Civic Intelligence

Climate Equity Action Fund

990 • Fiscal year 2024 • EIN 88-3587010

Jan 01, 2024 to Dec 31, 2024 • Filed on Nov 14, 2025

1100 13th St NW 800Washington, DC 20005

(202) 595-1061

Siviq Scores

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

Liabilities / Assets

88th percentile

0.67x

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

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

54th percentile

0.25x

Higher debt load relative to revenue than 54% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Net Margin

52nd percentile

11%

Higher net margin than 52% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$0

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Source year 2024

Asset Growth

99th percentile

1834%

Faster asset growth than 99% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

99th percentile

4940%

Faster revenue growth than 99% of similar nonprofits.

2024 filings • 501(c)4 • $10M-$25M nonprofits • Annualized from 2023 to 2024

Assets

Up

$4,316,567

Up $4,093,417 (+1834%) from 2023

Net Assets

Up

$1,403,052

Up $1,231,265 (+717%) from 2023

Liabilities

Up

$2,913,515

Up $2,862,152 (+5572%) from 2023

Revenue

Up

$11,593,121

Up $11,363,121 (+4940%) from 2023

Expenses

Up

$10,361,856

Up $10,303,643 (+17700%) from 2023

Net Income

Up

$1,231,265

Up $1,059,478 (+617%) from 2023

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$0Assets 2023: $223,150Liabilities 2023: $51,363Net Assets 2023: $171,7872023Assets 2024: $4,316,567Liabilities 2024: $2,913,515Net Assets 2024: $1,403,0522024

Highlighted filing

2024

Assets$4,316,567
Liabilities$2,913,515
Net Assets$1,403,052

Operations Trend

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

$15M$10M$5.0M$0Revenue 2023: $230,000Expenses 2023: $58,213Net Income 2023: $171,7872023Revenue 2024: $11,593,121Expenses 2024: $10,361,856Net Income 2024: $1,231,2652024

Highlighted filing

2024

Revenue$11,593,121
Expenses$10,361,856
Net Income$1,231,265
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$11,593,121
Mission and Program Overview

Mission

The climate equity action fund (ceaf) works hand-in-hand with community-based partners in critical states across the country to secure and sustain policy wins for climate and clean energy. Building on over a decade of trust with leading independent advocacy organizations in each state, we deploy strategic grants and technical assistance to build a broad and diverse base of support that achieves results. The equity action fund also selectively helps elect clean energy champions to public office.

Invest in strategies that build a powerful base to secure clean energy policy wins.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$223,150$4,241,567▲ $4,018,417
Pledges and Grants Receivable$0$75,000▲ $75,000
Total Assets$223,150$4,316,567▲ $4,093,417
Liabilities
Grants Payable$0$2,065,000▲ $2,065,000
Other Liabilities$45,538$847,429▲ $801,891
Accounts Payable and Accrued Expenses$5,825$1,086▼ $4,739
Total Liabilities$51,363$2,913,515▲ $2,862,152
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$100,000$1,403,052▲ $1,303,052
Net Assets With Donor Restrictions$71,787$0▼ $71,787
Total Net Assets Fund Balance$171,787$1,403,052▲ $1,231,265
Total Liabilities and Net Assets / Fund Balance$223,150$4,316,567▲ $4,093,417
Compensation and Service Providers

Board Members and Trustees

NameTitle
Michelle DepassChair
Roger KimPresident - Until 04/2024
Sarah ChristiansenSecretary
Julie FernandesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$11,593,121
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$11,593,121
Change in Net Assets
$1,231,265

