Overview
What is The Climate Group Inc?
The Climate Group Inc, a nonprofit based in New York, is dedicated to promoting climate action on a global scale. By bringing together businesses and governments, they aim to influence markets and policies, with the ultimate goal of achieving net-zero carbon emissions by 2050 while ensuring prosperity for all. This year has seen significant growth in their major initiatives, with a shift back to physical events to support their role in convening climate action. Notable events include Climate Week NYC, which grew to over 500 events, and the US Climate Action Summit, a new annual event focused on US opportunities for climate action. The Climate Group's focus areas include electric vehicles, renewable energy, and the built environment, attracting new members and creating opportunities for various activities. As the Secretariat of the Under2 Coalition, they have also seen positive engagement at a subnational level, enabling them to align their work with their systems priorities. With a workforce of 26 individuals, The Climate Group embodies a commitment to accelerating climate action and creating a sustainable future.
Official website here: www.theclimategroup.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 72%, earning it a Two-Star out of Four Star rating.
The Climate Group Inc has received a 72% rating from Charity Navigator, reflecting a moderate level of performance in terms of accountability and financial management. The organization excels in several areas including having a fully independent board, strong oversight of financial statements, and effective policies on conflicts of interest and whistleblower protections. Their program expense ratio is notably high at 75.80%, indicating that a significant portion of their expenditures goes directly towards their mission-related activities.
However, despite these strengths, The Climate Group Inc faces challenges related to its financial sustainability, as indicated by a liabilities to assets ratio of 126.34% and a negative working capital ratio of -0.07 years. These figures suggest that the organization may be operating with financial strain, raising concerns about its long-term viability. This situation is critical for potential donors to consider, as it may impact the organization's ability to fulfill its mission effectively over time.
Overall, while The Climate Group Inc demonstrates robust governance practices and a solid commitment to its programs, its financial challenges could affect its operational stability. Donors and supporters should weigh these factors carefully when deciding to engage with the organization.
This AI summary has been generated from information found on Charity Navigator.
Is The Climate Group Inc legitimate?
The Climate Group Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Climate Group Inc 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: $352,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $663,349
For more financial information, click here
Official website here: www.theclimategroup.org
What is the mission statement of The Climate Group Inc?
The Climate Group Inc is an independent, non-profit organization that works towards a common goal: a world with net zero carbon emissions by 2050, aiming for a more prosperous future for all. Their mission is multifaceted, serving as a catalyst to drive climate action and promote the scaling of innovative solutions. The organization actively collaborates with international businesses and governments, leveraging the power of communication to stimulate ambition and speed. Their primary focus is to accelerate the transition towards a sustainable and low-carbon economy.
Official website here: www.theclimategroup.org
Who is the CEO of The Climate Group Inc?
Unavailable
Official website here: www.theclimategroup.org
What is the revenue of The Climate Group Inc?
The Climate Group Inc's revenue in 2022 was $4,519,252.
Official website here: www.theclimategroup.org
Who are the executives of The Climate Group Inc and what are their salaries?
The average compensation at The Climate Group Inc during 2022 was $39,077. There are 26 employees and 10 volunteers at The Climate Group Inc.
Here are 15 key members and their salaries:
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- Compensation: $163,895
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- Compensation: $105,220
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- Other: $8,132
Official website here: www.theclimategroup.org
Where can I find the form 990 for The Climate Group Inc?
The Climate Group Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.theclimategroup.org
Learn more at the official website: www.theclimategroup.org
Mission Statement of The Climate Group Inc
The Climate Group, a non-profit organization, is on a mission to unite global businesses and governments with the shared goal of achieving a world free of carbon emissions by 2050. This ambitious objective is not only focused on reducing emissions but also aims to foster prosperity for all. The Climate Group serves as a catalyst, accelerating the adoption of innovative and effective solutions to combat climate change. Through strategic communication, they strive to build ambition and accelerate the pace of climate action. As an independent, tax-exempt organization, The Climate Group's mission is to drive forward the fight against climate change, transforming markets and policies to align with a sustainable, carbon-neutral future.
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Impact
June, 2024
The Climate Group Inc plays a pivotal role in driving climate action by bringing together international businesses and governments to shift markets and policies towards the ambitious goal of achieving a world of net zero carbon emissions by 2050. Its impactful initiatives have seen significant growth, notably through events like Climate Week NYC and the US Climate Action Summit, which convene senior figures from business and government to accelerate climate action. The organization's focus on electric vehicles, renewable energy, and the built environment has attracted new members and created opportunities for ambitious activities across systems and government networks. Through initiatives like EV100, RE100, and EP100, The Climate Group is catalyzing real-world impact, with members collectively committing to sustainable practices and driving significant reductions in emissions and energy consumption. The organization's efforts extend to influencing policy at various levels, such as supporting the adoption of the Inflation Reduction Act (IRA) in the United States to allocate funding for energy security and climate change investments. Additionally, partnerships like the Green Recovery Alliance aim to empower US subnational governments to prioritize climate resilience and social equity in their economic growth strategies. The Climate Group's collaborative approach and focus on innovation position it as a key player in the global effort to combat climate change and build a sustainable future for all.
This information is meant to be a general summary of The Climate Group Inc. 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: $366
- Gross Receipts: $4,519,252
Assets and Liabilities:
- Total Assets: $1,373,381
- Total Liabilities: $1,176,515
- Net Assets: $196,866
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Organization Details
Founding Year
2004
Phone
(646) 233-0550Main Address
335 Madison Ave 4th Floor, NEW YORK, NY, 10173
Website
www.theclimategroup.orgNTEE Category
Code: C122 - Environment
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