CLIMATE ACTION RESERVE: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- CLIMATE ACTION RESERVE (EIN 68-0477330)
- Tax period
- 2015-07-01 to 2016-06-30
- Filed
- 2016-12-13
- IRS object ID
- 201623489349300822
- Schema version
- 2015v2.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2016-12-13T13:27:19-06:00 | ReturnTs |
| Tax Period End | 2016-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 946214841 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Armanino LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11766 Wilshire Blvd Ninth Fl | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90025 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 680477330 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Climate Action Reserve | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | CLIM | BusinessNameControlTxt |
| Phone | 2138911444 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W 5th Street No 650 | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Craig Ebert | PersonNm |
| Person Title | President | PersonTitleTxt |
| Phone | 2138911444 | PhoneNum |
| Signature | 2016-12-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Thomas Schulte | PreparerPersonNm |
| PTIN | P00637812 | PTIN |
| Phone | 3104784148 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | CRAIG EBERT | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W 5th Street No 650 | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,588,907 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| All Affiliates Included | Yes (1) | AllAffiliatesIncludedInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | www.climateactionreserve.org | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2001 | FormationYr |
| Legal Domicile State | CA | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 15 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 24 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $385,024 | PYContributionsGrantsAmt |
| CY Contributions Grants | $619,894 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $2,757,258 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $2,968,439 | CYProgramServiceRevenueAmt |
| PY Investment Income | $264 | PYInvestmentIncomeAmt |
| CY Investment Income | $421 | CYInvestmentIncomeAmt |
| PY Other Revenue | $45,418 | PYOtherRevenueAmt |
| CY Other Revenue | $153 | CYOtherRevenueAmt |
| PY Total Revenue | $3,187,964 | PYTotalRevenueAmt |
| CY Total Revenue | $3,588,907 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $2,284,696 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,009,225 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $241,314 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $954,268 | PYOtherExpensesAmt |
| CY Other Expenses | $1,144,116 | CYOtherExpensesAmt |
| PY Total Expenses | $3,238,964 | PYTotalExpensesAmt |
| CY Total Expenses | $3,153,341 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$51,000 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $435,566 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $7,314,555 | TotalAssetsBOYAmt |
| Total Assets EOY | $9,306,671 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,619,788 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $7,176,338 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $1,694,767 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $2,130,333 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | 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. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,971,570 | ExpenseAmt |
| Revenue | $2,353,908 | RevenueAmt |
| Desc | 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. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $399,793 | ExpenseAmt |
| Revenue | $571,361 | RevenueAmt |
| Desc | 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 2016 the Climate Action Reserve successfully hosted the 14th annual Navigating the American Carbon World Conference in San Diego. 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 COP21 in Paris, France, 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. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $60,475 | ExpenseAmt |
| Revenue | $43,170 | RevenueAmt |
| Desc | In FY2016 the Reserve continued to engage in international initiatives. This work has included the development of international emissions reduction standards, collaborating with partners and serving as an expert consultant for governments and others. In FY2016 the Reserve continued to pilot forestry projects in rural Mexico to test the Mexico Forest Project Protocol, and led a delegation of Chinese officials to California and Mexico to learn about forest offset projects. The Reserve also formed a partnership with the China Beijing Environment Exchange, The Climate Registry and the Innovation Center for Energy and Transportation to design and implement carbon market training programs in China. This initiative aims to equip professionals with the experience and understanding needed to create functioning carbon markets. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $2,431,838 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 24 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 15 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Gillian Calof | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2135420281 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 601 W 5th Street No 650 | AddressLine1Txt |
| City | Los Angeles | CityNm |
| State Abbreviation | CA | StateAbbreviationCd |
| ZIP | 90071 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| Linda Adams | |||||||
| Board Chair | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Peter Liu | |||||||
