2022-11-11T10:04:45-05:00 2021-12-31 251644159 BROWN SCHULTZ SHERIDAN & FRITZ 205 EAST MAIN STREET WESTMINSTER MD 21157 990 2021-01-01 200231609 CARBONFUNDORG FOUNDATION INC CARB 2402470630 853 MAIN STREET EAST AURORA NY 14052 SUZANNE KAUFMAN FINANCE MANAGER 2402470630 2022-08-23 true SUZANNE KAUFMAN XXX-XX-XXXX WANDA K LYNN CPA P00726749 4108763990 2022-08-23 2021 2022-09-23 18:48:47Z ERIC CARLSON 853 MAIN STREET EAST AURORA NY 14052 22264084 false X CARBONFUND.ORG X 2003 DE REDUCING THE IMPACT OF CLIMATE CHANGE THROUGH REDUCTION OF CO2 EMISSIONS, ENVIRONMENTAL EDUCATION, RENEWABLE AND EFFICIENT ENERGY, AND FORESTRY PROJECTS FOR A CLEANER AND HEALTHIER ENVIRONMENT. 4 3 8 0 3622874 7432475 72593 151497 224291 562442 979992 4336813 8709351 311491 0 1301974 2774129 0 85684 1441926 2461402 2743900 5547022 1592913 3162329 15899226 24217627 661854 4083224 15237372 20134403 X OUR MISSION IS TO REDUCE THE IMPACT OF CLIMATE CHANGE THROUGH THE REDUCTION OF CARBON DIOXIDE EMISSIONS, EDUCATE THE PUBLIC ABOUT THE ISSUES OF CLIMATE CHANGE, SUPPORT RENEWABLE ENERGY, ENERGY EFFICIENCY, AND FORESTRY PROJECTS, AND SEEK WAYS TO HAVE A CLEANER AND HEALTHIER ENVIRONMENT. false true 4659429 72593 CARBONFUND.ORG SUPPORTED THE REDUCTION OF CARBON OFFSETS, THE PLANTING OF TREES, IN ADDITION TO SUPPORTING NUMEROUS CARBONFREE CERTIFIED PRODUCTS, WATER RESTORATION CREDITS, AND RENEWABLE ENERGY CERTIFICATES. 395464 311491 CAMP QUINEBARGE IN MOULTONBOROUGH, NEW HAMPSHIRE FOCUSES ON HELPING CHILDREN DEVELOP AN APPRECIATION FOR NATURE, THE ENVIRONMENT AND THE OUTDOORS, ALONG WITH AN ACTIVE LIFESTYLE. THE CAMP WAS SOLD IN APRIL 2021, PRIOR TO ITS OPENING. IT WAS EFFECTIVELY CLOSED AND IN PLANNING AND SET UP MODE DURING JANUARY THROUGH APRIL 2021. CARBONCO, A WHOLLY-OWNED SUBSIDIARY OF THE FOUNDATION, CONTINUED TO ADVISE AND ASSIST WITH THE IMPLEMENTATION OF FOUR REDD+ CARBON REDUCTION PROJECTS IN THE ACRE, BRAZIL, HELPING TO PRESERVE 750,000 ACRES, VERIFYING THE CARBON REDUCTIONS, ALONG WITH THE COMMUNITY AND BIODIVERSITY BENEFITS TO THE HIGHEST INTERNATIONAL STANDARDS, INCLUDING VCS AND CCBS WITH GOLD LEVEL DISTINCTION. 5054893 true true false true false false false false false false true false false false false true true false false false true false false false false false false true false true false false false false true false false true true false false false true false false false false true 14 0 true 8 true false false false false false false false false false false false false false false X 4 3 false false false false false false false true true false false true true true true true true true true false AK AL AR CA CO CT DC FL GA HI IL KS KY MA MD ME MI MN NC NH NJ NM NY OH OK OR PA RI SC TN UT VA WA WI WV X X X SUZANNE KAUFMAN FINANCE MANAGER 2402470630 853 MAIN STREET EAST AURORA NY 14052 ERIC CARLSON PRESIDENT 45.00 X X 600179 0 33980 BRIAN MCFARLAND SR. VP OF PR 40.00 X 307003 0 7821 JARETT EMERT VP OF PARTNE 40.00 X 268808 0 21210 LINDA KELLY VP OF PARTNE 40.00 X 225012 0 17596 SUZANNE KAUFMAN FINANCE MANA 29.00 X 69005 0 0 MARK REES DIRECTOR 2.00 