Civic Intelligence

Carbon Mapper Inc.

990 • Fiscal year 2023 • EIN 85-3149996

Sep 01, 2022 to Aug 31, 2023 • Filed on Dec 13, 2023

12 S Raymond Avenue BPasadena, CA 91105

(626) 698-8186

Siviq Scores

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

Liabilities / Assets

35th percentile

0.08x

Higher debt load relative to assets than 35% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

27th percentile

0.09x

Higher debt load relative to revenue than 27% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

6th percentile

-59%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

72nd percentile

$259,339

Higher top officer pay than 72% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

2nd percentile

-33%

Faster asset growth than 2% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

15th percentile

-23%

Faster revenue growth than 15% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Down

$20,949,541

Down $10,322,166 (-33%) from 2022

Net Assets

Down

$19,287,083

Down $10,341,445 (-35%) from 2022

Liabilities

Up

$1,662,458

Up $19,279 (+1.2%) from 2022

Revenue

Down

$17,694,496

Down $5,373,565 (-23%) from 2022

Expenses

Down

$28,056,443

Down $17,314,455 (-38%) from 2022

Net Income

Up

-$10,361,947

Up $11,940,890 (+54%) from 2022

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

2023

Assets$20,949,541
Liabilities$1,662,458
Net Assets$19,287,083

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

2023

Revenue$17,694,496
Expenses$28,056,443
Net Income-$10,361,947
Jump To
Filing Snapshot
Filing Period
Sep 1, 2022 to Aug 31, 2023
Signed
Dec 13, 2023
Return Version
2022v5.0
Gross Receipts
$17,718,675
Mission and Program Overview

Mission

Carbon mappers mission is to help drive the world toward direct, comprehensive, transparent global GHG monitoring to facilitate science-based decision making and reduce GHG emissions. To accelerate global climate action, Carbon Mapper uses satellite and (continued on Schedule O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$945,681$16,784,363▲ $15,838,682
Pledges and Grants Receivable$30,135,667$4,005,000▼ $26,130,667
Prepaid Expenses and Deferred Charges$61,152$92,554▲ $31,402
Land, Buildings, and Equipment, Net$32,235$17,782▼ $14,453
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$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$31,271,707$20,949,541▼ $10,322,166
Other Assets Total$96,972$49,842▼ $47,130
Liabilities
Other Liabilities$1,419,237$1,292,362▼ $126,875
Accounts Payable and Accrued Expenses$103,942$370,096▲ $266,154
Deferred Revenue$120,000--
Total Liabilities$1,643,179$1,662,458▲ $19,279
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-507,139$10,029,620▲ $10,536,759
Net Assets With Donor Restrictions$30,135,667$9,257,463▼ $20,878,204
Total Net Assets Fund Balance$29,628,528$19,287,083▼ $10,341,445
Total Liabilities and Net Assets / Fund Balance$31,271,707$20,949,541▼ $10,322,166

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$16,708$20,199$36,907
Other Land Buildings$1,074$5,376$6,450
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judy Lai-NorlingCOOFT$223,171$36,168$259,339
Alexander H DiamondDirector Products/EngFT$207,776$38,199$245,975
Andrew AubreyDirector Airborne OpsFT$189,630$40,064$229,694
Mackenzie HuffmanStrategy DirectorFT$207,090$21,695$228,785
Pavel DorovskoyData Platform LeadFT$196,681$28,200$224,881
Jade DhatchayangkulCFOFT$159,838$35,533$195,371
Justin FiskSr Science EngFT$171,615$12,807$184,422
Riley DurenDirector & CEOFT$160,373$11,226$171,599

Board Members and Trustees

NameTitle
Richard H Lawrence JrBoard President
Ailun YangDirector
Dr Steve CliffDirector
Mary NicholsDirector
Richard CoreyDirector
Marisa de BelloySecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
maKAI PB LLC EarthriseConsulting1774 Sabre Street, Hayward, CA 94545$282,450
Revenue and Support

Revenue Composition

Contributions and Grants
$15,523,314
Program Service Revenue
$1,600,448
Investment Income
$572,455
Other Revenue
$-1,721
All Other Contributions
$15,523,314
Change in Net Assets
$-10,361,947

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,694,496
Revenue Not Reported on Form 990
$209,681
Total Revenue per Audited Statements
$17,904,177
Total Revenue per Form 990
$17,694,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$23,432,950
Salaries, Compensation, and Employee Benefits$3,860,656
Grants and Similar Amounts Paid$762,837
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,366,846$276,589-$2,643,435
Grants to Domestic Orgs$762,837--$762,837
Current Officers, Directors, Trustees, and Key Employees$486,516$56,866-$543,382
Travel$213,498$23,501-$236,999
Other Employee Benefits$205,474$24,077-$229,551
Payroll Taxes$204,643$23,920-$228,563
Pension Plan Contributions$193,149$22,576-$215,725
Information Technology$179,123$13,008-$192,131
Fees for Services Other$171,459$250-$171,709
Advertising$139,954$4,975-$144,929
Office Expenses$17,499$94,513-$112,012
Fees for Services Legal-$99,139-$99,139
Occupancy$7,122$67,360-$74,482
Insurance-$28,244-$28,244
Fees for Services Accounting-$20,228-$20,228
Depreciation Depletion-$14,453-$14,453
Other Expenses$-76,650$-165,000-$-165,000
Total Functional Expenses$27,475,923$580,520$0$28,056,443

