Civic Intelligence

National Climate Trust

990 • Fiscal year 2014 • EIN 26-0760633

Jan 01, 2014 to Dec 31, 2014 • Filed on Aug 18, 2015

65 SW Yamhill Street Suite 400Portland, OR 97204

(503) 238-1915

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

92nd percentile

0.99x

Higher debt load relative to assets than 92% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

88th percentile

2.23x

Higher debt load relative to revenue than 88% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

20th percentile

-7.8%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$287,722

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 11.4% of source-year revenue.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Asset Growth

71st percentile

10%

Faster asset growth than 71% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

87th percentile

42%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Assets

Up

$5,655,538

Up $516,890 (+10%) from 2013

Net Assets

Down

$41,043

Down $196,502 (-83%) from 2013

Liabilities

Up

$5,614,495

Up $713,392 (+15%) from 2013

Revenue

Up

$2,521,910

Up $739,702 (+42%) from 2013

Expenses

Up

$2,718,412

Up $502,859 (+23%) from 2013

Net Income

Up

-$196,502

Up $236,843 (+55%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2010: $2,704,170Liabilities 2010: $2,898,839Net Assets 2010: -$194,6692010Assets 2011: $4,056,237Liabilities 2011: $3,578,868Net Assets 2011: $477,3692011Assets 2012: $5,141,716Liabilities 2012: $4,403,431Net Assets 2012: $738,2852012Assets 2013: $5,138,648Liabilities 2013: $4,901,103Net Assets 2013: $237,5452013Assets 2014: $5,655,538Liabilities 2014: $5,614,495Net Assets 2014: $41,0432014Assets 2015: $0Net Assets 2015: $02015Assets 2016: $0Net Assets 2016: $02016

Highlighted filing

2014

Assets$5,655,538
Liabilities$5,614,495
Net Assets$41,043

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,847,7262010Expenses 2011: $1,248,3982011Expenses 2012: $1,421,8222012Revenue 2013: $1,782,208Expenses 2013: $2,215,553Net Income 2013: -$433,3452013Revenue 2014: $2,521,910Expenses 2014: $2,718,412Net Income 2014: -$196,5022014Revenue 2015: $02015Revenue 2016: $02016

Highlighted filing

2014

Revenue$2,521,910
Expenses$2,718,412
Net Income-$196,502
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Aug 18, 2015
Return Version
2014v5.0
Gross Receipts
$2,521,910
Mission and Program Overview

Mission

The national climate trust's mission is to provide expertise, financing, and inspiration to accelerate innovative and effective climate solutions that endure.

The climate trust mobilizes conservation finance to maximize environmental returns.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,895,797$4,740,882▲ $1,845,085
Accounts Receivable$41,033$68,240▲ $27,207
Prepaid Expenses and Deferred Charges$17,869$28,754▲ $10,885
Pledges and Grants Receivable$399,000$15,456▼ $383,544
Cash and Non-Interest-Bearing Accounts$4,592$7,218▲ $2,626
Land, Buildings, and Equipment, Net$673$0▼ $673
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$5,138,648$5,655,538▲ $516,890
Other Assets Total$1,779,684$794,988▼ $984,696
Liabilities
Deferred Revenue$4,817,556$5,518,960▲ $701,404
Accounts Payable and Accrued Expenses$83,547$95,535▲ $11,988
Total Liabilities$4,901,103$5,614,495▲ $713,392
Net Assets / Fund Balance
Temporarily Rstr Net Assets$125,654$99,267▼ $26,387
Unrestricted Net Assets$111,891$-58,224▼ $170,115
Total Net Assets Fund Balance$237,545$41,043▼ $196,502
Total Liabilities and Net Assets / Fund Balance$5,138,648$5,655,538▲ $516,890

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$81,135$81,135
Other Assets Org$794,988--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sean PenrithExecutive DirectorFT$222,475$65,247$287,722
Richard KempkaCCOPT$132,119$5,323$137,442
Sheldon ZakreskiDirector of Risk Mgmt.PT$105,010$13,921$118,931

