Verra
- Assets
- $50.5m
- Revenue
- $40.5m
- Investments
- $0.0
- Employees
- 56
- Location
- Washington, DC
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 27-0566795
Organization Overview
Verra is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2021, Verra employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verra 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, Verra generated $40.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $17.6m during the year ending 12/2021. While expenses have increased by 26.9% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
VERRA DEVELOPS AND MANAGES STANDARDS THAT HELP COUNTRIES, THE PRIVATE SECTOR AND CIVIL SOCIETY ACHIEVE THEIR SUSTAINABLE DEVELOPMENT AND CLIMATE ACTION GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VCS PROGRAM: THE WORLD'S MOST WIDELY USED GREENHOUSE GAS (GHG) PROGRAM, THE VCS PROGRAM CERTIFIES GHG EMISSION REDUCTION PROJECTS ACCORDING TO A RIGOROUS SET OF RULES AND REQUIREMENTS THAT ENSURE THE ENVIRONMENTAL INTEGRITY OF THOSE PROJECTS.
LANDSCALE STANDARD: LANDSCALE (LS) IS A COLLABORATIVE INITIATIVE LED BY THE CLIMATE, COMMUNITY AND BIODIVERSITY ALLIANCE, THE RAINFOREST ALLIANCE AND VERRA. THE LS IS AN EMERGING TOOL TO HELP DRIVE LANDSCAPE-SCALE SUSTAINABILITY. IT WILL PROVIDE MEASURABLE INDICATORS OF THE STATE AND TRAJECTORY OF SUSTAINABILITY AT THE LANDSCAPE LEVEL ACROSS ENVIRONMENTAL, SOCIAL, AND ECONOMIC DIMENSIONS. THIS LANDSCAPE LEVEL APPLICATION SETS THE LS APART FROM OTHER SUSTAINABILITY STANDARDS, COMPLEMENTING SUSTAINABILITY EFFORTS THAT TARGET INDIVIDUAL PRODUCTION SITES, ACTIVITIES OR SECTORS.
INNOVATIONS: DEVELOPMENT OF AGRICULTURAL INNOVATIONS, NATURE BASED INNOVATIONS AND INDUSTRIAL GHG INNOVATIONS AND OTHER INNOVATIONS TO ENABLE THE VCS AND OTHER VERRA PROGRAMS MEET EMERGING NEEDS AND OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Antonioli Chief Executive Officer | Officer | 40 | $345,272 |
Toby Janson-Smith Chief Innovation Officer | Officer | 40 | $244,389 |
Naomi Swickard Chief Program Officer | Officer | 40 | $244,163 |
William Ferretti Chief Operating & Financial Officer | Officer | 40 | $223,699 |
Robin Rix Chief Legal Officer | Officer | 40 | $185,094 |
Jerry Seager Chief Program Management Officer | 40 | $154,003 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Apx Environmental Markets Design & Maintain In-house Registry Db | 12/30/21 | $3,173,489 |
Globalization Partners Professional Employment Services | 12/30/21 | $2,904,328 |
Climate Focus Bv Review Methodologies | 12/30/21 | $305,774 |
Wildlife Works Carbon Llc Methodology Dev. Compensation | 12/30/21 | $377,145 |
Climate Focus Methodology Dev. Compensation | 12/30/21 | $617,478 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,522,332 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,522,332 |
| Total Program Service Revenue | $38,956,641 |
| Investment income | $26,486 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,505,459 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $227,270 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $337,220 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,474,516 |
| Compensation of current officers, directors, key employees. | $700,359 |
| Compensation to disqualified persons | $353,081 |
| Other salaries and wages | $5,285,127 |
| Pension plan accruals and contributions | $106,408 |
| Other employee benefits | $959,788 |
| Payroll taxes | $234,241 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $257,144 |
| Fees for services: Accounting | $21,796 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,111,352 |
| Advertising and promotion | $0 |
| Office expenses | $894,086 |
| Information technology | $413,282 |
| Royalties | $0 |
| Occupancy | $270,530 |
| Travel | $52,754 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $147,271 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $216,029 |
| Insurance | $73,757 |
| All other expenses | $0 |
| Total functional expenses | $17,589,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,972,523 |
| Savings and temporary cash investments | $45,597,825 |
| Pledges and grants receivable | $579,200 |
| Accounts receivable, net | $776,933 |
| 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 | $836,476 |
| Net Land, buildings, and equipment | $582,579 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $146,927 |
| Total assets | $50,492,463 |
| Accounts payable and accrued expenses | $3,705,083 |
| Grants payable | $0 |
| Deferred revenue | $4,816 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| 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 | $282,236 |
| Total liabilities | $3,992,135 |
| Net assets without donor restrictions | $46,500,328 |
| Net assets with donor restrictions | $0 |
| 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 | $50,492,463 |
Grants Awarded
Over the last fiscal year, Verra has awarded $371,657 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: Develop Pilots in the Landscale project | $265,873 |
Washington, DC PURPOSE: Initiative for Climate Action Transparency (ICAT) | $95,850 |
Arlington, VA PURPOSE: Initiative for Climate Action Transparency (ICAT) | $9,934 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Verra has recieved totaling $355,143.
| Awarding Organization | Amount |
|---|---|
Rainforest Alliance Inc New York, NY PURPOSE: LANDSCAPE | $337,643 |
Jeremy And Hannelore Grantham Environmental Trust Boston, MA PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Verra Washington, DC | $50,492,463 | $40,505,459 |
Citizens For Responsible Energy Solutions Forum Washington, DC | $3,027,966 | $5,615,141 |
Advanced Energy Economy Institute Washington, DC | $6,391,509 | $7,173,171 |
Mckinsey Org Inc Washington, DC | $2,341,944 | $4,316,487 |
Climate Leadership Council Inc Washington, DC | $3,898,896 | $3,366,095 |
Restore The Earth Foundation Inc Easton, MD | $1,843,986 | $3,275,006 |
National Council On Radiation Protection And Measurements Bethesda, MD | $2,297,188 | $3,045,295 |
The Us Climate Action Network Washington, DC | $5,013,763 | $3,045,682 |
Viridiant Richmond, VA | $3,358,357 | $1,969,212 |
The Lamb Center Fairfax, VA | $7,526,536 | $2,291,024 |
Mid Atlantic Regional Air Management Assocation Inc Towson, MD | $333,347 | $1,756,559 |
National Association Of Clean Air Agencies Washington, DC | $1,463,283 | $1,566,349 |