2018-12-20T16:02:23-06:00 2018-06-30 946214841 ARMANINO LLP 11766 WILSHIRE BLVD NINTH FL LOS ANGELES CA 90025 990 2017-07-01 680477330 CLIMATE ACTION RESERVE CLIM 2138911444 818 WEST 7TH STREET NO 710 LOS ANGELES CA 90017 CRAIG EBERT PRESIDENT 2138911444 2018-12-14 1 RENEE ORDENEAUX P00733066 3104784148 38.111.205.16 2018-12-14 15:57:31 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 1BF88008A19D766D41DA0E3F00E89E8C5C027F9E 2017 2019-02-21 02:37:17Z X CRAIG EBERT 818 WEST 7TH STREET NO 710 LOS ANGELES CA 90017 4099182 0 X WWW.CLIMATEACTIONRESERVE.ORG X 2001 CA 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 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 AND SIX RESERVE OFFSET PROTOCOLS HAVE BEEN ADOPTED BY ARB FOR USE IN THE COMPLIANCE OFFSET SYSTEM UNDER THE CAP-AND-TRADE PROGRAM. 16 16 28 17 0 0 485548 546001 3682362 3546590 842 1712 1903 4879 4170655 4099182 0 0 0 0 2377986 2392499 0 0 468702 1183578 2119589 3561564 4512088 609091 -412906 4453547 4224995 1714123 1898477 2739424 2326518 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 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 AND SIX RESERVE OFFSET PROTOCOLS HAVE BEEN ADOPTED BY ARB FOR USE IN THE COMPLIANCE OFFSET SYSTEM UNDER THE CAP-AND-TRADE PROGRAM. 0 0 2110729 2560077 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 AND VALUED COMMODITY. 758673 824595 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 2018 THE CLIMATE ACTION RESERVE SUCCESSFULLY HOSTED THE 16TH ANNUAL NAVIGATING THE AMERICAN CARBON WORLD CONFERENCE IN SAN FRANCISCO. 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 COP23 IN BONN, GERMANY, THAT ALLOWED THE INTERNATIONAL CLIMATE COMMUNITY TO GAIN A DEEPER UNDERSTANDING OF THE PIONEERING INITIATIVES IN CALIFORNIA AND OTHER SUBNATIONAL AND NATIONAL GOVERNMENTS. THE CLIMATE ACTION RESERVE ALSO REGULARLY HOSTS WORKSHOPS, PRESENTATIONS AND SEMINARS ON A VARIETY OF CLIMATE POLICY TOPICS INCLUDING CARBON MARKETS. 178846 161918 IN FY2018 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 FY2018 THE RESERVE CONTINUED TO PILOT FORESTRY PROJECTS IN RURAL MEXICO TO TEST THE MEXICO FOREST PROJECT PROTOCOL, INCLUDING THE DEVELOPMENT OF ITS VERIFICATION PROGRAM AND TRAINING VERIFIERS. CREDITS FOR THE FIRST MEXICO FOREST PROJECT WERE ISSUED IN FY2018. 3048248 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 7 0 1 28 1 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X GILLIAN CALOF 2135420281 818 WEST 7TH STREET NO 710 LOS ANGELES CA 90017 LINDA ADAMS BOARD CHAIR 1.00 X X 0 0 0 PETER LIU VICE CHAIR 1.00 X X 0 0 0 PETER M MILLER SECRETARY 1.00 X X 0 0 0 JEFFREY KIGHTLINGER TREASURER 1.00 X X 0 0 0 JAN SCHORI AUDIT COMMITTEE CHAIR 1.00 X 0 0 0 STEVE CORNELI BOARD MEMBER 1.00 X 0 0 0 CYNTHIA CORY BOARD MEMBER 1.00 X 0 0 0 GARY GERO BOARD MEMBER 1.00 X 0 0 0 RODOLFO LACY TAMAYO BOARD MEMBER 1.00 X 0 0 0 JOHN LAIRD BOARD MEMBER 1.00 X 0 0 0 MELISSA A LAVINSON BOARD MEMBER 1.00 X 0 0 0 BETSY MOLER BOARD MEMBER 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 NANCY SUTLEY BOARD MEMBER 1.00 X 0 0 0 CRAIG EBERT PRESIDENT 40.00 X 190274 0 30387 RAMON LEE