2019-06-27T11:29:25-05:00 2019-03-31 271728945 PKF O'CONNOR DAVIES LLP 665 FIFTH AVENUE NEW YORK NY 10022 990 2018-04-01 364709977 CDP NORTH AMERICA INC CDPN 2123782086 127 W 26TH STREET NO 300 NEW YORK NY 10001 BRUNO SARDA PRESIDENT 2123782086 2019-06-25 1 GARRETT M HIGGINS P00543209 2122862600 2019-06-25 4.15.211.182 2019-06-25 13:40:13 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 C5C0E2060BEB3F24671B5CC0358F632D6B4109AD 2018 2019-02-21 02:37:17Z BRUNO SARDA 127 W 26TH STREET NO 300 NEW YORK NY 10001 7362371 0 X WWW.CDP.NET X 2011 DE TO PREVENT DANGEROUS CLIMATE CHANGE, PROTECT RESOURCES, AND CREATE A SUSTAINABLE GLOBAL ECONOMY. 5 5 71 5 0 1712 6402953 2289255 4064342 5073011 105 105 0 0 10467400 7362371 442995 649891 0 0 4168789 4461831 0 0 604193 2698254 3367969 7310038 8479691 3157362 -1117320 7274616 6210105 2803694 2856503 4470922 3353602 X SEE SCHEDULE O. 0 0 4027549 649891 1609506 DISCLOSURE & GLOBAL INITIATIVES:OUR DISCLOSURE AND GLOBAL INITIATIVES PROGRAMS AIM TO ENSURE THE COLLECTION AND INCLUSION OF VITAL ENVIRONMENTAL CRITERIA IN BUSINESS AND POLICY DECISIONS, AND ACCELERATE AMBITIOUS ENVIRONMENTAL ACTION. [SEE CONTINUATION ON SCHEDULE O] 2517459 3170480 MEMBERSHIP PROGRAMS:OUR MEMBERSHIP PROGRAMS INCLUDING INVESTOR INITIATIVES, REPORTER SERVICES AND SUPPLY CHAIN, PROVIDE ENHANCED SUPPORT TO ACCELERATE MEMBERS' CLIMATE ACTION. [SEE CONTINUATION ON SCHEDULE O] 325156 293025 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. [SEE CONTINUATION ON SCHEDULE O] 6870164 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 12 0 71 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 1 0 0 NY CA X X TERESA YUNG 2123782086 127 W 26TH STREET NO 300 NEW YORK NY 10001 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 LANCE PIERCE PRESIDENT THRU OCT. 31 2018 40.00 X 181541 0 45645 TERESA YUNG CHIEF OPERATING OFFICER 40.00 X 151048 0 27108 EMILY KREPS VP INVESTOR INITIATIVES 40.00 X 152560 0 31974 JONATHAN LABOZZETTA DIRECTOR, DEVELOPMENT 40.00 X 138769 0 48440 SARA LAW VP GLOBAL INITIATIVES 40.00 X 120639 0 20698 ATELISIKA IYALLA HEAD OF CORPORATES AND SUPPLY CHAINS 40.00 X 101110 0 22768 845667 0 196633 6 0 1 0 MINTZER ENERGY GROUP 9514 GARWOOD ST SILVER SPRING MD 20901 DANIDA PROJECT 174047 ISAACSON MILLER INC 1300 19TH ST NW WASHINGTON DC 20036 RECRUITING 102338 2 2289255 2289255 MEMBERSHIP PROGRAM SER 813312 3170480 3170480 GLOBAL PROGRAM 813312 1609506 1609506 PARTNERSHIPS AND EVENT 813312 293025 293025 5073011 105 105 7362371 5073011 0 105 649891 649891 279168 194970 50386 33812 3242276 2264393 585190 392693 228669 159701 41272 27696 447614 312612 80789 54213 264104 184450 47667 31987 116593 81428 21044 14121 8750 8621 79 50 26920 26523 244 153 248874 245207 2257 1410 13010 13010 76787 65395 7010 4382 102286 90165 7459 4662 1516115 1516115 231704 196562 21626 13516 428605 332965 95640 26994 20970 6024 54780 46472 5113 3195 13487 13289 122 76 REPORT COST 312109 311912 197 RECRUITMENT EXPENSE 153552 107240 27714 18598 STAFF DEVELOPMENT 23056 16102 4162 2792 REPAIR AND MAINTENANCE 14347 12171 1339 837 8479691 6870164 1005334 604193 3336279 1366389 45316 45420 2035000 1200000 1648880 2018366 789000 256172 193062 107890 63110 101251 727820 7274616 6210105 502104 335228 2174126 2493810 127464 27465 2803694 2856503 X 1615113 2033714 2855809 1319888 4470922 3353602 7274616 6210105 -1117320 0 X X 0 1 X 0 0 X 958317 4175788 3064119 6402953 2289255 16890432 958317 4175788 3064119 6402953 2289255 16890432 3791256 13099176 211 105 105 421 16890853 18000730 0.77550 0.75150 X 232569 179082 53487 23603 13980 9623 63110 SECURITY DEPOSIT 68800 DUE FROM CDP WORLDWIDE 659020 727820 DEFERRED RENT 27465 27465 X 7808581 446210 446210 7362371 0 7362371 8925901 446210 446210 8479691 0 8479691 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, 2019 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, 2016. 