Overview
What is Greenstand?
Greenstand is a nonprofit organization based in Anchorage, Alaska, dedicated to addressing poverty alleviation and environmental restoration through a unique tree tracking system. The system, currently in development, aims to digitally monitor and compensate farmers for growing individual trees, thereby fostering reforestation efforts. Key aspects of Greenstand's mission include ecological benefits, such as tree planting and growth, biodiversity enhancements, carbon sequestration, and land restoration; community engagement, involving various organizations, governmental entities, and growers; economic benefits, including the creation and distribution of tokens for farmers; market engagement, encompassing the integration of organizations into the model and the trading of tokens in the marketplace; and impact achievements, showcasing Greenstand's progress in tree captures, platform completion, and collaborations with organizations like the World Bank and GIZ. Although the technology is not yet complete, the organization has made significant strides in developing essential components like the Android tree tracking app, iOS tree tracking app, and various APIs. Despite the project's ongoing development, Greenstand remains committed to creating a global, open-source marketplace for sustainable, state-of-the-art tree planting and monitoring solutions.
Official website here: www.greenstand.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Greenstand has received a two-star rating from Charity Navigator, with an overall score of 65%. This indicates that while the organization shows strengths in certain areas, particularly in leadership and adaptability, there are significant concerns in its accountability and financial practices. The high scores in leadership indicate a well-managed organization, but the low score in accountability highlights several missing policies that are critical for transparency and governance.
The organization boasts a fully independent board, which is a positive aspect contributing to effective leadership. Additionally, Greenstand has a strong program expense ratio of 91.36%, demonstrating a commitment to allocating funds towards its mission. However, the absence of essential policies, such as a conflict of interest policy and a whistleblower policy, raises concerns about its governance framework and could potentially impact stakeholder trust.
Despite its aspirations to grow and enhance its tech offerings, the liabilities to assets ratio of 89.05% suggests a concerning financial position that may limit its operational capabilities. As Greenstand aims to onboard 5000 new tree growers by 2025, addressing its governance weaknesses and financial health will be crucial for achieving its strategic goals and maintaining donor confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Greenstand legitimate?
Greenstand is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greenstand 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.
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.greenstand.org
What is the mission statement of Greenstand?
Greenstand's mission is to create a global, digital marketplace for tracking and compensating farmers for growing individual trees as a means to support reforestation and alleviate poverty. The organization aims to engage communities through smart technology and fundraising mechanisms, while focusing on sustainable and state-of-the-art methods for planting and monitoring trees. The system has already captured over 2.4 million tree data in 2022, but the technology is still being refined to fully realize its potential for poverty alleviation on a global scale. The model is designed to evaluate various metrics related to ecological benefits, community engagement, economic benefits, market engagement, and impact achievements. Greenstand has made significant progress towards the completion of several key technologies, including the Admin Web Client, Android Tree tracking App, and iOS Tree Tracking app, among others, to enable the mass distribution of payments to farmers on a per-tree, incremental growth basis.
Official website here: www.greenstand.org
Who is the CEO of Greenstand?
David Ezra Jay is the President/Treas of Greenstand.
Official website here: www.greenstand.org
What is the revenue of Greenstand?
Greenstand's revenue in 2022 was $1,072,377.
Official website here: www.greenstand.org
Who are the executives of Greenstand and what are their salaries?
There 75 volunteers at Greenstand.
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Official website here: www.greenstand.org
Where can I find the form 990 for Greenstand?
Greenstand's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.greenstand.org
Learn more at the official website: www.greenstand.org
Mission Statement of Greenstand
Greenstand, an innovative organization, is dedicated to fostering global connections through advanced technology, fundraising mechanisms, and scientific research. Their primary mission is to establish a universal, open-source marketplace that digitally tracks and compensates farmers for cultivating individual trees, thereby driving reforestation efforts and addressing poverty.
By creating this digital ecosystem, Greenstand seeks to provide sustainable and state-of-the-art methods for planting and monitoring trees on a massive scale. This approach not only contributes to the restoration of degraded lands but also supports the local communities involved by offering economic benefits.
In 2022, Greenstand's tree tracking system saw over 2.4 million tree captures, marking a significant step towards realizing the potential of this model as a means of poverty alleviation on a global scale. The organization's activities are focused on evaluating various metrics, including ecological benefits, community engagement, economic benefits, market engagement, and impact achievements. Some of the key metrics they track include the number of trees planted, carbon sequestration, number of organizations using their services, value of tokens created, and number of growers paid.
However, it's important to note that the project is still in development, with several technologies yet to be finalized before the model can reach its full potential. Greenstand's team has been working diligently on the completion of various technical aspects, such as the Admin Web Client, Android and iOS Tree tracking Apps, and software testing and debugging, to name a few. Once these technologies are in place, Greenstand aims to distribute payments to farmers on a per-tree, incremental growth basis, marking a significant shift in the way reforestation initiatives can support local economies.
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Impact
June, 2024
Greenstand's impact is significant in the realm of reforestation and poverty alleviation. Through its smart-technology, fundraising mechanisms, and scientific research, Greenstand has been able to engage communities in planting and monitoring trees in a sustainable and state-of-the-art manner. In 2022, Greenstand's tree tracking system saw over 2.4 million tree captures uploaded, doubling their numbers and indicating a growing impact.
While the technology is still in development and certain metrics are pending completion, Greenstand has made notable achievements. They have supported various pay-to-grow operations, including urban reforestation efforts in Freetown, Sierra Leone. Additionally, they have secured service contracts from organizations like the World Bank and GIZ, indicating recognition and support for their work.
However, Greenstand faces challenges in reaching full completion and securing adequate funding. Despite these roadblocks, the team has made significant progress in developing the necessary technologies for mass distribution of payments to farmers based on tree growth. By focusing on completing the required technology, Greenstand is positioning itself for broader impact in the future.
This information is meant to be a general summary of Greenstand. 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: $1
- Gross Receipts: $1,072,377
Assets and Liabilities:
- Total Assets: $31,830
- Total Liabilities: $145,269
- Net Assets: -$113,439
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Organization Details
Founding Year
2015
Phone
(907) 342-2624Principal Officer
David Ezra Jay
Main Address
721 Depot Drive, Anchorage, AK, 99501
Website
www.greenstand.orgNTEE Category
Code: C36 - Environment
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