2020-07-10T12:21:04-05:00 2020-03-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2019-04-01 364709977 CDP NORTH AMERICA INC CDPN 2123782086 127 W 26TH STREET NO 300 NEW YORK NY 10001 BRUNO SARDA PRESIDENT 2123782086 2020-07-08 1 GARRETT M HIGGINS P00543209 2122862600 2020-07-08 108.35.122.103 2020-07-08 22:41:25 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2019 2020-09-22 18:59:49Z BRUNO SARDA 127 W 26TH STREET NO 300 NEW YORK NY 10001 11089130 0 X WWW.CDP.NET X 2011 DE TO PREVENT DANGEROUS CLIMATE CHANGE, PROTECT RESOURCES, AND CREATE A SUSTAINABLE GLOBAL ECONOMY. 5 5 73 5 0 0 2289255 4980381 5073011 6094620 105 14129 0 0 7362371 11089130 649891 1462016 0 0 4461831 5415329 0 0 651329 3367969 3529814 8479691 10407159 -1117320 681971 6210105 8321971 2856503 4286398 3353602 4035573 X CDP'S VISION FOR THE FUTURE IS A THRIVING ECONOMY THAT WORKS FOR PEOPLE AND PLANET IN THE LONG TERM. WE FOCUS INVESTORS, COMPANIES AND GOVERNMENTS ON TAKING URGENT ACTION TO BUILD A TRULY SUSTAINABLE ECONOMY BY MEASURING AND UNDERSTANDING THEIR ENVIRONMENTAL IMPACT. TO THAT END, CDP PIONEERED THE ONLY GLOBAL SYSTEM FOR COMPANIES AND GOVERNMENTS TO DISCLOSE AND MANAGE THEIR ENVIRONMENTAL PERFORMANCE. CDP NORTH AMERICA, INC. ("CDP-NA") IS A 501(C)(3) ORGANIZATION AND THE NORTH AMERICAN ARM OF CDP ("CDP"), A GLOBAL NOT-FOR-PROFIT CHARITY NETWORK FORMERLY KNOWN AS THE CARBON DISCLOSURE PROJECT. 0 0 5677083 1462016 2484857 DISCLOSURE & GLOBAL INITIATIVES:OVER 2,400 NORTH AMERICAN COMPANIES DISCLOSED TO CDP IN 2019 ACROSS OUR CLIMATE, WATER AND FORESTS PROGRAM AREAS. THEY WERE JOINED BY 220 NORTH AMERICAN CITIES, STATES AND REGIONS.IN ADDITION TO INCREASING DISCLOSURE, CDP-NA DROVE INCREASING ACTION AND IMPACT AS EVIDENCED BY THE 85 NORTH AMERICAN COMPANIES THAT SET OR COMMITTED TO SET SCIENCE-BASED TARGETS IN 2019 ALONE, AND THE NOW 71 NORTH AMERICAN COMPANIES THAT ARE WORKING TOWARD OR HAVE ACHIEVED 100% RENEWABLE ENERGY THROUGH RE100.CDP HAS 157 SIGNATORY INVESTORS IN NORTH AMERICA WITH US$46.5 TRILLION IN ASSETS. HIGHLIGHTS FOR HOW NORTH AMERICAN INVESTORS USED CDP DATA OVER THE YEAR INCLUDE: CDP CLIMATE RISK DATA WAS USED TO INFORM A NEW PHYSICAL RISK FRAMEWORK (P-ROCC), PROPOSED BY CALPERS AND WELLINGTON MANAGEMENT; VERITY PLATFORMS, A STARTUP PUBLIC BENEFIT CORPORATION, IS USING CDP CLIMATE, WATER AND FOREST DATA TO BUILD A SUSTAINABILITY PLATFORM THAT INTEGRATES SUSTAINABILITY RESEARCH INTO FINANCIAL MARKETS; TRUCOST, PART OF S&P GLOBAL, IS USING CDP CLIMATE, WATER AND FORESTS DATA TO INFORM THEIR RESEARCH AND SERVICE OFFERINGS TO CAPITAL MARKETS AND CORPORATIONS; AND UN PRI IS USING CDP WATER DATA TO ASSESS COMPANY PERFORMANCE AFTER INVESTOR ENGAGEMENT ON WATER RISKS AND AGRICULTURAL SUPPLY CHAIN ENGAGEMENT. 