LARSEN-LAM CLIMATE CHANGE FOUNDATION: Form 990PF, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- LARSEN-LAM CLIMATE CHANGE FOUNDATION (EIN 85-4312409)
- Tax period
- 2022-12-01 to 2023-11-30
- Filed
- 2024-10-11
- IRS object ID
- 202432859349100908
- Schema version
- 2022v5.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990-PF
- Schedule B
- Accounting Fees Schedule
- Investments Govt Obligations Sch
- Investments Other Schedule2
- Legal Fees Schedule
- Other Assets Schedule
- Other Decreases Schedule
- Other Expenses Schedule
- Other Liabilities Schedule
- Other Professional Fees Schedule
- Substantial Contributors Sch
- Taxes Schedule
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-10-11T15:45:29-05:00 | ReturnTs |
| Tax Period End | 2023-11-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 941341042 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | FRANK RIMERMAN & CO LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 60 S MARKET STREET SUITE 500 | AddressLine1Txt |
| City | SAN JOSE | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 95113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990PF | ReturnTypeCd |
| Tax Period Begin | 2022-12-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 854312409 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LARSEN-LAM CLIMATE CHANGE FOUNDATION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LARS | BusinessNameControlTxt |
| Phone | 6507403518 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1212 LOMBARD STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94109 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTIAN A LARSEN | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 6507403518 | PhoneNum |
| Signature | 2024-10-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | SHELLEY CHEN | PreparerPersonNm |
| PTIN | P00529935 | PTIN |
| Phone | 4082795566 | PhoneNum |
| Preparation | 2024-10-10 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990-PF IRS990PF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| FMV Assets EOY | $51,237,306 | FMVAssetsEOYAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Rcvd Rev And Expnss | $14,357,766 | ContriRcvdRevAndExpnssAmt |
| Interest On Sav Rev And Expnss | $234,594 | InterestOnSavRevAndExpnssAmt |
| Interest On Sav Net Invst Incm | $234,594 | InterestOnSavNetInvstIncmAmt |
| Interest On Savings Adj Net Incm | $234,594 | InterestOnSavingsAdjNetIncmAmt |
| Dividends Rev And Expnss | $34,996 | DividendsRevAndExpnssAmt |
| Dividends Net Invst Incm | $34,996 | DividendsNetInvstIncmAmt |
| Dividends Adj Net Incm | $34,996 | DividendsAdjNetIncmAmt |
| Net Gain Sale Ast Rev And Expnss | $1,902,821 | NetGainSaleAstRevAndExpnssAmt |
| Gross Sales Price | $14,834,164 | GrossSalesPriceAmt |
| Cap Gain Net Incm Net Invst Incm | $14,834,164 | CapGainNetIncmNetInvstIncmAmt |
| Net ST Capital Gain Adj Net Incm | $14,583 | NetSTCapitalGainAdjNetIncmAmt |
| Total Rev And Expnss | $16,530,177 | TotalRevAndExpnssAmt |
| Total Net Invst Incm | $15,103,754 | TotalNetInvstIncmAmt |
| Total Adj Net Incm | $284,173 | TotalAdjNetIncmAmt |
| Comp Ofcr Dir Trst Rev And Expnss | $0 | CompOfcrDirTrstRevAndExpnssAmt |
| Comp Ofcr Dir Trst Net Invst Incm | $0 | CompOfcrDirTrstNetInvstIncmAmt |
| Comp Ofcr Dir Trst Adj Net Incm | $0 | CompOfcrDirTrstAdjNetIncmAmt |
