Civic Intelligence

Code Redd

990 • Fiscal year 2020 • EIN 46-0888828

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 06, 2021

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

10.79x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

96th percentile

4.16x

Higher debt load relative to revenue than 96% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

15th percentile

-24%

Higher net margin than 15% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

57th percentile

$22,000

Higher top officer pay than 57% of similar nonprofits.

Top officer pay equals 7.0% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

94th percentile

184%

Faster asset growth than 94% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

4th percentile

-71%

Faster revenue growth than 4% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$120,435

Up $78,089 (+184%) from 2019

Net Assets

Down

-$1,178,714

Down $73,706 (-6.7%) from 2019

Liabilities

Up

$1,299,149

Up $151,795 (+13%) from 2019

Revenue

Down

$312,113

Down $750,837 (-71%) from 2019

Expenses

Up

$385,819

Up $32,630 (+9.2%) from 2019

Net Income

Down

-$73,706

Down $783,467 (-110%) from 2019

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

2020

Assets$120,435
Liabilities$1,299,149
Net Assets-$1,178,714

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

2020

Revenue$312,113
Expenses$385,819
Net Income-$73,706
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 6, 2021
Return Version
2020v4.0
Gross Receipts
$566,843
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$28,831$95,235▲ $66,404
Accounts Receivable$13,515$25,200▲ $11,685
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-$0-
Rtn Earn Endowment Incm Other Fnds$-1,105,008$-1,178,714▼ $73,706
Total Assets$42,346$120,435▲ $78,089
Other Assets Total-$0-
Liabilities
Other Liabilities$980,000$1,123,847▲ $143,847
Accounts Payable and Accrued Expenses$167,354$175,302▲ $7,948
Total Liabilities$1,147,354$1,299,149▲ $151,795
Net Assets / Fund Balance
Total Net Assets Fund Balance$-1,105,008$-1,178,714▼ $73,706
Total Liabilities and Net Assets / Fund Balance$42,346$120,435▲ $78,089
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael R RadomirExecutive DirectorFT$22,000$22,000

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$491,069
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-178,956
All Other Contributions
$491,069
Change in Net Assets
$-73,706
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$342,422
Salaries, Compensation, and Employee Benefits$43,397
Total Fundraising Expense$17,008
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Information Technology$50,709--$50,709
Current Officers, Directors, Trustees, and Key Employees$15,456$22,000-$37,456
Advertising$17,009-$17,008$34,017
Fees for Services Legal$33,940--$33,940
Fees for Services Management-$21,872-$21,872
Fees for Services Accounting-$14,904-$14,904
Occupancy$8,137$5,424-$13,561
Travel$9,633--$9,633
Payroll Taxes$1,539$3,299-$4,838
Office Expenses-$4,060-$4,060
All Other Expenses-$1,706-$1,706
Other Expenses$1,685$2,773-$1,685
Other Employee Benefits$1,103--$1,103
Interest-$58-$58
Total Functional Expenses$292,715$76,096$17,008$385,819
International Activity

International Summary

Spending
$137,410

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
Sub Saharan AfricaProgram ServicesProgram Developer00$44,192
Sub Saharan AfricaProgram ServicesProject Developer00$29,898
South AmericaProgram ServicesProject Developer00$10,708
East Asia and the PacificProgram ServicesProject Developer00$10,672
East Asia and the PacificProgram ServicesProgram Developer00$10,646
Sub Saharan AfricaProgram ServicesProject Developer00$9,517
Sub Saharan AfricaProgram ServicesProject Developer00$7,775
Sub Saharan AfricaProgram ServicesProgram Developer00$6,991
South AmericaProgram ServicesProject Developer00$3,873
South AmericaProgram ServicesProject Developer00$3,138
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
Liabilities_Other$1,123,847
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
Executive Director
Signed
2021-08-06
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
2

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/PrincipalOfficerNm0MICHAEL RADOMIR
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IRS990/ProgSrvcAccomActy2Grp/Desc0PUBLIC ENGAGEMENT : We continued to develop our online platform standfortrees.org, and supporting social media, to engage and empower individuals on deforestation and climate change. We added additional language versions of Spanish and Portguese for the website, and added Spanish language social media channels. We continued to produce innovative and high quality digital content, with an important documentary release ?Sonic Forest? that was supported by a short form video and special outreach campaign. Although successful the Covid-19 pandemic led to a difficult operating environment and held back performance.
IRS990/ProgSrvcAccomActy3Grp/Desc0POLICY RESEARCH: We continued to engage with policy makers and other environmental groups, about best practices for avoided deforestation projects. Particular focus areas where the coordination of government and local/community owned programs, the establishment and revision of deforestation reference levels and data analysis. A formal report on best practises was started, focused on 3 case studies of Colombia, the Democratic Republic of Congo and Ghana,with stakeholder engagement from both local country parties and international experts. The report is due for release in Q2 2021.
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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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