Nonprofit · EIN 71-0879754
CARBON FUND
Tax-exempt · STONEVILLE, MS 38776
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $475,170 | $41,613 | $433,557 | $1,379,982 | $342,296 | $1,037,686 |
| December 31, 2023 | 990 | $111,873 | $46,159 | $65,714 | $967,807 | $363,677 | $604,130 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $399,477
- of which government grants
- $48,812
- Program service revenue
- $0
- Investment income
- $72,118
- Net rental income
- $3,575
- Other revenue
- $3,575
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $23,841
- Salaries, compensation and benefits (total)
- $23,841
- Professional fundraising fees
- $0
- Accounting fees
- $9,775
- Travel
- $3,414
- Depreciation
- $3,697
- Program services (functional)
- $31,600
- Management and general (functional)
- $10,013
Balance sheet and other
- Total assets, start of year
- $967,807
- Total assets, end of year
- $1,379,982
- Total liabilities, end of year
- $342,296
- Net assets, end of year
- $1,037,686
- Land, buildings and equipment
- $472,475
- Net assets without donor restrictions
- $1,037,686
- Gross receipts
- $475,170
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- MS
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JAMES L CUMMINS | EXECUTIVE DIRECTOR Officer | 1 | $0 | $214,565 |
| SANDY WILLIAMS JR | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| CLARKE REED | TRUSTEE Trustee or director | 0 | $0 | $0 |
| CHARLES PICKERING | TRUSTEE Trustee or director | 0 | $0 | $0 |
| GEORGE WALKER III | TRUSTEE Trustee or director | 0 | $0 | $0 |
| BILLY VAN DEVENDER | TRUSTEE Trustee or director | 0 | $0 | $0 |
| HOWARD BRENT | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MARTHA DALRYMPLE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| JIMMY BRYAN | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RICHARD MCRAE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DAVID BRAMLETTE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MARSHA BARBOUR | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RICK CALHOON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| JIM CURRIE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| ANGELA COKERHAM | TRUSTEE Trustee or director | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| JAMES L CUMMINS | EXEC. DIRECT Officer | – | $0 | $162,500 |
| MARSHA BARBOUR | TRUSTEE Trustee or director | – | $0 | $0 |
| DAVID BRAMLETTE | TRUSTEE Trustee or director | – | $0 | $0 |
| HOWARD BRENT | TRUSTEE Trustee or director | – | $0 | $0 |
| JIMMY BRYAN | TRUSTEE Trustee or director | – | $0 | $0 |
| RICK CALHOON | TRUSTEE Trustee or director | – | $0 | $0 |
| ANGELA COCKERHAM | TRUSTEE Trustee or director | – | $0 | $0 |
| JIM CURRIE | TRUSTEE Trustee or director | – | $0 | $0 |
| MARTHA DALRYMPLE | TRUSTEE Trustee or director | – | $0 | $0 |
| BILLY VAN DEVENER | TRUSTEE Trustee or director | – | $0 | $0 |
| GEORGE REA WALKER III | TRUSTEE Trustee or director | – | $0 | $0 |
| RICHARD MCRAE | TRUSTEE Trustee or director | – | $0 | $0 |
| CHARLES PICKERING | TRUSTEE Trustee or director | – | $0 | $0 |
| CLARKE REED | CHAIRMAN Trustee or director | – | $0 | $0 |
| SANDY WILLIAMS | PRESIDENT Trustee or director, Officer | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 100, STONEVILLE, MS 38776-0100
- In care of
- % JAMES L CUMMINS
- Principal officer (990 for 2024)
- JAMES L CUMMINS, 4858B OLD LELAND ROAD, LELAND, MS 38756
- Signed the 990
- JAMES L CUMMINS, EXECUTIVE DIRECTOR
- Phone
- (662) 686-3375
- Website
- THECARBONFUND.ORG
- Return prepared by
- TAYLOR POWELL WILSON & HARTFORD PA
Mission
TO EDUCATE THE PUBLIC ABOUT THE EFFECTIVE AND EFFICIENT MANAGEMENT OF CARBON, A COMPONENT OF GREENHOUSE GAS THAT HAS BEEN LINKED TO GLOBAL CLIMATE CHANGE
Program accomplishments
- THE ORGANIZATION WORKS TO PROMOTE THE PROTECTION, RESTORATION, AND ENHANCEMENT OF FORESTS THROUGH CARBON SEQUESTRATION.Expenses $31,600 · revenue $75,693
- THE ORGANIZATION CONTINUES WORKING TO PROMOTE THE PROTECTION, RESTORATION, AND ENHANCEMENT OF FORESTS THROUGH CARBON SEQUESTRATION.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 71-0879754
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U20)
- Assets (IRS master file)
- $1,379,982
- Income (IRS master file)
- $475,170
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $475,170 | $41,613 | $1,379,982 | IRS |
| 990 | December 2023 | $111,873 | $46,159 | $967,807 | XML |
| 990 | December 2022 | -$1,478 | $7,089 | $863,416 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 71-0879754).
Questions about CARBON FUND
- What is the EIN of CARBON FUND?
- The employer identification number (EIN) of CARBON FUND is 71-0879754.
- Is CARBON FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CARBON FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARBON FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CARBON FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CARBON FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CARBON FUND?
- The 990 for the year ended December 31, 2024 names JAMES L CUMMINS.
- Who are the officers and directors of CARBON FUND?
- The 990 for the year ended December 31, 2024 lists 15 people; 0 received compensation from the organization.
- How much revenue does CARBON FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $475,170, expenses of $41,613 and total assets of $1,379,982 at year end.
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