| Comp Ofcr Dir Trst Dsbrs Chrtbl | $0 | CompOfcrDirTrstDsbrsChrtblAmt |
| Legal Fees Rev And Expnss | $92,923 | LegalFeesRevAndExpnssAmt |
| Legal Fees Net Invst Incm | $0 | LegalFeesNetInvstIncmAmt |
| Legal Fees Adj Net Incm | $0 | LegalFeesAdjNetIncmAmt |
| Legal Fees Dsbrs Chrtbl | $92,923 | LegalFeesDsbrsChrtblAmt |
| Accounting Fees Rev And Expnss | $50,850 | AccountingFeesRevAndExpnssAmt |
| Accounting Fees Net Invst Incm | $0 | AccountingFeesNetInvstIncmAmt |
| Accounting Fees Adj Net Incm | $0 | AccountingFeesAdjNetIncmAmt |
| Accounting Fees Chrtbl Prps | $50,850 | AccountingFeesChrtblPrpsAmt |
| Other Prof Fees Rev And Expnss | $1,070,832 | OtherProfFeesRevAndExpnssAmt |
| Other Prof Fees Net Invst Incm | $908 | OtherProfFeesNetInvstIncmAmt |
| Other Prof Fees Adj Net Incm | $0 | OtherProfFeesAdjNetIncmAmt |
| Other Prof Fees Dsbrs Chrtbl | $1,069,924 | OtherProfFeesDsbrsChrtblAmt |
| Taxes Rev And Expnss | $209,942 | TaxesRevAndExpnssAmt |
| Taxes Net Invst Incm | $0 | TaxesNetInvstIncmAmt |
| Taxes Adj Net Incm | $0 | TaxesAdjNetIncmAmt |
| Taxes Dsbrs Chrtbl | $0 | TaxesDsbrsChrtblAmt |
| Other Expenses Rev And Expnss | $2,175,805 | OtherExpensesRevAndExpnssAmt |
| Other Expenses Net Invst Incm | $0 | OtherExpensesNetInvstIncmAmt |
| Other Expenses Adj Net Incm | $0 | OtherExpensesAdjNetIncmAmt |
| Other Expenses Dsbrs Chrtbl | $900,355 | OtherExpensesDsbrsChrtblAmt |
| Tot Opr Expenses Rev And Expnss | $3,600,352 | TotOprExpensesRevAndExpnssAmt |
| Tot Opr Expenses Net Invst Incm | $908 | TotOprExpensesNetInvstIncmAmt |
| Tot Opr Expenses Adj Net Incm | $0 | TotOprExpensesAdjNetIncmAmt |
| Tot Opr Expenses Dsbrs Chrtbl | $2,114,052 | TotOprExpensesDsbrsChrtblAmt |
| Contri Paid Rev And Expnss | $0 | ContriPaidRevAndExpnssAmt |
| Contri Paid Dsbrs Chrtbl | $0 | ContriPaidDsbrsChrtblAmt |
| Total Expenses Rev And Expnss | $3,600,352 | TotalExpensesRevAndExpnssAmt |
| Total Expenses Net Invst Incm | $908 | TotalExpensesNetInvstIncmAmt |
| Total Expenses Adj Net Incm | $0 | TotalExpensesAdjNetIncmAmt |
| Total Expenses Dsbrs Chrtbl | $2,114,052 | TotalExpensesDsbrsChrtblAmt |
| Excess Revenue Over Expenses | $12,929,825 | ExcessRevenueOverExpensesAmt |
| Net Investment Income | $15,102,846 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $284,173 | AdjustedNetIncomeAmt |
Form990 PF Balance Sheets Form990PFBalanceSheetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cash BOY | $23,821 | CashBOYAmt |
| Cash EOY | $1,003,958 | CashEOYAmt |
| Cash EOYFMV | $1,003,959 | CashEOYFMVAmt |
| Sav And Temp Cash Invst BOY | $4,968,135 | SavAndTempCashInvstBOYAmt |
| Sav And Temp Cash Invst EOY | $7,161,927 | SavAndTempCashInvstEOYAmt |
| Sav And Temp Cash Invst EOYFMV | $7,161,927 | SavAndTempCashInvstEOYFMVAmt |
| Other Nts And Loans Rcvbl | $440,284 | OtherNtsAndLoansRcvblAmt |
| Other Rcvbl Allwnc Dbtfl Acct | $0 | OtherRcvblAllwncDbtflAcctAmt |
| Other Nts And Loans Rcvbl BOY | $260,284 | OtherNtsAndLoansRcvblBOYAmt |
| Other Nts And Loans Rcvbl EOY | $440,284 | OtherNtsAndLoansRcvblEOYAmt |
| Other Nts And Loans Rcvbl EOYFMV | $440,284 | OtherNtsAndLoansRcvblEOYFMVAmt |
| Prepaid Expenses BOY | $11,324 | PrepaidExpensesBOYAmt |
| US Government Obligations BOY | $0 | USGovernmentObligationsBOYAmt |
| US Government Obligations EOY | $5,029,152 | USGovernmentObligationsEOYAmt |
