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EIN 88-1122351

Terraset

IRS 501(c) type
501(c)(3)
Num. employees
1
City
Boulder
State
Colorado
Year formed
2022
Most recent tax filings
2023-12-01
NTEE code, primary
C35: Energy Resource Conservation and Development
Description
Terraset utilizes philanthropic capital to acquire permanent and high-quality carbon removal. The nonprofit pools tax-deductible donations from individuals, foundations, family offices, and donor-advised funds and strategically purchases carbon removal. In October 2022, Terraset launched by procuring carbon removal from Heirloom and Charm Industrial, two CDR companies in Boulder, CO.
Total revenues
$995,334
2023
Total expenses
$522,782
2023
Total assets
$569,118
2023
Num. employees
1
2023

Program areas at Terraset

Terraset's core program is one of greenhouse gas removal, specifically carbon dioxide removal (cdr). When we launched in october 2022, we purchased carbon removal from two cdr companies, heirloom and charm industrial. In 2023, we expanded to support the work of six partners, adding spiritus, capture6, octavia carbon and andes to our portfolio. Across the course of the year, this allowed us to support the future removal of hundreds of tons of co2 from the atmosphere.

Who funds Terraset

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
National Philanthropic TrustEnvironment, Animals$375,000
Grantham Foundation for the Protection of the EnvironmentClimate Science & Policy Research$250,000
DAFgiving360Environmental and Animals$108,600
...and 3 more grants received

Financials for Terraset

RevenuesFYE 12/2023
Total grants, contributions, etc.$995,334
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$995,334
Data update history
January 6, 2025
Received grants
Identified 2 new grant, including a grant for $250,000 from Grantham Foundation for the Protection of the Environment
September 21, 2024
Received grants
Identified 1 new grant, including a grant for $10,000 from Founders Pledge
August 12, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 7, 2024
Updated personnel
Identified 7 new personnel
August 25, 2023
Updated personnel
Identified 5 new personnel
Nonprofit Types
Social advocacy organizationsEnvironmental organizationsCharities
Issues
Energy conservationEnvironment
Characteristics
Tax deductible donationsAccepts online donations
General information
Address
2525 Arapahoe Ave 706 Ste E4
Boulder, CO 80302
Metro area
Boulder, CO
County
Boulder County, CO
Website URL
terrasetclimate.org/ 
Phone
(415) 624-9320
IRS details
EIN
88-1122351
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2022
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C35: Energy Resource Conservation and Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0295096
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2025-06-18
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