2024-05-14T11:32:10-07:00 2023-06-30 680260103 REGALIA & ASSOCIATES CPAS 103 TOWN COUNTRY DR STE K DANVILLE CA 94526 990 2022-07-01 475068496 Cool Effect Inc COOL 4154542665 100 Drakes Landing 260 Greenbrae CA 94904 RICHARD H LAWRENCE JR Co-Founder 4154542665 2024-05-14 true RICHARD LAWRENCE 999009999 true Douglas W Regalia P00186389 9253140390 2 AAL1 IAL1 FAL1 2022 2023-04-26 12:10:37Z RICHARD H LAWRENCE JR 100 Drakes Landing 260 Greenbrae CA 94904 18784571 false X www.cooleffect.org X 2015 DE Cool Effect's mission is to help cool the earth by supporting verified carbon reducing projects across the globe through crowd funding. 3 3 3 10 0 18358826 18629202 140000 853213 15369 0 19212039 18784571 121450 0 834278 940545 0 0 17879729 18106974 18714007 19168969 498032 -384398 6719079 8181551 1245197 3073658 5473882 5107893 Cool Effect believes that small actions ignite planet-sized changes. The Organization developed a platform that brings people together to support the worlds best carbon emission reduction projects. false false 19006486 121450 140000 Cool effects mission is to reduce carbon emissions by supporting projects across the globe that reduce CO2. Cool effect educates the public on the effects of climate change and solicits donations to support carbon reduction projects, empowering individuals and businesses to take action in the fight against climate change. Cool effect performs a deep analysis on both the science and the business structure of projects that claim to remove carbon from the atmosphere. All projects under consideration must first be approved by third-party standard-keeping organizations such as the gold standard, verified carbon standard, and climate action reserve, among others.Cool effect then undertakes an extensive review process using its team of scientists to ensure the project meets very tough standards. At that same time, cool effect also reviews project management to assess whether donations are going where they should and that the project will operate well into the future. 19006486 true true false false false false false false false false true false false false false true false true false true true false false false false false false false false true false false false false false false false false false false false false false false false false false true 9 0 true 3 true false false false false false false false 0 false false false false false false false X 3 3 true false false false false false false true true false false true true true true true true true true true true CA DE NY X X X JR Patterson 4154542665 100 Drakes Landing Suite 260 Greenbrae CA 94904 Jodi Manning CEO 40.00 40.00 X 0 359209 0 JR Patterson Controller 0.00 20.00 0 116507 0 Mike Bruce CFO/COO 40.00 40.00 X 0 111942 0 RICHARD H LAWRENCE JR Co-Founder 2.00 0.00 X X 0 0 0 DEE LAWRENCE Co-Founder 40.00 0.00 X X 0 0 0 SKYE LAWRENCE Director 2.00 0.00 X X 0 0 0 Dr Robert Dubrow Advisory Board 0.50 0.00 X 0 0 0 Pavel Molchanov Advisory Board 0.50 0.00 X 0 0 0 Hector Morales Advisory Board 0.50 0.00 X 0 0 0 Dr Michael Wara Advisory Board 0.50 0.00 X 0 0 0 587658 0 false true false Demonstrate PR LLC 2513 Van Ness Avenue San Francisco CA 94109 Public Relations 557368 1 18629202 9918 18629202 Project Finder Fee 541700 140000 140000 140000 15369 15369 0 0 0 0 0 0 0 0 18784571 140000 15369 0 0 121450 121450 0 471151 426372 44779 0 422766 382586 40180 0 0 46628 42196 4432 0 860 860 23734 23734 0 0 0 0 602627 602627 27820 25038 2782 143552 143552 0 82500 74250 8250 85035 85035 0 0 0 0 162217 154106 8111 0 Carbon reduction projects 16806874 16806874 Outside consulting services 216650 216650 Bank charges and fees 37605 37605 Less: In-Kind rent -82500 -74250 -8250 0 19168969 19006486 162483 0 745328 1089525 0 0 0 0 0 0 5205122 4843574 451040 1962752 57026 57026 2706 0 101042 149862 0 0 213841 135838 0 6719079 8181551 1053867 1160430 191330 1913228 1245197 3073658 X 5473882 5107893 5473882 5107893 6719079 8181551 -384398 18409 X false true X true false X 5813234 9306074 10484292 18358826 18629202 62591628 0 0 5813234 9306074 10484292 18358826 18629202 62591628 14888528 47703100 19068 131878 144852 853213 15369 1164380 0 1129 1129 63757137 140000 0.74820 0.52250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11847 11847 42126 42126 3053 3053 X 18885480 18409 82500 100909 18784571 18784571 19251469 82500 82500 19168969 19168969 Part X : FIN48 Footnote Financial statement presentation follows the recommendations of ASC 740, Income