Climateworks Foundation
- Assets
- $503.2m
- Revenue
- $366.2m
- Investments
- $0.0
- Employees
- 116
- Location
- San Francisco, CA
- Founding
- 02/2009
- Data as of
- 12/2021
- EIN
- 26-2303250
Organization Overview
Climateworks Foundation is located in San Francisco, CA. The organization was established in 2009. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Climateworks Foundation employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climateworks Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Climateworks Foundation generated $366.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 31.5% each year . All expenses for the organization totaled $180.1m during the year ending 12/2021. While expenses have increased by 9.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Climateworks Foundation has awarded 581 individual grants totaling $220,871,346. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO END THE CLIMATE CRISIS BY AMPLIFYING THE POWER OF PHILANTHROPY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Decardy Acting President & CEO Start 5/2021 | OfficerTrustee | 40 | $494,541 |
Shawn P Reifsteck Vp, Strat, Collab & Brand/prog Strat | Officer | 40 | $445,381 |
Susan Elizabeth Cook Chief Operating Officer | Officer | 40 | $440,151 |
Charles Mcelwee Vp, Programs | Officer | 40 | $428,310 |
Irene Kim Vp, Development | Officer | 40 | $401,612 |
Surabi Menon Vp, Global Intelligence | Officer | 40 | $379,182 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sustainable & Climate Strategies Program And Prof. Services | 12/30/21 | $960,000 |
Pt Jestio Bario Neurone Program Services | 12/30/21 | $828,866 |
Exponent Partners It Professional Services | 12/30/21 | $452,306 |
Vesancy Forestry Consultants Program Management Services | 12/30/21 | $555,854 |
Mckinsey & Company Program And Prof. Services | 12/30/21 | $423,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $513,378 |
| All other contributions, gifts, grants, and similar amounts not included above | $365,720,099 |
| Noncash contributions included in lines 1a–1f | $58,759,080 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $366,233,477 |
| Total Program Service Revenue | $41,500 |
| Investment income | $28,170 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$122,094 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $366,181,053 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $83,935,635 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $43,952,165 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $4,029,061 |
| Compensation of current officers, directors, key employees. | $1,472,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,532,887 |
| Pension plan accruals and contributions | $1,613,175 |
| Other employee benefits | $2,174,892 |
| Payroll taxes | $1,021,961 |
| Fees for services: Management | $1,468,438 |
| Fees for services: Legal | $119,772 |
| Fees for services: Accounting | $104,611 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $52,470 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $23,397,090 |
| Advertising and promotion | $0 |
| Office expenses | $373,991 |
| Information technology | $1,720,550 |
| Royalties | $0 |
| Occupancy | $1,741,853 |
| Travel | $325,863 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $222,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $245,388 |
| Insurance | $55,303 |
| All other expenses | $0 |
| Total functional expenses | $180,102,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,798,649 |
| Savings and temporary cash investments | $292,871,931 |
| Pledges and grants receivable | $168,898,250 |
| Accounts receivable, net | $354,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $844,630 |
| Net Land, buildings, and equipment | $1,135,406 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $292,716 |
| Total assets | $503,195,695 |
| Accounts payable and accrued expenses | $5,873,931 |
| Grants payable | $36,154,907 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $29,887,550 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $940,372 |
| Total liabilities | $72,856,760 |
| Net assets without donor restrictions | $35,693,328 |
| Net assets with donor restrictions | $394,645,607 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $503,195,695 |
Grants Awarded
Over the last fiscal year, Climateworks Foundation has awarded $83,928,154 in support to 148 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: PROJECT SUPPORT; PROGRAM SUPPORT | $9,882,778 |
San Francisco, CA PURPOSE: PROJECT SUPPORT | $8,000,000 |
San Francisco, CA PURPOSE: PROJECT SUPPORT | $5,050,000 |
San Francisco, CA PURPOSE: PROJECT SUPPORT | $4,000,000 |
UNITED NATIONS ENVIRONMENT PROG UNEP PURPOSE: PROJECT SUPPORT | $3,411,239 |
San Francisco, CA PURPOSE: PROJECT SUPPORT | $2,666,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Climateworks Foundation has recieved totaling $400,000.
| Awarding Organization | Amount |
|---|---|
The Joseph And Vera Long Foundation Walnut Creek, CA PURPOSE: AVIATION INITIATIVE | $200,000 |
The Joseph And Vera Long Foundation Walnut Creek, CA PURPOSE: SHIPPING INITIATIVE | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Climateworks Foundation San Francisco, CA | $503,195,695 | $366,181,053 |
National Space Grant Foundation Inc Albany, OR | $2,928,513 | $2,097,734 |
Vertuelab Portland, OR | $3,945,647 | $2,326,583 |
The National Academies Corporation Irvine, CA | $20,487,959 | $666,842 |
Perlan Project Inc Beaverton, OR | $1,278,425 | $1,310,788 |
Unitary Fund San Francisco, CA | $608,944 | $1,005,122 |
California Grape Rootstock Research Foundation Sacramento, CA | $1,990,350 | $369,642 |
Center For The Study Of Partisanship And Ideology Sierra Madre, CA | $676,619 | $24,000 |
Usrca Lafayette, CA | $53,783 | $117,540 |
Siebel Energy Institute Redwood City, CA | $0 | $0 |
Science Partnership Fund Pasadena, CA | $2,622 | $0 |
Bill Nye Science Foundation Los Angeles, CA | $224,364 | $0 |