2026-06-01T11:35:04-05:00 2025-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2025-01-01 992868509 CENTER FOR GREEN MARKET ACTIVATION CENT 2026885270 1717 N STREET NW STE 1 WASHINGTON DC 20036 KIMBERLY CARNAHAN CEO 2026885270 2026-06-01 1 RICHARD J LOCASTRO CPA P00288314 3019519090 2025 2025-03-06 01:10:19Z KIMBERLY CARNAHAN 1717 N STREET NW STE 1 WASHINGTON DC 20036 7321130 0 X HTTPS://GMACENTER.ORG X 2024 DC SEE PART III, LINE 1. 6 5 27 5 0 0 7824089 5277500 811710 1987988 14180 41384 1136 14258 8651115 7321130 0 944500 0 0 2389848 4629047 0 0 247499 356514 1001000 2746362 6574547 5904753 746583 6026094 8548106 121341 1896770 5904753 6651336 X TO PROMOTE THE UPTAKE OF LOW-CARBON AND ZERO-CARBON FUELS AND MATERIALS IN HIGH-EMITTING AND HARD-TO DECARBONIZE SECTORS, AS A MEANS OF COMBATTING CLIMATE CHANGE AND ITS ADVERSE IMPACTS ON THE ENVIRONMENT AND PUBLIC HEALTH. 0 0 1391204 120000 697992 AVIATION - THE ORGANIZATION SERVES AS THE SECRETARIAT FOR THE SUSTAINABLE AVIATION BUYERS ALLIANCE (SABA), A PARTNERSHIP WITH RMI AND EDF THAT ACCELERATES THE PATH TO NET ZERO AIR TRANSPORT BY DRIVING INVESTMENT INTO HIGH QUALITY SAF, CATALYZING NEW SAF PRODUCTION AND TECHNOLOGICAL INNOVATION, AND SUPPORTING MEMBER ENGAGEMENT IN POLICYMAKING. 1267930 364500 50000 CONCRETE AND CEMENT - THE ORGANIZATION PARTNERS WITH RMI ON THIS INITIATIVE TO FACILITATE CAPITAL DEPLOYMENT TOWARDS LOW-CARBON CEMENT AND CONCRETE, ENABLING DRAMATIC REDUCTIONS TO EMBODIED EMISSIONS IN THE BUILT ENVIRONMENT. THIS INITIATIVE WILL OPERATE IN TWO PHASES: FIRST LEADING A DIVERSE WORKING GROUP TO DESIGN A CREDIBLE MEASUREMENT AND BOOK AND CLAIM SYSTEM AND SUBSEQUENTLY ESTABLISHING AND COORDINATING A COLLECTIVE PROCUREMENT PROCESS FOR BOTH PHYSICAL AND ATTRIBUTE OFFTAKE. 812306 60000 115000 HEAVY DUTY TRUCKING - THE ORGANIZATION COORDINATES AND MANAGES GMA TRUCKING, A BUYERS ALLIANCE FOR ZERO EMISSIONS TRUCKING SERVICE ATTRIBUTES WITH THE GOAL OF ACCELERATING THE DECARBONIZATION OF HEAVY-DUTY TRUCKING. GMA TRUCKING, WITH SUPPORT FROM ITS STRATEGIC PARTNER, THE SMART FREIGHT CENTRE, IS SUPPORTING FIRST-OF-THEIR-KIND, SCALABLE PARTNERSHIPS FOCUSED ON GETTING BATTERY ELECTRIC VEHICLE (BEV) AND FUEL CELL ELECTRIC VEHICLE (FCEV) CLASS 8 TRUCKS ON THE ROAD. 432500 774996 MARITIME - LAUNCHED IN 2023, ZEMBA AIMS TO ACCELERATE COMMERCIAL DEPLOYMENT OF ZEROEMISSION SHIPPING SERVICES, ENABLE ECONOMIES OF SCALE, AND HELP CARGO OWNERS AND FREIGHT FORWARDERS MAXIMIZE EMISSION REDUCTION POTENTIAL BEYOND WHAT ANY FREIGHT TRANSPORT BUYER COULD ACCOMPLISH ALONE. ZEMBA IS MANAGED BY THE ASPEN INSTITUTE'S ENERGY & ENVIRONMENT PROGRAM (EEP). THE ORGANIZATION PROVIDES TECHNICAL AND PROCUREMENT SUPPORT IN ALIGNMENTWITH ZEMBA'S SHORT AND LONG-TERM GOALS AS SET BY ASPEN EEP. 789693 350000 STANDARDS AND GUIDANCE - CONVENED BY C2ES, THE GOLD STANDARD, AND GMA, THE ADVANCED AND INDIRECT MITIGATION (AIM) PLATFORM IS A CROSS-SECTORAL, MULTI-STAKEHOLDER INITIATIVE THAT AIMS TO UNLOCK VAST NEW SUMS OF PRIVATE CLIMATE FINANCE BY BRINGING CIVIL SOCIETY AND THE PRIVATE SECTOR TOGETHER TO REMOVE ROADBLOCKS TO VALUE CHAIN MITIGATION AND IGNITE SECTORAL TRANSITION. 