Climate Action Reserve is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 06/2022, Climate Action Reserve employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climate Action Reserve 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 06/2022, Climate Action Reserve generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 6.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP, PROMOTE & SUPPORT INNOVATIVE, CREDIBLE MARKET-BASED CLIMATE CHANGE SOLUTIONS (SCH O) THAT BENEFIT ECONOMIES, ECOSYSTEMS AND SOCIETY. THE CLIMATE ACTION RESERVE WAS APPROVED BY THE CALIFORNIA AIR RESOURCES BOARD (ARB) IN 2012 TO SERVE AS AN OFFSET PROJECT REGISTRY IN ACCORDANCE WITH THE REGULATIONS IMPLEMENTING THE CALIFORNIA CAP-AND-TRADE PROGRAM. THE RESERVE HAS HAD MANY OF THE OFFSET PROJECTS IN ITS SYSTEM RECOGNIZED BY THE ARB FOR REWARDING EARLY ACTIONS TO REDUCE GREENHOUSE GAS EMISSIONS. FOUR RESERVE OFFSET PROTOCOLS HAVE BEEN ADOPTED AND TWO OTHERS ADAPTED BY ARB FOR USE IN THE COMPLIANCE OFFSET SYSTEM UNDER THE CAP-AND-TRADE PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLIMATE ACTION RESERVE IS THE MOST TRUSTED, EFFICIENT, AND EXPERIENCED OFFSET REGISTRY FOR GLOBAL CARBON MARKETS. A PIONEER IN CARBON ACCOUNTING, THE RESERVE PROMOTES AND FOSTERS THE REDUCTION OF GREENHOUSE GAS (GHG) EMISSIONS THROUGH CREDIBLE MARKET-BASED POLICIES AND SOLUTIONS. AS A HIGH QUALITY OFFSET REGISTRY FOR VOLUNTARY CARBON MARKETS, IT ESTABLISHES RIGOROUS STANDARDS AND ISSUES CARBON CREDITS UNDER THOSE STANDARDS. THE RESERVE ALSO SUPPORTS COMPLIANCE CARBON MARKETS AND SERVES AS AN APPROVED OFFSET PROJECT REGISTRY FOR THE STATE OF CALIFORNIA'S CAP-AND-TRADE PROGRAM. THE RESERVE IS AN ENVIRONMENTAL NONPROFIT ORGANIZATION HEADQUARTERED IN LOS ANGELES, CALIFORNIA WITH SATELLITE OFFICES AROUND THE WORLD. FOR MORE INFORMATION, PLEASE VISIT WWW.CLIMATEACTIONRESERVE.ORG.
THE NORTH AMERICAN CARBON WORLD (NACW) CONFERENCE REPRESENTS THE LARGEST NORTH AMERICAN EVENT ADDRESSING THE MOST PRESSING ISSUES IN CLIMATE POLICY AND CARBON PRICING AND FEATURES COMPREHENSIVE AND UP-TO-DATE INFORMATION, KEY THOUGHT LEADERS ADVANCING INNOVATIVE CLIMATE SOLUTIONS, AND THE BEST NETWORKING OPPORTUNITIES WITH COLLEAGUES IN THE BUSINESS, GOVERNMENT, NONPROFIT, AND ACADEMIC SECTORS. NACW 2022 EXPLORED SUBNATIONAL AND INTERNATIONAL CLIMATE POLICY, CARBON PRICING, CLIMATE FINANCE, LCFS AND ROBUST CLIMATE SOLUTIONS. FOR ALL OF THESE REASONS AND MORE, NACW HAS LONG BEEN CONSIDERED THE MUST-ATTEND EVENT OF THE YEAR FOR CLIMATE POLICY AND CARBON PRICING.
