Overview
What is Carbon Tracker Initiative Inc?
Carbon Tracker Initiative Inc is a New York-based nonprofit organization, located at 142 W 57th Street, 8th Floor, NY 10019. Their mission is to raise awareness about the environmental risks and financial implications associated with climate change, particularly regarding fossil fuel investments. They conduct scenario analyses to examine the potential impact of changes in supply and demand on fossil fuel-exposed companies and projects. This analysis helps the investment community better understand the financial implications of addressing climate change. To fulfill their mission, they provide educational resources, facilitate research and analysis, create educational materials, and foster relationships to create communities of environmentally conscious investors. They offer educational forums, assemble and maintain resources, and conduct charitable and educational projects related to climate change and its effects on financial markets. Their work is aimed at fostering a more informed and proactive approach to climate change within the investment community.
Official website here: www.carbontracker.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Carbon Tracker Initiative Inc has earned a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance. The organization demonstrates strong governance with 100% independent board members and has effectively managed its financial oversight, as evidenced by full points in both audit and oversight and the absence of material diversion of assets.
However, there are notable limitations in their governance practices, specifically the lack of a whistleblower policy and a document retention and destruction policy, both of which received zero points. While these deficiencies could be improved, the organization maintains a commendable program expense ratio of 84%, indicating that a significant portion of its expenses goes directly to its programs.
Overall, Carbon Tracker Initiative Inc shows a commitment to transparency and effective management, but addressing the identified governance gaps could enhance its rating and operational integrity further.
This AI summary has been generated from information found on Charity Navigator.
Is Carbon Tracker Initiative Inc legitimate?
Carbon Tracker Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carbon Tracker 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: $225,308
Professional Fundraising Fees: $0
Other Salaries and Wages: $666,568
For more financial information, click here
Official website here: www.carbontracker.org
What is the mission statement of Carbon Tracker Initiative Inc?
The Carbon Tracker Initiative Inc's mission is to raise awareness about the environmental hazards and financial risks connected to climate change, with a particular focus on investments in and usage of fossil fuels. To achieve this, they organize educational forums, activities, and materials, allowing investors, the general public, and other stakeholders to learn about climate change and its related investment risks. The initiative also supports, facilitates, and disseminates research and analysis on the financial implications of climate change. They create and maintain various educational materials, training tools, and resources related to climate change and its effects on financial markets. The initiative fosters and supports relationships and collaborations aimed at creating educated communities of environmentally conscious investors and market participants. Lastly, they conduct charitable and educational projects to further their mission.
Official website here: www.carbontracker.org
Who is the CEO of Carbon Tracker Initiative Inc?
Robert Schuwerk is the President & Treasurer of Carbon Tracker Initiative Inc.
Official website here: www.carbontracker.org
What is the revenue of Carbon Tracker Initiative Inc?
Carbon Tracker Initiative Inc's revenue in 2022 was $1,239,755.
Official website here: www.carbontracker.org
Who are the executives of Carbon Tracker Initiative Inc and what are their salaries?
The average compensation at Carbon Tracker Initiative Inc during 2022 was $89,188. There are 10 employees and 2 volunteers at Carbon Tracker Initiative Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $172,042
- Related: $0
- Other: $53,266
- Compensation: $111,011
- Related: $0
- Other: $39,290
- Compensation: $101,378
- Related: $0
- Other: $5,587
Official website here: www.carbontracker.org
Where can I find the form 990 for Carbon Tracker Initiative Inc?
Carbon Tracker Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carbontracker.org
Learn more at the official website: www.carbontracker.org
Mission Statement of Carbon Tracker Initiative Inc
The Carbon Tracker Initiative Inc, a non-profit organization, is dedicated to fostering and facilitating awareness about the environmental hazards and financial risks associated with climate change, particularly those linked to the investment in and use of fossil fuels. Through various activities, the organization aims to educate investors, the general public, and other stakeholders about climate change and the associated investment risks. It achieves this by organizing educational forums, activities, and providing materials that enable individuals to understand the impact of climate change on financial markets.
In addition, the Carbon Tracker Initiative Inc facilitates, supports, and disseminates research and analysis on the financial implications of climate change. This includes creating, assembling, and maintaining educational materials, training, and impact measurement tools, and other resources related to climate change and its effects on financial markets. The organization also fosters and supports relationships and collaborations intended to create and maintain educated communities of environmentally conscious investors and other market participants.
Lastly, the Carbon Tracker Initiative Inc conducts and supports charitable and educational projects. These projects are designed to provide resources and support for individuals and organizations seeking to make informed decisions about their investments in light of the risks associated with climate change. The organization's ultimate goal is to create a world where investments align with a sustainable and low-carbon future.
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Impact
June, 2024
Carbon Tracker Initiative Inc fosters awareness of the environmental hazards and financial risks associated with climate change. Through its research program, the organization conducts scenario analysis to understand how potential changes to supply and demand will impact the future of fossil fuel-exposed companies and projects. This analysis helps the investment community better grasp the financial implications of addressing climate change. By providing free reports on its website, Carbon Tracker Initiative Inc equips stakeholders with valuable information to make informed decisions regarding climate change and fossil fuel investments. The organization's efforts contribute towards educating investors and the general public, fostering relationships, and supporting collaborations to build environmentally conscious communities in financial markets.
This information is meant to be a general summary of Carbon Tracker 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.
- Program Service Revenue: $35,000
- Gross Receipts: $1,239,755
Assets and Liabilities:
- Total Assets: $215,486
- Total Liabilities: $55,672
- Net Assets: $159,814
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE INCOME
Revenue
$35,000
Organization Details
Founding Year
2017
Phone
(877) 829-5500Principal Officer
Robert Schuwerk
Main Address
142 W 57TH STREET 8TH FL, NEW YORK, NY, 10019
Website
www.carbontracker.orgNTEE Category
Code: C60 - Environment
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