2021-09-16T07:14:15-05:00 2020-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2020-01-01 270566795 Verra VERR 2024802282 One Thomas Circle NW No 1050 Washington DC 200055817 William M Ferretti COO and CFO 2024802282 2021-09-15 1 William Ferretti XXX-XX-XXXX Lori A Collingsworth P00639819 7038930300 2021-09-15 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z David Antonioli One Thomas Circle NW No 1050 Washington DC 200055817 20811487 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. 13 13 44 0 0 0 2042131 1736811 11813533 19038639 62651 36037 0 0 13918315 20811487 727598 766979 0 0 3536054 5028606 0 0 0 2621286 4024915 6884938 9820500 7033377 10990987 14059126 26985298 1465480 3400665 12593646 23584633 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 3713966 17141696 VCS Program: The world's most widely used Greenhouse Gas (GHG) 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. 1133398 570017 Landscale Initiative: LandScale (LS) is a collaborative initiative led by the Climate, Community and Biodiversity Alliance, the Rainforest Alliance and Verra. The LS is an emerging tool to help drive landscape-scale sustainability. It will provide measurable indicators of the state and trajectory of sustainability at the landscape level across environmental, social, and economic dimensions. This landscape level application sets the LS apart from other sustainability standards, complementing sustainability efforts that target individual production sites, activities or sectors. 611591 Innovations: Developing new methodologies, tools, program updates and other innovations to enable the VCS and other Verra programs meet emerging needs and opportunities. 518621 196962 3RI Initiative: Verra, BVRio, Danone, Veolia, Nestl, Tetra Pak, Conservation International, South Pole, Natural Capital Partners and SYSTEMIQ have 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. The Initiative will accomplish this by developing, applying and promoting standards for project-scale accounting of plastic waste, and an innovative plastic crediting mechanism that will increase the value of plastic waste, and catalyze socially-responsible waste recovery and recycling efforts around the world. 51906 Initiative for Climate Action Transparency (ICAT): Currently in development, ICAT will provide policymakers around the world with tools and support to measure and assess the impacts of their climate actions. Working initially with 20 developing countries, ICAT aims to help governments build capacity to measure the effects of their policies and report progress publicly. This will foster greater transparency, effectiveness, trust and ambition in climate policies worldwide. The initiative will improve the availability and quality of data and enable countries to promote efficient, cost-effective policies. ICAT will also provide a platform for countries to share lessons learned and build mutual confidence in their climate actions. 39923 1844988 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. 26813 51955 SDVISta Program: The Sustainable Development Verified Impact Standard (SD VISta) is a flexible 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. 788 California Offset Project Registry Program: The VCS-California Offset Project Registry supports the State of California's pioneering emissions trading program. VCS has been approved by the California Air Resources Board to operate an Offset Project Registry which facilitates the listing, reporting, and verification of offset projects developed under the regulations of the State's emissions trading program. 638051 196962 1896943 6097006 1 1 0 0 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 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 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 One Thomas Circle NW No 1050 Washington DC 200055817 Ken Markowitz Chair 4.00 X X 0 0 0 Tao Yun Vice-Chair 2.00 X X 0 0 0 John Drexhage Board Member 1.00 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 Anne-Marie Warris Board Member 1.00 X 0 0 0 Mark Kenber Board Member 1.00 X 0 0 0 Mandy Rambharos Board Member 1.00 X 0 0 0 Kelley Kizzier Board Member 1.00 X 0 0 0 Charlotte Streck 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 David Antonioli Chief Executive Officer 40.00 X 337593 0 45857 William Ferretti Chief Operating & Financial Officer 40.00 X 255595 0 34777 Toby Janson-Smith Chief Innovation Officer 40.00 X 228941 0 41121 Naomi Swickard Chief Program Officer 40.00 X 202097 0 28446 Cheryl Masella Director of Finance 40.00 X 131453 0 35108 Julie Baroody Director, Standards Development 40.00 X 129894 0 33041 Sarah Lupberger Manager, Sustainable Landscapes 40.00 X 109729 0 5995 Sinclair Vincent Director Sustainable Dev. Programs 40.00 X 109141 0 10253 Anne Thiel Senior Manager, Communications 40.00 X 100309 0 15158 1604752 0 249756 9 0 1 