C40 Cities Climate Leadership Group Inc
- Assets
- $35.0m
- Revenue
- $45.2m
- Investments
- $0.0
- Employees
- 39
- Location
- New York, NY
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 90-0634376
Organization Overview
C40 Cities Climate Leadership Group Inc is located in New York, NY. The organization was established in 2013. According to its NTEE Classification (C02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Environment and related organizations. As of 12/2021, C40 Cities Climate Leadership Group Inc employed 39 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C40 Cities Climate Leadership Group Inc 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, C40 Cities Climate Leadership Group Inc generated $45.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $34.0m during the year ending 12/2021. While expenses have increased by 14.7% 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.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE.
Describe the Organization's Program Activity:
C40 EXPANDED ITS MEMBERSHIP TO 96 CITIES AND MAINTAINED ITS EQUAL REPRESENTATION BETWEEN GLOBAL NORTH AND GLOBAL SOUTH CITIES. C40 FOCUSED ON ITS STRATEGIC GOALS OF: ENGAGING MAYORAL LEADERSHIP; SUPPORTING CITIES TO PREPARE ROBUST INVENTORIES, TARGETS AND PLANS; ACCELERATING CLIMATE ACTION THROUGH PEER-TO-PEER EXCHANGE AND DIRECT SUPPORT; REMOVING BARRIERS TO CITY CLIMATE ACTION; AND PROVIDING GLOBAL THOUGHT LEADERSHIP, AGENDA-SETTING COMMUNICATIONS AND WORLD CLASS EVENTS. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Watts Executive Director | Officer | 40 | $243,389 |
Kevin Austin Deputy Executive Director | Officer | 40 | $210,131 |
Hastings Chikoko Regional Director Of Africa | 40 | $173,628 | |
David Miller Dir. Of Intl. Diplomacy | 40 | $162,069 | |
Josh Alpert Dir. Of Special Projects | 40 | $134,816 | |
Juliette Carter Director Of Corporate Serv | Officer | 32 | $127,745 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mott Macdonald Singapore Engineering, Management, Development | 12/30/21 | $314,710 |
Sustainable Energy Africa Npc Energy, Environmental | 12/30/21 | $338,628 |
Idom Consultancy, Engineering | 12/30/21 | $307,856 |
Sweco Nederland Bv Consultancy, Engineering | 12/30/21 | $314,852 |
Safeguard World International Payroll & Employment | 12/30/21 | $630,096 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $8,261,573 |
| All other contributions, gifts, grants, and similar amounts not included above | $36,461,913 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,723,486 |
| Total Program Service Revenue | $3,368 |
| Investment income | $4,898 |
| 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 | $45,171,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $210,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $63,750 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $616,140 |
| Compensation of current officers, directors, key employees. | $369,684 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,117,072 |
| Pension plan accruals and contributions | $622,996 |
| Other employee benefits | $1,009,204 |
| Payroll taxes | $1,974,366 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $449,463 |
| Fees for services: Accounting | $140,938 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,857,751 |
| Advertising and promotion | $0 |
| Office expenses | $93,366 |
| Information technology | $815,550 |
| Royalties | $0 |
| Occupancy | $199,800 |
| Travel | $319,332 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,289 |
| Insurance | $221,695 |
| All other expenses | $0 |
| Total functional expenses | $33,981,598 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,131,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,015,615 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $861,090 |
| Net Land, buildings, and equipment | $22,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,030,897 |
| Accounts payable and accrued expenses | $2,795,346 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,795,346 |
| Net assets without donor restrictions | $18,036,920 |
| Net assets with donor restrictions | $14,198,631 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $35,030,897 |
Grants Awarded
Over the last fiscal year, C40 Cities Climate Leadership Group Inc has awarded $200,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ADDITONAL INVESTMENT INTO A SPECIAL REPORT FOR COP26 THAT FOCUSES ON SOLUTIONS TO THREE MAJOR ISSUES COUNTRIES ARE CURRENTLY GRAPPLING WITH: ECONOMIC RECOVERY FROM COVID-19, INEQUALITY, AND THE CLIMATE CRISIS | $190,000 |
CLARITY MOVEMENT CO PURPOSE: FUNDING THE INSTALLATION OF CLARITY AIR MONITORS AT PUBLIC LIBRARIES IN THE CITY OF LOS ANGELES | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that C40 Cities Climate Leadership Group Inc has recieved totaling $16,305,686.
| Awarding Organization | Amount |
|---|---|
Bloomberg Family Foundation Inc New York, NY PURPOSE: TO COMBAT CLIMATE CHANGE GLOBALLY | $10,730,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO PROVIDE GENERAL SUPPORT | $2,336,000 |
Foundation To Promote Open Society New York, NY PURPOSE: TO SUPPORT THE GRANTEE'S WORK TO BUILD PUBLIC SUPPORT IN CITIES FOR THE TRANSFORMATIONAL CHANGE REQUIRED TO PREVENT CLIMATE BREAKDOWN BY DEMONSTRATING LOCALLY THAT A CLEAN ECONOMY CAN DELIVER A MORE PROSPEROUS AND EQUITABLE SOCIETY | $1,600,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR CHINESE MAYORS AT THE FOREFRONT OF GLOBAL CLIMATE ACTION | $500,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR THE EV TRANSITION PROJECT | $375,000 |
Climateworks Foundation San Francisco, CA PURPOSE: PROJECT SUPPORT | $300,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
C40 Cities Climate Leadership Group Inc New York, NY | $35,030,897 | $45,171,282 |
Genesee Valley Conservancy Inc Geneseo, NY | $4,932,838 | $11,049,050 |
Wholesome Wave Inc Bridgeport, CT | $1,309,591 | $3,012,524 |
Urban Green Council New York, NY | $893,272 | $2,517,667 |
Compact Of Cape Cod Conservation Trusts Inc Barnstable, MA | $1,290,117 | $1,433,433 |
New York Water Environment Association Inc Syracuse, NY | $2,494,072 | $1,036,674 |
Climate Action Systems Inc Cambridge, MA | $258,711 | $94 |
Edward Street Day Care Center Inc Worcester, MA | $2,623,767 | $755,268 |
Onondaga Environmental Institute Inc Syracuse, NY | $238,896 | $590,427 |
Community Science Institute Inc Ithaca, NY | $100,245 | $369,625 |
Closed Loop Foundation New York, NY | $456,206 | $0 |
Paul F Brandwein Institute Inc Port Jervis, NY | $668,193 | $154,598 |