2021-04-26T20:52:33-05:00 2020-06-30 946214841 ARMANINO LLP 11766 WILSHIRE BLVD NINTH FL LOS ANGELES CA 90025 990 2019-07-01 680477330 CLIMATE ACTION RESERVE CLIM 2138911444 818 WEST 7TH STREET NO 710 LOS ANGELES CA 90017 CRAIG EBERT PRESIDENT 2138911444 2021-04-22 1 KATY BROWN P00650274 3104784148 2019 2022-09-23 18:48:47Z CRAIG EBERT 818 WEST 7TH STREET NO 710 LOS ANGELES CA 90017 5029344 0 X WWW.CLIMATEACTIONRESERVE.ORG X 2001 CA 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. 12 12 23 15 0 0 212786 140963 3563849 4884122 7044 4259 3079 0 3786758 5029344 0 0 0 0 2403471 2130529 0 0 20633 1940888 1805734 4344359 3936263 -557601 1093081 3870030 5497325 2101113 2635327 1768917 2861998 X TO DEVELOP, PROMOTE AND SUPPORT INNOVATIVE, CREDIBLE MARKET-BASED CLIMATE CHANGE SOLUTIONS 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 (SEE SCH O) 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. 0 0 2471152 4327602 THE CLIMATE ACTION RESERVE IS AN INTERNATIONAL CARBON OFFSETS PROGRAM FOCUSED ON ENSURING ENVIRONMENTAL INTEGRITY OF GHG EMISSIONS REDUCTIONS PROJECTS TO CREATE AND SUPPORT FINANCIAL AND ENVIRONMENTAL VALUE IN THE NORTH AMERICAN VOLUNTARY CARBON MARKET, THE CALIFORNIA CAP-AND-TRADE PROGRAM, AND INTERNATIONAL CAP-AND-TRADE PROGRAMS. IT DOES THIS BY ESTABLISHING HIGH-QUALITY STANDARDS FOR QUANTIFYING AND VERIFYING GHG EMISSIONS REDUCTIONS PROJECTS, OVERSEEING INDEPENDENT THIRD-PARTY VERIFICATION BODIES, AND ISSUING CARBON CREDITS GENERATED FROM SUCH PROJECTS AND TRACKING THE CREDITS OVER TIME IN A TRANSPARENT, PUBLICLY ACCESSIBLE SYSTEM. THESE STANDARDS NOT ONLY ENSURE THE ENVIRONMENTAL INTEGRITY OF USING OFFSETS, BUT THEY ALSO BRING CREDIBILITY AND EFFICIENCIES TO THE CARBON MARKET BY CREATING A TRUSTED SOURCE FOR IDENTIFYING HIGH-QUALITY CARBON OFFSETS. 220271 353250 THE CLIMATE ACTION RESERVE IS ALSO ACTIVE IN THE DEVELOPMENT OF CLIMATE CHANGE POLICY. AS A NON-PARTISAN ORGANIZATION, THE CLIMATE ACTION RESERVE WORKS TO BRING TOGETHER THOUGHT LEADERS ON CLIMATE CHANGE, INCLUDING POLICYMAKERS, BUSINESSES, ACADEMICS AND A VARIETY OF NGOS TO ADVOCATE FOR GLOBALLY STANDARDIZED GREENHOUSE GAS REPORTING AND MEASUREMENT STANDARDS. IN 2019 THE CLIMATE ACTION RESERVE SUCCESSFULLY HOSTED THE 17TH ANNUAL NORTH AMERICAN CARBON WORLD CONFERENCE IN LOS ANGELES. OVER 500 CLIMATE PROFESSIONALS GATHERED FOR INFORMATION, DISCUSSION AND NETWORKING TO ADVANCE MARKET-BASED SOLUTIONS TO CLIMATE CHANGE. THE CLIMATE ACTION RESERVE ALSO HOSTED SEVERAL PANEL DISCUSSIONS AT COP25 IN MADRID, SPAIN THAT ALLOWED THE INTERNATIONAL CLIMATE COMMUNITY TO GAIN A DEEPER UNDERSTANDING OF KEY CLIMATE CHANGE CHALLENGES. DUE TO COVID, NACW 2020 WAS CANCELLED. 202656 203270 IN FY2020 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 FY2020 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 DEVELOPED ADDITIONAL PROTOCOLS FOR MEXICO FOR THE PARTNERSHIP FOR MARKET READINESS, A PROGRAM OF THE WORLD BANK. THE RESERVE ALSO CONTINUED EXPANSION INTO CANADA, FINALIZING THE DEVELOPMENT OF A GRASSLAND PROJECT PROTOCOL. 