2016-01-13T09:30:54-08:00 2015-06-30 ARMANINO LLP 11766 WILSHIRE BLVD NINTH FL LOS ANGELES CA 90025 990 2014-07-01 680477330 Climate Action Reserve CLIM 2138911444 601 W 5th Street Los Angeles CA 90071 Gary Gero President 2015-12-17 true Thomas J Schulte P00637812 3104784148 2014 2016-04-25 22:37:26Z Gary Gero 601 W 5th Street 650 Los Angeles CA 90071 3187964 false false X www.climateactionreserve.org X 2001 CA The Reserve promotes the reduction of greenhouse gas emissions by pioneering credible market-based policies and solutions. It encourages action to reduce those emissions by ensuring the environmental integrity and financial benefit of emissions reduction projects. 15 15 27 15 0 552424 385024 3270909 2757258 337 264 45418 3823670 3187964 0 0 2450337 2284696 0 350280 1072541 954268 3522878 3238964 300792 -51000 7806517 7314555 6060750 5619788 1745767 1694767 The Reserve promotes the reduction of greenhouse gas emissions by pioneering credible market-based policies and solutions. It encourages action to reduce those emissions by ensuring the environmental integrity and financial benefit of emissions reduction projects. 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. false false 1842590 1844016 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. The Climate Action Reserves GHG emissions reduction project protocols provide regulatory-quality for project development and some for specific project types have been either adopted or adapted by regulatory agencies such as the California Air Resources Board. The protocols provide for the quantification of carbon offset credits, known as climate reserve tonnes (CRTs). Protocols are developed through a rigorous, transparent process that involves participation from stakeholders representing sectors such as industry, government, science, academic, and the environmental NGO community. The protocols are widely regarded as among the highest quality standards for carbon reduction projects. Adherence to the Climate Action Reserves standards ensures that emissions reductions associated with projects are real, permanent and additional. The Climate Action Reserve only registers projects that have been independently verified as adhering to its project protocols. It also assigns unique serial numbers to all generated carbon credits to prevent the possibility of double counting and to assure buyers that when a CRT has been retired that it cannot be sold or transferred again and has created a real and permanent offset. All project information is made publicly available through the Climate Action Reserve system. 256744 668766 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 2015 the Climate Action Reserve successfully hosted the 13th annual Navigating the American Carbon World Conference in Los Angeles. Over 600 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 COP20 in Lima, Peru, 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. 138512 244476 In FY 2015 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 2015 the Reserve continued to provide technical support to the government of Kazakhstan to support the development of its emission trading program with reliable and trusted offset provisions; piloted forestry projects in rural Mexico to test the Mexico Forest Project Protocol; traveled to China to introduce carbon accounting, monitoring and reporting protocols at an international workshop in Beijing; traveled to Korea to present at an Emissions Trading Scheme Symposium; and adapted its Ozone Depleting Substances Project Protocol for use in Mexico. 