2025-10-28T08:57:54-05:00 2024-12-31 521853933 JM&M 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2024-01-18 991349001 HOURGLASS CLIMATE INC HOUR 9737680087 18-20 LACKAWANNA PLAZA SUITE 300 MONTCLAIR NJ 07042 MARGARET ANDREWS EXECUTIVE DIRECTOR 9737680087 2025-10-27 1 1 SEAN MCELWANEY P01608821 4108840220 2024 2025-03-06 01:10:19Z X MARGARET ANDREWS 18-20 LACKAWANNA PLAZA SUITE 300 MONTCLAIR NJ 07042 7558411 0 X HOURGLASSCLIMATE.ORG X 2024 DE TO PROTECT THE NATURAL ENVIRONMENT BY STRATEGICALLY RESEARCHING THE SAFETY AND EFFICACY OF OCEAN ALKALINITY ENHANCEMENT ("OAE")-BASED CARBON DIOXIDE REMOVAL TECHNIQUES AND DISSEMINATE THE RESULTS OF SUCH RESEARCH TO ACCELERATE RESPONSIBLE CARBON DIOXIDE REMOVAL AND CLIMATE IMPACT AT SCALE. 2 2 14 3 0 0 7479063 53536 25812 0 7558411 0 0 860953 0 53912 708346 1569299 5989112 6052544 63432 5989112 X TO PROTECT THE NATURAL ENVIRONMENT BY STRATEGICALLY RESEARCHING THE SAFETY AND EFFICACY OF OCEAN ALKALINITY ENHANCEMENT ("OAE")-BASED CARBON DIOXIDE REMOVAL TECHNIQUES AND DISSEMINATE THE RESULTS OF SUCH RESEARCH TO ACCELERATE RESPONSIBLE CARBON DIOXIDE REMOVAL AND CLIMATE IMPACT AT SCALE. 0 0 1119023 53536 CONDUCT INDEPENDENT SCIENCE ON MINERAL-BASED OAE THROUGH (I) DEVELOPMENT OF RESEARCH PROTOCOLS AND SAFETY FRAMEWORKS, (II) INITIATION OF COLLABORATIVE STUDIES AND CONTRACTING WITH RESEARCH PARTNERS, AND (III) DISSEMINATION OF RESULTS AND LEARNINGS TO THE SCIENTIFIC COMMUNITY AND PUBLIC. 1119023 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 7 0 1 14 1 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X THE ORGANIZATION 9737680087 18-20 LACKAWANNA PLAZA SUITE 300 MONTCLAIR NJ 07042 ANTONIUS GAGERN SECRETARY 1.00 X X 0 0 0 KEVIN TIDWELL TREASURER 1.00 X X 0 0 0 MARGARET ANDREWS EXECUTIVE DIRECTOR 40.00 X 96320 0 78 96320 0 78 0 0 0 0 0 14972 7464091 7479063 CONSULTING FEE INCOME 900099 53536 53536 53536 25812 25812 7558411 53536 0 25812 X 96397 63481 27893 5023 654257 431007 189128 34122 13978 5031 8937 10 30045 10814 19209 22 66276 43569 18953 3754 21938 21938 40250 40250 371105 336559 32861 1685 3822 3100 722 10277 910 9367 111484 111484 45555 22818 17675 5062 8175 3941 4234 2245 697 1548 6252 6252 LAB SAMPLES 36045 36045 EQUIPMENT 25977 25977 SUPPLIES 23613 23590 23 TRAINING 1608 1608 1569299 1119023 396364 53912 0 470068 0 391836 0 3546 13528 2246 0 11282 0 5175812 0 6052544 0 63432 0 63432 X 5989112 0 5989112 0 6052544 5989112 0 X 0 1 X 0 0 X 7479063 7479063 7479063 7479063 2949902 4529161 25812 25812 7504875 53536 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION STARTED ITS OPERATIONS ON JANUARY 18, 2024. SCHEDULE A FOR 2024 IS 18 DAYS SHORT OF A FULL YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6928 896 6032 6600 1350 5250 11282 X 7581755 23344 23344 7558411 0 7558411 1592643 23344 23344 1569299 0 1569299 PART X, LINE 2: THE ORGANIZATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS OR THAT WOULD HAVE AN EFFECT ON ITS TAX-EXEMPT STATUS. THERE ARE NO UNRECOGNIZED TAX BENEFITS OR LIABILITIES THAT NEED TO BE RECORDED. EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES CONSULTING 65011 0 1 0 0 0 1 65011 0 65011 0 0 0 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S BOARD OF DIRECTORS DOES NOT HAVE ANY COMMITTEES THAT HAVE AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DESIGNATED MANAGEMENT TO REVIEW AND APPROVE THE FORM 990 BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C DIRECTORS, OFFICERS, COMMITTEE MEMBERS, AND KEY EMPLOYEES ANNUALLY ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AND SUBMIT WRITTEN DISCLOSURE STATEMENTS; THE SECRETARY REVIEWS THESE AND PERIODICALLY REPORTS TO THE BOARD. FOR ANY POTENTIAL CONFLICT TRANSACTION, THE INTERESTED PERSON DISCLOSES ALL MATERIAL FACTS, RECUSES, AND DOES NOT VOTE OR REMAIN PRESENT DURING THE DECISION, WHICH IS MADE ONLY BY DISINTERESTED DIRECTORS. THE BOARD CONSIDERS COMPARABILITY DATA TO ENSURE TERMS ARE REASONABLE AND IN THE ORGANIZATION'S BEST INTERESTS, AND THE MINUTES DOCUMENT THE DISCLOSURES, RECUSALS, DATA RELIED UPON, APPROVALS, AND WHO WAS PRESENT/VOTED. MINUTES ARE REVIEWED AND APPROVED AT THE NEXT MEETING. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR IS APPROVED BY DISINTERESTED DIRECTORS AFTER REVIEW OF APPROPRIATE COMPARABILITY DATA, WITH THE INTERESTED PERSON RECUSED. THE BOARD DOCUMENTS THE BASIS FOR ITS DETERMINATION IN THE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G FISCAL SPONSOR FEE: PROGRAM SERVICE EXPENSES 76,063. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 76,063. FOREIGN CONSULTING: PROGRAM SERVICE EXPENSES 65,011. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,011. PROGRAM SERVICE CONTRACTS: PROGRAM SERVICE EXPENSES 190,901. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 190,901. OTHER CONSULTING: PROGRAM SERVICE EXPENSES 4,584. MANAGEMENT AND GENERAL EXPENSES 8,334. FUNDRAISING EXPENSES 1,685. TOTAL EXPENSES 14,603. PAYROLL ADMIN FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 24,527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,527.