C40 Cities Climate Leadership Group Inc
- Assets
- $38.6m
- Revenue
- $47.2m
- Investments
- $0.0
- Employees
- 35
- Location
- New York, NY
- Founding
- 11/2013
- Data as of
- 12/2023
- EIN
- 90-0634376
Organization Overview
C40 Cities Climate Leadership Group Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. As of 12/2023, C40 Cities Climate Leadership Group Inc employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C40 Cities Climate Leadership 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 12/2023, C40 Cities Climate Leadership Group Inc generated $47.2m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $61.4m during the year ending 12/2023. While expenses have increased by 14.8% per year over the past 6 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
C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN A MOVE TO CHAMPION INCLUSIVE GLOBAL LEADERSHIP IN CLIMATE ACTION, IN 2023, THEN C40 CHAIR REQUESTED THAT C40 IMPLEMENT A NEW CO-CHAIR MODEL WHICH REQUIRES THAT ONE MAYOR EACH FROM THE GLOBAL NORTH AND SOUTH SITS AT THE CORE OF C40'S LEADERSHIP. AS THE ELECTED LEADERS OF C40, THE CO-CHAIRS MAYOR OF LONDON AND MAYOR OF FREETOWN PLAY A KEY ROLE IN RAISING THE BAR ON CLIMATE AMBITION AROUND THE WORLD AND ADVOCATING FOR THE ROLE OF CITIES IN ADDRESSING THE CLIMATE CRISIS. C40 CITIES AND MAYORS ARE COMMITTED TO USING AN INCLUSIVE, SCIENCE-BASED AND COLLABORATIVE APPROACH TO CUT THEIR FAIR SHARE OF EMISSIONS IN HALF BY 2030, HELP THE WORLD LIMIT GLOBAL HEATING TO 1.5 DEGREES CELSIUS, AND BUILD HEALTHY, EQUITABLE AND RESILIENT COMMUNITIES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael R Bloomberg President And Director | OfficerTrustee | 0.1 | $0 |
Antha Williams Treasurer And Director | OfficerTrustee | 0.1 | $0 |
Justin Johnson Director (end 9/19/23) | Trustee | 0.1 | $0 |
Jesper Nygard Director | Trustee | 0.1 | $0 |
Bruce Lindsey Secretary And Director | OfficerTrustee | 0.1 | $0 |
Shirley Rodrigues VP And Director | OfficerTrustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Remote Europe Holding Bv Payroll & Employment Services | 12/30/23 | $552,897 |
Org Mun Dial De Ciudades Y Gobiernos Lo Environmental | 12/30/23 | $473,110 |
Viegand Maagoe As Consultancy | 12/30/23 | $259,857 |
Arup International Projects Limited Consultancy, Environmental | 12/30/23 | $426,051 |
Ricardo Aea Ltd Consultancy, Environmental | 12/30/23 | $367,106 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,534,619 |
| All other contributions, gifts, grants, and similar amounts not included above | $38,473,670 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,008,289 |
| Total Program Service Revenue | $86,962 |
| Investment income | $124,948 |
| 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 | $47,220,199 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $513,219 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,870,394 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $610,888 |
| Compensation of current officers, directors, key employees. | $366,533 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $26,066,992 |
| Pension plan accruals and contributions | $863,860 |
| Other employee benefits | $1,449,047 |
| Payroll taxes | $2,849,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $386,874 |
| Fees for services: Accounting | $399,997 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $12,184,205 |
| Advertising and promotion | $0 |
| Office expenses | $543,040 |
| Information technology | $1,086,059 |
| Royalties | $0 |
| Occupancy | $456,481 |
| Travel | $7,699,881 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,251 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $7,985 |
| Insurance | $0 |
| All other expenses | $29,584 |
| Total functional expenses | $61,416,603 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,661,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,715,708 |
| 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 | $1,187,288 |
| Net Land, buildings, and equipment | $7,430 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $38,571,730 |
| Accounts payable and accrued expenses | $4,917,133 |
| 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 | $0 |
| Total liabilities | $4,917,133 |
| Net assets without donor restrictions | $3,744,438 |
| Net assets with donor restrictions | $29,910,159 |
| 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 | $38,571,730 |
Grants Awarded
Over the last fiscal year, C40 Cities Climate Leadership Group Inc has awarded $513,219 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKY MOUNTAIN INSTITUTE PURPOSE: TO IDENTIFY AND SHORTLIST TWO KEY ROUTES FOR ELECTRIFICATION OF ZERO EMISSION FREIGHT VEHICLES (ZEFVS) | $175,000 |
UNIVERSITY OF MARYLAND COLLEGE PARK PURPOSE: SUPPORT AND COLLABORATING WITH SCALE PARTNERS | $120,000 |
WORLD RESOURCES INSTITUTE PURPOSE: SUPPORT AND COLLABORATING WITH SCALE PARTNERS | $218,219 |