NonprofitsClimate Action Reserve

Environment

Climate Action Reserve

LOS ANGELES, CA

Total revenue

$5.3M

Total expenses

$5.6M

Net assets

$3.1M

Grants received

$118K

13 grants

EIN

680477330

Tax year

2023

Mission

To develop, promote & support innovative, credible market-based climate (con't on schedule o)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. Four reserve offset protocols have been adopted and two others adapted by arb for use in the compliance offset system under the cap-and-trade program.

Programs

2 programs

The north american carbon world (nacw) conference represents the largest north american event addressing the most pressing issues in climate policy and carbon pricing and features comprehensive and up-to-date information, key thought leaders advancing innovative climate solutions, and the best networking opportunities with colleagues in the business, government, nonprofit, and academic sectors. Nacw 2024 explored subnational and international climate policy, carbon pricing, climate finance, lcfs and robust climate solutions. For all of these reasons and more, nacw has long been considered the must-attend event of the year for climate policy and carbon pricing.

Expenses: $606K

In fy2024, 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 fy2023, the reserve continued to accept forestry projects in rural mexico to grow its mexico forest project protocol, including the development of its verification program and training verifiers. The reserve also continued to accept projects under relevant offset protocols in canada.

Expenses: $113K

Financials

FY 2023

Revenue

Contributions & grants$107K
Program service revenue$5.1M
Investment income$99K
Other revenue$15K
Total revenue$5.3M

Expenses

Grants paid
Salaries & benefits$3.2M
Fundraising$7K
Other expenses$2.4M
Total expenses$5.6M
Total assets$31.5M
Net assets$3.1M

People

18 listed

NameRoleCompensation

CRAIG EBERT

PRESIDENT

Board

$263K

36 hrs/wk

RAMON LEE

CHIEF FINANCIAL CONTROLLER

Board

$149K

36 hrs/wk

CHRISTOPHER LEE

DIR. OF OPERATIONS

Board

$133K

36 hrs/wk

TIM PROFETA

BOARD MEMBER

Board

1 hrs/wk

LINDA ADAMS

BOARD CHAIR

Board

1 hrs/wk

KATIE SULLIVAN

BOARD MEMBER

Board

1 hrs/wk

PETER M MILLER

SECRETARY

Board

1 hrs/wk

JAN SCHORI

AUDIT COMMITTEE CHAIR

Board

1 hrs/wk

STEVE CORNELI

NOMINATING COMMITTEE CHAIR

Board

1 hrs/wk

TEVEIA BARNES

BOARD MEMBER

Board

1 hrs/wk

PETER LIU

BOARD MEMBER

Board

1 hrs/wk

HEATHER O'NEILL

BOARD MEMBER

Board

1 hrs/wk

EDUARDO PIQUERO

BOARD MEMBER

Board

1 hrs/wk

JENNIFER WEISS

VP OF COMMUNICATIONS

Staff

$179K

36 hrs/wk

KRISTEN GORGUINPOUR

VP OF PROGRAMS

Staff

$175K

36 hrs/wk

AMY PORTILLO-KESSLER

DIRECTOR OF LATIN AMERICA

Staff

$140K

36 hrs/wk

JONATHAN REMUCAL

DIR. OF NATURE BASED SOLUTIONS

Staff

$123K

36 hrs/wk

RHEY LEE

SNR. COMMUMICATIONS MGR

Staff

$108K

36 hrs/wk

Independent contractors

HILTON HOTEL

FACILITIES AND CATERING PROVIDER

$531K

GLOBALIZATION PARTNERS

CONSULTING

$191K

DOGWOOD SPRINGS FORESTRY

CONSULTING

$103K

Grants received

Showing 13 of 13

FromAmountPurposeYear
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$1K
TO BENEFIT CLIMATE CHANGE
2022
$25K
UN STRNGTHNG
2021
$21K
GENERAL SUPPORT
2021
$20K
TO PROVIDE GENERAL SUPPORT.
2020
$10K
TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE.
2020
$1K
TO BENEFIT CLIMATE CHANGE
2020
$10K
For grant recipient's exempt purposes
2019
$4K
COP25 SPONSORSHIP
2019
$1K
TO BENEFIT CLIMATE CHANGE
2019

Funded by

$118K from 11 funders · 13 grants · 2019–2023

United Nations Foundation Inc

$25K · 1 grant · 2021

Georgetown University

$21K · 1 grant · 2021

Seattle Foundation

$20K · 1 grant · 2020

United States Energy Foundation

$10K · 1 grant · 2020

Details

EIN680477330
NTEE codeC35
Subsection03
Ruling date2001-11
Formed2001
Employees22
Volunteers10
CLIMATE ACTION RESERVE — Mission, Financials & Grants Received | Grantivo