Climate Action Reserve

EIN: 680477330 501(c)(3) Environment

Los Angeles, CA

Total Revenue
$5,833,644
Total Expenses
$6,235,844
Total Assets
$3,086,336
Net Assets
$2,682,687
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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
CA
Principal Officer
Robin Rix
Phone
2138911444
Tax Period
2024-07-01 to 2025-06-30

Climate Action Reserve, founded in 2001, is a community nonprofit in the Environment sector that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

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 Service Accomplishments

Program 1
Expenses: $3,545,962 Revenue: $4,199,513

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...

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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.

Program 2
Expenses: $848,110 Revenue: $1,079,665

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...

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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.

Program 3
Expenses: $507,721 Revenue: $459,424

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...

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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.

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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 $8,471
Program Service Revenue $5,738,602
Investment Income $73,670
Other Revenue $12,901
TOTAL REVENUE $5,833,644

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,697,315
Fundraising Expenses $133,844
Program Expenses $4,901,793
Other Expenses $2,538,529
TOTAL EXPENSES $6,235,844

Year-over-Year Comparison

2024 2023 Change
Revenue $5,833,644 $5,306,158 +0.1%
Expenses $6,235,844 $5,593,437 +0.1%
Net Income $-402,200 $-287,279 +0.4%
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
9
Independent Members
9
Employees
24
Volunteers
N/A

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
7
$857,080
Total Directors
10
$0
Key Employees
1
$221,635
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Adams Board Chair 1.00
Officer Director
$0 $0 $0
Peter Miller Board Secretary 1.00
Officer Director
$0 $0 $0
Jan Schori Board Audit Committee Chair until Jan 2025 1.00
Director
$0 $0 $0
Teveia Barnes Board Audit Committee Chair from Jan 2025 1.00
Director
$0 $0 $0
Steve Corneli Board Nominating Committee Chair 1.00
Director
$0 $0 $0
Peter Liu Board member 1.00
Director
$0 $0 $0
Heather O'Neill Board member 1.00
Director
$0 $0 $0
Eduardo Piquero Board member 1.00
Director
$0 $0 $0
Tim Profeta Board member 1.00
Director
$0 $0 $0
Katie Sullivan Board member 1.00
Director
$0 $0 $0
Robin Rix President from 3.24.25 40.00
Officer
$0 $0 $0
Craig Ebert President until 3.23.25 40.00
Officer
$280,931 $36,492 $317,423
Kristen Gorguinpour VP of Prog/Ops as of 5.25 40.00
Officer
$186,189 $20,830 $207,019
Ramon Lee Chief Financial Controller 40.00
Officer
$152,862 $14,290 $167,152
Christopher Reid Lee Dir of Oper until 5.12.25 40.00
Officer
$136,154 $29,332 $165,486
Jennifer Weiss VP of Communications 40.00
Key Emp
$181,706 $39,929 $221,635
Jonathan Remucal Director, Nature-based Solutions 40.00
Highest
$144,478 $5,290 $149,768
Amy Portillo-Kessler Director of Latin America 40.00
Highest
$142,741 $19,429 $162,170
Rhey Lee Senior Communications Manager 40.00
Highest
$112,967 $15,649 $128,616
McKenzie Smith Associate Director 40.00
Highest
$103,697 $10,725 $114,422
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 $5,833,644 $6,235,844 $3,086,336 $-402,200
2024 $5,306,158 $5,593,437 $31,450,902 $-287,279
2023 $4,793,422 $4,666,327 $11,250,067 $127,095
2022 $4,530,759 $4,792,101 $8,572,004 $-261,342
2021 $3,889,191 $3,244,777 $6,017,828 $644,414
2020 $5,029,344 $3,936,263 $5,497,325 $1,093,081
2019 $3,786,758 $4,344,359 $3,870,030 $-557,601
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