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Nonprofiteer
← CARBON TRACKER INITIATIVE INC

Form 990 for tax year 2023

Filed by CARBON TRACKER INITIATIVE INC.

Totals

Total revenue
$1,493,223
Total expenses
$1,442,126
Contributions and grants received
$1,493,223
Grants paid
$22,455
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$296,358
Total liabilities, end of year
$86,398
Net assets or fund balances, end of year
$209,960
Program services expenses (Part IX)
$1,214,709
Management and general expenses
$227,417
Fundraising expenses
$0
Program service expenses (Part III)
$1,214,709

Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,493,223

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $22,455 · program services $22,455

  • 5 · Compensation of officers, directors and key employees

    total $244,966 · program services $210,671 · management and general $34,295

  • 7 · Other salaries and wages

    total $567,160 · program services $487,758 · management and general $79,402

  • 8 · Pension plan contributions

    total $9,169 · program services $7,885 · management and general $1,284

  • 9 · Other employee benefits

    total $53,923 · program services $46,374 · management and general $7,549

  • 10 · Payroll taxes

    total $62,485 · program services $53,737 · management and general $8,748

  • 11b · Fees: legal

    total $7,142 · management and general $7,142

  • 11c · Fees: accounting

    total $13,000 · management and general $13,000

  • 11g · Fees: other

    total $272,506 · program services $241,725 · management and general $30,781

  • 13 · Office expenses

    total $11,763 · management and general $11,763

  • 14 · Information technology

    total $45,651 · program services $45,651

  • 16 · Occupancy

    total $68,566 · program services $57,595 · management and general $10,971

  • 22 · Depreciation, depletion and amortization

    total $5,442 · management and general $5,442

  • 23 · Insurance

    total $2,269 · management and general $2,269

  • 24a · Other expenses: TRAVEL AND MEETINGS

    total $48,640 · program services $40,858 · management and general $7,782

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $6,989 · management and general $6,989

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $106,565 · end of year $103,533

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,926 · end of year $31,321

  • 10a · Land, buildings and equipment: cost or other basis

    $15,254

  • 10b · Land, buildings and equipment: accumulated depreciation

    $8,018

  • 10c · Land, buildings and equipment, net

    beginning of year $10,726 · end of year $7,236

  • 15 · Other assets

    beginning of year $76,269 · end of year $154,268

  • 17 · Accounts payable and accrued expenses

    beginning of year $55,672 · end of year $86,398

  • 27 · Net assets without donor restrictions

    beginning of year $63,327 · end of year $67,046

  • 28 · Net assets with donor restrictions

    beginning of year $96,487 · end of year $142,914

Mission and programs · 2023

Mission

TO FOSTER, FACILITATE, AND SUPPORT AWARENESS OF THE ENVIRONMENTAL HAZARDS AND FINANCIAL RISKS ASSOCIATED WITH CLIMATE CHANGE GENERALLY AND, IN PARTICULAR, WITH THE INVESTMENT IN AND USE OF FOSSIL FUELS BY, AMONG OTHER ACTIVITIES: (A) PROVIDING AND SUPPORTING EDUCATIONAL FORUMS, ACTIVITIES, AND MATERIALS THROUGH WHICH INVESTORS, THE GENERAL PUBLIC, AND OTHER STAKEHOLDERS CAN LEARN ABOUT CLIMATE CHANGE AND FOSSIL FUEL INVESTMENT RISKS, (B) FACILITATING, SUPPORTING, AND DISSEMINATING RESEARCH AND ANALYSIS ON THE FINANCIAL IMPLICATIONS OF CLIMATE CHANGE, (C) CREATING, ASSEMBLING, AND MAINTAINING EDUCATIONAL MATERIALS, TRAINING AND IMPACT MEASUREMENT TOOLS, AND OTHER RESOURCES RELATING TO CLIMATE CHANGE AND ITS EFFECTS ON FINANCIAL MARKETS, (D) FOSTERING AND SUPPORTING RELATIONSHIPS AND COLLABORATIONS INTENDED TO CREATE AND MAINTAIN EDUCATED COMMUNITIES OF ENVIRONMENTALLY CONSCIOUS INVESTORS AND OTHER MARKET PARTICIPANTS, AND (E) CONDUCTING AND SUPPORTING CHARITABLE AND EDUCATIONAL PROJECTS

Activities or mission (Part I)

TO FOSTER, FACILITATE, AND SUPPORT AWARENESS OF THE ENVIRONMENTAL HAZARDS AND FINANCIAL RISKS ASSOCIATED WITH CLIMATE CHANGE.

  • THE ORGANIZATION'S RESEARCH PROGRAM CONDUCTS SCENARIO ANALYSIS TO EXAMINE AND UNDERSTAND HOW POTENTIAL CHANGES TO SUPPLY AND DEMAND WILL IMPACT THE FUTURE OF FOSSIL FUEL-EXPOSED COMPANIES AND PROJECTS. THIS ANALYSIS HELPS THE INVESTMENT COMMUNITY BETTER UNDERSTAND THE FINANCIAL IMPLICATIONS OF TACKLING CLIMATE CHANGE. WITH THIS INFORMATION, THE ORGANIZATION PRODUCES REPORTS WHICH ARE PROVIDED ON THE ORGANIZATION'S WEBSITE, FREE-OF-CHARGE.

    Expenses $1,214,709 · Grants $22,455

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mark Campanale

    PRESIDENT & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ilmi Granoff

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Adam Kanzer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert Schuwerk

    EXECUTIVE DIRECTOR

    Total calculated
    $244,966
    From this org
    $188,700
    From related orgs
    $0
    Other
    $56,266
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $171,570
    Bonus
    $17,130
    Other
    $0
    Deferred
    $7,541
    Nontaxable benefits
    $48,725
    Filer's total
    $244,966

  • Neil Quach

    SENIOR CORPORATE RESEARCH ANALYST

    Total calculated
    $175,622
    From this org
    $153,335
    From related orgs
    $0
    Other
    $22,287
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,430
    Bonus
    $13,905
    Other
    $0
    Deferred
    $6,124
    Nontaxable benefits
    $16,163
    Filer's total
    $175,622

  • Daniel Cronin

    PRESS & COMMUNICATIONS MANAGER

    Total calculated
    $120,732
    From this org
    $100,745
    From related orgs
    $0
    Other
    $19,987
    Hours/week
    40

  • Willard Grainger

    COMPANY RESEARCH ANALYST

    Total calculated
    $123,009
    From this org
    $110,697
    From related orgs
    $0
    Other
    $12,312
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
DURING THE REPORTED PERIOD, PERFORMANCE BONUSES WERE PROVIDED TO CERTAIN EMPLOYEES, AS INCLUDED IN PART II, COLUMN (B)(II) OF SCHEDULE J.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • TRACKER GROUP LTD

    TO HELP MARKETS UNDERSTAND RISK & OPPORTUNITY TO A LOW-CARBON FUTURE. · UK

Provenance

Return type
form_990
Tax year
2023
Filed
31 October 2024
IRS schema version
2023v5.1
Source object
202433059349301828

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