Nonprofit · EIN 68-0477330
CLIMATE ACTION RESERVE
Tax-exempt · LOS ANGELES, CA 90013
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $5,833,644 | $6,235,844 | -$402,200 | $3,086,336 | $403,649 | $2,682,687 |
| June 30, 2024 | 990 | $5,306,158 | $5,593,437 | -$287,279 | $31,450,902 | $28,366,015 | $3,084,887 |
| June 30, 2023 | 990 | $4,793,422 | $4,666,327 | $127,095 | $11,250,067 | $7,877,902 | $3,372,165 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $8,471
- Program service revenue
- $5,738,602
- Investment income
- $73,670
- Other revenue
- $12,901
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,189,254
- Other salaries and wages
- $1,739,415
- Salaries, compensation and benefits (total)
- $3,697,315
- Professional fundraising fees
- $0
- Legal fees
- $17,594
- Accounting fees
- $29,725
- Occupancy
- $54,923
- Travel
- $130,508
- Depreciation
- $12,033
- Program services (functional)
- $4,901,793
- Management and general (functional)
- $1,200,207
- Fundraising (functional)
- $133,844
Balance sheet and other
- Total assets, start of year
- $31,450,902
- Total assets, end of year
- $3,086,336
- Total liabilities, end of year
- $403,649
- Net assets, end of year
- $2,682,687
- Land, buildings and equipment
- $14,870
- Net assets without donor restrictions
- $2,682,687
- Gross receipts
- $5,833,644
- Employees
- 24
- Volunteers
- 0
- Year formed
- 2001
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Craig Ebert | President until 3.23.25 Officer | 40 | $280,931 | $36,492 |
| Jennifer Weiss | VP of Communications Key employee | 40 | $181,706 | $39,929 |
| Kristen Gorguinpour | VP of Prog/Ops as of 5.25 Officer | 40 | $186,189 | $20,830 |
| Ramon Lee | Chief Financial Controller Officer | 40 | $152,862 | $14,290 |
| Christopher Reid Lee | Dir of Oper until 5.12.25 Officer | 40 | $136,154 | $29,332 |
| Amy Portillo-Kessler | Director of Latin America Highest-paid employee | 40 | $142,741 | $19,429 |
| Jonathan Remucal | Director, Nature-based Solutions Highest-paid employee | 40 | $144,478 | $5,290 |
| Rhey Lee | Senior Communications Manager Highest-paid employee | 40 | $112,967 | $15,649 |
| McKenzie Smith | Associate Director Highest-paid employee | 40 | $103,697 | $10,725 |
| Linda Adams | Board Chair Trustee or director, Officer | 1 | $0 | $0 |
| Peter Miller | Board Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Jan Schori Board Audit | Committee Chair until Jan 2025 Trustee or director | 1 | $0 | $0 |
| Teveia Barnes Board Audit | Committee Chair from Jan 2025 Trustee or director | 1 | $0 | $0 |
| Steve Corneli Board Nominating | Committee Chair Trustee or director | 1 | $0 | $0 |
| Peter Liu | Board member Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Heather O'Neill | Board member Trustee or director | 1 | $0 |
| Eduardo Piquero | Board member Trustee or director | 1 | $0 |
| Tim Profeta | Board member Trustee or director | 1 | $0 |
| Katie Sullivan | Board member Trustee or director | 1 | $0 |
| Robin Rix | President from 3.24.25 Officer | 40 | $0 |
990 for the year ended June 30, 2024: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG EBERT | PRESIDENT Officer | 36 | $263,490 | $36,426 |
| JENNIFER WEISS | VP OF COMMUNICATIONS Highest-paid employee | 36 | $179,462 | $37,624 |
| KRISTEN GORGUINPOUR | VP OF PROGRAMS Highest-paid employee | 36 | $175,092 | $5,212 |
| RAMON LEE | CHIEF FINANCIAL CONTROLLER Officer | 36 | $149,173 | $11,875 |
| AMY PORTILLO-KESSLER | DIRECTOR OF LATIN AMERICA Highest-paid employee | 36 | $140,216 | $18,527 |
| CHRISTOPHER LEE | DIR. OF OPERATIONS Officer | 36 | $132,806 | $22,743 |
| JONATHAN REMUCAL | DIR. OF NATURE BASED SOLUTIONS Highest-paid employee | 36 | $123,470 | $4,316 |
| RHEY LEE | SNR. COMMUMICATIONS MGR Highest-paid employee | 36 | $108,475 | $14,766 |
| LINDA ADAMS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PETER M MILLER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAN SCHORI | AUDIT COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| STEVE CORNELI | NOMINATING COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| TEVEIA BARNES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER LIU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEATHER O'NEILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDUARDO PIQUERO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM PROFETA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATIE SULLIVAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CRAIG EBERT | PRESIDENT Officer | 40 | $240,073 | $42,621 |
| JENNIFER WEISS | VP OF COMMUNICATIONS Highest-paid employee | 40 | $164,593 | $28,748 |
| RAMON LEE | CONTROLER Officer | 40 | $144,934 | $33,347 |
| KRISTEN GORGUINPOUR | VP OF PROGRAMS Highest-paid employee | 40 | $161,112 | $7,200 |
| AMY PORTILLO-KESSLER | DIRECTOR OF LATIN AMERICA Highest-paid employee | 40 | $122,977 | $15,338 |
| LINDA ADAMS | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| PETER M MILLER | BOARD SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| JAN SCHORI | AUDIT COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| STEVE CORNELI | NOMINATING COMMITTEE CHAIR Trustee or director | 1 | $0 | $0 |