885373 400000 0 CHEMICALS - THE PROGRAM FOCUSES ON ACCELERATING DEEP DECARBONIZATION OF THE CHEMICALS SECTOR, WHILE SUPPORTING EFFORTS TO ADDRESS CHEMICALS' NON-CLIMATE IMPACTS. THE PROGRAM WILL DO SO BY BUILDING MARKET-BASED TOOLS TO REMOVE FINANCIAL AND STRUCTURAL BARRIERS TO DECARBONIZATION AND WILL FACILITATE DEMAND AGGREGATION AND COLLECTIVE PROCUREMENT FOR LOW-EMISSION CHEMICAL PRODUCTS. 2107566 400000 1124996 5579006 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 18 0 1 27 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA CO IL NY OH VA WA X KIMBERLY CARNAHAN 2026885270 1717 N STREET NW STE 1 WASHINGTON DC 20036 KIM CARNAHAN CEO, BOARD MEMBER 40.00 X X 581797 0 19728 INGRID IRIGOYEN BOARD MEMBER 1.00 X 0 0 0 ALEXIA KELLY BOARD MEMBER 1.00 X 0 0 0 ANGELA CHURIE KALLHAUGE BOARD MEMBER 1.00 X 0 0 0 KELLEY KIZZIER BOARD MEMBER 1.00 X 0 0 0 KATHRYN ALSEGAF BOARD MEMBER 1.00 X 0 0 0 ELLEN PALMER CHIEF FINANCE & OPERATIONS OFFICER 40.00 X 253513 0 41089 KARI PEDERSON STRATEGY & EXTERNAL AFFAIRS OFFICER 40.00 X 231438 0 23228 ANDRE DE FONTAINE MANAGING DIRECTOR 40.00 X 330850 0 49458 JACQUELINE BREW SENIOR MANAGER 40.00 X 202900 0 24373 JOAN GIBBONS PROGRAM MANAGER 40.00 X 174392 0 18606 CLAYTON GERBER PROGRAM MANAGER 40.00 X 189010 0 20518 ASHINI KHETPAL PROGRAM MANAGER 40.00 X 174852 0 23685 ALISON GREENE COMMUNICATIONS MANAGER 40.00 X 163900 0 23952 2302652 0 244637 16 0 1 0 FOLEY HOAG 155 SEAPORT MA 02210 FL 11 BOSTON MA 02210 LEGAL SERVICES 194859 1 5277500 5277500 CONTRACTS 900099 1702988 1702988 MEMBERSHIP DUES 900099 285000 285000 1987988 41384 41384 SAFC CERT. INCOME 900099 10867 10867 MISCELLANEOUS REVENUE 900099 3391 3391 14258 7321130 1987988 0 55642 884500 884500 60000 60000 1529449 1078002 398454 52993 2510310 2288222 75661 146427 138284 114083 15834 8367 167350 138206 18867 10277 283654 236205 33214 14235 196592 172409 24183 105197 92257 12940 163814 131452 32141 221 3819 3025 794 19800 12222 7415 163 66632 54898 11620 114 125472 91181 21798 12493 5322 3259 2018 45 32536 19922 12337 277 STAFF AND BOARD EXPENSE 119869 97411 22437 21 EVENTS 86441 52929 32777 735 OTHER EXPENSES 48102 29454 18240 408 PAYROLL FEES 11745 9781 1375 589 15659 9588 5937 134 6574547 5579006 748042 247499 637168 2087986 1926477 4639300 3250000 1685000 201904 111273 10545 24547 6026094 8548106 121341 1832309 64461 121341 1896770 