IN FY2022 THE RESERVE CONTINUED TO ENGAGE IN INTERNATIONAL INITIATIVES, INCLUDING THE DEVELOPMENT OF INTERNATIONAL EMISSIONS REDUCTION STANDARDS, COLLABORATING WITH PARTNERS AND SERVING AS AN EXPERT CONSULTANT FOR GOVERNMENTS AND OTHERS. IN FY2022 THE RESERVE CONTINUED TO ACCEPT FORESTRY PROJECTS IN RURAL MEXICO TO GROW ITS MEXICO FOREST PROJECT PROTOCOL, INCLUDING THE DEVELOPMENT OF ITS VERIFICATION PROGRAM AND TRAINING VERIFIERS. THE RESERVE ALSO CONTINUED TO ACCEPT PROJECTS UNDER RELEVANT OFFSET PROTOCOLS IN CANADA.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Craig Ebert President | Officer | 40 | $206,488 |
Jennifer Weiss VP Of Communications | 40 | $125,682 | |
Ramon Lee Controller | Officer | 40 | $101,511 |
Linda Adams Board Chair | OfficerTrustee | 1 | $0 |
Peter M Miller Board Secretary | OfficerTrustee | 1 | $0 |
Jeffrey Kightlinger Board Treasurer | OfficerTrustee | 1 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Dogwood Springs Forestry Direct Services Contractor (Forestry) | 6/29/20 | $119,985 |
The Climate Registry (Tcr) Annual Cop: 25 Sharing Partner | 6/29/20 | $105,389 |
Dogwood Springs Forestry Direct Services Contractor (Forestry) | 6/29/20 | $119,985 |
The Climate Registry (Tcr) Annual Cop: 25 Sharing Partner | 6/29/20 | $105,389 |
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 | $123,597 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $123,597 |
Total Program Service Revenue | $4,406,500 |
Investment income | $662 |
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 | $4,530,759 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $412,753 |
Compensation of current officers, directors, key employees. | $228,450 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,433,870 |
Pension plan accruals and contributions | $38,971 |
Other employee benefits | $198,192 |
Payroll taxes | $142,593 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $41,687 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $368,048 |
Advertising and promotion | $5,301 |
Office expenses | $77,751 |
Information technology | $101,417 |
Royalties | $0 |
Occupancy | $230,438 |
Travel | $371,925 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $11,463 |
Insurance | $67,810 |
All other expenses | $59,506 |
Total functional expenses | $4,792,101 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,167,224 |
Savings and temporary cash investments | $661,036 |
Pledges and grants receivable | $39,500 |
Accounts receivable, net | $514,922 |
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 | $100,548 |
Net Land, buildings, and equipment | $23,232 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $5,065,542 |
Total assets | $8,572,004 |
Accounts payable and accrued expenses | $272,617 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $5,054,317 |
Total liabilities | $5,326,934 |
Net assets without donor restrictions | $3,245,070 |
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 | $8,572,004 |
Over the last fiscal year, we have identified 6 grants that Climate Action Reserve has recieved totaling $420,105.
Awarding Organization | Amount |
---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR SUPPORTING SUB-NATIONAL DELEGATION AT COP 26 | $150,000 |
United States Energy Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE. | $135,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR SUPPORTING SUB-NATIONAL DELEGATION AT COP 26 | $100,000 |
United Nations Foundation Inc Washington, DC PURPOSE: UN STRNGTHNG | $24,999 |
Edison Electric Institute Washington, DC PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $10,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $106 |
Organization Name | Assets | Revenue |
---|---|---|
Energy Coalition Irvine, CA | $17,114,410 | $15,434,629 |
Solutions Project Inc Oakland, CA | $43,392,918 | $7,109,557 |
Energy Action Fund San Francisco, CA | $13,042,856 | $15,440,948 |
Californias For Energy Independence San Rafael, CA | $5,056,304 | $11,791,038 |
Calcef Innovations Oakland, CA | $15,783,035 | $8,813,623 |
Global Alliance For Incinerator Alternatives Berkeley, CA | $3,935,588 | $4,680,505 |
Climate Action Reserve Los Angeles, CA | $8,572,004 | $4,530,759 |
Green Building Initiative Inc Portland, OR | $9,419,082 | $7,219,837 |
Western Climate Initiative Inc Sacramento, CA | $14,036,664 | $9,896,538 |
Gridlab Inc Berkeley, CA | $780,147 | $2,004,474 |
California Solar Energy Industries Association Sacramento, CA | $1,192,510 | $3,375,125 |
California Power Exchange Corporation Woodland Hills, CA | $0 | $3,355,148 |