2026-07-22T07:57:55-05:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-07-01 922069788 CLIMATE UNITED FUND CLIM 8002480337 7550 WISCONSIN AVE 8TH FLOOR BETHESDA MD 20814 ELIZABETH BAFFORD CHIEF EXECUTIVE OFFICER 8002480337 2026-07-20 1 1 CHICHI MSANGI P01972113 5712279500 2026-06-30 2024 2025-03-06 01:10:19Z X ELIZABETH BAFFORD 7550 WISCONSIN AVE 8TH FLOOR BETHESDA MD 20814 48862682 0 X HTTPS://WEARECLIMATEUNITED.ORG X 2022 MD SUPPORT THE CLEAN ENERGY TRANSITION THROUGH INVESTING IN PROJECTS AND BUILDING MARKETS. 16 16 0 16 0 0 450000 46909167 0 0 16110 1735440 0 218075 466110 48862682 325881 12702595 0 0 634998 5976316 0 0 50533 868531 9087728 1829410 27766639 -1363300 21096043 1298287 7023978887 2111313 7003695870 -813026 20283017 DEMONSTRATING THE BENEFITS OF THE CLEAN ENEGY TRANSITION THROUGH INVESTMENTS IN THREE PRIORITY AREAS - DISTRIBUTED POWER GENERATION AND STORAGE, BUILDING DECARBONIZATION AND ELECTRIC TRANSPORTATION. 0 0 19416361 12702595 0 THE ORGANIZATION PROVIDES GRANTS, LOANS AND OTHER FORMS OF FINANCIAL ASSISTANCE TO ENABLE LOW INCOME AND DISADVANTAGED COMMUNITIES TO DEPLOY OR BENEFIT FROM ZERO EMISSION TECHNOLOGIES. 19416361 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 21 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 16 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 MD X KENERY GALLAGHER 3012806069 7550 WISCONSIN AVE 8TH FLOOR BETHESDA MD 20814 JENNIFER PRYCE DIRECTOR/CHAIR 1.00 0.00 X X 0 0 0 LORI LEA POURIER OGALA LAKOTA DIRECTOR 1.00 0.00 X 0 0 0 HAROLD PETTIGREW DIRECTOR 1.00 0.00 X 0 0 0 SADIE MCKEOWN DIRECTOR 1.00 0.00 X 0 0 0 ANDREW MARINO DIRECTOR (UNTIL 02/25) 1.00 0.00 X 0 0 0 MINDY LUBBER DIRECTOR 1.00 0.00 X 0 0 0 DOLORES HUERTA DIRECTOR 1.00 0.00 X 0 0 0 BRENDAN HERRON DIRECTOR (UNTIL 12/24) 1.00 0.00 X 0 0 0 CRYSTAL GERMAN DIRECTOR 1.00 0.00 X 0 0 0 RAFAEL E CESTERO DIRECTOR 1.00 0.00 X 0 0 0 MARTIN D EAKES DIRECTOR 1.00 0.00 X 0 0 0 MEESHA BROWN DIRECTOR 1.00 0.00 X 0 0 0 PHIL ANGELIDES DIRECTOR 1.00 0.00 X 0 0 0 DEBORAH BURAND DIRECTOR (FROM 03/25) 1.00 0.00 X 0 0 0 RENEE SATTIEWHITE DIRECTOR 1.00 0.00 X 0 0 0 PATRICE WILLOUGHBY DIRECTOR 1.00 0.00 X 0 0 0 ELIZABETH BAFFORD CEO AND PRESIDENT 35.00 5.00 X 313740 0 26719 STEPHANIE SEIBERG VP, ACCT & FIN (UNTIL 6/25) 40.00 0.00 X 50093 0 0 EMMELINE LIU GENERAL COUNSEL 22.00 18.00 X 145269 0 18114 MICHAEL GROSSMAN CHIEF INVEST. OFFICER (FROM 06/24) 40.00 0.00 X 175166 0 8275 ANTHONY COSTELLO CHIEF OPER. OFFICERS (FROM 09/24) 40.00 0.00 X 100930 0 0 CORTNEY MUKUSHI ASSOC. GENERAL COUNSEL (FROM 05/24) 33.00 7.00 X 115871 0 0 KEVIN FANFONI DIRECTOR OF INVESTMENTS 30.00 10.00 X 112936 0 11154 KRYSTAL LANGHOLZ CHIEF COMMUNITY OFFICER 32.00 8.00 X 136879 0 11814 