Woodwell Climate Research Center Inc

EIN: 043005094 501(c)(3) Science & Technology

Falmouth, MA

Total Revenue
$24,338,086
Total Expenses
$34,974,038
Total Assets
$55,957,055
Net Assets
$52,735,788
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MA
Principal Officer
Robert Max Holmes
Phone
5085409900
Tax Period
2024-07-01 to 2025-06-30

Woodwell Climate Research Center Inc, founded in 1988, is a mid-sized nonprofit in the Science & Technology sector that reported $24.3M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $35.0M exceeded revenue, resulting in a 44% operating deficit.

Mission

Woodwell Climate Research Center conducts science for solutions at the nexus of climate, people and nature. We partner with leaders and communities for just, meaningful impact to address the climate crisis.

Program Service Accomplishments

Program 1
Expenses: $19,055,668 Revenue: $2,022,832

Policy Relevant Research: Scientific excellence is the foundation for all of Woodwell Climate Research Center's activities, and distinguishes WCRC from other NGOs in the environmental sector. Through...

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Policy Relevant Research: Scientific excellence is the foundation for all of Woodwell Climate Research Center's activities, and distinguishes WCRC from other NGOs in the environmental sector. Through a holistic, multidisciplinary, applied, and team-focused approach, we seek to create breakthrough understanding of climate change impacts and solutions, for the purpose of informing sound environmental policies from the local to global scale. WCRC's research is focused on the land-climate connection - how changes in land use effect the climate system; how the changing climate is altering systems on land such as forests, ecosystems and agriculture; and what land-management strategies can harness the power of nature to slow climate change. Most of this research is conducted in the arctic and the tropics-critical regions where natural systems contain disproportionate shares of the planet's biodiversity and stored carbon, but where deforestation, agriculture, fire, and climatic warming place these assets at great risk.

Program 2
Expenses: $5,209,583 Revenue: $2,350,000

Center Funded Science: This category of expenditures represents Woodwell Climate Research Center's commitment to stimulating innovation, investing in future science leaders and investing in our...

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Center Funded Science: This category of expenditures represents Woodwell Climate Research Center's commitment to stimulating innovation, investing in future science leaders and investing in our scientific staff by funding projects of our own choosing. Center funded science aims to supplement/extend existing projects, or seed-fund projects that have the potential to have outsized impact in science and policy or which have good potential for return on investment by enabling external funding.

Program 3
Expenses: $2,431,258

Policy Engagement, Education & Communication: Woodwell Climate Research Center has a long and rich history of impacting climate policy processes at multiple levels, and sharing our scientific...

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Policy Engagement, Education & Communication: Woodwell Climate Research Center has a long and rich history of impacting climate policy processes at multiple levels, and sharing our scientific understanding of climate change with the world through cutting-edge communication and education programs. WCRC builds partnerships with local and national governments, non-governmental and private-sector organizations to implement and measure progress towards national commitments to the Paris agreement. To leave an educational legacy, WCRC offers hands-on experiential programs to train a new generation of climate science leaders. WCRC fosters immersive educational programs that encourage students to link field research with big-picture solutions in the challenging and fast-changing environments where we work.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $18,887,229
Program Service Revenue $4,372,832
Investment Income $1,053,246
Other Revenue $24,779
TOTAL REVENUE $24,338,086

Expense Breakdown

Grants Paid $6,183,333
Salaries & Benefits $18,693,551
Fundraising Expenses $2,148,798
Program Expenses $26,696,509
Other Expenses $10,060,654
TOTAL EXPENSES $34,974,038

Year-over-Year Comparison

2024 2023 Change
Revenue $24,338,086 $32,588,148 -0.3%
Expenses $34,974,038 $31,029,018 +0.1%
Net Income $-10,635,952 $1,559,130 -7.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
162
Volunteers
174

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
10
$1,825,160
Total Directors
25
$0
Key Employees
2
$542,487
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
C Gail Greenwald Chair (7/1/24-6/6/25) 8.00
Officer Director
$0 $0 $0
Thomas J Hynes III Vice Chair (7/24-6/6/25), Chair (6/7/25-6/30/25) 3.00
Officer Director
$0 $0 $0
Michael J Fanger Treasurer 2.00
Officer Director
$0 $0 $0
Jainey Bavishi Director 1.00
Director
$0 $0 $0
Jerry Brown Director 1.00
Director
$0 $0 $0
Christina Deconcini Director 3.00
Director
$0 $0 $0
Andre L Guimarraes Director 1.00
Director
$0 $0 $0
Joseph Kennedy III Director 1.00
Director
$0 $0 $0
Roger A Kranenburg Clerk 2.00
Officer Director
$0 $0 $0
John L Le Coq Director 3.00
Director
$0 $0 $0
Robert B Litterman Director 1.00
Director
$0 $0 $0
Wilhelm M Merck Director 1.00
Director
$0 $0 $0
Joseph J Mueller Director 3.00
Director
$0 $0 $0
Georgia Chafee Nassikas Director 3.00
Director
$0 $0 $0
Glenn T Prickett Director 2.00
Director
$0 $0 $0
Kilaparti Ramakriashna Director 1.00
Director
$0 $0 $0
Daniel A Reifsynder Director 2.00
Director
$0 $0 $0
Joseph R Robinson Director 2.00
Director
$0 $0 $0
Jean A Rogers Director 1.00
Director
$0 $0 $0
Aniket Shah Director 1.00
Director
$0 $0 $0
Ihsan K Speede Director 1.00
Director
$0 $0 $0
Izabella M Teixeira Director 1.00
Director
$0 $0 $0
Stephanie N Tomasky Director 1.00
Director
$0 $0 $0
Cyrus N Wadia Director 1.00
Director
$0 $0 $0
Sanjay J Wagle Vice Chair (6/7/25-6/30/25) 1.00
Officer Director
$0 $0 $0
Robert Max Holmes President & Chief Executive Officer 40.00
Officer
$457,268 $52,908 $510,176
Philip Duffy President & Executive Director 40.00
Officer
$333,297 $61,907 $395,204
Corrie Martin Chief Operating Officer 40.00
Officer
$320,816 $33,396 $354,212
Wayne Walker Vice President of Science 40.00
Officer
$237,272 $66,117 $303,389
John Arseneault Vice President of Finance 40.00
Officer
$229,989 $32,190 $262,179
Leslie Kolterman VP of Philanthropy 40.00
Key Emp
$248,787 $53,160 $301,947
Susan Natali Senior Scientist 40.00
Key Emp
$196,331 $44,209 $240,540
Christopher Neill Senior Scientist 40.00
Highest
$220,472 $35,965 $256,437
Christopher Schwalm Vice President of Science 40.00
Highest
$205,710 $62,604 $268,314
David McGlinchey Chief of Government Relations 40.00
Highest
$206,628 $20,668 $227,296
Michael Coe Sr. Scientist/Tropics Program Dir 40.00
Highest
$199,116 $48,968 $248,084
Jonathan Sanderman Vice President of Science 40.00
Highest
$186,276 $43,542 $229,818
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $24,338,086 $34,974,038 $55,957,055 $-10,635,952
2024 $32,588,148 $31,029,018 $66,446,312 $1,559,130
2023 $23,205,627 $23,864,575 $63,603,476 $-658,948
2022 $47,265,255 $17,670,226 $63,122,492 $29,595,029
2021 $19,563,281 $12,121,354 $35,020,483 $7,441,927
2019 $11,455,146 $11,002,805 $21,587,340 $452,341
2018 $12,424,636 $10,009,203 $20,641,208 $2,415,433
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