2025-11-14T09:52:27+00:00 2024-12-31 135565207 KPMG LLP Two Manhattan West 375 9th Avenue New York NY 10001 990 2024-01-01 900634376 C40 Cities Climate Leadership Group Inc C40C 6463249209 120 Park Avenue Floor 23 New York NY 10017 JULIETTE CARTER MANAGING DIR, CORP SVCS. 2025-11-14 true true Toby Kerslake P01875806 2127589700 2025-11-11 2024 2025-03-06 01:10:19Z MARK WATTS 120 Park Avenue Floor 23 New York NY 10017 73614205 false X WWW.C40.ORG X 2010 DE C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE. 9 9 29 10 0 47008289 73214367 86962 250203 124948 149635 0 0 47220199 73614205 5383613 6267054 0 31839843 38292373 0 0 147812 24193147 25055580 61416603 69615007 -14196404 3999198 38571730 43927306 4917133 4394511 33654597 39532795 C40 IS A GLOBAL NETWORK OF NEARLY 100 MAYORS OF THE WORLD'S LEADING CITIES THAT take action to address environmental and climate change issues. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. false false 56058573 6267054 250203 In 2024, C40 cities implemented 73 additional climate actions, taking the total number of actions to 1200. This contributed to a reduction of 7.5% of C40's collective GHG emissions in 2024 compared to 2015. In 2024, approx 75% of C40 cities reduced their emissions faster than their national government. In 2024, CHAMP initiative, designed to build further collaboration between national and subnational governments reached 74 signatories representing 36% of global emissions. SEE SCHEDULE O FOR ADDITIONAL INFORMATION. 56058573 true true false true false false false false false false true false false false false true false true false true true true false false false false false true false true false false false false false false false false false false false false false false true false false false false false true X 22 0 true 29 true false true IN SF UK CH DA false false false false false false false false false false X 9 9 true false false false true true false true true false false false true true true true true true true true false false CA NY X Juliette Carter 6463249209 120 PARK AVENUE FLOOR 23 NEW YORK NY 10017 ANTHA WILLIAMS TREASURER AND DIRECTOR 0.1 0.0 X X 0 0 0 BRUCE LINDSEY SECRETARY AND DIRECTOR 0.1 0.0 X X 0 0 0 MICHAEL R BLOOMBERG PRESIDENT AND DIRECTOR 0.1 0.0 X X 0 0 0 SHIRLEY RODRIGUES VP AND DIRECTOR 0.1 0.0 X X 0 0 0 CAROLINA URRUTIA DIRECTOR (until 01/2024) 0.1 0.0 X 0 0 0 HONGPENG LEI DIRECTOR 0.1 0.0 X 0 0 0 JENNIFER SEMAKULA MUSISI DIRECTOR 0.1 0.0 X 0 0 0 JESPER NYGARD DIRECTOR 0.1 0.0 X 0 0 0 MARIA VITTORIA BERIA DIRECTOR 0.1 0.0 X 0 0 0 SRI HARYATI DIRECTOR 0.1 0.0 X 0 0 0 Juliette Carter MANAGING DIRECTOR OF CORP SERVICES 32.0 0.0 X 128727 0 7724 Kevin Austin Deputy Executive Director 40.0 0.0 X 208389 0 12503 Mark Watts Executive Director 40.0 0.0 X 244137 0 14648 Aditi Maheshwari Managing Director of Climate Action Implementation 40.0 0.0 X 207110 0 27392 Iyad Kheirbek Programme Director, Air Quality 40.0 0.0 X 165503 0 52640 Julia Ciardullo Director, Multilevel Partnerships | C40 x GCoM Joint Program 40.0 0.0 X 142142 0 49833 Laura Jay Regional Director North America 40.0 0.0 X 150378 0 45599 Zachary Tofias Programme Director, Food and Waste 40.0 0.0 X 143521 0 53334 1389907 0 263673 65 false true false ICLEI - Local Governments for Sustainability Manila Observatory Ateneo de Manila Uni Loyola Heights Quezon City RP 1108 Environmental Services 1075622 Remote Europe Holding BV Kraijenhoffstraat 137A Amsterdam NL 1018RG Payroll & employment