2805775 3360334 MEMBERSHIP PROGRAMS:OUR MEMBERSHIP OFFERINGS INCLUDING INVESTOR INITIATIVES, CDP REPORTER SERVICES AND CDP SUPPLY CHAIN, PROVIDE ENHANCED SUPPORT TO ACCELERATE MEMBERS' CLIMATE ACTION.CDP PROVIDES AN UNPARALLELED SET OF ENVIRONMENTAL DATA AND AWARD-WINNING INSIGHTS TO INVESTOR MEMBERS TO ARM THEM WITH THE INFORMATION THEY NEED TO PROTECT THEIR INVESTMENTS FROM RISKY CLIMATE CHANGE IMPACTS. CDP REPORTER SERVICES INCLUDES 88 MEMBERSHIPS ACROSS 73 NORTH AMERICAN COMPANIES, WHICH BENEFIT FROM STRATEGIC ACCOUNT MANAGEMENT AND ENHANCED DATA ACCESS THAT SUPPORT IMPROVEMENT IN THE QUALITY OF THEIR DISCLOSURE.THROUGH CDP SUPPLY CHAIN, 57 NORTH AMERICAN COMPANIES, WITH US$1.6 TRILLION IN PURCHASING POWER, COLLECTED DATA FROM MORE THAN 7,200 GLOBAL SUPPLIERS IN 2019 MANY OF WHICH WOULD NOT OTHERWISE DISCLOSE THEIR ENVIRONMENTAL IMPACT. 143315 249429 PARTNERSHIPS AND EVENTS:CDP PARTNERSHIPS FOCUS ON BUILDING A STRONG NETWORK OF EXTERNAL STAKEHOLDERS TO DRIVE REAL EMISSIONS REDUCTIONS BY SUPPORTING RESPONDING ENTITIES WITH DATA COLLECTION, SUSTAINABILITY STRATEGY RECOMMENDATIONS, AND MUCH MORE. CDP'S PARTNERS RANGE FROM ACCREDITED SERVICE PROVIDERS TO LARGE COMPANIES THAT ARE INTEGRATING CLIMATE STRATEGY INTO THEIR CORE BUSINESS. CDP-NA ORGANIZES FOR ANNUAL EVENTS WHICH SERVE AS OPPORTUNITIES TO CONVENE EXPERTS AND PRACTITIONERS TO DISCUSS ADVANCES IN SUSTAINABILITY PRACTICES. THE EVENTS HAVE BEEN HELD AT LOCATIONS RANGING FROM GOOGLE'S CAMPUS TO COLUMBIA UNIVERSITY, AND FEATURED KEYNOTES INCLUDING FORMER PRESIDENT BILL CLINTON, VP OF OPERATIONS AT GOOGLE JIM MILLER, AND FORMER EPA ADMINISTRATOR GINA MCCARTHY. 8626173 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 1 1 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 16 0 73 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NY CA X X LORI LLEWELLYN 2123782086 127 W 26TH STREET NO 300 NEW YORK NY 10001 BRUNO SARDA PRESIDENT 40.00 X 172117 0 38353 JONATHAN LABOZZETTA DIRECTOR, DEVELOPMENT 40.00 X 145923 0 58556 EMILY KREPS VP INVESTOR INITIATIVES 40.00 X 164169 0 36591 SARA LAW VP GLOBAL INITIATIVES 40.00 X 117770 0 20402 TERESA YUNG CHIEF OPERATING OFF. THRU SEP 2019 40.00 X 109561 0 21874 ATELISIKA IYALLA HEAD OF CORPORATES AND SUPPLY CHAIN 40.00 X 103399 0 22773 DOROTA LAUGHLIN HEAD OF FINANCE AND ADMIN THRU NOV. 2019 40.00 X 101126 0 22433 LORI LLEWELLYN HEAD OF FINANCE AND PEOPLE 40.00 X 64720 0 26738 MARTIN WISE BOARD CHAIR 1.50 X X 0 0 0 MARTIN WHITTAKER TREASURER 1.00 X X 0 0 0 JOYCE HABOUCHA SECRETARY 1.00 X X 0 0 0 DAVID LUBIN DIRECTOR 1.00 X 0 0 0 DAVID WOLFSON DIRECTOR 1.00 X 0 0 0 978785 0 247720 7 0 1 0 ADP TOTALSOURCE 10200 SUNSET DRIVE MIAMI FL 33173 PAYROLL ADMIN FEES 132835 PRESTIGE BUILDERS NYC 85-73 112TH STREET RICHMOND HILL NY 11418 RENOVATION SERVICE 105550 2 4980381 4980381 MEMBERSHIP PROGRAM SERVICE FEES 813312 3360334 3360334 GLOBAL PROGRAM 813312 2484857 2484857 PARTNERSHIPS AND EVENTS 813312 249429 249429 6094620 14129 14129 11089130 6094620 0 14129 1462016 1462016 601174 439144 99927 62103 3757891 2745053 624634 388204 236900 173050 39377 24473 496494 362678 82527 51289 322870 235849 53667 33354 140180 102398 23301 14481 3000 2501 299 200 31132 25951 3101 2080 162867 136063 15900 10904 15978 15978 239594 220274 13666 5654 93709 80221 8747 4741 1921431 1921431 360076 292787 48160 19129 309184 202869 82865 23450 28496 18698 7637 2161 60803 49441 8132 3230 35493 29586 3536 2371 UNRELATED BUSN INC EXP 360 360 REPORT COST 82645 75550 7095 REPAIR AND MAINTENANCE 