Form 990 for tax year 2023

Totals

Total revenue

$433,667

Total expenses

$407,587

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$433,667

Investment income

$0

Other revenue

$0

Total assets, end of year

$34,652,058

Total liabilities, end of year

$29,625,978

Net assets or fund balances, end of year

$5,026,080

Program services expenses (Part IX)

$343,318

Management and general expenses

$64,269

Fundraising expenses

$0

Program service expenses (Part III)

$343,318

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.

Mission and programs · 2023

• CUT CARBON NOTE: COMBATING CLIMATE CHANGE REQUIRES CUTTING EMISSIONS NOW. TODAY, THE BUILDINGS WHERE WE LIVE, WORK, AND PLAY ARE SOME OF THE LARGEST CONTRIBUTORS TO CARBON EMISSIONS IN THE UNITED STATES. BUT LOWER-CARBON SOLUTIONS FOR BUILDINGS ALREADY EXIST. THE CUT CARBON NOTE IS A SECURED, INVESTMENT-GRADE RATED, FIXED-INCOME PRODUCT THAT FINANCES SUSTAINABILITY UPGRADES FOR COMMERCIAL BUILDINGS, WITH THE OBJECTIVE OF REDUCING CARBON EMISSIONS. BY REMOVING OBSTACLES TO CONSTRUCTING GREENER BUILDINGS, WE'RE MAKING IT ATTRACTIVE TO PUT SUSTAINABILITY AT THE FOREFRONT OF BUILDING DECISIONS.

  Expenses $343,318

As filed on the 2023 return.

Listed in Part VII

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

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.

• CALVERT IMPACT INC

  501(C)(3) · INVESTMENT MANAGEMENT · DE

• CALVERT IMPACT CAPITAL INC

  501(C)(3) · INVESTMENT MANAGEMENT · MD

• CLIMATE UNITED FUND

  501(C)(3) · INVESTMENT MANAGEMENT · MD

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Provenance

Return type

form_990

Tax year

2023

Filed

29 August 2024

IRS schema version

2023v5.1

Source object

202442429349300224

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