Civic Intelligence

Carbon Mapper Inc.

990 • Fiscal year 2024 • EIN 85-3149996

Sep 01, 2023 to Aug 31, 2024 • Filed on Dec 06, 2024

680 E Colorado Blvd 180Pasadena, CA 91101

(626) 698-8186

Siviq Scores

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

Liabilities / Assets

44th percentile

0.12x

Higher debt load relative to assets than 44% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

35th percentile

0.13x

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

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Net Margin

10th percentile

-25%

Higher net margin than 10% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

74th percentile

$279,773

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2024

Asset Growth

5th percentile

-18%

Faster asset growth than 5% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

26th percentile

-3.9%

Faster revenue growth than 26% of similar nonprofits.

2024 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Down

$17,107,080

Down $3,842,461 (-18%) from 2023

Net Assets

Down

$14,971,947

Down $4,315,136 (-22%) from 2023

Liabilities

Up

$2,135,133

Up $472,675 (+28%) from 2023

Revenue

Down

$17,013,099

Down $681,397 (-3.9%) from 2023

Expenses

Down

$21,307,732

Down $6,748,711 (-24%) from 2023

Net Income

Up

-$4,294,633

Up $6,067,314 (+59%) from 2023

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

2024

Assets$17,107,080
Liabilities$2,135,133
Net Assets$14,971,947

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

2024

Revenue$17,013,099
Expenses$21,307,732
Net Income-$4,294,633
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Dec 6, 2024
Return Version
2023v5.1
Gross Receipts
$17,039,192
Mission and Program Overview

Mission

Carbon Mapper is a nonprofit based in Pasadena, California, with the mission to drive greenhouse gas emissions reduc- tions by making methane and carbon dioxide data accessible and actionable. It focuses on filling gaps in the emerging ecosystem of (continued on Schedule O)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$16,784,363$6,950,395▼ $9,833,968
Prepaid Expenses and Deferred Charges$92,554$86,536▼ $6,018
Pledges and Grants Receivable$4,005,000$51,826▼ $3,953,174
Land, Buildings, and Equipment, Net$17,782$10,026▼ $7,756
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$20,949,541$17,107,080▼ $3,842,461
Other Assets Total$49,842$10,008,297▲ $9,958,455
Liabilities
Other Liabilities$1,292,362$1,567,878▲ $275,516
Accounts Payable and Accrued Expenses$370,096$567,255▲ $197,159
Total Liabilities$1,662,458$2,135,133▲ $472,675
Net Assets / Fund Balance
Net Assets With Donor Restrictions$9,257,463$13,607,408▲ $4,349,945
Net Assets Without Donor Restrictions$10,029,620$1,364,539▼ $8,665,081
Total Net Assets Fund Balance$19,287,083$14,971,947▼ $4,315,136
Total Liabilities and Net Assets / Fund Balance$20,949,541$17,107,080▼ $3,842,461

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,026$32,798$42,824
Other Land Buildings-$6,450$6,450
Other Assets Org$10,000,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Judy Lai-NorlingCOOFT$243,203$36,570$279,773
Alexander H DiamondDirector Products/EngFT$203,869$39,509$243,378
Andrew AubreyDirector Airborne OpsFT$194,768$37,681$232,449
Jade DhatchayangkulCFOFT$192,472$37,707$230,179
Mackenzie HuffmanStrategy DirectorFT$203,597$21,374$224,971
Pavel DorovskoyData Platform LeadFT$192,172$28,347$220,519
Justin FiskSr Science EngFT$172,095$12,377$184,472
Riley DurenDirector & CEOFT$170,132$11,939$182,071

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
Ode Pb LLCWeb Development-$210,000
Node CommunicationsMarketing/Production34 La Cresta Road, Orinda, CA 94563, Ae$165,912
Revenue and Support

Revenue Composition

Contributions and Grants
$16,336,693
Program Service Revenue
$68,629
Investment Income
$605,246
Other Revenue
$2,531
All Other Contributions
$15,889,865
Change in Net Assets
$-4,294,633

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,013,099
Revenue Not Reported on Form 990
$151,712
Total Revenue per Audited Statements
$17,164,811
Total Revenue per Form 990
$17,013,099
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,816,435
Salaries, Compensation, and Employee Benefits$5,252,465
Grants and Similar Amounts Paid$238,832
Total Fundraising Expense$132,452
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,036,260$464,369$71,440$3,572,069
Current Officers, Directors, Trustees, and Key Employees$514,936$78,755$12,116$605,807
Information Technology$489,068$33,868$3,607$526,543
Other Employee Benefits$383,632$58,673$9,027$451,332
Fees for Services Other$136,400$237,408$8,903$382,711
Payroll Taxes$271,590$41,537$6,391$319,518
Pension Plan Contributions$258,178$39,486$6,075$303,739
Travel$224,739$26,132$10,453$261,324
Grants to Domestic Orgs$238,832--$238,832
Advertising$216,091--$216,091
Office Expenses$128,891$52,244$2,675$183,810
Fees for Services Legal-$105,566-$105,566
Fees for Services Accounting-$97,480-$97,480
Occupancy$75,010$15,819$1,765$92,594
Insurance-$29,887-$29,887
Depreciation Depletion-$13,673-$13,673
Other Expenses$14,078,971$-146,122-$-146,122
Total Functional Expenses$20,052,598$1,122,682$132,452$21,307,732

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,479,947
Expenses per Audited Statements$21,307,732
Total Expenses per Form 990$21,307,732
Expenses Not Reported on Form 990$172,215
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Leland Stanford Junior UnivStanford, CA-Landfille Detection$163,832
Harvard UniversityCambridge, MA-Emission Testing$75,000
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
Refundable advance$1,567,878
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 18

Tax returns are available for download from several websites and by request from the organization's office in Pasadena, California.

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
680 E Colorado Blvd 180, Pasadena, CA 91101

Signing Officer

Name
Jade Dhatchayangkul
Title
CFO
Phone
6266988186
Signed
2024-12-06
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Lawrence
Formed
2020
Legal Domicile
De
Voting Board Members
7
Independent Board Members
6
Employees
32

Preparer

Firm
Regalia & Associates CPAS
Address
103 Town and Country Drive Suite K, Danville, CA 94526
Preparer
Douglas W Regalia
Phone
9253140390
Supplemental Narrative

Additional Explanations

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)methane and CO2monitoring systems by delivering data at facility scale that is precise, timely, and accessible to empower decision making and direct mitigation action. The organization leads a public-private coalition that is developing and deploying a constellation of satellites capable of detecting, quantifying, and verifying methane emissions worldwide. Data from these satellites will offer the next major step in scaling up the organization's robust data portal featuring thousands of direct observations of global methane and CO2 super-emitters.

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, 2024 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 $26093

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

Sublease Rental Expenses $26093

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IRS990/Form990PartVIISectionAGrp/PersonNm9Marisa de Belloy
IRS990/Form990PartVIISectionAGrp/PersonNm10Richard Corey
IRS990/Form990PartVIISectionAGrp/PersonNm11Mary Nichols
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