| US Govt Obligations EOYFMV | $5,029,152 | USGovtObligationsEOYFMVAmt |
| Other Investments BOY | $4,552,595 | OtherInvestmentsBOYAmt |
| Other Investments EOY | $5,583,502 | OtherInvestmentsEOYAmt |
| Other Investments EOYFMV | $6,861,985 | OtherInvestmentsEOYFMVAmt |
| Other Assets BOY | $29,250,000 | OtherAssetsBOYAmt |
| Other Assets EOY | $30,739,999 | OtherAssetsEOYAmt |
| Other Assets EOYFMV | $30,739,999 | OtherAssetsEOYFMVAmt |
| Total Assets BOY | $39,066,159 | TotalAssetsBOYAmt |
| Total Assets EOY | $49,958,822 | TotalAssetsEOYAmt |
| Total Assets EOYFMV | $51,237,306 | TotalAssetsEOYFMVAmt |
| Other Liabilities BOY | $50,509 | OtherLiabilitiesBOYAmt |
| Other Liabilities EOY | $188,514 | OtherLiabilitiesEOYAmt |
| Total Liabilities BOY | $50,509 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $188,514 | TotalLiabilitiesEOYAmt |
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
| Capital Stock BOY | $0 | CapitalStockBOYAmt |
| Capital Stock EOY | $0 | CapitalStockEOYAmt |
| Additional Paid In Capital BOY | $0 | AdditionalPaidInCapitalBOYAmt |
| Additional Paid In Capital EOY | $0 | AdditionalPaidInCapitalEOYAmt |
| Retained Earning BOY | $39,015,650 | RetainedEarningBOYAmt |
| Retained Earning EOY | $49,770,308 | RetainedEarningEOYAmt |
| Tot Net Ast Or Fund Balances BOY | $39,015,650 | TotNetAstOrFundBalancesBOYAmt |
| Tot Net Ast Or Fund Balances EOY | $49,770,308 | TotNetAstOrFundBalancesEOYAmt |
| Total Liabilities Net Ast BOY | $39,066,159 | TotalLiabilitiesNetAstBOYAmt |
| Total Liabilities Net Ast EOY | $49,958,822 | TotalLiabilitiesNetAstEOYAmt |
Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Net Ast Or Fund Balances BOY | $39,015,650 | TotNetAstOrFundBalancesBOYAmt |
| Excess Revenue Over Expenses | $12,929,825 | ExcessRevenueOverExpensesAmt |
| Other Increases | $0 | OtherIncreasesAmt |
| Subtotal | $51,945,475 | SubtotalAmt |
| Other Decreases | $2,175,167 | OtherDecreasesAmt |
| Tot Net Ast Or Fund Balances EOY | $49,770,308 | TotNetAstOrFundBalancesEOYAmt |
Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail
Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)
| PropertyPropertyDesc | How AcquiredHowAcquiredCd | AcquiredAcquiredDt | SoldSoldDt | Gross Sales PriceGrossSalesPriceAmt | Gain Or LossGainOrLossAmt | Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt |
|---|---|---|---|---|---|---|
| XRP - GAIN ON CONVERSION | D | 2012-09-01 | 2023-11-30 | $14,819,581 | $14,819,581 | $14,819,581 |
| FIRST REPUBLIC BANK | P | 2023-04-27 | 2023-06-30 | $14,583 | $14,583 | $14,583 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Capital Gain Net Income | $14,834,164 | CapitalGainNetIncomeAmt |
| Net Short Term Capital Gain Loss | $14,583 | NetShortTermCapitalGainLossAmt |
Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | $209,930 | InvestmentIncomeExciseTaxAmt |
| Tax Under Section511 | $0 | TaxUnderSection511Amt |
| Subtotal | $209,930 | SubtotalAmt |
| Subtitle A Tax | $0 | SubtitleATaxAmt |
| Tax Based On Investment Income | $209,930 | TaxBasedOnInvestmentIncomeAmt |
| Estimated Plus Ovpmt Incm Tx | $179,538 | EstimatedPlusOvpmtIncmTxAmt |
| Exempt Frgn Org Tax Wthld At Srce | $0 | ExemptFrgnOrgTaxWthldAtSrceAmt |
| Extsn Request Income Tax Paid | $50,000 | ExtsnRequestIncomeTaxPaidAmt |
| Backup Withholding Withheld | $0 | BackupWithholdingWithheldAmt |