services 1046973 AmbroseTriNet Group Water Street New York NY 10038 Payroll & employment services 1019709 ORG MUN DIAL DE CIUDADES Y GOBIERNOS LOCALES Carrer Avinyo 15 Barcelona SP 08002 Environmental Services 509949 CPCS Transcom Limited 150 Isabella Street Suite 701 Ottawa Ontario CA management & consulting services 361088 32 11355861 61858506 73214367 speaking events 900099 237073 237073 Sponsorship 900099 13130 13130 0 0 0 0 250203 149635 149635 0 0 0 0 0 0 0 0 0 73614205 250203 0 149635 X 518027 518027 5749027 5749027 616128 246451 369677 31500364 24194499 7188373 117492 997148 721084 269015 7049 1709903 1499626 196762 13515 3468830 2658729 800345 9756 178534 9913 168621 434291 13214 421077 481 481 15173599 13623995 1549604 0 508205 55885 452320 1015214 158996 856218 1438162 1247152 191010 4976625 4345167 631458 13511 11249 2262 3953 3360 593 PAYROLL PROCESSING FEES 1090734 988418 102316 RECRUITMENT 85211 922 84289 TRAINING 129303 12378 116925 7757 0 7757 0 69615007 56058573 13408622 147812 26661304 32107723 10334142 10206916 381566 173497 0 0 0 0 1187288 1435693 304191 300714 7430 3477 0 0 0 0 38571730 43927306 4917133 4394511 0 0 0 0 4917133 4394511 X 3744438 7052129 29910159 32480666 33654597 39532795 38571730 43927306 X 3999198 1879000 X false true true false X 32603013 44723486 54354368 47008289 73214367 251903523 0 0 32603013 44723486 54354368 47008289 73214367 251903523 135125604 116777919 11085 4898 12525 124948 149635 303091 0 8891 435737 0 0 0 444628 252651242 362422 0.46221 0.4443 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - CREDIT CARD REBATE, COLUMN A - 8891.0, COLUMN B - 0.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 8891.0; DESCRIPTION - FOREIGN CURRENCY GAIN, COLUMN A - 0.0, COLUMN B - 435737.0, COLUMN C - 0.0, COLUMN D - 0.0, COLUMN E - 0.0, COLUMN F - 435737.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 481 0 481 0 69614526 0 69615007 0 1000000 0 250000 0 0 0 0 0 1000000 1000000 1000000 1000000 4000000 6000000 0 0 121 481 602 250000 250000 250000 250000 1000000 1500000 0 0 0 0 0 249581 246104 3477 54610 54610 0 3477 0 X 76724694 1231489 1879000 3110489 73614205 0 0 73614205 70846496 1231489 0 1231489 69615007 0 0 69615007 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS RECOGNIZED BY THE INTERNAL REVENUE SERVICE AS A TAX-EXEMPT ENTITY WITHIN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE UNDER SECTION 501(A). INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE TAX POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Income Recognition Book to Tax Difference - 1879000 true East Asia and the Pacific 1 36 Program Services Climate Initiatives 2343492 Europe (Including Iceland and Greenland) 2 249 Program Services Climate Initiatives 20979777 Middle East and North Africa 0 0 Program Services Climate Initiatives 179032 North America (Canada & Mexico only) 0 21 Program Services Climate Initiatives 1850144 Sub-Saharan Africa 1 72 Program Services Climate Initiatives 2890418 South America 0 20 Program Services Climate Initiatives 1180198 South Asia 1 26 Program Services Climate Initiatives 628724 Europe (Including Iceland and Greenland) 0 0 Program Services GRANTMAKING 5196466 Sub-Saharan Africa 0 0 Program Services GRANTMAKING 164729 East Asia and the Pacific 0 0 Program Services GRANTMAKING 387832 5 424 0 0 5 424 35800812 0 35800812 Europe (Including Iceland and Greenland) Funding in support of data for cities Worldwide 2517835 Bank transfer Europe (Including