2894079 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 23 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X RAMON LEE 2135420289 818 WEST 7TH STREET NO 710 LOS ANGELES CA 90017 LINDA ADAMS BOARD CHAIR 1.00 X X 0 0 0 GARY GERO BOARD VICE CHAIR 1.00 X X 0 0 0 PETER M MILLER BOARD SECRETARY 1.00 X X 0 0 0 JEFFREY KIGHTLINGER BOARD TREASURER 1.00 X X 0 0 0 JAN SCHORI AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 STEVE CORNELI NOMINATING COMMITTEE CHAIR 1.00 X 0 0 0 TEVEIA BARNES BOARD MEMBER 1.00 X 0 0 0 PETER LIU BOARD MEMBER 1.00 X 0 0 0 BETSY MOLER BOARD MEMBER (THRU 03/20) 1.00 X 0 0 0 HEATHER O'NEILL BOARD MEMBER 1.00 X 0 0 0 TIM PROFETA BOARD MEMBER 1.00 X 0 0 0 DR STEPHAN SCHWARTZMAN BOARD MEMBER 1.00 X 0 0 0 KATIE SULLIVAN BOARD MEMBER 1.00 X 0 0 0 CRAIG EBERT PRESIDENT 40.00 X 197464 0 39504 RAMON LEE CONTROLLER 40.00 X 116527 0 30680 GILLIAN CALOF VP OF OPERATIONS 40.00 X 145023 0 26905 JOHN NICKERSON VP OF FORESTRY 40.00 X 115487 0 21899 JENNIFER WEISS VP OF COMMUNICATIONS 40.00 X 134522 0 26164 MAX DUBUISSON DIRECTOR OF POLICY 40.00 X 108099 0 3016 817122 0 148168 6 0 1 0 DOGWOOD SPRINGS FORESTRY 3461 BURNETTE WAY UKIAH CA 95482 DIRECT SERVICES CONTRACTOR (FORESTRY) 119985 THE CLIMATE REGISTRY (TCR) 600 WILSHIRE BOULEVARD SUITE 970 LOS ANGELES CA 90017 ANNUAL COP: 25 SHARING PARTNER 105389 2 7500 133463 140963 REGISTRY INCOME 900099 3973980 3973980 CONTRACT INCOME 900099 571084 571084 FEE INCOME 611600 307750 307750 WORKSHOP INCOME 900099 31308 31308 4884122 4259 4259 5029344 4884122 0 4259 595635 395707 194900 5028 1171253 778116 383250 9887 17808 11831 5827 150 215976 143483 70670 1823 129857 86270 42491 1096 36335 36335 308492 254965 53527 970 570 400 72540 28260 44280 67317 20027 47290 230826 153349 75529 1948 131237 130153 1084 24039 20495 3544 8989 8989 82993 55136 27156 701 REGISTRY FEE 796102 796102 DUES AND SUBSCRIPTIONS 13470 6853 6617 EQUIPMENT RENTAL 10655 5096 5559 BAD DEBT 7646 7646 14123 7666 6457 3936263 2894079 1021551 20633 88 179695 1404239 1026976 546171 2177056 52831 95109 130520 108473 28197 22047 1838504 1996442 3870030 5497325 215453 238761 1885660 2396566 2101113 2635327 X 1768917 2809498 52500 1768917 2861998 3870030 5497325 1093081 0 X X 0 1 X 1 0 X 619894 485548 546001 212786 140963 2005192 2968439 3682362 3546590 3563849 4884122 18645362 3588333 4167910 4092591 3776635 5025085 20650554 0 1033664 1588046 1386939 1407563 413892 5830104 1033664 1588046 1386939 1407563 413892 5830104 14820450 421 842 1712 7044 4259 14278 421 842 1712 7044 4259 14278 153 1903 4879 3079 10014 3588907 4170655 4099182 3786758 5029344 20674846 0.71680 0.65440 0.00070 0.00050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 130520 108473 22047 22047 SECURITY DEPOSITS 20914 CLIMATE RESERVE TONNES FOREST BUFFER POOL ASSET 1975528 1996442 CLIMATE RESERVE TONNES FOREST BUFFER POOL LIABILITY 1975528 DEFERRED RENT 55708 PPP LOAN 365330 2396566 4258227 24985 24985 4233242 796102 796102 5029344 3165146 24985 24985 3140161 796102 796102 3936263 PART XI, LINE 4B - OTHER ADJUSTMENTS: REGISTRY FEE 796,102. PART XII, LINE 4B - OTHER ADJUSTMENTS: REGISTRY FEE 796,102. FORM 990, SCH D, PARTS IX AND X, LINE 2 THE ORGANIZATION ADMINISTERS A BUFFER POOL THAT SERVES AS A HOLDING ACCOUNT FOR PROJECT CRTS. IF A PROJECT EXPERIENCES AN UNAVOIDABLE RELEASE OF CARBON, THE BUFFER POOL HOLDS CRTS THAT SERVE AS CREDITS AGAINST THAT RELEASE INTO THE ATMOSPHERE TO ENSURE THAT THE OVERALL ENVIRONMENTAL INTEGRITY OF ALL PROJECTS IS PROTECTED. IN CONJUNCTION WITH ISSUING CRTS TO FOREST, GRASSLAND AND MEXICO FOREST PROJECTS, THE ORGANIZATION RETAINS A PERCENTAGE OF THESE CREDITS FOR REVERSALS. THESE NON-CASH TRANSACTIONS ARE RECORDED AS AN ASSET AND A LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. AT JUNE 30, 2020 THE ORGANIZATION HELD 225,783 CRTS, WHICH WERE VALUED AT FAIR MARKET VALUE AMONG THREE CATEGORIES OF PRICE INPUTS AVAILABLE. MEXICO 0 1 PROGRAM SERVICES INTERNATIONAL INITIATIVES 185009 CANADA 0 1 PROGRAM SERVICES INTERNATIONAL INITIATIVES 17647 0 2 0 0 0 2 202656 0 202656 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X 0 0 0 0 0 0 0 0 0 CRAIG EBERT PRESIDENT 197464 0 0 0 0 0 1200 0 38304 0 236968 0 0 0 GILLIAN CALOF VP OF OPERATIONS 145023 0 0 0 0 0 1200 0 25705 0 171928 0 0 0 JENNIFER WEISS VP OF COMMUNICATIONS 134522 0 0 0 0 0 1200 0 24964 0 160686 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B LINE 11A EXPLANATION - IT IS THE POLICY OF CLIMATE ACTION RESERVE THAT THE AUDIT COMMITTEE AND THEN THE FULL BOARD OF DIRECTORS REVIEW THE FORM 990 BEFORE IT IS FILED WITH THE IRS. A BOARD RESOLUTION IS NOT REQUIRED IN ORDER FOR THE FORM 990 TO BE FILED. THE MEANS OF DELIVERY SHALL BE VIA EMAIL TO EACH AUDIT COMMITTEE MEMBER. FORM 990, PART VI, SECTION B, LINE 12C THE CLIMATE ACTION RESERVE HAS SCHEDULED MEETINGS TO REVIEW POLICY AND PROCEDURES AND CONSISTENTLY MONITORS AND ENFORCES COMPLIANCE WITH THE POLICIES DURING THE REVIEW PROCESS. THE RESERVE HAS FULL BOARD OF DIRECTORS MEETINGS, AUDIT COMMITTEE MEETINGS, NOMINATING COMMITTEE MEETINGS AND EXECUTIVE COMMITTEE MEETINGS. DURING THE REPORTING PERIOD, THE EXECUTIVE COMMITTEE GATHERED FOUR TIMES TO REVIEW POLICY AND PROCEDURES TO ENFORCE COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 AT SCHEDULED MEETINGS THE BOARD OF DIRECTORS REVIEWS AND MAKES DECISIONS ON COMPENSATION FOR THE PRESIDENT AND VP STAFF USING COMPENSATION INFORMATION GATHERED FROM THE FORM 990'S OF OTHER ORGANIZATIONS AND LOCAL COMPENSATION SURVEYS. THE PROCESS IS DONE IN CLOSED SESSION AND DECISIONS ARE FORWARDED TO THE PRESIDENT BY ELECTRONIC MAIL, THEN REVIEWED BY THE VP OF OPERATIONS, AND FINALLY FORWARDED TO THE CONTROLLER FOR PROCESSING. THIS DELIBERATION IS ALSO RECORDED IN THE CORPORATE MINUTES. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC DOCUMENTS AS DETERMINED BY THE ORGANIZATION ARE AVAILABLE UPON WRITTEN REQUEST. COPIES OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FORMS 990 ARE ALSO MADE AVAILABLE BY EMAIL REQUEST THROUGH A LINK ON THE ORGANIZATION'S WEBSITE. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.