2237846 true true false false false false false false false false true false false false true true true false false true true false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false true 10 0 true 27 true false false false false false false true true false 0 false false false false false false false false false false X 15 15 false false false false false false false true true false false true true true true true true true true false CA X X X Gillian Calof 2135420281 601 W 5th Street 650 Los Angeles CA 90071 Linda Adams Board Chair 1.00 0.00 X X 0 0 0 Peter Miller Board Secretary 1.00 0.00 X X 0 0 0 Jeffrey Kightlinger Board Treasurer 1.00 0.00 X X 0 0 0 Tim Profeta Committee Chair 1.00 0.00 X 0 0 0 Jan Schori Committee Chair 1.00 0.00 X 0 0 0 Steve Corneli Board Member 1.00 0.00 X 0 0 0 Cynthia Cory Board Member 1.00 0.00 X 0 0 0 Rodolfo Lacy Tamayo Board Member 1.00 0.00 X 0 0 0 John Laird Board Member 1.00 0.00 X 0 0 0 Melissa A Lavinson Board Member 1.00 0.00 X 0 0 0 Peter Liu Board Member 1.00 0.00 X 0 0 0 Betsy Moler Board Member 1.00 0.00 X 0 0 0 Heather O'Neill Board Member 1.00 0.00 X 0 0 0 Dr Stephan Schwartzman Board Member 1.00 0.00 X 0 0 0 Nancy Sutley Board Member 1.00 0.00 X 0 0 0 Gary Gero PRESIDENT 40.00 0.00 X 195640 0 27661 Ramon Lee Controller 40.00 0.00 X 90259 0 20880 Hendrick Broekhoff VP Policy 40.00 0.00 X 140790 0 1321 Joel Levin VP Business Dev 40.00 0.00 X 130942 0 19748 John Nickerson Forestry Director 40.00 0.00 X 110872 0 30777 Katharine Young General Counsel 40.00 0.00 X 107958 0 8769 Jennifer L Weiss Communications Dir 40.00 0.00 X 104957 0 21411 881418 130567 7 false true false Blue Shield of California PO Box 3008 Lodi CA 95241 Healthcare 289855 Downtown Properties IV LLC 601 W 5th Street Los Angeles CA 90017 Rent 220442 2 385024 385024 Conference Registration 900099 287076 287076 Contract Income 900099 2422617 2422617 Study Trips 611600 33690 33690 Workshop Income 611600 13875 13875 2757258 264 264 0 0 42523 42523 42523 42523 0 0 0 0 Miscellaneous 900099 2895 2895 2895 3187964 2757258 45682 0 0 0 0 328107 155678 158215 14214 0 1448995 1054887 184385 209723 0 366411 263875 51140 51396 141183 97114 25934 18135 0 1895 1895 11278 11278 0 0 0 155355 153855 1500 4429 4374 55 71110 31488 30163 9459 22710 5478 6208 11024 0 228031 156854 41887 29290 101220 94383 1353 5484 0 131768 131084 684 0 0 16155 16155 81570 1169 80401 Maintenance 55106 41821 13285 Equipment Rental 35229 27859 7370 Miscellaneous 19542 1569 17973 Dues and Fees 14356 9949 4407 4514 4514 3238964 2237846 650838 350280 100 100 627176 597231 152775 1274181 1044880 0 0 0 0 5874576 5424470 179833 164136 30484 15697 0 0 0 0 79402 7806517 7314555 61637 162825 81352 106163 5917761 5350800 6060750 5619788 X 1557943 1603743 187824 91024 1745767 1694767 7806517 7314555 -51000 X false true X true false X 888184 1490442 823209 552424 385024 4139283 0 0 888184 1490442 823209 552424 385024 4139283 1939716 2199567 1461 1174 640 337 264 3876 0 45418 45418 4188577 13217283 0.52510 0.61060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2686 1522 1164 177147 162614 14533 15697 Buffer Pool - See Part XIII 5350800 5350800 X 3239949 51985 51985 3187964 3187964 3290949 51985 51985 3238964 3238964 Part X : FIN48 Footnote 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 23710(d). The Organizations 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 Organizations 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 Action Reserve Buffer Pool Liability.See audited financial statements footnote #9. China 0 1 Program Services Technical Expert 7871 Kazakhstan 0 1 Program Services Technical Expert 14158 Korea 0 1 Program Services Technical Expert 747 Mexico 0 1 Program Services Program Development 27487 4 4 50263 50263 false false false false false false X X X true false false false false false false false false false Gary Gero PRESIDENT 195640 27661 223301 Joel Levin VP Business Dev 130942 19748 150690 Form 990, Part VI, Line 11b: Form 990 Review Process 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, Line 12c: Explanation of Monitoring and Enforcement of Conflicts 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management 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 990s 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. These deliberation process and decisions made are also recorded in the corporate minutes. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available 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.