| VICE CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Peter M Miller | |||||||
| SECRETARY | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Jeffrey Kightlinger | |||||||
| TREASURER | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| Jan Schori | |||||||
| AUDIT COMMITTEE CHAIR | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Steve Corneli | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Cynthia Cory | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| RODOLFO LACY TAMAYO | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| JOHN LAIRD | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| MELISSA A LAVINSON | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| BETSY MOLER | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| HEAther O'Neill | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| TIM PROFETA | |||||||
| BOARD Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| DR Stephan Schwartzman | |||||||
| BOARD MEMber | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| NANcy Sutley | |||||||
| Board Member | 1.00 | Yes (X) | $0 | $0 | $0 | ||
| Gary Gero | |||||||
| Former President | 40.00 | Yes (X) | $210,389 | $0 | $39,610 | ||
| Craig Ebert | |||||||
| VP Policy / President | 40.00 | Yes (X) | $51,288 | $0 | $6,820 | ||
| Ramon Lee | |||||||
| Controller | 40.00 | Yes (X) | $95,987 | $0 | $26,989 | ||
| John Nickerson | |||||||
| Director of Forestry / VP of Forestry | 40.00 | $120,979 | $0 | $41,056 | Yes (X) | ||
| Rachel Tornek | |||||||
| Program Director / VP Program & Policy | 40.00 | $102,814 | $0 | $18,143 | Yes (X) | ||
| Gillian Calof | |||||||
| Operation Director / VP of Operation | 40.00 | $107,511 | $0 | $18,786 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $688,968 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $151,404 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (3 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| Blue Shield of California | |||||
| 120 Sansome Street | San Francisco | CA | 94105 | HEALTHCARE | $209,913 |
| LHREV One Bunker Hill LP | |||||
| 601 W 5th Street Suite 650 | Los Angeles | CA | 90071 | OFFICE RENT | $200,353 |
| Manchester Grand Hyatt Hotel | |||||
| 1 Market Pl | San Diego | CA | 92101 | EVENT FACILITIES | $170,167 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $619,894 | AllOtherContributionsAmt |
| Total Contributions | $619,894 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (4 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Contract Income | 900099 | $2,582,557 | $2,582,557 |
| Conference Registratio | 900099 | $261,119 | $261,119 |
| Fee Income | 900099 | $110,242 | $110,242 |
| Workshop Income | 611600 | $14,521 | $14,521 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $2,968,439 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $421 | TotalRevenueColumnAmt |
| Exclusion | $421 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Miscellaneous Revenue | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $153 | TotalRevenueColumnAmt |
| Exclusion | $153 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $153 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,588,907 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $2,968,439 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $574 | ExclusionAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $445,149 | TotalAmt |
| Program Services | $188,796 | ProgramServicesAmt |
| Management And General | $231,853 | ManagementAndGeneralAmt |
| Fundraising | $24,500 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,201,440 | TotalAmt |
| Program Services | $960,287 | ProgramServicesAmt |
| Management And General | $109,437 | ManagementAndGeneralAmt |
| Fundraising | $131,716 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $236,427 | TotalAmt |
| Program Services | $203,063 | ProgramServicesAmt |
| Management And General | $5,598 | ManagementAndGeneralAmt |
| Fundraising | $27,766 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,209 | TotalAmt |
| Program Services | $90,627 | ProgramServicesAmt |
| Management And General | $23,250 | ManagementAndGeneralAmt |
| Fundraising | $12,332 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $75 | TotalAmt |
| Program Services | $75 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $21,500 | TotalAmt |
| Management And General | $21,500 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $221,433 | TotalAmt |
| Program Services | $181,777 | ProgramServicesAmt |
| Management And General | $38,088 | ManagementAndGeneralAmt |
| Fundraising | $1,568 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,407 | TotalAmt |
| Program Services | $1,332 | ProgramServicesAmt |
| Fundraising | $75 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,886 | TotalAmt |
| Program Services | $66,198 | ProgramServicesAmt |
| Management And General | $4,048 | ManagementAndGeneralAmt |
| Fundraising | $9,640 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $64,378 | TotalAmt |
| Program Services | $47,061 | ProgramServicesAmt |
| Management And General | $11,529 | ManagementAndGeneralAmt |
| Fundraising | $5,788 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $178,641 | TotalAmt |
| Program Services | $128,277 | ProgramServicesAmt |
| Management And General | $32,910 | ManagementAndGeneralAmt |
| Fundraising | $17,454 | FundraisingAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $195,964 | TotalAmt |
| Program Services | $195,247 | ProgramServicesAmt |
| Management And General | $30 | ManagementAndGeneralAmt |
| Fundraising | $687 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $191,136 | TotalAmt |
| Program Services | $185,887 | ProgramServicesAmt |
| Management And General | $5,249 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,023 | TotalAmt |
