C40 Cities Climate Leadership Group Inc

“Michael bloomberg and antha williams have a business relationship.”

“The organization's bylaws provide that the organization's members are city mayors serving on the steering committee of c40 climate leadership group (a coalition of mayors from around the world) and that such members would elect the directors of the organization.”

“See explanation to part vi, section a, line 6 above.”

“Form 990 was made available to all Board members prior to signing by the Managing Director of Corporate Services, a delegated authority of the Executive Director.”

“Each director completes a conflict of interest statement annually with disclosures of financial interests, and these are reviewed by the executive director and the director of corporate services. If appropriate, if any conflicts were declared, a conflicts committee would be convened. There have been no material changes to conflicts in the last year. An interested person does not participate in the determination of a vote on certain transactions or arrangements. An interested party shall not attempt to influence the board members regarding matters in which he or she has a financial interest and shall not participate in any vote to determine whether his or her financial interest results in a conflict of interest.”

“C40 follows a compensation policy approved by the c40 board. In line with the policy, approval for all new compensation arrangements is based on, to the extent reasonably available, information about compensation paid by similarly situated non-profit organizations, or organizations in comparable sectors, for similar services, current compensation surveys compiled by independent firms and actual written offers from similarly situated organizations, and other relevant information. The remuneration policy indicates that the review exercise will be undertaken every 3 years with the next review (for global north) currently scheduled for 2025. Based on c40's performance and financial position, the management team aim to, at their discretion, offer all staff an annual inflationary increase to their salary, where appropriate. This is determined by the executive director based on the available funds and forms part of the annual budget approved by the board. The executive director receives increments in line with those for other staff, and these are approved by the board's finance & audit committee, which includes the treasurer, based on inflation considerations, benchmarked information from other organisations and other relevant information. The finance & audit committee is comprised of members of the board and is independent of the executive committee. C40 has documented payscales and a job evaluation framework. C40 also records in writing all material information provided by third parties which was relied upon in approving or disapproving such compensation arrangements, as well as the source of such information.”

“THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. REQUEST FOR REVIEWING THE ORGANIZATION'S DOCUMENTS CAN BE ADDRESSED TO Juliette Carter, IN CARE OF C40 CITIES CLIMATE LEADERSHIP GROUP, INC. AS NOTED IN PART VI, SECTION C, QUESTION 20.”

“In 2024, c40 continued to focus its work to: - support cities to deliver major programmes and policies in the areas of transport, buildings and energy, waste, urban planning, air quality and resilience. - support cities to mainstream climate action into their governance structures - support cities in making the case for action - support the financing of action in cities through preparation of city projects and engagement of financial institutions - support the alignment of city, regional and national bodies through the coalition of high ambition multi-level partnerships the critical work that c40 does is broader than these sub-missions. But they help define the main cross-organisational focuses, for a given period, to leverage policy and advocacy resources across c40 to build public support and social acceptance for local climate action.”

“C40 is a network of the world's megacities committed to addressing climate change. C40 supports cities to collaborate effectively, share knowledge and drive meaningful, measurable and sustainable actions on climate change. Created and led by cities, c40 is focused on tackling climate change and driving urban action that reduce greenhouse gas emissions and climate risks, while increasing the health, well-being and economic opportunities of urban citizens.”

“TECHNICAL ASSISTANCE - Total Expense: 5123947, Program Service Expense: 5123947, Management and General Expenses: , Fundraising Expenses: ; RESEARCH - Total Expense: 375665, Program Service Expense: 375665, Management and General Expenses: , Fundraising Expenses: ; TRANSLATION - Total Expense: 607833, Program Service Expense: 550926, Management and General Expenses: 56907, Fundraising Expenses: ; MEDIA SERVICES & COMMUNICATION - Total Expense: 10171, Program Service Expense: 10171, Management and General Expenses: , Fundraising Expenses: ; OTHER - Total Expense: 145950, Program Service Expense: 30173, Management and General Expenses: 115777, Fundraising Expenses: ; CONTRACTORS - Total Expense: 8910033, Program Service Expense: 7533113, Management and General Expenses: 1376920, Fundraising Expenses: ;”

“Income Recognition Book to Tax Difference - 1879000; Total - 1879000;”

“The total salaries reported on form 990 on part i, line 15 and part ix, lines 5-10 include compensation of both u.s. And foreign employees. However, part i, line 5 and part v, line 2a only report the total number of u.s. Employees. In addition to the u.s. Employees, c40 also employed a total of 424 foreign employees during calendar year 2024. The 41 u.s. Employees are paid by a third-party employer, a reporting agent of c40.”