1 EUROPE 0 0 GRANTMAKING 649891 0 0 0 0 0 0 649891 0 649891 EUROPE PROGRAM SUPPORTS 649891 WIRE TRANSFER 1 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. X 1 1 X X X 0 0 0 0 0 0 0 1 0 LANCE PIERCE PRESIDENT THRU OCT. 31 2018 156612 0 16776 0 8153 0 14551 0 31094 0 227186 0 0 0 TERESA YUNG CHIEF OPERATING OFFICER 137705 0 13117 0 226 0 12862 0 14246 0 178156 0 0 0 EMILY KREPS VP INVESTOR INITIATIVES 142186 0 10090 0 284 0 8652 0 23322 0 184534 0 0 0 JONATHAN LABOZZETTA DIRECTOR, DEVELOPMENT 135605 0 2889 0 275 0 8085 0 40355 0 187209 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDED A HOUSING ALLOWANCE IN THE AMOUNT OF $6,720 TO THE PRESIDENT. THIS AMOUNT IS TAXABLE AND IS INCLUDED ON SCHEDULE J, PART II, COLUMN B (III) - OTHER REPORTABLE COMPENSATION. PART I, LINE 7 BONUS IS PAID BASED ON THE PERFORMANCE OF THE INDIVIDUAL AND WITHIN THE APPROVED BUDGET. BONUS WAS TAXABLE AND REPORTED ON THE INDIVIDUAL'S 2018 FORM W-2. PART III, LINE 1, CDP'S MISSION 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. FORM 990,PART III, LINE 4A, DISCLOSURE & GLOBAL INITIATIVES (CONTINUED): OVER 7,000 COMPANIES DISCLOSED TO CDP IN 2018 ACROSS OUR CLIMATE, WATER AND FORESTS PROGRAM AREAS. THEY WERE JOINED BY OVER 750 CITIES, STATES AND REGIONS. IN ADDITION TO INCREASING DISCLOSURE, CDP DROVE INCREASING ACTION AND IMPACT AS EVIDENCED BY THE 554 COMPANIES THAT HAVE SET SCIENCE BASED TARGETS AND THE 176 COMPANIES COMMITTED TO SOURCING 100% RENEWABLE ENERGY, TWO OF CDP'S GLOBAL INITIATIVES. CDP HAS OVER 525 PAYING INVESTOR SIGNATORIES WITH US$96 TRILLION IN ASSETS. INVESTOR DEMAND FOR CDP DATA LED TO CDP'S PRODUCTION OF CLIMETRICS, THE WORLD'S FIRST CLIMATE IMPACT RATING FOR INVESTOR FUNDS. IN 2018, CDP LAUNCHED A NEW INDEX CREATED BY EURONEXT THAT IS THE FIRST, GLOBALLY, TO BASE ITS SELECTION ON HOW COMPANIES PERFORM ON CLIMATE CHANGE, WATER SECURITY, AND DEFORESTATION. CPR AM, A SUBSIDIARY OF AMUNDI, ALSO PARTNERED WITH CDP TO LAUNCH A THEMATIC EQUITY FUND DEDICATED TO THE FIGHT AGAINST GLOBAL WARMING. FORM 990, PART III, LINE 4B, MEMBERSHIP PROGRAMS (CONTINUED): 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'S REPORTER SERVICES PROGRAM INCLUDE OVER 200 MEMBERSHIPS, WHO BENEFIT FROM STRATEGIC ACCOUNT MANAGEMENT AND ENHANCED DATA ACCESS THAT SUPPORT IMPROVEMENT IN THE QUALITY OF THEIR DISCLOSURE. THROUGH OUR SUPPLY CHAIN PROGRAM, OVER 115 OF THE WORLD'S LARGEST COMPANIES, WITH US$3.3 TRILLION IN PURCHASING POWER, COLLECTED DATA FROM MORE THAN 5000 OF THEIR SUPPLIERS IN 2018 - MANY OF WHOM WOULD NOT OTHERWISE DISCLOSE THEIR ENVIRONMENTAL IMPACT. FORM 990, PART III, LINE 4C, PARTNERSHIPS & EVENTS (CONTINUED): CDP-NA ORGANIZES FOUR 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. FORM 990, PART VI, SECTION A, LINE 3 BEGINNING IN 2015, THE ORGANIZATION BEGAN USING 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. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE CURRENTLY NO COMMITTEES THAT IS MADE UP OF THE BOARD MEMBERS. THE CURRENT BOARD OVERSEES ALL AREAS OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND IS THEN REVIEWED BY THE CHIEF OPERATING OFFICER AND MANAGEMENT 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 BOARD MEMBERS 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. BOARD MEMBERS 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 A BOARD MEMBER 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 FY19 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 ORGANIZATION PRESENTLY DOES NOT HAVE AN AUDIT COMMITTEE. AS SUCH, THE BOARD OF DIRECTORS ASSUME RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF CDP'S FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT BUT IS IN THE PROCESS OF FORMING AN AUDIT COMMITTEE.