Planet Aid Inc
- Assets
- $17.5m
- Revenue
- $29.8m
- Investments
- $0.0
- Employees
- 291
- Location
- Milford, MA
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 04-3348171
Organization Overview
Planet Aid Inc is located in Milford, MA. The organization was established in 1997. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Planet Aid Inc employed 291 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Planet Aid Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Planet Aid Inc generated $29.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.7%) each year. All expenses for the organization totaled $28.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROTECT THE ENVIRONMENT, REDUCE WASTE, AND INCREASE THE EFFICIENT USE OF VITAL RESOURCES. REDUCE POVERTY AND FOSTER DIRECT COOPERATION AND UNDERSTANDING AMONG PEOPLE ACROSS THE PLANET.
Describe the Organization's Program Activity:
INTERNATIONAL AID: IN 2021, PLANET AID CONTINUED WITH ITS SUPPORT TO ORGANIZATIONS AND COMMUNITIES IN SOUTHERN AFRICA, ASIA, AND LATIN AMERICA. PLANET AID SUPPORTED PROGRAMS IN 10 COUNTRIES:BELIZE: CHILD AID AND COMMUNITY DEVELOPMENT, REFUGEES AND ASYLUM SEEKERS.BOTSWANA: SUPPORT FOR PEOPLE AFFECTED BY HIV/AIDS.BRAZIL: ORGANIZATION AND TRAINING OF SMALL SCALE FARMERS, COMMUNITY DEVELOPMENT AND CLOTHES AND SHOES REUSE.DR CONGO: EDUCATION OF PRIMARY SCHOOL TEACHERS, SUPPORT FOR PEOPLE AFFECTED BY HIV/AIDS AND SCHOOL BUILDING.ECUADOR: CHILD AID AND COMMUNITY DEVELOPMENT, ORGANIZATION AND TRAINING OF SMALL SCALE FARMERS AND CHILD AID.INDIA: EDUCATION OF PRIMARY SCHOOL TEACHERS, BASIC EDUCATION FOR UNDERPRIVILEDGED CHILDREN AND GIRLS AND COMMUNITY DEVELOPMENT.LAOS: CHILD AID AND COMMUNITY DEVELOPMENT, TB COVIDEDUCATION AND COVID MITIGATION.MOZAMBIQUE: EDUCATION OF PRIMARY SCHOOL TEACHERS, SCHOOL MEALS AND LITERACY PROGRAM, PRESCHOOL PROGRAM AND TB RESPOSE.SOUTH AFRICA: CHILD AID AND COMMUNITY DEVELOPMENT.ZIMBABWE: DEVELOPMENT LEADERSHIP TRAINING AND VOCATIONAL TRAINING.
U.S. CLOTHING COLLECTION AND HABITAT PROTECTION: PLANET AID COLLECTED AND PROCESSED 31,000 TONS OF USED CLOTHES, SHOES AND TEXTILE IN STATES FROM MAINE TO MISSOURI. COLLECTING UNWANTED CLOTHES SAVES LANDFILL SPACE AND REDUCES PRODUCTION OF METHANE. REUSING ALREADY MANUFACTURED CLOTHING AND OTHER TEXTILES SAVES MILLIONS OF GALLONS OF WATER AND REDUCES THE USE OF FERTILIZER AND PESTICIDES (IN COTTON PRODUCTION). RECYCLING OR REUSING ONE POUND OF CLOTHES SAVES ON AVERAGE 3.6 LBS OF CO2. IN 2021, PLANET AID SAVED 112,000 TONS OF CO2 THROUGH ITS RECYCLING EFFORTS - A SIGNIFICANT CONTRIBUTION IN THE FIGHT AGAINST GLOBAL WARMING AND CLIMATE CHANGE.
INTERNATIONAL TRAINING AND CAPACITY BUILDING: AS PART OF ITS COMMITMEENT TO INTERNATIONAL DEVELOPMENT, PLANET AID UNDERTAKES PROGRAMS OF INTERNATIONAL EXCHANGE AND TRAINING. PLANET AID WORKS CLOSELY WITH NON-GOVERNMENTAL ORGANIZATIONS IN A NUMBER OF DEVELOPING COUNTRIES TO ASSIST THEM BUILDING STAFF CAPACITY AND MOVE TOWARDS SELF-SUSTAINABILITY. PLANET AID ALSO PROVIDES INFORMATION FOR THE US PUBLIC IN MATTERS RELATED TO INTERNATIONAL DEVELOPMENT AND SUPPORTS EDUCATION PROGRAMS IN COOPERATION WITH PUBLIC AND PRIVATE SCHOOLS.
