Overview
What is The Gold Standard Foundation Usa Inc?
The Gold Standard Foundation Usa Inc, located in Lincoln, Massachusetts, serves as an educational platform, focusing on instructing various stakeholders on the design of high-quality carbon offset projects that promote community development in low-income areas. The organization, with a dedicated team of nine employees, aims to bridge the gap between general public, governments, and corporations by providing them with knowledge on how to utilize carbon offset projects as a means for stimulating community growth. Their mission encompasses fostering an understanding of how to create superior carbon offset projects.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 57% (One-Star out of Four Stars)
The Gold Standard Foundation USA Inc has received a One-Star rating from Charity Navigator, indicating significant areas of concern regarding its accountability and financial practices. While the organization boasts a fully independent board, it has been marked down for the size of that board, with only two independent members. Additionally, the foundation's whistleblower and document retention policies are missing, raising questions about its governance and transparency.
Financially, the foundation shows some strengths, such as a solid program expense ratio of 64.55%, suggesting that a majority of its expenditures are directed towards its programs. However, its liabilities to assets ratio of 77.89% is concerning, indicating potential financial instability. While the organization has successfully avoided material diversions of assets and has established a conflict of interest policy, the absence of key financial documentation on its website may hinder donor confidence.
Overall, while The Gold Standard Foundation USA Inc demonstrates some positive attributes in governance and program spending, the lack of essential policies and concerning financial ratios highlight significant challenges that the organization must address to improve its rating and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is The Gold Standard Foundation Usa Inc legitimate?
The Gold Standard Foundation Usa Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gold Standard Foundation Usa Inc 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: $81,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $333,698
For more financial information, click here
What is the mission statement of The Gold Standard Foundation Usa Inc?
The Gold Standard Foundation USA's mission is centered around educating a broad spectrum of entities, including the general public, governments, and corporations, on the design of high-quality carbon offset projects. The foundation aims to foster an understanding of how these projects can stimulate community development in low-income communities, while integrating local participation. Their goal is to empower stakeholders in the carbon market to design projects that are both effective and socially beneficial.
Who is the CEO of The Gold Standard Foundation Usa Inc?
Lisa Rosen is the President of The Gold Standard Foundation Usa Inc.
What is the revenue of The Gold Standard Foundation Usa Inc?
The Gold Standard Foundation Usa Inc's revenue in 2022 was $612,248.
Who are the executives of The Gold Standard Foundation Usa Inc and what are their salaries?
The average compensation at The Gold Standard Foundation Usa Inc during 2022 was $46,094. There are 9 employees at The Gold Standard Foundation Usa Inc.
Here are 2 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $81,145
- Related: $0
- Other: $2,805
Where can I find the form 990 for The Gold Standard Foundation Usa Inc?
The Gold Standard Foundation Usa Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of The Gold Standard Foundation Usa Inc
The Gold Standard Foundation USA, a non-profit organization, was established with a mission to enlighten the general public, governments, and for-profit corporations on the effective utilization of carbon offset projects to stimulate community development in low-income communities. Specifically, the Foundation aims to educate these entities on how to design high-quality carbon offset projects that integrate local community participation. By doing so, the Foundation seeks to ensure that carbon offset initiatives not only reduce greenhouse gas emissions but also bring about positive, sustainable change in the communities where they are implemented.
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Impact
July, 2024
The Gold Standard Foundation Usa Inc educates the public, governments, and corporations on designing high-quality carbon offset projects that stimulate community development in low-income areas. Their work focuses on integrating local community participation and ensuring that carbon offset projects are implemented effectively. This impact helps raise awareness about sustainable practices and contributes to environmental protection efforts.
This information is meant to be a general summary of The Gold Standard Foundation Usa Inc. 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.
- Program Service Revenue: $610,748
- Gross Receipts: $612,248
Assets and Liabilities:
- Total Assets: $28,884
- Total Liabilities: $22,500
- Net Assets: $6,384
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CARBON OFFSET EDUCATIO
Revenue
$610,748
Organization Details
Founding Year
2010
Phone
(617) 429-3149Principal Officer
Lisa Rosen
Main Address
53 BEDFORD ROAD, LINCOLN, MA, 01773
NTEE Category
Code: C60 - Environment
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