Civic Intelligence

Terraset

990EZ • Fiscal year 2022 • EIN 88-1122351

Mar 09, 2022 to Dec 31, 2022 • Filed on Jul 18, 2023

Organization ProfileWWW.TERRASETCLIMATE.ORG
2525 Arapahoe Ave Ste E4 706Boulder, CO 80302

(415) 624-9320

Siviq Scores

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

Liabilities / Assets

76th percentile

0.06x

Higher debt load relative to assets than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

76th percentile

0.04x

Higher debt load relative to revenue than 76% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

93rd percentile

62%

Higher net margin than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

81st percentile

$8,000

Higher top officer pay than 81% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

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

Source year 2022

Revenue Growth

Score unavailable

No value available

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

Source year 2022

Balance Sheet
Liabilities / Assets76th percentile

Assets

$102,923

No earlier filing loaded for comparison.

Net Assets

$96,566

No earlier filing loaded for comparison.

Liabilities

$6,357

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue76th percentileNet Margin93rd percentile

Revenue

$154,870

No earlier filing loaded for comparison.

Expenses

$58,304

No earlier filing loaded for comparison.

Net Income

$96,566

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.

$1.0M$500K$0Assets 2022: $102,923Liabilities 2022: $6,357Net Assets 2022: $96,5662022Assets 2023: $569,118Liabilities 2023: $0Net Assets 2023: $569,1182023Assets 2024: $847,059Liabilities 2024: $121,488Net Assets 2024: $725,5712024

Highlighted filing

2022

Assets$102,923
Liabilities$6,357
Net Assets$96,566
Open 2022 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$4.0M$3.0M$2.0M$1.0M$0Revenue 2022: $154,870Expenses 2022: $58,304Net Income 2022: $96,5662022Revenue 2023: $995,334Expenses 2023: $522,782Net Income 2023: $472,5522023Revenue 2024: $3,573,511Expenses 2024: $3,417,532Net Income 2024: $155,9792024

Highlighted filing

2022

Revenue$154,870
Expenses$58,304
Net Income$96,566
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Mar 9, 2022 to Dec 31, 2022
Signed
Jul 18, 2023
Return Version
2022v5.0
Gross Receipts
$154,870
Mission and Program Overview

Mission

Terraset uses philanthropic capital to purchase permanent, high-quality carbon removal. We pool donations from individuals, foundations, family offices, and donor advised funds, and make strategic purchases of high-quality carbon removal from innovative projects and companies.

Terraset is a 501(c)(3) that uses philanthropic capital to purchase permanent, high-quality carbon removal. We pool tax-deductible donations from individuals, foundations, family offices, and donor advised funds, and make strategic purchases of permanent, high-quality carbon removal from innovative projects and companies.

Program Services

DescriptionGrantsExpenses
LAUNCHED IN OCTOBER 2022. TERRASET PURCHASED CARBON REMOVAL FROM TWO CDR COMPANIES, HEIRLOOM AND CHARM INDUSTRIAL.$0$34,186
Compensation and Service Providers
Top Officer Pay81st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
ERZSI SOUSAInterim DirectorPT$8,000-$8,000
ALEX ROETTERPresidentPT$0--
ADAM SMITHTreasurer-$0--
JEREMY GINSBERGSecretary-$0--
CHRIS WEDDINGCo-FounderPT$0--
Filing and Contact Details

Filer

Filer Name
Terraset
EIN
88-1122351
Phone
4156249320
Address
2525 ARAPAHOE AVE STE E4 706, BOULDER, CO 80302

Signing Officer

Name
Alex Roetter
Title
President
Phone
4156249320
Signed
2023-07-18
Discuss with paid preparer
Yes

Preparer

Firm
Blackman & Sloop Cpas Pa
Address
1414 RALEIGH ROAD SUITE 300, CHAPEL HILL, NC 27517
Preparer
Elizabeth Mauch
Phone
9199428700
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 14

“Description: depreciation/amortization. Amount: 532.”

Form 990-ez, Part I, Line 16 - Other Expenses

“Description: advertising. Amount: 9,000. Description: information technology. Amount: 931. Description: misc. Amount: 21. Description: carbon offsets. Amount: 34,186. Total to form 990-ez, line 16: 44,138.”