1150884 0 76076 7 0 1 0 JENNER & BLOCK LLP 353 NORTH CLARK ST CHICAGO IL 60654 LEGAL SERVICES 971048 WEARERALLY LLC 5670 WILSHERE BLVD SUITE 820 LOS ANGELES CA 90036 COMMUNICATIONS SERVICES 185096 2 46306919 602248 46909167 1735440 1735440 LOAN ORIGINATION FEE I 900099 218075 218075 218075 48862682 0 0 1953515 12702595 12702595 1396934 823917 573017 3424626 2027881 1356468 40277 81123 52140 28140 843 719247 415392 297439 6416 354386 209238 142151 2997 3561307 3561307 145237 145237 3283 3283 1329856 902860 426996 571776 110723 461053 168905 76649 92256 114645 32702 81943 319854 159268 160586 93862 71572 22290 109745 13831 95914 825812 1622 824190 REGISTRATION FEES 1795704 1795704 EQUIPMENT AND SOFTWARE 47742 20267 27475 27766639 19416361 8299745 50533 706120 523874 2336980508 4662505408 119553 20650608 592167 810562 13889 639 0 13250 0 2375124 1298287 7023978887 1456942 2076640 52085117 654371 6949534113 2111313 7003695870 X -1246805 20283017 433779 0 -813026 20283017 1298287 7023978887 21096043 0 X 0 1 X 1 1 1 X 1298415 47359167 48657582 1298415 47359167 48657582 48657582 3203 1751550 1754753 218075 218075 50630410 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 1 50 0 1 3283 3333 0 PART II-B, LINE 1: THE ACTIVITIES WERE RELATING TO PREVENTING THE REPEAL OF THE GREENHOUSE GAS REDUCTION FUND. 13889 639 13250 13250 DUE TO RELATED PARTIES 216455 REFUNDABLE ADVANCE 6947042631 LEASE LIABILITY 2275027 6949534113 X 48862682 0 48862682 0 48862682 27766639 0 27766639 0 27766639 PART X, LINE 2: CUF RECEIVED A DETERMINATION LETTER FROM THE INTERNAL REVENUE SERVICE EXEMPTING THE ORGANIZATION FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC). CUF IS CLASSIFIED AS A PUBLIC CHARITY UNDER SECTION 170(B)(1)(A)(VI) OF THE IRC. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE PROVISIONS OF ASC 740, INCOME TAXES, REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE-LIKELY-THAN-NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN THAT ARE NOT CERTAIN TO BE REALIZED. AS OF JUNE 30, 2025, MANAGEMENT HAS ASSESSED ITS VARIOUS TAX POSITIONS AND BELIEVES THERE ARE NO LIABILITIES FOR UNCERTAIN TAX POSITIONS. 1 SELF-HELP CLIMATE CAPITAL LLC 301 W MAIN STREET DURHAM NC 277013215 932892180 501 (C)(3) 1957560 0 N/A N/A SUPPORT FOR NATIONAL CLEAN INVESTMENT FUND GRANT CPC CLIMATE CAPITAL LLC 220 EAST 42ND STREET 16TH FLOOR NEW YORK NY 10017 932524512 501 (C)(3) 10745035 0 N/A N/A SUPPORT FOR NATIONAL CLEAN INVESTMENT FUND GRANT 2 0 PART I, LINE 2: PROGRAM MANAGERS, COMPLIANCE AND FINANCE ALL USE VARIOUS METHODS TO MONITOR USE OF GRANT FUNDS INCLUDING REPORTS TO DONORS AND REVIEW OF TRANSACTIONS CHARGED TO GRANTS TO ENSURE COMPLIANCE WITH GRANT TERMS. X X X 0 0 0 0 0 0 0 0 0 