2019-07-11T14:17:26-05:00 2018-12-31 582676261 Rogers & Company PLLC 8300 Boone Boulevard Suite 600 Vienna VA 22182 990 2018-01-01 270566795 Verra VERR 2024802282 One Thomas Circle NW No 1050 Washington DC 20005 William M Ferretti COO and CFO 2024802282 2019-07-11 1 Lori A Collingsworth P00639819 7038930300 2019-07-10 129.213.51.162 2019-07-11 15:15:09 ED P 5757F712A8161F6F3964D64EA127352BD3BB441C 4E34592AB1F6423AB9D06C25827E64500E8BEDD1 2018 2019-02-21 02:37:17Z David Antonioli One Thomas Circle NW No 1050 Washington DC 20005 6977882 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 25 0 0 7095 1581157 1637655 4842729 5334009 2488 6218 2235 0 6428609 6977882 108454 193099 0 0 2192768 2351513 0 0 0 2037789 2466777 4339011 5011389 2089598 1966493 4418138 7050475 824362 1490206 3593776 5560269 X Verra develops and manages standards that help countries, the private sector and civil society achieve their sustainable development and climate action goals. 1 0 1765318 4456067 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. 1075468 193099 Landscape Standard: The Landscape Standard (LS) is a shared initiative of 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. 562104 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. 104952 877342 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. 89937 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. 33051 600 California Offset Project Registry Program: The Verra-California Offset Project Registry supports the State of California's pioneering emissions trading program. Verra 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. 227940 877942 3630830 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 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 12 0 1 25 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X The Organization 2024802282 One Thomas Circle NW No 1050 Washington DC 20005 John Drexhage Chair 4.00 X X 0 0 0 Marc Stuart Vice-Chair 2.00 X X 0 0 0 Dirk Forrister Board Member 1.00 X 0 0 0 Nathaniel Keohane Board Member 1.00 X 0 0 0 Ken Markowitz 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 Tao Yun 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 David Antonioli Chief Executive Officer 40.00 X 306544 0 20441 William Ferretti Chief Operating and Financial Officer 40.00 X 182843 0 10110 Toby Janson-Smith Chief Innovation Officer 40.00 X 167350 0 11342 Naomi Swickard Director, Land-Based Frameworks 40.00 X 135927 0 5347 792664 0 47240 4 0 1 0 Climate Focus 1730 Rhode Island Avenue NW Ste 60 Washington DC 20036 Methodology Compensation 306262 Rainforest Alliance 233 Broadway 28th Floor New York NY 10279 Subcontract 241572 World Resources Institute 10 G Street NE Suite 800 Washington DC 20002 Subcontract 192084 Nature Conservation Research Center-NCRC PO Box KN925 KaneshieAccra GH Subcontract 151614 Markit 450 W 33rd St 5th Floor New York NY 10001 Methodology Compensation 100600 5 10000 1627655 1637655 VCU and CCB levies 900099 5013095 5013095 CCB verification/validation fees 900099 260389 260389 VVB annual fees 900099 59925 59925 California Offset Registry 900099 600 600 5334009 6218 6218 6977882 5334009 0 6218 X 193099 193099 519939 344996 174943 1468542 974426 494116 77753 72294 5459 153184 102642 50542 132095 95942 36153 96360 38770 57590 155770 155770 1415764 1389219 26545 141908 115786 26122 161708 101500 60208 171287 23509 147778 149497 116933 32564 83817 61178 22639 45414 45414 37113 37113 Membership dues 8139 536 7603 5011389 3630830 1380559 0 1954919 3714783 1113462 1824616 0 447738 963510 783037 24574 117949 178196 117325 87564 60871 274109 101481 4418138 7050475 487691 860782 29067 512256 307604 117168 824362 1490206 X 3593776 5560269 3593776 5560269 4418138 7050475 1966493 0 X X 0 1 X 1 0 X 335376 855173 1290699 1581157 1637655 5700060 1860530 2216439 2289405 4842729 5334009 16543112 2445 2235 4680 2195906 3071612 3582549 6426121 6971664 22247852 254269 34978 289247 546178 507294 529195 2044216 2195259 5822142 546178 761563 564173 2044216 2195259 6111389 16136463 2000 1194 1590 2488 6218 13490 2000 1194 1590 2488 6218 13490 2197906 3072806 3584139 6428609 6977882 22261342 0.72490 0.73680 0.00060 0.00040 X 17412 8895 8517 69747 38872 30875 91037 69558 21479 60871 Deferred compensation liabilities 101481 Deferred rent 15687 117168 X 6977882 0 6977882 0 6977882 5011389 0 5011389 0 5011389 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) - Albania, Andorra, Austria, Belgium 0 2 Program Services Develop Transport Pricing, Renewable Energy and Effeciency Guidance under ICAT 44120 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, 0 0 Grants to Recipients Located in Region 127719 Central America and the Caribbean 0 0 Grants to Recipients Located in Region 47288 Europe (Including Iceland & Greenland) 0 0 Grants to Recipients Located in Region 18092 0 2 0 0 0 2 237219 0 237219 Sub-Saharan Africa - Angola, Benin, Botswana, Burkina Faso, Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 127719 Wire 0 N/A N/A Central America and the Caribbean Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 22787 Wire 0 N/A N/A Europe (Including Iceland & Greenland) Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 19092 Wire 0 N/A N/A Central America and the Caribbean Addressing REDD+ through Landscape-Scale Sustainable Commodity Production Models 24501 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 used for books. X X 0 0 0 0 0 0 0 0 0 David Antonioli Chief Executive Officer 302160 0 0 0 4384 0 18942 0 1499 0 326985 0 0 0 William Ferretti Chief Operating and Financial Office 182843 0 0 0 0 0 9382 0 728 0 192953 0 0 0 Toby Janson-Smith Chief Innovation Officer 167350 0 0 0 0 0 9575 0 1767 0 178692 0 0 0 Form 990, Part III, line 2 Verra recently launched the Sustainable Development Verified Impact Standard (SD VISta for short), which will help drive finance to projects that demonstrate sustainable development benefits. 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. Form 990, Part VI, Section A, line 4 On April 18, 2018, the Organization filed Amended and Restated Articles of Incorporation with the District of Columbia changing the Organization's name from Verified Carbon Standard Association to Verra. This change has been reported to the IRS. 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 Audit Committee 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 Program Consultants and Contractors: Program service expenses 865,873. Management and general expenses 12,769. Fundraising expenses 0. Total expenses 878,642. Methodology Developers: Program service expenses 519,585. Management and general expenses 0. Fundraising expenses 0. Total expenses 519,585. Other consultants and professional fees: Program service expenses 3,761. Management and general expenses 13,776. Fundraising expenses 0. Total expenses 17,537. Form 990, Part XII, Line 2c: The Organization's Audit Committee is responsible for the oversight of the audit. The 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 and is recognized as an exempt association.