DOMESTIC CHARITABLE ACTIVITIES: THE ORGANIZATION SUPPORTS VARIOUS CHARITABLE ACTIVITIES IN THE UNITED STATES THROUGH PAYMENTS TO A NUMBER OF SCHOOLS, HOSPITALS, SOUP KITCHENS, VETERANS' CLUBS AND OTHER NONPROFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Meehan CFO | Officer | 40 | $168,386 |
Fred Olsson President, Ceo, Director | OfficerTrustee | 40 | $134,804 |
Frank Fowler Baltimore Operations Manager | 40 | $121,955 | |
Kelly Vaena Ffk2 Partnership | 40 | $115,023 | |
Keith Gregory Director Of Ne Operations | 40 | $112,616 | |
Marie Lichtenberg Director Of International Partnership | 40 | $106,847 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Robert Gray Grant Writer | 12/30/21 | $155,068 |
Aafcpas Inc Audit And Accounting | 12/30/21 | $130,211 |
Nelson Mullins Riley & Scarborough Ll Lawyer | 12/30/21 | $813,571 |
Mad Designs Home Improvement Construction And Maintenance | 12/30/21 | $286,350 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,000,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $26,374,363 |
| Noncash contributions included in lines 1a–1f | $26,366,408 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $28,374,363 |
| Total Program Service Revenue | $159,203 |
| Investment income | $1,992 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $110,058 |
| Net Gain/Loss on Asset Sales | $35,057 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $580,888 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $29,818,126 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $331,331 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,042,699 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $381,481 |
| Compensation of current officers, directors, key employees. | $381,481 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,004,558 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,078,073 |
| Payroll taxes | $886,297 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $901,941 |
| Fees for services: Accounting | $130,211 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,781 |
| Advertising and promotion | $56,059 |
| Office expenses | $514,032 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,472,616 |
| Travel | $151,912 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $217,309 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,344,185 |
| Insurance | $1,098,658 |
| All other expenses | $499,536 |
| Total functional expenses | $28,331,287 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,647,436 |
| Savings and temporary cash investments | $110,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,058,798 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,036,525 |
| Prepaid expenses and deferred charges | $841,457 |
| Net Land, buildings, and equipment | $6,493,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $276,292 |
| Total assets | $17,464,781 |
| Accounts payable and accrued expenses | $1,645,203 |
| Grants payable | $893,578 |
| Deferred revenue | $159,101 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $4,738,883 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $93,672 |
| Total liabilities | $7,530,437 |
| Net assets without donor restrictions | $9,934,344 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,464,781 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Planet Aid Inc has recieved totaling $1,500.
| Awarding Organization | Amount |
|---|---|
Enterprise Holdings Foundation Saint Louis, MO PURPOSE: PROGRAM SUPPORT | $1,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Plan International Usa Inc Providence, RI | $63,915,139 | $61,455,293 |
Nuday Windham, NH | $493,517 | $32,697,224 |
Abrahams Blessing Albany, NY | $1,941,159 | $28,861,670 |
Planet Aid Inc Milford, MA | $17,464,781 | $29,818,126 |
Hope Of Life International Cranston, RI | $4,219,588 | $25,673,993 |
Wateraid America Inc New York, NY | $16,422,746 | $24,856,015 |
Tov Vchesed Foundation Inc Monsey, NY | $610,324 | $14,594,457 |
Kolel Shomre Hachomos Of Jerusalem Inc Brooklyn, NY | $8,417,391 | $12,158,295 |
We Charity Williamsville, NY | $15,990,436 | $8,510,977 |
Grassroots International Inc Boston, MA | $13,759,969 | $12,517,391 |
Afsnc Inc New York, NY | $3,029,853 | $9,756,195 |
Alima Usa Inc New York, NY | $6,341,096 | $6,115,397 |