2025-10-15T21:53:33-05:00 2024-11-30 390859910 BAKER TILLY ADVISORY GROUP LP 18500 VON KARMAN AVE 10TH FLOOR IRVINE CA 92612 990 2023-12-01 854211960 CLIMATE VAULT CLIM 8448285848 5757 S UNIVERSITY AVE CHICAGO IL 60637 ERIN TRAPP EXECUTIVE CHAIR 8448285848 2025-10-14 1 0 BRIAN YACKER P00401346 9492222999 2025-10-14 2023 2025-03-06 01:10:19Z ERIN TRAPP 5757 S UNIVERSITY AVE CHICAGO IL 60637 8201932 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. 5 4 2 4 0 0 5882478 5513745 0 0 155418 477806 0 0 6037896 5991551 0 0 0 0 1468128 113657 0 874064 1048457 1813871 685180 3281999 1672901 2755897 4318650 14423088 18574921 5043705 4876888 9379383 13698033 TO LOWER THE CONCENTRATION OF GREENHOUSE GASES IN THE ATMOSPHERE TO SLOW AND EVEN REVERSE THE EFFECTS OF CLIMATE CHANGE. 0 0 185644 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. 185644 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 9 0 1 2 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 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 CHAIR 10.00 X X 55500 0 0 HAROLD HALL DIRECTOR 3.00 X 7500 0 0 MICHAEL GREENSTONE CHAIRPERSON 3.00 X X 0 0 0 BALA SRINIVASAN DIRECTOR 3.00 X 0 0 0 DON WILSON DIRECTOR 3.00 X 0 0 0 63000 0 0 0 0 0 0 0 5513745 5513745 2688187 2210381 477806 477806 477806 5991551 0 0 477806 X 63000 25200 25200 12600 40691 40691 175 175 9791 9791 45354 23849 9229 12276 129712 129712 874064 874064 168205 89582 9849 68774 1892 574 63 1255 278080 15272 259400 3408 60970 30621 5183 25166 880 527 140 213 87 19 24 44 1672901 185644 438800 1048457 712861 1257337 441000 65951 0 17198 13252029 17251633 14423088 18574921 68505 151688 2500000 2250000 2475200 2475200 5043705 4876888 X 8938383 13632082 441000 65951 9379383 13698033 14423088 18574921 4318650 0 X X 0 1 X 1 0 X 6863447 5293047 5882478 5513745 23552717 6863447 5293047 5882478 5513745 23552717 11921023 11631694 23552717 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 CARBON OFFSET ALLOWANCES 17251633 C 17251633 NOTES PAYABLE-RELATED PARTY 2475200 2475200 X 8201932 0 8201932 -2210381 -2210381 5991551 3883282 2210381 2210381 1672901 0 1672901 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(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. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -2,210,381. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 2,210,381. NORTH AMERICA 1 1 DEVELOPMENT 54000 EAST ASIA AND THE PACIFIC 1 1 PROGRAM SERVICES AUDIT CARBON DIOXIDE REMOVAL GRANT APPLICANTS 3430 2 2 0 0 2 2 57430 0 57430 0 0 0 0 0 0 X X X 1 CLIMATE VAULT SOLUTIONS 113 CHERRY ST SUITE 18101 SEATTLE WA 98104 FUNDRAISING 0 5397586 874064 4523522 5397586 874064 4523522 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 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, WE ENSURE 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 EXECUTIVE CHAIR, OFFICERS, AND KEY EMPLOYEES INCLUDED A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION 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 - OPERATIONS: PROGRAM SERVICE EXPENSES 37,931. MANAGEMENT AND GENERAL EXPENSES 4,170. FUNDRAISING EXPENSES 28,399. TOTAL EXPENSES 70,500. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 1,704. TOTAL EXPENSES 1,704. CONSULTING - BUSINESS DEVELOPMENT: PROGRAM SERVICE EXPENSES 51,651. MANAGEMENT AND GENERAL EXPENSES 5,679. FUNDRAISING EXPENSES 38,671. TOTAL EXPENSES 96,001. FORM 990, PART XII, LINE 2C: THE ORGANIZATION DID NOT CHANGE ITS OVERSIGHT PROCESS OR SELECTION PROCESS DURING THE TAX YEAR.