Organizations Filed Purposes:
FIRST STREET FOUNDATION'S MISSION IS TO EDUCATE CITIZENS AND ELECTED OFFICIALS ON THE RISKS, CAUSES AND SOLUTIONS TO SEA LEVEL RISE AND FLOODING. WE DO THIS BY LEVERAGING OUR EXPERTISE IN DATA SCIENCE, DIGITAL MARKETING AND COMMUNICATIONS TO CREATE TOOLS THAT BREAK DOWN THIS COMPLEX SUBJECT INTO EASY TO UNDERSTAND TOPICS AND VISUALIZATIONS.
Helps Americans understand their past, present, and future risk of flooding. Through scientific research that is integrated into the consumer facing websites.
Throughout 2019, First Street Foundation furthered its research related to tidal flooding and its impact to home values. The result of this effort was a complete analysis of 18 coastal states, from Maine to Mississippi, which found a home value loss of $15.9 billion in relative values. The analysis focused on transactions between 2005 and 2017 and demonstrated that sea level rise was the singular culprit driving home value loss. The release of this data garnered tremendous earned media and was covered by the top news outlets in the country. The successful effort to quantify home value loss resulting from sea level rise led the Foundation to expand this effort and take climate adjusted flood modeling to the next level. After a thorough review of the current scientific literature and available models in-market, the Foundation created an RFP and established partnerships with the top academic and for-profit institutions working in the space, aligning them around the goal of building a nationwide, publicly available, property specific, climate adjusted flood model that would incorporate all sources of flood risk. The creation and subsequent dissemination of this data would correct for asymmetries in the housing market by democratizing, and making assessable to the average consumer, critical data about flood risk that had never been publicly available before. This underlying mission was so ambitious and impactful that simply announcing the Foundations partners and the shared objective of this work was covered on the front-page of the Wall Street Journal. From June onward, the Foundation worked diligently with our partners towards the goal of launching the new flood model within 12 months. This included filling critical roles within the company to conduct the research while finding the necessary data inputs, such as parcel boundaries, adaptation features, and building footprints, to bring our vision to life. While all of this research was ongoing, the Foundation continued to add new data to the Flood iQ product (now rebranded as Flood Factor) and built an application programming interface (API) to distribute the current and future work. Flood iQ ensured that the property value research conducted earlier in the year was accessible and comprehensible. The launch of the API allowed for power users to have bulk access to the data products created to further partner research in the field.
Executives Listed on Filing
Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing
| Name | Title | Hours Per Week | Total Salary |
|---|
| Matthew Eby | PRESIDENT & EXECUTIVE DIRECTOR | 60 | $398,020 |
| Sara Chadwick | Head of Marketing | 60 | $248,580 |
| Steven Mcalpine | Head of Data Science | 60 | $215,441 |
| Dan Seripap | Head of Engineering | 60 | $183,035 |
| Nathan Rosler | Design Lead | 60 | $118,558 |
| Neil Freeman | Scoring Lead | 60 | $114,119 |
| Keith Pardy | BOARD MEMBER | 1 | $0 |
| Cameron Clayton | TREASURER | 1 | $0 |
Data for this page was sourced from XML published by IRS (
public 990 form dataset) from:
https://s3.amazonaws.com/irs-form-990/202033159349303243_public.xml