Overview
What is Blue Forest Finance Inc?
Blue Forest Finance Inc is a nonprofit organization based in Sacramento, California, with 29 employees. Their mission revolves around climate-resilient environmental interventions, particularly through consulting and financial strategies. They specialize in developing, designing, and implementing innovative finance models, such as the Forest Resilience Bond and strategies under Blue Forest Asset Management. These models facilitate ecosystem restoration and management, primarily aimed at reducing or mitigating extreme catastrophic wildfires and supporting the ecological management of natural resources. By collaborating with utilities, private companies, investors, and government entities at various levels, they develop and invest in conservation finance projects, companies, and initiatives that accelerate the pace and scale of restoration work.
Official website here: www.blueforest.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Star rating)
Blue Forest Finance Inc has achieved a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The organization has a strong score of 82% in the Accountability & Finance category, reflecting its commitment to responsible governance and effective management of resources. This score suggests that Blue Forest Finance Inc effectively utilizes its funds and maintains transparency in its operations.
Strengths highlighted in the evaluation include a majority independent board, strong financial oversight, and no material diversion of assets. The organization has received top scores for its conflict of interest and whistleblower policies, as well as for documenting board meeting minutes. Furthermore, its program expense ratio and fundraising efficiency are commendable, indicating that the majority of its expenditures are directed towards its programs, and it raises funds at a minimal cost.
While the overall rating is favorable, potential donors may want to consider the specific programs and initiatives Blue Forest Finance Inc undertakes to understand how their contributions would be utilized. No significant limitations were noted in the financial evaluation, which reflects well on the organization's operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Blue Forest Finance Inc legitimate?
Blue Forest Finance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue Forest Finance 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: $679,679
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,453,305
For more financial information, click here
Official website here: www.blueforest.org
What is the mission statement of Blue Forest Finance Inc?
Blue Forest Finance Inc's mission is centered around supporting climate-resilient environmental interventions. This mission is executed through consulting and financial strategies. The company focuses on developing innovative finance models, such as the Forest Resilience Bond and the strategies under Blue Forest Asset Management, to facilitate ecosystem restoration and management, specifically in the interest of reducing or mitigating extreme catastrophic wildfires and supporting the ecological management of natural resources. They collaborate with utilities, private companies, investors, and government entities at various levels to develop and invest in conservation finance projects, companies, and initiatives that accelerate the pace and scale of restoration work.
Official website here: www.blueforest.org
Who is the CEO of Blue Forest Finance Inc?
Zachary Knight is the Chief Scientist of Blue Forest Finance Inc. The CEO's salary of Blue Forest Finance Inc is $157,965 and their total compensation is $188,986.
Official website here: www.blueforest.org
What is the revenue of Blue Forest Finance Inc?
Blue Forest Finance Inc's revenue in 2022 was $5,334,916.
Official website here: www.blueforest.org
Who are the executives of Blue Forest Finance Inc and what are their salaries?
The average compensation at Blue Forest Finance Inc during 2022 was $73,551. There are 29 employees and 5 volunteers at Blue Forest Finance Inc.
Here are 11 key members and their salaries (Blue Forest Finance Inc's CEO's salary is $157,965 and their total compensation is $188,986):
- Compensation: $168,700
- Related: $0
- Other: $19,269
- Compensation: $162,684
- Related: $0
- Other: $19,815
- Compensation: $157,965
- Related: $0
- Other: $31,021
- Compensation: $125,983
- Related: $0
- Other: $16,974
- Compensation: $112,034
- Related: $0
- Other: $19,225
- Compensation: $102,626
- Related: $0
- Other: $17,599
- 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
Official website here: www.blueforest.org
Where can I find the form 990 for Blue Forest Finance Inc?
Blue Forest Finance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.blueforest.org
Learn more at the official website: www.blueforest.org
Mission Statement of Blue Forest Finance Inc
Blue Forest Finance Inc, a prominent organization, is dedicated to supporting climate-resilient environmental interventions. Their mission is multifaceted, encompassing consulting and financial strategies. The company's primary focus lies in the development, design, and deployment of innovative finance models, such as the Forest Resilience Bond and the strategies under Blue Forest Asset Management. These models facilitate ecosystem restoration and management, specifically aimed at reducing or mitigating extreme catastrophic wildfire and supporting the ecological management of natural resources.
Blue Forest Finance Inc brings together utilities, private companies, investors, and government entities at the federal, state, and local levels to develop and invest in conservation finance projects, companies, and initiatives. These collaborative efforts aim to accelerate the pace and scale of restoration work, contributing significantly to the preservation and protection of our environment. The organization's work is instrumental in fostering a more resilient and sustainable ecosystem, ensuring a safer future for all.
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Impact
June, 2024
Blue Forest Finance Inc's impact lies in leading and facilitating conservation finance projects that accelerate the pace and scale of ecosystem restoration and management efforts, specifically aimed at reducing or mitigating extreme catastrophic wildfires and supporting the ecological management of natural resources. By bringing together utilities, private companies, investors, and government entities at various levels, they are working towards implementing innovative finance models such as the Forest Resilience Bond and strategies under Blue Forest Asset Management. Through their work in conservation finance, Blue Forest Finance Inc is actively contributing to the promotion of climate-resilient environmental interventions and the sustainable utilization of natural resources.
This information is meant to be a general summary of Blue Forest Finance 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.
- Investment Income: $30,474
- Program Service Revenue: $980,500
- Gross Receipts: $6,665,687
Assets and Liabilities:
- Total Assets: $13,996,241
- Total Liabilities: $10,711,926
- Net Assets: $3,284,315
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROJECT INCOME
Revenue
$980,000
SPEAKER FEES & HONORARIUM
Revenue
$500
Organization Details
Founding Year
2018
Phone
(202) 271-1548Principal Officer
Zachary Knight
Main Address
5960 S LAND PARK DR 1264, SACRAMENTO, CA, 95822
Website
www.blueforest.orgNTEE Category
Code: C30 - Environment
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