2023-10-02T06:32:49-05:00 2022-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2022-01-01 270566795 Verra VERR 2024802282 One Thomas Circle NW 1050 Washington DC 200055817 William M Ferretti COO and CFO 2024802282 2023-10-02 1 William Ferretti XXX-XX-XXXX 1 Lori A Collingsworth P00639819 7038930300 2023-09-29 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Judith Simon One Thomas Circle NW 1050 Washington DC 200055817 32424636 0 X https://verra.org/ X 2009 DC Verra develops and manages standards that help countries, the private sector and civil society achieve their sustainable development and climate action goals. 10 10 72 0 0 0 1522332 492748 38956641 31441144 26486 490350 0 0 40505459 32424242 564490 167823 0 0 8413161 13343901 0 0 0 8612113 12745365 17589764 26257089 22915695 6167153 50492463 57769889 3992135 5102408 46500328 52667481 X Verra develops and manages standards that help countries, the private sector and civil society achieve their sustainable development and climate action goals. 0 0 9721585 27956616 VCS 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. 6832850 Innovations: Developing new methodologies, tools, program updates and other innovations to enable the VCS and other Verra programs meet emerging needs and opportunities. 458367 31120 Plastics Waste Reduction Program: The Plastic Waste Reduction Program (Plastic Program) provides the means for consistent accounting, independent auditing and crediting of new or scaled-up waste collection and recycling projects. 454592 167823 Landscale Standard: LandScale (LS) is a collaborative initiative led by the Climate, Community and Biodiversity Alliance, the Rainforest Alliance and Verra. It will provide measurable indicators of the state and trajectory of sustainability at the landscape level across environmental, social, and economic dimensions. 306959 2800908 CCB Program: The Climate Community and Biodiversity (CCB) Standards program certifies projects that simultaneously address climate change, support local communities and smallholders, and conserve biodiversity. The CCB Standards are often used in conjunction with VCS Program-certified land management projects, including reforestation, afforestation, vegetation, forest restoration, agroforestry and sustainable agriculture projects. 270785 652500 SDVISta Program: The Sustainable Development Verified Impact Standard (SD VISta) is a framework for assessing and reporting on the sustainable development benefits of project-based activities, helping unlock new sources of finance to support and scale up high-impact efforts. 23390 3RI Initiative: Verra, BVRio, Danone, Veolia, Nestle, Tetra Pak, Conservation International, South Pole, Natural Capital Partners and SYSTEMIQ established the 3R Initiative to catalyze the responsible design, use and recovery of plastic materials and to support companies in directly reducing their plastic waste footprints and mitigating potential leakage into the environment. California Offset Project Registry Program: The VCS-California Offset Project Registry (OPR) supports the State of California's emissions trading program. The OPR facilitates the listing, reporting, and verification of offset projects developed under the regulations of the State's emissions trading program. 1055726 167823 3453408 18068528 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 0 1 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 1 38 0 1 72 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X Cheryl Masella Director of Finance 2024802282 1 Thomas Circle NW Suite 1050 Washington DC 200055817 Tao Yun Chair 4.00 X X 0 0 0 Anne-Marie Warris Vice-Chair 2.00 X X 0 0 0 Marc Stuart Board Member 1.00 X 0 0 0 Dirk Forrister Board Member 1.00 X 0 0 0 Mark Kenber Board Member 1.00 X 0 0 0 Ken Markowitz Board Member 1.00 X 0 0 0 Ken Newcombe Board Member 1.00 X 0 0 0 Andrea Garcia Guerrero Board Member 1.00 X 0 0 0 Jim Cannon Board Member 1.00 X 0 0 0 Kelley Kizzier Board Member 1.00 X 0 0 0 David Antonioli Chief Executive Officer 40.00 X 376365 0 52600 William Ferretti Chief Operating & Financial Officer 40.00 X 270735 0 41544 Toby Janson-Smith Chief Innovation Officer 40.00 X 271841 0 48903 Robin Rix Chief Legal