Board Members and Trustees

NameTitle
Laura BeaneBoard Chair
Renee DowlinVice Chair
John AudleyDirector
Odin KnudsenDirector
Patrick ProctorDirector
Stephen HallDirector
Arya BehbehaniSecretary
Neal SaconTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$247,513
Program Service Revenue
$2,273,594
Investment Income
$803
Other Revenue
$0
All Other Contributions
$247,513
Change in Net Assets
$-196,502
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,606,064
Salaries, Compensation, and Employee Benefits$1,112,348
Total Fundraising Expense$2,424
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$281,829$329,464$1,787$613,080
Current Officers, Directors, Trustees, and Key Employees$88,336$171,477-$259,813
Other Employee Benefits$69,721$85,742$362$155,825
Fees for Services Other$99,426$14,565-$113,991
Payroll Taxes$25,028$33,727$120$58,875
Occupancy$27,330$28,234$98$55,662
Fees for Service Investment Mgmnt Fees-$46,730-$46,730
Travel$34,265$10,409-$44,674
Office Expenses$8,690$35,898$30$44,618
Pension Plan Contributions$11,872$12,883-$24,755
Other Expenses$11,246$8,775$27$20,048
Conferences and Meetings$5,297$7,102-$12,399
Depreciation Depletion-$673-$673
Total Functional Expenses$1,930,309$785,679$2,424$2,718,412
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The executive director reviews form 990 and provides copies to both the audit committee and full board of directors prior to their regularly scheduled meetings.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

Potential conflicts of interest are reviewed regularly at board meetings and the board conducts an annual review of the policy.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

In 2013 the organization engaged the services of a portland based consulting firm specializing in human resources solutions. The firm derived data from national and regional surveys, its own survey of non-profit organizations, and a local, custom survey of comparably sized environmental groups. The group also created guidelines for determining merit salary increases, created salary grades and ranges, and assisted with creating a salary administration policy and guidelines for determining merit salary increases.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization considers all requests on a case by case basis beyond the extensive information contained in its annual report, form 1023 and forms 990.

Filing and Contact Details

Filer

Filer Name
National Climate Trust
EIN
26-0760633
Phone
5032381915
Address
65 SW Yamhill Street Suite 400, Portland, OR 97204

Signing Officer

Name
Sean Penrith
Title
Executive Director
Signed
2015-08-18
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sean Penrith
Formed
2007
Legal Domicile
Or
Voting Board Members
8
Independent Board Members
8
Employees
13

