Overview
What is Terrapraxis Inc?
Terrapraxis Inc, located in Cambridge, Massachusetts, is a nonprofit organization with a mission to define innovative pathways for widespread decarbonization. They aim to achieve this goal by mobilizing various stakeholders, including customers, governments, industries, investors, NGOs, and regulators. With a team of just three individuals, Terrapraxis Inc operates out of an office at 160 Alewife Brook Parkway Unit 1261. Their activities and mission focus on finding cost-effective, speedy, and scalable solutions to reduce carbon emissions on a wide scale.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars)
Terrapraxis Inc has received a perfect score of 100%, earning it a prestigious Four-Star rating from Charity Navigator. This rating is exclusively based on the organization's exemplary performance in the area of Impact & Measurement, indicating that their efforts are highly effective and well-evaluated.
The organization excels in its impact evaluation, scoring 100 out of 100 points. This suggests that Terrapraxis Inc is not only achieving its goals but is also able to measure and demonstrate the effectiveness of its work clearly and effectively. Such a high score highlights the trustworthiness and reliability of the nonprofit in delivering positive outcomes.
There are no noted limitations in the data regarding Terrapraxis Inc, indicating a strong reputation and performance without any apparent weaknesses in their operations or reporting. This positions the organization as a leading nonprofit in its sector, committed to impactful change.
This AI summary has been generated from information found on Charity Navigator.
Is Terrapraxis Inc legitimate?
Terrapraxis Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Terrapraxis 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $248,506
For more financial information, click here
What is the mission statement of Terrapraxis Inc?
Terrapraxis Inc's mission is to pave innovative pathways towards widespread decarbonization. They aim to accomplish this by mobilizing various stakeholders, including customers, governments, industries, investors, NGOs, and regulators, to achieve decarbonization at an affordable cost, rapid pace, and extensive scale. The organization's objective is to define strategies that can deliver significant results in the fight against climate change.
Who is the CEO of Terrapraxis Inc?
Eric Ingersoll is the President of Terrapraxis Inc.
What is the revenue of Terrapraxis Inc?
Terrapraxis Inc's revenue in 2022 was $2,556,739.
Who are the executives of Terrapraxis Inc and what are their salaries?
The average compensation at Terrapraxis Inc during 2022 was $82,835. There are 3 employees at Terrapraxis Inc.
Here are 8 key members and their salaries:
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Where can I find the form 990 for Terrapraxis Inc?
Terrapraxis Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Terrapraxis Inc
Terrapraxis Inc, a pioneering entity, is committed to achieving widespread decarbonization. Their mission is twofold: firstly, they aim to define innovative pathways that can deliver significant results in decarbonization at an affordable cost, swift pace, and extensive scale. Secondly, they strive to mobilize various stakeholders, including customers, governments, industries, investors, NGOs, and regulators, to collaborate and contribute to this mission. By leveraging the collective power of these entities, Terrapraxis Inc seeks to drive transformative change in the fight against climate change.
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Impact
July, 2024
Terrapraxis Inc is actively working to achieve widespread decarbonization by defining innovative pathways to achieve results at the necessary cost, speed, and scale. Through mobilizing various stakeholders including customers, governments, industry, investors, NGOs, and regulators, Terrapraxis Inc is dedicated to driving impactful change towards decarbonization. Their mission focuses on finding practical solutions to address the urgent need for reducing carbon emissions on a broad scale.
This information is meant to be a general summary of Terrapraxis 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: $110,000
- Gross Receipts: $2,556,739
Assets and Liabilities:
- Total Assets: $2,184,997
- Total Liabilities: $799,173
- Net Assets: $1,385,824
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING
Revenue
$110,000
Organization Details
Founding Year
2021
Principal Officer
Eric Ingersoll
Main Address
160 ALEWIFE BROOK PKWY UNIT 1261, CAMBRIDGE, MA, 02138
NTEE Category
Code: W05 - Public benefit
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