Oregon Climate Trust
- Assets
- $32.3m
- Revenue
- $14.7m
- Investments
- $0.0
- Employees
- 9
- Location
- Portland, OR
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 91-1829325
Organization Overview
Oregon Climate Trust is located in Portland, OR. The organization was established in 1997. 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, Oregon Climate Trust employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Climate Trust 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, Oregon Climate Trust generated $14.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.1% each year . All expenses for the organization totaled $9.4m during the year ending 12/2021. While expenses have increased by 7.7% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE CLIMATE TRUST COMBATS CLIMATE CHANGE BY FUNDING AND MANAGING PROJECTS THAT REDUCE GREENHOUSE GAS EMISSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CARBON OFFSET PROGRAM RECEIVES FUNDS FROM THE MANAGEMENT OF PROGRAMS AND THE SALE OF VOLUNTARY AND COMPLIANCE OFFSETS TO THIRD-PARTY BUYERS. IMPLEMENTS, FINANCES, MONITORS AND ADMINISTERS CONTRACTS WITH THIRD PARTIES FROM PROJECT ACTIONS THAT PRODUCE MEASURABLE AND VERIFIABLE GREENHOUSE GAS REDUCTIONS "CARBON OFFSETS". CARBON OFFSET CONTRACTS ARE AWARDED TO OTHER ENTITIES IN ACCORDANCE WITH THE ORGANIZATION'S MISSION.THE ORGANIZATION'S TRACK RECORD IS BASED ON OVER TWO DECADES OF EXPERIENCE MANAGING CARBON OFFSET PROJECTS. THE ORGANIZATION INVESTS AND ENGAGES IN THE EARLY STAGES OF PROJECT DEVELOPMENT, WHEN OWNERS ARE SEEKING TO REDUCE RISK AND NEED OPERATIONAL EXPERTISE TO ENSURE THEIR CARBON PROJECTS ARE SUCCESSFUL. THE ORGANIZATION'S CARBON OFFSET PROJECT DEVELOPMENT EXPERTISE AND SUPPORT FOR CLIMATE MITIGATION POLICIES HAS ENCOURAGED MISSION-ALIGNED PARTNERS TO ENTER THE CARBON MARKETS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristen Kleiman Chief Investment Officer | Officer | 40 | $268,177 |
Karen Ward Chief Financial Officer | Officer | 40 | $209,009 |
Julius Pasay Executive Director | Officer | 40 | $164,319 |
Kyler Sherry Senior Program Manager | 40 | $118,177 | |
Sheldon Zakreski Executive Director (prior) | Officer | 40 | $102,528 |
Brad Hunter Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blue Source Llc Offset Purchases | 12/30/21 | $1,786,080 |
Hillsborough County Board Of Commissione Offset Purchases | 12/30/21 | $508,428 |
Port Blakely Tree Farms Lp Offset Purchases | 12/30/21 | $1,782,153 |
Elements Markets Emissions Llc Offset Purchases | 12/30/21 | $417,337 |
Down East Lakes Land Trust Offset Purchases | 12/30/21 | $309,234 |
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 | $24,392 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,392 |
| Total Program Service Revenue | $13,942,433 |
| Investment income | $404,194 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $341,129 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,712,148 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $793,800 |
| Compensation of current officers, directors, key employees. | $267,696 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,600 |
| Pension plan accruals and contributions | $24,986 |
| Other employee benefits | $170,787 |
| Payroll taxes | $63,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $22,196 |
| Fees for services: Accounting | $95,852 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $48,000 |
| Fees for services: Other | $237,475 |
| Advertising and promotion | $0 |
| Office expenses | $66,139 |
| Information technology | $21,742 |
| Royalties | $0 |
| Occupancy | $45,393 |
| Travel | $24,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,735 |
| Interest | $30,390 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,859 |
| All other expenses | $7,489,640 |
| Total functional expenses | $9,369,928 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,336,397 |
| Savings and temporary cash investments | $4,119,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,857,198 |
| Prepaid expenses and deferred charges | $939,437 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,866,108 |
| Investments—other securities | $0 |
| Investments—program-related | $6,851,046 |
| Intangible assets | $0 |
| Other assets | $304,881 |
| Total assets | $32,274,539 |
| Accounts payable and accrued expenses | $277,815 |
| Grants payable | $0 |
| Deferred revenue | $12,849,012 |
| 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 | $1,989,761 |
| Other liabilities | $0 |
| Total liabilities | $15,116,588 |
| Net assets without donor restrictions | $17,157,951 |
| Net assets with donor restrictions | $0 |
| 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 | $32,274,539 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Oregon Climate Trust has recieved totaling $350.
| Awarding Organization | Amount |
|---|---|
S B Schaar And P K Whelpton Foundation Bellevue, WA PURPOSE: CONTRIBUTION TO BE USED FOR CHARITABLE PURPOSES | $350 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bonneville Environmental Foundation Portland, OR | $37,270,230 | $22,287,565 |
Heat And Frost Insulators And Allied Work Hlth And Welf Trst Fnd West Covina, CA | $22,035,506 | $17,164,369 |
Valley Water Management Company Bakersfield, CA | $39,706,744 | $18,737,791 |
Oregon Climate Trust Portland, OR | $32,274,539 | $14,712,148 |
Northwest Insulation Workers Welfare Trust Seattle, WA | $27,184,053 | $9,687,519 |
Valley Can Sacramento, CA | $1,279,199 | $6,833,414 |
Southern California Mountains Foundation San Bernardino, CA | $4,368,064 | $6,209,639 |
Nature And Culture International Del Mar, CA | $9,466,383 | $7,280,421 |
Ertv Compliance Group Seattle, WA | $560,337 | $3,284,269 |
Seventh Generation Advisors Santa Monica, CA | $10,066,340 | $3,860,775 |
Environmental Research Center Inc San Diego, CA | $11,028,825 | $2,712,741 |
Sustainable Connections Bellingham, WA | $2,209,817 | $2,419,426 |