| Management And General | $14,023 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $76,086 | TotalAmt |
| Program Services | $98,340 | ProgramServicesAmt |
| Management And General | -$29,688 | ManagementAndGeneralAmt |
| Fundraising | $7,434 | FundraisingAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| Equipment Rental | $47,297 | $44,493 | $660 | $2,144 |
| OTHER | $33,875 | $22,699 | $10,966 | $210 |
| Dues and Fees | $15,690 | $15,044 | $646 | |
| Bad Debt Expense | $2,725 | $2,635 | $90 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,153,341 | TotalAmt |
| Program Services | $2,431,838 | ProgramServicesAmt |
| Management And General | $480,189 | ManagementAndGeneralAmt |
| Fundraising | $241,314 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
| EOY | $100 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $597,231 | BOYAmt |
| EOY | $1,659,227 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,775 | BOYAmt |
| EOY | $54,779 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,044,880 | BOYAmt |
| EOY | $611,369 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,670 | BOYAmt |
| EOY | $82,431 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $189,262 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $170,542 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,697 | BOYAmt |
| EOY | $18,720 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,430,202 | BOYAmt |
| EOY | $6,880,045 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,314,555 | BOYAmt |
| EOY | $9,306,671 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $162,825 | BOYAmt |
| EOY | $279,604 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,163 | BOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,350,800 | BOYAmt |
| EOY | $6,896,734 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,619,788 | BOYAmt |
| EOY | $7,176,338 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,603,743 | BOYAmt |
| EOY | $1,964,212 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $91,024 | BOYAmt |
| EOY | $166,121 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,694,767 | BOYAmt |
| EOY | $2,130,333 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,314,555 | BOYAmt |
| EOY | $9,306,671 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $435,566 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,490,442 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $823,209 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $552,424 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $385,024 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $619,894 | CurrentTaxYearAmt |
| Total | $3,870,993 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,490,442 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $823,209 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $552,424 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $385,024 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $619,894 | CurrentTaxYearAmt |
| Total | $3,870,993 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,128,233 | SubstantialContributorsTotAmt |
| Public Support Total170 | $1,742,760 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,174 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $640 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $337 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $264 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $421 | CurrentTaxYearAmt |
| Total | $2,836 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $45,418 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $153 | CurrentTaxYearAmt |
| Total | $45,571 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $3,919,400 | TotalSupportAmt |
| Public Support CY170 | 0.44460 | PublicSupportCY170Pct |
| Public Support PY170 | 0.52510 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,686 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,059 | DepreciationAmt |
| Book Value | $627 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $186,576 | OtherCostOrOtherBasisAmt |
| Depreciation | $168,483 | DepreciationAmt |
| Book Value | $18,093 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $18,720 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (2 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| Security Deposits | $21,662 |
| CLIMATE RESERVE TONNES ASSET | $6,858,383 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $6,880,045 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| Climate Reserve Tonnes Liability | $6,858,383 |
| Deferred Rent | $38,351 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $6,896,734 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $3,657,308 | TotalRevEtcAuditedFinclStmtAmt |
| Donated Services And Use Fclts | $68,401 | DonatedServicesAndUseFcltsAmt |
| Revenue Not Reported | $68,401 | RevenueNotReportedAmt |
| Revenue Subtotal | $3,588,907 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $3,588,907 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $3,221,742 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $68,401 | DonatedServicesUseFcltsAmt |
| Expenses Not Reported | $68,401 | ExpensesNotReportedAmt |
| Expenses Subtotal | $3,153,341 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $3,153,341 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Part X, Line 2: | FormAndLineReferenceDesc |