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$28,245,622
Expenses per Audited Statements$28,056,443
Total Expenses per Form 990$28,056,443
Expenses Not Reported on Form 990$189,179
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
PSE Healthy EnergyOakland, CA501(c)(3)-$500,000
Leland Stanford Junior UnivStanford, CA501(c)(3)-$101,237
WattTime CorporationOakland, CA--$73,008
University of UtahSalt Lake City, UT--$50,462
Univ California RiversideRiverside, CA501(c)(3)-$38,130
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
Refundable advance$1,230,823
Lease payable$42,474
Grants payable$19,065
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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, Section B, Line 11B

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, Section B, Line 12C

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, Section B, Line 15A

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, Section B, Line 15B

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, Section C, Line 19

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
6266988186
Address
12 S Raymond Avenue B, Pasadena, CA 91105

Signing Officer

Name
Jade Dhatchayangkul
Title
CFO
Phone
6266988186
Signed
2023-12-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lawrence
Formed
2020
Legal Domicile
De
Voting Board Members
7
Independent Board Members
7
Employees
23

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 4: 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;* Improving the quality and furthering future scientific discoveries related to emissions reductions;* 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) Filling data gaps and Public EducationCarbon 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. 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 ProgramsCarbon 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.

Form 990, Part XII, Line 2C

Under the California Nonprofit Integrity Act, an exempt organization with annual revenue of $2 million or more is required to have an Audit Committee to select an audit Firm, review the audit, and approve the audit of its annual financial statements. The audited financial statements are prepared by a qualified and licensed independent audit firm. The audit report is reviewed and approved by the organization's management and the Board of Directors.

Organization'S Mission

(continued from Form 990 Page 1 Part 1 Line 1)airborne measurements to fill data gaps by detecting, pinpointing, and quantifying, high emission methane and carbon dioxide sources. Carbon Mapper is committed to increasing global accessibility, transparency, and understanding of methane and co2 emissions through a free and open data portal for the global public good.

Financial Statement Notes

Part X : FIN48 Footnote

Income Taxes Financial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Carbon Mapper is required to report information regarding its exposure to various tax positions taken by Carbon Mapper and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold.Management believes that Carbon Mapper has adequately addressed all tax positions and that there are no unrecorded tax liabilities. Management believes that Carbon Mapper has adequately evaluated its current tax positions and has concluded that as of August 31, 2023 Carbon Mapper does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Carbon Mapper has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. This exemption is subject to periodic review by the federal and state taxing authorities and management is confident that Carbon Mapper continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status.Carbon Mapper may periodically receive unrelated business income (such as sublease income) requiring the organization to file separate tax returns under federal and state statutes. Under such conditions, Carbon Mapper calculates, accrues, and remits the applicable tax liability (if any).

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

Sublease Rental Expenses $24179

Part XII, Line 2D: Other expenses and losses per audited F/S

Sublease Rental Expenses $24179

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IRS990/Form990PartVIISectionAGrp/PersonNm2Andrew Aubrey
IRS990/Form990PartVIISectionAGrp/PersonNm3Mackenzie Huffman
IRS990/Form990PartVIISectionAGrp/PersonNm4Pavel Dorovskoy
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IRS990/Form990PartVIISectionAGrp/PersonNm6Justin Fisk
IRS990/Form990PartVIISectionAGrp/PersonNm7Riley Duren
IRS990/Form990PartVIISectionAGrp/PersonNm8Richard H Lawrence Jr
IRS990/Form990PartVIISectionAGrp/PersonNm9Marisa de Belloy
IRS990/Form990PartVIISectionAGrp/PersonNm10Richard Corey
IRS990/Form990PartVIISectionAGrp/PersonNm11Mary Nichols
IRS990/Form990PartVIISectionAGrp/PersonNm12Ailun Yang
IRS990/Form990PartVIISectionAGrp/PersonNm13Dr Steve Cliff
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IRS990/Form990PartVIISectionAGrp/TitleTxt5CFO
IRS990/Form990PartVIISectionAGrp/TitleTxt6Sr Science Eng
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IRS990/Form990PartVIISectionAGrp/TitleTxt8Board President
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IRS990/ProgSrvcAccomActy2Grp/Desc0for a 9-month demonstration phase, laying the foundation for Phase 2, in which the goal is to expand to an operational constellation of satellites with the capabilities to provide daily to weekly real-time monitoring of methane and CO2 emissions. Meanwhile, to pave the way for the satellite program, Carbon Mapper executes airborne surveys to collect methane and CO2 data over domestic and international targets. To achieve its mission, Carbon Mapper conducts the activities described below: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 point source emissions of methane and carbon dioxide, the two most important greenhouse gasses, from oil and gas production, natural gas
IRS990/ProgSrvcAccomActy3Grp/Desc0infrastructure, landfills, dairies, wastewater plants, and other facilities. Carbon Mapper will collect and monitor the emissions data for use in its scientific and educational activities 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. (Continued on Schedule O)
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