Civic Intelligence

Climate Resolve

990 • Fiscal year 2018 • EIN 46-4736278

Jul 01, 2017 to Jun 30, 2018 • Filed on Feb 04, 2019

525 South Hewitt StreetLos Angeles, CA 90013

(213) 634-3790

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$249,803

Up $72,877 (+41%) from 2017

Net Assets

Up

$215,723

Up $166,640 (+340%) from 2017

Liabilities

Down

$34,080

Down $93,763 (-73%) from 2017

Revenue And Expenses

Revenue

Up

$1,231,731

Up $70,205 (+6.0%) from 2017

Expenses

Down

$1,047,122

Down $357,572 (-25%) from 2017

Net Income

Up

$184,609

Up $427,777 (+176%) from 2017

Historical Trend

Balance Sheet Trend

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

$2.0M$1.5M$1.0M$500K$0Assets 2016: $447,053Liabilities 2016: $154,802Net Assets 2016: $292,2512016Assets 2017: $176,926Liabilities 2017: $127,843Net Assets 2017: $49,0832017Assets 2018: $249,803Liabilities 2018: $34,080Net Assets 2018: $215,7232018Assets 2019: $335,515Liabilities 2019: $95,757Net Assets 2019: $239,7582019Assets 2020: $1,563,897Liabilities 2020: $445,378Net Assets 2020: $1,118,5192020Assets 2021: $1,308,659Liabilities 2021: $392,337Net Assets 2021: $916,3222021Assets 2022: $1,359,163Liabilities 2022: $236,457Net Assets 2022: $1,122,7062022Assets 2023: $1,795,280Liabilities 2023: $271,007Net Assets 2023: $1,524,2732023Assets 2024: $1,399,270Liabilities 2024: $220,341Net Assets 2024: $1,178,9292024Assets 2025: $1,368,906Liabilities 2025: $461,952Net Assets 2025: $906,9542025

Highlighted filing

2018

Assets$249,803
Liabilities$34,080
Net Assets$215,723

Operations Trend

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

$4.0M$2.0M$0-$2.0MRevenue 2016: $1,573,745Expenses 2016: $1,281,494Net Income 2016: $292,2512016Revenue 2017: $1,161,526Expenses 2017: $1,404,694Net Income 2017: -$243,1682017Revenue 2018: $1,231,731Expenses 2018: $1,047,122Net Income 2018: $184,6092018Revenue 2019: $1,410,916Expenses 2019: $1,371,467Net Income 2019: $39,4492019Revenue 2020: $2,576,726Expenses 2020: $1,704,290Net Income 2020: $872,4362020Revenue 2021: $1,878,452Expenses 2021: $2,101,027Net Income 2021: -$222,5752021Revenue 2022: $3,073,052Expenses 2022: $2,833,298Net Income 2022: $239,7542022Revenue 2023: $3,607,788Expenses 2023: $3,236,208Net Income 2023: $371,5802023Revenue 2024: $3,041,758Expenses 2024: $3,487,403Net Income 2024: -$445,6452024Revenue 2025: $3,262,305Expenses 2025: $3,582,432Net Income 2025: -$320,1272025

Highlighted filing

2018

Revenue$1,231,731
Expenses$1,047,122
Net Income$184,609
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Feb 4, 2019
Return Version
2017v2.2
Gross Receipts
$1,246,095
Mission and Program Overview

Mission

Researching, developing and promoting innovative solutions to increase resiliency in american communities

To make Southern California more livable and prosperous today, and for generations to come.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$49,083$215,723▲ $166,640
Cash and Non-Interest-Bearing Accounts$23,947$125,516▲ $101,569
Accounts Receivable$54,750$96,517▲ $41,767
Pledges and Grants Receivable$94,536$25,000▼ $69,536
Land, Buildings, and Equipment, Net$3,693$2,770▼ $923
Savings and Temporary Cash Investments-$0-
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-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$176,926$249,803▲ $72,877
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$127,843$34,078▼ $93,765
Other Liabilities-$2-
Total Liabilities$127,843$34,080▼ $93,763
Net Assets / Fund Balance
Total Net Assets Fund Balance$49,083$215,723▲ $166,640
Total Liabilities and Net Assets / Fund Balance$176,926$249,803▲ $72,877