ELIZABETH BAFFORD CEO AND PRESIDENT 313740 0 0 0 0 0 11502 0 15217 0 340459 0 0 0 MICHAEL GROSSMAN CHIEF INVEST. OFFICER (FROM 06/24) 175166 0 0 0 0 0 0 0 8275 0 183441 0 0 0 EMMELINE LIU GENERAL COUNSEL 145269 0 0 0 0 0 7353 0 10761 0 163383 0 0 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD MAY DESIGNATE ONE OR MORE COMMITTEES. EACH COMMITTEE IS TO CONSIST OF ONE OR MORE OF THE DIRECTORS OF THE CORPORATION WITH SUCH LAWFULLY DELEGABLE POWERS AND DUTIES AS THE BOARD THEREBY CONFERS TO SERVE AT THE PLEASURE OF THE BOARD (EACH SUCH COMMITTEE, A "BOARD COMMITTEE"). ANY BOARD COMMITTEE, TO THE EXTENT PROVIDED IN THE RESOLUTION OR COMMITTEE CHARTER APPROVED BY THE BOARD AND SUBJECT TO THE PROVISIONS OF LAW, SHALL HAVE AND MAY EXERCISE ALL THE POWERS AND AUTHORITY OF THE BOARD IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION. ANY COMMITTEE COMPOSED OF ANY VOTING MEMBERS WHO ARE NOT DIRECTORS SHALL BE ADVISORY IN NATURE ONLY. NO BOARD COMMITTEE SHALL HAVE THE POWER OR AUTHORITY IN REFERENCE TO: (I) ADOPTING, AMENDING, OR REPEALING ANY OF THESE BYLAWS, OR ADOPTING OR AMENDING ANY PROVISION OF THE CERTIFICATE OF INCORPORATION, (II) APPROVING, ADOPTING, OR RECOMMENDING TO THE MEMBER ANY ACTION OR MATTER (OTHER THAN THE ELECTION OR REMOVAL OF DIRECTORS) EXPRESSLY REQUIRED BY THE DGCL TO BE SUBMITTED TO THE MEMBER FOR APPROVAL, (III) ANY ACTIONS THAT MAY REQUIRE THE APPROVAL OF THE ENTIRE BOARD UNDER APPLICABLE LAW, THE CERTIFICATE OF INCORPORATION, OR THESE BYLAWS, (IV) FILLING VACANCIES IN THE BOARD OR ANY COMMITTEE, (V) ELECTING, APPOINTING, OR REMOVING ANY MEMBER OF ANY COMMITTEE OR ANY OFFICER, OR (VI) AMENDING OR REPEALING ANY RESOLUTION OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 CALVERT IMPACT, INC. IS THE SOLE MEMBER OF CLIMATE UNITED FUND. FORM 990, PART VI, SECTION A, LINE 7A CUF'S GOVERNANCE AND NOMINATIONS COMMITTEE NOMINATES POTENTIAL DIRECTORS OF THE BOARD. CALVERT IMPACT, INC. DOES NOT HAVE THE AUTHORITY TO DETERMINE THE PERSONS THAT CAN BE NOMINATED OR CONTROL THE NOMINATING COMMITTEE. CALVERT IMPACT, INC. IS LIMITED TO APPOINTING ONLY DIRECTORS OF THE BOARD THAT HAVE BEEN NOMINATED BY THE MAJORITY INDEPENDENT GOVERNANCE AND NOMINATIONS COMMITTEE. CALVERT IMPACT, INC. DOES NOT HAVE THE AUTHORITY TO APPOINT A PERSON THAT HAS NOT BEEN NOMINATED BY THE MAJORITY INDEPENDENT COMMITTEE. FORM 990, PART VI, SECTION A, LINE 7B THERE ARE CERTAIN RIGHTS WHICH ARE RESERVED BY THE PARENT ENTITY (CALVERT IMPACT, INC.) WHICH ARE CONTAINED WITHIN THE CUF ORGANIZATIONAL DOCUMENTS. FOR EXAMPLE, CALVERT IMPACT MUST APPROVE CHANGES TO THE FISCAL YEAR END OF CUF. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WILL BE REVIEWED BY THE CHIEF EXECUTIVE OFFICER AND VP, ACCOUNTING AND FINANCE, BEFORE IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED BY A COMPLIANCE OFFICER AND ASSOCIATE WITH CALVERT IMPACT CAPITAL, WHO OVERSEE THE CONFLICT OF INTEREST POLICY. THE MEMBERS OF THE GOVERNING BODY ANNUALLY REPORT ANY CONFLICTS TO THE OFFICER WHO WILL NOTIFY THE AUDIT COMMITTEE TO ENFORCE THE POLICY. IN THE EVENT THAT A CONFLICT ARISES, THE MEMBER OF THE GOVERNING BODY WILL RECUSE THEMSELVES FROM VOTING ON ANY MATTER THAT APPLIES TO THE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION HAS A PROCESS IN PLACE FOR DETERMINING COMPENSATION OF TOP MANAGEMENT OFFICIALS, INCLUDING THE CEO AND KEY EMPLOYEES, WHICH INVOLVES APPROVAL BY SENIOR MANAGEMENT AND/OR THE BOARD, AS APPROPRIATE. COMPENSATION DECISIONS ARE BASED ON INDIVIDUAL PERFORMANCE, OVERALL ORGANIZATIONAL PERFORMANCE, AND CURRENT MARKET CONDITIONS AND DATA. THIS PROCESS WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 CLIMATE UNITED FUND'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. REASON FOR AMENDMENT: CLIMATE UNITED FUND IS FILING AN AMENDED FORM 990 TO UPDATE AND CORRECT CERTAIN GOVERNANCE, TAX COMPLIANCE, AND RELATED-ORGANIZATION DISCLOSURES REPORTED ON THE ORIGINALLY FILED RETURN. THE AMENDMENTS ARE INTENDED TO REFLECT THE ORGANIZATION'S CURRENT BOOKS-AND-RECORDS RESPONSIBILITY, CLARIFY COMMITTEE AUTHORITY AND RELATED GOVERNANCE DISCLOSURES, AND REVISE SCHEDULE R TO ACCURATELY IDENTIFY RELATED ORGANIZATIONS. PART VI, SECTION C, LINE 20: THE RESPONSE WAS AMENDED TO UPDATE THE INDIVIDUAL RESPONSIBLE FOR MAINTAINING THE ORGANIZATION'S BOOKS AND RECORDS FROM STEPHANIE SEIBERG TO KENERY GALLAGHER. PART VI, SECTION A, LINE 1A: THE RESPONSE WAS AMENDED TO UPDATE WHETHER THE GOVERNING BODY DELEGATED BROAD AUTHORITY TO AN EXECUTIVE COMMITTEE OR SIMILAR COMMITTEE. A CORRESPONDING EXPLANATORY DISCLOSURE WAS ADDED ON SCHEDULE O. PART V, SECTION A, LINE 8B: THE RESPONSE REGARDING WHETHER THE ORGANIZATION CONTEMPORANEOUSLY DOCUMENT THE MEETINGS HELD OR WRITTEN ACTIONS UNDERTAKEN DURING THE YEAR BY EACH COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY WAS AMENDED FROM "NO" TO "YES." SCHEDULE R, PARTS IIII: THE FOLLOWING ENTITIES WERE REMOVED BECAUSE THEY ARE UNRELATED TO CLIMATE UNITED FUND: EQUITY FOR IMPACT, LP; FPIF FEEDER FACILITY LP; AND IMPACTASSETS FUNDED GUARANTEE LP. SCHEDULE R, PARTS IIV: COMMUNITY INVESTMENT PARTNERS, INC. WAS REMOVED BECAUSE IT IS UNRELATED TO CLIMATE UNITED FUND. SCHEDULE R, PARTS IIV: THE FOLLOWING RELATED ENTITIES WERE ADDED: CALVERT IMPACT, OTOF LLC; CALVERT IMPACT SMALL BUSINESS, LLC; CALVERT IMPACT ADVISORY SERVICES, LLC; AND CALVERT IMPACT MDBF, LLC. 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