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Oregon Climate Trust

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 911829325 ✦ Portland, OR ✦ Designated as a 501(c)(3)

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Overview

What is Oregon Climate Trust?

Oregon Climate Trust is a nonprofit organization based in Portland, Oregon, with a team of nine dedicated individuals. Their primary mission is to combat climate change by funding and managing projects that significantly reduce greenhouse gas emissions. They accomplish this by receiving funds from various programs and the sale of voluntary and compliance offsets to third-party buyers. These carbon offset contracts are awarded to other entities for projects that produce measurable and verifiable greenhouse gas reductions, or "carbon offsets". With over two decades of experience in managing carbon offset projects, the organization brings operational expertise to ensure their projects are successful. The organization's work extends to the early stages of project development, offering support to owners seeking to reduce risk and ensure the success of their carbon projects. Their involvement in the carbon markets and advocacy for climate mitigation policies encourages mission-aligned partners to enter the market, contributing to their ongoing efforts against climate change.


Official website here: www.climatetrust.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 99% (Four-Star out of Four Star Rating)

Oregon Climate Trust has achieved an impressive Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial health. With an overall score of 99%, the organization excels particularly in its Accountability & Finance score of 90%, showcasing robust governance practices, fully independent board membership, and sound financial management without any material diversion of assets.

The organization demonstrates a strong commitment to transparency, as evidenced by its comprehensive policies related to conflict of interest, whistleblower protections, and document retention. Furthermore, it maintains a solid program expense ratio of nearly 90%, indicating that a significant portion of its resources is directed toward its mission-driven activities, which focus on climate change mitigation.

While the Culture & Community score of 87 is commendable, there is always room for improvement in community engagement and equity strategies. Overall, Oregon Climate Trust stands out as a well-managed nonprofit that effectively allocates its resources toward impactful climate initiatives, fostering trust among stakeholders and supporters.


This AI summary has been generated from information found on Charity Navigator.

Is Oregon Climate Trust legitimate?

Oregon Climate Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. Oregon Climate Trust 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: $578,039
Professional Fundraising Fees: $0
Other Salaries and Wages: $354,141

For more financial information, click here


Official website here: www.climatetrust.org

What is the mission statement of Oregon Climate Trust?

The Oregon Climate Trust's mission is focused on combating climate change by funding and managing projects that significantly reduce greenhouse gas emissions. The organization achieves this by implementing, financing, monitoring, and administering contracts with third parties for carbon offset projects. These contracts are awarded based on the organization's mission and are aimed at producing measurable and verifiable greenhouse gas reductions, often referred to as carbon offsets. The Oregon Climate Trust has a track record of over two decades in managing carbon offset projects, and it invests and engages in the early stages of project development, providing operational expertise to ensure the success of carbon projects. Moreover, the organization's carbon offset project development expertise and support for climate mitigation policies have encouraged like-minded partners to enter the carbon markets.


Official website here: www.climatetrust.org

Who is the CEO of Oregon Climate Trust?

Julius Pasay is the Board Chair of Oregon Climate Trust.


Official website here: www.climatetrust.org

What is the revenue of Oregon Climate Trust?

Oregon Climate Trust's revenue in 2022 was $9,516,019.


Official website here: www.climatetrust.org

Who are the executives of Oregon Climate Trust and what are their salaries?

The average compensation at Oregon Climate Trust during 2022 was $103,576. There are 9 employees and 10 volunteers at Oregon Climate Trust.


Here are 14 key members and their salaries:


Ryan Mcgraw (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Amrita Vatsal (Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Morgan Rider (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brad Hunter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Van'T Hof (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jason Johns (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Odin Knudsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelley Beamer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Alexis Nelson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Yeh (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Julius Pasay (Executive Director)
  • Compensation: $211,855
  • Related: $0
  • Other: $14,044
Karen Ward (Chief Financial Officer)
  • Compensation: $197,468
  • Related: $0
  • Other: $20,389
Kyler Sherry (Chief Operating Officer)
  • Compensation: $123,243
  • Related: $0
  • Other: $11,040
Josh Fain (Director, Forest Carbon)
  • Compensation: $106,943
  • Related: $0
  • Other: $3,503


Official website here: www.climatetrust.org

Where can I find the form 990 for Oregon Climate Trust?

Oregon Climate Trust's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.climatetrust.org

Learn more at the official website: www.climatetrust.org

Mission Statement of Oregon Climate Trust

The Oregon Climate Trust is a nonprofit organization dedicated to combating climate change. By funding and managing projects, it aims to reduce greenhouse gas emissions. The trust achieves this by implementing, financing, monitoring, and administering contracts with third parties for projects that produce measurable and verifiable greenhouse gas reductions, commonly known as carbon offsets. These carbon offset contracts are awarded to other entities in accordance with the organization's mission, which is rooted in over two decades of experience in managing carbon offset projects.

The organization plays a crucial role in the carbon market by providing operational expertise to project owners seeking to reduce risk and ensure the success of their carbon projects. Its expertise in carbon offset project development and support for climate mitigation policies has encouraged mission-aligned partners to enter the carbon markets. The Oregon Climate Trust also engages in the early stages of project development, offering invaluable support to ensure the success of its carbon reduction projects.

In summary, the Oregon Climate Trust is a leading force in the fight against climate change. By managing carbon offset projects, it is making a significant contribution to reducing greenhouse gas emissions and mitigating the impact of climate change.

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Impact




June, 2024

Oregon Climate Trust's impact lies in combating climate change by funding and managing projects that reduce greenhouse gas emissions through its carbon offset program. By receiving funds from the management of programs and the sale of voluntary and compliance offsets to third-party buyers, the organization implements, finances, monitors, and administers contracts with third parties to produce measurable and verifiable greenhouse gas reductions. With over two decades of experience in managing carbon offset projects, the organization invests and engages in the early stages of project development to ensure successful carbon projects. Oregon Climate Trust's expertise in carbon offset project development and support for climate mitigation policies have encouraged mission-aligned partners to enter the carbon markets, contributing significantly to efforts for a more sustainable environment.




This information is meant to be a general summary of Oregon Climate Trust. 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.

Revenue
$9,516,019 (2022)
Expenses
$6,239,133 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $186,094
  • Program Service Revenue: $9,307,444
  • Gross Receipts: $12,024,717

Assets and Liabilities:

  • Total Assets: $25,728,774
  • Total Liabilities: $8,263,416
  • Net Assets: $17,465,358

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

OFFSET PROJECT REVENUE

Revenue

$6,639,172

PILOT PROJECT REVENUE

Revenue

$1,827,006

OFFSET FEE REVENUE

Revenue

$781,266

CLIMATE CONSULTING

Revenue

$60,000

Organization Details

Founding Year

1997

Principal Officer

Julius Pasay

Main Address

80 SE MADISON STREET 420, PORTLAND, OR, 97214

NTEE Category

Code: C200 - Environment

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