Civic Intelligence

Climate Resolve

990 • Fiscal year 2019 • EIN 46-4736278

Jul 01, 2018 to Jun 30, 2019 • Filed on May 27, 2020

525 South Hewitt StreetLos Angeles, CA 90013

(213) 634-3790

Siviq Scores

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

Liabilities / Assets

71st percentile

0.29x

Higher debt load relative to assets than 71% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

45th percentile

0.07x

Higher debt load relative to revenue than 45% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

49th percentile

2.8%

Higher net margin than 49% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

88th percentile

38%

Faster asset growth than 88% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Revenue Growth

63rd percentile

10%

Faster revenue growth than 63% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2019

Assets

Up

$335,515

Up $85,712 (+34%) from 2018

Net Assets

Up

$239,758

Up $24,035 (+11%) from 2018

Liabilities

Up

$95,757

Up $61,677 (+181%) from 2018

Revenue

Up

$1,410,916

Up $179,185 (+15%) from 2018

Expenses

Up

$1,371,467

Up $324,345 (+31%) from 2018

Net Income

Down

$39,449

Down $145,160 (-79%) from 2018

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

2019

Assets$335,515
Liabilities$95,757
Net Assets$239,758

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

2019

Revenue$1,410,916
Expenses$1,371,467
Net Income$39,449
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 27, 2020
Return Version
2018v3.1
Gross Receipts
$1,410,916
Mission and Program Overview

Mission

The mission of climate resolve is to make southern caliofornia more livable and prosperous today, and for generations to come by inspiring people at home, at work, and in government to reduce greenhouse gas emissions and local air pollution, as well as prepare for climate change impacts. To achieve it's mission, the organization promotes practical climate solutions for souhtern california; builds collaborations to implement regional climate initiatives; develops communication strategies that make local climate impacts relatable to people, and shares its approach as a model for cities and regions across the world to create lasting global change.

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$96,517$194,535▲ $98,018
Cash and Non-Interest-Bearing Accounts$125,516$128,771▲ $3,255
Pledges and Grants Receivable$25,000$0▼ $25,000
Prepaid Expenses and Deferred Charges$10,588$9,439▼ $1,149
Land, Buildings, and Equipment, Net$2,770$2,770→ $0
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-
Total Assets$260,391$335,515▲ $75,124
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$68,177$95,755▲ $27,578
Other Liabilities$2$2→ $0
Total Liabilities$68,179$95,757▲ $27,578
Net Assets / Fund Balance
Temporarily Rstr Net Assets-$247,842-
Unrestricted Net Assets$192,212$-8,084▼ $200,296
Total Net Assets Fund Balance$192,212$239,758▲ $47,546
Total Liabilities and Net Assets / Fund Balance$260,391$335,515▲ $75,124

Asset Categories

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

Employees

NameTitleFull / Part TimeBaseTotal
Jonathan ParfreyExecutive DirectorFT$100,715$100,715

Board Members and Trustees

NameTitle
Michael SwordsPresident
Aram NadjarianBoard Member
Capri MaddoxBoard Member
Cara HorowitzBoard Member
Denise FairchildBoard Member
H David NahaiBoard Member
Jennifer GraysonBoard Member
Kellie HawkinsBoard Member
Larry KopaldBoard Member
Suja LowenthalBoard Member
Victor GriegoBoard Member
Thomas WongTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Seth JacobsonConsulting10514 KINNARD AVENUE, Los Angeles, CA 90024$152,276
Revenue and Support

Revenue Composition

Contributions and Grants
$724,041
Program Service Revenue
$555,088
Investment Income
$0
Other Revenue
$131,787
All Other Contributions
$724,041
Change in Net Assets
$39,449

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,410,916
Total Revenue per Audited Statements
$1,410,916
Total Revenue per Form 990
$1,410,916
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$697,465
Other Expenses$674,002
Total Fundraising Expense$79,621
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$410,915$45,605$13,634$470,154
Current Officers, Directors, Trustees, and Key Employees$88,025$9,769$2,921$100,715
Other Employee Benefits$59,899$6,648$1,987$68,534
Payroll Taxes$45,382$5,036$1,506$51,924
Occupancy$33,250$4,156$4,156$41,562
Information Technology$28,617$4,293$3,002$35,912
Fees for Services Legal$27,875$4,424-$32,299
Travel$22,261$3,210$2,603$28,074
All Other Expenses$9,085$9,639$373$19,097
Other Expenses$7,233$3,478$3,225$13,936
Insurance-$10,269-$10,269
Pension Plan Contributions$5,339$615$184$6,138
Fees for Services Accounting-$1,250-$1,250
Interest-$201-$201
Total Functional Expenses$1,132,708$159,138$79,621$1,371,467

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,371,467
Total Expenses per Audited Statements$1,371,467
Total Expenses per Form 990$1,371,467
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$131,787
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Coolest in La Gala$131,787$131,787-$131,787
Total Events$131,787$131,787-$131,787
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
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
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
2020-05-27
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
CA
Voting Board Members
12
Independent Board Members
12
Employees
19
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

Other Changes In Net Assets Or Fund Balances - Other Increases

adjustment = $0

Other Changes In Net Assets Or Fund Balances - Other Increases

Increase to retained earnings was due to prior period = $8097

Change in Net Assets

$8,097 was added to the retained earnings to balance the end of year retained earnings.

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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