Civic Intelligence

Code Redd

990 • Fiscal year 2019 • EIN 46-0888828

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

242 Redwood HwyMill Valley, CA 94941

(202) 823-2712

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

100th percentile

27.09x

Higher debt load relative to assets than 100% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

87th percentile

1.08x

Higher debt load relative to revenue than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

95th percentile

67%

Higher net margin than 95% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

41st percentile

$30,000

Higher top officer pay than 41% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

1st percentile

-82%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

98th percentile

293%

Faster revenue growth than 98% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Assets

Down

$42,346

Down $191,946 (-82%) from 2018

Net Assets

Up

-$1,105,008

Up $709,762 (+39%) from 2018

Liabilities

Down

$1,147,354

Down $901,708 (-44%) from 2018

Revenue

Up

$1,062,950

Up $792,272 (+293%) from 2018

Expenses

Up

$353,189

Up $76,582 (+28%) from 2018

Net Income

Up

$709,761

Up $715,690 (+12071%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MAssets 2014: $101,453Liabilities 2014: $1,704,501Net Assets 2014: -$1,603,0482014Assets 2015: $162,743Liabilities 2015: $1,863,989Net Assets 2015: -$1,701,2462015Assets 2016: $61,716Liabilities 2016: $1,816,374Net Assets 2016: -$1,754,6582016Assets 2017: $47,758Liabilities 2017: $1,856,599Net Assets 2017: -$1,808,8412017Assets 2018: $234,292Liabilities 2018: $2,049,062Net Assets 2018: -$1,814,7702018Assets 2019: $42,346Liabilities 2019: $1,147,354Net Assets 2019: -$1,105,0082019Assets 2020: $120,435Liabilities 2020: $1,299,149Net Assets 2020: -$1,178,7142020Assets 2021: $141,439Liabilities 2021: $747,269Net Assets 2021: -$605,8302021Assets 2022: $100,483Liabilities 2022: $800,953Net Assets 2022: -$700,4702022Assets 2023: $119,514Liabilities 2023: $512,478Net Assets 2023: -$392,9642023

Highlighted filing

2019

Assets$42,346
Liabilities$1,147,354
Net Assets-$1,105,008

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2014: $661,551Expenses 2014: $558,387Net Income 2014: $103,1642014Revenue 2015: $873,996Expenses 2015: $973,414Net Income 2015: -$99,4182015Revenue 2016: $177,155Expenses 2016: $230,567Net Income 2016: -$53,4122016Revenue 2017: $147,789Expenses 2017: $201,972Net Income 2017: -$54,1832017Revenue 2018: $270,678Expenses 2018: $276,607Net Income 2018: -$5,9292018Revenue 2019: $1,062,950Expenses 2019: $353,189Net Income 2019: $709,7612019Revenue 2020: $312,113Expenses 2020: $385,819Net Income 2020: -$73,7062020Revenue 2021: $882,262Expenses 2021: $309,378Net Income 2021: $572,8842021Revenue 2022: $89,146Expenses 2022: $183,786Net Income 2022: -$94,6402022Revenue 2023: $641,636Expenses 2023: $331,630Net Income 2023: $310,0062023

Highlighted filing

2019

Revenue$1,062,950
Expenses$353,189
Net Income$709,761
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.0
Gross Receipts
$1,206,985
Mission and Program Overview

Mission

To support and scale the redd+ mechanism to realize its full potential to empower people, preserve forests, protect wildlife, and reduce emissions

To support and scale the redd+ mechanism to realize its full potential to empower people, preserve forests, protect wildlife, and reduce emissions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$55,757$28,831▼ $26,926
Accounts Receivable$176,130$13,515▼ $162,615
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Rtn Earn Endowment Incm Other Fnds$-1,814,768$-1,105,008▲ $709,760
Total Assets$234,292$42,346▼ $191,946
Other Assets Total$2,405$0▼ $2,405
Liabilities
Other Liabilities$1,847,423$980,000▼ $867,423
Accounts Payable and Accrued Expenses$201,637$167,354▼ $34,283
Total Liabilities$2,049,060$1,147,354▼ $901,706
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,814,768$-1,105,008▲ $709,760
Total Liabilities and Net Assets / Fund Balance$234,292$42,346▼ $191,946
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael R RadomirDirectorFT$30,000$30,000

