Overview
What is Western Climate Initiative Inc?
Western Climate Initiative Inc is a non-profit organization based in Sacramento, California. It primarily focuses on providing administrative and technical support for the development and implementation of greenhouse gas emissions trading programs across the Americas. The organization's support encompasses creating a registry to track allowances and offset certificates, administering allowance auctions, and conducting market monitoring of allowance auctions and offset certificate trading. The current board of directors includes officials from Quebec, Nova Scotia, California, and Washington. This organization's support can be extended to other jurisdictions that join in the future. Currently, the organization has a staff of 15 employees.
Official website here: www.wci-inc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% - Four-Star out of Four Stars
Western Climate Initiative Inc has earned a notable Four-Star rating from Charity Navigator, reflecting exceptional performance in Accountability & Finance. This perfect score indicates a strong commitment to transparent and responsible management of resources, which is crucial for donor confidence and organizational integrity.
The organization showcases a robust governance structure, with a fully independent board, and effective financial oversight. They have implemented various policies, such as conflict of interest and whistleblower protections, contributing to a high level of accountability. Additionally, the organization maintains an impressive program expense ratio of 80.18%, indicating that a significant portion of their funds is directed toward their mission-related programs.
While the financial health indicators such as liabilities to assets ratio are strong, there is no specific mention of programmatic outcomes or beneficiary feedback in the available data. This lack of qualitative impact assessment may limit a comprehensive understanding of the organization's effectiveness in achieving its mission objectives.
This AI summary has been generated from information found on Charity Navigator.
Is Western Climate Initiative Inc legitimate?
Western Climate Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Western Climate Initiative 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: $201,859
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,084,140
For more financial information, click here
Official website here: www.wci-inc.org
What is the mission statement of Western Climate Initiative Inc?
The Western Climate Initiative Inc serves as an administrative and technical support system, dedicated to the development and implementation of greenhouse gas emissions trading programs across the Americas. Its mission involves creating a registry to monitor both allowances and offset certificates, administering auction events for allowances, and conducting market monitoring for allowance auctions and trading of allowance and offset certificates. Currently, the organization's board of directors includes representatives from Quebec, Nova Scotia, California, and Washington. The support provided by the initiative can be extended to other jurisdictions that choose to join in the future.
Official website here: www.wci-inc.org
Who is the CEO of Western Climate Initiative Inc?
Greg Tamblyn is the Chair of Western Climate Initiative Inc.
Official website here: www.wci-inc.org
What is the revenue of Western Climate Initiative Inc?
Western Climate Initiative Inc's revenue in 2022 was $9,913,172.
Official website here: www.wci-inc.org
Who are the executives of Western Climate Initiative Inc and what are their salaries?
The average compensation at Western Climate Initiative Inc during 2022 was $85,733. There are 15 employees at Western Climate Initiative Inc.
Here are 14 key members and their salaries:
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- Compensation: $192,545
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- Compensation: $169,664
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- Compensation: $121,072
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- Other: $11,757
- Compensation: $125,502
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- Other: $6,542
- Compensation: $125,464
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- Other: $6,119
Official website here: www.wci-inc.org
Where can I find the form 990 for Western Climate Initiative Inc?
Western Climate Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.wci-inc.org
Learn more at the official website: www.wci-inc.org
Mission Statement of Western Climate Initiative Inc
The Western Climate Initiative Inc plays a significant role in the Americas by offering administrative and technical support for the development and implementation of greenhouse gas emissions trading programs. This organization is dedicated to advancing such initiatives, working tirelessly to help transition towards a cleaner, more sustainable future.
The organization's primary focus is on the development and implementation of emissions trading programs. This involves creating a registry that tracks both allowances and offset certificates, administering allowance auctions, and conducting market monitoring of allowance auctions and offset certificate trading. By providing this support, the Western Climate Initiative Inc is instrumental in fostering a market-based approach to reducing greenhouse gas emissions.
The Western Climate Initiative Inc's board of directors includes officials from various jurisdictions, such as the provinces of Quebec and Nova Scotia, and the states of California and Washington. This international cooperation demonstrates the organization's commitment to tackling climate change on a broad scale. Further, its support can be extended to other jurisdictions that choose to join in the future, reflecting the organization's adaptability and scalability.
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Impact
June, 2024
Western Climate Initiative Inc's impact lies in its crucial role in providing administrative and technical support for the development and implementation of greenhouse gas emissions trading programs in the Americas. By facilitating the establishment of these programs, the organization contributes to the reduction of greenhouse gas emissions and the overall fight against climate change. Through activities such as developing registries, administering allowance auctions, and conducting market monitoring, Western Climate Initiative Inc enables jurisdictions to effectively track and manage their emissions while encouraging the growth of a market for trading allowances and offset certificates. As a result, the organization plays a significant part in promoting environmental sustainability and mitigating the impacts of climate change on a regional scale.
This information is meant to be a general summary of Western Climate Initiative 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: $72,131
- Program Service Revenue: $9,876,444
- Gross Receipts: $9,913,172
Assets and Liabilities:
- Total Assets: $19,669,865
- Total Liabilities: $1,404,292
- Net Assets: $18,265,573
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PARTICIPATION AGREEMENT PYMTS
Revenue
$9,876,444
Organization Details
Founding Year
2011
Phone
(916) 942-9327Principal Officer
Greg Tamblyn
Main Address
1107 9TH STREET STE 1070, SACRAMENTO, CA, 95814
Website
www.wci-inc.orgNTEE Category
Code: C35 - Environment
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