Boulder CO | IRS ruling year: 2022 | EIN: 88-1122351
An EIN is a unique nine-digit number that identifies a business for tax purposes.
An EIN is a unique nine-digit number that identifies a business for tax purposes.
Organization Mission
Terraset is a 501c3 that uses philanthropic capital to catalyze the nascent carbon removal industry. We pool tax-deductible donations from individuals, foundations, ... (More)
Rating Information
Not currently rated
Ratings are calculated from one or more beacon scores. Currently, we require either an Accountability & Finance beacon or an Impact & Measurement beacon to be eligible for a Charity Navigator rating. Note: The absence of a rating does not indicate a positive or negative assessment; it only indicates that we have not yet evaluated this organization.
See rating report below to learn why this organization is not currently eligible.
Historical Ratings
Charity Navigator's ratings previously did not consider Leadership & Adaptability, Culture & Community, or Impact & Measurement. The historic rating mainly reflects a version of today’s Accountability and Finance score. More information on our previous rating methodologies can be found on our rating methodology page.
Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!
Terraset cannot currently be evaluated by our Accountability & Finance methodology due to only having one year of electronically-filed IRS Form 990 data.
To ensure year-to-year consistency the Encompass Rating System's Accountability & Finance beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has one year of consecutive e-filed Forms 990 from the IRS for Terraset under the EIN: 88-1122351.
Before Charity Navigator can evaluate Terraset, Terraset will need to e-file for additional fiscal years.
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Click or hover over the bar to see exact $ amount
Salary of Key Persons - Data Available
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Adam Fraser, Ceo And President
$115,911
Erzsi Sousa, Int Dir Thr: 9/23, Secr Fr: 10/23
$35,600
Jeremy Ginsberg, Secretary Thr: 9/23
$0
Alex Roetter, Founder And Chair
$0
Adam Smith, Treasurer Thr: 9/23
$0
Source: IRS Form 990 (page 7), filing year 2023
IRS Published Data (Business Master File) - Data Available
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi) (BMF foundation code: 15)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources (IRS Forms 990) - Data Available
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage accountability and finance data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (Terraset) or EIN (881122351) in the 'Search Term' field.
Impact & Measurement
Score
66
This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
The Measuring Outcomes assessment evaluates how well a charity tracks progress towards its mission's outcomes.
Displayed below are the responses provided by the charity for the Measuring Outcomes assessment. Each question is designed to address specific criteria, with responses eligible for full, partial, or no credit. Please refer to the scoring rubric for details on how responses are scored.
This section assesses the use of crucial evaluation tools in program objective-setting and activities.
Charity leadership uses information collected to make decisions regarding programs
Agree, uses information collected to improve programs
Charity staff have training or experience in monitoring and evaluation
Agree, staff have experience working with monitoring and evaluation practices
Charity has documents and reviews how program activities lead to change
Agree, documents and reviews
Charity has researched program model before implementation in the following ways
Consulted other nonprofits
Referred to the practices of similar nonprofits
Surveyed target population
Charity revisits how program activities lead to change
Agree, does revisit how program activities lead to change
Charity tracks program progress in the following ways
Tracks activities
Tracks outcomes and impacts
Tracks using timelines and milestones
Program Development
13 out of 26 points
This section assesses the consideration of stakeholders in program objectives and activities.
Charity identifies program target population needs in the following ways
Conducted a needs assessment
Charity considers practical, cultural, and political needs and interests of those served by program
Partially agree, charity is responsive to some practical, cultural, or political needs
Charity reviews the work whether similar organizations work on the same problem
Agree, reviews the work of similar organizations
Charity uses SMART Goals
Partially agree, identified some Specific, Measurable, Achievable, Relevant, and Time-Bound (SMART) goals
Data Collection and Analysis
6 out of 18 points
This section assesses the best practices used in collecting and analyzing program data.
Charity tracks program information in the following ways
Collects data during program implementation
Charity collects programmatic information on those served by the program in the following ways
Identifies the number of those served by program
Collects information about the quality of service from the target population
Charity collects and analyzes program information to determine results in the following ways
Generates summary statistics of key metrics
Reporting and Distribution of Results
12 out of 18 points
This section assesses reporting and disseminating program results.
Charity reports program results to key stakeholders
Board members
Participants/beneficiaries of our work
Charity reports both favorable and unfavorable results
Yes, charity reports both favorable of unfavorable results
Use of Results
9 out of 9 points
This section assesses the use of results to guide learning.
Charity uses program results to inform future work for the following reasons
Sustain and secure funding
Inform strategic planning
Improve program operations
Understand the impact of their work
Inform how we create future programs
Culture & Community
Not Currently Scored
Terraset cannot currently be evaluated by our Culture & Community methodology because we have not received data from the charity regarding its Constituent Feedback or Equity Practices strategies.
Note: The absence of a score does not indicate a positive or negative assessment, it only indicates that we have not yet evaluated the organization.
This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission.
Terraset is a 501c3 that uses philanthropic capital to catalyze the nascent carbon removal industry. 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.
Vision Statement
10 out of 10 points
The nonprofit organization presents evidence of strategic thinking through articulating the organization's vision.
Terraset’s vision is a strong, resilient, and diverse CDR sector that enables a healthy and equitable planet for all.
Strategic Goals
20 out of 20 points
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Terraset plans to scale our efforts from 5M USD in 2024 to 15M USD in 2025. We believe this will enable us to further develop the CDR sector, support additional companies and build philanthropy's role in the space.
Goal Two: Terraset plans to support an additional 15 companies (from 12 in 2024) ranging across methodology, region and size.
Leadership
30 out of 30 points
Full Credit
Partial Credit
No Credit
Investment in Leadership Development
15 out of 15 points
The nonprofit provides evidence of investment in leadership development.
Leadership Conferences and Networking Events
Formal Education and Certifications/Training Programs
External Focus on Mobilizing Mission
15 out of 15 points
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Collaborative Engagement
Thought Leadership
Social Promotion
Adaptability
30 out of 30 points
Full Credit
Partial Credit
No Credit
Adaptability Statement
30 out of 30 points
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.