2023-11-15T15:20:10-06:00 2022-12-31 WITHUMSMITHBROWN PC 1411 BROADWAY 9TH FLOOR IRVINE CA 10018 990 2022-01-01 814308701 1ST STREET FOUNDATION INC % HELENA CRAWLEY 1STS 7185090074 215 Plymouth Street 3rd Floor BROOKLYN NY 11201 MATTHEW EBY EXECUTIVE DIRECTOR 9175022759 2023-11-15 true MATTHEW EBY 999009999 CATHERINE BENDALL CPA P00521196 2127519100 2023-11-15 2 2022 2023-04-26 12:10:37Z MATTHEW EBY 215 Plymouth Street 3rd Floor BROOKLYN NY 11201 7692421 false X www.firststreet.org X 2016 DC to Make climate risk accessible, easy to understand and actionable for individuals, governments, and industry. 3 1 37 0 0 8458500 6161495 268260 1530926 0 0 0 0 8726760 7692421 0 0 0 0 3868438 4607630 0 0 0 2606944 3292724 6475382 7900354 2251378 -207933 4623074 4391644 797254 773757 3825820 3617887 X FIRST STREET FOUNDATION'S MISSION IS TO MAKE CLIMATE RISK ACCESSIBLE, EASY TO UNDERSTAND AND ACTIONABLE FOR INDIVIDUALS, GOVERNMENTS, AND INDUSTRY. false false 5531003 1530926 Throughout the first half of 2022, the Foundation continued its partnership with the top academic and for-profit institutions in the field of wildfire, including the Pyregence Consortium, to create the first nationally available, high resolution, climate adjusted wildfire model that integrates information on fuels, wildfire weather, and ignition into a fire behavior model and applies that to every property parcel in the country. As the consumer facing website FloodFactor.com continued to gain traction in the beginning of 2022, the Foundation finalized its second major peril launch with the release of Fire Factor on May 16, 2022. Coinciding with that release, the Foundation's website migrated from FloodFactor.com to RiskFactor.com to account for the availability of multiple perils. Very quickly thereafter, the Foundation launched its third major climate peril in August 2022 with the release of Heat Factor. The Foundation enhanced and expanded its Flood Factor model to Version 2 and extended it beyond the contiguous United States to include Hawaii, Alaska and Puerto Rico. This was released in April 2022. Simultaneously, the Foundation began its work on developing its fourth climate peril, Wind Factor. The Foundation finalized a partnership NASA in September 2022, to enhance climate risk modeling, promote applied science research, and more effectively communicate the risks of a changing climate. Through this partnership, NASA began receiving access to the Foundation's data and insights into its methodologies and the two groups will work together to further improve physical models and risk products related to floods, fires, heat and other climate-driven hazards. The goals of the collaboration are to quantify economic impacts from climate and promote climate risk awareness to individuals, communities and government agencies. The Foundation released two national reports: (1) "Fueling the Flames" on May 16, 2022 highlighting that wildfire has become one of the most common and dangerous climate perils, increasingly spreading from heavily forested areas to more populous urban and suburban environments; and (2) "Hazardous Heat" on August 15, 2022 highlighting the prevalence of increasing extreme temperatures and dangerous heat wave events throughout the contiguous United States. In October 2022, the Foundation launched an enhanced version of its RiskFactor.com tool with the addition of enterprise-level data and hazard layers directly on the customer facing site, as well as the ability to interact with the tool to adjust damage and downtime day estimates in real time based on building specific property characteristics. The Foundation also finalized a partnership with Crexi and Compass, two leading real estate portal websites, to have the Risk Factor data fully integrated into their platforms for all on- and off-market listings. These integrations were extremely significant as they ensured that millions of Americans were exposed to flood risk data on a daily basis, ensuring Americans were now able to incorporate climate adjusted flood risk into their home buying and selling process. The Foundation also partnered with several government agencies in 2022 to provide them climate risk data for internal risk analysis and policy decision-making, including Fannie Mae, the Federal Reserve Board and all 12 banks, Freddie Mac and others. Lastly, the Foundation partnered with several financial institutions and private businesses to further communicate climate risk to citizens, industry and government. Some notable examples of these license arrangements include Anderson Optimization, Cypress Creek Renewables, KPMG, Morningstar, Fifth Third Bank, Norges, Nuveen and others. The Foundation's revenue from data license agreements increased approximate ten-fold between 2021 and 2022. 