Overview
What is B612 Foundation?
The B612 Foundation, based at 20 Sunnyside Avenue F, Mill Valley, California, is a nonprofit organization dedicated to safeguarding Earth from potential asteroid impacts. Their primary focus lies in the development of scientific and technological tools to comprehend, map, and navigate our solar system. In 2022, their projects included advancing the Asteroid Discovery Analysis and Mapping (ADAM) project, linking millions of asteroid detections into predictable orbits. The foundation also published research papers, expanded its engineering team, and fostered asteroid research activities through its partnership with the University of Washington. The B612 Foundation employs a team of seven individuals, working tirelessly to ensure the safety of our planet.
Official website here: www.b612foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
The B612 Foundation has achieved a solid Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The charity scored an impressive 89% overall, primarily derived from its accountability metrics, which indicate a high level of transparency and responsible management. Key strengths include a fully independent board, comprehensive audits, and adherence to rigorous financial oversight practices.
Strengths highlighted in the data include a perfect score in areas such as conflict of interest policies, documentation of board meeting minutes, and management of financial statements. With an 83.33% program expense ratio, the foundation effectively directs a significant portion of its funds towards its mission, demonstrating a commitment to maximizing impact. Furthermore, the fundraising efficiency is commendable, requiring only five cents to raise a dollar, which underscores the organization's resourcefulness.
However, there are some limitations, particularly regarding the liabilities to assets ratio, which stands at 49.12%. While this is not alarming, it suggests a need for ongoing attention to financial stability. Overall, the B612 Foundation exemplifies strong financial integrity and accountability while also delivering a substantial portion of its resources to support its programs.
This AI summary has been generated from information found on Charity Navigator.
Is B612 Foundation legitimate?
B612 Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. B612 Foundation 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: $388,620
Professional Fundraising Fees: $0
Other Salaries and Wages: $244,540
For more financial information, click here
Official website here: www.b612foundation.org
What is the mission statement of B612 Foundation?
The B612 Foundation's mission is focused on advancing our understanding of the solar system and safeguarding Earth. They achieve this by developing cutting-edge tools and technologies to map and navigate our celestial neighborhood, as well as defending our planet from potential asteroid impacts. The foundation's Asteroid Institute spearheads these activities, with projects like the Asteroid Discovery Analysis and Mapping (ADAM), which connects and predicts the trajectories of numerous asteroids. They also engage in research, present their findings, expand their engineering team, and support asteroid research fellows through partnerships with universities.
Official website here: www.b612foundation.org
Who is the CEO of B612 Foundation?
Danica Remy is the Board Director/President of B612 Foundation.
Official website here: www.b612foundation.org
What is the revenue of B612 Foundation?
B612 Foundation's revenue in 2022 was $4,010,605.
Official website here: www.b612foundation.org
Who are the executives of B612 Foundation and what are their salaries?
The average compensation at B612 Foundation during 2022 was $90,451. There are 7 employees and 6 volunteers at B612 Foundation.
Here are 9 key members and their salaries:
- Compensation: $176,500
- Related: $0
- Other: $38,040
- Compensation: $114,260
- Related: $0
- Other: $59,820
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $125,000
- Related: $0
- Other: $8,524
Official website here: www.b612foundation.org
Where can I find the form 990 for B612 Foundation?
B612 Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.b612foundation.org
Learn more at the official website: www.b612foundation.org
Mission Statement of B612 Foundation
The B612 Foundation is dedicated to advancing its mission of understanding, mapping, and navigating our solar system, as well as safeguarding Earth from potential asteroid impacts. This nonprofit organization operates through its Asteroid Institute program, which spearheads various scientific and technological initiatives. One of its significant projects is the Asteroid Discovery Analysis and Mapping (ADAM), a system that connects millions of asteroid detections into precise, predictable orbits. Moreover, the B612 Foundation contributes to the field by publishing and presenting research papers, expanding its engineering staff, and supporting asteroid research fellows in collaboration with the University of Washington. Through these efforts, the B612 Foundation plays a crucial role in enhancing our understanding of the cosmos and protecting our planet from potential hazards.
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Impact
July, 2024
The B612 Foundation is at the forefront of developing tools and technologies to understand, map, and navigate our solar system, with a specific focus on protecting our home planet from asteroid impacts. Through their Asteroid Institute program, the foundation has been actively involved in projects such as the Asteroid Discovery Analysis and Mapping (ADAM) project, which aims to track millions of moving objects, like asteroids, and predict their orbits. By publishing papers, growing their engineering staff, and collaborating with research fellows, including through partnerships with institutions like the University of Washington, the B612 Foundation is making significant strides in advancing science research in the field of asteroid detection and mitigation.
This information is meant to be a general summary of B612 Foundation. 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: $5,831
- Gross Receipts: $4,010,715
Assets and Liabilities:
- Total Assets: $4,289,254
- Total Liabilities: $2,107,036
- Net Assets: $2,182,218
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Organization Details
Founding Year
2003
Phone
(650) 644-4539Principal Officer
Danica Remy
Main Address
20 Sunnyside Avenue F, Mill Valley, CA, 94941
Website
www.b612foundation.orgNTEE Category
Code: U31 - Science research
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