irs program accomplishments · form 990 part iii · fy2024
What they reported doing
- #1 primary $0CARBONCO, A WHOLLY-OWNED SUBSIDIARY OF THE ORGANIZATION, CONTINUED TO ADVISE AND ASSIST WITH THE IMPLEMENTATION OF FOUR REDD+ CARBON REDUCTION PROJECTS IN THE ACRE, BRAZIL, HELPING TO PRESERVE 750,000 ACRES, VERIFYING THE CARBON REDUCTIONS, ALONG WITH THE COMMUNITY AND BIODIVERSITY BENEFITS TO THE HIGHEST INTERNATIONAL STANDARDS, INCLUDING VCS AND CCBS WITH GOLD LEVEL DISTINCTION.
named programs · 2 · from sources
What they call their work
CarbonCo
Wholly-owned subsidiary advising on the implementation of REDD+ carbon reduction projects in Acre, Brazil, verifying carbon reductions and community benefits to international standards including VCS and CCBS with Gold Level Distinction
Thoughtful Climate LP Initiative
Program promoting disciplined, long-term climate investing strategies, focusing on manager behavior, portfolio construction, and catalytic capital deployment across climate funds and deep tech ventures
activities · 6 groups
What they do
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Climate Finance Advisory & Research 1 activity
- Advisory and implementation support for environmental leadersProvides technical, policy, programmatic, and financial advisory services to global environmental leaders, including support for complex financial analysis, investment planning, and fundraising. Also assists in implementing high-impact environmental projects on the ground.
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Global Sustainability Convenings & Forums 1 activity
- Facilitating global environmental leadership networksSupports networking, communications, and cross-sector partnerships among senior-level environmental leaders worldwide to strengthen collaboration and amplify impact.
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Environmental Conservation Grantmaking 1 activity
- Funding environmental solutions through grants and investmentsProvides grants, debt, and equity financing to individuals, nonprofits, and businesses globally to advance environmental initiatives with potential for long-term, cross-border impact. This includes both solicited and unsolicited funding.
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Onsite & Outreach Environmental Education Programs 1 activity
- Operating youth environmental education programsOperated Camp Quinebarge in Moultonborough, New Hampshire, to help children develop appreciation for nature, the environment, and active lifestyles through immersive outdoor experiences.
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AI Governance and Ethical Research 1 activity
- Research on AI, climate, and energy infrastructure convergenceConducts research on the intersection of artificial intelligence and climate change, analyzing trends in data center energy demand and the foundational role of climate investments in energy infrastructure. Draws on data from sources such as the International Energy Agency and Goldman Sachs.
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Uncategorized 1 activity
- Thought leadership and public advocacy in deep technology and innovationProduces and publishes public content on deep technology trends, including the convergence of artificial intelligence and physical innovation, to influence economic and industrial innovation discourse.
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financials · form 990 · fy2024
revenue
Total revenue$1.57M
Contributions & grants$126K8%
Program service revenue$00%
Investment income$1.05M67%
Other revenue$396K
expenses
Total expenses$3.62M
Program expenses70%
Admin / overhead30%
Fundraising0%
Salaries & benefits$1.30M
Grants paid out$800K
Largest expense lineCompensation
balance sheet
Total assets$33.73M
Cash$3.36M
Investments$29.88M
Liabilities$427K
Net assets$33.31M
Liquid reserves110.3 mo
3 years on record · 2020–2024 · YoY revenue -71.4%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 4
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ERIC CARLSON | PRESIDENT | 40 | $527K |
| W PAUL ROWLAND | DIRECTOR | 45 | $336K |
| JARETT EMERT | SVP OF PARTN | 40 | $256K |
| LINDA KELLY | FORMER HCE | — | $248K |
board members · 3
- JOHN WINSKI — DIRECTOR
- MIKE STARESINIC — DIRECTOR
- REED SPELLMAN — CHAIR
relationships · 14
Who they work with
- Builders Vision Funder — Named as an LP in Superorganism’s fund, indicating a funding relationship in support of biodiversity-focused climate investing.
- CARBONCO Partner — Wholly-owned subsidiary that implements REDD+ carbon reduction projects in Acre, Brazil
- Carbon Equity Partner — Highlighted for its disciplined approach to manager behavior, reserves, and co-investing, with over €300 million committed across 25+ funds since 2021.
- Cisco Foundation Funder — Identified as an LP in Superorganism’s fund, supporting early-stage biodiversity and climate initiatives.
- Convective Capital Partner — Referenced as an example of a specialized climate fund focused on wildfire as a standalone vertical, illustrating a model of deep sector specialization.
- General Motors Partner — Partnered with Peak Energy, which has a manufacturing partnership with General Motors for sodium-ion batteries.
- Goldman Sachs Partner — Cited for projections on AI's share of data center power demand
- International Energy Agency Government — Cited as a source for data on global data center electricity demand projections
- Plant a Million Corals Partner — Supported by Environment Next in coral reef restoration using microfragmentation techniques.
- SOSV Partner — Highlighted as a specialized investor ecosystem supporting deep tech commercialization through programs like HAX.
- Streetlife Ventures Partner — Cited as a New York-based fund investing at the intersection of cities and climate, exemplifying a portfolio built around urban climate sectors with high emissions and risk concentration.
- Superorganism Partner — Presented as an example of intentional catalytic capital deployment, with 10% of profits directed to conservation and a focus on underfunded biodiversity areas.
- Wedgetail Funder — Named as a biodiversity investment vehicle and LP in Superorganism’s fund, co-founded by Cameron Adams.
- leading businesses and organizations around the world Partner — Collaborates with global businesses and organizations to support environmental efforts.
strategies · 5
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- Blended Finance for High-Intensity Environmental Impactmethodology: blended_finance_for_environmental_impactBy deploying blended financing mechanisms—grants, debt, and equity—we enable environmental organizations to achieve sustainable, cross-border scalability because diverse capital instruments de-risk and catalyze long-term implementation.
- Convergence of AI and Climate Infrastructure as a Systemic Investment Frameworkmethodology: convergence_framingBy treating AI and climate not as separate domains but as converging systems, we build investment portfolios that reflect the real-world interdependence of computational demand and physical infrastructure, because this convergence defines the structure and urgency of the modern climate economy.
- Disciplined Systemic Portfolio Construction with Manager Behavior Focusmethodology: disciplined_systemic_portfolio_constructionBy constructing investment portfolios that mirror the actual structure of the climate economy and prioritizing consistent manager behavior over initial strategy, we produce durable outcomes because execution discipline and adaptive capital allocation determine long-term success.
- Leadership-Driven Innovation with Scalable Replicationmethodology: leadership_driven_innovationBy identifying and empowering environmental leaders through grants, investments, and strategic support, we drive systemic change because leadership combined with scalable, replicable models accelerates global impact.
- Subsidiary-Led REDD+ Implementation with Integrated Benefitsmethodology: subsidiary_led_redd_plusBy using a subsidiary model to implement REDD+ projects, we ensure high-integrity carbon reduction because integrating carbon verification, biodiversity conservation, and community benefits under international standards produces credible, scalable, and equitable environmental outcomes.