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,770$1,846$4,616
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan ParfreyExecutive DirectorFT$107,113$107,113

Board Members and Trustees

NameTitle
Michael SwordsPresident
Aram NadjarianBoard Member
Capri MaddoxBoard Member
Cara HorowitzBoard Member
H David NahaiBoard Member
Jennifer GraysonBoard Member
Larry KopaldBoard Member
Victor GriegoBoard Member
Thomas WongSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Seth JacobsonConsulting10514 KINNARD AVENUE, Los Angeles, CA 90024$120,495
Revenue and Support

Revenue Composition

Contributions and Grants
$506,050
Program Service Revenue
$635,666
Investment Income
$0
Other Revenue
$90,015
All Other Contributions
$506,050
Change in Net Assets
$184,609
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$524,327
Other Expenses$522,795
Total Fundraising Expense$31,544
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$288,556$44,657$10,306$343,519
Current Officers, Directors, Trustees, and Key Employees$79,894$13,294$13,925$107,113
Fees for Services Lobbying$80,000--$80,000
All Other Expenses$32,547$5,822$664$39,033
Other Employee Benefits$32,139$4,802-$36,941
Payroll Taxes$27,199$4,778$4,777$36,754
Occupancy$25,273$4,056$1,872$31,201
Fees for Services Legal-$15,793-$15,793
Other Expenses$13,663$2,042-$15,705
Insurance$6,702$553-$7,255
Travel$5,979--$5,979
Fees for Services Accounting-$5,572-$5,572
Interest-$2,745-$2,745
Conferences and Meetings$1,333--$1,333
Total Functional Expenses$911,464$104,114$31,544$1,047,122
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$104,379
Fundraising Direct Expenses$14,364
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Coolest in La Gala$104,379$104,379$5,174$99,205
Total Events$104,379$104,379$14,364$90,015
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
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-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rounding$2
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

Form 990 is prepared by a local accounting firm. The draft Form 990 is reviewed by the Executive Director and Administrative Manager. The draft is presented to the Board of Directors before filing with Federal and State taxing authorities.

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

The organization's board of directors set compensation for the executive director. The board gathers input for setting the executive compensation from local nonprofit compensation surveys, from 990's of similar organizations in their service area, and from compensation information received from member industry associations. The executive director is responsible of setting the compensation of other staff and contractors through salary information received from similar sources as used in setting the director's compensation.

Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection

Copies of Form 990 is available upon request.

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

No documents available to the public.

Form 990, Part VI, Section B, Line 12C

At least once a year, the organization distributes the conflict of interest policy to officers, directors and key employees. Each recipient must certify he or she has received a copy of the policy, has read and understands it, has agreed to comply with the policy, understands that the organization is charitable, and in order to maintain its federal tax exemption it must engage primarily in activities that accomplish one or more of its exempt purpose and not engage in activities and transactions that provide impermissible benefits to individuals or entities, and that he or she has no actual or possible conflict of interest to report. He or she must described any relationships, transactions or other circumstances, including those of an immediate family member, that could result in a conflict between the organization's interest and his or her personal financial or other interests.

Filing and Contact Details

Filer

Filer Name
Climate Resolve
EIN
46-4736278
Phone
2136343790
Address
525 SOUTH HEWITT STREET, LOS ANGELES, CA 90013

Signing Officer

Name
Jonathan Parfrey
Title
Executive Director
Signed
2019-02-04
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
CA
Voting Board Members
9
Independent Board Members
9
Employees
8
Volunteers
25

Preparer

Firm
Samuel V Trice Jr CPA
Address
4415 Victoria Park Drive, Los Angeles, CA 90019
Preparer
Samuel V Trice Jr CPA
Phone
3239379462
Supplemental Narrative

Additional Explanations

Schedule C Grass Roots Lobbying Expenses

The contribution of $80,000 was for vote Yes on Proposition 68 - Californians for Clean Water and Safe Parks and sponsored by Conservation Groups.

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IRS990/ProgSrvcAccomActy2Grp/Desc0Climate Resolve promotes practical climate solutions for Southern California. Builds collaborations to implement regional climate initiatives, develops communication strategies that make local climate impacts translatable to people, and shares its approach as a model for cities and regions across the world to create lasting global change.
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