22528 18318 3013 1197 STAFF DEVELOPMENT 17086 12481 2840 1765 5252 3836 873 543 10407159 8626173 1129657 651329 1366389 2299708 45420 1159654 1200000 709578 2018366 2645296 789000 854895 441394 253865 63110 187529 727820 465311 6210105 8321971 335228 920858 2493810 3319229 27465 46311 2856503 4286398 X 2033714 2493895 1319888 1541678 3353602 4035573 6210105 8321971 681971 0 X X 0 1 X 1 0 X 4175788 3064119 6402953 2289255 4980381 20912496 4175788 3064119 6402953 2289255 4980381 20912496 4421325 16491171 211 105 105 14129 14550 20927046 21754761 0.78800 0.77550 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 417791 236096 181695 23603 17769 5834 187529 SECURITY DEPOSIT 97275 DUE FROM CDP WORLDWIDE 368036 465311 DEFERRED RENT 46311 46311 X 11218630 129500 129500 11089130 0 11089130 10536659 129500 129500 10407159 0 10407159 PART X, LINE 2: CDP-NA RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT CDP-NA HAS NO UNCERTAIN TAX POSITIONS AS OF MARCH 31, 2020 THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. CDP-NA IS NO LONGER SUBJECT TO EXAMINATIONS BY APPLICABLE TAXING JURISDICTIONS FOR PERIODS PRIOR TO MARCH 31, 2017. 1 EUROPE 0 0 GRANTMAKING 1462016 0 0 0 0 0 0 1462016 0 1462016 EUROPE PROGRAM SUPPORTS/ FULLFILLMENT OF GRANT DELIVERABLES 1089240 WIRE TRANSFER EUROPE CLIMATE DISCLOSURE STANDARDS BOARD GRANT 372776 WIRE TRANSFER 2 0 0 0 0 0 0 0 PART I, LINE 2: CDP NORTH AMERICA, INC. (CDP-NA) PROVIDES SUBGRANTS TO OTHER MEMBERS OF THE CDP WORLDWIDE (CDP-WW) NETWORK UNDER CERTAIN GRANT AND AWARD AGREEMENTS. CDP-NA MANAGEMENT MONITORS THE USE OF THE FUND BY MAKING SURE THAT THE FUNDS ARE SPENT ACCORDINGLY UNDER THE TERM AND CONDITIONS OF THE GRANT AND AWARD AGREEMENTS. PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO ACCOUNT FOR ITS EXPENDITURES. PART III ACCOUNTING METHOD: X X X 0 0 0 0 0 0 0 0 0 BRUNO SARDA PRESIDENT 171287 0 0 0 830 0 9375 0 28978 0 210470 0 0 0 JONATHAN LABOZZETTA DIRECTOR, DEVELOPMENT 145617 0 0 0 306 0 13722 0 44834 0 204479 0 0 0 EMILY KREPS VP INVESTOR INITIATIVES 163835 0 0 0 334 0 9830 0 26761 0 200760 0 0 0 FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION USES ADP TOTALSOURCE, A PROFESSIONAL EMPLOYER ORGANIZATION ("PEO"). AS A PROFESSIONAL EMPLOYER ORGANIZATION, TOTALSOURCE PROVIDES PROFESSIONAL EMPLOYER SERVICES TO CDP NORTH AMERICA, INC. (CDP-NA). IN THE PEO RELATIONSHIP, TOTALSOURCE AND CDP-NA SHARE CERTAIN RESPONSIBILITIES AND ALLOCATE OTHER EMPLOYER RESPONSIBILITIES BETWEEN EACH OTHER. CDP-NA REMAINS AN EMPLOYER OF THE WORKSITE EMPLOYEES AND TOTALSOURCE IS A CO-EMPLOYER OF CDP-NA'S EMPLOYEES. TOTALSOURCE RESERVED THE RIGHT OF DIRECTION AND CONTROL OVER EMPLOYEES AS IS NECESSARY TO FULFILL ITS OBLIGATIONS AND PROVIDE ITS SERVICES UNDER AN AGREEMENT BETWEEN CDP-NA AND TOTALSOURCE. TOTALSOURCE AND CDP-NA HAVE A RIGHT TO HIRE, DISCIPLINE, AND TERMINATE EMPLOYEES AS TO EACH ONE'S EMPLOYMENT RELATIONSHIP WITH EMPLOYEES. FEES PAID TO TOTALSOURCE IN FY2020 WAS $140,180. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS IT FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS THEN REVIEWED BY THE HEAD OF FINANCE AND PEOPLE AND PRESIDENT PRIOR TO DISTRIBUTION TO ALL BOARD MEMBERS (BY HARD COPY OR ELECTRONICALLY) FOR THEIR REVIEW. ONCE, THE FORM 990 IS APPROVED BY THE BOARD, THE RETURN IS THEN FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C CDP NORTH AMERICA, INC. (CDP-NA) HAS A WRITTEN CONFLICT OF INTEREST POLICY, WHICH IS MONITORED AND ENFORCED ANNUALLY. ALL DIRECTORS, PRINCIPAL OFFICERS AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO DISCLOSE ANY CONFLICT OF INTEREST THAT MAY EXIST WITH THE ORGANIZATION ON AN ANNUAL BASIS. ANY DISCLOSURES MADE ON THE FORM ARE DISCUSSED AS PART OF THE GOVERNANCE AND BUSINESS AGENDA AT THE FOLLOWING REGULAR MEETING OF THE BOARD. THE BOARD REVIEWS EACH CIRCUMSTANCE AND DECIDES AS TO WHETHER A POTENTIAL CONFLICT EXISTS, WHETHER ACTUAL CONFLICTS CAN BE FULLY AND SATISFACTORILY ADDRESSED, OR WHETHER OTHER ACTION IS REQUIRED. OUTSIDE LEGAL COUNSEL MAY BE CONSULTED AS PART OF THE DETERMINATION PROCESS, AS NECESSARY. ALL DIRECTORS, PRINCIPAL OFFICERS AND COMMITTEE MEMBERS WITH GOVERNING BOARD DELEGATED POWERS ARE REQUIRED TO INFORM THE BOARD CHAIR OF CDP-NA OF ANY MATERIAL CHANGES THAT DEVELOP DURING THE YEAR REGARDING THE CIRCUMSTANCES OR ADJUSTMENTS TO INFORMATION DISCLOSED IN THE CONFLICT OF INTEREST DISCLOSURE STATEMENT. IF AN INDIVIDUAL HAS A CONFLICT OF INTEREST, THEY WOULD BE EXCUSED FROM PARTICIPATING IN THE VOTE OF THAT CONFLICT. FORM 990, PART VI, SECTION B, LINE 15A SALARIES PAID TO EMPLOYEES OF THE ORGANIZATION ARE DETERMINED USING DATA DRAWN FROM THE IRS FORM 990 OF COMPARABLE ORGANIZATIONS, FROM OTHER SALARY SURVEYS, AND FROM BENCHMARKING DATA. CURRENT SALARIES AND BENEFITS ARE BASED ON A GLOBAL BENCHMARKING PROJECT PERFORMED BY CDP WORLDWIDE AND ARE ADJUSTED ANNUALLY FOR INFLATION, AND/OR FOR COMPETITIVE SALARY CONSIDERATIONS AS ADDITIONAL INFORMATION MAY BECOME AVAILABLE. THE CDP-NA BOARD OF DIRECTORS APPROVES AND REVIEWS ANNUALLY THE COMPENSATION OF THE PRESIDENT AND EVALUATES HIS PERFORMANCE. COMPENSATION OVERALL IS BASED ON A COMBINATION OF FACTORS, INCLUDING THE EMPLOYEE'S LEVEL OF RESPONSIBILITY AND HIS/HER PERFORMANCE IN THE ROLE, THE RATE OF INFLATION, AND THE NONPROFIT LABOR MARKET FOR ORGANIZATIONS COMPARABLE TO CDP-NA AND WHICH MAY OVERLAP REGARDING THE TYPE OF TALENT AND SKILLS THEY REQUIRE OF STAFF TO DELIVER THEIR WORK AND TO ACHIEVE THEIR MISSION. THIS PROCESS WAS LAST UNDERTAKEN DURING FY20 AND THE RECORDS OF THE COMPENSATION DECISIONS ARE MAINTAINED IN THE ORGANIZATION'S PERSONNEL FILE. CDP-NA'S PRESIDENT IS RESPONSIBLE FOR ASSESSING THE PERFORMANCE OF SENIOR OFFICERS, AND FOR THEIR ANNUAL REVIEWS THAT AFFECT THEIR COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS POSTED ON GUIDESTAR.ORG, AS WELL AS OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY, FORM 990, FORM 1023, AND BY-LAWS ARE ALSO AVAILABLE UPON WRITTEN REQUEST TO 127 W. 26TH STREET, SUITE 300, NEW YORK, NY 10001. FORM 990, PART XII, LINE 2C: THE FINANCE AND AUDIT COMMITTEE WAS FORMED IN FY2020. THE FINANCE AND AUDIT COMMITTEE ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF CDP'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.