Forestplanet INC FY2023 filing

Tax-deductible

Washington, DC501(c)(3)EnvironmentEIN 81-5025238

Supports large scale low costpertree reforestation worldwide

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$13K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
2 of 3
filings with a surplus
Average surplus $652 a year · under 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$13K
to officers and key staff · 14% of spending
Looks good: pay to officers and key staff is 14% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$15K
173% of total assets
Concern: liabilities are 173% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 3 voting members
Concern: none of 3 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$97K
+8% vs prior year
Spent
$96K
To programs
100%
Net assets
−$6K
By yearFY2021–FY2024
Revenue
$97K
FY2023▲ +8%
Revenue by fiscal year
FY2021$108K
FY2022$90K
FY2023$97K
FY2024$107K
Expenses
$96K
FY2023▼ -9%
Expenses by fiscal year
FY2021$93K
FY2022$105K
FY2023$96K
FY2024Not on file
Net assets
−$6K
FY2023▲ +22%
Net assets by fiscal year
FY2021$7K
FY2022−$8K
FY2023−$6K
FY2024−$57K

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2020-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Mar 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $96K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990; $13K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$13,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Frank Dearden’s $15K as President is at the 7th percentile of top reported officer pay among 1989 $100K–1M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Frank H Dearden——$35,000$18,000
Frank Dearden$15,000$13,000——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Forestplanet INC executive salaries →

Are you one of these people? Claim this org to confirm your role

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

Plants millions of trees globally to combat climate change and restore ecosystems.

Provided by the organization

This section is blank until Forestplanet INC claims this page.

Know this organization? Claim it to add your story

1 program service account for $41K of program spending, described in the organization's own filed words · FY2023.
01

Supports large scale, low cost-per-tree reforestation worldwide

$41Kprogram expense

Run this program? Claim this org to tell your story

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 1 grant · $48K · 2021–2021

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$97K
Ln 12
Gifts and grantsLn 1h$97K
Money outPt IX
$96K
Ln 25
Programscol B$96K
Owns and owesPt X
−$6K
net assets · Ln 32
Cash and savingsLn 1–2$8K
Total assetsLn 16$9K
LiabilitiesLn 26$15K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Government grantsLn 1e$63K
Total revenueLn 12$97K
Assets in detailPt X, end of year
CashLn 1$8K
Cash and savings togetherLn 1–2$8K
Land, buildings, equipmentLn 10c$1K
Other assetsLn 15−$211
Total assetsLn 16$9K
LiabilitiesLn 26$15K
Net assetsLn 32−$6K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$6K$8K
Land, buildings, equipmentLn 10c$1K$1K
Total assetsLn 16$7K$9K
LiabilitiesLn 26$15K$15K
Net assetsLn 32−$8K−$6K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$13K$13K
Management feesLn 11a$8K$8K
Accounting feesLn 11c$1K$1K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$5K$5K
Information technologyLn 14$2K$2K
OccupancyLn 16$2K$2K
TravelLn 17$3K$3K
Conferences, conventions and meetingsLn 19$15K$15K
InterestLn 20$570$570
Depreciation, depletion and amortizationLn 22$385$385
Other expenses (24a–d)Ln 24$41K$41K
Total functional expensesLn 25$96K$96K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $107K−$57K 990 PDF
FY2023 Viewing $97K$96K$2K−$6K 990 PDF
FY2022 $90K$105K−$15K−$8K 990 PDF
FY2021 $108K$93K$16K$7K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $97,102 across 5 lines filed
VIII-1b Membership dues$250
VIII-1e Government grants$63,000
VIII-1f All other contributions, gifts and grants$33,852
VIII-1h Total contributions, gifts and grants$97,102
VIII-12 Total revenue$97,102
Part IX · Statement of functional expenses $95,503 across 12 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $13,000$13,000
IX-11a Management feesPrograms $7,806$7,806
IX-11c Accounting feesPrograms $1,000$1,000
IX-12 Advertising and promotionPrograms $5,178$5,178
IX-13 Office expensesPrograms $5,233$5,233
IX-14 Information technologyPrograms $1,872$1,872
IX-16 OccupancyPrograms $1,547$1,547
IX-17 TravelPrograms $3,395$3,395
IX-19 Conferences, conventions and meetingsPrograms $14,609$14,609
IX-20 InterestPrograms $570$570
IX-22 Depreciation, depletion and amortizationPrograms $385$385
IX-24 Other expenses (24a–d)Programs $40,908$40,908
IX-25 Total functional expensesPrograms $95,503 · Management $0 · Fundraising $0$95,503
Part X · Balance sheet $8,838 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $5,680$7,857
X-10c Land, buildings and equipment, netStart of year $1,349$1,192
X-15 Other assets−$211
X-16 Total assetsStart of year $7,029$8,838
X-17 Accounts payable and accrued expensesStart of year $7,964$235
X-24 Unsecured notes and loans payableStart of year $7,368$7,351
X-25 Other liabilities$7,728
X-26 Total liabilitiesStart of year $15,332$15,314
X-32 Total net assets or fund balancesStart of year −$8,303−$6,476
X-33 Total liabilities and net assetsStart of year $7,029$8,838
Part XI · Reconciliation of net assets −$6,476 net assets at year end
XI-1 Total revenue$97,102
XI-2 Total expenses$95,503
XI-3 Revenue less expenses$1,599
XI-4 Net assets at start of year−$8,303
XI-9 Other changes in net assets$228
XI-10 Net assets at end of year−$6,476

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.