Civic Intelligence

Hourglass Climate Inc

EIN 99-1349001 • 501(c)3 • Montclair, NJ

Profile

To protect the natural environment by strategically researching the safety and efficacy of ocean alkalinity enhancement ("oae")-based carbon dioxide removal techniques and disseminate the results of such research to accelerate responsible carbon dioxide removal and climate impact at scale.

Refreshing map…

18-20 Lackawanna Plaza Suite 300Montclair, NJ 07042

hourglassclimate.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

21st percentile

0.01x

Higher debt load relative to assets than 21% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

96th percentile

79%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

52nd percentile

$96,398

Higher top officer pay than 52% of similar nonprofits.

Top officer pay equals 1.3% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$6,052,544

No earlier filing loaded for comparison.

Liabilities

$63,432

No earlier filing loaded for comparison.

Net Assets

$5,989,112

No earlier filing loaded for comparison.

Revenue

$7,558,411

No earlier filing loaded for comparison.

Expenses

$1,569,299

No earlier filing loaded for comparison.

Net Income

$5,989,112

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$8.0M$6.0M$4.0M$2.0M$0Assets 2024: $6,052,544Liabilities 2024: $63,432Net Assets 2024: $5,989,1122024

Highlighted filing

2024

Assets$6,052,544
Liabilities$63,432
Net Assets$5,989,112

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0Revenue 2024: $7,558,411Expenses 2024: $1,569,299Net Income 2024: $5,989,1122024

Highlighted filing

2024

Revenue$7,558,411
Expenses$1,569,299
Net Income$5,989,112

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 18, 2024 to Dec 31, 2024
Signed
Oct 27, 2025
Return Version
2024v5.2
Gross Receipts
$7,558,411
Mission and Program Overview

Mission

To protect the natural environment by strategically researching the safety and efficacy of ocean alkalinity enhancement ("oae")-based carbon dioxide removal techniques and disseminate the results of such research to accelerate responsible carbon dioxide removal and climate impact at scale.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$0$5,175,812▲ $5,175,812
Cash and Non-Interest-Bearing Accounts$0$470,068▲ $470,068
Pledges and Grants Receivable$0$391,836▲ $391,836
Land, Buildings, and Equipment, Net$0$11,282▲ $11,282
Prepaid Expenses and Deferred Charges$0$3,546▲ $3,546
Total Assets$0$6,052,544▲ $6,052,544
Liabilities
Accounts Payable and Accrued Expenses$0$63,432▲ $63,432
Total Liabilities$0$63,432▲ $63,432
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$5,989,112-
Total Net Assets Fund Balance$0$5,989,112▲ $5,989,112
Total Liabilities and Net Assets / Fund Balance$0$6,052,544▲ $6,052,544

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$6,032$896$6,928
Other Land Buildings$5,250$1,350$6,600
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Margaret AndrewsExecutive DirectorFT$96,320$78$96,398

Board Members and Trustees

NameTitle
Antonius GagernSecretary
Kevin TidwellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,479,063
Program Service Revenue
$53,536
Investment Income
$25,812
Other Revenue
$0
All Other Contributions
$7,464,091
Change in Net Assets
$5,989,112

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,558,411
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$23,344
Total Revenue per Audited Statements
$7,581,755
Total Revenue per Form 990
$7,558,411
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$860,953
Other Expenses$708,346
Total Fundraising Expense$53,912
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$431,007$189,128$34,122$654,257
Fees for Services Other$336,559$32,861$1,685$371,105
Occupancy$111,484--$111,484
Current Officers, Directors, Trustees, and Key Employees$63,481$27,893$5,023$96,397
Payroll Taxes$43,569$18,953$3,754$66,276
Travel$22,818$17,675$5,062$45,555
Fees for Services Accounting-$40,250-$40,250
Other Employee Benefits$10,814$19,209$22$30,045
Fees for Services Legal-$21,938-$21,938
Pension Plan Contributions$5,031$8,937$10$13,978
Information Technology$910$9,367-$10,277
Conferences and Meetings$3,941-$4,234$8,175
Insurance-$6,252-$6,252
Office Expenses$3,100$722-$3,822
Depreciation Depletion$697$1,548-$2,245
Other Expenses$23,590$1,608-$1,608
Total Functional Expenses$1,119,023$396,364$53,912$1,569,299

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,592,643
Expenses per Audited Statements$1,569,299
Total Expenses per Form 990$1,569,299
Expenses Not Reported on Form 990$23,344
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
1
Spending
$65,011

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Europe (including Iceland & Greenland)Program ServicesConsulting01$65,011
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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
No
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 A, Line 8B

The organization's board of directors does not have any committees that have authority to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The board has designated management to review and approve the form 990 before filing with the irs.

Form 990, Part VI, Section B, Line 12C

Directors, officers, committee members, and key employees annually acknowledge the conflict of interest policy and submit written disclosure statements; the secretary reviews these and periodically reports to the board. For any potential conflict transaction, the interested person discloses all material facts, recuses, and does not vote or remain present during the decision, which is made only by disinterested directors. The board considers comparability data to ensure terms are reasonable and in the organization's best interests, and the minutes document the disclosures, recusals, data relied upon, approvals, and who was present/voted. Minutes are reviewed and approved at the next meeting.

