Civic Intelligence

Carbon Mapper Inc.

990 • Fiscal year 2022 • EIN 85-3149996

Sep 01, 2021 to Aug 31, 2022 • Filed on Dec 13, 2022

12 S Raymond Avenue BPasadena, CA 91105

(626) 410-7222

Siviq Scores

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

Liabilities / Assets

26th percentile

0.05x

Higher debt load relative to assets than 26% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

18th percentile

0.07x

Higher debt load relative to revenue than 18% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

3rd percentile

-97%

Higher net margin than 3% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

40th percentile

$217,058

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.9% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

1st percentile

-40%

Faster asset growth than 1% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

3rd percentile

-72%

Faster revenue growth than 3% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Down

$31,271,707

Down $20,905,516 (-40%) from 2021

Net Assets

Down

$29,628,528

Down $21,999,430 (-43%) from 2021

Liabilities

Up

$1,643,179

Up $1,093,914 (+199%) from 2021

Revenue

Down

$23,068,061

Down $59,923,767 (-72%) from 2021

Expenses

Up

$45,370,898

Up $14,307,423 (+46%) from 2021

Net Income

Down

-$22,302,837

Down $74,231,190 (-143%) from 2021

Historical Trend

Balance Sheet Trend

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

$60M$40M$20M$0Assets 2021: $52,177,223Liabilities 2021: $549,265Net Assets 2021: $51,627,9582021Assets 2022: $31,271,707Liabilities 2022: $1,643,179Net Assets 2022: $29,628,5282022Assets 2023: $20,949,541Liabilities 2023: $1,662,458Net Assets 2023: $19,287,0832023Assets 2024: $17,107,080Liabilities 2024: $2,135,133Net Assets 2024: $14,971,9472024Assets 2025: $45,309,364Liabilities 2025: $4,541,001Net Assets 2025: $40,768,3632025

Highlighted filing

2022

Assets$31,271,707
Liabilities$1,643,179
Net Assets$29,628,528

Operations Trend

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

$100M$50M$0-$50MRevenue 2021: $82,991,828Expenses 2021: $31,063,475Net Income 2021: $51,928,3532021Revenue 2022: $23,068,061Expenses 2022: $45,370,898Net Income 2022: -$22,302,8372022Revenue 2023: $17,694,496Expenses 2023: $28,056,443Net Income 2023: -$10,361,9472023Revenue 2024: $17,013,099Expenses 2024: $21,307,732Net Income 2024: -$4,294,6332024Revenue 2025: $42,000,541Expenses 2025: $16,084,459Net Income 2025: $25,916,0822025

Highlighted filing

2022

Revenue$23,068,061
Expenses$45,370,898
Net Income-$22,302,837
Jump To
Filing Snapshot
Filing Period
Sep 1, 2021 to Aug 31, 2022
Signed
Dec 13, 2022
Return Version
2021v4.1
Gross Receipts
$23,068,061
Mission and Program Overview

Mission

understanding of methane and CO2 emissions through a free and open data portal for the global public good.

Carbon Mapper accelerates global climate action by locating, quantifying, and tracking methane and carbon dioxide emissions using satellite and airborne measurements. Carbon Mapper is committed to increasing global accessibility, transparency, and (continued on p. 2)

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$48,366,270$30,135,667▼ $18,230,603
Cash and Non-Interest-Bearing Accounts$3,330,544$945,681▼ $2,384,863
Accounts Receivable$286,117$0▼ $286,117
Prepaid Expenses and Deferred Charges$22,411$61,152▲ $38,741
Land, Buildings, and Equipment, Net$24,925$32,235▲ $7,310
Savings and Temporary Cash Investments-$0-
Other Notes and Loans Receivable, Net-$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-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$52,177,223$31,271,707▼ $20,905,516
Other Assets Total$146,956$96,972▼ $49,984
Liabilities
Other Liabilities$138,801$1,419,237▲ $1,280,436
Deferred Revenue$354,254$120,000▼ $234,254
Accounts Payable and Accrued Expenses$56,210$103,942▲ $47,732
Total Liabilities$549,265$1,643,179▲ $1,093,914
Net Assets / Fund Balance
Net Assets With Donor Restrictions$48,366,270$30,135,667▼ $18,230,603
Net Assets Without Donor Restrictions$3,261,688$-507,139▼ $3,768,827
Total Net Assets Fund Balance$51,627,958$29,628,528▼ $21,999,430
Total Liabilities and Net Assets / Fund Balance$52,177,223$31,271,707▼ $20,905,516

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$29,010$7,897$36,907
Other Land Buildings$3,225$3,225$6,450
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judy Lai-NorlingCOOFT$192,761$24,297$217,058
Mackenzie HuffmanStrategy DirectorFT$172,346$13,790$186,136
Pavel DorovskoyData Platform LeadFT$157,727$16,817$174,544
Jade DhatchayangkulFinance DirectorFT$116,107$20,175$136,282

Board Members and Trustees

NameTitle
Richard H Lawrence JrBoard President
Ailun YangDirector
Mary NicholsDirector
Richard CoreyDirector
Riley DurenCEO
Marisa de BelloySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Geovitics LLCInformation Technology300 E 39th Street, Kansas City, MO 64111$100,880
Revenue and Support

Revenue Composition

Contributions and Grants
$21,997,574
Program Service Revenue
$1,038,870
Investment Income
$31,117
Other Revenue
$500
All Other Contributions
$21,997,574
Change in Net Assets
$-22,302,837