| Explanation | The Organization is a nonprofit public benefit corporation organized under the laws of California and, as such, is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code ("IRC") and corresponding state provisions under California Revenue and Taxation Code Section 23701(d). The Organization's federal income tax and informational returns for tax years ended June 30, 2012, and subsequent remain subject to examination by the Internal Revenue Service. The returns for California, the Organization's only state tax jurisdiction, remain subject to examination by the California Franchise Tax Board for tax years ended June 30, 2011, and subsequent. No open tax years are currently under examination. Part X - Other Liabilities - Line (3) - Climate Reserve Tonnes Liability See audited financial statements footnote #9. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Region | Mexico | RegionTxt |
| Offices | 0 | OfficesCnt |
| Employee | 1 | EmployeeCnt |
| Type Of Activities Conducted | Program Services | TypeOfActivitiesConductedTxt |
| Specific Services Provided | Program Development | SpecificServicesProvidedTxt |
| Region Total Expenditures | $38,475 | RegionTotalExpendituresAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 1 | SubtotalEmployeesCnt |
| Continutation Total Office | 0 | ContinutationTotalOfficeCnt |
| Continutation Total Employee | 0 | ContinutationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 1 | TotalEmployeeCnt |
| Subtotal Spent | $38,475 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $38,475 | TotalSpentAmt |
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gary Gero | ||||||||||||||
| Former President | $210,389 | $0 | $0 | $0 | $0 | $0 | $18,000 | $0 | $21,610 | $0 | $249,999 | $0 | $0 | $0 |
| John Nickerson | ||||||||||||||
| Director of Forestry / VP of Forestr | $120,979 | $0 | $0 | $0 | $0 | $0 | $18,000 | $0 | $23,056 | $0 | $162,035 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 2 | In FY2016 the Climate Action Reserve drew on its experience and knowledge in carbon accounting to expand its work into the arena of assessing the climate impact of projects financed by investments. The Reserve's new program seeks to quantify the GHG emissions reduced through these investments, which is a pioneering approach intended to compliment broader rating programs. The Reserve's climate finance assessment program will initially focus on projects financed by green bonds, which are debt investments specifically touted to have environmental benefits. |
| Form 990, Part VI, Section A, line 4 | Summary of Changes to Climate Action Reserve Bylaws Article 3: Objectives and Purpose This section has been updated to include the provision of technical expertise and support to governments and others on the design and implementation of climate policies and programs, evaluation and reporting of the greenhouse gas benefits of financial investments in projects and technologies to address climate change, and to reflect a broader range of program activities related to land and natural resource management for climate mitigation and adaptation. Article 4, Section 10: Notice of Meetings This section has been updated to allow for special meetings of the Board to occur with less than 48 hours notice to the Board if electronic consent of all Directors is obtained. It also clarifies what is included and required for electronic communications. Article 4, Section 15: Action without a Meeting This section has been amended to comport with California nonprofit code to preclude the Board from acting on any matter (other than electing new Board members) if the total number of Board members in office is less than a quorum of the total authorized to serve (which is currently set at 15). Article 4, Section 21: Loans to Directors and Officers This new section has been added to make explicit that the organization may not provide loans or other financial guarantees to Directors or officers other than advances against reasonable expenses that would otherwise be entitled to be reimbursed. Article 4, Section 22: Standard of Care This new section has been added to reflect California nonprofit code and provides liability protection for Directors in performing their duties so long as their actions are undertaken in a manner that they believe to be in the best interests of the organization and as any reasonable person would in a similar situation. It provides details on the information that Directors may rely upon in making decisions consistent with California code. Article 5, Section 1: Number of Officers and Section 9: Duties of the Vice Chair These sections have been amended to add a position of Vice Chair as directed by the Board at the December 18, 2015 meeting. Article 5, Section 10: Salaries This new section has been added to specifically authorize the Board to set the salary of the President and other officers. Article 6, Section 1: Board Committees Adds three new limits on the authority of Board committees as follows: 1) precludes committees from taking actions for which California nonprofit law requires approval of the members of the organization, 2) precludes committees from expending funds to support the nomination of a Director, and 3) precludes committees from approving a transaction if any Director has a material financial interest in the transaction. Article 6, Section 4: Audit Committee This section has been amended to specify that the Board shall comply with California Government Code and appoint an Audit Committee of two or more eligible Directors if revenues, exclusive of government sources, exceed $2 million annually. Additionally, other minor technical or clarifying amendments are included. |
| Form 990, Part VI, Section B, line 11 | 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 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 via electronic mail, then reviewed by the Operations Director, and finally forwarded to the controller for processing. This deliberation process 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. |
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