Overview
What is Carbon Offsets To Alleviate Poverty?
Carbon Offsets To Alleviate Poverty (COTAP) is a nonprofit organization based in Walnut Creek, California, dedicated to addressing climate change and global poverty. Their primary mission is to counteract carbon emissions through certified forestry projects in underdeveloped regions, creating sustainable and life-changing income for rural farming communities with income levels as low as $2 per day. In 2022, COTAP facilitated the offsetting of 17,564.674 tonnes of carbon emissions, raising $237,123.10 for partner projects in various countries like Nicaragua, Uganda, India, Fiji, Indonesia, and Mexico. Despite some setbacks such as a market crash for cryptocurrency and a major website hack, COTAP continued its activities and even embarked on a project visit to the Khasi Hills Community REDD+ Project in Meghalaya, India. In January 2023, they released a documentary titled "May The Forest Be With You: COTAP Visits The Khasi Hills," showcasing the project's activities, accomplishments, and community benefits.
Official website here: www.cotap.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Carbon Offsets To Alleviate Poverty has received a Two-Star out of Four Star rating from Charity Navigator, indicating a need for improvement in certain accountability and financial aspects. While the organization boasts a high Program Expense Ratio of 82.78%, which suggests efficient spending on programs, it has also noted weaknesses in governance policies such as the absence of a whistleblower and document retention policy. Additionally, the liabilities to assets ratio reflects potential financial concerns.
On a positive note, the nonprofit excels in fostering a positive culture and community, achieving a perfect score in this area. User feedback is also overwhelmingly favorable, with a donor highlighting the impactful dual focus on carbon offsets and poverty alleviation, emphasizing the organization's ability to address significant global challenges through donations.
Overall, while the organization effectively engages its community and utilizes feedback, it still faces challenges in governance practices and financial oversight that it must address to improve its rating and transparency.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Carbon Offsets To Alleviate Poverty legitimate?
Carbon Offsets To Alleviate Poverty is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carbon Offsets To Alleviate Poverty submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $64,733
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.cotap.org
What is the mission statement of Carbon Offsets To Alleviate Poverty?
The mission of Carbon Offsets to Alleviate Poverty (COTAP) is geared towards empowering individuals and organizations in developed countries to address both climate change and global poverty. COTAP achieves this by counteracting carbon emissions through certified forestry projects in underdeveloped regions. These projects create transparent, accountable, and life-changing earnings for rural farming communities whose income levels are below $2 per day. In essence, COTAP aims to make a tangible impact on the lives of those in need while contributing to the fight against climate change.
Official website here: www.cotap.org
Who is the CEO of Carbon Offsets To Alleviate Poverty?
Timothy R Whitley is the Ceo of Carbon Offsets To Alleviate Poverty. The CEO's salary of Carbon Offsets To Alleviate Poverty is $64,733 and their total compensation is $64,733.
Official website here: www.cotap.org
What is the revenue of Carbon Offsets To Alleviate Poverty?
Carbon Offsets To Alleviate Poverty's revenue in 2022 was $360,304.
Official website here: www.cotap.org
Who are the executives of Carbon Offsets To Alleviate Poverty and what are their salaries?
The average compensation at Carbon Offsets To Alleviate Poverty during 2022 was $64,733. There is 1 employee at Carbon Offsets To Alleviate Poverty.
Here are 4 key members and their salaries (Carbon Offsets To Alleviate Poverty's CEO's salary is $64,733 and their total compensation is $64,733):
- Compensation: $64,733
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.cotap.org
Where can I find the form 990 for Carbon Offsets To Alleviate Poverty?
Carbon Offsets To Alleviate Poverty's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.cotap.org
Learn more at the official website: www.cotap.org
Mission Statement of Carbon Offsets To Alleviate Poverty
Carbon Offsets To Alleviate Poverty (COTAP) is an organization dedicated to tackling two pressing issues: climate change and global poverty. In a unique approach, COTAP counteracts carbon emissions generated in developed countries by supporting certified forestry projects in underdeveloped regions. These projects not only help mitigate the effects of carbon emissions but also provide sustainable, accountable, and life-transforming earnings for rural farming communities that typically earn less than $2 per day. By doing so, COTAP empowers individuals and organizations to address both climate change and poverty, thereby making a significant impact on the lives of those in need.
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Impact
June, 2024
Carbon Offsets To Alleviate Poverty's impact can be seen in the significant contributions it has made towards addressing climate change and global poverty. By empowering individuals and organizations in developed countries to offset their carbon emissions through certified forestry projects in least-developed regions, COTAP is not only reducing the carbon footprint but also creating transparent and accountable earnings for rural farming communities living in poverty.
In 2022, COTAP facilitated the offset of 17,564.674 tonnes of carbon emissions, raising $237,123.10 in funding for partner projects in regions like Nicaragua, Uganda, India, Fiji, Indonesia, and Mexico. This financial support has had a direct and tangible impact on the lives of those in impoverished communities, where income levels are less than $2 per day.
Through its initiatives and activities, COTAP is actively working towards creating a more sustainable and equitable future by fighting both climate change and global poverty simultaneously.
This information is meant to be a general summary of Carbon Offsets To Alleviate Poverty. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $345
- Gross Receipts: $360,304
Assets and Liabilities:
- Total Assets: $291,116
- Total Liabilities: $223,070
- Net Assets: $68,046
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Organization Details
Founding Year
2010
Phone
(510) 846-3384Principal Officer
Timothy R Whitley
Main Address
1200 Mt Diablo Blvd Ste 111, Walnut Creek, CA, 94596
Website
www.cotap.orgNTEE Category
Code: C35 - Environment
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