| Total Payments And Credits | $229,538 | TotalPaymentsAndCreditsAmt |
| Es Penalty | $0 | EsPenaltyAmt |
| Overpayment | $19,608 | OverpaymentAmt |
| Applied To ES Tax | $19,608 | AppliedToESTaxAmt |
| Refund | $0 | RefundAmt |
Statements Regarding Acty StatementsRegardingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Legislative Political Acty | 0 | LegislativePoliticalActyInd |
| More Than100 Spent | 0 | MoreThan100SpentInd |
| Form1120 POL Filed | 0 | Form1120POLFiledInd |
| Section4955 Organization Tax | $0 | Section4955OrganizationTaxAmt |
| Section4955 Managers Tax | $0 | Section4955ManagersTaxAmt |
| Tax Reimbursed | $0 | TaxReimbursedAmt |
| Activities Not Previously Rpt | 0 | ActivitiesNotPreviouslyRptInd |
| Changes To Articles Or Bylaws | 0 | ChangesToArticlesOrBylawsInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Organization Dissolved Etc | 0 | OrganizationDissolvedEtcInd |
| Section508e Rqr Satisfied | Yes (1) | Section508eRqrSatisfiedInd |
| At Least5000 In Assets | Yes (1) | AtLeast5000InAssetsInd |
| Org Report Or Register State | CA | OrgReportOrRegisterStateCd |
| Form990 PF Filed With Atty Gen | Yes (1) | Form990PFFiledWithAttyGenInd |
| Private Operating Foundation | Yes (1) | PrivateOperatingFoundationInd |
| New Substantial Contributors | Yes (1) | NewSubstantialContributorsInd |
| Own Controlled Entity | 0 | OwnControlledEntityInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Comply With Public Insp Rqr | Yes (1) | ComplyWithPublicInspRqrInd |
| Website Address | HTTPS://LLCCF.ORG/ | WebsiteAddressTxt |
| Individual With Books | CHRISTIAN A LARSEN | IndividualWithBooksNm |
| Phone | 6507403518 | PhoneNum |
Location Of Books US Address LocationOfBooksUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1212 LOMBARD STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94104 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Accounts Question | 0 | ForeignAccountsQuestionInd |
Statements Regarding Acty4720 StatementsRegardingActy4720Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sale Or Exch Disqualified Prsn | 0 | SaleOrExchDisqualifiedPrsnInd |
| Brrw Or Lend Disqualified Prsn | 0 | BrrwOrLendDisqualifiedPrsnInd |
| Furn Goods Disqualified Prsn | 0 | FurnGoodsDisqualifiedPrsnInd |
| Pay Comp Disqualified Prsn | 0 | PayCompDisqualifiedPrsnInd |
| Transfer Ast Disqualified Prsn | 0 | TransferAstDisqualifiedPrsnInd |
| Payment To Government Official | 0 | PaymentToGovernmentOfficialInd |
| Uncorrected Prior Acts | 0 | UncorrectedPriorActsInd |
| Undistributed Income PY | 0 | UndistributedIncomePYInd |
| Business Holdings | 0 | BusinessHoldingsInd |
| Jeopardy Investments | 0 | JeopardyInvestmentsInd |
| Uncorrected PY Jeopardy Invst | 0 | UncorrectedPYJeopardyInvstInd |
| Influence Legislation | 0 | InfluenceLegislationInd |
| Influence Election | 0 | InfluenceElectionInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Noncharitable Purpose | 0 | NoncharitablePurposeInd |
| Transactions Fail To Qlfy As Exc | 0 | TransactionsFailToQlfyAsExcInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp
Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt | Employee Benefit ProgramEmployeeBenefitProgramAmt | Expense Account Other AllwncExpenseAccountOtherAllwncAmt |
|---|---|---|---|---|---|---|---|---|
| CHRISTIAN A LARSEN | ||||||||
