Bcarbon INC FY2021 filing

Tax-deductible

Houston, TX501(c)(3)EnvironmentEIN 85-4254549

To enable sustainable climate conservation with a nature-based carbon registry.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
3 of 4
filings with a surplus
Average surplus $196K a year · 16% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $170K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$640K
Spent
$108K
To programs
85%
Net assets
$532K
By yearFY2021–FY2024
Revenue
$640K
FY2021
Revenue by fiscal year
FY2021$640K
FY2022$1.3M
FY2023$2.2M
FY2024$674K
Expenses
$108K
FY2021
Expenses by fiscal year
FY2021$108K
FY2022$1.1M
FY2023$1.6M
FY2024$1.3M
Net assets
$532K
FY2021
Net assets by fiscal year
FY2021$532K
FY2022$782K
FY2023$1.4M
FY2024$802K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 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 Aug 2021.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $92K Management & general 15% · $16K

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

Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation
Chair, President/CEO
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Miguel Gonzalez’s $128K as Technical Operations Director is at the 92nd percentile of top reported officer pay among 1990 $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 · 3 named individuals · Part VII

NameFY2023FY2022
Miguel Gonzalez$128,000$117,500
Robin D Rather$102,702$32,000
James B Blackburn JR$77,706$32,000

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 Bcarbon INC 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

Registers nature-based projects to fund climate conservation.

Provided by the organization

This section is blank until Bcarbon INC claims this page.

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1 program service account for $92K of program spending, described in the organization's own filed words · FY2021.
01

For its initial program, BCarbon reviews and certifies applications for soil carbon credits to determine whether they meet BCarbon's criteria for credit issuance. Credits are issued and registered on a blockchain accounting system to keep up with subsequent transactions.

$92Kprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$170K
Grants paid · 1 grant · $200K · 2023–2023

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$640K
Ln 12
Gifts and grantsLn 1h$610K
Fees for servicesLn 2g$30K
Money outPt IX
$108K
Ln 25
Programscol B$92K
Managementcol C$16K
Owns and owesPt X
$532K
net assets · Ln 32
Cash and savingsLn 1–2$62K
Total assetsLn 16$537K
LiabilitiesLn 26$5K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$610K
Fees for servicesLn 2g$30K
Total revenueLn 12$640K
Assets in detailPt X, end of year
CashLn 1$62K
Cash and savings togetherLn 1–2$62K
Total assetsLn 16$537K
LiabilitiesLn 26$5K
Net assetsLn 32$532K
OperationsPt I, VI
EmployeesI 51
VolunteersI 67
Fiscal year endsHeaderDecember
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$62K
Total assetsLn 16$0$537K
LiabilitiesLn 26$0$5K
Net assetsLn 32$0$532K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$25K$25K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$6K$6K$132
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$4K$3K$192
Office expensesLn 13$363$363
Information technologyLn 14$8K$5K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$50K$50K
Total functional expensesLn 25$108K$92K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $674K$1.3M−$647K$802K 990 PDF
FY2023 $2.2M$1.6M$647K$1.4M 990 PDF
FY2022 $1.3M$1.1M$250K$782K 990 PDF
FY2021 Viewing $640K$108K$532K$532K 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 (4 parts)
Part VIII · Statement of revenue $639,900 across 4 lines filed
VIII-1f All other contributions, gifts and grants$609,900
VIII-1h Total contributions, gifts and grants$609,900
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $30,000$30,000
VIII-12 Total revenueRelated to mission $30,000 · Unrelated business $0 · Excluded from tax $0$639,900
Part IX · Statement of functional expenses $107,709 across 9 lines filed
IX-7 Other salaries and wagesPrograms $25,136$25,136
IX-10 Payroll taxesPrograms $1,923$1,923
IX-11b Legal feesPrograms $5,625 · Management $132$5,757
IX-11c Accounting feesManagement $11,962$11,962
IX-11g Other fees for servicesPrograms $3,480 · Management $192$3,672
IX-13 Office expensesManagement $363$363
IX-14 Information technologyPrograms $5,437 · Management $2,096$7,533
IX-23 InsuranceManagement $1,385$1,385
IX-24 Other expenses (24a–d)Programs $49,978$49,978
IX-25 Total functional expensesPrograms $91,579 · Management $16,130 · Fundraising $0$107,709
Part X · Balance sheet $537,328 assets, 9 lines filed
X-1 Cash, non-interest-bearing$62,328
X-3 Pledges and grants receivable$475,000
X-16 Total assetsStart of year $0$537,328
X-17 Accounts payable and accrued expenses$5,137
X-26 Total liabilitiesStart of year $0$5,137
X-27 Net assets without donor restrictions$57,191
X-28 Net assets with donor restrictions$475,000
X-32 Total net assets or fund balancesStart of year $0$532,191
X-33 Total liabilities and net assetsStart of year $0$537,328
Part XI · Reconciliation of net assets $532,191 net assets at year end
XI-1 Total revenue$639,900
XI-2 Total expenses$107,709
XI-3 Revenue less expenses$532,191
XI-4 Net assets at start of year$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$532,191

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

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