| TEVEIA BARNES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PETER LIU | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| HEATHER O'NEILL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TIM PROFETA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DR STEPHAN SCHWARTZMAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EDUARDO PIQUERO | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| KATIE SULLIVAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 453 S SPRING ST STE 400 # 146, LOS ANGELES, CA 90013-2074
- In care of
- % PRESIDENT
- Principal officer (990 for 2024)
- Robin Rix, 453 S Spring St Ste 400 146, Los Angeles, CA 90013
- Signed the 990
- Robin Rix, President
- Phone
- (213) 891-1444
- Website
- www.climateactionreserve.org
- Return prepared by
- Rogers & Company PLLC
California records
California keeps its own records of charities and corporations. Search them by EIN 68-0477330 or by the name CLIMATE ACTION RESERVE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
The Climate Action Reserve develops and implements trusted market-based programs to advance climate action for people and planet. A pioneer in carbon accounting, the Reserve promotes and fosters the reduction of greenhouse gas (GHG) emissions through credible market-based policies and solutions. As a high-quality carbon credit registry for voluntary and compliance carbon markets, the Reserve establishes rigorous standards involving multi-sector stakeholder workgroup development and local engagement and issues carbon credits in a transparent and publicly available system. The Reserve also supports compliance carbon markets in California, Washington and internationally.
Program accomplishments
- The Reserve's carbon credit programs establish rigorous carbon accounting standards for the issuance of high-quality carbon credits which represent real, additional, verifiable, and permanent greenhouse gas emission reductions. Projects registered with the Reserve also deliver environmental and community co-benefits. The Reserve issues carbon credits to projects that report under one of its approved carbon crediting protocols across a range of sectors. In addition, the Reserve issues Registry Offset Credits for compliance use under California and Washington's Cap-and-Invest programs.Expenses $3,545,962 · revenue $4,199,513
- The North American Carbon World (NACW) is a leading industry conference for carbon market and climate professionals. NACW provides attendees with valuable insights into voluntary and compliance market trends and policy developments. The conference facilitates engagement among carbon markets professionals to strengthen and scale global carbon markets. NACW offers presentations by keynote speakers, panels, and networking opportunities. Over its history, NACW has featured numerous keynote addresses from distinguished climate and policy leaders.Expenses $848,110 · revenue $1,079,665
- The Reserve continues to expand its works internationally by developing new carbon crediting protocols in Latin America and by continuing to implement and support its existing international protocols in Latin America, Canada, and China. These efforts include refining and updating protocols, providing technical assistance, and working with account holders to advance high-quality program delivery. Additionally, the Reserve participated in speaking engagements, conferences, and meetings abroad to share technical expertise, engage with international stakeholders, and to support the development of high-integrity carbon markets.Expenses $507,721 · revenue $459,424
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 68-0477330
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $3,086,336
- Income (IRS master file)
- $5,833,644
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $5,833,644 | $6,235,844 | $3,086,336 | XML |
| 990 | June 2024 | $5,306,158 | $5,593,437 | $31,450,902 | XML |
| 990 | June 2023 | $4,793,422 | $4,666,327 | $11,250,067 | XML |
| 990 | June 2022 | $4,530,759 | $4,792,101 | $8,572,004 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 68-0477330).
Questions about CLIMATE ACTION RESERVE
- What is the EIN of CLIMATE ACTION RESERVE?
- The employer identification number (EIN) of CLIMATE ACTION RESERVE is 68-0477330.
- Is CLIMATE ACTION RESERVE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to CLIMATE ACTION RESERVE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CLIMATE ACTION RESERVE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CLIMATE ACTION RESERVE due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CLIMATE ACTION RESERVE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of CLIMATE ACTION RESERVE?
- The 990 for the year ended June 30, 2025 names Robin Rix.
- Who are the officers and directors of CLIMATE ACTION RESERVE?
- The 990 for the year ended June 30, 2025 lists 20 people; 9 received compensation from the organization, the highest $280,931 (Craig Ebert, President until 3.23.25).
- How much revenue does CLIMATE ACTION RESERVE have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $5,833,644, expenses of $6,235,844 and total assets of $3,086,336 at year end.
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