Iceland and Greenland) Develop national-subnational partnership 310933 Bank transfer Europe (Including Iceland and Greenland) Develop alliances on motorized transport 45900 Bank transfer Europe (Including Iceland and Greenland) Funding in support of regional engagement and technical assistance 773629 Bank transfer Europe (Including Iceland and Greenland) Funding for global regional coordination on core strategic goals and initiatives 249195 Bank transfer Europe (Including Iceland and Greenland) Strengthen local resilience capacity 1272141 Bank transfer Europe (Including Iceland and Greenland) Sponsor new research 26833 Bank transfer Sub-Saharan Africa Research and Innovation 35000 Bank transfer Sub-Saharan Africa Further the implementation of 'proximity planning' model 129729 Bank transfer East Asia and the Pacific Funding to support, planning, implementation and delivery of services 190000 Bank transfer East Asia and the Pacific Provide technical assistance to the city corporations to develop their capacities for project implementation 125000 Bank transfer East Asia and the Pacific Create a financing strategy 72832 Bank transfer 12 0 false false false false false false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds THE ORGANIZATION MAINTAINS RECORDS OF ALL GRANTS MADE FROM THE PROPOSAL STAGE, THROUGH THE DUE DILIGENCE PHASE WHICH DETERMINES THE SELECTION OF THE SUBGRANTEE, THE SIGNING OF THE GRANTS AGREEMENT AND THROUGHOUT THE ACTIVITY TO GRANT CLOSURE. REQUIRED REPORTS INCLUDE FINANCIAL REPORTS AND NARRATIVE/PROJECT RELATED REPORTS. ALL FINANCIAL REPORTS MUST INCLUDE A REPORT ON EXPENDITURE OF FUNDS AGAINST KPIS AND DELIVERABLES AS LISTED IN THE GRANT AGREEMENT. ALL REPORTS ARE REVIEWED AND APPROVED AS PER THE REQUIREMENTS OF THE GRANT AGREEMENT. Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SUB-SAHARAN AFRICA-Accrual true Urban Sustainability Directors Network 1624 Viola Cir Port Washington WI 53074 825015863 501(C)(3) 118027 to achieve greater influence and outcomes for local governments World Resources Institute 10G Street NE 8th Floor Washington DC 200024210 521257057 501(C)(3) 400000 Support and Collaborating with SCALE partners 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds THE ORGANIZATION MAINTAINS RECORDS OF ALL GRANTS MADE FROM THE PROPOSAL STAGE, THROUGH THE DUE DILIGENCE PHASE WHICH DETERMINES THE SELECTION OF THE SUBGRANTEE, THE SIGNING OF THE GRANTS AGREEMENT AND THROUGHOUT THE ACTIVITY TO GRANT CLOSURE. REQUIRED REPORTS INCLUDE FINANCIAL REPORTS AND NARRATIVE/PROJECT RELATED REPORTS. ALL FINANCIAL REPORTS MUST INCLUDE A REPORT ON EXPENDITURE OF FUNDS AGAINST KPIS AND DELIVERABLES AS LISTED IN THE GRANT AGREEMENT. ALL REPORTS ARE REVIEWED AND APPROVED AS PER THE REQUIREMENTS OF THE GRANT AGREEMENT. X X X false false false false false false false false false Mark Watts Executive Director 244137 0 0 0 0 0 14648 0 0 0 258785 0 0 0 Kevin Austin Deputy Executive Director 208389 0 0 0 0 0 12503 0 0 0 220892 0 0 0 Aditi Maheshwari Managing Director of Climate Action Implementation 206826 0 0 0 284 0 12538 0 14854 0 234502 0 0 0 Iyad Kheirbek Programme Director, Air Quality 165299 0 0 0 204 0 8249 0 44391 0 218143 0 0 0 Zachary Tofias Programme Director, Food and Waste 143344 0 0 0 177 0 8994 0 44340 0 196855 0 0 0 Laura Jay Regional Director North America 150272 0 0 0 106 0 8759 0 36840 0 195977 0 0 0 Julia Ciardullo Director, Multilevel Partnerships | C40 x GCoM Joint Program 142046 0 0 0 