B612 Foundation
- Assets
- $5.5m
- Revenue
- $2.2m
- Investments
- $2.6m
- Employees
- 8
- Location
- Mill Valley, CA
- Founding
- 07/2003
- Data as of
- 12/2021
- EIN
- 54-2078469
Organization Overview
B612 Foundation is located in Mill Valley, CA. The organization was established in 2003. According to its NTEE Classification (U31) the organization is classified as: Astronomy, under the broad grouping of Science & Technology and related organizations. As of 12/2021, B612 Foundation employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. B612 Foundation 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, B612 Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2021. While expenses have increased by 9.6% 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
DEVELOP TOOLS AND TECHNOLOGIES TO UNDERSTAND, MAP, AND NAVIGATE OUR SOLAR SYSTEM, AND PROTECT OUR HOME PLANET FROM ASTEROID IMPACTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASTEROID INSTITUTE PROGRAM HOUSES ALL OF OUR SCIENCE AND TECHNOLOGY ACTIVITIES. OUR 2021 PROJECTS INCLUDED CONTINUED DEVELOPMENT OF THE ASTEROID DISCOVERY ANALYSIS AND MAPPING (ADAM) PROJECT, WHICH LINKS MILLIONS OF MOVING OBJECTS (AKA ASTEROIDS) DETECTIONS INTO REALISTIC AND TIME-FORWARD PREDICTABLE ORBITS. IN ADDITION, THE INSTITUTE PUBLISHED AND PRESENTED PAPERS, GREW OUR ENGINEERING STAFF, AND BUILT OUR ASTEROID RESEARCH FELLOWS ACTIVITIES THROUGH OUR PARTNERSHIP WITH THE UNIVERSITY OF WASHINGTON.
OUR EDUCATION AND ADVOCACY PROGRAM INCLUDED SPONSORSHIP OF ASTEROID DAY (WWW.ASTEROIDDAY.ORG), A UNITED NATIONS-RECOGNIZED DAY OF EDUCATION AND AWARENESS, TO SUPPORT INDEPENDENTLY ORGANIZED EVENTS WORLDWIDE AND CREATE A GLOBAL BROADCAST DELIVERED ONLINE, OVER SATELLITE NETWORKS, AND THROUGH DIGITAL PLATFORMS. IN ADDITION, B612 DELIVERED PUBLIC PROGRAMS AND EDUCATIONAL ACTIVITIES THROUGH OUR WEBSITE AND SPEAKING EVENTS DOMESTICALLY AND INTERNATIONALLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danica Remy Board Director/president | OfficerTrustee | 40 | $156,619 |
Hillary Aiken Vice President | 40 | $117,557 | |
Kathleen Kiker Software Engineer | 40 | $110,425 | |
Dr Edward Lu Board Secr/exec Dir Asteroid Inst | OfficerTrustee | 20 | $79,798 |
Peter Schwartz Board Chair | OfficerTrustee | 2 | $0 |
Geoffrey Baehr Board Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $25,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,902,680 |
| Noncash contributions included in lines 1a–1f | $1,213,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,927,680 |
| Total Program Service Revenue | $0 |
| Investment income | $102 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $220,784 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,167,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $111,532 |
| 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. | $322,337 |
| Compensation of current officers, directors, key employees. | $19,004 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $330,517 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $67,267 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,139 |
| Fees for services: Accounting | $66,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,407 |
| Advertising and promotion | $456 |
| Office expenses | $19,696 |
| Information technology | $124,934 |
| Royalties | $0 |
| Occupancy | $25,200 |
| Travel | $22,816 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,103 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $8,726 |
| All other expenses | $2,502 |
| Total functional expenses | $2,302,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $165,037 |
| Savings and temporary cash investments | $2,593,047 |
| Pledges and grants receivable | $69,017 |
| 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 | $6,596 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $14,684 |
| Investments—other securities | $2,625,932 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $35,945 |
| Total assets | $5,510,258 |
| Accounts payable and accrued expenses | $38,855 |
| 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 | $1,999,259 |
| Unsecured mortgages and notes payable | $190,595 |
| Other liabilities | $0 |
| Total liabilities | $2,228,709 |
| Net assets without donor restrictions | $3,281,549 |
| 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 | $5,510,258 |
Grants Awarded
Over the last fiscal year, B612 Foundation has awarded $111,532 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PURPOSE: Asteroid Instiute Fellow Program | $71,512 |
Seattle, WA PURPOSE: Program Support | $40,020 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that B612 Foundation has recieved totaling $91,618.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $47,060 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $25,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $10,296 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,757 |
The Stroum Family Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,000 |
Mcnabb Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Large Binocular Telescope Corporation Tucson, AZ | $104,607,014 | $11,909,094 |
Lowell Observatory Flagstaff, AZ | $78,377,713 | $22,823,113 |
Planetary Science Institute Tucson, AZ | $5,275,095 | $17,303,405 |
Tmt International Observatory Llc Pasadena, CA | $169,747,389 | $25,562,706 |
Canada France Hawaii Telescope Corporation Kamuela, HI | $15,098,361 | $9,205,566 |
Wiyn Consortium Inc Tucson, AZ | $27,019,162 | $3,689,249 |
Soar Consortium Inc Tucson, AZ | $23,700,628 | $2,948,166 |
B612 Foundation Mill Valley, CA | $5,510,258 | $2,167,756 |
Astronomical Society Of The Pacific San Francisco, CA | $5,482,594 | $2,444,548 |
Griffith Observatory Foundation Los Angeles, CA | $2,279,624 | $1,729,095 |
Lsst Inc Tucson, AZ | $4,073,108 | $1,051,601 |
Open Lunar Foundation Walnut, CA | $1,217,413 | $53,847 |