Financial Transparency - Carbon Neutral Indiana

Financial Transparency

Carbon Neutral Indiana (CNI) is a project of the Indiana Forest Alliance (IFA), a 501c3 non-profit. Every year, non-profits make their Form 990 tax documents available publicly. You can explore IFA's financial documents using ProPublica's Nonprofit Explorer tool.

Since CNI was founded April 7, 2020, we have not yet reported our finances to the IRS.

The climate crisis requires us to move quickly. The two largest obstacles to CNI growing quickly are education and trust:

Obstacle #1 - Education

 

According to researchers at Yale, over 50% of Hoosiers are worried about climate. Most of them don't know it's easy to measure their carbon footprints and affordable to clean them up. Once people learn this, many want to do their part and "clean up their carbon trash." So the first obstacle to growing quickly is simply education.

Obstacle #2 - Trust

 

CNI hasn't received grants yet. In the meantime, we fundraise by selling high quality carbon offsets (learn more here). The voluntary carbon offset market has been around since the 90s. Still, it's new to a lot of people. Because it's new -- and because it's so abstract -- it requires more trust than, say, Girl Scouts fundraising by selling Girl Scout cookies. So we at CNI are following the advice of Stephen M. R. Covey from his book The Speed of Trust to intentionally cultivate and grow trust. Radical transparency is one way to do this.

This page is a work in progress. We're working with IFA's bookkeeper, Lora Bowman, to find the best ways to share our finances publicly much more frequently than in our yearly report to the IRS. We'd like to update this page monthly. For even more transparency, we might publish redacted versions of our bank statements here. Stay tuned.

Income

 

Deposits for Carbon Offsets

 

Apr, 2020 - $190.70 for 13 offsets

May, 2020 - $312.20 for 21 offsets

Jun, 2020 - $1,969.39 for 132 offsets

Jul, 2020 - $1,740.62 for 117 offsets

Aug, 2020 - $2,349.28 for 157 offsets

Sep, 2020 - $3,456.20 for 231 offsets

Oct, 2020 - $3,513.22 for 235 offsets

Nov, 2020 - $4,279.50 for 286 offsets

Dec, 2020 - $4,015.98 for 268 offsets

Jan, 2021 - $4,992.90 for 333 offsets

Feb, 2021 - $5,589.75 for 373 offsets

 

Donations

 

Coming soon

 

Expenses

 

Carbon Offsets Purchases

 

When someone pays Carbon Neutral Indiana for carbon offsets we record that as a deposit. After a month or two, we look back at how many deposits there were for a given month and purchase that many offsets. When we do they are "retired" (taken out of circulation). Learn more about retirement here.

Jul 2, 2020 - Retired 13 offsets (View public record)

Aug 7, 2020 - Retired 21 offsets (View public record)

Sep 14, 2020 - Retired 132 offsets (View public record)

Nov 15, 2020 - Retired 117 offsets (View public record)

Nov 15, 2020 - Retired 157 offsets (View public record)

Jan 7, 2021 - Retired 231 offsets (View public record)

Jan 7, 2021 - Retired 235 offsets (View public record)

Jan 7, 2020 - Retired 286 offsets (View public record)

Apr 16, 2021 - Retired 305 offsets (View public record)

Apr 16, 2021 - Retired 233 offsets (View public record)

Apr 16, 2021 - Retired 100 offsets (View public record)

 

Other

 

Coming soon