96 0 5557 0 44276 0 191975 0 0 0 Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENT IN 2024, C40 CONTINUED TO FOCUS ITS WORK TO: - SUPPORT CITIES TO DELIVER MAJOR PROGRAMMES AND POLICIES IN THE AREAS OF TRANSPORT, BUILDINGS AND ENERGY, WASTE, URBAN PLANNING, AIR QUALITY AND RESILIENCE. - SUPPORT CITIES TO MAINSTREAM CLIMATE ACTION INTO THEIR GOVERNANCE STRUCTURES - SUPPORT CITIES IN MAKING THE CASE FOR ACTION - SUPPORT THE FINANCING OF ACTION IN CITIES THROUGH PREPARATION OF CITY PROJECTS AND ENGAGEMENT OF FINANCIAL INSTITUTIONS - SUPPORT THE ALIGNMENT OF CITY, REGIONAL AND NATIONAL BODIES THROUGH THE COALITION OF HIGH AMBITION MULTI-LEVEL PARTNERSHIPS THE CRITICAL WORK THAT C40 DOES IS BROADER THAN THESE SUB-MISSIONS. BUT THEY HELP DEFINE THE MAIN CROSS-ORGANISATIONAL FOCUSES, FOR A GIVEN PERIOD, TO LEVERAGE POLICY AND ADVOCACY RESOURCES ACROSS C40 TO BUILD PUBLIC SUPPORT AND SOCIAL ACCEPTANCE FOR LOCAL CLIMATE ACTION. Form 990, Part III, Line 1 DESCRIPTION OF ORGANIZATION MISSION C40 IS A NETWORK OF THE WORLD'S MEGACITIES COMMITTED TO ADDRESSING CLIMATE CHANGE. C40 SUPPORTS CITIES TO COLLABORATE EFFECTIVELY, SHARE KNOWLEDGE AND DRIVE MEANINGFUL, MEASURABLE AND SUSTAINABLE ACTIONS ON CLIMATE CHANGE. CREATED AND LED BY CITIES, C40 IS FOCUSED ON TACKLING CLIMATE CHANGE AND DRIVING URBAN ACTION THAT REDUCE GREENHOUSE GAS EMISSIONS AND CLIMATE RISKS, WHILE INCREASING THE HEALTH, WELL-BEING AND ECONOMIC OPPORTUNITIES OF URBAN CITIZENS. Form 990, Part VI, Line 2 RELATIONSHIPS AMONG BOARD MEMBERS MICHAEL BLOOMBERG AND ANTHA WILLIAMS HAVE A BUSINESS RELATIONSHIP. Form 990, Part VI, Line 6 Classes of members or stockholders THE ORGANIZATION'S BYLAWS PROVIDE THAT THE ORGANIZATION'S MEMBERS ARE CITY MAYORS SERVING ON THE STEERING COMMITTEE OF C40 CLIMATE LEADERSHIP GROUP (A COALITION OF MAYORS FROM AROUND THE WORLD) AND THAT SUCH MEMBERS WOULD ELECT THE DIRECTORS OF THE ORGANIZATION. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body SEE EXPLANATION TO PART VI, SECTION A, LINE 6 ABOVE. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 was made available to all Board members prior to signing by the Managing Director of Corporate Services, a delegated authority of the Executive Director. Form 990, Part VI, Line 12c Conflict of interest policy EACH DIRECTOR COMPLETES A CONFLICT OF INTEREST STATEMENT ANNUALLY WITH DISCLOSURES OF FINANCIAL INTERESTS, AND THESE ARE REVIEWED BY THE EXECUTIVE DIRECTOR AND THE DIRECTOR OF CORPORATE SERVICES. IF APPROPRIATE, IF ANY CONFLICTS WERE DECLARED, A CONFLICTS COMMITTEE WOULD BE CONVENED. THERE HAVE BEEN NO MATERIAL CHANGES TO CONFLICTS IN THE LAST YEAR. AN INTERESTED PERSON DOES NOT PARTICIPATE IN THE DETERMINATION OF A VOTE ON CERTAIN TRANSACTIONS OR ARRANGEMENTS. AN INTERESTED PARTY SHALL NOT ATTEMPT TO INFLUENCE THE BOARD MEMBERS REGARDING MATTERS IN WHICH HE OR SHE HAS A FINANCIAL INTEREST AND SHALL NOT PARTICIPATE IN ANY VOTE TO DETERMINE WHETHER HIS OR HER FINANCIAL INTEREST RESULTS IN A CONFLICT OF INTEREST. Form 990, Part VI, Line 15a Process to establish compensation of top management official C40 FOLLOWS A COMPENSATION POLICY APPROVED BY THE C40 BOARD. IN LINE WITH THE POLICY, APPROVAL FOR ALL NEW COMPENSATION ARRANGEMENTS IS BASED ON, TO THE EXTENT REASONABLY AVAILABLE, INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED NON-PROFIT ORGANIZATIONS, OR ORGANIZATIONS IN COMPARABLE SECTORS, FOR SIMILAR SERVICES, CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS AND ACTUAL