X 1920270 2509415 3984483 4141921 5904753 6651336 6026094 8548106 746583 0 X 0 1 X 0 0 X 7824089 5277500 13101589 7824089 5277500 13101589 938745 12162844 14180 41384 55564 1136 14258 15394 13172547 2799698 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 7401130 80000 80000 7321130 0 7321130 6654547 80000 80000 6574547 0 6574547 1 EUROPE 0 0 GRANTMAKING 60000 0 0 0 0 0 0 60000 0 60000 EUROPE PARTNERSHIP WORK ON GMA'S TRUCKING PROGRAM 60000 WIRE TRANSFER 0 1 0 0 0 0 0 0 0 PART I, LINE 2 GMA MONITORS THE USE OF ITS GRANTS AND OTHER ASSISTANCE OUTSIDE THE UNITED STATES THROUGH A COMBINATION OF PRE-AWARD DUE DILIGENCE, WRITTEN GRANT AGREEMENTS, BUDGET CONTROLS, STRUCTURED REPORTING REQUIREMENTS, AND INTERNAL REVIEW PROCEDURES DESIGNED TO ENSURE THAT FUNDS ARE USED FOR THEIR INTENDED CHARITABLE PURPOSES. PRIOR TO DISBURSEMENT, ALL GRANTEES ARE REQUIRED TO EXECUTE A LEGAL GRANT AGREEMENT THAT OUTLINES THE PURPOSE OF THE GRANT, PERIOD OF PERFORMANCE, PAYMENT TERMS, AND STANDARD NONPROFIT GRANT CONDITIONS AND LIMITATIONS. EACH AGREEMENT INCORPORATES, AS ATTACHMENTS, THE GRANTEE'S PROPOSAL/WORK PLAN DESCRIBING THE ACTIVITIES TO BE COMPLETED AND AN APPROVED GRANT BUDGET DETAILING HOW GRANT FUNDS WILL BE SPENT. THE AGREEMENT ALSO DEFINES ALLOWABLE AND UNALLOWABLE COSTS, DOCUMENTATION AND RECORD RETENTION REQUIREMENTS, AND THE OBLIGATION TO USE FUNDS SOLELY FOR APPROVED PURPOSES. FOR SINGLE-YEAR GRANTS, GMA GENERALLY PROVIDES FUNDING THROUGH AN UPFRONT PAYMENT FOLLOWING EXECUTION OF THE GRANT AGREEMENT. FOR MULTI-YEAR GRANTS, GMA UTILIZES INSTALLMENT PAYMENTS, WITH SUBSEQUENT DISBURSEMENTS CONTINGENT UPON DEMONSTRATED PROGRESS AND COMPLIANCE WITH REPORTING REQUIREMENTS. GRANTEES ARE REQUIRED TO SUBMIT PERIODIC GRANT REPORTS CONSISTING OF (1) NARRATIVE REPORTS DESCRIBING PROGRESS TOWARD APPROVED ACTIVITIES AND OUTCOMES AND (2) FINANCIAL REPORTS COMPARING ACTUAL EXPENDITURES TO THE APPROVED GRANT BUDGET. GMA REVIEWS THESE REPORTS TO ENSURE THAT PROGRAMMATIC ACTIVITIES ALIGN WITH THE APPROVED PROPOSAL AND THAT EXPENDITURES ARE REASONABLE, PROPERLY CATEGORIZED, AND CONSISTENT WITH GRANT TERMS. WHEN NECESSARY, GMA FOLLOWS UP WITH GRANTEES TO REQUEST CLARIFICATION, ADDITIONAL DOCUMENTATION, OR SUPPORTING DETAIL. FOR MULTI-YEAR AWARDS, GMA REQUIRES SUBMISSION AND APPROVAL OF A YEAR-ONE NARRATIVE REPORT AND A YEAR-ONE FINANCIAL REPORT, INCLUDING BUDGET-TO-ACTUAL INFORMATION, PRIOR TO RELEASING SUBSEQUENT-YEAR FUNDING. THIS PROCESS ENSURES THAT CONTINUED FUNDING IS CONTINGENT UPON SATISFACTORY PERFORMANCE AND APPROPRIATE USE OF FUNDS. GMA MAINTAINS A SYSTEM OF INTERNAL CONTROLS THAT INCLUDES SEGREGATION OF DUTIES BETWEEN PROGRAMMATIC AND FINANCIAL OVERSIGHT. PROGRAM STAFF ARE RESPONSIBLE FOR REVIEWING NARRATIVE REPORTS AND ASSESSING PROGRESS TOWARD GRANT OBJECTIVES, WHILE FINANCE STAFF REVIEW FINANCIAL REPORTS, ANALYZE BUDGET-TO-ACTUAL VARIANCES, AND ENSURE ALIGNMENT WITH ACCOUNTING RECORDS. DISBURSEMENT APPROVALS AND FINANCIAL TRACKING ARE MANAGED THROUGH ESTABLISHED FINANCIAL CONTROLS TO ENSURE APPROPRIATE AUTHORIZATION AND DOCUMENTATION OF ALL GRANT PAYMENTS. 