Homeworld Collective Inc
Nonprofit profile at a glance
- EIN
- 882741229
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022, Form 990-N 2022
- Location
- Somerville, MA, USA
- Phone
- 2808501543
- Rating
- 66
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Environmental Quality, Protection, and Beautification N.E.C.
Reported finances
- Revenue
- $4,662,687
- Expenses
- $2,022,610
- Assets
- $4,646,531
- Liabilities
- $207,083
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- DANIEL GOODWIN (EXEC DIRECTOR/PRESIDENT)
Highest reported compensation
- DANIEL GOODWIN (EXEC DIRECTOR/PRESIDENT): $221,933 total reported compensation
- PAUL REGINATO (SCIENCE DIRECTOR/BOARD MEMBER): $183,536 total reported compensation
- PAUL HIMMELSTEIN (OPERATION DIRECTOR/SECRETARY): $156,167 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Dedicated to nurturing the growth of climate biotech by fostering community, building knowledge, and directly supporting early state research. Together we can work toward a healthy biosphere and thriving human society.
What it reported doing in 2024
Community building, thought leadership and catalyzing action
Operating model
- Revenue model
- Donor-supported. 98% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 52% for direct work, and 48% for grants.
The verdict
SUPPORTED - The filed numbers largely add up and most filed governance safeguards are in place. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.
Rating breakdown
- Financial Efficiency: 56
- Transparency & Controls: 73
- Accountability: 65
- Sustainability: 73
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 35.9%; rating input score 36
- Program expense ratio: 81.4%; rating input score 81
- Fundraising efficiency: $56.1 raised per $1 spent on fundraising; rating input score 80; 80th percentile among comparable filings
Transparency & Controls
- Consistency checks: 84.6%; rating input score 85; 1st percentile among comparable filings
- Pay-setting controls: 3 of 6 controls in place; rating input score 50
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Pass
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: 4 of 8 controls in place; rating input score 50
- Claims monitoring procedures: Pass
- Requires narrative reports: Pass
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Pass
- Conducts site visits: Fail
- Requires grant agreements: Pass
- May require repayment: Fail
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 40%; rating input score 40; 7th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 56.6%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 2.3; rating input score 66; 66th percentile among comparable filings
- Liabilities to assets ratio: 0.04; rating input score 72; 72nd percentile among comparable filings
- Officer compensation ratio: 27.8%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: 9% per year; rating input score 100; 60th percentile among comparable filings
- Revenue growth: 85.7% per year; rating input score 100; 99th percentile among comparable filings
- Asset growth: 94% per year; rating input score 100; 99th percentile among comparable filings
Details
- Where the money goes: 35.9% of revenue deployed · 81.4% of spending went to programs
- Governance: 2 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.6M in reported program spending
- Leadership: top reported pay $222K · 5 people listed · 3 of 6 pay-setting controls reported
- Consistency: 32 of 34 current checks pass · 2 findings to review
- Schedules: 7 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 9 filed money-flow records
- Related organizations: 6 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Financial Efficiency: Mission deployment rate scored 36/100.
- Moderate — Accountability: Independent voting board scored 40/100.
- Review — Transparency & Controls: Foreign activity oversight: 4 of 8 not reported.
- High — Sustainability: Officer compensation ratio scored 7/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.