WRITTEN OFFERS FROM SIMILARLY SITUATED ORGANIZATIONS, AND OTHER RELEVANT INFORMATION. THE REMUNERATION POLICY INDICATES THAT THE REVIEW EXERCISE WILL BE UNDERTAKEN EVERY 3 YEARS WITH THE NEXT REVIEW (FOR GLOBAL NORTH) CURRENTLY SCHEDULED FOR 2025. BASED ON C40'S PERFORMANCE AND FINANCIAL POSITION, THE MANAGEMENT TEAM AIM TO, AT THEIR DISCRETION, OFFER ALL STAFF AN ANNUAL INFLATIONARY INCREASE TO THEIR SALARY, WHERE APPROPRIATE. THIS IS DETERMINED BY THE EXECUTIVE DIRECTOR BASED ON THE AVAILABLE FUNDS AND FORMS PART OF THE ANNUAL BUDGET APPROVED BY THE BOARD. THE EXECUTIVE DIRECTOR RECEIVES INCREMENTS IN LINE WITH THOSE FOR OTHER STAFF, AND THESE ARE APPROVED BY THE BOARD'S FINANCE & AUDIT COMMITTEE, WHICH INCLUDES THE TREASURER, BASED ON INFLATION CONSIDERATIONS, BENCHMARKED INFORMATION FROM OTHER ORGANISATIONS AND OTHER RELEVANT INFORMATION. THE FINANCE & AUDIT COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD AND IS INDEPENDENT OF THE EXECUTIVE COMMITTEE. C40 HAS DOCUMENTED PAYSCALES AND A JOB EVALUATION FRAMEWORK. C40 ALSO RECORDS IN WRITING ALL MATERIAL INFORMATION PROVIDED BY THIRD PARTIES WHICH WAS RELIED UPON IN APPROVING OR DISAPPROVING SUCH COMPENSATION ARRANGEMENTS, AS WELL AS THE SOURCE OF SUCH INFORMATION. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUEST FOR REVIEWING THE ORGANIZATION'S DOCUMENTS CAN BE ADDRESSED TO Juliette Carter, IN CARE OF C40 CITIES CLIMATE LEADERSHIP GROUP, INC. AS NOTED IN PART VI, SECTION C, QUESTION 20. Form 990, Part IX, Line 11g Other Fees TECHNICAL ASSISTANCE - Total Expense: 5123947, Program Service Expense: 5123947, Management and General Expenses: , Fundraising Expenses: ; RESEARCH - Total Expense: 375665, Program Service Expense: 375665, Management and General Expenses: , Fundraising Expenses: ; TRANSLATION - Total Expense: 607833, Program Service Expense: 550926, Management and General Expenses: 56907, Fundraising Expenses: ; MEDIA SERVICES & COMMUNICATION - Total Expense: 10171, Program Service Expense: 10171, Management and General Expenses: , Fundraising Expenses: ; OTHER - Total Expense: 145950, Program Service Expense: 30173, Management and General Expenses: 115777, Fundraising Expenses: ; CONTRACTORS - Total Expense: 8910033, Program Service Expense: 7533113, Management and General Expenses: 1376920, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Income Recognition Book to Tax Difference - 1879000; Total - 1879000; FORM 990, PART I, LINES 5 & 15 AND PART V, LINE 2A U.S. AND FOREIGN COMPENSATION THE TOTAL SALARIES REPORTED ON FORM 990 ON PART I, LINE 15 AND PART IX, LINES 5-10 INCLUDE COMPENSATION OF BOTH U.S. AND FOREIGN EMPLOYEES. HOWEVER, PART I, LINE 5 AND PART V, LINE 2A ONLY REPORT THE TOTAL NUMBER OF U.S. EMPLOYEES. IN ADDITION TO THE U.S. EMPLOYEES, C40 ALSO EMPLOYED A TOTAL OF 424 FOREIGN EMPLOYEES DURING CALENDAR YEAR 2024. THE 41 U.S. EMPLOYEES ARE PAID BY A THIRD-PARTY EMPLOYER, A REPORTING AGENT OF C40. C40 CITIES CLIMATE LEADERSHIP UK 3 QUEEN VICTORIA STREET 1ST FL LONDON UK EC2R 981351395 CHARITABLE UK 17541804 8097979 C40 C40 CITIES CLIMATE LEADERSHIP SOUTH AFRICA TRADUNA HOUSE 16 JORRISON ST BRAAMFONTEIN SF 2001 981421264 CHARITABLE SF 2047451 95268 C40 FORENINGEN C40 CITIES CLIMATE LDRSP DK C/O BLOXHUB BRYGHUSPLADSEN COPENHAGEN DA 81473 981507048 CHARITABLE DA 2519402 691322 C40 C40 CITIES INDIA PRIVATE LIMITED 501 502 5th Fl Eros Corporate Tower NEHRU PL South East Delhi New Delhi IN 110019 981878947 CHARITABLE IN 1349291 276088 C40