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Nonprofiteer
← VERRA

Form 990 for tax year 2025

Filed by VERRA.

Totals

Total revenue
$30,616,660
Total expenses
$31,573,936
Contributions and grants received
$924,209
Grants paid
$0
Program service revenue
$29,053,293
Investment income
$639,158
Other revenue
$0
Total assets, end of year
$26,804,981
Total liabilities, end of year
$3,774,241
Net assets or fund balances, end of year
$23,030,740
Program services expenses (Part IX)
$29,460,643
Management and general expenses
$2,068,169
Fundraising expenses
$45,124
Program service expenses (Part III)
$29,460,643

Program services were 93.3% 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

    $924,209

  • 1g · Noncash contributions included above

    $50,200

  • 2a · Program service revenue: Program service levy income

    total $25,573,411 · related or exempt $25,573,411

  • 2b · Program service revenue: Registry service fees

    total $2,598,450 · related or exempt $2,598,450

  • 2c · Program service revenue: Grants and contracts

    total $536,200 · related or exempt $536,200

  • 2d · Program service revenue: Other program income

    total $345,232 · related or exempt $345,232

  • 3 · Investment income

    total $639,158 · excluded $639,158

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,152,310 · program services $2,014,813 · management and general $132,610 · fundraising $4,887

  • 7 · Other salaries and wages

    total $14,809,162 · program services $13,847,947 · management and general $925,351 · fundraising $35,864

  • 8 · Pension plan contributions

    total $607,915 · program services $578,452 · management and general $29,463

  • 9 · Other employee benefits

    total $3,840,033 · program services $3,653,925 · management and general $186,108

  • 10 · Payroll taxes

    total $595,665 · program services $566,796 · management and general $28,869

  • 11b · Fees: legal

    total $760,374 · program services $563,561 · management and general $196,813

  • 11c · Fees: accounting

    total $22,560 · management and general $22,560

  • 11g · Fees: other

    total $5,626,212 · program services $5,568,195 · management and general $55,887 · fundraising $2,130

  • 12 · Advertising and promotion

    total $224,596 · program services $209,571 · management and general $14,711 · fundraising $314

  • 13 · Office expenses

    total $400,671 · program services $371,627 · management and general $28,472 · fundraising $572

  • 14 · Information technology

    total $742,238 · program services $562,342 · management and general $179,896

  • 16 · Occupancy

    total $62,328 · program services $46,195 · management and general $16,133

  • 17 · Travel

    total $394,726 · program services $355,862 · management and general $38,864

  • 19 · Conferences, conventions and meetings

    total $238,371 · program services $197,650 · management and general $40,721

  • 22 · Depreciation, depletion and amortization

    total $116,609 · program services $86,426 · management and general $30,183

  • 23 · Insurance

    total $291,551 · program services $216,087 · management and general $75,464

  • 24a · Other expenses: Subscriptions & dues

    total $657,937 · program services $590,516 · management and general $66,064 · fundraising $1,357

  • 24b · Other expenses: Credit losses provision

    total $30,678 · program services $30,678 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $733,816 · end of year $2,107,558

  • 2 · Savings and temporary cash investments

    beginning of year $22,331,034 · end of year $20,622,846

  • 4 · Accounts receivable

    beginning of year $3,489,298 · end of year $2,357,177

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,916,842 · end of year $1,633,164

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

    $583,601

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

    $499,365

  • 10c · Land, buildings and equipment, net

    beginning of year $192,989 · end of year $84,236

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,668,463 · end of year $3,774,241

  • 19 · Deferred revenue

    beginning of year $7,500 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $23,988,016 · end of year $22,743,645

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $287,095

Mission and programs · 2025

Mission

Verra drives transformational action on climate change and sustainable development through high-integrity standards that mobilize finance and deliver real impact.

Activities or mission (Part I)

Verra sets the world's leading standards for climate action and sustainable development.

