Project Canary Foundation FY2022 filing

Denver, COUnknown exempt organizationEIN 88-2861910Revenue $10K in FY2022

On file with the IRSprojectcanaryfoundation.org1200 17th Street 26th Floor · Denver, CO

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The Project Canary Foundation is dedicated to plugging abandoned oil and gas wells to make a measurable impact on the course of climate change.

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 2
filings with a surplus
Average surplus $1K a year · 5% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$16K
649% of total assets
Concern: liabilities are 649% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$10K
Spent
$24K
To programs
100%
Net assets
−$14K
By yearFY2022–FY2024
Revenue
$10K
FY2022
Tap a bar for its year
Revenue by fiscal year
FY2022$10K
FY2023$36K
FY2024Not on file
Expenses
$24K
FY2022
Tap a bar for its year
Expenses by fiscal year
FY2022$24K
FY2023$20K
FY2024Not on file
Net assets
−$14K
FY2022
Tap a bar for its year
Net assets by fiscal year
FY2022−$14K
FY2023$2K
FY2024$2K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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 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% · $24K

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

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
See Project Canary Foundation 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

Plugging abandoned oil and gas wells to reduce climate change.

Questions for Project Canary Foundation

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Provided by the organization

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1 program · $24K · in their own filed words · FY2022
01

The project canary foundation partnered with the well done foundation to plug an abandoned well near a home in a low income area outside of pittsburgh, pa.

$24Kprogram 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 · FY2022
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$10K
Ln 12
Gifts and grantsLn 1h$10K
Money outPt IX
$24K
Ln 25
Programscol B$24K
Owns and owesPt X
−$14K
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$16K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Total revenueLn 12$10K
Assets in detailPt X, end of year
CashLn 1$3K
Cash and savings togetherLn 1–2$3K
Total assetsLn 16$3K
LiabilitiesLn 26$16K
Net assetsLn 32−$14K
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 FY22End FY22
Cash and savingsLn 1–2$3K
Total assetsLn 16$0$3K
LiabilitiesLn 26$0$16K
Net assetsLn 32$0−$14K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$24K$24K
Total functional expensesLn 25$24K$24K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2K 990 PDF
FY2023 $36K$20K$16K$2K 990 PDF
FY2022 Viewing $10K$24K−$14K−$14K 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 FY2022 990 (6 parts)
Part I · Summary $10,000 revenue, 12 lines filed
I-8 Contributions and grants$10,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$10,000
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 expenses$23,718
I-18 Total expenses$23,718
I-19 Revenue less expenses−$13,718
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $10,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$10,000
VIII-1h Total contributions, gifts and grants$10,000
VIII-12 Total revenue$10,000
Part IX · Statement of functional expenses $23,718 across 1 line filed
IX-12 Advertising and promotionPrograms $23,718$23,718
IX-25 Total functional expensesPrograms $23,718 · Management $0 · Fundraising $0$23,718
Part X · Balance sheet $2,501 assets, 7 lines filed
X-1 Cash, non-interest-bearing$2,501
X-16 Total assetsStart of year $0$2,501
X-17 Accounts payable and accrued expenses$16,219
X-26 Total liabilitiesStart of year $0$16,219
X-27 Net assets without donor restrictions−$13,718
X-32 Total net assets or fund balancesStart of year $0−$13,718
X-33 Total liabilities and net assetsStart of year $0$2,501
Part XI · Reconciliation of net assets −$13,718 net assets at year end
XI-1 Total revenue$10,000
XI-2 Total expenses$23,718
XI-3 Revenue less expenses−$13,718
XI-10 Net assets at end of year−$13,718

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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