Homeworld Collective INC

Tax-deductible

Somerville, MA501(c)(3)EnvironmentEIN 88-2741229Revenue $4.7M in FY2024

On file with the IRShomeworld.bio165 Middlesex Ave 1131, 02145-1105 · Somerville, MATax-exempt since Aug 2022Publicly supported charity — 170(b)(1)(A)(vi)

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Dedicated to nurturing the growth of climate biotech by fostering community, building knowledge, and directly supporting early state research. Together we can work toward a healthy biosphere and thriving human society.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$499K 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

FY2024 · 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 2
filings with a surplus
Average surplus $2.2M a year · 55% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$499K
to officers and key staff · 25% of spending
Top officer’s pay higher than 85% of similar orgs
Worth a look: pay to officers and key staff is 25% of spending; over 20%.
Pt VII · Sec A
Cash reserves
24 mo
of spending, in cash
Looks good: 23.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $1.8M
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$207K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 5 voting members
Worth a look: 2 of 5 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.7M
+34% vs prior year
Spent
$2.0M
To programs
81%
Net assets
$4.4M
By yearFY2022–FY2024
Revenue
$4.7M
FY2024▲ +34%
Tap a bar for its year
Revenue by fiscal year
FY2022$10K
FY2023$3.5M
FY2024$4.7M
Expenses
$2.0M
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$1.7M
FY2024$2.0M
Net assets
$4.4M
FY2024▲ +147%
Tap a bar for its year
Net assets by fiscal year
FY2022$3K
FY2023$1.8M
FY2024$4.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2022.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $1.6M Management & general 15% · $294K Fundraising 4% · $82K

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

5 people listed on the 990; $499K paid to officers and key staff.

Part VII, Section A · reportable compensation
Exec Director/President
$205,173Pt VII · Sec A
Science Director/Board Member
$156,955Pt VII · Sec A
Operation Director/Secretary
$137,109Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Daniel Goodwin’s $205K as Exec Director/President is at the 85th percentile of top reported officer pay among 1851 $1–10M 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

NameFY2024FY2023
Daniel Goodwin$205,173$175,900
Paul Reginato$156,955$171,470
Paul Himmelstein$137,109—

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Nurturing climate biotech growth through community, knowledge, and research support.

Questions for Homeworld Collective INC

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Provided by the organization

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1 program · $1.6M · in their own filed words · FY2024
01

Community building, thought leadership and catalyzing action

$1.6Mprogram 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 · FY2024
See all 5 funders →
Grants paid · 15 grants · $1.5M · 2023–2024
Two Frontiers Project INCCO · FY2024$304,000
Trustees of Tufts CollegeMA · FY2024$125,000
Speculative Technologies INCDE · FY2024$100,000
Duke UniversityNC · FY2024$62,125
The Scripps Research InstituteCA · FY2023$150,000
North Carolina State UniversityFY2023$150,000
University of WashingtonFY2023$93,866
Duke UniversityNC · FY2023$82,500
University of WisconsinFY2023$75,000
Unitemized GrantFY2023$29,496

