2026-05-04T12:48:43-05:00 2025-12-31 390859910 BAKER TILLY ADVISORY GROUP LP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2025-01-01 911829325 OREGON CLIMATE TRUST OREG 5032381915 80 SE MADISON STREET 216 PORTLAND OR 97214 JULIUS PASAY EXECUTIVE DIRECTOR 5032381915 2026-05-01 1 CHAD SCHRAUFNAGEL P00446922 5032421447 2026-04-29 2025 2025-03-06 01:10:19Z JULIUS PASAY 80 SE MADISON STREET 216 PORTLAND OR 97214 21329241 0 X WWW.CLIMATETRUST.ORG X 1997 OR THE CLIMATE TRUST PIONEERS ACCESSIBLE CARBON MARKET SOLUTIONS THAT BENEFIT OUR CLIMATE THROUGH GOOD LAND STEWARDSHIP. 8 8 16 10 0 0 8527 3822 11976852 16976063 894506 1185384 0 0 12879885 18165269 0 0 0 0 2210486 2469610 0 0 0 8075625 14645845 10286111 17115455 2593774 1049814 26554668 25641627 1911090 3118534 24643578 22523093 X THE CLIMATE TRUST PIONEERS ACCESSIBLE CARBON MARKET SOLUTIONS THAT BENEFIT OUR CLIMATE THROUGH GOOD LAND STEWARDSHIP. 0 0 16039171 16976063 THE CARBON OFFSET PROGRAM RECEIVES FUNDS FROM THE MANAGEMENT OF PROGRAMS AND THE SALE OF VOLUNTARY AND COMPLIANCE OFFSETS TO THIRD-PARTY BUYERS. IMPLEMENTS, FINANCES, MONITORS AND ADMINISTERS CONTRACTS WITH THIRD PARTIES FROM PROJECT ACTIONS THAT PRODUCE MEASURABLE AND VERIFIABLE GREENHOUSE GAS REDUCTIONS "CARBON OFFSETS". CARBON OFFSET CONTRACTS ARE AWARDED TO OTHER ENTITIES IN ACCORDANCE WITH THE ORGANIZATION'S MISSION.THE ORGANIZATION'S TRACK RECORD IS BASED ON OVER TWO DECADES OF EXPERIENCE MANAGING CARBON OFFSET PROJECTS. THE ORGANIZATION INVESTS AND ENGAGES IN THE EARLY STAGES OF PROJECT DEVELOPMENT, WHEN OWNERS ARE SEEKING TO REDUCE RISK AND NEED OPERATIONAL EXPERTISE TO ENSURE THEIR CARBON PROJECTS ARE SUCCESSFUL. THE ORGANIZATION'S CARBON OFFSET PROJECT DEVELOPMENT EXPERTISE AND SUPPORT FOR CLIMATE MITIGATION POLICIES HAS ENCOURAGED MISSION-ALIGNED PARTNERS TO ENTER THE CARBON MARKETS. 16039171 1 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 16 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR X X THE ORGANIZATION 5032381915 80 SE MADISON STREET 216 PORTLAND OR 97214 DAVID VAN'T HOF BOARD CHAIR 1.00 X X 0 0 0 KELLEY BEAMER VICE-CHAIR 1.00 X X 0 0 0 MORGAN RIDER SECRETARY 1.00 X X 0 0 0 BRAD HUNTER TREASURER 1.00 X X 0 0 0 ALEXIS NELSON DIRECTOR 1.00 X 0 0 0 DAVID YEH DIRECTOR (THRU 01/2025) 1.00 X 0 0 0 RYAN MCGRAW DIRECTOR (THRU 01/2025) 1.00 X 0 0 0 STEPHEN DONOFRIO DIRECTOR 1.00 X 0 0 0 PAT OSHIE DIRECTOR 1.00 X 0 0 0 CHERIE KEARNEY DIRECTOR 1.00 X 0 0 0 JULIUS PASAY EXECUTIVE DIRECTOR 40.00 X 273593 0 18207 KAREN WARD CHIEF FINANCIAL OFFICER 40.00 X 239576 0 18443 KYLER SHERRY CHIEF OPERATING OFFICER 40.00 X 162741 0 12569 JEREMY KOSLOWSKI DIRECTOR OF FOREST CARBON PARTNERSHIPS 40.00 X 154365 0 14125 VICTORIA LOCKHART DIRECTOR OF REFORESTATION 