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,593,121
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$11,593,121
Total Revenue per Form 990
$11,593,121
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$9,440,000
Salaries, Compensation, and Employee Benefits$713,123
Other Expenses$208,733
Total Fundraising Expense$110,557
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$9,440,000--$9,440,000
Other Salaries and Wages$266,223$208,749$78,594$553,566
Fees for Services Other$21,732$76,674$4,022$102,428
Other Employee Benefits$37,613$31,235$11,106$79,954
Payroll Taxes$19,932$17,359$5,886$43,177
Fees for Services Legal$6,526$23,024$1,208$30,758
Fees for Services Accounting$6,341$22,371$1,173$29,885
Current Officers, Directors, Trustees, and Key Employees$792$25,332$264$26,388
Travel$7,168$4,283$2,405$13,856
Information Technology$5,762$5,840$1,702$13,304
Depreciation Depletion$5,627$5,703$1,661$12,991
Pension Plan Contributions$4,634$4,036$1,368$10,038
Occupancy$1,485$1,642$438$3,565
Office Expenses$107$1,031$683$1,821
Other Expenses$7$71$47$125
Total Functional Expenses$9,823,949$427,350$110,557$10,361,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$10,361,856
Total Expenses per Audited Statements$10,361,856
Total Expenses per Form 990$10,361,856
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Casa in ActionHyattsville, MD501(c)(4)General Operating Support$285,000
Georgia Conservation Voters IncAtlanta, GA501(c)(4)General Operating Support$275,000
Florida Rising IncMiami, FL501(c)(4)Political Activities Support$250,000
League of Conservation Voters IncWashington, DC501(c)(4)General Operating Support$245,000
Living United for Change in ArizonaPhoenix, AZ501(c)(4)General Operating Support$245,000
Make the Road ActionBrooklyn, NY501(c)(4)General Operating Support$225,000
Our Voice Our Vote ArizonaPhoenix, AZ501(c)(4)General Operating Support$220,000
Michigan Peoples CampaignDetroit, MI501(c)(4)Political Activities Support$200,000
Progressive Maryland IncLanham, MD501(c)(4)General Operating Support$200,000
We the People Action FundDetroit, MI501(c)(4)Political Activities Support$200,000
Casa in ActionHyattsville, MD501(c)(4)Political Activities Support$195,000
New Virginia MajorityAlexandria, VA501(c)(4)General Operating Support$195,000
Down Home North Carolina C4Greensboro, NC501(c)(4)Political Activities Support$190,000
Coalfield Justice ActionWashington, PA501(c)(4)General Operating Support$185,000
Black Voters Matter Fund IncAtlanta, GA501(c)(4)Political Activities Support$165,000
Florida Rising IncMiami, FL501(c)(4)General Operating Support$150,000
Georgia Conservation Voters IncAtlanta, GA501(c)(4)Political Activities Support$150,000
New Virginia MajorityAlexandria, VA501(c)(4)Political Activities Support$150,000
Rural Arizona ActionCoolidge, AZ501(c)(4)General Operating Support$150,000
Make the Road ActionBrooklyn, NY501(c)(4)Political Activities Support$145,000
Pennsylvania Stands Up IncReading, PA501(c)(4)Political Activities Support$140,000
Down Home North CarolinaGreensboro, NC501(c)(4)General Operating Support$135,000
Faith in MinnesotaSt Paul, MN501(c)(4)Political Activities Support$125,000
Instituto PowerPhoenix, AZ501(c)(4)General Operating Support$125,000
Pennsylvania UnitedAllegheny, PA501(c)(4)General Operating Support$125,000
Progress Georgia IncAtlanta, GA501(c)(4)General Operating Support$125,000
Take Action MinnesotaSaint Paul, MN501(c)(4)Political Activities Support$125,000
Faith in ColoradoDenver, CO501(c)(4)General Operating Support$112,000
Jobs With JusticeWashington, DC501(c)(4)General Operating Support$110,000
Mn350 ActionMinneapolis, MN501(c)(4)Political Activities Support$110,000
Power Action FundHarrisburg, PA501(c)(4)General Operating Support$110,000
Power Action FundHarrisburg, PA501(c)(4)Political Activities Support$110,000
9to5 Action FundMilwaukee, WI501(c)(4)General Operating Support$100,000
Advance North Carolina IncRaleigh, NC501(c)(4)General Operating Support$100,000
Allied Media Action FundDetroit, MI501(c)(4)General Operating Support$100,000
Black Male Voter ProjectWashington, DC501(c)(4)General Operating Support$100,000
Faith in MinnesotaSt Paul, MN501(c)(4)General Operating Support$100,000
Flic Votes IncMiami, FL501(c)(4)Political Activities Support$100,000
Georgia WandAtlanta, GA501(c)(4)General Operating Support$100,000
Michigan Peoples CampaignDetroit, MI501(c)(4)General Operating Support$100,000
North Carolina a Philip Randolph Educational FundRaleigh, NC501(c)(4)Political Activities Support$100,000
Poder LatinxWashington, DC501(c)(4)General Operating Support$100,000
Siembra NcGreensboro, NC501(c)(4)Political Activities Support$100,000