| 2621 LARKIN STREET | SAN FRANCISCO | CA | 91409 | DIRECTOR SECRETARY | 30.00 | $0 | $0 | $0 |
| BORA LAM | ||||||||
| 4560 CROW CANYON PL | CASTRO VALLEY | CA | 94552 | TREASURER | 5.00 | $0 | $0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Comp Of Hghst Pd Empl Or NONE | NONE | CompOfHghstPdEmplOrNONETxt |
| Other Employee Paid Over50k | 0 | OtherEmployeePaidOver50kCnt |
Compensation Of Hghst Pd Cntrct CompensationOfHghstPdCntrctGrp (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Service TypeServiceTypeTxt | CompensationCompensationAmt |
|---|---|---|---|---|---|
| MICHAEL BRUNE | |||||
| 1276 CAROLINE ST | ALAMEDA | CA | 94501 | ENVIRONMENTAL ADVISORY | $701,356 |
| KEN KURSON | |||||
| 330 SUNNY ISLES BLVD PENTHOUSE 1 | SUNNY ISLES | FL | 33160 | ENVIRONMENTAL ADVISORY | $366,859 |
| DAVIS WRIGHT TREMAINE LLP | |||||
| 505 MONTGOMERY ST SUITE 800 | SAN FRANCISCO | CA | 94111 | LEGAL | $92,923 |
| FRANK RIMERMAN CO | |||||
| 1801 PAGE MILL RD 100 | PALO ALTO | CA | 94304 | ACCOUNTING | $50,850 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contractor Paid Over50k | 0 | ContractorPaidOver50kCnt |
Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description1 | THE FOUNDATION IS WORKING TO COMBAT CLIMATE CHANGE THROUGH THE SPREAD OF INFORMATION ON THE WEBSITE WWW.CLEANUPBITCOIN.COM. THE GOAL IS TO EDUCATE CURRENT AND FUTURE CRYPTOCURRENCY USERS OF THE POLLUTION CAUSED FROM TRADITIONAL BITCOIN MINING, WHICH CAN POTENTIALLY BE NEGATED THROUGH THE ALTERING OF THE BITCOIN CODE. THE FOUNDATION IS WORKING WITH THE EARTH GENOME AND FENTON ARLOOK TO CLEAN UP THE BITCOIN CODE. | Description1Txt |
| Expenses1 | $706,555 | Expenses1Amt |
| Description2 | THE FOUNDATION IS WORKING WITH CLIMEWORKS TO REDUCE THE CARBON FOOTPRINT AND TO REMOVE HISTORIC AMOUNTS OF EMISSIONS FROM THE AIR. CLIMEWORKS USES A TECHNOLOGY CALLED 'DIRECT AIR CAPTURE' TO CAPTURE CARBON DIOXIDE DIRECTLY FROM THE AIR. WHEN THE REMOVED AIR IS COMBINED WITH UNDERGROUND STORAGE, IT ALLOWS THE PERMANENT REMOVAL OF EXCESS AND LEGACY CO2 EMISSIONS, WHICH CAN NO LONGER CONTRIBUTE TO CLIMATE CHANGE. THE FOUNDATION HAS ORDERED 300 TONS OF CARBON DIOXIDE TO BE REMOVED FROM THE AIR AND PERMANENTLY STORED. | Description2Txt |
| Expenses2 | $193,750 | Expenses2Amt |
Sum Of Program Related Invst SumOfProgramRelatedInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Minimum Investment Return MinimumInvestmentReturnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Average Monthly FMV Of Sec | $1,633,470 | AverageMonthlyFMVOfSecAmt |
| Average Monthly Cash Balances | $3,605,106 | AverageMonthlyCashBalancesAmt |
| FMV All Other Noncharitable Ast | $3,717,517 | FMVAllOtherNoncharitableAstAmt |
| Total FMV Of Unused Assets | $8,956,093 | TotalFMVOfUnusedAssetsAmt |
| Reduction Claimed | $0 | ReductionClaimedAmt |
| Acquisition Indebtedness | $0 | AcquisitionIndebtednessAmt |
| Adjusted Total FMV Of Unused Ast | $8,956,093 | AdjustedTotalFMVOfUnusedAstAmt |
| Cash Deemed Charitable | $134,341 | CashDeemedCharitableAmt |
| Net Vl Noncharitable Assets | $8,821,752 | NetVlNoncharitableAssetsAmt |
| Minimum Investment Return | $441,088 | MinimumInvestmentReturnAmt |
Distributable Amount DistributableAmountGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Sect4942j3j5 Fndtn And Frgn Org | Yes (X) | Sect4942j3j5FndtnAndFrgnOrgInd |
