Overview
What is 1st Street Foundation Inc?
The 1st Street Foundation Inc, based in Brooklyn, New York, is a dedicated nonprofit organization that focuses on making climate risks more comprehensible and actionable for individuals, governments, and industry. They have collaborated with top academic and for-profit institutions, such as the Pyregence Consortium, to develop a nationwide, high-resolution wildfire model that integrates various factors to predict fire behavior. In 2022, the Foundation launched Fire Factor, expanded Flood Factor, and introduced Heat Factor, addressing multiple climate perils. They also partnered with NASA to enhance climate risk modeling and promote applied science research. Throughout the year, the Foundation released national reports on wildfires and heat, launched an enhanced RiskFactor.com tool, and integrated its data into leading real estate portal websites. Partnerships with government agencies and financial institutions further spread climate risk data, impacting home buying and selling decisions. The Foundation's revenue from data license agreements significantly increased in 2022, reflecting its growing influence in the field. With a mission to make climate risk understandable and actionable, the 1st Street Foundation continues to contribute towards climate resilience and awareness.
Official website here: www.firststreet.org
What are the reviews and ratings of this charity?
**Charity Navigator Rating: 77% (Three-Star out of Four Star Rating)**
1st Street Foundation Inc has achieved a 77% rating on Charity Navigator, indicating a solid level of accountability and financial health, albeit with room for improvement. The evaluation primarily focuses on their governance practices, financial sustainability, and compliance with best practices, all of which contribute to their overall trustworthiness. While the foundation has effective financial oversight, with no material diversion of assets and commendable fundraising efficiency, the limited number of independent board members raises concerns about governance diversity.
The organization has demonstrated strong commitment in several key areas, such as having clear policies on conflicts of interest and ensuring audit processes are rigorously followed. However, the metrics related to liabilities and overall independence of the board suggest that the foundation may benefit from enhancing its governance structure to improve oversight and representation.
User reviews from GreatNonprofits were not available for this summary. Nonetheless, the organization's strong financial health and transparency are notable strengths, although potential donors and volunteers might want to consider the governance aspects highlighted in the Charity Navigator rating.
This AI summary has been generated from information found on Charity Navigator.
Is 1st Street Foundation Inc legitimate?
1st Street Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. 1st Street Foundation 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: $761,480
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,140,003
For more financial information, click here
Official website here: www.firststreet.org
What is the mission statement of 1st Street Foundation Inc?
The 1st Street Foundation's mission is centered around making climate risks more understandable and actionable for various entities, including individuals, governments, and industries. Throughout the year 2022, the foundation collaborated with top academic and commercial institutions in the field of wildfires to develop a nationally available, high-resolution wildfire model. This model integrates information on fuels, wildfire weather, ignition, and property parcels. In response to growing demand, the foundation launched Fire Factor in May 2022, followed by Heat Factor in August. The foundation also enhanced and expanded its Flood Factor model to include Hawaii, Alaska, and Puerto Rico, and began work on Wind Factor. The foundation partnered with NASA to enhance climate risk modeling and promote applied science research. It released two national reports, "Fueling the Flames" and "Hazardous Heat," and partnered with several government agencies and financial institutions to communicate climate risk. The foundation's data license agreements revenue increased significantly in 2022.
Official website here: www.firststreet.org
Who is the CEO of 1st Street Foundation Inc?
Matthew Eby is the President & Executive Director of 1st Street Foundation Inc.
Official website here: www.firststreet.org
What is the revenue of 1st Street Foundation Inc?
1st Street Foundation Inc's revenue in 2022 was $7,692,421.
Official website here: www.firststreet.org
Who are the executives of 1st Street Foundation Inc and what are their salaries?
The average compensation at 1st Street Foundation Inc during 2022 was $105,445. There are 37 employees at 1st Street Foundation Inc.
Here are 9 key members and their salaries:
- Compensation: $399,282
- Related: $0
- Other: $9,864
- Compensation: $342,469
- Related: $0
- Other: $9,864
- Compensation: $270,433
- Related: $0
- Other: $9,864
- Compensation: $199,675
- Related: $0
- Other: $9,864
- Compensation: $170,612
- Related: $0
- Other: $9,864
- Compensation: $150,730
- Related: $0
- Other: $9,864
- Compensation: $138,045
- Related: $0
- Other: $9,864
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.firststreet.org
Where can I find the form 990 for 1st Street Foundation Inc?
1st Street Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.firststreet.org
Learn more at the official website: www.firststreet.org
Mission Statement of 1st Street Foundation Inc
1st Street Foundation Inc is committed to making climate risk comprehensible, straightforward, and actionable for various stakeholders, such as individuals, governments, and businesses. The organization's mission is to break down the complexity of climate risks, making it easier for individuals and organizations to understand and respond to these threats accordingly. By partnering with leading academic and commercial institutions in the field of wildfires, the foundation has developed a nationwide, high-resolution climate-adjusted wildfire model. This model integrates information on fuels, wildfire weather, and ignition into a fire behavior model, providing risk assessments for every property parcel in the country.
In addition to wildfire risks, 1st Street Foundation Inc has expanded its offerings to include flood, heat, and wind factors. These climate perils are increasingly impacting communities across the United States, and the foundation's goal is to make this data accessible to individuals and organizations. By integrating its climate risk data into popular real estate portal websites, the foundation is ensuring that millions of Americans have access to flood risk data during their home buying and selling process. The foundation has also partnered with various government agencies and financial institutions to provide them with climate risk data for internal analysis and policy-making.
The foundation has also released several reports highlighting the prevalence and impacts of climate-driven hazards, such as the "Fueling the Flames" report on wildfires and the "Hazardous Heat" report on extreme temperatures and heat waves. By quantifying the economic impacts of climate change and promoting climate risk awareness, the foundation aims to inspire individuals, communities, and government agencies to take action. Through its partnership with NASA, the foundation is also working to enhance climate risk modeling and promote applied science research. Overall, 1st Street Foundation Inc's mission is to empower individuals and organizations to make informed decisions about climate risks and take proactive steps to mitigate their impacts.
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Impact
July, 2024
1st Street Foundation Inc has made a significant impact by making climate risk accessible, easy to understand, and actionable for individuals, governments, and industry. This organization has partnered with academic and for-profit institutions to create high-resolution climate adjusted wildfire, flood, and heat models that provide detailed risk information for every property parcel in the country. By releasing tools like Flood Factor, Fire Factor, and Heat Factor, they have enabled individuals to better understand their exposure to climate risks and take necessary precautions. Additionally, their collaboration with NASA has enhanced climate risk modeling and promoted awareness of the impacts of a changing climate.
Furthermore, 1st Street Foundation Inc's partnerships with real estate portals, government agencies, financial institutions, and private businesses have extended the reach of their data and insights, ensuring that millions of individuals have access to valuable climate risk information. By integrating climate risk data into home buying processes, policy decision-making, and financial analyses, this organization has played a crucial role in raising awareness and facilitating informed actions to mitigate the impacts of climate change.
This information is meant to be a general summary of 1st Street Foundation 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: $1,530,926
- Gross Receipts: $7,692,421
Assets and Liabilities:
- Total Assets: $4,391,644
- Total Liabilities: $773,757
- Net Assets: $3,617,887
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SUBSCRIPTION SALES
Revenue
$1,530,926
Organization Details
Founding Year
2016
Phone
(718) 509-0074Principal Officer
Matthew Eby
Main Address
215 Plymouth Street 3rd Floor, BROOKLYN, NY, 11201
Website
www.firststreet.orgNTEE Category
Code: B60 - Education
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