2024-10-14T17:36:34-05:00 2023-11-30 390859910 BAKER TILLY ADVISORY GROUP LP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2022-12-01 854211960 CLIMATE VAULT CLIM 8448285848 5757 S UNIVERSITY AVE CHICAGO IL 60637 ERIN TRAPP EXECUTIVE DIRECTOR 8448285848 2024-10-10 1 0 BRIAN YACKER P00401346 9492222999 2024-10-10 2022 2024-10-15 13:58:12Z JASON M GRANT 5757 S UNIVERSITY AVE CHICAGO IL 60637 6696937 0 X CLIMATEVAULT.ORG X 2020 DE TO LOWER THE CONCENTRATION OF GREENHOUSE GASES IN THE ATMOSPHERE TO SLOW, AND EVEN REVERSE, THE EFFECTS OF CLIMATE CHANGE. 7 6 21 6 0 0 5293047 5882478 0 0 0 155418 0 0 5293047 6037896 0 0 0 0 1585858 1468128 0 0 2094463 2328570 1813871 3914428 3281999 1378619 2755897 9733950 14423088 3609353 5043705 6124597 9379383 TO LOWER THE CONCENTRATION OF GREENHOUSE GASES IN THE ATMOSPHERE TO SLOW, AND EVEN REVERSE, THE EFFECTS OF CLIMATE CHANGE. 0 0 400224 REDUCE # OF CARBON ALLOWANCES AVAILABLE FOR CO2 EMITTERS IN ORDER TO ULTIMATELY REDUCE THE CO2 BEING EMITTED IN THE ATMOSPHERE.THE PROGRAM INVOLVES THE PURCHASE OF OFFSET ALLOWANCES, WHICH ARE CAPITALIZED AS PROGRAM RELATED INVESTMENTS, WHICH REDUCES FUTURE CARBON DIOXIDE EMISSIONS BY "VAULTING" THEM. THIS PREVENTS CARBON-EMITTING-COMPANIES FROM PURCHASING THOSE SAME ALLOWANCES AND CAPPING FUTURE CARBON DIOXIDE EMISSIONS. THE INTENTION TO MONETIZE SOME OF THE CARBON DIOXIDE ALLOWANCES IN ITS VAULT TO AWARD GRANTS TO PROMISING, CUTTING-EDGE RESEARCH AND TECHNOLOGY AIMED AT MAKING CARBON DIOXIDE REMOVAL MORE EFFECTIVE. 400224 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 1 0 AL AK AR CA CO CT DC FL GA HI IL KS KY ME MD MA MI MN MS NV NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X THE ORGANIZATION 8448285848 5757 S UNIVERSITY AVE CHICAGO IL 60637 ERIN TRAPP EXECUTIVE DIRECTOR 10.00 X X 22564 0 0 HAROLD HALL DIRECTOR 10.00 X 6563 0 0 GEOFFREY GOODMAN DIRECTOR 10.00 X 6563 0 0 MICHAEL GREENSTONE CHAIRPERSON 10.00 X X 0 0 0 ANDREW DAILEY SECRETARY/TREASURER 10.00 X X 0 0 0 BALA SRINIVASAN DIRECTOR 10.00 X 0 0 0 DON WILSON DIRECTOR 5.00 X 0 0 0 JASON M GRANT CHIEF OPERATING OFFICER 40.00 X 87000 0 0 CHRIS NEUFELD HEAD OF SALES 40.00 X 324000 0 0 KAREN THYSSEN RAABERG DIRECTOR OF CUSTOMER SUCCESS 40.00 X 151083 0 260 LINDSEY HIRSCH SUSTAINABILITY SOLUTIONS CONSULTANT 40.00 X 147176 0 260 ROBERT HITE FUNDRAISER 40.00 X 131250 0 6251 ELIZABETH LEWIS FUNDRAISER 40.00 X 109792 0 9907 CRAIG STOKES ACCOUNT EXECUTIVE 40.00 X 105403 0 13071 1091394 0 29749 6 0 1 0 0 5882478 1738 5882478 23 23 814436 659041 155395 155395 155395 6037896 0 0 155418 X 466064 43088 45579 377397 773914 83595 45716 644603 100181 10235 7376 82570 127969 13074 9422 105473 36444 36444 87371 87371 1248770 175727 360434 712609 44276 8123 17404 18749 36304 4985 16059 15260 123306 25125 38218 59963 900 198 252 450 62890 13836 17609 31445 9704 1094 4761 3849 63098 63098 57393 12630 16067 28696 MEMBERSHIP DUES AND SUB 21631 6057 10815 4759 TRAINING 20952 2363 10279 8310 MEALS 832 94 408 330 3281999 400224 787312 2094463 284880 712861 1000 0 0 441000 17353 0 23229 6031 30775 17198 9362207 13252029 37735 0 9733950 14423088 309353 68505 2500000 2500000 800000 2475200 