The Climate Initiative
- Assets
- $5.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 39
- Location
- Cape Porpoise, ME
- Founding
- Data as of
- 12/2023
- EIN
- 84-4244790
Organization Overview
The Climate Initiative is located in Cape Porpoise, ME. According to its NTEE Classification (N12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Recreation & Sports and related organizations. As of 12/2023, Climate Initiative employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climate Initiative 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 12/2023, Climate Initiative generated $2.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. While expenses have increased by 22.6% per year over the past 4 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
EMPOWER YOUTH VOICES FOR CLIMATE ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CLIMATE INITIATIVE OFFERS NO COST LEARNING LABS THROUGH EDUCATORS ACROSS THE US, INTERACTIVE LEARNING TOOLS FOR BOTH STUDENTS AND TEACHERS. WORK TO BUILD ACTIVE HIGH SCHOOL, COLLEGE AND ADULT ALLY AMBASSADORS ACROSS THE GLOBE TO TAKE NON-PARTISAN CLIMATE ACTION. THESE CLUBS AND COALITIONS FOCUS ON SOLUTIONS AND SCIENTIFICALLY-BASED APPROACHES TO HELP SOLVE THE CLIMATE CRISIS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Bradbury Chair | OfficerTrustee | 5 | $0 |
Billy Shore Vice Chair | OfficerTrustee | 2 | $0 |
Amy Tchao Secretary | OfficerTrustee | 2 | $0 |
Monica Hanover Treasurer | OfficerTrustee | 0.5 | $0 |
Harold Brooks Director | Trustee | 0.5 | $0 |
Dr Pam Morgan Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kikim Media Education Video | 12/30/20 | $400,000 |
Mckinsey & Co Strat Planning | 12/30/20 | $200,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $13,703 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,776,813 |
| Noncash contributions included in lines 1a–1f | $48,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,790,516 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $57,083 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,852,103 |
| 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. | $185,681 |
| Compensation of current officers, directors, key employees. | $46,420 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,154,781 |
| Pension plan accruals and contributions | $30,309 |
| Other employee benefits | $42,396 |
| Payroll taxes | $104,229 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,273 |
| Fees for services: Accounting | $59,140 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,003 |
| Advertising and promotion | $179,534 |
| Office expenses | $76,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,445 |
| Travel | $201,558 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $15,170 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $10,653 |
| Insurance | $8,851 |
| All other expenses | $651 |
| Total functional expenses | $2,538,577 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $226,349 |
| Savings and temporary cash investments | $16,035 |
| Pledges and grants receivable | $440,000 |
| Accounts receivable, net | $2,282 |
| 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 | $18,463 |
| Net Land, buildings, and equipment | $1,359,014 |
| Investments—publicly traded securities | $2,400,622 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $554,477 |
| Total assets | $5,017,242 |
| Accounts payable and accrued expenses | $40,242 |
| Grants payable | $0 |
| Deferred revenue | $384,985 |
| 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 | $0 |
| Total liabilities | $425,227 |
| Net assets without donor restrictions | $3,870,899 |
| Net assets with donor restrictions | $721,116 |
| 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 | $5,017,242 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Climate Initiative Cape Porpoise, ME | $5,017,242 | $2,852,103 |
Samuel P Hunt Foundation Manchester, NH | $11,978,730 | $47,588 |
United Sports Foundation Inc Epping, NH | $336,081 | $346,921 |
Sanford Red And White Foundation Springvale, ME | $67,539 | $0 |
Kyle Bedinger Memorial Trust Inc Nashua, NH | $18,074 | $23,667 |
Oly Womens Xc Book Project Gorham, NH | $14,043 | $22,333 |
Friends Of Lebanon Recreation & Parks Lebanon, NH | $67,981 | $0 |
Merrimack High School Girls Lacrosse Booster Club Merrimack, NH | $1,941 | $0 |
New England Disabled Sports Foundation Lincoln, NH | $2,010,365 | $79,379 |
Friends Of Cats Hockey Plymouth, NH | $45,800 | $0 |