40.00 X 175435 0 16222 MADELINE MONTAGUE DIRECTOR OF FOREST CARBON DEVELOPMENT 40.00 X 122939 0 12181 JARED O'SHAUGHNESSY OPERATIONS MANAGER 40.00 X 113241 0 14884 TRAVIS CROFT PROGRAM MANAGER 40.00 X 110760 0 10974 1352650 0 117605 8 0 1 0 ANEW CARBON DEVELOPMENT LLC 3200 SW FREEWAY STE 1310 HOUSTON TX 77027 OFFSET PURCHASES 3581370 CLIMECO 1 EAST PHILADELPHIA AVE BOYERTOWN PA 19512 OFFSET PURCHASES 569465 TERRACARBON LLC 1822 W WILLOW WOOD DR PEORIA IL 61614 PROJECT CONTRACTOR 316554 TUV SUD AMERICA INC 401 EDGEWATER PL STE 500 WAKEFIELD MA 01880 PROJECT VERIFIER 171132 APX INC PO BOX 24133 NEW YORK NY 10087 OFFSET REGISTRY FEES 113132 9 3822 3822 OFFSET PROJECT REVENUE 900099 7668458 7668458 CLIMATE CONSULTING 900099 5843431 5843431 PILOT PROJECT REVENUE 900099 2682533 2682533 OFFSET FEE REVENUE 900099 781641 781641 16976063 256393 256393 4092963 3163972 928991 928991 928991 18165269 16976063 0 1185384 725127 554011 171116 1239014 946631 292383 75038 57330 17708 280904 214616 66288 149527 114242 35285 79812 79812 113697 113697 34437 34437 807628 722800 84828 148324 34301 114023 21143 4292 16851 9520 7273 2247 133655 68700 64955 17776 16976 800 61666 61666 OFFSET CONTRACTS 8332108 8332108 INCENTIVE PAYMENTS 3847713 3847713 SEEDLINGS 720755 720755 BUFFER CREDIT COST 317611 317611 17115455 16039171 1076284 0 1042320 1541530 977012 6882059 1067907 1453639 4146524 3483971 651576 639435 8484347 4851037 8437150 5156890 1747832 1633066 26554668 25641627 998018 1812682 913072 1305852 1911090 3118534 X 24643578 22523093 24643578 22523093 26554668 25641627 X 1049814 -350252 -2820047 X 0 1 X 1 0 X 24392 22481 8592 8527 3822 67814 13942433 9307444 9091716 11976852 16976063 61294508 13966825 9329925 9100308 11985379 16979885 61362322 0 297592 481844 2940897 5614355 9334688 297592 481844 2940897 5614355 9334688 52027634 404194 323959 384536 302128 256393 1671210 404194 323959 384536 302128 256393 1671210 14371019 9653884 9484844 12287507 17236278 63033532 0.82540 0.89970 0.02650 0.03320 X 17115455 17115455 1000000 250000 0 0 461957 478363 664306 1000000 2604626 3906939 5000 5000 115489 119591 166077 250000 651157 976736 0 INVESTMENTS IN PILOT PROJECTS 3622103 F INVESTMENTS IN PROJECT DEVELOPMENT 1534787 F 5156890 CONTRACT ASSETS 1633066 1633066 X 14960533 -350252 -2820047 -3170299 18130832 34437 34437 18165269 17081018 0 17081018 34437 34437 17115455 PART X, LINE 2: OCT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS OCT HAS NO ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX. OCT IS NOT A PRIVATE FOUNDATION. OCT RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. OCT RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN MANAGEMENT AND GENERAL EXPENSE. OCT HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2025 AND 2024. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2025 AND 2024. OCT FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. THE CTC'S ARE SINGLE MEMBER LIMITED LIABILITY CORPORATIONS OR LIMITED PARTNERSHIPS WITH NO LIMITED PARTNERS, ALL CONTROLLED BY OCT AND CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS - PILOT PROJECTS -2,820,047. X X X X X 0 0 0 0 0 1 0 0 0 JULIUS PASAY EXECUTIVE DIRECTOR 228140 0 42693 0 2760 0 10833 0 7374 0 291800 0 0 0 KAREN WARD CHIEF FINANCIAL OFFICER 198416 0 38400 0 2760 0 9473 0 8970 0 258019 0 0 0 VICTORIA LOCKHART DIRECTOR OF REFORESTATION 144675 0 28000 0 2760 0 6907 0 9315 0 191657 0 0 0 KYLER SHERRY CHIEF OPERATING OFFICER 129181 0 30800 0 2760 0 5195 0 7374 0 175310 0 0 0 JEREMY KOSLOWSKI DIRECTOR OF FOREST CARBON PARTNERSHIPS 127025 0 24580 0 2760 0 6064 0 8061 0 168490 0 0 0 PART I, LINE 6 QUALIFYING STAFF RECEIVE A PERFORMANCE AWARD UPON MEETING CERTAIN PERFORMANCE TARGETS AND CERTIFICATION. THE PERFORMANCE AWARD IS LIMITED TO 20% OF AN INDIVIDUAL'S ANNUAL SALARY. NOTWITHSTANDING, THE AMOUNT OF THE AWARD TO AN OFFICER IS LIMITED IF THE AWARD CAUSES SUCH COMPENSATION TO BE HIGHER THAN COMPARABLE COMPENSATION MARKET AMOUNTS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT REVIEWS FORM 990 AND PROVIDES COPIES TO THE FULL BOARD OF DIRECTORS PRIOR TO THEIR REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHERE POTENTIAL CONFLICTS ARE REVIEWED REGULARLY AT BOARD MEETINGS AND THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD REVIEWS AND APPROVES ALL COMPENSATION PAID TO THE OFFICERS OF THE ORGANIZATION. COMPENSATION DECISIONS BY THE BOARD AND DULY AUTHORIZED EMPLOYEES ARE BASED ON ANNUAL EVALUATION OF JOB PERFORMANCE AND UPDATED COMPARABILITY DATA WHICH INCLUDES BUT IS NOT LIMITED TO COMPENSATION LEVELS PAID BY SIMILAR ORGANIZATIONS FOR COMPARABLE POSITIONS AND CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CONSIDERS ALL REQUESTS ON A CASE BY CASE BASIS BEYOND THE EXTENSIVE INFORMATION CONTAINED IN ITS ANNUAL REPORT, FORM 1023 AND FORMS 990. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE ACCESSIBLE ON THE ORGANIZATION'S WEBPAGE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS - PILOT PROJECTS -2,820,047. CLIMATE TRUST CAPITAL LLC 80 SE MADISON STREET SUITE 216 PORTLAND OR 97214 813699300 CARBON OFFSET PROGRAMS DE 100 OREGON CLIMATE TRUST CLIMATE TRUST CAPITAL FUND I GP LLC 80 SE MADISON STREET SUITE 216 PORTLAND OR 97214 813707354 CARBON OFFSET PROGRAMS DE 100 CLIMATE TRUST CAPITAL LLC CLIMATE TRUST CAPITAL FUND I LP 80 SE MADISON STREET SUITE 216 PORTLAND OR 97214 813726007 CARBON OFFSET PROGRAMS DE 2697997 8441467 CLIMATE TRUST CAPITAL FUND I GP LLC