3609353 5043705 X 6124597 8938383 0 441000 6124597 9379383 9733950 14423088 2755897 498889 0 X X 0 1 X 1 0 X 6863447 5293047 5882478 18038972 6863447 5293047 5882478 18038972 8836917 9202055 18038972 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 23229 6031 17198 17198 CARBON OFFSET ALLOWANCES 13252029 C 13252029 NOTES PAYABLE-RELATED PARTY 2475200 2475200 X 6096296 58400 58400 6037896 0 6037896 3340399 58400 58400 3281999 0 3281999 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501C(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. EACH YEAR, MANAGEMENT CONSIDERS WHETHER ANY MATERIAL TAX POSITION THE ORGANIZATION HAS TAKEN IS MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION BY THE APPLICABLE TAXING AUTHORITY. MANAGEMENT BELIEVES THAT ANY POSITIONS THE ORGANIZATION HAS TAKEN ARE SUPPORTED BY SUBSTANTIAL AUTHORITY AND, HENCE, DO NOT NEED TO BE MEASURED OR DISCLOSED IN THE ACCOMPANYING FINANCIAL STATEMENTS. EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES AUDIT CARBON DIOXIDE REMOVAL GRANT APPLICANTS 3430 NORTH AMERICA 1 1 DEVELOPMENT 324000 NORTH AMERICA 2 2 PROGRAM SERVICES SOFTWARE DEVELOPMENT / WEBSITE/TECHNOLOGY SERVICES 28850 EUROPE 2 2 PROGRAM SERVICES SOFTWARE DEVELOPMENT 70650 6 6 0 0 6 6 426930 0 426930 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X 0 0 0 0 0 0 0 0 0 CHRIS NEUFELD HEAD OF SALES 324000 0 0 0 0 0 0 0 0 0 324000 0 0 0 KAREN THYSSEN RAABERG DIRECTOR OF CUSTOMER SUCCESS 126667 0 24416 0 0 0 0 0 260 0 151343 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF THE FORM 990 IS REVIEWED BY VARIOUS MEMBERS OF THE BOARD OF DIRECTORS. ANY QUESTIONS OR PROPOSED REVISIONS/ADDITIONS ARE COMMUNICATED BY THE REVIEWERS TO THE OUTSIDE CPA PREPARER OF THE FORM 990. A COPY OF THE FINAL FORM 990 IS FORWARDED TO ALL MEMBERS OF THE ORGANIZATION'S BOARD OF DIRECTORS BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C AT THE ANNUAL BOARD MEETING, THE SECRETARY ENSURES EVERYONE'S CONFLICT OF INTEREST SIGNATURES ARE CURRENT. THE BOARD SHALL APPROVE ONLY THOSE CONTRACTS OR TRANSACTIONS IN WHICH THE TERMS ARE FAIR AND REASONABLE TO THE CORPORATION AND THE ARRANGEMENTS ARE CONSISTENT WITH THE BEST INTEREST OF THE CORPORATION. THE CHAIRPERSON WILL ENSURE THAT ANY PERSON WITH A CONFLICT OF INTEREST WILL NOT BE PRESENT AT THE MEETING DURING SUCH DISCUSSION OR DECISION. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION OF THE ORGANIZATION'S COO, OFFICERS, AND KEY EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANIATION OF THE DELIBERATION AND DECISION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 160,104. MANAGEMENT AND GENERAL EXPENSES 330,760. FUNDRAISING EXPENSES 684,395. TOTAL EXPENSES 1,175,259. RECRUITING: PROGRAM SERVICE EXPENSES 12,807. MANAGEMENT AND GENERAL EXPENSES 25,614. FUNDRAISING EXPENSES 12,808. TOTAL EXPENSES 51,229. PAYROLL FEES: PROGRAM SERVICE EXPENSES 1,909. MANAGEMENT AND GENERAL EXPENSES 1,375. FUNDRAISING EXPENSES 15,398. TOTAL EXPENSES 18,682. CANDIDATE SCREENING: PROGRAM SERVICE EXPENSES 907. MANAGEMENT AND GENERAL EXPENSES 2,685. FUNDRAISING EXPENSES 8. TOTAL EXPENSES 3,600. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.