Civic Intelligence

The New York Climate Exchange Inc

EIN 92-3384115 • 501(c)3 • New York, NY

NTEE C05

Profile

Our mission is to confront urgent climate impacts and issues of environmental justice, breaking down silos through an innovative, scalable, and sustainable model that will rapidly develop new urban climate solutions.

10 South Street Slip 7New York, NY 10004

nyclimateexchange.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$121,185,583

Up $14,614,495 (+14%) from 2024

Liabilities

Up

$5,974,326

Up $1,226,070 (+26%) from 2024

Net Assets

Up

$115,211,257

Up $13,388,425 (+13%) from 2024

Operations

Revenue

Down

$21,197,671

Down $89,467,122 (-81%) from 2024

Expenses

Down

$7,809,246

Down $1,032,715 (-12%) from 2024

Net Income

Down

$13,388,425

Down $88,434,407 (-87%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2024: $106,571,088Liabilities 2024: $4,748,256Net Assets 2024: $101,822,8322024Assets 2025: $121,185,583Liabilities 2025: $5,974,326Net Assets 2025: $115,211,2572025

Highlighted filing

2025

Assets$121,185,583
Liabilities$5,974,326
Net Assets$115,211,257

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150M$100M$50M$0Revenue 2024: $110,664,793Expenses 2024: $8,841,961Net Income 2024: $101,822,8322024Revenue 2025: $21,197,671Expenses 2025: $7,809,246Net Income 2025: $13,388,4252025

Highlighted filing

2025

Revenue$21,197,671
Expenses$7,809,246
Net Income$13,388,425

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Mar 13, 2026
Return Version
2024v5.5
Gross Receipts
$21,197,671
Mission and Program Overview

Mission

Our mission is to confront urgent climate impacts and issues of environmental justice, breaking down silos through an innovative, scalable, and sustainable model that will rapidly develop new urban climate solutions.

Our mission is to address climate and justice challenges through scalable urban solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$87,194,793$67,957,859▼ $19,236,934
Land, Buildings, and Equipment, Net$18,896,359$37,435,175▲ $18,538,816
Cash and Non-Interest-Bearing Accounts$446,103$15,398,941▲ $14,952,838
Prepaid Expenses and Deferred Charges$33,833$392,645▲ $358,812
Total Assets$106,571,088$121,185,583▲ $14,614,495
Other Assets Total$0$963▲ $963
Liabilities
Accounts Payable and Accrued Expenses$4,748,256$5,974,326▲ $1,226,070
Total Liabilities$4,748,256$5,974,326▲ $1,226,070
Net Assets / Fund Balance
Net Assets With Donor Restrictions$78,664,793$66,867,263▼ $11,797,530
Net Assets Without Donor Restrictions$23,158,039$48,343,994▲ $25,185,955
Total Net Assets Fund Balance$101,822,832$115,211,257▲ $13,388,425
Total Liabilities and Net Assets / Fund Balance$106,571,088$121,185,583▲ $14,614,495

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$37,363,004-$37,363,004
Equipment$72,171$12,036$84,207
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephen HammerExecutive Director & CEOFT$439,677$21,023$460,700
Andrew Winters Dir of CapProjects, Planning,& DevelopmentFT$372,050$62,369$434,419
Keecha GardnerChief Advancement OfficerFT$246,601$30,474$277,075
Valerie Guillamo Dir ofMultilateral InitiativesFT$134,921$12,841$147,762
Elizabeth Verostek Dir ofFinance & AdministrationFT$121,280$15,895$137,175
Shaina HorowitzDirector of InnovationFT$114,245$18,359$132,604
Andel Koester Dir ofCommunity InitiativesFT$122,891$6,474$129,365
Lauren BarredoChief of StaffFT$108,942$9,270$118,212

