Arctic Ice Project
- Assets
- $578.1k
- Revenue
- $925.1k
- Investments
- $0.0
- Employees
- 6
- Location
- Redwood City, CA
- Founding
- 03/2014
- Data as of
- 12/2021
- EIN
- 26-4434262
Organization Overview
Arctic Ice Project is located in Redwood City, CA. The organization was established in 2014. As of 12/2021, Arctic Ice Project employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arctic Ice Project 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, Arctic Ice Project generated $925.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.3% each year . All expenses for the organization totaled $957.0k during the year ending 12/2021. While expenses have increased by 35.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ARCTIC ICE PROJECT'S MISSION IS TO REDUCE THE MELTING OF POLAR AND GLACIAL ICE, TO REDUCE THE FAR-REACHING CONSEQUENCES THAT DRASTICALLY WORSEN THE IMPACTS OF GLOBAL WARMING. ARCTIC ICE PROJECT'S GOAL IS TO IDENTIFY AND DEPLOY A TECHNOLOGY THAT WILL USE ENVIRONMENTALLY BENIGN MATERIALS TO CREATE ARTIFICIAL, MULTI-YEAR ICE TO ONCE AGAIN BE ABLE TO EFFECTIVELY REFLECT ENERGY FROM THE SUMMERTIME POLAR SUN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ARCTIC ICE PROGECT PERFORMED LABORATORY AND FIELD TESTING IN CALIFORNIA, MINNESOTA, AND BARROW, ALASKA. THE KEY GOAL IS TO IMPLEMENT A SURFACE-MODIFICATION APPROACH TO REBUILD A NATURAL STATE OF ICE IN THE ARCTIC WITH MINIMAL INTERVENTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Light Executive Director | Officer | 40 | $218,441 |
Leslie Field Founder And Cto | OfficerTrustee | 40 | $173,095 |
Steve Payne Chair | OfficerTrustee | 2 | $0 |
Steve Zornetzer Vice President | OfficerTrustee | 10 | $0 |
Carol Sontag Secretary | OfficerTrustee | 1 | $0 |
Armond Cohen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $925,133 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $925,133 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $925,133 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $418,841 |
| Compensation of current officers, directors, key employees. | $18,241 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $180,667 |
| Pension plan accruals and contributions | $222 |
| Other employee benefits | $15,716 |
| Payroll taxes | $38,641 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $379 |
| Fees for services: Accounting | $71,564 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $140,091 |
| Advertising and promotion | $1,130 |
| Office expenses | $22,279 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,500 |
| Travel | $2,114 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,535 |
| All other expenses | -$6,555 |
| Total functional expenses | $956,993 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,275 |
| Savings and temporary cash investments | $533,466 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,849 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,550 |
| Total assets | $578,140 |
| Accounts payable and accrued expenses | $46,991 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $46,991 |
| Net assets without donor restrictions | $431,149 |
| Net assets with donor restrictions | $100,000 |
| 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 | $578,140 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Arctic Ice Project has recieved totaling $514,865.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Environment | $375,000 |
Hopewell Fund Washington, DC PURPOSE: CIVIL RIGHTS, SOCIAL ACTION, ADVOCACY | $118,200 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $21,150 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $515 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sierra Club Foundation Oakland, CA | $244,757,583 | $95,601,203 |
Marine Preservation Association Phoenix, AZ | $66,284,056 | $96,138,954 |
Resources Legacy Fund Sacramento, CA | $131,343,495 | $84,084,998 |
Golden Gate National Parks Conservancy San Francisco, CA | $133,634,329 | $60,862,358 |
Rocky Mountain Institute Boulder, CO | $59,543,794 | $61,864,266 |
Bay Area Delivery Drivers Security Fund Dublin, CA | $36,970,392 | $52,650,018 |
White River Elec Assoc Inc Meeker, CO | $92,669,800 | $46,934,364 |
Carbon Mapper Inc Pasadena, CA | $31,271,707 | $23,068,061 |
Northern Lights Incorporated Sagle, ID | $99,237,939 | $43,729,312 |
Tompkins Conservation San Francisco, CA | $101,073,134 | $21,346,092 |
Northwest Energy Efficiency Alliance Inc Portland, OR | $17,873,097 | $40,333,579 |
Social And Environmental Entrepreneurs Inc Calabasas, CA | $72,257,346 | $73,216,227 |