Verra

Organization Overview

Verra is located in Washington, DC. The organization was established in 2015. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. As of 12/2021, Verra employed 56 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Verra is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Verra generated $40.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 44.5% each year . All expenses for the organization totaled $17.6m during the year ending 12/2021. While expenses have increased by 26.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

VERRA DEVELOPS AND MANAGES STANDARDS THAT HELP COUNTRIES, THE PRIVATE SECTOR AND CIVIL SOCIETY ACHIEVE THEIR SUSTAINABLE DEVELOPMENT AND CLIMATE ACTION GOALS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

VCS PROGRAM: THE WORLD'S MOST WIDELY USED GREENHOUSE GAS (GHG) PROGRAM, THE VCS PROGRAM CERTIFIES GHG EMISSION REDUCTION PROJECTS ACCORDING TO A RIGOROUS SET OF RULES AND REQUIREMENTS THAT ENSURE THE ENVIRONMENTAL INTEGRITY OF THOSE PROJECTS.


LANDSCALE STANDARD: LANDSCALE (LS) IS A COLLABORATIVE INITIATIVE LED BY THE CLIMATE, COMMUNITY AND BIODIVERSITY ALLIANCE, THE RAINFOREST ALLIANCE AND VERRA. THE LS IS AN EMERGING TOOL TO HELP DRIVE LANDSCAPE-SCALE SUSTAINABILITY. IT WILL PROVIDE MEASURABLE INDICATORS OF THE STATE AND TRAJECTORY OF SUSTAINABILITY AT THE LANDSCAPE LEVEL ACROSS ENVIRONMENTAL, SOCIAL, AND ECONOMIC DIMENSIONS. THIS LANDSCAPE LEVEL APPLICATION SETS THE LS APART FROM OTHER SUSTAINABILITY STANDARDS, COMPLEMENTING SUSTAINABILITY EFFORTS THAT TARGET INDIVIDUAL PRODUCTION SITES, ACTIVITIES OR SECTORS.


INNOVATIONS: DEVELOPMENT OF AGRICULTURAL INNOVATIONS, NATURE BASED INNOVATIONS AND INDUSTRIAL GHG INNOVATIONS AND OTHER INNOVATIONS TO ENABLE THE VCS AND OTHER VERRA PROGRAMS MEET EMERGING NEEDS AND OPPORTUNITIES.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Apx Environmental Markets
Design & Maintain In-house Registry Db
$3,173,489
Globalization Partners
Professional Employment Services
$2,904,328
Climate Focus Bv
Review Methodologies
$305,774
Wildlife Works Carbon Llc
Methodology Dev. Compensation
$377,145
Climate Focus
Methodology Dev. Compensation
$617,478
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,522,332
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,522,332
Total Program Service Revenue$38,956,641
Investment income $26,486
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $40,505,459

Grants Awarded

Over the last fiscal year, Verra has awarded $371,657 in support to 3 organizations.

Grant RecipientAmount

RAINFOREST ALLIANCE

Org PageRecipient Profile

New York, NY

PURPOSE: Develop Pilots in the Landscale project

$265,873

WORLD RESOURCES INSTITUTE (WRI)

Org PageRecipient Profile

Washington, DC

PURPOSE: Initiative for Climate Action Transparency (ICAT)

$95,850

CONSERVATION INTERNATIONAL

Org PageRecipient Profile

Arlington, VA

PURPOSE: Initiative for Climate Action Transparency (ICAT)

$9,934
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Verra has recieved totaling $355,143.

Awarding OrganizationAmount
Rainforest Alliance Inc

New York, NY

PURPOSE: LANDSCAPE

$337,643
Jeremy And Hannelore Grantham Environmental Trust

Boston, MA

PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT

$17,500
View Grant Recipient Profile

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