0 APX Environmental Markets PO Box 5481 New York NY 100875481 Design and maintain in-house registry da 705649 Globalization Partners 265 Franklin St Ste 1702 Boston MA 02110 Professional services 657619 HBW Construction 1055 First St Suite 200 Rockville MD 20850 Leasehold improvements build out 361241 Climate Focus 1730 Rhode Island Avenue NW Ste 60 Washington DC 20036 Methodology compensation 240389 Rainforest Alliance 233 Broadway 28th Floor New York NY 10279 Subcontract 233751 13 1097918 638893 1736811 VCS and CCB levies 900099 17673476 17673476 VVB annual fees 900099 965363 965363 Verification and Validation fees 900099 392300 392300 Other program income 900099 7500 7500 19038639 36037 36037 20811487 19038639 0 36037 X 196459 196459 570520 570520 1174427 629461 544966 3126274 1675595 1450679 123507 79955 43552 326401 180631 145770 277997 179586 98411 178768 125807 52961 22825 22825 2389226 2320007 69219 344988 8868 336120 221391 72450 148941 277413 42822 234591 17910 12259 5651 145390 2586 142804 176778 176778 59948 59948 Bad debt 134743 134743 Membership dues 55535 55535 9820500 6097006 3723494 0 1172965 2796650 8653694 21962063 468226 277177 3414097 902630 168602 338474 917290 339452 57377 577838 124165 130466 14059126 26985298 1150105 2285959 136833 248714 0 559500 178542 306492 1465480 3400665 X 12593646 23584633 12593646 23584633 14059126 26985298 10990987 0 X X 0 1 X 1 0 X 1290699 1581157 1637655 2042131 1736811 8288453 2289405 4842729 5334009 11813533 19038639 43318315 2445 2235 4680 3582549 6426121 6971664 13855664 20775450 51611448 34978 34978 529195 2044216 2195259 4517068 2178169 11463907 564173 2044216 2195259 4517068 2178169 11498885 40112563 1590 2488 6218 62651 36037 108984 1590 2488 6218 62651 36037 108984 3584139 6428609 6977882 13918315 20811487 51720432 0.77560 0.70110 0.00210 0.00220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 671269 159171 512098 154984 89244 65740 91037 91037 0 577838 Deferred compensation liabilities 130466 Deferred rent 176026 306492 X 20811487 0 20811487 0 20811487 9820500 0 9820500 0 9820500 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 (Including Iceland & Greenland) 0 1 Program Services REDD+ & AFOLU 178624 North America 0 3 Program Services VCS, SDVISta, CCB, AFOLU 325503 South America 0 3 Program Services Working on REDD and REDD+ 270822 Sub-Saharan Africa 0 1 Program Services Policy and Markets in South Africa 22229 Central America and the Caribbean 0 0 Grants to recipients in the region 181879 Europe (Including Iceland & Greenland) 0 0 Grants to recipients in the region 279813 Sub-Saharan Africa 0 0 Grants to recipients in the region 108828 0 8 0 0 0 8 1367698 0 1367698 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 108828 Wire N/A N/A Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 127801 Wire N/A N/A Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 67839 Wire N/A N/A Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 54078 Wire N/A N/A Europe (Including Iceland & Greenland) - Albania, Andorra, Austria, Belgium 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. 196962 Wire N/A N/A Europe (Including Iceland & Greenland) Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 15012 Wire N/A N/A 0 6 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 used for books. Part III Accounting Method: 1 Rainforest Alliance 233 Broadway 28th Floor New York NY 10279 133377893 501(c)(3) 196459 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 311766 0 25827 0 0 0 19325 0 26532 0 383450 0 0 0 William Ferretti Chief Operating & Financial Officer 217274 0 38321 0 0 0 13505 0 21272 0 290372 0 0 0 Toby Janson-Smith Chief Innovation Officer 212942 0 15999 0 0 0 12601 0 28520 0 270062 0 0 0 Naomi Swickard Chief Program Officer 188059 0 14038 0 0 0 11717 0 16729 0 230543 0 0 0 Cheryl Masella Director of Finance 107063 0 24390 0 0 0 5633 0 29475 0 166561 0 0 0 Julie Baroody Director, Standards Development 106500 0 23394 0 0 0 6509 0 26532 0 162935 0 0 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 Conflict of Interest policy was reviewed and signed by Board Members at the Organization's Board Meeting in February of 2018. It was distributed electronically to any board members that were unable to attend. 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 960,645. Management and general expenses 0. Fundraising expenses 0. Total expenses 960,645. Methodology Developers: Program service expenses 861,863. Management and general expenses 0. Fundraising expenses 0. Total expenses 861,863. Other Contractors and Consultants: Program service expenses 497,499. Management and general expenses 69,219. Fundraising expenses 0. Total expenses 566,718. 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 SZ Verified Carbon Standard 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 is in the process of being dissolved.