Terraffirm Inc
Nonprofit profile at a glance
- EIN
- 843227885
- IRS 990-EZ coverage
- 2022–2023
- Forms available
- Form 990 2020, Form 990-EZ 2023
- Location
- Palo Alto, CA, USA
- Rating confidence
- Limited
- Sector
- Energy Resources Conservation and Development
Reported finances
- Revenue
- $0
- Expenses
- $4,773
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Bruce Dunlevie (Chairman President)
People named in this filing
- Bruce Dunlevie (Chairman President)
- Robert A Hayes (Secretary and Treasurer)
- Mark Evans (Directory)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Terraffirm Inc is organized and operated exclusively for charitable purposes within the meaning of Internal Revenue section 501c3.Terraffirm furthers charitable pursuits by supporting research development and educational activities intended to mitigate or bring about awareness of climate change and its effects.Terraffirm's long-term objective is to facilitate efforts to reduce the harmful effects of climate change in order to maintain a healthy planet for generations to come.
What it reported doing in 2023
The only activity in this year consisted of dissolution of the company.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Sustainability: 7
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -57.1% per year; rating input score 0; 5th percentile among comparable filings
- Asset growth: -54.7% per year; rating input score 0; 4th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 3 filed schedules
- Filing history: 2 filing years from 2022 to 2023
- Contacts: How to reach this organization
- Money network: 4 filed money-flow records
- Related organizations: 3 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Revenue growth scored 0/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.