PF Qualifying Distributions PFQualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | $2,114,052 | ExpensesAndContributionsAmt |
| Program Related Invst Total | $0 | ProgramRelatedInvstTotalAmt |
| Qualifying Distributions | $2,114,052 | QualifyingDistributionsAmt |
Private Operating Foundations PrivateOperatingFoundationsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Private Operating Fndtn Ruling | 2022-06-02 | PrivateOperatingFndtnRulingDt |
| Section4942j3 | Yes (X) | Section4942j3Ind |
Lessor Adj Net Incm Min Invst Ret LessorAdjNetIncmMinInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $284,173 | CurrentYearAmt |
| Year1 | $206,911 | Year1Amt |
| Year2 | $79,079 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $570,163 | TotalAmt |
Pct85 Lessor Adj Incm Or Min Ret Pct85LessorAdjIncmOrMinRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $241,547 | CurrentYearAmt |
| Year1 | $175,874 | Year1Amt |
| Year2 | $67,217 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $484,639 | TotalAmt |
Qualifying Distributions QualifyingDistributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,114,052 | CurrentYearAmt |
| Year1 | $10,949,875 | Year1Amt |
| Year2 | $35,323,860 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $48,387,787 | TotalAmt |
Qualifying Distri Not Used Drt QualifyingDistriNotUsedDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $0 | CurrentYearAmt |
| Year1 | $0 | Year1Amt |
| Year2 | $14,215,000 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $14,215,000 | TotalAmt |
Qualifying Distri Made Drt QualifyingDistriMadeDrtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $2,114,052 | CurrentYearAmt |
| Year1 | $10,949,875 | Year1Amt |
| Year2 | $21,108,860 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $34,172,787 | TotalAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $51,237,305 | CurrentYearAmt |
| Year1 | $37,375,589 | Year1Amt |
| Year2 | $39,226,743 | Year2Amt |
| Total | $127,839,637 | TotalAmt |
Total Assets Sect4942j3 Bi TotalAssetsSect4942j3BiGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $29,250,000 | CurrentYearAmt |
| Year1 | $29,250,000 | Year1Amt |
| Year2 | $20,500,000 | Year2Amt |
| Total | $79,000,000 | TotalAmt |
Two Thirds Minimum Invst Ret TwoThirdsMinimumInvstRetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Year | $294,059 | CurrentYearAmt |
| Year1 | $441,829 | Year1Amt |
| Year2 | $583,489 | Year2Amt |
| Year3 | $0 | Year3Amt |
| Total | $1,319,377 | TotalAmt |
Total Support TotalSupportGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Public Support Type PublicSupportType
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Largest Support From EO LargestSupportFromEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Gross Investment Income GrossInvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Supplementary Information SupplementaryInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributing Manager | CHRISTIAN A LARSEN | ContributingManagerNm |
| Only Contri To Preselected | Yes (X) | OnlyContriToPreselectedInd |
| Total Grant Or Contri Pd Dur Yr | $0 | TotalGrantOrContriPdDurYrAmt |
| Total Grant Or Contri Apprv Fut | $0 | TotalGrantOrContriApprvFutAmt |
Analysis Income Producing Acty AnalysisIncomeProducingActyGrp
Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $234,594 | ExclusionAmt |
Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 14 | ExclusionCd |
| Exclusion | $34,996 | ExclusionAmt |
Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Exclusion | 18 | ExclusionCd |
| Exclusion | $1,902,821 | ExclusionAmt |
Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Unrelated Business Taxbl Incm | $0 | UnrelatedBusinessTaxblIncmAmt |
| Exclusion | $2,172,411 | ExclusionAmt |
| Related Or Exempt Function Incm | $0 | RelatedOrExemptFunctionIncmAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Income Producing Acty | $2,172,411 | TotalIncomeProducingActyAmt |
Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trnsfr Of Cash To Nonchrtbl EO | 0 | TrnsfrOfCashToNonchrtblEOInd |
| Trnsfr Other Asset Nonchrtbl EO | 0 | TrnsfrOtherAssetNonchrtblEOInd |
| Sales Or Exchanges Of Assets | 0 | SalesOrExchangesOfAssetsInd |
| Purchase Of Assets Nonchrtbl EO | 0 | PurchaseOfAssetsNonchrtblEOInd |
| Rental Of Facilities Oth Assets | 0 | RentalOfFacilitiesOthAssetsInd |
| Reimbursement Arrangements | 0 | ReimbursementArrangementsInd |
| Loans Or Loan Guarantees | 0 | LoansOrLoanGuaranteesInd |
| Performance Of Services Etc | 0 | PerformanceOfServicesEtcInd |
| Sharing Of Facilities Etc | 0 | SharingOfFacilitiesEtcInd |
| Relationships Nonchrtbl EO | 0 | RelationshipsNonchrtblEOInd |
Schedule B IRS990ScheduleB
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization501c3 Exempt PF | Yes (X) | Organization501c3ExemptPFInd |
| General Rule | Yes (X) | GeneralRuleInd |
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CHRISTIAN A LARSEN | BusinessNameLine1Txt |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2621 LARKIN ST | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94109 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | $14,357,766 | TotalContributionsAmt |
| Noncash Contribution | Yes (X) | NoncashContributionInd |
Non Cash Property Contribution NonCashPropertyContributionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | 1 | ContributorNum |
| Noncash Property | 25,000,000 XRP | NoncashPropertyDesc |
| Fair Market Value | $14,357,766 | FairMarketValueAmt |
| Received | 2023-03-31 | ReceivedDt |
Accounting Fees Schedule AccountingFeesSchedule
Accounting Fees Detail AccountingFeesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | ACCOUNTING FEES | CategoryTxt |
| Amt | $50,850 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $50,850 | DisbursementsCharitablePrpsAmt |
Investments Govt Obligations Sch InvestmentsGovtObligationsSch
| Field | Value | IRS element (for citing) |
|---|---|---|
| US Govt Obligations Book Vl EOY | $5,029,152 | USGovtObligationsBookVlEOYAmt |
| US Govt Obligations EOYFMV | $5,029,152 | USGovtObligationsEOYFMVAmt |
| State Local Sec Book Vl EOY | $0 | StateLocalSecBookVlEOYAmt |
| State Local Sec EOYFMV | $0 | StateLocalSecEOYFMVAmt |
Investments Other Schedule2 InvestmentsOtherSchedule2
Investments Other InvestmentsOtherGrp (3 entries)
| Category Or ItemCategoryOrItemTxt | Listed At Cost Or FMVListedAtCostOrFMVCd | Book ValueBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN BLUE PLANET SYSTEMS | AT COST | $1,000,000 | $1,000,000 |
| INVESTMENT IN XRP | AT COST | $1,439,034 | $2,717,517 |
| INVESTMENT IN OMNI CONVERSION TECHNOLOGIES INC | AT COST | $3,144,468 | $3,144,468 |