X 0 0 0 W PAUL ROWLAND CHAIRMAN 4.00 X X 0 0 0 REED SPELLMAN TREASURER 2.00 X X 0 0 0 1470007 80607 4 false true false OSTRYA CONSERVATION INC PO BOX 153 SCOTTSVILLE VA 24590 VERIFICATION 180500 KLEINJOHNSON GROUP LLC 923 15TH STREET NW SIXTH FLOOR WASHINGTON DC 20005 LOBBYING 106250 ANDREW T FANARA 3314 SW HINDS STREET SEATTLE WA 98126 CONSULTING 105000 CAMP PROFILES LLC 829 STUDIOS 300 MASSACHUSETTS AVE BOSTON MA 02155 WEBSITE 102600 4 356554 7075921 130040 7432475 CARBONFREE PRODUCT FEES 519100 72593 72593 72593 208146 208146 500007 427445 483862 427445 16145 16145 16145 13591122 12643426 947696 947696 MISCELLANEOUS INCOME 900099 32296 32296 32296 8709351 1052585 224291 311491 311491 1278759 1142766 81597 54396 1314111 1314111 23058 23058 68985 68985 89216 84829 2632 1755 64348 64348 32235 32235 136250 136250 256708 101199 155509 105210 103330 1880 8026 8026 92532 45464 24277 22791 998 998 22385 4837 17548 46051 45988 63 15986 6119 9867 SUPPORT OF CARBON OFFSET 1660062 1660062 LICENSES AND PERMITS 14087 366 6979 6742 MISCELLANEOUS EXPENSES 6043 4758 1285 CAMP Q ACTIVITIES & MEALS 209 209 272 73 199 5547022 5054893 406445 85684 1842194 4707853 295574 192250 379187 28539 2380842 1097134 3129409 2940 2373 1547 567 11930120 13574297 84423 45472 427445 15899226 24217627 176784 4083224 306218 178852 661854 4083224 X 13722581 17853501 1514791 2280902 15237372 20134403 15899226 24217627 X 3162329 1789867 -55165 X false true X false false X 2006578 2280871 3645107 3622874 7432475 18987905 2006578 2280871 3645107 3622874 7432475 18987905 1152280 17835625 136672 154833 173756 144367 208146 817774 8110 56550 64660 19870339 19498114 0.89760 0.84880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 136250 false false 136250 false SCHEDULE C, PART II-B, LINE 1 CARBONFUND.ORG FOUNDATION, INC. WORKED WITH AN INDEPENDENT CONSULTING GROUP TO OBTAIN INSIGHT INTO LEGISLATION AND REGULATIONS REGARDING CARBON CREDITS AND ENVIRONMENTAL ISSUES. THE GROUP ALSO HAS HELPED THE ORGANIZATION COMMUNICATE THEIR MESSAGE TO KEY DECISION MAKERS, IN TERMS OF PROMOTING CLIMATE CHANGE MITIGATION AND THE SPECIFIC ROLE CARBON REDUCTION CAN PLAY IN THE EFFORTS. 2940 2373 567 567 X 10499218 1789867 1789867 8709351 8709351 5602187 55165 55165 5547022 5547022 SCHEDULE D, PAGE 3, PART X THE FOUNDATION IS INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE AS A NONPROFIT ORGANIZATION. THE FOUNDATION HAS ELECTED UNDER PROVISIONS OF INTERNAL REVENUE CODE SECTION 501(C)(3) AND STATE INCOME TAX STATUES TO BE EXCLUDED FROM TAXES ON EXEMPT FUNCTION INCOME. IN ADDITION, THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B) (1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THEREFORE, NO PROVISION IS MADE FOR TAXES ON INCOME. THE SUBSIDIARY HAS ELECTED UNDER THE INTERNAL REVENUE CODE TO BE TAXED AS A DISREGARDED ENTITY FOR FEDERAL AND STATE INCOME TAX PURPOSES. AS A DISREGARDED ENTITY, ITS EXISTENCE WILL BE IGNORED FOR FEDERAL INCOME TAX PURPOSES AND ALL OF THE PROFITS, LOSSES, CREDITS AND DEDUCTIONS OF THE ENTITY ARE PASSED THROUGH TO THE FOUNDATION. THEREFORE, NO