Board Members and Trustees

NameTitle
Mike KorchinskyPresident
Brian McfarlandTrustee
Lisa WalkerTrustee
Sean KinghornTrustee
Cathy ZambranoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,193,758
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-130,808
All Other Contributions
$1,162,818
Change in Net Assets
$709,761
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$277,400
Salaries, Compensation, and Employee Benefits$75,789
Total Fundraising Expense$12,935
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$42,500-$42,500
Interest$11,052$11,052$11,052$33,156
Current Officers, Directors, Trustees, and Key Employees-$30,000-$30,000
Fees for Services Legal$20,998--$20,998
Information Technology$18,830--$18,830
Occupancy$10,242$6,828-$17,070
Fees for Services Accounting-$7,914-$7,914
Travel$6,992--$6,992
Office Expenses-$3,458-$3,458
Payroll Taxes-$3,289-$3,289
All Other Expenses$2,520--$2,520
Advertising$2,199--$2,199
Insurance$1,316$878-$2,194
Conferences and Meetings$1,950--$1,950
Other Expenses$3,415-$1,883$1,883
Total Functional Expenses$234,335$105,919$12,935$353,189
International Activity

International Summary

Spending
$137,462

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
South AmericaProgram ServicesProject Developer00$41,104
East Asia and the PacificProgram ServicesProgram Developer00$37,500
South AmericaProgram ServicesProject Developer00$20,491
South AmericaProgram ServicesProject Developer00$14,599
Sub Saharan AfricaProgram ServicesProject Developer00$11,150
East Asia and the PacificProgram ServicesProject Developer00$5,965
Sub Saharan AfricaProgram ServicesProject Developer00$5,489
South AmericaProgram ServicesProject Developer00$1,164
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan Payable$777,477
Loan Interest Payable$202,523
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

Code REDD Board Members primary function is oversight and goverance. Once the 990 is submitted a copy is available to all Board members upon their request. Board Members are updated on significant changes highlighted in the 990 at the subsequent Board Meeting after filing the 990.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Officers, directors or trustees and key employees did not participate in decisions in which they had a conflict of interest. They were not included in discussions at board meetings when a conflict of interest was present. This policy is documented in the code redd policy manual. Where conflict of interests arose, directors/trustees without conflicts were asked to judge measures necessary to remedy, and deemed none were necessary.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

No documents available to the public.

Form 990, Part VI, Section B, Line 12C

Officers, directors or trustees and key employees did not participate in decisions in which they had a conflict of interest. They were not included in discussions at board meetings when a conflict of interest was present. This policy is documented in the code redd policy manual. Where conflict of interests arose, directors/trustees without conflicts were asked to judge measures necessary to remedy, and deemed none were necessary

Filing and Contact Details

Filer

Filer Name
Code REDD
EIN
46-0888828
Phone
2028232712
Address
242 Redwood Hwy, Mill Valley, CA 94941

Signing Officer

Name
Michael Radomir
Title
Director
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Radomir
Formed
2012
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
0
Employees
1

Preparer

Firm
Belinda Gomez
Address
601 VAN NESS AVE STE E3524, San Francisco, CA 94102
Preparer
Belinda Gomez
Phone
4158235142
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: SPECIAL FOCUS COLOMBIA: We started an important new focus of our work related to Colombia (both regarding increasing domestic private sector/citizen support for Colombian REDD+ projects, and regional Spanish language world support for REDD+ projects globally, off the back of our Colombian work and Spanish language based work). A key element of this has been a partnership, under USAIDs BioREDD program, with 7 community managed REDD+ projects across the Pacific region of Colombia (6 Afro-Colombian led projects and 1 Indigenous led project). Consultations and strategy discussions were held with elected representatives for the communities. A 4 year plan was agreed to help them develop higher value support from regional and international supporters through the use of our Stand For Trees digital platform, and to set up a dedicated Colombian based Spanish language social media operation that will promote thir work domestically, regionally and internationally. The cooperation also was determined to develop a major video production towards the same objectives. The foundations of the 4 year plan were also successfully started in 2019, with video pre-production activities including an agreement with Colombias biggest band Bomba Estereo to be central to the video, with community meetings and site visits made with Bomba Estereo and key members of the film crew to research audio-visual logistics in the remote community and forest locations. Production/post production and release will be in 2020. Additionally, we established a key policy and research focus in Colombia, joining the Association of Colombian Carbon Market Actors (Asocarbono), and convinced the management and other members to create a working group for REDD+. We also participated in a number of meetings and conferences with that included different stakeholders such as Domestic Government Agencies, Indigenous Groups, International Donor Agencies, Business and other NGOs in order to deepen our engagement and understanding with the countrys efforts to reduce deforestation, for which Colombia has become recognized as a pioneer.