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$4.7M
Ln 12
Gifts and grantsLn 1h$4.6M
Investment incomeLn 3$42K
Fees for servicesLn 2g$40K
Money outPt IX
$2.0M
Ln 25
Programscol B$1.6M
Managementcol C$294K
Fundraisingcol D$82K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$4.0M
Total assetsLn 16$4.6M
LiabilitiesLn 26$207K
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a5
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.6M
Fees for servicesLn 2g$40K
Investment incomeLn 3$42K
Total revenueLn 12$4.7M
Assets in detailPt X, end of year
CashLn 1$4.0M
Cash and savings togetherLn 1–2$4.0M
Total assetsLn 16$4.6M
LiabilitiesLn 26$207K
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
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 FY24End FY24
Cash and savingsLn 1–2$1.8M$4.0M
Total assetsLn 16$2.8M$4.6M
LiabilitiesLn 26$961K$207K
Net assetsLn 32$1.8M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$612K$612K
Grants and assistance to foreign recipientsLn 3$177K$177K
Pay of current officers, directors and key staffLn 5$499K$373K$75K$51K
Other salaries and wagesLn 7$196K$146K$30K$20K
Other employee benefitsLn 9$86K$32K$51K$4K
Payroll taxesLn 10$59K$47K$7K$5K
Legal feesLn 11b$6K$5K$15
Accounting feesLn 11c$53K$53K
Other fees for servicesLn 11g$151K$147K$3K
Advertising and promotionLn 12$11K$2K$9K$40
Office expensesLn 13$19K$2K$17K$20
Information technologyLn 14$28K$19K$9K
OccupancyLn 16$300$300
TravelLn 17$76K$67K$9K$809
Conferences, conventions and meetingsLn 19$17K$16K$865
Depreciation, depletion and amortizationLn 22$22K$22K
InsuranceLn 23$4K$3K$763$310
Other expenses (24a–d)Ln 24$7K$5K$2K$460
Total functional expensesLn 25$2.0M$1.6M$294K$82K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $4.7M$2.0M$2.6M$4.4M 990 PDF
FY2023 $3.5M$1.7M$1.8M$1.8M 990 PDF
FY2022 $10K$3K 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 FY2024 990 (6 parts)
Part I · Summary $4,662,687 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,472,688$4,580,573
I-9 Program service revenuePrior year $0$40,287
I-10 Investment incomePrior year $0$41,827
I-11 Other revenuePrior year $759$0
I-12 Total revenuePrior year $3,473,447$4,662,687
I-13 Grants and similar amounts paidPrior year $988,995$788,800
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $459,338$840,378
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $229,720$393,432
I-18 Total expensesPrior year $1,678,053$2,022,610
I-19 Revenue less expensesPrior year $1,795,394$2,640,077
Part VI · Governance 2 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsNo
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 $4,662,687 across 5 lines filed
Lines not itemized here account for $912 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$4,580,573
VIII-1h Total contributions, gifts and grants$4,580,573
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $39,375$39,375
VIII-3 Investment incomeExcluded from tax $41,827$41,827
VIII-12 Total revenueRelated to mission $39,375 · Unrelated business $0 · Excluded from tax $42,739$4,662,687
Part IX · Statement of functional expenses $2,022,610 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $611,800$611,800
IX-3 Grants and assistance to foreign recipientsPrograms $177,000$177,000
IX-5 Pay of current officers, directors and key staffPrograms $373,018 · Management $75,209 · Fundraising $51,010$499,237
IX-7 Other salaries and wagesPrograms $146,454 · Management $29,529 · Fundraising $20,027$196,010
IX-9 Other employee benefitsPrograms $31,908 · Management $50,585 · Fundraising $3,787$86,280
IX-10 Payroll taxesPrograms $46,639 · Management $7,043 · Fundraising $5,169$58,851
IX-11b Legal feesManagement $5,489 · Fundraising $15$5,504
IX-11c Accounting feesManagement $53,144$53,144
IX-11g Other fees for servicesPrograms $147,401 · Management $3,139$150,540
IX-12 Advertising and promotionPrograms $2,436 · Management $8,657 · Fundraising $40$11,133
IX-13 Office expensesPrograms $1,700 · Management $16,926 · Fundraising $20$18,646
IX-14 Information technologyPrograms $18,940 · Management $9,421$28,361
IX-16 OccupancyManagement $300$300
IX-17 TravelPrograms $66,640 · Management $8,588 · Fundraising $809$76,037
IX-19 Conferences, conventions and meetingsPrograms $15,765 · Management $865$16,630
IX-22 Depreciation, depletion and amortizationManagement $22,001$22,001
IX-23 InsurancePrograms $2,793 · Management $763 · Fundraising $310$3,866
IX-24 Other expenses (24a–d)Programs $4,734 · Management $2,076 · Fundraising $460$7,270
IX-25 Total functional expensesPrograms $1,647,228 · Management $293,735 · Fundraising $81,647$2,022,610
Part X · Balance sheet $4,646,531 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $1,826,591$3,987,730
X-3 Pledges and grants receivableStart of year $892,688$575,000
X-4 Accounts receivableStart of year $1,470$48,482
X-9 Prepaid expenses and deferred charges$3,039
X-14 Intangible assetsStart of year $39,181$32,280
X-16 Total assetsStart of year $2,759,930$4,646,531
X-17 Accounts payable and accrued expensesStart of year $3,280$34,958
X-18 Grants payableStart of year $957,279$72,125
X-19 Deferred revenue$100,000
X-26 Total liabilitiesStart of year $960,559$207,083
X-27 Net assets without donor restrictionsStart of year $906,683$2,073,038
X-28 Net assets with donor restrictionsStart of year $892,688$2,366,410
X-32 Total net assets or fund balancesStart of year $1,799,371$4,439,448
X-33 Total liabilities and net assetsStart of year $2,759,930$4,646,531
Part XI · Reconciliation of net assets $4,439,448 net assets at year end
XI-1 Total revenue$4,662,687
XI-2 Total expenses$2,022,610
XI-3 Revenue less expenses$2,640,077
XI-4 Net assets at start of year$1,799,371
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,439,448

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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