PROVISION OR LIABILITY FOR FEDERAL INCOME TAXES HAS BEEN INCLUDED IN THESE CONSOLIDATING FINANCIAL STATEMENTS. THE FOUNDATION FILES TAX RETURNS FOR UNRELATED BUSINESS INCOME AS NECESSARY. THE FOUNDATION AND SUBSIDIARY GENERALLY HAVE NO SOURCES OF UNRELATED BUSINESS INCOME AS THE SUBSIDIARY'S ACTIVITIES RELATE TO THE EXEMPT PURPOSE OF THE FOUNDATION. FOR THE YEARS ENDED DECEMBER 31, 2021 AND 2020, THE FOUNDATION INCURRED NO INCOME TAX EXPENSE. SCHEDULE D, PAGE 4, PART XII, LINE 2D IMPAIRMENT LOSS 40,804 LOSS ON UNCOLLECTIBLE PLEDGES 14,361 SOUTH AMERICA 1 PROGRAM SERVICES CARBON CREDIT PROD. 11925127 1 1 11925127 11925127 false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 3 SOUTH AMERICA 11,925,127 0 true CAMP QUINEBARGE LLC PO BOX 608 CENTER HARBOR NH 03226 844480138 311491 COVID-19 SUPPORT 1 X X false false false false false true false true false ERIC CARLSON PRESIDENT 411978 188201 11600 22380 634159 BRIAN MCFARLAND SR. VP OF PROJECTS 235000 72003 7821 314824 JARETT EMERT VP OF PARTNERSHIPS 204491 64317 4970 16240 290018 LINDA KELLY VP OF PARTNERSHIPS 208052 16960 7762 9834 242608 SCHEDULE J, PAGE 1, PART I, LINE 6A DURING 2021, THE BOARD OF CARBONCO, LLC ADOPTED SHORT-TERM AND LONG-TERM INCENTIVE PLANS FOR THE PRESIDENT, EXECUTIVE VICE PRESIDENT OF CARBON PROJECTS & ORIGINATION, AND SENIOR VICE PRESIDENT OF CLIMATE STRATEGY & PARTNERSHIPS/CONSERVATION INVESTMENTS. THESE PLANS WERE ADOPTED TO ALIGN THE INTERESTS OF EMPLOYEES WITH CARBONCO'S BUSINESS PLAN, FOCUS OF ACHIEVEMENT OF LONG-TERM PROFITABLE GROWTH OF THE BUSINESS, CREATE A FAIR AND MEASURABLE COMPENSATION MODEL FOR REWARDING LONG-TERM PERFORMANCE THAT WILL EFFECTIVELY REWARD AND RETAIN KEY TALENT, PROVIDE ECONOMIC VALUE TO PARTICIPANTS TO HELP CREATE LONG-TERM WEALTH, AND CREATE STRONG ALIGNMENT BETWEEN MANAGEMENT AND STAKEHOLDERS WITH A FOCUS ON LONG-TERM VALUE CREATION. PARTICIPANTS SALARIES ARE TIED TO CERTAIN PERFORMANCE BENCHMARKS OF CARBONCO, LLC, INCLUDING NET EARNINGS OF CARBONCO, LLC. KORN FERRY WAS ENGAGED TO PERFORM A STUDY AND PROVIDE A COMPENSATION ANALYSIS AND PLAN TO THE BOARD. SCHEDULE J, PAGE 1, PART I, LINE 7 ALL EMPLOYEES ARE ELIGIBLE TO RECEIVE BONUSES ANNUALLY. THESE BONUSES ARE DETERMINED BY THE PRESIDENT, WHILE THE PRESIDENT'S BONUS IS DETERMINED BY THE BOARD. SCHEDULE J, PART III THE FOLLOWING FIGURES REPRESENT AMOUNTS REPORTED ON SCHEDULE J WHICH WERE REIMBURSED BY CARBONCO, LLC, A DISREGARDED ENTITY OF CARBONFUND.ORG FOUNDATION, FOR RELATED WORK PERFORMED: ERIC CARLSON: BASE - 120,269; BONUS - 188,201 BRIAN MCFARLAND: BASE - 59,797; BONUS - 53,203 JARETT EMERT: BASE - 31,283; BONUS - 47,437 CAMP QUINEBARGE LLC OWNED BY PRESIDENT 311491 COVID-19 RELIEF EDUCATION CAMP QUINEBARGE LLC OWNED BY PRES 427445 SALE OF CAMP Q false SCHEDULE L, PART V IN THE SALE OF CAMP QUINEBARGE, IT WAS IMPORTANT TO THE BOARD OF DIRECTORS THAT THE MISSION OF THE CAMP BE MAINTAINED. THE SALE WAS STRUCTURED TO BE MADE AT ARM'S LENGTH. THIS WAS DONE BY HAVING AN INDEPENDENT THIRD PARTY VALUATION PERFORMED TO DETERMINE THE SALES PRICE AND WAS OVERSEEN