Terraffirm INC FY2021 filing

Palo Alto, CAUnknown exempt organizationEIN 84-3227885Revenue $500K in FY2021

On file with the IRSterraffirm.org2100 Geng Road Suite 210 · Palo Alto, CA

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Terraffirm Inc. is organized and operated exclusively for charitable purposes within the meaning of Internal Revenue Code section 501(c)(3). Terraffirm Inc. (herein referred to as Terraffirm or the organization) furthers charitable purposes by supporting research, development, and educational activities intended to mitigate or bring about awareness of global climate change and its effects. The organizations long-term objective is to facilitate efforts to reduce the harmful effects of climate change in order to maintain a healthy planet for generations to come.

90¢ of each $1 spent went to programs.
$180K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$180K
to officers and key staff · 59% of spending
Concern: pay to officers and key staff is 59% of spending; over 30%.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 20.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$500K
Spent
$306K
To programs
90%
Net assets
$510K
By yearFY2021–FY2023
Revenue
$500K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$500K
FY2023$30K
FY2023$0
Net assets
$510K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$510K
FY2023$5K
FY2023$0

From the FY2021 Form 990 (year ending July 2021) · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $274K Management & general 10% · $31K

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; $180K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Sec & Treas
$180,000Pt VII · Sec A
Chairman, Pres
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2023FY2021
Robert a Hayes$136,667$180,000

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Supports research and education to mitigate global climate change and its effects.

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Provided by the organization

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1 program · $274K · in their own filed words · FY2020
01

In Fiscal 2021 Terraffirm Made the Following Grants

(1) to Watershed Research and Training Center to support policy advocacy and legislative analysis related to the responsible use of prescribed fire in Northern California's fire adapted landscapes, (2) to Firefighters United for Safety, Ethics & Ecology to support a training workshop in biochar production with the Carloini Kiln and to…

$274Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2022
Total grants receivedfrom 1 funder$30K
Grants paid · 3 grants · $40K · 2020–2020

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$500K
Ln 12
Gifts and grantsLn 1h$500K
Investment incomeLn 3$136
Money outPt IX
$306K
Ln 25
Programscol B$274K
Managementcol C$31K
Owns and owesPt X
$510K
net assets · Ln 32
Cash and savingsLn 1–2$510K
Total assetsLn 16$510K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$500K
Investment incomeLn 3$136
Gains on assetsLn 7$0
Total revenueLn 12$500K
Assets in detailPt X, end of year
CashLn 1$29K
SavingsLn 2$480K
Cash and savings togetherLn 1–2$510K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$510K
LiabilitiesLn 26$0
Net assetsLn 32$510K
OperationsPt I, VI
EmployeesI 51
VolunteersI 65
Fiscal year endsHeaderJuly
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$315K$510K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$315K$510K
LiabilitiesLn 26$0$0
Net assetsLn 32$315K$510K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$40K$40K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$180K$162K$18K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$11K$10K$1K
Management feesLn 11a$0
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$28K$25K$3K
Advertising and promotionLn 12$0
Office expensesLn 13$348$313$35
Information technologyLn 14$544$490$54
RoyaltiesLn 15$0
OccupancyLn 16$23K$21K$2K
TravelLn 17$154$154
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$16K$15K$1K
All other expensesLn 24e$2K$335$1K
Total functional expensesLn 25$306K$274K$31K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 $30K$5K 990 PDF
FY2022 Not on file
FY2021 Viewing $500K$306K$195K$510K 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 FY2021 990 (6 parts)
Part I · Summary $500,145 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $500,000$500,009
I-9 Program service revenue$0
I-10 Investment incomePrior year $92$136
I-11 Other revenue$0
I-12 Total revenuePrior year $500,092$500,145
I-13 Grants and similar amounts paid$40,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $145,902$191,434
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $39,181$74,077
I-18 Total expensesPrior year $185,083$305,511
I-19 Revenue less expensesPrior year $315,009$194,634
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $500,145 across 8 lines filed
VIII-1f All other contributions, gifts and grants$500,009
VIII-1h Total contributions, gifts and grants$500,009
VIII-3 Investment incomeExcluded from tax $136$136
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueExcluded from tax $136$500,145
Part IX · Statement of functional expenses $305,511 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $40,000$40,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $162,000 · Management $18,000$180,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $10,291 · Management $1,143$11,434
IX-11a Management fees$0
IX-11b Legal feesManagement $1,498$1,498
IX-11c Accounting feesManagement $2,869$2,869
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $24,908 · Management $2,767$27,675
IX-12 Advertising and promotion$0
IX-13 Office expensesPrograms $313 · Management $35$348
IX-14 Information technologyPrograms $490 · Management $54$544
IX-15 Royalties$0
IX-16 OccupancyPrograms $20,914 · Management $2,324$23,238
IX-17 TravelPrograms $154$154
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $14,709 · Management $1,377$16,086
IX-24e All other expensesPrograms $335 · Management $1,330$1,665
IX-25 Total functional expensesPrograms $274,114 · Management $31,397 · Fundraising $0$305,511
Part X · Balance sheet $509,643 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $24,917$29,415
X-2 Savings and temporary cash investmentsStart of year $290,092$480,228
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $315,009$509,643
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $315,009$509,643
X-33 Total liabilities and net assetsStart of year $315,009$509,643
Part XI · Reconciliation of net assets $509,643 net assets at year end
XI-1 Total revenue$500,145
XI-2 Total expenses$305,511
XI-3 Revenue less expenses$194,634
XI-4 Net assets at start of year$315,009
XI-10 Net assets at end of year$509,643

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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