Climate Group Inc
- Assets
- $1.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 26
- Location
- New York, NY
- Founding
- 07/2005
- Data as of
- 06/2023
- EIN
- 43-2073566
Organization Overview
Climate Group Inc is located in New York, NY. The organization was established in 2005. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. As of 06/2023, Climate Group Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climate Group Inc 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 06/2023, Climate Group Inc generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.0% each year . All expenses for the organization totaled $5.4m during the year ending 06/2023. While expenses have increased by 20.1% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLIMATE GROUP BRINGS TOGETHER NETWORKS OF INTERNATIONAL BUSINESSES AND GOVERNMENTS TO SHIFT MARKETS TOWARD THE GOAL OF A WORLD OF NET ZERO CARBON EMISSIONS BY 2050, WITH GREATER PROSPERITY FOR ALL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLIMATE WEEK NYC 2022 SAW OVER 1000 LEADERS FROM 42 COUNTRIES IN ATTENDANCE AT THE LARGEST AND MOST FAR-REACHING CLIMATE WEEK TO-DATE. THE AFFILIATE EVENTS RELATED TO THE WEEK ALSO HIT NEW RECORDS, WITH 380 EVENTS - 243 OF WHICH WERE NEW HOSTS. THIS EVENT IS THE LARGEST CLIMATE EVENT IN THE WORLD, BRINGING TOGETHER CLIMATE LEADERS, BUSINESS, AND GOVERNMENT TO CREATE AND PUSH FORWARD CLIMATE INITIATIVES.EV100 NOW HAS 128 MEMBERS IN 100 MARKETS COMMITTING OVER 5.75 MILLION VEHICLES TO ELECTRIC BY 2030.AS PER THE LATEST ANNUAL REPORT, OVER 400,000 ELECTRIC VEHICLES ARE ALREADY ON THE ROAD ACROSS EV100 MEMBER FLEETS A JUMP OF 90% IN THE LAST 12 MONTHS. OVER 30,000 INDIVIDUAL CHARGING UNITS HAVE BEEN INSTALLED ACROSS 71 MARKETS WORLDWIDE. EV100 WELCOMED 10 NEW MEMBERS IN 2022 AND EXPANDED ITS GLOBAL FOOTPRINT TO 100 MARKETS EV100+ LAUNCHED AT CLIMATE WEEK NYC IN SEPTEMBER 2022, WITH FIVE GLOBALLY RECOGNIZED FOUNDING MEMBERS: IKEA, UNILEVER, JSW STEEL LIMITED, A.P. MOLLER - MAERSK AND GEOPOST/DPDGROUP. THEY'VE COMMITTED TO TRANSITION THEIR FLEETS ABOVE 7.5 TONS TO ZERO-EMISSION BY 2040 ACROSS OECD MARKETS, INDIA, AND CHINA. TO DATE, THE ZEV COMMUNITY HAS ENGAGED OVER 120 GOVERNMENTS WORLDWIDE TO SHARE EXPERT KNOWLEDGE, BEST PRACTICE AND TO DRIVE AMBITION FOR THE TRANSITION TO ZERO EMISSION VEHICLES.RE100 NOW HAS OVER 400 MEMBERS. THE BUSINESS DEMAND FOR RENEWABLE ELECTRICITY FROM RE100 MEMBERS IS GREATER THAN THE ELECTRICITY DEMAND OF A G7 ECONOMY. RE100 MEMBERS ARE NOW SOURCING 184 TERAWATT-HOURS (TWH) OF RENEWABLE ELECTRICITY ANNUALLY. THIS EQUATES TO 49% OF TOTAL ENERGY DEMAND FROM MEMBERS COMING FROM RENEWABLES. WE'RE WORKING WITH SIGNATORIES OF THE UNDER2 COALITION MOU TO SHARE INFORMATION AND EXPERIENCE ON THE REDESIGN OF POWER SUPPLY AND THE GRID; AND TECHNICAL SOLUTIONS AND ADVANCES IN PROMOTING A LARGE-SCALE SWITCH TO RENEWABLE ENERGY. 11 UNDER2 COALITION MEMBERS HAVE PLEDGED TO REACH 100% ZERO-CARBON ELECTRICITY BY 2040.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Ritter Jr Chair & President | OfficerTrustee | 1 | $0 |
Douglas Lawrence Vice President | OfficerTrustee | 1 | $0 |
Gary Doer Director | Trustee | 1 | $0 |
Mary Nichols Director | Trustee | 1 | $0 |
Jeff Gracer Director | Trustee | 1 | $0 |
Ariane DE Vienne Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $213,787 |
| Government grants | $60,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,719,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,992,947 |
| Total Program Service Revenue | $860,458 |
| Investment income | $0 |
| 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 | $4,906,286 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $54,929 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,849,115 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $239,413 |
| Compensation of current officers, directors, key employees. | $86,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,002,743 |
| Pension plan accruals and contributions | $16,605 |
| Other employee benefits | $120,458 |
| Payroll taxes | $116,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $75 |
| Fees for services: Accounting | $24,951 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $176,395 |
| Advertising and promotion | $60,244 |
| Office expenses | $15,270 |
| Information technology | $260,973 |
| Royalties | $0 |
| Occupancy | $36,006 |
| Travel | $86,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,341,905 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,495 |
| Insurance | $14,703 |
| All other expenses | $3,856 |
| Total functional expenses | $5,421,533 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $437,907 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,256 |
| Accounts receivable, net | $471,000 |
| 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 | $277,542 |
| Net Land, buildings, and equipment | $1,667 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,208,372 |
| Accounts payable and accrued expenses | $161,568 |
| Grants payable | $0 |
| Deferred revenue | $902,584 |
| 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 | $462,601 |
| Total liabilities | $1,526,753 |
| Net assets without donor restrictions | -$463,551 |
| Net assets with donor restrictions | $145,170 |
| 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 | $1,208,372 |
Grants Awarded
Over the last fiscal year, Climate Group Inc has awarded $183,823 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
CENTER FOR CLIMATE STRATEGY PURPOSE: Support for Green Recovery Alliance USA project | $110,000 |
SWANITI INITIATIVE PURPOSE: Support for State Climate Fellows USA Program | $73,823 |