Preparer

Firm
Kern & Thompson LLC
Address
1800 SW First Avenue Suite 410, Portland, OR 97201
Preparer
Kris Oliveira CPA
Phone
5032223338
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IRS990/OccupancyGrp/ProgramServicesAmt027330
IRS990/OccupancyGrp/TotalAmt055662
IRS990/OfficeExpensesGrp/FundraisingAmt030
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt035898
IRS990/OfficeExpensesGrp/ProgramServicesAmt08690
IRS990/OfficeExpensesGrp/TotalAmt044618
IRS990/OfficerMailingAddressInd0false
IRS990/OnBehalfOfIssuerInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OrgFiledInLieuOfForm1041Ind0false
IRS990/OtherAssetsTotalGrp/BOYAmt01779684
IRS990/OtherAssetsTotalGrp/EOYAmt0794988
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt0362
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt085742
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt069721
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0155825
IRS990/OtherExpensesGrp/Desc0OFFSET CONTRACTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/FundraisingAmt027
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt08775
IRS990/OtherExpensesGrp/ProgramServicesAmt01267269
IRS990/OtherExpensesGrp/ProgramServicesAmt111246
IRS990/OtherExpensesGrp/TotalAmt01267269
IRS990/OtherExpensesGrp/TotalAmt120048
IRS990/OtherRevenueTotalAmt00
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01787
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0329464
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0281829
IRS990/OtherSalariesAndWagesGrp/TotalAmt0613080
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt0120
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt033727
IRS990/PayrollTaxesGrp/ProgramServicesAmt025028
IRS990/PayrollTaxesGrp/TotalAmt058875
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt012883
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt011872
IRS990/PensionPlanContributionsGrp/TotalAmt024755
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0399000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt015456
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt017869
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt028754
IRS990/PrincipalOfficerNm0SEAN PENRITH
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0CONSULTING CONTRACT
IRS990/ProgramServiceRevenueGrp/Desc1PROJECT REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0103562
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12170032
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0103562
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12170032
IRS990/ProgSrvcAccomActy2Grp/Desc0MANAGEMENT AND FINANCING. IN ORDER TO ARREST THE RISE IN GREENHOUSE GAS EMISSIONS AND TO AVOID THE MOST DANGEROUS IMPACTS OF CLIMATE CHANGE, THE CLIMATE TRUST WORKS TO ACCELERATE PROJECT IMPLEMENTATION, DEVELOP FINANCING SOLUTIONS, AND ESTABLISH A SUPPORTIVE POLICY ENVIRONMENT IN THE AGRICULTURE, BIOGAS AND FORESTRY SECTORS. IN 2009, THE CLIMATE TRUST FORMED TWO ORGANIZATIONS, WITH THE NATIONAL CLIMATE TRUST AS THE PARENT ORGANIZATION FOR THE OREGON CLIMATE TRUST. THE CLIMATE TRUST PROGRAMS INCLUDE THREE CATEGORIES, NAMELY 1) CARBON ASSET MANAGEMENT, 2) CLIMATE SERVICES, AND 3) CLIMATE POLICY AND STANDARDS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0611822
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0103562
IRS990/ProgSrvcAccomActy3Grp/Desc0CLIMATE SERVICES. WE ASSIST CLIENTS WITH THE DESIGN, FINANCING AND IMPLEMENTATION OF THEIR CLIMATE ACTION PLANS AND HELP THEM MEET THEIR REDUCTION GOALS THROUGH SPECIFIC PROJECTS AND CUSTOMER PROGRAMS. WE PROVIDE CLIMATE EXPERTISE TO PROJECT DEVELOPERS TO INCREASE ACCESS TO INCENTIVE FINANCING, AND WE DEVELOP AND TEST INNOVATIVE METHODOLIGIES FOR NEW PROJECT TYPES TO ENHANCE THE CURRENT INDUSTRY STANDARDS. WE ALSO PROVIDE COMMUNICATIONS AND MARKETING SUPPORT TO HIGHLIGHT PROGRAM SUCCESSES AND TO HELP BUILD MOMENTUM WITH CONSTITUENCIES THAT CONTRIBUTE TO SCALING UP THESE SOLUTIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0135206
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0140109
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt050124
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt01452388
IRS990/PYOtherRevenueAmt04631
IRS990/PYProgramServiceRevenueAmt01364820
IRS990/PYRevenuesLessExpensesAmt0-655869
IRS990/PYSalariesCompEmpBnftPaidAmt0763165
IRS990/PYTotalExpensesAmt02215553
IRS990/PYTotalRevenueAmt01559684
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-196502
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02895797
IRS990/SavingsAndTempCashInvstGrp/EOYAmt04740882
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0247513
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0140109
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0612718
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt048766
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt052578
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01101684
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0803
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt050124
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt051199
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt049043
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt037446
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0188615
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02273594
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt01364820
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0451611
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0875297
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt01318622
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06283944
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt00
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0803
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt050124
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt051199
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt049043
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt037446
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0188615
IRS990ScheduleA/InvestmentIncomeCYPct00.02460
IRS990ScheduleA/InvestmentIncomePYPct00.02500
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt04631
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt074780
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt02680
IRS990ScheduleA/OtherIncome509Grp/TotalAmt082091
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.96460
IRS990ScheduleA/PublicSupportPY509Pct00.94070
IRS990ScheduleA/PublicSupportTotal509Amt07385628
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft509Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02521107
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt01064329
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0924063
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt01371200
IRS990ScheduleA/Total509Grp/TotalAmt07385628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02521910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt01559684
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt01190308
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0973106
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt01411326
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt07656334
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED

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