Overview
What is Verra?
Verra is a Washington, D.C.-based nonprofit organization with a workforce of 72 individuals. They specialize in certifying greenhouse gas (GHG) emission reduction projects, adhering to a stringent set of rules and requirements for environmental integrity. Verra's mission extends beyond this, as they develop and manage standards to help various sectors, including countries, the private sector, and civil society, achieve their sustainable development and climate action goals. Their headquarters are located at One Thomas Circle NW 1050, Washington, DC 20005.
Official website here: www.verra.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Stars)
Verra has received a commendable Four-Star rating from Charity Navigator, reflecting strong performance in accountability and finance. The rating emphasizes that the organization has a commitment to transparency and responsible management of funds, which is crucial for donor trust and engagement. The organization excels in various areas such as having a fully independent board and well-documented policies that guide operations.
The fiscal year 2023 data highlights Verra's effective use of resources, with a program expense ratio of 66.98%. This suggests that a substantial proportion of its funds are directed towards programmatic work rather than administrative costs. Verra's financial health is solid, as indicated by a low liabilities to assets ratio of 9.47%, further reinforcing the stability and reliability of the organization.
While the rating is impressive, it is worth noting that the program expense ratio could be further improved to maximize impact. However, the existing governance structure and financial practices position Verra as a reputable organization within the nonprofit sector, providing assurance to stakeholders about its operational integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Verra legitimate?
Verra is a legitimate nonprofit organization registered as a 501(c)(3) entity. Verra submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,563,025
Professional Fundraising Fees: $0
Other Salaries and Wages: $9,086,965
For more financial information, click here
Official website here: www.verra.org/
What is the mission statement of Verra?
Verra is an organization dedicated to helping various entities, including countries, private sectors, and civil society, reach their sustainable development and climate action goals. To accomplish this mission, Verra develops and manages rigorous standards that ensure the environmental integrity of projects aimed at reducing greenhouse gas emissions. One of Verra's programs, the VCS Program, certifies emission reduction projects based on these stringent rules and requirements. By providing this service, Verra contributes significantly to the global effort to mitigate climate change and promote sustainable development.
Official website here: www.verra.org/
Who is the CEO of Verra?
Judith Simon is the Principal Officer of Verra. The CEO's salary of Verra is $376,365 and their total compensation is $428,965.
Official website here: www.verra.org/
What is the revenue of Verra?
Verra's revenue in 2022 was $32,424,242.
Official website here: www.verra.org/
Who are the executives of Verra and what are their salaries?
The average compensation at Verra during 2022 was $147,917. There are 72 employees at Verra.
Here are 20 key members and their salaries (Verra's CEO's salary is $376,365 and their total compensation is $428,965):
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- Compensation: $376,365
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- Other: $52,600
- Compensation: $270,735
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- Other: $41,544
- Compensation: $271,841
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- Other: $48,903
- Compensation: $235,913
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- Other: $17,201
- Compensation: $226,837
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- Other: $21,086
- Compensation: $191,959
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- Other: $31,963
- Compensation: $188,415
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- Other: $24,544
- Compensation: $156,305
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- Other: $36,209
- Compensation: $137,994
- Related: $0
- Other: $14,087
- Compensation: $137,968
- Related: $0
- Other: $31,232
Official website here: www.verra.org/
Where can I find the form 990 for Verra?
Verra's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.verra.org/
Learn more at the official website: www.verra.org/
Mission Statement of Verra
Verra, a pioneering organization, is dedicated to advancing sustainable development and climate action globally. By creating and administering stringent standards, Verra empowers countries, businesses, and communities to reach their sustainability targets.
At the heart of Verra's mission lies the development and management of standards that foster sustainable progress. These standards enable countries, the private sector, and civil society to make significant strides towards their environmental and climate objectives. Through rigorous certification processes, Verra ensures the integrity and credibility of these initiatives.
One of Verra's primary programs is the VCS Program, which plays a crucial role in this mission. The VCS Program meticulously certifies greenhouse gas (GHG) emission reduction projects, adhering to a robust set of rules and requirements. By doing so, the VCS Program guarantees that these projects contribute genuinely to the global efforts to mitigate climate change. This meticulous certification process offers transparency, reliability, and trustworthiness to investors, governments, and the public. Verra's mission continues to inspire and facilitate sustainable development and climate action, ensuring a greener, more resilient future for all.
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Impact
October, 2024
Verra plays a crucial role in advancing sustainable development and climate action by developing and managing high-quality standards. One of its key initiatives, the VCS Program, certifies greenhouse gas (GHG) emission reduction projects. This certification is based on a rigorous set of rules and requirements that ensure the environmental integrity of these projects, thus promoting genuine progress in reducing emissions. Through its work, Verra empowers countries, the private sector, and civil society to effectively meet their sustainability goals, ultimately contributing to a healthier planet.
This information is meant to be a general summary of Verra. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $490,350
- Program Service Revenue: $31,441,144
- Gross Receipts: $32,424,636
Assets and Liabilities:
- Total Assets: $57,769,889
- Total Liabilities: $5,102,408
- Net Assets: $52,667,481
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VCS, CCB, and SDVista levies
Revenue
$27,655,005
Project registration fees
Revenue
$3,023,519
Ver., Val., & Acct. opening fees
Revenue
$661,000
VVB annual fees
Revenue
$75,000
Other program income
Revenue
$26,620
Organization Details
Founding Year
2009
Phone
(202) 480-2282Principal Officer
Judith Simon
Main Address
One Thomas Circle NW 1050, Washington, DC, 200055817
Website
www.verra.org/NTEE Category
Code: C20 - Environment
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