Terreform One Corporation
Nonprofit profile at a glance
- EIN
- 364633591
- IRS 990 coverage
- 2015–2024
- Forms available
- Form 990 2024, Form 990-EZ 2018, Form 990-N 2009
- Location
- Brooklyn, NY, USA
- Phone
- 6172850901
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Education N.E.C.
Reported finances
- Revenue
- $239,438
- Expenses
- $269,394
- Assets
- $184,187
- Liabilities
- $181,564
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- MARK CHAMBERS (EXECUTIVE DIRECTOR)
People named in this filing
- VIVIAN KUAN (SENIOR ADVISOR)
- DAVID STEWART (DIRECTOR)
- HEATHER LORD (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We develop innovative concepts and technologies for local sustainability in energy, transportation, infrastructure, buildings, waste treatments, food, water, and to educate the public.
What it reported doing in 2024
Kosice Workshop: Educational urban design and innovation workshop in Koice, Slovakia, engaging local stakeholders in speculative urban solutions around climate adaptation. R&D/Project Development (to replace Biz Dev): Research and development of new design methodologies and project development activities to support organizational growth. Rice Project in Greece: Biodesign-based public art exhibition celebrating and educating the public about the use of biomaterials, such as rice, integrating its material and construction properties into a sculptural art form. Rome Project: Terreform ONE was invited to participate and showcase its models in this urban exhibition project investigating historical and contemporary issues in public space. Singapore Design Festival: Participation in an international design festival, showcasing innovative design prototypes and research. Venice Biennale: Terreform entered the 19th International La Biennale di Venezia Architettura Exhibition: Intelligens. Natural. Artificial. Collective. showcasing a project designed around its research on ocean kelp and coding plants as a response to climate adaptation. Costa Rica: Eco-design research and design services project exploring regenerative design applied to an ecotourism development in Costa Rica.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 71
- Transparency & Controls: 86
- Accountability: 82
- Sustainability: 27
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.7%; rating input score 84
- Program expense ratio: 74.4%; rating input score 74
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 19th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 4 of 7 controls in place; rating input score 57
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -12.5%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.68; rating input score 31; 31st percentile among comparable filings
- Liabilities to assets ratio: 0.99; rating input score 5; 5th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 10.5% per year; rating input score 100; 71st percentile among comparable filings
- Revenue growth: 13.6% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 21.5% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 83.7% of revenue deployed · 74.4% of spending went to programs
- Governance: 11 of 11 board members independent · 4 of 7 filing controls reported
- Programs: 4 filed program accomplishments · $200K in reported program spending
- Leadership: top reported pay $0 · 12 people listed
- Consistency: 24 of 24 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 7 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- 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.
- Review — Accountability: Governance controls: 3 of 7 not reported.
- High — Sustainability: Operating margin scored 20/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
- High — Sustainability: Liabilities to assets ratio scored 5/100.