Legal Fees Schedule LegalFeesSchedule
Legal Fees LegalFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | LEGAL FEES | CategoryTxt |
| Legal Fees | $92,923 | LegalFeesAmt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $92,923 | DisbursementsCharitablePrpsAmt |
Other Assets Schedule OtherAssetsSchedule
Other Assets Schedule OtherAssetsScheduleGrp (4 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt | EOYFMVEOYFMVAmt |
|---|---|---|---|
| INVESTMENT IN H-CYCLE LLC | $3,000,000 | $3,000,000 | $3,000,000 |
| INVESTMENT IN OMNI EQUIPMENT | $26,250,000 | $26,250,000 | $26,250,000 |
| INVESTMENT IN CARBONCURE TECHNOLOGY | $0 | $999,999 | $999,999 |
| INVESTMENT IN YARD STICK (ANGEL LIST) | $0 | $490,000 | $490,000 |
Other Decreases Schedule OtherDecreasesSchedule
Other Decreases Detail OtherDecreasesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PRIOR PERIOD NONTAXABLE ADJUSTMENT | Desc |
| Amt | $2,175,167 | Amt |
Other Expenses Schedule OtherExpensesSchedule
Other Expenses Schedule OtherExpensesScheduleGrp (11 entries)
| DescDesc | Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| BANK FEE | $50 | $0 | $0 | $50 |
| BITCOIN CHANGE THE CODE - BREAD AND ROSES | $67,000 | $0 | $0 | $67,000 |
| BITCOIN CHANGE THE CODE - FENTON ARLOOK | $300,000 | $0 | $0 | $300,000 |
| BITCOIN CHANGE THE CODE - FENTON EARTH | $44,700 | $0 | $0 | $44,700 |
| BITCOIN CHANGE THE CODE - BUYING TIME MEDIA | $240,000 | $0 | $0 | $240,000 |
| BITCOIN CHANGE THE CODE - MAKAI PB LLC | $54,600 | $0 | $0 | $54,600 |
| CLIMEWORKS - CO2 REMOVAL | $193,750 | $0 | $0 | $193,750 |
| BITCOIN CHANGE THE CODE - GODADDY | $255 | $0 | $0 | $255 |
| XRP IMPAIRMENT | $1,291,595 | $0 | $0 | $0 |
| DEFERRED EXCISE TAX | $12,610 | $0 | $0 | $0 |
| UNREALIZED GAIN | -$28,755 | $0 | $0 | $0 |
Other Liabilities Schedule OtherLiabilitiesSchedule
Other Liabilities Detail OtherLiabilitiesDetail (2 entries)
| DescDesc | BOY Book ValueBOYBookValueAmt | EOY Book ValueEOYBookValueAmt |
|---|---|---|
| DEFERRED FEDERAL EXCISE TAX | $50,509 | $38,110 |
| INCOME TAX PAYABLE | $0 | $150,404 |
Other Professional Fees Schedule OtherProfessionalFeesSchedule
Other Professional Fees Detail OtherProfessionalFeesDetail (3 entries)
| CategoryCategoryTxt | AmtAmt | Net Investment IncomeNetInvestmentIncomeAmt | Adjusted Net IncomeAdjustedNetIncomeAmt | Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt |
|---|---|---|---|---|
| ENVIRONMENTAL ADVISORY | $1,068,215 | $0 | $0 | $1,068,215 |
| INVESTMENT ADVISORY FEES | $1,817 | $908 | $0 | $909 |
| DEPARTMENT OF JUSTICE | $800 | $0 | $0 | $800 |
Substantial Contributors Sch SubstantialContributorsSch
Substantial Contributor Detail SubstantialContributorDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | CHRISTIAN A LARSEN | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2621 LARKIN STREET | AddressLine1Txt |
| City | SAN FRANCISCO | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 94109 | ZIPCd |
Taxes Schedule TaxesSchedule
Taxes Detail TaxesDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Category | FEDERAL EXCISE TAX | CategoryTxt |
| Amt | $209,942 | Amt |
| Net Investment Income | $0 | NetInvestmentIncomeAmt |
| Adjusted Net Income | $0 | AdjustedNetIncomeAmt |
| Disbursements Charitable Prps | $0 | DisbursementsCharitablePrpsAmt |
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