Civic Intelligence

Carbon Mapper Inc.

990 • Fiscal year 2021 • EIN 85-3149996

Sep 01, 2020 to Aug 31, 2021 • Filed on Jan 12, 2022

12 S Raymond Avenue B FPasadena, CA 91105

(626) 995-7765

Siviq Scores

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

Liabilities / Assets

12th percentile

0.01x

Higher debt load relative to assets than 12% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Net Margin

91st percentile

63%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

16th percentile

$160,800

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

2021 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Assets

$52,177,223

No earlier filing loaded for comparison.

Net Assets

$51,627,958

No earlier filing loaded for comparison.

Liabilities

$549,265

No earlier filing loaded for comparison.

Revenue

$82,991,828

No earlier filing loaded for comparison.

Expenses

$31,063,475

No earlier filing loaded for comparison.

Net Income

$51,928,353

No earlier filing loaded for comparison.

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

2021

Assets$52,177,223
Liabilities$549,265
Net Assets$51,627,958

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

2021

Revenue$82,991,828
Expenses$31,063,475
Net Income$51,928,353
Jump To
Filing Snapshot
Filing Period
Sep 1, 2020 to Aug 31, 2021
Signed
Jan 12, 2022
Return Version
2020v4.0
Gross Receipts
$82,991,828
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-
Cash and Non-Interest-Bearing Accounts-$3,330,544-
Accounts Receivable-$286,117-
Land, Buildings, and Equipment, Net-$24,925-
Prepaid Expenses and Deferred Charges-$22,411-
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$0$52,177,223▲ $52,177,223
Other Assets Total-$146,956-
Liabilities
Deferred Revenue-$354,254-
Other Liabilities-$138,801-
Accounts Payable and Accrued Expenses-$56,210-
Total Liabilities$0$549,265▲ $549,265
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$48,366,270-
Net Assets Without Donor Restrictions-$3,261,688-
Total Net Assets Fund Balance$0$51,627,958▲ $51,627,958
Total Liabilities and Net Assets / Fund Balance$0$52,177,223▲ $52,177,223

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$19,550$1,035$20,585
Other Land Buildings$5,375$1,075$6,450
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Judy Lai-NorlingCOOFT$65,462$65,462

Board Members and Trustees

NameTitle
Richard LawrenceChairman
Riley DurenPresident
Mary NicholsDirector
Richard CoreyDirector
Marisa de BelloySecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$81,827,493
Program Service Revenue
$864,746
Investment Income
$299,589
Other Revenue
$0
All Other Contributions
$81,827,493
Change in Net Assets
$51,928,353

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table2$160,800Fair Market Value (FMV)
Total Noncash Contributions2$160,800-

Audited Revenue Reconciliation

Revenue per Audited Statements
$82,991,828
Total Revenue per Audited Statements
$82,991,828
Total Revenue per Form 990
$82,991,828
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$30,733,752
Salaries, Compensation, and Employee Benefits$253,073
Grants and Similar Amounts Paid$76,650
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$30,451,497--$30,451,497
Other Salaries and Wages$240,785$9,934-$250,719
Fees for Services Other$150,800$10,000-$160,800
Fees for Services Legal-$78,302-$78,302
Grants to Domestic Orgs$76,650--$76,650
Office Expenses-$18,536-$18,536
Information Technology$4,851$5,749-$10,600
Occupancy$8,155--$8,155
Payroll Taxes-$2,354-$2,354
Insurance-$2,288-$2,288
Depreciation Depletion-$2,110-$2,110
Travel-$1,464-$1,464
Total Functional Expenses$30,932,738$130,737$0$31,063,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$31,063,475
Total Expenses per Audited Statements$31,063,475
Total Expenses per Form 990$31,063,475
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Arizona State University FounTempe, AZ501(c)(3)Research for Space Imaging$76,650
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
Lease payable$138,801
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 bythe organization's management team. After a full review, the final version of the tax return is provided to all members of the organization's voting body prior to its submission. 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. TBOARD 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

The compensation of other employees is reviewed periodically in accordance with the organzation's personnel policies.

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

All of the organization's governing documents, financial statements and other legalfilings are maintained in a secure environment and held available for inspection bytax authorities and the general public. Tax returns are posted annually towww.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office in pasadena, california.

Filing and Contact Details

Filer

Filer Name
Carbon Mapper Inc
EIN
85-3149996
Phone
6269957765
Address
12 S Raymond Avenue B F, Pasadena, CA 91105

Signing Officer

Name
Judy Lai-Norling
Title
COO
Phone
6269957765
Signed
2022-01-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lawrence
Formed
2020
Legal Domicile
De
Voting Board Members
5
Independent Board Members
3
Employees
0

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 Decreases

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

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 IS PREPARED BY AN OUTSIDE TAX PROFESSIONAL. THE FORM IS THEN REVIEWED BYTHE ORGANIZATION'S MANAGEMENT TEAM. AFTER A FULL REVIEW, THE FINAL VERSION OF THE TAX RETURN IS PROVIDED TO ALL MEMBERS OF THE ORGANIZATION'S VOTING BODY PRIOR TO ITS SUBMISSION. A REPRESENTATIVE OF MANAGEMENT AUTHORIZES THE FINAL FORM 990 WHICH IS THEN E-FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Members OF THE BOARD OF DIRECTORS REVIEW ALL POTENTIAL CONFLICTS OF INTEREST PERIODICALLY. TBOARD 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Members 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The compensation of other employees is reviewed periodically in accordance with the organzation's personnel policies.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL OF THE ORGANIZATION'S GOVERNING DOCUMENTS, FINANCIAL STATEMENTS AND OTHER LEGALFILINGS ARE MAINTAINED IN A SECURE ENVIRONMENT AND HELD AVAILABLE FOR INSPECTION BYTAX AUTHORITIES AND THE GENERAL PUBLIC. TAX RETURNS ARE POSTED ANNUALLY TOWWW.GUIDESTAR.ORG (WHERE THEY ARE AVAILABLE FOR VIEWING AS ELECTRONIC COPIES) AND ARE ALSO AVAILABLE BY REQUEST FROM THE ORGANIZATION'S OFFICE IN PASADENA, CALIFORNIA.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Change in discount related to long-term receivables = -$300395
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 15a: Compensation Review & Approval Process - CEO, Top Management
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Changes In Net Assets Or Fund Balances - Other Decreases
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