2025-11-06T21:17:53-06:00 2024-12-31 133628255 CONDON O'MEARA MCGINTY & DONNELLY LLP ONE BATTERY PARK PLAZA 7TH FL NEW YORK NY 10004 990 2024-01-01 881122351 TERRASET TERR 6463558390 2525 ARAPAHOE AVE STE E4 706 BOULDER CO 80302 ADAM FRASER CEO & PRESIDENT 6463558390 2025-11-05 1 1 ALEXANDER LAZZARUOLO P01775353 2126617777 2024 2025-03-06 01:10:19Z ADAM FRASER 2525 ARAPAHOE AVE STE E4 706 BOULDER CO 80302 6471076 0 X WWW.TERRASETCLIMATE.ORG X 2022 CO TERRASET MISSION IS TO REDUCE GREENHOUSE GASES BY IDENTIFYING AND SUPPORTING THE MOST PROMISING EARLY-STAGE INITIATIVES THAT ARE EFFECTIVELY REMOVING CARBON FROM THE AIR. 3 3 2 18 0 0 995334 3552903 0 0 0 19873 0 735 995334 3573511 0 0 0 0 166521 447485 0 0 236434 356261 2970047 522782 3417532 472552 155979 569118 847059 0 121488 569118 725571 X TERRASET USES PHILANTHROPIC CAPITAL TO PURCHASE PERMANENT, HIGH-QUALITY CARBON REMOVAL. WE POOL DONATIONS FROM INDIVIDUALS, FOUNDATIONS, FAMILY OFFICES, AND DONOR ADVISED FUNDS, AND MAKE STRATEGIC PURCHASES OF HIGH-QUALITY CARBON REMOVAL FROM INNOVATIVE PROJECTS AND COMPANIES. 0 0 2977445 TERRASET'S PROGRAMMATIC ACTIVITIES ARE FOCUSED ON CARBON REMOVAL (CDR). SCALING CDR IS ESSENTIAL. CDR SOLUTIONS EXIST, BUT THEY'RE NOT GROWING FAST ENOUGH, AND THERE AREN'T ENOUGH OF THEM. OUR PROJECTS USE A RANGE OF METHODOLOGIES TO REMOVE CARBON FROM THE ATMOSPHERE THANKS TO OUR CATALYTIC PHILANTHROPIC CAPITAL. THE BENEFITS OF THESE PROJECTS GO FAR BEYOND JUST REMOVING CARBON - THEY CREATE JOBS, BOOST BIODIVERSITY, AND SUPPORT LOCAL COMMUNITIES. THEY IMPROVE SOIL HEALTH, STRENGTHEN WILDFIRE RESILIENCE, AND REVITALIZE MARINE ECOSYSTEMS. 2977445 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 1 0 CO CA NY X ALEX ROETTER 6463558390 2525 ARAPAHOE AVE STE E4 706 BOULDER CO 80302 ALEX ROETTER FOUNDER & CHAIR 10.00 X X 0 0 0 CHRIS WEDDING TREASURER 10.00 X X 0 0 0 ERZSI SOUSA SECRETARY 10.00 X X 0 0 0 ADAM FRASER CEO & PRESIDENT 40.00 X 326243 0 0 326243 0 0 1 0 1 0 0 3552903 2871366 3552903 46907 46907 2870531 2897565 -27034 -27034 -27034 OTHER INCOME 900099 735 735 735 3573511 0 0 20608 345743 69149 138297 138297 76256 22876 53380 2977 615 1089 1273 22509 5085 6670 10754 992 992 4107 4107 73263 15082 39117 19064 54 54 2768 2739 29 5945 695 5250 2292 458 917 917 7753 2133 5620 10104 1750 6504 1850 CARBON PURCHASES 2862430 2862430 MISC EXPENSES 339 339 3417532 2977445 203653 236434 563271 240517 268150 0 75995 0 11398 0 0 5847 0 250999 569118 847059 0 121488 0 121488 X 525978 723007 43140 2564 569118 725571 569118 847059 X 155979 41 -14502 14935 X 0 1 X 1 0 X 154870 995334 3552903 4703107 154870 995334 3552903 4703107 2930323 1772784 46907 46907 735 735 4750749 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 3588487 41 14935 14976 3573511 0 3573511 3417532 0 3417532 0 3417532 PART XI, LINE 2D - OTHER ADJUSTMENTS: SECURITIES BOOK TO TAX DIFFERENCE 14,935. NORTH AMERICA 0 0 PROGRAM SERVICES PURCHASED CARBON REMOVALS 93925 0 0 0 0 0 0 93925 0 93925 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 ADAM FRASER CEO & PRESIDENT 300795 0 11500 0 13948 0 0 0 0 0 326243 0 0 0 X 2 2871366 FMV 0 0 1 0 PART I, COLUMN (B): THE AMOUNT REPRESENTS THE NUMBER OF CONTRIBUTIONS. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD BY THE CEO WITH THE OPPORTUNITY TO PROVIDE VERBAL OR WRITTEN FEEDBACK IN ADVANCE OF FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO BOARD DIRECTORS, EMPLOYEES AND RELEVANT PARTIES ON AN ANNUAL BASIS. BOARD DIRECTORS AND KEY EMPLOYEES MUST RETURN A SIGNED ACKNOWLEDGEMENT OF RECEIPT OF THE POLICY. THE POLICY INCLUDES PERIODIC REVIEWS AND ALLOWS THE USE OF OUTSIDE EXPERTS ON RELEVANT MATTERS. FORM 990, PART VI, SECTION B, LINE 15 TERRASET DID EXTENSIVE RESEARCH TO DETERMINE THE COMPENSATION FOR THE CEO ON HIRING IN 2023. THIS INCLUDED: SPEAKING TO CURRENT AND PREVIOUS NONPROFIT CEOS OF VARIOUS SIZES (BUDGET $1M-$1BN); SPEAKING TO THIRD PARTY NONPROFIT CONSULTANTS, THIRD PARTY RESEARCH ON APPROACHES TO NONPROFIT COMPENSATION STRUCTURES; AND COMPENSATION AGGREGATORS AND DATABASES (E.G. SALARY.COM, GLASSDOOR.COM, ZIPRECRUITER). THE CEO HAS NOT HAD A PAY RAISE OTHER THAN ORIGINALLY CONTRACTED SINCE JOINING THE ORGANIZATION. TERRASET DID EXTENSIVE RESEARCH TO DETERMINE THE COMPENSATION FOR THE DIRECTOR OF STRATEGIC GROWTH, THE ONLY NEW HIRE IN 2024. THIS INCLUDED: COMPARISON OF OTHER ADVERTISED ROLES; SPEAKING TO THIRD PARTY NONPROFIT CONSULTANTS; AND COMPENSATION AGGREGATORS AND DATABASES (E.G. SALARY.COM, GLASSDOOR.COM, ZIPRECRUITER). FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: SECURITIES BOOK TO TAX DIFFERENCE 14,935.