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IRS990/ProgSrvcAccomActy2Grp/Desc0RESEARCH AND POLICY ALIGNMENT: Code REDD continued in engagement in key forums for REDD+ and deforestation free landscapes such as the World Banks Forest Carbon Partnership Facility committee meetings and the Tropical Forest Alliance member meetings. We continue to research carbon market developments for REDD+ at both the project and jurisdictional scale, as well as the technical success and pitfalls of emerging jurisdictional standards. Work was started on 3 case studies for Ghana, the Democratic Republic of Congo and Colombia, for which the final reports will be published in 2020.
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IRS990/ProgSrvcAccomActy3Grp/Desc0PRIVATE SECTOR ENGAGEMENT: We continue to connect companies with our network of redd+ projects, and educate corporates about climate change policy & markets, with special focus on avoided deforestation & nature based solutions. We again increased the number of our business partnerships. We compiled data for 9 international regions, 60 countries, and all American, Australian, and Canadian states/territories for scope 1-3 emissions data, and finished the design phase for an online business footprint calculator to allow businesses of all sizes globally to conveniently analyze their greenhouse gas footprint and a range of options to counter their emissions. This will be coded and launched in 2020 as a program where business can qualify for digital badges, certifying their support for rural communities, wildlife, and forests, highlighting the actions they take in partnership with Stand For Trees to measure, limit internal emissions and offset any balance. The program will be able to be used by personal businesses, agencies, and other non-profits also
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: SPECIAL FOCUS COLOMBIA: We started an important new focus of our work related to Colombia (both regarding increasing domestic private sector/citizen support for Colombian REDD+ projects, and regional Spanish language world support for REDD+ projects globally, off the back of our Colombian work and Spanish language based work). A key element of this has been a partnership, under USAIDs BioREDD program, with 7 community managed REDD+ projects across the Pacific region of Colombia (6 Afro-Colombian led projects and 1 Indigenous led project). Consultations and strategy discussions were held with elected representatives for the communities. A 4 year plan was agreed to help them develop higher value support from regional and international supporters through the use of our Stand For Trees digital platform, and to set up a dedicated Colombian based Spanish language social media operation that will promote thir work domestically, regionally and internationally. The cooperation also was determined to develop a major video production towards the same objectives. The foundations of the 4 year plan were also successfully started in 2019, with video pre-production activities including an agreement with Colombias biggest band Bomba Estereo to be central to the video, with community meetings and site visits made with Bomba Estereo and key members of the film crew to research audio-visual logistics in the remote community and forest locations. Production/post production and release will be in 2020. Additionally, we established a key policy and research focus in Colombia, joining the Association of Colombian Carbon Market Actors (Asocarbono), and convinced the management and other members to create a working group for REDD+. We also participated in a number of meetings and conferences with that included different stakeholders such as Domestic Government Agencies, Indigenous Groups, International Donor Agencies, Business and other NGOs in order to deepen our engagement and understanding with the countrys efforts to reduce deforestation, for which Colombia has become recognized as a pioneer.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Code REDD Board Members primary function is oversight and goverance. Once the 990 is submitted a copy is available to all Board members upon their request. Board Members are updated on significant changes highlighted in the 990 at the subsequent Board Meeting after filing the 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OFFICERS, DIRECTORS OR TRUSTEES AND KEY EMPLOYEES DID NOT PARTICIPATE IN DECISIONS IN WHICH THEY HAD A CONFLICT OF INTEREST. THEY WERE NOT INCLUDED IN DISCUSSIONS AT BOARD MEETINGS WHEN A CONFLICT OF INTEREST WAS PRESENT. THIS POLICY IS DOCUMENTED IN THE CODE REDD POLICY MANUAL. WHERE CONFLICT OF INTERESTS AROSE, DIRECTORS/TRUSTEES WITHOUT CONFLICTS WERE ASKED TO JUDGE MEASURES NECESSARY TO REMEDY, AND DEEMED NONE WERE NECESSARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3No documents available to the public.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4OFFICERS, DIRECTORS OR TRUSTEES AND KEY EMPLOYEES DID NOT PARTICIPATE IN DECISIONS IN WHICH THEY HAD A CONFLICT OF INTEREST. THEY WERE NOT INCLUDED IN DISCUSSIONS AT BOARD MEETINGS WHEN A CONFLICT OF INTEREST WAS PRESENT. THIS POLICY IS DOCUMENTED IN THE CODE REDD POLICY MANUAL. WHERE CONFLICT OF INTERESTS AROSE, DIRECTORS/TRUSTEES WITHOUT CONFLICTS WERE ASKED TO JUDGE MEASURES NECESSARY TO REMEDY, AND DEEMED NONE WERE NECESSARY
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d: Other Program Services Description
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 12C
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