Audited Revenue Reconciliation

Revenue per Audited Statements
$23,068,061
Revenue Not Reported on Form 990
$631,407
Total Revenue per Audited Statements
$23,699,468
Total Revenue per Form 990
$23,068,061
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,646,041
Grants and Similar Amounts Paid$2,094,000
Salaries, Compensation, and Employee Benefits$1,630,857
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,094,000--$2,094,000
Other Salaries and Wages$1,093,558$123,039-$1,216,597
Fees for Services Other$295,706$59,724-$355,430
Current Officers, Directors, Trustees, and Key Employees$173,266$19,495-$192,761
Office Expenses$141,041$24,890-$165,931
Advertising$99,047$22,992-$122,039
Information Technology$36,835$78,566-$115,401
Payroll Taxes$80,707$9,081-$89,788
Other Employee Benefits$68,139$7,667-$75,806
Occupancy$8,658$49,063-$57,721
Pension Plan Contributions$50,251$5,654-$55,905
Travel$34,914--$34,914
Insurance-$25,563-$25,563
Depreciation Depletion-$9,012-$9,012
Other Expenses$-295,706$-32,294-$-328,000
Total Functional Expenses$44,968,446$402,452$0$45,370,898

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$45,698,898
Expenses per Audited Statements$45,370,898
Total Expenses per Form 990$45,370,898
Expenses Not Reported on Form 990$328,000
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arizona State University FdtnTempe, AZ501(c)(3)Research for Space Imaging$2,094,000
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
Grants payable$1,047,000
Refundable advance$283,420
Lease payable$88,817
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
Yes
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

Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service.

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

Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures.

Form 990, Part VI, Line 15B: Compensation Review and Approval Process for Officers and Key Employees

Compensation of other personnel and highly compensated employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files.

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

All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.

Filing and Contact Details

Filer

Filer Name
Carbon Mapper Inc
EIN
85-3149996
Phone
6264107222
Address
12 S Raymond Avenue B, Pasadena, CA 91105

Signing Officer

Name
Judy Lai-Norling
Title
COO
Phone
6264107222
Signed
2022-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lawrence
Formed
2020
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
18

Preparer

Firm
Regalia & Associates Cpas
Address
103 TOWN COUNTRY DR STE K, DANVILLE, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

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

OTHER PROGRAM SERVICES 4: * improving the quality and furthering future scientific discoveries related to Earths climate; * enabling facility operators to see their methane leaks and encouraging voluntary repair; * supporting regulatory and enforcement action by public agencies; * encouraging other incentives to reduce pollution through cap-and-trade and other compliance programs; and * supporting environmental justice programs. 2) Public Education Carbon Mapper will make the methane and other data and analysis available to the public through a global open data portal, including a data trust and a website offering rapid visualization and interpretation for both expert and non-expert audiences. Carbon Mapper will provide a user support service to help train people to understand the data and to answer questions about it, and a public outreach program through the website and social media. The data trust and portal will be accessible to all at no charge. Carbon Mapper will also convene conferences, workshops, and webinars with companies, trade groups, policy makers, regulators, community groups, and other stakeholders to encourage use of the methane data and adoption of open standards for reducing leakage. 3) Funding Research Programs. Carbon Mapper will also fund methane science at academic institutions through research grants to institutions and/or graduate and post-doctoral fellowships. This program will help advance satellite measurement technology and data analysis to improve methane science and mitigation in years to come. It will also help expand the use of and build public confidence in the Carbon Mapper data through increased transparency in the scientific literature, including research journal publications.

Other Changes In Net Assets Or Fund Balances - Other Increases

Change in discount related to long-term receivables = $300395

Financial Statement Notes

Part XI, Line 2D: Other revenue amounts included in F/S but not included on form 990

Change in discount related to long-term $300395

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IRS990/MinutesOfCommitteesInd0true
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IRS990/MissionDesc0understanding of methane and CO2 emissions through a free and open data portal for the global public good.
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IRS990/OtherExpensesGrp/ProgramServicesAmt1-295706
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IRS990/PayrollTaxesGrp/TotalAmt089788
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IRS990/PrincipalOfficerNm0Richard Lawrence
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IRS990/ProgSrvcAccomActy2Grp/Desc0satellite program, Carbon Mapper will execute airborne surveys to collect methane and CO2 data over domestic and international targets. To achieve its mission, Carbon Mapper will conduct the activities described below, all of which are still in the planning stages: 1) Scientific Data Collection and Analysis. Data Collection: Carbon Mapper will apply advanced visible-infrared imaging spectroscopy using sensors to be installed on satellites. Once in orbit, the sensors will be able to pinpoint emissions of methane and carbon dioxide, the two most important greenhouse gasses, from oil and gas production, natural gas infrastructure, landfills, dairies, wastewater plants, and other facilities. Carbon Mapper will collect and monitor the emissions data for use in its scientific and educational
IRS990/ProgSrvcAccomActy3Grp/Desc0activities described below. Data Analysis: Carbon Mapper will analyze the data using accepted scientific methodologies to pinpoint and quantify methane and carbon dioxide leaks around the globe. Carbon Mappers purpose in collecting and analyzing the data is to enable facility operators, regulators, and the general public to make informed decisions regarding leaks and their effect on climate, with the ultimate goal of reducing methane and carbon dioxide in Earths atmosphere. Carbon Mappers data and analysis will further the public interest by: * raising awareness in the general public of methane emissions; * filling critical gaps in societal situation awareness; (Continued on Schedule O)
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IRS990ScheduleD/EquipmentGrp/BookValueAmt029010
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Change in discount related to long-term $300395
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990
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IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Research for Space Imaging
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Arizona State University Fdtn

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