Form 990, Part VI, Section B, Line 15A

Compensation of the executive director is approved by disinterested directors after review of appropriate comparability data, with the interested person recused. The board documents the basis for its determination in the minutes.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hourglass Climate Inc
EIN
99-1349001
Phone
9737680087
Address
18-20 LACKAWANNA PLAZA SUITE 300, MONTCLAIR, NJ 07042

Signing Officer

Name
Margaret Andrews
Title
Executive Director
Phone
9737680087
Signed
2025-10-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Andrews
Formed
2024
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
14
Volunteers
3

Preparer

Firm
Jm&m
Address
10500 LITTLE PATUXENT PARKWAY SUITE, 770, COLUMBIA, MD 21044
Preparer
Sean Mcelwaney
Phone
4108840220
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Fiscal sponsor fee: program service expenses 76,063. Management and general expenses 0. Fundraising expenses 0. Total expenses 76,063. Foreign consulting: program service expenses 65,011. Management and general expenses 0. Fundraising expenses 0. Total expenses 65,011. Program service contracts: program service expenses 190,901. Management and general expenses 0. Fundraising expenses 0. Total expenses 190,901. Other consulting: program service expenses 4,584. Management and general expenses 8,334. Fundraising expenses 1,685. Total expenses 14,603. Payroll admin fees: program service expenses 0. Management and general expenses 24,527. Fundraising expenses 0. Total expenses 24,527.

Financial Statement Notes

PART X, LINE 2:

The organization believes that it has appropriate support for any tax positions taken, and as such, does not have any uncertain tax positions that are material to the financial statements or that would have an effect on its tax-exempt status. There are no unrecognized tax benefits or liabilities that need to be recorded.

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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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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011282
IRS990ScheduleD/TotalExpensesPerForm990Amt01569299
IRS990ScheduleD/TotalRevenuePerForm990Amt07558411
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07581755
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01592643
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt065011
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE (INCLUDING ICELAND & GREENLAND)
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0CONSULTING
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt01
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt065011
IRS990ScheduleF/TotalEmployeeCnt01
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt065011
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S BOARD OF DIRECTORS DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD HAS DESIGNATED MANAGEMENT TO REVIEW AND APPROVE THE FORM 990 BEFORE FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AND SUBMIT WRITTEN DISCLOSURE STATEMENTS; THE SECRETARY REVIEWS THESE AND PERIODICALLY REPORTS TO THE BOARD. FOR ANY POTENTIAL CONFLICT TRANSACTION, THE INTERESTED PERSON DISCLOSES ALL MATERIAL FACTS, RECUSES, AND DOES NOT VOTE OR REMAIN PRESENT DURING THE DECISION, WHICH IS MADE ONLY BY DISINTERESTED DIRECTORS. THE BOARD CONSIDERS COMPARABILITY DATA TO ENSURE TERMS ARE REASONABLE AND IN THE ORGANIZATION'S BEST INTERESTS, AND THE MINUTES DOCUMENT THE DISCLOSURES, RECUSALS, DATA RELIED UPON, APPROVALS, AND WHO WAS PRESENT/VOTED. MINUTES ARE REVIEWED AND APPROVED AT THE NEXT MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY DISINTERESTED DIRECTORS AFTER REVIEW OF APPROPRIATE COMPARABILITY DATA, WITH THE INTERESTED PERSON RECUSED. THE BOARD DOCUMENTS THE BASIS FOR ITS DETERMINATION IN THE MINUTES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FISCAL SPONSOR FEE: PROGRAM SERVICE EXPENSES 76,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,063. FOREIGN CONSULTING: PROGRAM SERVICE EXPENSES 65,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,011. PROGRAM SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 190,901. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 190,901. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 4,584. MANAGEMENT AND GENERAL EXPENSES 8,334. FUNDRAISING EXPENSES 1,685. TOTAL EXPENSES 14,603. PAYROLL ADMIN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,527.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsEOYAmt06052544
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt06052544
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt07479063
IRS990/TotalEmployeeCnt014
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt053912
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0396364
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01119023
IRS990/TotalFunctionalExpensesGrp/TotalAmt01569299
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt063432
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt063432
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt05989112
IRS990/TotalOtherCompensationAmt078
IRS990/TotalProgramServiceExpensesAmt01119023
IRS990/TotalProgramServiceRevenueAmt053536
IRS990/TotalReportableCompFromOrgAmt096320
IRS990/TotalRevenueGrp/ExclusionAmt025812
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt053536
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt07558411
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt06052544
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt05062
IRS990/TravelGrp/ManagementAndGeneralAmt017675
IRS990/TravelGrp/ProgramServicesAmt022818
IRS990/TravelGrp/TotalAmt045555
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt018-20 LACKAWANNA PLAZA SUITE 300
IRS990/USAddress/CityNm0MONTCLAIR
IRS990/USAddress/StateAbbreviationCd0NJ
IRS990/USAddress/ZIPCd007042
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0HOURGLASSCLIMATE.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MARGARET ANDREWS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum09737680087
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HOURGLASS CLIMATE INC
ReturnHeader/Filer/BusinessNameControlTxt0HOUR
ReturnHeader/Filer/EIN0991349001
ReturnHeader/Filer/PhoneNum09737680087
ReturnHeader/Filer/USAddress/AddressLine1Txt018-20 LACKAWANNA PLAZA SUITE 300
ReturnHeader/Filer/USAddress/CityNm0MONTCLAIR
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NJ
ReturnHeader/Filer/USAddress/ZIPCd007042
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0521853933
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JM&M
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt010500 LITTLE PATUXENT PARKWAY SUITE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine2Txt0770
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COLUMBIA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd021044
ReturnHeader/PreparerPersonGrp/PhoneNum04108840220
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SEAN MCELWANEY
ReturnHeader/ReturnTs02025-10-28T08:57:54-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-18
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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