Take Action MinnesotaSaint Paul, MN501(c)(4)General Operating Support$100,000
We the People Action FundDetroit, MI501(c)(4)General Operating Support$100,000
Organizers in the Land of EnchantmentAlbuquerque, NM501(c)(4)Political Activities Support$95,000
Advance North Carolina IncRaleigh, NC501(c)(4)Political Activities Support$90,000
Voces Unidas Action FundGlenwood Springs, CO501(c)(4)General Operating Support$88,000
Comunidades Organizando El Poder Y La Accion Latina-copalMinneapolis, MN501(c)(4)Political Activities Support$85,000
Unidos MnMinneapolis, MN501(c)(4)Political Activities Support$85,000
Organize Pennsylvania (dba One Pennsylvania)Pittsburgh, PA501(c)(4)Political Activities Support$80,000
Pennsylvania UnitedAllegheny, PA501(c)(4)Political Activities Support$80,000
Voces Unidas Action FundGlenwood Springs, CO501(c)(4)Political Activities Support$80,000
Comunidades Organizando El Poder Y La Accion Latina-copalMinneapolis, MN501(c)(4)General Operating Support$75,000
Georgia Youth Justice Coalition for Action IncAtlanta, GA501(c)(4)Political Activities Support$75,000
Mn350 ActionMinneapolis, MN501(c)(4)General Operating Support$75,000
Native Voters Alliance NevadaLas Vegas, NV501(c)(4)Political Activities Support$75,000
Progress Now Va - Local AffilliateLansing, MI501(c)(4)General Operating Support$75,000
Progress Now Va - Local AffilliateLansing, MI501(c)(4)Political Activities Support$75,000
Somos AccionSanta Fe, NM501(c)(4)General Operating Support$75,000
Unidos MnMinneapolis, MN501(c)(4)General Operating Support$75,000
Center for Civic ActionAlbuquerque, NM501(c)(4)General Operating Support$70,000
Dreams in Action New MexicoAlbuquerque, NM501(c)(4)General Operating Support$70,000
Land Stewardship Action FundMinneapolis, MN501(c)(4)Political Activities Support$70,000
COLORADO PEOPLE'S ACTIONDenver, CO501(c)(4)General Operating Support$60,000
Alianza for ProgressKissimmee, FL501(c)(4)General Operating Support$50,000
Black Voters Matter Fund IncAtlanta, GA501(c)(4)General Operating Support$50,000
Center for Civic ActionAlbuquerque, NM501(c)(4)Political Activities Support$50,000
Chesapeake Climate Action Network Action Fund IncTakoma Park, MD501(c)(4)General Operating Support$50,000
Fanm in ActionMiami, FL501(c)(4)Political Activities Support$50,000
Florida Watch IncJacksonville, FL501(c)(4)Political Activities Support$50,000
Land Stewardship Action FundMinneapolis, MN501(c)(4)General Operating Support$50,000
Ncaat in ActionRaleigh, NC501(c)(4)General Operating Support$50,000
Nm Native VoteAlbuquerque, NM501(c)(4)General Operating Support$50,000
Nm Native VoteAlbuquerque, NM501(c)(4)Political Activities Support$50,000
Youth United for Climate Crisis ActionSanta Fe, NM501(c)(4)General Operating Support$50,000
Organize Pennsylvania (dba One Pennsylvania)Pittsburgh, PA501(c)(4)General Operating Support$45,000
Organizers in the Land of EnchantmentAlbuquerque, NM501(c)(4)General Operating Support$45,000
Pennsylvania Stands Up IncReading, PA501(c)(4)General Operating Support$45,000
Tides AdvocacySan Francisco, CA501(c)(4)General Operating Support$45,000
Asian Pacific Islander Political AlliancePhiladelphia, PA501(c)(4)Political Activities Support$40,000
Dreams in Action New MexicoAlbuquerque, NM501(c)(4)Political Activities Support$40,000
Florida Watch IncJacksonville, FL501(c)(4)General Operating Support$40,000
Georgia WandAtlanta, GA501(c)(4)Political Activities Support$40,000
Asian Pacific Islander Political AlliancePhiladelphia, PA501(c)(4)General Operating Support$35,000
Chesapeake Climate Action Network Action Fund IncTakoma Park, MD501(c)(4)Political Activities Support$25,000
One Peoples CampaignChicago, IL501(c)(4)General Operating Support$25,000
Progress Georgia IncAtlanta, GA501(c)(4)Political Activities Support$25,000
Progressive Leadership Alliance of Nevada Action FundLas Vegas, NV501(c)(4)General Operating Support$25,000
THE PEOPLE'S LOBBYChicago, IL501(c)(4)General Operating Support$25,000
The Organizing AllianceLas Vegas, NV501(c)(4)General Operating Support$25,000
Coalfield Justice ActionWashington, PA501(c)(4)Political Activities Support$20,000
Virginia Interfaith Power & LightRichmond, VA501(c)(4)General Operating Support$20,000
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
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$3,835,000
Total Exempt Function Spending$3,835,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Party$847,429
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 35% controlled entity
No
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
No
Other officer compensation reviewed
No
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, Section A, Line 8B

