Overview
What is Terreform One Corporation?
Terreform One Corporation, based in Brooklyn, New York, is a pioneering organization dedicated to envisioning and implementing innovative solutions for sustainable living. They specialize in various sectors, including energy, transportation, infrastructure, buildings, waste treatments, food, and water, with a focus on empowering local communities. Their mission extends beyond concept development, incorporating technology to promote sustainability and educating the public on these concepts. Terreform One Corporation was hired to design a future street furniture system for NEOM, a project aimed at fostering a future-forward environment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 78%, Three-Star out of Four Star Rating
Terreform One Corporation has earned a solid Three-Star rating from Charity Navigator, reflecting a relatively strong performance in accountability and finance with a score of 90%. The organization demonstrates high standards in governance, as evidenced by 100% of its board members being independent and maintaining comprehensive policies such as a conflict of interest and whistleblower policy.
In terms of financial health, Terreform One shows a strong program expense ratio of 78.59%, indicating that a significant portion of its funds is directed towards its programs rather than administrative costs. The organization's liabilities to assets ratio stands at a healthy 37.09%, suggesting manageable debt levels relative to its assets.
While the organization excels in accountability and finance, it should continue to build on its strengths in leadership and adaptability, where it has received a perfect score. This suggests a proactive approach to leadership development and responsiveness to changes, which are crucial for sustaining its mission in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Terreform One Corporation legitimate?
Terreform One Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terreform One Corporation 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: $64,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Terreform One Corporation?
Terreform One Corporation's mission is centered around developing innovative concepts and technologies for promoting local sustainability. Their focus areas include energy, transportation, infrastructure, buildings, waste treatments, food, and water. Additionally, they aim to educate the public on these topics. The corporation strives to contribute to a sustainable future by implementing these concepts and technologies. Their work is not limited to a specific location. In Neom, for instance, they were commissioned to design a future street furniture system.
Who is the CEO of Terreform One Corporation?
Vivian Kuan is the Board Member of Terreform One Corporation.
What is the revenue of Terreform One Corporation?
Terreform One Corporation's revenue in 2022 was $1,493,203.
Who are the executives of Terreform One Corporation and what are their salaries?
There 8 volunteers at Terreform One Corporation.
Here are 13 key members and their salaries:
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- Compensation: $64,000
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Where can I find the form 990 for Terreform One Corporation?
Terreform One Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terreform One Corporation
Terreform One Corporation is dedicated to innovating concepts and technologies for local sustainability. Their mission encompasses various sectors such as energy, transportation, infrastructure, buildings, waste treatments, food, and water. The organization's primary goal is to promote sustainability at a local level and educate the public on these matters. Terreform One Corporation strives to push boundaries and embody pioneering ideas in a world inspired by imagination. They are not specified to a particular location, indicating a broad scope of their work.
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Impact
October, 2024
Terreform One Corporation focuses on pioneering innovative concepts and technologies aimed at achieving local sustainability across various sectors, including energy, transportation, infrastructure, buildings, waste treatment, food, and water. By developing solutions that address contemporary environmental challenges, it significantly contributes to enhancing sustainable practices at local levels.
One of their notable projects is their involvement in the NEOM initiative, a groundbreaking venture designed to create a futuristic city that redefines urban living. Terreform One was tasked with conceiving advanced street furniture systems for NEOM, showcasing their commitment to integrating sustainability with imaginative urban design. Through their efforts, they actively engage in educating the public about sustainable practices, thereby fostering greater awareness and participation in environmental stewardship among communities.
Overall, Terreform One plays a crucial role in inspiring and implementing innovative approaches to sustainability, influencing both local practices and broader discussions about the future of urban living and environmental responsibility.
This information is meant to be a general summary of Terreform One Corporation. 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: $1,388,592
- Gross Receipts: $1,493,203
Assets and Liabilities:
- Total Assets: $879,793
- Total Liabilities: $326,344
- Net Assets: $553,449
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ART COMMISSION INCOME
Revenue
$6,300
DESIGN SERVICES
Revenue
$1,289,400
EDUCATION REVENUE
Revenue
$49,181
SPEAKING ENGAGEMENT INCOME
Revenue
$673
STUDIO COLLABORATIONS
Revenue
$6,288
Organization Details
Founding Year
2008
Phone
(646) 369-0659Principal Officer
Vivian Kuan
Main Address
NEW LAB 19 MORRIS AVENUE, BROOKLYN, NY, 11205
NTEE Category
Code: B990 - Education
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