1 ROCKY MOUNTAIN INSTITUTE 2490 JUNCTION PLACE ST 200 BOULDER CO 80301 742244146 501(C)(3) 884500 0 PROGRAM COLLABORATION 1 0 PART I, LINE 2: GMA MONITORS THE USE OF ITS GRANTS AND OTHER ASSISTANCE IN THE UNITED STATES THROUGH A COMBINATION OF PRE-AWARD DUE DILIGENCE, WRITTEN GRANT AGREEMENTS, BUDGET CONTROLS, STRUCTURED REPORTING REQUIREMENTS, AND INTERNAL REVIEW PROCEDURES DESIGNED TO ENSURE THAT FUNDS ARE USED FOR THEIR INTENDED CHARITABLE PURPOSES. PRIOR TO DISBURSEMENT, ALL GRANTEES ARE REQUIRED TO EXECUTE A LEGAL GRANT AGREEMENT THAT OUTLINES THE PURPOSE OF THE GRANT, PERIOD OF PERFORMANCE, PAYMENT TERMS, AND STANDARD NONPROFIT GRANT CONDITIONS AND LIMITATIONS. EACH AGREEMENT INCORPORATES, AS ATTACHMENTS, THE GRANTEE'S PROPOSAL/WORK PLAN DESCRIBING THE ACTIVITIES TO BE COMPLETED AND AN APPROVED GRANT BUDGET DETAILING HOW GRANT FUNDS WILL BE SPENT. THE AGREEMENT ALSO DEFINES ALLOWABLE AND UNALLOWABLE COSTS, DOCUMENTATION AND RECORD RETENTION REQUIREMENTS, AND THE OBLIGATION TO USE FUNDS SOLELY FOR APPROVED PURPOSES. FOR SINGLE-YEAR GRANTS, GMA GENERALLY PROVIDES FUNDING THROUGH AN UPFRONT PAYMENT FOLLOWING EXECUTION OF THE GRANT AGREEMENT. FOR MULTI-YEAR GRANTS, GMA UTILIZES INSTALLMENT PAYMENTS, WITH SUBSEQUENT DISBURSEMENTS CONTINGENT UPON DEMONSTRATED PROGRESS AND COMPLIANCE WITH REPORTING REQUIREMENTS. GRANTEES ARE REQUIRED TO SUBMIT PERIODIC GRANT REPORTS CONSISTING OF (1) NARRATIVE REPORTS DESCRIBING PROGRESS TOWARD APPROVED ACTIVITIES AND OUTCOMES AND (2) FINANCIAL REPORTS COMPARING ACTUAL EXPENDITURES TO THE APPROVED GRANT BUDGET. GMA REVIEWS THESE REPORTS TO ENSURE THAT PROGRAMMATIC ACTIVITIES ALIGN WITH THE APPROVED PROPOSAL AND THAT EXPENDITURES ARE REASONABLE, PROPERLY CATEGORIZED, AND CONSISTENT WITH GRANT TERMS. WHEN NECESSARY, GMA FOLLOWS UP WITH GRANTEES TO REQUEST CLARIFICATION, ADDITIONAL DOCUMENTATION, OR SUPPORTING DETAIL. FOR MULTI-YEAR AWARDS, GMA REQUIRES SUBMISSION AND APPROVAL OF A YEAR-ONE NARRATIVE REPORT AND A YEAR-ONE FINANCIAL REPORT, INCLUDING BUDGET-TO-ACTUAL INFORMATION, PRIOR TO RELEASING SUBSEQUENT-YEAR FUNDING. THIS PROCESS ENSURES THAT CONTINUED FUNDING IS CONTINGENT UPON SATISFACTORY PERFORMANCE AND APPROPRIATE USE OF FUNDS. GMA MAINTAINS A SYSTEM OF INTERNAL CONTROLS THAT INCLUDES SEGREGATION OF DUTIES BETWEEN PROGRAMMATIC AND FINANCIAL OVERSIGHT. PROGRAM STAFF ARE RESPONSIBLE FOR REVIEWING NARRATIVE REPORTS AND ASSESSING