CONTROLLER 40.00 X 106881 0 24765 JENNIFER WEISS VP OF COMMUNICATION 40.00 X 119242 0 20602 JOHN NICKERSON VP OF FORESTRY 40.00 X 126556 0 25085 GILLIAN CALOF VP OF OPERATIONS 40.00 X 143573 0 20999 686526 0 121838 5 0 1 0 THE CLIMATE REGISTRY 600 WILSHIRE BOULEVARD SUITE 970 LOS ANGELES CA 90017 JOINT DELEGATION TO COP23 IN BONN GERMAN 112184 1 546001 546001 REGISTRY INCOME 900099 2616875 2616875 FEE INCOME 611600 339500 339500 CONTRACT INCOME 900099 316735 316735 CONF REGISTRATION 900099 262095 262095 WORKSHOP INCOME 900099 11385 11385 3546590 1712 1712 MISCELLANEOUS REVENUE 900099 4879 4879 4879 4099182 3546590 0 6591 306283 53270 164818 88195 1539306 924875 423185 191246 12850 12850 386047 198562 127088 60397 148013 78445 47157 22411 23423 1771 21652 31449 31449 384287 355544 250 28493 3027 2521 506 102566 60181 24004 18381 100206 86352 13479 375 255755 135548 81483 38724 267454 259329 3960 4165 225922 224272 1650 15839 15839 83020 44000 26450 12570 REGISTRY FEE 512490 512490 EQUIPMENT RENTAL 59435 58862 573 OTHER EXPENSES 34907 28877 5790 240 MAINTENANCE 19809 10499 6311 2999 4512088 3048248 995138 468702 100 100 1474715 1290356 139558 55071 1223139 1093293 86215 126298 134384 92529 23186 41855 1506634 1618022 4453547 4224995 223492 227760 1490631 1670717 1714123 1898477 X 2636458 2137055 102966 189463 2739424 2326518 4453547 4224995 -412906 0 X X 0 1 X 1 0 X 552424 385024 619894 485548 546001 2588891 3270909 2757258 2968439 3682362 3546590 16225558 3823333 3142282 3588333 4167910 4092591 18814449 0 1101967 1027179 1033664 1588046 1386939 6137795 1101967 1027179 1033664 1588046 1386939 6137795 12676654 337 264 421 842 1712 3576 337 264 421 842 1712 3576 45418 153 1903 4879 52353 3823670 3187964 3588907 4170655 4099182 18870378 0.67180 0.69040 0.00020 0.00010 X 134384 92529 41855 41855 SECURITY DEPOSITS 20914 CLIMATE RESERVE TONNES FOREST BUFFER POOL ASSET 1597108 1618022 CLIMATE RESERVE TONNES FOREST BUFFER POOL LIABILITY 1597108 DEFERRED RENT 73609 1670717 3608301 21609 -512490 -490881 4099182 0 4099182 4021207 21609 -512490 -490881 4512088 0 4512088 PART XI, LINE 2D - OTHER ADJUSTMENTS: REGISTRY FEE -512,490. PART XII, LINE 2D - OTHER ADJUSTMENTS: REGISTRY FEE -512,490. FORM 990, SCH D, PARTS IX AND X, LINE 2 IN CONJUNCTION WITH ISSUING CLIMATE RESERVE TONNES (CRTS) TO FOREST PROJECT DEVELOPERS, THE ORGANIZATION RETAINS A PERCENTAGE OF THESE CRTS FOR ITS BUFFER POOL. THESE NONCASH TRANSACTIONS ARE RECORDED AS AN ASSET AND LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. AT JUNE 30, 2018, THE ORGANIZATION HELD 182,961 CRTS, WHICH WERE VALUED AT FAIR VALUE AMONG THREE CATEGORIES OF PRICE INPUTS AVAILABLE. MEXICO 0 1 PROGRAM SERVICES INTERNATIONAL INITIATIVES 40546 CANADA 0 5 PROGRAM SERVICES INTERNATIONAL INITIATIVES 108232 0 6 0 0 0 6 148778 0 148778 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 CRAIG EBERT PRESIDENT 190274 0 0 0 0 0 0 0 30387 0 220661 0 0 0 JOHN NICKERSON VP OF FORESTRY 126556 0 0 0 0 0 0 0 25085 0 151641 0 0 0 GILLIAN CALOF VP OF OPERATIONS 143573 0 0 0 0 0 0 0 20999 0 164572 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.