Taxes. Under ASC 740, Cool Effect is required to report information regarding its exposure to various tax positions taken by Cool Effect and requires a two-step process that separates recognition from measurement. The first step is determining whether a tax position has met the recognition threshold; the second step is measuring a tax position that meets the recognition threshold. Management believes that Cool Effect has adequately evaluated its current tax positions and has concluded that as of June 30, 2023, Cool Effect does not have any uncertain tax positions for which a reserve or an accrual for a tax liability would be necessary.Cool Effect has received notification from the Internal Revenue Service and the State of California that it qualifies for tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and Section 23701d of the California Revenue and Taxation Code. The exemptions are subject to periodic review by the federal and state taxing authorities and management is confident that Cool Effect continues to satisfy all federal and state statutes in order to qualify for continued tax exemption status. Cool Effect may periodically receive unrelated business income (such as sublease rental income) requiring Cool Effect to file separate tax returns under federal and state statutes. Under such conditions, Cool Effect calculates and accrues the applicable taxes. true India 0 0 Cell phones for women in India Technology assistance 6450 Mexico 0 0 Funding of nature conservation Nature Conservation 115000 Brazil 0 1 Project Research Nature Conservation 161875 1 1 283325 283325 2 false false false false false false Part I, Line 2 - Grantmakers Explanation For Monitoring Use of Funds Outside US Cool Effect analyzes factors that lead to success or failure of the projects funded in foreign locations. Part I, Line 3f - Method of Accounting The accrual method of accounting is utilized. Part II, Line 1 - Method of Accounting The accrual method of accounting is utilized. false false false false false false false false false Jodi Manning CEO 359209 359209 Form 990, Part VI, Section A, Line 2 Board members Richard Lawrence, Jr. and DEE LAWRENCE are husband and wife. Board member SKYE LAWRENCE is the daughter of Richard Lawrence, Jr. and DEE LAWRENCE. Form 990, Part VI, Section B, Line 11b Form 990 is prepared by an outside tax professional. The form is then reviewed by the organization's management. After a full review, the final version of the tax return is provided to all members of the organization's voting body. A representative of management authorizes the final form 990 which is then e-filed with the internal revenue service. Form 990, Part VI, Section B, Line 12c Members of the Board of Directors review all potential conflicts of interest periodically. Top management and all Board members are required to disclose potential conflicts and any related party affiliations. The organization seeks full transparency on all relationships. Any potential conflicts (in fact or appearance) are discussed openly and resolved in accordance with the organization's policies and procedures. Form 990, Part VI, Section B, Line 15a Members of the board of directors review the compensation of all high-level personnel periodically in accordance with IRS rules and regulations. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries. Every effort is made to ensure that the process is thorough and transparent in accordance with IRS guidelines and the organization's policies and procedures. Form 990, Part VI, Section B, Line 15b Compensation of other personnel and highly compensated employees is reviewed periodically by members of management. Efforts are made to secure compensation data from industry sources in order to determine competitiveness and appropriateness of salaries and all related benefits. All decisions are then documented in personnel files. Form 990, Part VI, Section C, Line 18 Tax returns are available for download from several websites and by request from the organization's office in Greenbrae, California. Form 990, Part VI, Section C, Line 19 All of the organization's governing documents, financial statements, and other legal filings are maintained in a secure environment and held available for inspection by tax authorities and the general public. Tax returns are posted annually to our website and to www.guidestar.org (where they are available for viewing as electronic copies) and are also available by request from the organization's office.