5531003 true true false false false false false false false false true false false false false true true false false false false false false false false false false false false true false false false false false true true true false false false false true false false false false true 14 0 37 true false false false false false true true false false false false false false X 3 1 false false false false false false false true true false false true true true true true true true false false NY X HELENA CRAWLEY 6464528848 215 PLYMOUTH STREET 3RD FLOOR BROOKLYN NY 11201 MATTHEW EBY PRESIDENT & EXECUTIVE DIRECTOR 60.0 0.0 X X 399282 0 9864 Edward Kearns Chief Data Officer 60.0 0.0 X 342469 0 9864 Sara Chadwick Head of Marketing 60.0 0.0 X 270433 0 9864 Dan Seripap Head of Engineering 60.0 0.0 X 199675 0 9864 MICHAEL AMODEO Head of Data Science 60.0 0.0 X 170612 0 9864 Jeremy Porter Head of Research & Development 60.0 0.0 X 150730 0 9864 Nathan Rosler Creative Director 60.0 0.0 X 138045 0 9864 PHILIP LUNDIE TREASURER 1.0 0.0 X X 0 0 0 KEITH PARDY BOARD MEMBER 1.0 0.0 X 0 0 0 1671246 0 69048 25 false true false RHODIUM GROUP 5 COLUMBUS CIRCILE SUITE 1801 NEW YORK NY 10019 DATA LICENSING FEES 100444 LIGHTBOX PARENT LP 6 ARMSTRONG RD 4TH FLOOR SHELTON CT 06484 DATA LICENSING FEES 259654 WORKANDCO INTERNATIONAL INC 231 FRONT ST FLOOR 5 BROOKLYM NY 11201 SOFTWARE ENGINEERING 211500 SPATIAL INFORMATICS GROUP 2529 YOLANDA CT PLEASANTON CA 94566 SOFTWARE ENGINEERING 1256529 4 6161495 6161495 SUBSCRIPTION SALES 541990 1530926 1530926 1530926 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7692421 1530926 0 0 0 0 761480 525651 235829 0 0 3140003 2011108 1128895 0 152556 99161 53395 0 278076 162359 115717 0 275515 190893 84622 0 0 54412 784 53628 0 92619 0 92619 0 0 0 0 670898 670898 0 37354 37354 0 0 224505 146590 77915 0 857960 772165 85795 0 0 188348 130499 57849 0 83678 57977 25701 0 0 25990 295 25695 0 0 0 1011846 701068 310778 0 34929 24201 10728 0 MISCELLANEOUS 10185 0 10185 7900354 5531003 2369351 0 1338516 80685 0 0 953500 1559441 82088 352894 0 0 0 0 0 0 0 0 44491 62055 4028160 1713191 2180629 2314969 0 0 0 0 0 0 0 0 23850 21600 4623074 4391644 439921 215527 0 0 357333 558230 0 0 0 0 0 0 0 0 0 0 0 0 797254 773757 X 2872320 2058446 953500 1559441 3825820 3617887 4623074 4391644 -207933 X X false true X true false X 3750000 4550000 6942000 8458500 6161495 29861995 0 0 3750000 4550000 6942000 8458500 6161495 29861995 1302760 28559235 0 0 0 29861995 2274789 0.95637 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 551014 59678 491336 3477146 1653513 1823633 2314969 0 0 X 7697088 4667 4667 7692421 7692421 7905021 4667 4667 7900354 7900354 PART X, LINE 2: 1ST STREET FOUNDATION INC BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS. X X X false false false false false false false false false MATTHEW EBY PRESIDENT & EXECUTIVE DIRECTOR 399282 0 0 0 9864 409146 Sara Chadwick Head of Marketing 238604 31829 0 0 9864 280297 Dan Seripap Head of Engineering 181275 18400 0 0 9864 209539 Edward Kearns Chief Data Officer 342469 0 0 0 9864 352333 Jeremy Porter Head of Research & Development 150730 0 0 0 9864 160594 MICHAEL AMODEO Head of Data Science 155823 14789 0 0 9864 180476 Anthro Digital LLC vendor 145168 rent and utilities false Pardy Natalie family with Keith Pardy 57390 employee services false SCH L, PART IV, BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS The President and Executive of the Organization is a related party to both a company and a non-profit organization that the Organization has expense sharing agreements with. Shared expenses for rent and utilities were $145,168 for the year ended December 31, 2022. FORM 990, PART VI, SECTION B, LINE 15A: COMPARABLE SALARIES OF OTHER RELATED NON-PROFITS WERE COMPILED AND VOTED ON BY THE BOARD OF DIRECTORS WITHOUT THE EXECUTIVE DIRECTOR'S VOTE. FORM 990, PART VI, SECTION B, LINE 11: A DRAFT OF FORM 990 IS SENT TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. FORM 990, PART VI, SECTION C, LINE 19: FORM 990 WILL BE AVAILABLE ONLINE AT WWW.GUIDESTAR.ORG AND WWW.ag.ny.gov. ALL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: THE BOARD OF DIRECTORS OVERSIGHTS THE AUDIT. FORM 990, PART V, LINE 2A: THE FIRM USES gusto (TRINET HR III, INC.) AS THEIR PEO ON THEIR W-2s. Risk Factor LLC 215 PLYMOUTH STREET 3RD FLOOR brooklyn NY 11201 851947511 licensing DE 1524156 365772 1st street SCH R PART I: On February 14, 2020, the Organization formed a wholly owned subsidiary, Risk Factor, LLC (the "Subsidiary"), as a Delaware limited liability company. The Subsidiary was formed to explore the licensing of intellectual property created by the Organization.