BY THE ORGANIZATION'S ATTORNEY. THE TRANSACTION ALSO INCLUDES A PROFIT SHARE FOR THE ORGANIZATION FOR THREE YEARS AFTER THE SALE. X 7 130040 TRADING PRICE false false false FORM 990 - ORGANIZATION'S MISSION OUR MISSION IS TO REDUCE THE IMPACT OF CLIMATE CHANGE THROUGH THE REDUCTION OF CARBON DIOXIDE EMISSIONS, EDUCATE THE PUBLIC ABOUT THE ISSUES OF CLIMATE CHANGE, SUPPORT RENEWABLE ENERGY, ENERGY EFFICIENCY, AND FORESTRY PROJECTS, AND SEEK WAYS TO HAVE A CLEANER AND HEALTHIER ENVIRONMENT. FORM 990, PAGE 2, PART III, LINE 3 THE FOUNDATION SOLD THE ASSETS AND RELATED OPERATIONS OF CAMP QUINEBARGE DURING 2021. THE ORGANIZATION HAS NO PLANS TO CONTINUE A SIMILAR PROGRAM IN THE FUTURE. FORM 990, PAGE 6, PART VI, LINE 11B THE DRAFT 990 IS REVIEWED IN DETAIL BY THE FINANCE MANAGER, TREASURER, PRESIDENT, AND THE BOARD OF DIRECTORS BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE FOUNDATION ADDRESSES CONFLICTS OF INTEREST ON A REGULAR BASIS FOR BOTH THE GOVERNING BODY AS WELL AS EMPLOYEES. THIS IS TYPICALLY DONE DURING SENIOR MANAGEMENT AND BOARD MEETINGS, AND IN ACCORDANCE WITH THE FOUNDATIONS WRITTEN CONFLICT OF INTEREST POLICY AND PROCEDURES. BOARD MEMBERS ARE ASKED TO EXCUSE THEMSELVES FROM A DISCUSSION OR VOTE IF THERE IS A CONFLICT OF INTEREST. ALL NEW EMPLOYEES ARE REQUIRED TO READ THE EMPLOYEE HANDBOOK AND ACKNOWLEDGE THE RECEIPT OF IT BY SIGNING IT. THE HANDBOOK CONTAINS THE CONFLICT OF INTEREST POLICY. THE BOARD OF DIRECTORS AND EMPLOYEES ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST POLICY EACH YEAR. FORM 990, PAGE 6, PART VI, LINE 15A THE SALARY OF THE PRESIDENT OF THE ORGANIZATION IS DETERMINED USING AN INDEPENDENT COMPENSATION CONSULTANT, KORN FERRY, WHO DETERMINES A SALARY RANGE BASED ON LIKE WORK PERFORMED AT LIKE COMPANIES (FOR PROFIT AND NONPROFIT), AND IN LIKE CIRCUMSTANCES, PER IRS GUIDELINES. THE BOARD IS RESPONSIBLE FOR SETTING THE SALARY WITHIN THIS RANGE. FORM 990, PAGE 6, PART VI, LINE 15B THE SALARY OF THE OFFICERS AND TOP MANAGEMENT OFFICIALS OF THE ORGANIZATION IS DETERMINED USING AN INDEPENDENT COMPENSATION CONSULTANT, KORN FERRY, WHO DETERMINES A SALARY RANGE BASED ON LIKE WORK PERFORMED AT LIKE COMPANIES (FOR PROFIT AND NONPROFIT), AND IN LIKE CIRCUMSTANCES, PER IRS GUIDELINES. THE PRESIDENT IS RESPONSIBLE FOR SETTING EACH OF THE APPROPRIATE SALARIES WITHIN THIS RANGE. FORM 990, PAGE 6, PART VI, LINE 17 MASSACHUSETTS, MARYLAND, MAINE, MICHIGAN, MINNESOTA, NORTH CAROLINA, NEW HAMPSHIRE, NEW JERSEY, NEW MEXICO, NEW YORK, OHIO, OKLAHOMA, OREGON, PENNSYLVANIA, RHODE ISLAND, SOUTH CAROLINA, TENNESSEE, UTAH, VIRGINIA, WASHINGTON, WISCONSIN, WEST VIRGINIA FORM 990, PAGE 6, PART VI, LINE 19 THE FOUNDATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE UPON REQUEST. THE FOUNDATION'S FINANCIAL STATEMENTS ARE AVAILABLE ON THEIR WEBSITE AS WELL AS UPON REQUEST. FORM 990, PART XI, LINE 9 IMPAIRMENT LOSS ON CAMP Q -40,804 LOSS ON UNCOLLECTIBLE PLEDGES -14,361 TOTAL -55,165 CARBONCO LLC 853 MAIN STREET EAST AURORA NY 14052 275046022 CONSULTING DE 981113 8661320 CARBONFUND CARBONFUNDORG FOUNDATION INC