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Cool Effect Inc

Cool Effect Inc

Greenbrae, CA 94904
Tax ID47-5068496

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About this organization

Revenue

$5,847,902

Expenses

$8,096,702

Website

cooleffect.org

Mission

Our mission is to reduce carbon emissions.

About

Cool effects mission is to reduce carbon emissions by supporting projects across the globe that reduce CO2. Cool effect educates the public on the effects of climate change and solicits donations to support carbon reduction projects, empowering individuals and businesses to take action in the fight against climate change. Cool effect performs a deep analysis on both the science and the business structure of projects that claim to remove carbon from the atmosphere. All projects under consideration must first be approved by third-party standard-keeping organizations such as the gold standard, verified carbon standard, and climate action reserve, among others.Cool effect then undertakes an extensive review process using its team of scientists to ensure the project meets very tough standards. At that same time, cool effect

Interesting data from their 2020 990 filing

The purpose of the non-profit, as set forth in the filing, is “Cool effect believes that small actions ignite planet-sized changes. the organization developed a platform that brings people together to support the worlds best carbon emission reduction projects.”.

When discussing its purpose, they were characterized as: “Cool effect's mission is to help cool the earth by supporting verified carbon reducing projects across the globe through crowd funding.”.

  • The state in which the non-profit is legally authorized to operate is DE, as reported.
  • The filing confirms that the non-profit's address in 2020 was 100 Drakes Landing 260, Greenbrae, CA, 94904.
  • The form of the non-profit reports 3 employees as of 2020.
  • Does not operate a hospital.
  • Does not operate a school.
  • Does not collect art.
  • Does not provide credit counseling.
  • Does not have foreign activities.
  • Is not a donor-advised fund.
  • Is not a private foundation.
  • Expenses are greater than $1,000,000.
  • Revenue is greater than $1,000,000.
  • Revenue less expenses is -$2,248,800.
  • The remuneration of the CEO of the organization is based on an independent review and approval process.
  • The organization has a written policy that describes how long it will retain documents.
  • The organization has 1 independent voting members.
  • The organization has a professional fund raiser.
  • The organization was formed in 2015.
  • The organization has a written policy that addresses conflicts of interest.
  • The organization is required to file Schedule B.
  • The organization is required to file Schedule J.
  • The organization is required to file Schedule O.
  • The organization pays $562,444 in salary, compensation, and benefits to its employees.
  • The organization pays $64,064 in fundraising expenses.
  • The organization provides Form 990 to its governing body.
  • The organization has minutes of its meetings.
  • The organization has a written whistleblower policy.
  • The organization's financial statements were reviewed by an accountant.

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