Nonprofit · EIN 85-4125576
TERRAPRAXIS INC
Also known as TERRAPRAXIS
Tax-exempt · CAMBRIDGE, MA 02138
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,514,293 | $2,013,738 | -$499,445 | $413,697 | $355,137 | $58,560 |
| December 31, 2023 | 990 | $2,350,945 | $3,178,764 | -$827,819 | $823,318 | $265,313 | $558,005 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,488,584
- Program service revenue
- $24,982
- Investment income
- $0
- Other revenue
- $727
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $132,124
- Other salaries and wages
- $737,487
- Salaries, compensation and benefits (total)
- $1,072,154
- Professional fundraising fees
- $0
- Accounting fees
- $4,118
- Occupancy
- $325
- Travel
- $45,009
- Depreciation
- $1,270
- Program services (functional)
- $1,618,624
- Management and general (functional)
- $395,114
Balance sheet and other
- Total assets, start of year
- $823,318
- Total assets, end of year
- $413,697
- Total liabilities, end of year
- $355,137
- Net assets, end of year
- $58,560
- Land, buildings and equipment
- $5,968
- Net assets without donor restrictions
- $58,560
- Gross receipts
- $1,514,293
- Employees
- 8
- Year formed
- 2021
- State of legal domicile
- MA
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 |
|---|---|---|---|
| ERIC INGERSOLL | PRESIDENT Trustee or director, Officer, Key employee | 20 | $132,124 |
| KIRSTY GOGAN | VICE PRESIDENT Trustee or director, Officer | 20 | $0 |
| R VYSATOVA | TREAS & CLERK Trustee or director, Officer | 4 | $0 |
| AMY ROMA | DIRECTOR Trustee or director | 4 | $0 |
| A WHITTAKER | DIRECTOR Trustee or director | 4 | $0 |
| J BUONGIORNO | DIRECTOR Trustee or director | 4 | $0 |
| RAY ROTHROCK | DIRECTOR Trustee or director | 4 | $0 |
| ELLEN BAUM | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERIC INGERSOLL | PRESIDENT Trustee or director, Officer, Key employee | 32 | $229,824 |
| KIRSTY GOGAN | VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| R VYSATOVA | TREAS & CLERK Trustee or director, Officer | 4 | $0 |
| AMY ROMA | DIRECTOR Trustee or director | 1 | $0 |
| A WHITTAKER | DIRECTOR Trustee or director | 4 | $0 |
| J BUONJIORNO | DIRECTOR Trustee or director | 4 | $0 |
| RAY ROTHROCK | DIRECTOR Trustee or director | 4 | $0 |
| ELLEN BAUM | DIRECTOR Trustee or director | 4 | $0 |
Address and contacts
- Address (IRS master file)
- 160 ALEWIFE BROOK PKWY UNIT 1261, CAMBRIDGE, MA 02138-1102
- In care of
- % ROMANA VYSATOVA
- Principal officer (990 for 2024)
- ERIC INGERSOLL, 120 LAKE VIEW AVENUE, CAMBRIDGE, MA 02138
- Signed the 990
- ERIC INGERSOLL, PRESIDENT
- Phone
- (413) 237-6443
- Return prepared by
- BERNICE F LORD CPA
Mission
TO DEFINE INNOVATIVE PATHWAYS TO ACHIEVE RESULTS AT THE COST, SPEED AND SCALE NECESSARY FOR WIDESPREAD DECARBONIZATION BY MOBILIZING CUSTOMERS, GOVERNMENTS, INDUSTRY, INVESTORS, NGOS,AND REGULATORS
Program accomplishments
- TO DEFINE INNOVATIVE PATHWAYS TO ACHIEVE RESULTS AT THE COST, SPEEDExpenses $1,618,624 · revenue $568,496
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
- 85-4125576
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W05)
- Assets (IRS master file)
- $413,697
- Income (IRS master file)
- $1,514,293
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,514,293 | $2,013,738 | $413,697 | XML |
| 990 | December 2023 | $2,350,945 | $3,178,764 | $823,318 | XML |
| 990 | December 2022 | $2,556,739 | $1,129,785 | $2,184,997 | IRS |
| 990 | December 2021 | – | – | – | 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 85-4125576).
Questions about TERRAPRAXIS INC
- What is the EIN of TERRAPRAXIS INC?
- The employer identification number (EIN) of TERRAPRAXIS INC is 85-4125576.
- Is TERRAPRAXIS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to TERRAPRAXIS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TERRAPRAXIS INC 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 TERRAPRAXIS INC 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 TERRAPRAXIS INC 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 TERRAPRAXIS INC?
- The 990 for the year ended December 31, 2024 names ERIC INGERSOLL.
- Who are the officers and directors of TERRAPRAXIS INC?
- The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $132,124 (ERIC INGERSOLL, PRESIDENT).
- How much revenue does TERRAPRAXIS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,514,293, expenses of $2,013,738 and total assets of $413,697 at year end.
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