Terracorps Inc
- Assets
- $872.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 129
- Location
- Lowell, MA
- Founding
- 06/2018
- Data as of
- 08/2021
- EIN
- 82-3881519
Organization Overview
Terracorps Inc is located in Lowell, MA. The organization was established in 2018. According to its NTEE Classification (C50) the organization is classified as: Environmental Beautification, under the broad grouping of Environment and related organizations. As of 08/2021, Terracorps Inc employed 129 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Terracorps 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 08/2021, Terracorps Inc generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 15.2% each year . All expenses for the organization totaled $1.8m during the year ending 08/2021. While expenses have increased by 20.7% per year over the past 3 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
TO PREPARE AND MOBILIZE EMERGING LEADERS TO HELP COMMUNITIES GAIN ACCESS TO AND CONSERVE LAND FOR PEOPLE AND NATURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RECRUIT, ASSIGN, AND PROVIDE SUPPORT FOR AMERICORPS MEMBERS AT PARTNER SITES ACROSS THE STATE.
N/A
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Graham Wolf President/ceo | OfficerTrustee | 40 | $87,997 |
Reggie Hall Co-Chair | OfficerTrustee | 2 | $0 |
Thai Ha-Ngoc Treasurer | OfficerTrustee | 2 | $0 |
Zoe Davis Director | Trustee | 1 | $0 |
Robert Chen Director | Trustee | 1 | $0 |
Janice Cataldo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,037,952 |
| All other contributions, gifts, grants, and similar amounts not included above | $87,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,125,614 |
| Total Program Service Revenue | $443,871 |
| Investment income | $1,381 |
| 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 | $1,570,866 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,388,026 |
| Pension plan accruals and contributions | $15,146 |
| Other employee benefits | $56,781 |
| Payroll taxes | $106,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,116 |
| Fees for services: Accounting | $8,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,921 |
| Advertising and promotion | $5,834 |
| Office expenses | $7,868 |
| Information technology | $25,521 |
| Royalties | $0 |
| Occupancy | $27,744 |
| Travel | $1,787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $866 |
| Interest | $584 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,878 |
| Insurance | $6,378 |
| All other expenses | $725 |
| Total functional expenses | $1,790,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $400,462 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $179,532 |
| Accounts receivable, net | $252,819 |
| 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 | $5,051 |
| Net Land, buildings, and equipment | $7,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $23,338 |
| Other assets | $3,265 |
| Total assets | $871,956 |
| Accounts payable and accrued expenses | $94,878 |
| Grants payable | $0 |
| Deferred revenue | $737,162 |
| 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 | $832,040 |
| Net assets without donor restrictions | $39,916 |
| 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 | $871,956 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Terracorps Inc has recieved totaling $88,012.
| Awarding Organization | Amount |
|---|---|
Tortuga Foundation New York, NY PURPOSE: GENERAL CHARITABLE PURPOSES | $80,000 |
The Rhode Island Community Foundation Providence, RI PURPOSE: IMPLEMENTING SALESFORCE NPSP TO ENHANCE TERRACORPS STRATEGIC OPERATIONAL EFFICIENCY | $8,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $12 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Keep America Beautiful Inc Stamford, CT | $6,867,452 | $5,357,757 |
New York Restoration Project New York, NY | $17,760,231 | $5,638,155 |
Nurture Nature Foundation New York, NY | $30,506,291 | $2,642,254 |
Wethersfield Foundation Inc Amenia, NY | $44,341,605 | $3,639,809 |
Terracorps Inc Lowell, MA | $871,956 | $1,570,866 |
Design Trust For Public Space Inc New York, NY | $2,416,344 | $3,238,139 |
Rockaway Waterfront Alliance Inc Far Rockaway, NY | $3,824,993 | $1,308,844 |
Center For Urban Pedagogy Inc Brooklyn, NY | $1,231,427 | $1,644,215 |
Fund For Park Avenue New York Inc New York, NY | $3,933,284 | $1,156,254 |
Greenway Heritage Conservancy Hrv Inc Albany, NY | $312,684 | $639,651 |
Open Space Alliance For North Brooklyn Inc Brooklyn, NY | $93,074 | $410,074 |
Groundwork Rhode Island Pawtucket, RI | $146,013 | $555,184 |