Climate Action Reserve

Organization Overview

Climate Action Reserve is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 06/2022, Climate Action Reserve employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Climate Action Reserve 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 06/2022, Climate Action Reserve generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.4% each year. All expenses for the organization totaled $4.8m during the year ending 06/2022. While expenses have increased by 6.2% 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO DEVELOP, PROMOTE & SUPPORT INNOVATIVE, CREDIBLE MARKET-BASED CLIMATE CHANGE SOLUTIONS (SCH O) 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE CLIMATE ACTION RESERVE IS THE MOST TRUSTED, EFFICIENT, AND EXPERIENCED OFFSET REGISTRY FOR GLOBAL CARBON MARKETS. A PIONEER IN CARBON ACCOUNTING, THE RESERVE PROMOTES AND FOSTERS THE REDUCTION OF GREENHOUSE GAS (GHG) EMISSIONS THROUGH CREDIBLE MARKET-BASED POLICIES AND SOLUTIONS. AS A HIGH QUALITY OFFSET REGISTRY FOR VOLUNTARY CARBON MARKETS, IT ESTABLISHES RIGOROUS STANDARDS AND ISSUES CARBON CREDITS UNDER THOSE STANDARDS. THE RESERVE ALSO SUPPORTS COMPLIANCE CARBON MARKETS AND SERVES AS AN APPROVED OFFSET PROJECT REGISTRY FOR THE STATE OF CALIFORNIA'S CAP-AND-TRADE PROGRAM. THE RESERVE IS AN ENVIRONMENTAL NONPROFIT ORGANIZATION HEADQUARTERED IN LOS ANGELES, CALIFORNIA WITH SATELLITE OFFICES AROUND THE WORLD. FOR MORE INFORMATION, PLEASE VISIT WWW.CLIMATEACTIONRESERVE.ORG.


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 2022 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.


IN FY2022 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 FY2022 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.


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Board, Officers & Key Employees

Name (title)Compensation
Craig Ebert
President
$206,488
Jennifer Weiss
VP Of Communications
$125,682
Ramon Lee
Controller
$101,511
Peter M Miller
Board Secretary
$0
Jeffrey Kightlinger
Board Treasurer
$0
Linda Adams
Board Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Dogwood Springs Forestry
Direct Services Contractor (Forestry)
$119,985
Dogwood Springs Forestry
Direct Services Contractor (Forestry)
$119,985
The Climate Registry (Tcr)
Annual Cop: 25 Sharing Partner
$105,389
The Climate Registry (Tcr)
Annual Cop: 25 Sharing Partner
$105,389
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$123,597
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$123,597
Total Program Service Revenue$4,406,500
Investment income $662
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 $4,530,759

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Climate Action Reserve has recieved totaling $420,105.

Awarding OrganizationAmount
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR SUPPORTING SUB-NATIONAL DELEGATION AT COP 26

$150,000
United States Energy Foundation

San Francisco, CA

PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE.

$135,000
William & Flora Hewlett Foundation

Menlo Park, CA

PURPOSE: FOR SUPPORTING SUB-NATIONAL DELEGATION AT COP 26

$100,000
United Nations Foundation Inc

Washington, DC

PURPOSE: UN STRNGTHNG

$24,999
Edison Electric Institute

Washington, DC

PURPOSE: CONTRIBUTION/PROGRAM SUPPORT

$10,000
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$106
View Grant Recipient Profile

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