Overview
What is Climate Action Reserve?
The Climate Action Reserve is a nonprofit organization headquartered in Los Angeles, California, with satellite offices worldwide. It plays a significant role in global carbon markets, fostering the reduction of greenhouse gas emissions through credible market-based policies and solutions. As a leading offset registry, the Reserve sets rigorous standards and issues carbon credits under those standards. It has been approved by the California Air Resources Board (ARB) to serve as an offset project registry for the state's cap-and-trade program. The organization supports innovative, credible market-based climate change solutions that benefit economies, ecosystems, and society. In the compliance carbon markets, its offset projects have been recognized for rewarding early actions to reduce greenhouse gas emissions. The Climate Action Reserve has four adopted and two adapted offset protocols by ARB for use in the compliance offset system under the cap-and-trade program.
Official website here: www.climateactionreserve.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82%, Three-Star out of Four Star rating.
Climate Action Reserve demonstrates a solid performance with an 82% overall score, reflecting strong accountability and finance practices. The organization benefits from a fully independent board with 100% of its members being independent, which enhances governance. Their financial oversight is commendable, as evidenced by a perfect score in their audit and oversight committee.
The organization boasts a high program expense ratio of 73.62%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, their commitment to transparency and ethical governance is supported by established policies, including conflict of interest and whistleblower protections.
However, while the organization excels in many areas, there is always room for improvement, particularly in increasing their program expense ratio further to enhance programmatic outputs. The high scores in culture and community and equity strategies reflect a proactive approach to inclusivity and community engagement, making Climate Action Reserve a reputable choice for donors looking to support environmental initiatives.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Climate Action Reserve?
100% of reviewers on Facebook recommend Climate Action Reserve, and here’s a summary of their insights:
The collective sentiment emphasizes that the organization is a genuine and effective player in the carbon management sector in North America. Reviewers highlight the experienced leadership and the focus on providing substantial, no-nonsense solutions without unnecessary embellishments.
Overall, the feedback portrays Climate Action Reserve as a credible and impactful nonprofit, successfully bringing together dedicated leaders and practitioners committed to practical climate action initiatives.
This AI summary has been generated from reviews found on Facebook.
Is Climate Action Reserve legitimate?
Climate Action Reserve is a legitimate nonprofit organization registered as a 501(c)(3) entity. Climate Action Reserve 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: $624,330
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,923,637
For more financial information, click here
Official website here: www.climateactionreserve.org
What is the mission statement of Climate Action Reserve?
The Climate Action Reserve, a recognized offset project registry, is dedicated to fostering and promoting innovative, credible market-based solutions aimed at addressing climate change. Established in 2012 by the California Air Resources Board, its primary mission is to develop and support market-based solutions that yield benefits for economies, ecosystems, and society. The Reserve seeks to recognize projects that have taken early actions to decrease greenhouse gas emissions, particularly within the California Cap-and-Trade Program. To date, four offset protocols have been adopted, and two more have been adapted by the California Air Resources Board for use in the compliance offset system under the program.
Official website here: www.climateactionreserve.org
What is the revenue of Climate Action Reserve?
Climate Action Reserve's revenue in 2024 was $5,306,158.
Official website here: www.climateactionreserve.org
Who are the executives of Climate Action Reserve and what are their salaries?
The average compensation at Climate Action Reserve during 2024 was $115,817. There are 22 employees and 10 volunteers at Climate Action Reserve.
Here are 18 key members and their salaries:
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- Compensation: $263,490
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- Compensation: $132,806
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- Compensation: $140,216
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- Compensation: $123,470
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- Other: $4,316
- Compensation: $108,475
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- Other: $14,766
Official website here: www.climateactionreserve.org
Where can I find the form 990 for Climate Action Reserve?
Climate Action Reserve's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.climateactionreserve.org
Learn more at the official website: www.climateactionreserve.org
Mission Statement of Climate Action Reserve
The Climate Action Reserve, a pioneering organization, is dedicated to the development, promotion, and support of innovative, credible market-based solutions aimed at addressing climate change. These solutions are designed to benefit economies, ecosystems, and society as a whole. In 2012, the California Air Resources Board (ARB) approved the Climate Action Reserve to serve as an offset project registry in accordance with the regulations implementing the California cap-and-trade program.
The Climate Action Reserve has had numerous offset projects within its system recognized by the ARB for rewarding early actions to reduce greenhouse gas emissions. The organization has seen four of its offset protocols adopted and two others adapted by the ARB for use in the compliance offset system under the cap-and-trade program. This recognition underscores the Climate Action Reserve's significant role in promoting and supporting effective climate change solutions.
In summary, the Climate Action Reserve is a trailblazing organization that works tirelessly to create and endorse market-based solutions to combat climate change. By doing so, it aims to foster a future where economies, ecosystems, and society can thrive in harmony.
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Impact
June, 2024
Climate Action Reserve's impact lies in its role as a trusted and efficient offset registry for global carbon markets. By promoting and fostering the reduction of greenhouse gas emissions through credible market-based policies and solutions, the Reserve plays a crucial part in addressing climate change. Through its rigorous standards and issuance of carbon credits, it helps incentivize and reward actions that mitigate carbon emissions, benefiting economies, ecosystems, and society at large. Additionally, its support for compliance carbon markets and recognition by the California Air Resources Board signify its significant contribution to the fight against climate change.
This information is meant to be a general summary of Climate Action Reserve. 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 2024.
- Investment Income: $98,972
- Program Service Revenue: $5,085,867
- Gross Receipts: $5,306,158
Assets and Liabilities:
- Total Assets: $11,250,067
- Total Liabilities: $7,877,902
- Net Assets: $3,372,165
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REGISTRY INCOME
Revenue
$3,474,145
CONFERENCE INCOME
Revenue
$1,353,159
CONTRACT INCOME
Revenue
$131,250
WORKSHOP INCOME
Revenue
$101,745
DELEGATION STUDY TRIP
Revenue
$25,568
Organization Details
Founding Year
2001
Principal Officer
Craig Ebert
Website
www.climateactionreserve.orgNTEE Category
Code: C35 - Environment
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