Form 990-ez, Part II, Line 24 - Other Assets

“Description: other depreciable assets. Beg. Of year amount: 0. End of year amount: 9,037.”

Form 990-ez, Part II, Line 26 - Other Liabilities

“Description: donation refund payable. Beg. Of year amount: 0. End of year amount: 6,357.”

Raw XML Appendix162 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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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0BOULDER
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt48000
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0ALEX ROETTER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1ADAM SMITH
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JEREMY GINSBERG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3CHRIS WEDDING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4ERZSI SOUSA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CO-FOUNDER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4INTERIM DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt00
IRS990EZ/OtherAssetsTotalDetail/EOYAmt09037
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt044138
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0TERRASET IS A 501(C)(3) THAT USES PHILANTHROPIC CAPITAL TO PURCHASE PERMANENT, HIGH-QUALITY CARBON REMOVAL. WE POOL TAX-DEDUCTIBLE DONATIONS FROM INDIVIDUALS, FOUNDATIONS, FAMILY OFFICES, AND DONOR ADVISED FUNDS, AND MAKE STRATEGIC PURCHASES OF PERMANENT, HIGH-QUALITY CARBON REMOVAL FROM INNOVATIVE PROJECTS AND COMPANIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0LAUNCHED IN OCTOBER 2022. TERRASET PURCHASED CARBON REMOVAL FROM TWO CDR COMPANIES, HEIRLOOM AND CHARM INDUSTRIAL.
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt034186
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt08000
IRS990EZ/SchoolOperatingInd00
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IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt00
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt06357
IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt058304
IRS990EZ/TotalProgramServiceExpensesAmt034186
IRS990EZ/TotalRevenueAmt0154870
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.TERRASETCLIMATE.ORG
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE ORGANIZATION WAS FOUNDED DURING 2022 AND WILL BE OPERATING BASED ON THE CALENDAR YEAR. 2022 NUMBERS WERE FOR THE SHORT YEAR MARCH 9 - DECEMBER 31, 2022.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, SHORT YEAR EXPLANATION:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0154870
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0154870
IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalSupportAmt0154870
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DESCRIPTION: DEPRECIATION/AMORTIZATION. AMOUNT: 532.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION: ADVERTISING. AMOUNT: 9,000. DESCRIPTION: INFORMATION TECHNOLOGY. AMOUNT: 931. DESCRIPTION: MISC. AMOUNT: 21. DESCRIPTION: CARBON OFFSETS. AMOUNT: 34,186. TOTAL TO FORM 990-EZ, LINE 16: 44,138.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION: OTHER DEPRECIABLE ASSETS. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 9,037.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3DESCRIPTION: DONATION REFUND PAYABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 6,357.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES
TransferPrsnlBnftContractsDecl/DeclarationDesc0THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd00
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ALEX ROETTER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04156249320
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-07-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0TERRASET
ReturnHeader/Filer/BusinessNameControlTxt0TERR
ReturnHeader/Filer/EIN0881122351
ReturnHeader/Filer/PhoneNum04156249320
ReturnHeader/Filer/USAddress/AddressLine1Txt02525 ARAPAHOE AVE STE E4 706
ReturnHeader/Filer/USAddress/CityNm0BOULDER
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080302
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0561304727
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BLACKMAN & SLOOP CPAS PA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01414 RALEIGH ROAD SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CHAPEL HILL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd027517
ReturnHeader/PreparerPersonGrp/PhoneNum09199428700
ReturnHeader/PreparerPersonGrp/PreparationDt02023-07-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ELIZABETH MAUCH
ReturnHeader/ReturnTs02023-07-20T08:10:47-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ALEX
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ROETTER
ReturnHeader/TaxPeriodBeginDt02022-03-09
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$102,923
Liabilities
$6,357
Net assets
$96,566
Revenue
$154,870
Expenses
$58,304
Net income
$96,566
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.85$0.12$0.73$3.57$3.42$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$1.00$0.52$0.47
2022Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.10$0.15$0.06$0.10