Officer 40.00 X 235913 0 17201 Jerry Seager Acting Chief Program Officer 40.00 X 226837 0 21086 Benktesh Sharma Sr Director, Technology Solutions 40.00 X 191959 0 31963 Julianne J Baroody Sr Dir, Forest Carbon Innovation 40.00 X 188415 0 24544 Cheryl Masella Director of Finance 40.00 X 156305 0 36209 Sinclair T Vincent Dir of Sustainable Dev Innovation 40.00 X 137994 0 14087 Breffni J Lynch Director of the Verra Registry 40.00 X 137968 0 31232 2194332 0 319369 11 0 1 0 Globalization Partners 265 Franklin St Ste 1702 Boston MA 02110 Professional Employment Services 6479791 APX Environmental Markets PO Box 5481 New York NY 100875481 Design and maintain In-house Registry da 2235991 Climate Focus 1701 Rhode Island Ave NW Washington DC 20036 Methodology Development Compensation 979811 Spencer Stuart 799 9th St NW Ste 350 Washington DC 20001 Organizational Structure and Leadership 560000 Holman-Fenwick-Willan 10 Collyer Quay 18-01 Ocean Finan Singapore SN 49315 Legal Services 515527 22 492748 492748 VCS, CCB, and SDVista levies 900099 27655005 27655005 Project registration fees 900099 3023519 3023519 Ver., Val., & Acct. opening fees 900099 661000 661000 VVB annual fees 900099 75000 75000 Other program income 900099 26620 26620 31441144 490364 490364 380 394 -14 -14 -14 32424242 31441144 0 490350 X 84066 84066 83757 83757 1563025 835317 727708 9086965 4885926 4201039 471009 271691 199318 1759000 1009812 749188 463902 265183 198719 990925 6040 984885 16489 16489 6238095 4959462 1278633 2204039 7196 2196843 355156 229450 125706 252158 252158 921415 159061 762354 690358 15886 674472 267998 267998 150858 150858 Bad debt 481901 481901 Subscriptions & dues 175973 4031 171942 Overhead allocation 0 5251650 -5251650 26257089 18068528 8188561 0 1972523 651626 45597825 52761284 579200 776933 2203476 836476 1146673 1296083 822179 582579 473904 146927 532926 50492463 57769889 3705083 4498371 4816 0 282236 604037 3992135 5102408 X 46500328 52667481 46500328 52667481 50492463 57769889 6167153 0 X X 0 1 X 1 0 X 1637655 2042131 1736811 1522332 492748 7431677 5334009 11813533 19038639 38956641 31441144 106583966 6971664 13855664 20775450 40478973 31933892 114015643 0 2195259 4517068 2178169 9841133 8605763 27337392 2195259 4517068 2178169 9841133 8605763 27337392 86678251 6218 62651 36037 26486 490364 621756 6218 62651 36037 26486 490364 621756 6977882 13918315 20811487 40505459 32424256 114637399 0.75610 0.76410 0.00540 0.00150 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 26257089 26257089 1000000 250000 0 0 1000000 1000000 2000000 3000000 250000 250000 500000 750000 Schedule C, Part II-A A 501(h) election was filed during 2021 to be effective beginning with the 2021 tax year. Verra had no lobbying activities for tax years 2021 and 2022. 688986 459556 229430 461005 243009 217996 146092 119614 26478 473904 Lease liability operating lease 477740 Deferred compensation liabilities 126297 604037 X 32424242 0 32424242 0 32424242 26257089 0 26257089 0 26257089 Part X, Line 2: Management has evaluated Verra's tax positions and concluded that the Organization's consolidated financial statements do not include any uncertain tax positions. 1 Europe 0 10 Program services VCS, SDVISta, CCB, AFOLU 1432126 North America 0 12 Program services VCS, SDVISta, CCB, AFOLU 1883725 Sub-Saharan Africa 0 7 Program services Policy and Markets in South Africa and Uganda 816483 South America 0 13 Program services REDD+ & REDD+, Policy and Markets 1506983 East Asia and the Pacific 0 2 Program services VCS, SDVISta, CCB, AFOLU 169497 South Asia 0 6 Program services VCS, SDVISta, CCB, AFOLU 519719 Central America and the Carribean 0 2 Program services VCS, SDVISta, CCB, AFOLU 151258 Central America and the Caribbean 0 0 Grants to recipients in the region 55021 Europe (Including Iceland & Greenland) 0 0 Grants to recipients in the region 14449 Sub-Saharan Africa 0 0 Grants to recipients in the region 14287 0 52 0 0 0 52 6534812 28736 6563548 Sub-Saharan Africa Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 14287 Wire 0 N/A N/A Central America and the Caribbean Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 42972 Wire 0 N/A N/A Europe (Including Iceland & Greenland) Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 14449 Wire 0 N/A N/A Central America and the Caribbean Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 12049 Wire 0 N/A N/A 0 4 0 0 0 0 0 0 Part I, Line 2: VERRA collects all receipts from the sub grantees for expenses reported. An audit is required at the end of the grant and several trainings have taken place to ensure proper accounting and documentation of grant expenses. Part I, line 3: Foreign expenditures are directly tracked and accounted for on the accrual method of accounting. Part III Accounting Method: 1 Rainforest Alliance 233 Broadway 28th Floor New York NY 10279 133377893 501(c)(3) 84066 0 N/A N/A Develop Pilots in the Landscale project 1 0 Part I, Line 2: The grantee provides receipts to document their expenses. Program activities and milestones are monitored by the VERRA program staff to ensure that expenses charged match the work performed. X X 0 0 0 0 0 0 0 0 0 David Antonioli Chief Executive Officer 337213 0 39152 0 0 0 19576 0 33024 0 428965 0 0 0 Toby Janson-Smith Chief Innovation Officer 244561 0 27280 0 0 0 13640 0 35263 0 320744 0 0 0 William Ferretti Chief Operating & Financial Officer 243094 0 27641 0 0 0 13821 0 27723 0 312279 0 0 0 Robin Rix Chief Legal Officer 213536 0 22377 0 0 0 10632 0 6569 0 253114 0 0 0 Jerry Seager Acting Chief Program Officer 203700 0 23137 0 0 0 8021 0 13065 0 247923 0 0 0 Benktesh Sharma Sr Director, Technology Solutions 176490 0 15469 0 0 0 6188 0 25775 0 223922 0 0 0 Julianne J Baroody Sr Dir, Forest Carbon Innovation 169373 0 19042 0 0 0 7617 0 16927 0 212959 0 0 0 Cheryl Masella Director of Finance 137732 0 18573 0 0 0 6191 0 30018 0 192514 0 0 0 Breffni J Lynch Director of the Verra Registry 122039 0 15929 0 0 0 6371 0 24861 0 169200 0 0 0 Sinclair T Vincent Dir of Sustainable Dev Innovation 122134 0 15860 0 0 0 6344 0 7743 0 152081 0 0 0 Climate Focus North America Inc 35% controlled entity of Former Board Member Charlotte Streck 224200 Program Service activities- Review methodologies services provided 0 Climate Focus BV 35% controlled entity of Former Board Member Charlotte Streck 15000 Program Service activities- Review methodologies services provided 0 Form 990, Part VI, Section B, line 11b Form 990 is prepared by an outside CPA firm, which is reviewed in detail by CEO. Then a copy of Form 990 is electronically provided to the entire Board prior to signing and filing with the IRS. Form 990, Part VI, Section B, line 12c The Board acknowledges the conflict of interest policy at its annual meeting. All employees sign a conflict of interest form annually. Form 990, Part VI, Section B, line 15 The salary and bonus for the CEO is determined by the Board. The general frame for other officers or key employee salary adjustments, bonuses and any changes in fringe benefits are decided by the Board upon proposals by the CEO. The CEO is responsible for final decisions regarding all individual salary levels, salary adjustments and bonus allocations. Form 990, Part VI, Section C, line 19 The Organization's governing documents and financial statements are available to the public upon request. Form 990, Part IX, line 11g Registry Developers: Program service expenses 2,019,384. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,019,384. Methodology Developers: Program service expenses 1,133,728. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,133,728. Other Contractors and Consultants: Program service expenses 1,806,350. Management and general expenses 1,278,633. Fundraising expenses 0. Total expenses 3,084,983. Form 990, Part XII, Line 2c: The Organization's Finance & Audit Committee is responsible for the oversight of the audit. The Finance & Audit Committee recommends an independent accountant to conduct the audit and the Board approves. The process is consistent with previous years. Voluntary Carbon Standard Association 24 Rue Merle dAubigne Geneva SZ Dormant- dissolved January 2022 SZ Verra 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Schedule R, Part II, Columns (d) and (e) Voluntary Carbon Standard Association-Switzerland is registered under Article 56g of the Swiss Civil Code. The Association is dormant and was dissolved in January 2022.