Board Members and Trustees

NameTitle
Andrea GoldsmithChair as of 06/2025
Richard MccormickChair Until 05/2025
Robert SteelVice Chair as of 08/2024
Chaouki AbdallahVice-chair Until 09/2024
Adam FreedDirector
Beril ToktayDirector
Damaris ReyesDirector
Errol CockfieldDirector
Euan W RobertsonDirector
Frank HodgeDirector
Giovanni FassioDirector
Jerome LynchDirector
Judith GreimanDirector
Justin FincherDirector
Justina Nixon-saintilDirector
Marvin KrislovDirector
Ryne RafaelleDirector
Scott BarrettDirector
Maya TolstoyDirector Until 06/2025
William BouldingDirector Until 08/2024
Frances BronetSecretary
Jed ShiversTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
SomConsulting7 WORLD TRADE CENTER, New York, NY 10007$9,916,026
Huron Consulting GroupAdvisory Support1166 6TH AVE SUITE 300, New York, NY 10036$3,145,880
Sterling Project Development GroupConsulting111 GREAT NECK ROAD STE 408, Great Neck, NY 11021$2,611,834
LanganConsulting360 WEST 31ST STREET 8TH FL, New York, NY 10001$1,896,343
Troutman Pepper Hamilton Sanders LLPConsulting875 3RD AVE, New York, NY 10022$576,467
Revenue and Support

Revenue Composition

Contributions and Grants
$20,286,819
Program Service Revenue
$20,250
Investment Income
$0
Other Revenue
$890,602
All Other Contributions
$20,240,236
Change in Net Assets
$13,388,425

Audited Revenue Reconciliation

Revenue per Audited Statements
$21,197,671
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$880,322
Total Revenue per Audited Statements
$22,077,993
Total Revenue per Form 990
$21,197,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,142,246
Other Expenses$2,213,475
Total Fundraising Expense$1,649,939
Professional Fundraising Fees$451,525
Grants and Similar Amounts Paid$2,000

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,676,521$120,048$511,261$3,307,830
Current Officers, Directors, Trustees, and Key Employees$236,201$533,662$361,382$1,131,245
Fees for Services Other$663,649$21,600$178,952$864,201
Fees for Services Professional Fundraising--$451,525$451,525
Payroll Taxes$240,993$52,208$66,788$359,989
Conferences and Meetings$305,780-$389$306,169
Travel$219,385$11,634$10,634$241,653
Fees for Services Management$217,741--$217,741
Other Employee Benefits$182,969$8,274$26,467$217,710
Information Technology$6,037$112,343$26,341$144,721
Pension Plan Contributions$110,214$468$14,790$125,472
Fees for Services Legal-$116,903-$116,903
Fees for Services Accounting-$92,340-$92,340
Insurance-$69,043-$69,043
Interest-$56,199-$56,199
Advertising$36,898--$36,898
Office Expenses$13,810$21,398$423$35,631
Occupancy-$16,373-$16,373
Depreciation Depletion$10,310$739$987$12,036
Other Expenses$1,737$1,830-$3,567
Grants to Domestic Orgs$2,000--$2,000
Total Functional Expenses$4,924,245$1,235,062$1,649,939$7,809,246

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$8,689,568
Expenses per Audited Statements$7,809,246
Total Expenses per Form 990$7,809,246
Expenses Not Reported on Form 990$880,322
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$451,525
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Huron consulting group operated under project management office (pmo) structure. The pmo supported the exchange enterprise and coordinated across 6 cross-functional groups: programming, board & governance, finance & operations, advancement and capital projects & planning. Working agreement required that nyce designated an employee within senior management to make management decisions. In addition, huron provided multi-faceted support including finance, hr, programming, external relations, general admin and strategic advisement. Huron's management duties included planning and executing budgets and financial operations and supervising exempt activities. During fiscal year ended june 30, 2025, the exchange paid $217,741 to huron consulting group for management services.

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

The form 990 is reviewed and approved by the audit committee prior to filing.

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

All board members, executives, and key employees are required to complete a conflict of interest disclosure form. Disclosures are reviewed to identify potential conflicts. Employees and board members are encouraged to disclose conflicts as they arise.