PROGRESS TOWARD GRANT OBJECTIVES, WHILE FINANCE STAFF REVIEW FINANCIAL REPORTS, ANALYZE BUDGET-TO-ACTUAL VARIANCES, AND ENSURE ALIGNMENT WITH ACCOUNTING RECORDS. DISBURSEMENT APPROVALS AND FINANCIAL TRACKING ARE MANAGED THROUGH ESTABLISHED FINANCIAL CONTROLS TO ENSURE APPROPRIATE AUTHORIZATION AND DOCUMENTATION OF ALL GRANT PAYMENTS. X X X 0 0 0 0 0 0 0 1 0 KIM CARNAHAN CEO, BOARD MEMBER 486380 0 95417 0 0 0 7273 0 12455 0 601525 0 0 0 ANDRE DE FONTAINE MANAGING DIRECTOR 274950 0 55900 0 0 0 19851 0 29607 0 380308 0 0 0 ELLEN PALMER CHIEF FINANCE & OPERATIONS OFFICER 211500 0 42013 0 0 0 14151 0 26938 0 294602 0 0 0 KARI PEDERSON STRATEGY & EXTERNAL AFFAIRS OFFICER 198636 0 32802 0 0 0 13886 0 9342 0 254666 0 0 0 JACQUELINE BREW SENIOR MANAGER 183750 0 19150 0 0 0 12174 0 12199 0 227273 0 0 0 CLAYTON GERBER PROGRAM MANAGER 164375 0 24635 0 0 0 11341 0 9177 0 209528 0 0 0 ASHINI KHETPAL PROGRAM MANAGER 158509 0 16343 0 0 0 10491 0 13194 0 198537 0 0 0 JOAN GIBBONS PROGRAM MANAGER 165000 0 9392 0 0 0 10464 0 8142 0 192998 0 0 0 ALISON GREENE COMMUNICATIONS MANAGER 139590 0 24310 0 0 0 9834 0 14118 0 187852 0 0 0 PART I, LINE 7 PERFORMANCE BASED BONUS PAYMENTS TO INDIVIDUALS LISTED IN FORM 990, PART VII, SECTION A, LINE 1A ARE DISCLOSED IN SCHEDULE J, PART II, COLUMN BII FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT WILL SHARE THE 990 WITH THE BOARD OF DIRECTORS OVER EMAIL. THE BOARD OF DIRECTORS WILL BE ASKED TO APPROVE THE 990, PRIOR TO FILING, THE 2025 990 WILL BE PRESENTED TO THE BOARD BY THE PREPARERS AND VOTED ON AT A BOARD MEETING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE BOARD MEMBERS AND COVERED PERSONS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM IDENTIFYING ANY CIRCUMSTANCE A BOARD OR COVERED MEMBER BELIEVES COULD CONTRIBUTE TO A CONFLICT. PRIOR TO A BOARD ACTION ON A TRANSACTION INVOLVING A CONFLICT OF INTEREST, A BOARD OR COVERED MEMBER DISCLOSES ALL THE FACTS MATERIAL TO THE CONFLICT OF INTEREST. SUCH DISCLOSURES ARE REFLECTED IN THE MINUTES. THE COVERED MEMBER DOES NOT VOTE ON THE TRANSACTION. IN ADDITION, BOARD MEMBERS ALSO REVIEW ALL DISCLOSED CONFLICTS ON AN ANNUAL BASIS AND VOTE ON PERMISSIBILITY. FORM 990, PART VI, SECTION B, LINE 15A MARKET SALARY SURVEYS ARE CONDUCTED TO CREATE THE SALARY RANGE FOR THE CEO AND KEY EMPLOYEES. THE BOARD OF DIRECTORS APPROVES CEO COMPENSATION BASED ON THE RECENT SALARY SURVEY AND A REVIEW OF PERFORMANCE AGAINST GOALS, KEEPING IN MIND THE ORGANIZATION'S FINANCIAL HEALTH. THE CEO APPLIES THE SAME LOGIC IN DETERMINING, REVIEWING, AND APPROVING KEY EMPLOYEES COMPENSATION. THE LAST COMPENSATION REVIEW FOR THE CEO AND CFO TOOK PLACE IN DECEMBER 2025. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS DOCUMENTS AVAILABLE UPON REQUEST.