Civic Intelligence

Greenstand

990 • Fiscal year 2020 • EIN 47-3150283

Jan 01, 2020 to Dec 31, 2020 • Filed on Aug 15, 2021

721 Depot DriveAnchorage, AK 99501

(907) 342-2624

Siviq Scores

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

Liabilities / Assets

94th percentile

1.02x

Higher debt load relative to assets than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

87th percentile

0.33x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

75th percentile

26%

Higher net margin than 75% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

99th percentile

7189%

Faster asset growth than 99% of similar nonprofits.

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

Revenue Growth

99th percentile

1481%

Faster revenue growth than 99% of similar nonprofits.

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

Assets

Up

$58,899

Up $58,091 (+7189%) from 2019

Net Assets

Up

-$1,041

Up $47,277 (+98%) from 2019

Liabilities

Up

$59,940

Up $10,814 (+22%) from 2019

Revenue

Up

$180,378

Up $168,971 (+1481%) from 2019

Expenses

Up

$133,101

Up $69,310 (+109%) from 2019

Net Income

Up

$47,277

Up $99,661 (+190%) from 2019

Historical Trend

Balance Sheet Trend

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

$200K$100K$0-$100K-$200KAssets 2015: $58Net Assets 2015: $582015Assets 2016: $3,609Net Assets 2016: $3,6092016Assets 2017: $1,077Liabilities 2017: $0Net Assets 2017: $1,0772017Assets 2018: $4,166Liabilities 2018: $100Net Assets 2018: $4,0662018Assets 2019: $808Liabilities 2019: $49,126Net Assets 2019: -$48,3182019Assets 2020: $58,899Liabilities 2020: $59,940Net Assets 2020: -$1,0412020Assets 2021: $107,295Liabilities 2021: $95,549Net Assets 2021: $11,7462021Assets 2022: $31,830Liabilities 2022: $145,269Net Assets 2022: -$113,4392022Assets 2023: $19,821Liabilities 2023: $189,817Net Assets 2023: -$169,9962023Assets 2024: $15,500Liabilities 2024: $174,144Net Assets 2024: -$158,6442024

Highlighted filing

2020

Assets$58,899
Liabilities$59,940
Net Assets-$1,041

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2015: $4,220Expenses 2015: $4,162Net Income 2015: $582015Revenue 2016: $4,220Expenses 2016: $669Net Income 2016: $3,5512016Revenue 2017: $8,865Expenses 2017: $11,397Net Income 2017: -$2,5322017Revenue 2018: $28,270Expenses 2018: $25,281Net Income 2018: $2,9892018Revenue 2019: $11,407Expenses 2019: $63,791Net Income 2019: -$52,3842019Revenue 2020: $180,378Expenses 2020: $133,101Net Income 2020: $47,2772020Revenue 2021: $301,676Expenses 2021: $288,889Net Income 2021: $12,7872021Revenue 2022: $1,072,377Expenses 2022: $1,197,562Net Income 2022: -$125,1852022Revenue 2023: $734,252Expenses 2023: $789,731Net Income 2023: -$55,4792023Revenue 2024: $678,973Expenses 2024: $667,622Net Income 2024: $11,3512024

Highlighted filing

2020

Revenue$180,378
Expenses$133,101
Net Income$47,277
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Aug 15, 2021
Return Version
2020v4.0
Gross Receipts
$180,378
Mission and Program Overview

Mission

GreenStand empowers local communities to improve ecological health by facilitating technological solutions that enhance the reforestation of degraded lands.

GreenStand engages communities through smart-technology, fundraising mechanisms and scientific research to provide sustainable, and state-of-the-art methods for planting and monitoring trees.

Balance Sheet Detail
LineBeginningEndChange
Assets
Loans From Officers Directors$48,000$59,940▲ $11,940
Cash and Non-Interest-Bearing Accounts$808$54,142▲ $53,334
Accounts Receivable-$4,757-
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-
Total Assets$808$58,899▲ $58,091
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$1,126--
Total Liabilities$49,126$59,940▲ $10,814
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-48,318$-1,041▲ $47,277
Total Net Assets Fund Balance$-48,318$-1,041▲ $47,277
Total Liabilities and Net Assets / Fund Balance$808$58,899▲ $58,091
Compensation and Service Providers

Board Members and Trustees

NameTitle
David Ezra JayPresident/Treas
Thomas MorrisonVice President
Alicia DavisSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$84,491
Program Service Revenue
$95,878
Investment Income
$9
Other Revenue
$0
All Other Contributions
$84,491
Change in Net Assets
$47,277
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$133,101
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting-$1,873-$1,873
Occupancy-$715-$715
Other Expenses$31,359$277-$277
Office Expenses-$268-$268
Total Functional Expenses$127,518$5,583$0$133,101
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
Loans from Officers, Directors, Trustees, and Key Employees$48,000$59,940▲ $11,940
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
No
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
No
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

Board reviews and approves filing of Form 990.

