Civic Intelligence

Terrapraxis Inc.

990 • Fiscal year 2021 • EIN 85-4125576

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 30, 2022

Organization Profile
120 Lake View AvenueCambridge, MA 02138

(413) 237-6443

Siviq Scores

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

Liabilities / Assets

30th percentile

0.00x

Higher debt load relative to assets than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

30th percentile

0.00x

Higher debt load relative to revenue than 30% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Net Margin

93rd percentile

70%

Higher net margin than 93% of similar nonprofits.

2021 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

52nd percentile

$0

Higher top officer pay than 52% of similar nonprofits.

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

2021 filings • 501(c)3 • $500k-$1M 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

Balance Sheet
Liabilities / Assets30th percentile

Assets

$559,768

No earlier filing loaded for comparison.

Net Assets

$559,722

No earlier filing loaded for comparison.

Liabilities

$46

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue30th percentileNet Margin93rd percentile

Revenue

$804,252

No earlier filing loaded for comparison.

Expenses

$244,530

No earlier filing loaded for comparison.

Net Income

$559,722

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0Assets 2021: $559,768Liabilities 2021: $46Net Assets 2021: $559,7222021Assets 2022: $2,184,997Liabilities 2022: $799,173Net Assets 2022: $1,385,8242022Assets 2023: $823,318Liabilities 2023: $265,313Net Assets 2023: $558,0052023Assets 2024: $413,697Liabilities 2024: $355,137Net Assets 2024: $58,5602024

Highlighted filing

2021

Assets$559,768
Liabilities$46
Net Assets$559,722
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$2.0M$0-$2.0MRevenue 2021: $804,252Expenses 2021: $244,530Net Income 2021: $559,7222021Revenue 2022: $2,556,739Expenses 2022: $1,129,785Net Income 2022: $1,426,9542022Revenue 2023: $2,350,945Expenses 2023: $3,178,764Net Income 2023: -$827,8192023Revenue 2024: $1,514,293Expenses 2024: $2,013,738Net Income 2024: -$499,4452024

Highlighted filing

2021

Revenue$804,252
Expenses$244,530
Net Income$559,722
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 30, 2022
Return Version
2021v4.1
Gross Receipts
$804,252
Mission and Program Overview

Mission

To define innovative pathways to achieve results at the cost, speed and scale necessary for widespread decarbonization by mobilizing customers, governments, industry, investors, ngos,and regulators

To achieve widespread decarbonization

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$559,768-
Total Assets$0$559,768▲ $559,768
Liabilities
Accounts Payable and Accrued Expenses-$46-
Total Liabilities$0$46▲ $46
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$559,722-
Total Net Assets Fund Balance$0$559,722▲ $559,722
Total Liabilities and Net Assets / Fund Balance$0$559,768▲ $559,768
Compensation and Service Providers
Top Officer Pay52nd percentile

Board Members and Trustees

NameTitle
Eric IngersollPresident
Kirsty GoganVice President
R VysatovaTreas & Clerk
Revenue and Support

Revenue Composition

Contributions and Grants
$804,252
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$804,252
Change in Net Assets
$559,722
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$244,530
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
Travel$8,223--$8,223
Advertising$4,271--$4,271
Office Expenses$2,454--$2,454
Other Expenses$250--$250
Total Functional Expenses$244,530$0$0$244,530
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
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

Part VI, Line 11B

“All board members review and approve this form 990 before submission.”

Filing and Contact Details

Filer

Filer Name
Terrapraxis Inc
EIN
85-4125576
Address
120 LAKE VIEW AVENUE, CAMBRIDGE, MA 02138

Signing Officer

Name
Eric Ingersoll
Title
President
Phone
4132376443
Signed
2022-09-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Eric Ingersoll
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Bernice F Lord CPA
Address
251 NORTHAMPTON STREET SUITE A, EASTHAMPTON, MA 01027
Preparer
Bernice F Lord CPA
Phone
4135291863
Supplemental Narrative

Additional Explanations

Schedule A, Part II, Line 13

“tHIS IS THE FIRST YEAR FOR THIS ORGANIZATION.”

Raw XML Appendix246 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$559,768
Liabilities
$46
Net assets
$559,722
Revenue
$804,252
Expenses
$244,530
Net income
$559,722
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.36$0.06$1.51$2.01$0.50
2023Detailed filing. Detailed filing data is available for this year.$0.82$0.27$0.56$2.35$3.18$0.83
2022Detailed filing. Detailed filing data is available for this year.$2.18$0.80$1.39$2.56$1.13$1.43
2021Detailed filing. Detailed filing data is available for this year.$0.56$0.00$0.56$0.80$0.24$0.56