ARCTIC ICE PROJECT

EIN: 264434262 501(c)(3) Environment

REDWOOD CITY, CA

Total Revenue
$351,717
Total Expenses
$748,869
Total Assets
$302,871
Net Assets
$290,096
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
Annette Eros
Phone
4152751873
Tax Period
2024-01-01 to 2024-12-31

ARCTIC ICE PROJECT, founded in 2008, is a small nonprofit in the Environment sector that reported $352K in total revenue in fiscal year 2024. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $749K exceeded revenue, resulting in a 113% operating deficit.

Mission

Through innovative scientific research and the development of safe geoengineering methods, AIP addresses the rapid loss of Arctic sea ice, a critical factor in global climate regulation. Preserving the Arctics reflective ice cover helps mitigate global warming and safeguard ecosystems. AIP is developing environmentally safe Surface Albedo Modification (SAM) techniques using materials like hollow glass microspheres (HGMs) to enhance the reflectivity of sea ice. This increased reflectivity can disrupt the feedback loops that accelerate ice melt, contributing to the stabilization of Arctic temperatures and the global climate. Grounded in scientific rigor, safety, and a commitment to restoring the Arctic ecosystem, AIP collaborates with diverse stakeholders to deliver innovative and responsible solutions to one of the planets most urgent climate challenges.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $351,703
Program Service Revenue $0
Investment Income $14
Other Revenue $0
TOTAL REVENUE $351,717

Expense Breakdown

Grants Paid $0
Salaries & Benefits $463,436
Fundraising Expenses $55,860
Program Expenses $591,565
Other Expenses $285,433
TOTAL EXPENSES $748,869

Year-over-Year Comparison

2024 2023 Change
Revenue $351,717 $1,092,717 -0.7%
Expenses $748,869 $1,120,508 -0.3%
Net Income $-397,152 $-27,791 +13.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
4
Volunteers
25

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$232,043
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Annette Eros CEO 40.00
Officer
$232,043 $0 $232,043
Steve Payne Chairman 5.00
Officer Director
$0 $0 $0
Steve Zornetzer Vice President 5.00
Officer Director
$0 $0 $0
Carol Sontag Secretary 10.00
Officer Director
$0 $0 $0
Christine Gu Treasurer 2.00
Director
$0 $0 $0
Sara Stone Psihas Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $351,717 $748,869 $302,871 $-397,152
2023 $1,092,717 $1,120,508 $694,301 $-27,791
2022 $1,107,769 $929,953 $854,868 $177,816
2021 $925,133 $956,993 $578,140 $-31,860
2020 $765,057 $921,336 $575,302 $-156,279
2019 $1,041,331 $796,846 $421,620 $244,485
2018 $720,405 $692,798 $177,135 $27,607
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