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

All governing documents, policies and financial statements are available upon request.

Filing and Contact Details

Filer

Filer Name
GreenStand
EIN
47-3150283
Phone
9073422624
Address
721 Depot Drive, Anchorage, AK 99501

Signing Officer

Name
David Ezra Jay
Title
President/Treas
Signed
2021-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Ezra Jay
Formed
2015
Legal Domicile
Ak
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
120

Preparer

Firm
Lila Vogt
Address
2104 Lincoln, Anchorage, AK 99517
Preparer
Lila Vogt
Phone
9072481016
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IRS990/Desc0Greenstand advances its mission by driving three primary organizational areas: 1 - Administration & Operations 2 - Technical Development3 - Program & Project Management As a growing organization, Greenstand received its first significant grant funding and was able to focus on advancements to the Treetracker app, as well as internal preparation of anticipated expansion of our technical service into 2021. Admin & Operations: ?March 2020 - Inducted to Conservation Finance Alliance Incubator?Starting in April, our Executive team met with our assigned mentor, David Meyers, bi-weekly throughout the year to accelerate production of the digital tree wallet mechanism, now known as the Impact Wallet, and other core concepts. Watch our webinar showcasing advancements made with CFAs support here! ?$80k Monday?On June 22nd Greenstand was notified as recipients of two separate grants, one from Comcasts Innovation Fund and one from TNC and WRIs Reforestation Accelerator program, which added up to $80,000!?August 2020 - Mission revised?Greenstands updated mission is to create a global, open-source marketplace to digitally track and compensate farmers for growing individually managed trees to support reforestation and alleviate poverty.?Formally charted Greenstands organizational structure?Designation of 3 primary organizational divisions: Engineering, Operations, Programs?Created 3 formal executive positions in order to support these divisions ?Organized many new teams across these divisions ?September 2020 - First Annual Report?Greenstand publishes its 2019 Annual Report, which also summarized milestones from 2017 and 2018. ?November 2020 - First issue of Greenstand Growth?In November 2020, Greenstand launched its first email newsletter, Greenstand Growth. This newsletter provides Treetracker and industry updates, shares volunteer and funding opportunities, showcases events, and generally seeks to engage our networks with restoration efforts each month. If youre not already receiving our newsletter, sign up here! Technical Development:?Our Token-Trading API is Born?In January 2020, the Greenstand team released our first token-trading API within the Treetracker app. This gives app users the ability to trade impact tokens from one digital wallet to another.?Fairtree founded & our Implementing Partnership is formed This organization focuses on developing and implementing a direct link to the planter without the need for complicated planting organizational management. This model helps designate appropriate compensation rates for trees of different ecological values as part of the pay-to-grow model that Greenstand utilizes.?June 2020 - Treetracker Milestone!? Treetracker has more than a quarter million captures & reached over 1,000 unique registered planters! ?500,000 Trees Tracked?In December 2020, Greenstand reached 500,000 trees tracked & over 2,000 planter accounts! Project Management: ?Greenstand joins WEFs Trillion Trees Uplink Challenge Innovator Cohort?In August 2020, Greenstand joined the World Economic Forum's UpLink platform, which hosts global challenges to solve some of the world's most pressing issues as a part of the UN Decade on Ecosystem Restoration. We presented the Treetracker as part of the Trillion Trees Challenge, were chosen as finalists, & ultimately earned our spot in the Trillion Trees Challenge Innovator Cohort. Check out WEFs video about the Treetracker here!?#FreetownTheTreeTown starts using the Treetracker! ?Greenstand onboards #FreetownTheTreeTown project. This is a joint effort between the World Bank and the city government of Freetown, Sierra Leone. ?Greenstand and partnership with OpenMap Development Tanzania ?OMDTZ organizes industrial placement in Morogoro, Tanzania around the topic of GIS mapping and the Treetracker app is now one of those tools!?Treetracker Liaison position created ?This position was created to help onboard new reforestation projects. Following the WEF Challenge, Greenstand experienced a mass
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Board reviews and approves filing of Form 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All governing documents, policies and financial statements are available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
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IRS990/TotalProgramServiceExpensesAmt0127518
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0David Ezra Jay
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President/Treas
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0GreenStand
ReturnHeader/Filer/BusinessNameControlTxt0GREE
ReturnHeader/Filer/EIN0473150283
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ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0274455296
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Lila Vogt
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt02104 Lincoln
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Anchorage
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ReturnHeader/PreparerPersonGrp/PhoneNum09072481016
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lila Vogt
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-08-15T16:32:08-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0David Ezra
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Jay
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

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