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The Carbon Fund FY2020 filing

Tax-deductible

Stoneville, MS501(c)(3)Science & TechnologyEIN 71-0879754Revenue $150K in FY2020

On file with the IRSthecarbonfund.orgPo Box 100, 38776-0100 · Stoneville, MSTax-exempt since Oct 2006Publicly supported charity — 170(b)(1)(A)(vi)

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To match the interests of agencies and organizations interested in ecosystem restoration with those of emissions-concious donors interested in Carbon sequestration. To educate the public about the effective and efficient management of Carbon, a component of greenhouse gas that has been linked to global climate change. To establish partnerships with conservation groups and organizations, landowners and agencies that hold title to land to work together to restore native fish, wildlife and plant habitat.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $136K a year · 89% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
456 mo
of spending, in cash
Looks good: 455.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $73K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$425K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150K
+77% vs prior year
Spent
$1K
To programs
43%
Net assets
$561K
By yearFY2019–FY2024
Revenue
$150K
FY2020▲ +77%
Tap a bar for its year
Revenue by fiscal year
FY2019$85K
FY2020$150K
FY2021$101K
FY2022−$1K
FY2023$112K
FY2024$475K
Expenses
$1K
FY2020▼ -43%
Tap a bar for its year
Expenses by fiscal year
FY2019$2K
FY2020$1K
FY2021$5K
FY2022$7K
FY2023$46K
FY2024$42K
Net assets
$561K
FY2020▲ +36%
Tap a bar for its year
Net assets by fiscal year
FY2019$412K
FY2020$561K
FY2021$547K
FY2022$538K
FY2023$604K
FY2024$1.0M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2006.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $509 Management & general 42% · $505 Fundraising 15% · $180

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
James L Cummins
Exec. Direct
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Leila Wynn
Trustee
$0Pt VII · Sec A
See The Carbon Fund executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Connects restoration projects with donors, educates on carbon management, and partners to restore habitats.

Questions for The Carbon Fund

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Provided by the organization

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1 program · $509 · in their own filed words · FY2020
01

Program Operating Expenses

The organization continues working to promote the protection, restoration and enhancement of forests through carbon sequestration.

$509program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
National Fish and Wildlife FoundationFY2024$56K
Donor Advised Charitable Giving INCFY2024$9K
Fidelity Investments Charitable Gift FundFY2024$7K
Total grants receivedfrom 3 funders$73K
See all 3 funders →

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$150K
Ln 12
Gifts and grantsLn 1h$128K
Investment incomeLn 3$22K
Money outPt IX
$1K
Ln 25
Programscol B$509
Managementcol C$505
Fundraisingcol D$180
Owns and owesPt X
$561K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$986K
LiabilitiesLn 26$425K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$128K
Noncash giftsLn 1g$108K
Investment incomeLn 3$22K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
InvestmentsLn 11–13$406K
Land, buildings, equipmentLn 10c$535K
Total assetsLn 16$986K
LiabilitiesLn 26$425K
Net assetsLn 32$561K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$27K$45K
InvestmentsLn 11–13$384K$406K
Land, buildings, equipmentLn 10c$426K$535K
Total assetsLn 16$837K$986K
LiabilitiesLn 26$425K$425K
Net assetsLn 32$412K$561K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$650$325$325
Office expensesLn 13$244$82$81$81
Other expenses (24a–d)Ln 24$300$102$99$99
Total functional expensesLn 25$1K$509$505$180

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $475K$42K$434K$1.0M 990 PDF
FY2023 $112K$46K$66K$604K 990 PDF
FY2022 −$1K$7K−$9K$538K 990 PDF
FY2021 $101K$5K$96K$547K 990 PDF
FY2020 Viewing $150K$1K$149K$561K 990 PDF
FY2019 $85K$2K$82K$412K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $149,719 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $14,696$127,777
I-9 Program service revenue$0
I-10 Investment incomePrior year $69,819$21,942
I-11 Other revenue$0
I-12 Total revenuePrior year $84,515$149,719
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $2,108$1,194
I-18 Total expensesPrior year $2,108$1,194
I-19 Revenue less expensesPrior year $82,407$148,525
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $149,719 across 5 lines filed
VIII-1f All other contributions, gifts and grants$127,777
VIII-1g Noncash contributions (included above)$108,500
VIII-1h Total contributions, gifts and grants$127,777
VIII-3 Investment incomeExcluded from tax $21,942$21,942
VIII-12 Total revenueExcluded from tax $21,942$149,719
Part IX · Statement of functional expenses $1,194 across 3 lines filed
IX-11c Accounting feesPrograms $325 · Management $325$650
IX-13 Office expensesPrograms $82 · Management $81 · Fundraising $81$244
IX-24 Other expenses (24a–d)Programs $102 · Management $99 · Fundraising $99$300
IX-25 Total functional expensesPrograms $509 · Management $505 · Fundraising $180$1,194
Part X · Balance sheet $985,969 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $27,270$45,353
X-10c Land, buildings and equipment, netStart of year $426,106$534,606
X-13 Program-related investmentsStart of year $384,068$406,010
X-16 Total assetsStart of year $837,444$985,969
X-25 Other liabilitiesStart of year $425,000$425,000
X-26 Total liabilitiesStart of year $425,000$425,000
X-32 Total net assets or fund balancesStart of year $412,444$560,969
X-33 Total liabilities and net assetsStart of year $837,444$985,969
Part XI · Reconciliation of net assets $560,969 net assets at year end
XI-1 Total revenue$149,719
XI-2 Total expenses$1,194
XI-3 Revenue less expenses$148,525
XI-4 Net assets at start of year$412,444
XI-10 Net assets at end of year$560,969

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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