There are no committees authorized to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The federal form 990 is provided for review to the full board before filing with the internal revenue service.

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

All board members will be required to complete annual conflict-of-interest disclosure forms, detailing any personal, financial, or professional relationships that may present a conflict. Ceaf will provide a confidential reporting mechanism for individuals to report suspected violations of the conflict-of-interest policy without fear of retaliation. In the event of a violation, ceaf will follow established procedures for investigation and enforcement. Consequences may include disciplinary action or other measures deemed appropriate. Ceaf aims to foster a culture of transparency and accountability while effectively managing conflicts of interest.

Form 990, Part VI, Section C, Line 19

The forms 1023 and 990 are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Climate Equity Action Fund
EIN
88-3587010
Phone
2025951061
Address
1100 13TH ST NW 800, WASHINGTON, DC 20005

Signing Officer

Name
Andrea Cristina Mercado
Title
President & CEO
Phone
2025951061
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Cristina Mercado
Formed
2022
Legal Domicile
Dc
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
Cbiz Advisors LLC
Address
1899 L STREET NW 850, WASHINGTON, DC 20036
Preparer
Aaron M Fox
Phone
2022274000
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

For the year ended december 31, 2024, the action fund has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

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IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0THE CLIMATE EQUITY ACTION FUND (CEAF) WORKS HAND-IN-HAND WITH COMMUNITY-BASED PARTNERS IN CRITICAL STATES ACROSS THE COUNTRY TO SECURE AND SUSTAIN POLICY WINS FOR CLIMATE AND CLEAN ENERGY. BUILDING ON OVER A DECADE OF TRUST WITH LEADING INDEPENDENT ADVOCACY ORGANIZATIONS IN EACH STATE, WE DEPLOY STRATEGIC GRANTS AND TECHNICAL ASSISTANCE TO BUILD A BROAD AND DIVERSE BASE OF SUPPORT THAT ACHIEVES RESULTS. THE EQUITY ACTION FUND ALSO SELECTIVELY HELPS ELECT CLEAN ENERGY CHAMPIONS TO PUBLIC OFFICE.
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IRS990/PoliticalCampaignActyInd01
IRS990/PrincipalOfficerNm0ANDREA CRISTINA MERCADO
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IRS990/ProgSrvcAccomActy2Grp/Desc0POLICY ACCELERATOR: DONOR ADVISING AND GRANTMAKING THAT PROPELS MULTI-RACIAL VOTER SUPPORT TO ELECT CLIMATE CHAMPIONS AND SECURE POLICY WINS FOR CLIMATE ACTION AND CLEAN ENERGY BY INCREASING THE VOTE SHARE, POLITICAL POWER AND POLICY RESPONSIVENESS TO BLACK, INDIGENOUS, LATINX, AAPI, IMMIGRANT, AND LOW-WEALTH MULTIRACIAL COMMUNITIES.
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE CEAF GRANT PROGRAM MAKES GRANTS TO 501(C)(4) NONPROFITS. A PORTION OF SOME GRANT AWARDS MAY BE USED FOR POLITICAL EXPENDITURES.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I-A, LINE 1:
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IRS990ScheduleC/VolunteerHoursCnt00
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTY
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IRS990ScheduleD/RevenueSubtotalAmt011593121
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FOR THE YEAR ENDED DECEMBER 31, 2024, THE ACTION FUND HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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