Form 990, Part VI, Section B, Line 15

The board of directors approves the annual budget which includes the compensation for any officers and key employees.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

Filing and Contact Details

Filer

Filer Name
The New York Climate Exchange Inc
EIN
92-3384115
Phone
2187708121
Address
10 SOUTH STREET SLIP 7, NEW YORK, NY 10004

Signing Officer

Name
Jed Shivers
Title
Treasurer
Phone
2187708121
Signed
2026-03-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andrea Goldsmith
Formed
2023
Legal Domicile
Ny
Voting Board Members
18
Independent Board Members
18
Employees
25
Volunteers
75

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

External communication: program service expenses 121,591. Management and general expenses 0. Fundraising expenses 5,239. Total expenses 126,830. Government relations: program service expenses 150,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 150,000. Payroll fees: program service expenses 39,358. Management and general expenses 21,600. Fundraising expenses 0. Total expenses 60,958. Speaker fees: program service expenses 500. Management and general expenses 0. Fundraising expenses 0. Total expenses 500. Participant fees: program service expenses 5,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 5,000. Consultant fees: program service expenses 38,450. Management and general expenses 0. Fundraising expenses 0. Total expenses 38,450. Advisory support: program service expenses 308,750. Management and general expenses 0. Fundraising expenses 173,713. Total expenses 482,463.

Financial Statement Notes

PART X, LINE 2:

The exchange did not identify any uncertain tax positions for the years ended june 30, 2025 and 2024.

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IRS990/Form990PartVIISectionAGrp/PersonNm1ANDREA GOLDSMITH
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT STEEL
IRS990/Form990PartVIISectionAGrp/PersonNm3CHAOUKI ABDALLAH
IRS990/Form990PartVIISectionAGrp/PersonNm4JED SHIVERS
IRS990/Form990PartVIISectionAGrp/PersonNm5FRANCES BRONET
IRS990/Form990PartVIISectionAGrp/PersonNm6SCOTT BARRETT
IRS990/Form990PartVIISectionAGrp/PersonNm7WILLIAM BOULDING
IRS990/Form990PartVIISectionAGrp/PersonNm8ERROL COCKFIELD
IRS990/Form990PartVIISectionAGrp/PersonNm9GIOVANNI FASSIO
IRS990/Form990PartVIISectionAGrp/PersonNm10JUSTIN FINCHER
IRS990/Form990PartVIISectionAGrp/PersonNm11ADAM FREED
IRS990/Form990PartVIISectionAGrp/PersonNm12JUDITH GREIMAN
IRS990/Form990PartVIISectionAGrp/PersonNm13FRANK HODGE
IRS990/Form990PartVIISectionAGrp/PersonNm14MARVIN KRISLOV
IRS990/Form990PartVIISectionAGrp/PersonNm15JEROME LYNCH
IRS990/Form990PartVIISectionAGrp/PersonNm16JUSTINA NIXON-SAINTIL
IRS990/Form990PartVIISectionAGrp/PersonNm17RYNE RAFAELLE
IRS990/Form990PartVIISectionAGrp/PersonNm18DAMARIS REYES
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IRS990/Form990PartVIISectionAGrp/PersonNm28SHAINA HOROWITZ
IRS990/Form990PartVIISectionAGrp/PersonNm29LAUREN BARREDO
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR UNTIL 05/2025
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR AS OF 06/2025
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE CHAIR AS OF 08/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR UNTIL 09/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR UNTIL 08/2024
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt18DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt19DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt20DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt21DIRECTOR UNTIL 06/2025
IRS990/Form990PartVIISectionAGrp/TitleTxt22EXECUTIVE DIRECTOR & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt23PROJECTS, PLANNING,& DEVELOPMENT
IRS990/Form990PartVIISectionAGrp/TitleTxt24CHIEF ADVANCEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt25FINANCE & ADMINISTRATION
IRS990/Form990PartVIISectionAGrp/TitleTxt26COMMUNITY INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt27MULTILATERAL INITIATIVES
IRS990/Form990PartVIISectionAGrp/TitleTxt28DIRECTOR OF INNOVATION
IRS990/Form990PartVIISectionAGrp/TitleTxt29CHIEF OF STAFF
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IRS990/MissionDesc0OUR MISSION IS TO CONFRONT URGENT CLIMATE IMPACTS AND ISSUES OF ENVIRONMENTAL JUSTICE, BREAKING DOWN SILOS THROUGH AN INNOVATIVE, SCALABLE, AND SUSTAINABLE MODEL THAT WILL RAPIDLY DEVELOP NEW URBAN CLIMATE SOLUTIONS.
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