  • VCS Program: The Verified Carbon Standard (VCS) Program certifies projects that reduce and remove greenhouse gas emissions. Projects undergo a rigorous development and assessment process before applying for registration with the VCS Program. Projects are issued Verified Carbon Units which they can use to finance their activities. Under the VCS Program, Verra also operates the Jurisdictional and Nested REDD+ Framework that enables jurisdictional REDD+ programs and nested projects to account for and verify their forest-related emission reduction activities.Continued in Schedule O

    Expenses $27,934,122 · Revenue $27,551,050

  • CCBS Program: The Climate Community and Biodiversity Standards (CCBS) Program certifies projects that simultaneously address climate change, support local communities and smallholders, and conserve biodiversity. Many land-based projects register in both the CCBS Program and the VCS Program. These projects include reforestation, afforestation, vegetation, forest restoration, agroforestry, and sustainable agriculture projects.

    Expenses $1,217,752 · Revenue $1,198,385

  • Plastics Waste Reduction Standard Program: The Plastic Waste Reduction Standard Program (Plastic Program) enables the consistent accounting, independent auditing and crediting of new or scaled-up waste collection and recycling projects. Projects are issued Plastic Credits which they can use to sustain and/or scale up their operations. The program seeks to catalyze socially-responsible waste recovery and recycling efforts around the world.

    Expenses $189,366 · Revenue $186,354

  • Expenses $119,403 · Revenue $117,504

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marc Stuart

    Chair

    Total calculated
    $0
    Hours/week
    4

  • Andre de Ruyter

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Julie McLaughlin

    Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • Kenneth Markowitz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jim Cannon

    Director

    Total calculated
    $0
    Hours/week
    1

  • Dirk Forrister

    Director

    Total calculated
    $0
    Hours/week
    1

  • Janice Kotut-Sang

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jennifer McFarlane

    Director

    Total calculated
    $0
    Hours/week
    1

  • Anshari Rahman

    Director

    Total calculated
    $0
    Hours/week
    1

  • Juan Felipe Rengifo Borreno

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tsunehiko Yanagihara

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mandy Rambharos

    Chief Executive Officer

    Total calculated
    $409,242
    From this org
    $398,878
    From related orgs
    $0
    Other
    $10,364
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $397,636
    Bonus
    $0
    Other
    $1,242
    Deferred
    $8,000
    Nontaxable benefits
    $2,364
    Filer's total
    $409,242

  • Anil Vinayak

    Chief Financial Officer

    Total calculated
    $369,009
    From this org
    $335,139
    From related orgs
    $0
    Other
    $33,870
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $322,817
    Bonus
    $10,000
    Other
    $2,322
    Deferred
    $31,687
    Nontaxable benefits
    $2,183
    Filer's total
    $369,009

  • Joseph DellOrfano

    Chief Technology Officer

    Total calculated
    $368,739
    From this org
    $328,846
    From related orgs
    $0
    Other
    $39,893
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $316,524
    Bonus
    $10,000
    Other
    $2,322
    Deferred
    $31,417
    Nontaxable benefits
    $8,476
    Filer's total
    $368,739

  • Hillary Navarro

    Chief Comm & Engagement Officer

    Total calculated
    $282,976
    From this org
    $252,149
    From related orgs
    $0
    Other
    $30,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $251,339
    Bonus
    $0
    Other
    $810
    Deferred
    $25,651
    Nontaxable benefits
    $5,176
    Filer's total
    $282,976

  • Justin Wheler

    Chief Program Management Officer

    Total calculated
    $228,973
    From this org
    $210,012
    From related orgs
    $0
    Other
    $18,961
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,012
    Bonus
    $0
    Other
    $0
    Deferred
    $11,113
    Nontaxable benefits
    $7,848
    Filer's total
    $228,973

  • Candace Vinke

    Chief Prog Dev & Innovation Officer

    Total calculated
    $199,776
    From this org
    $182,789
    From related orgs
    $0
    Other
    $16,987
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,789
    Bonus
    $0
    Other
    $0
    Deferred
    $9,139
    Nontaxable benefits
    $7,848
    Filer's total
    $199,776

  • Andrew Howard

    Chief Strategy & Policy Officer

    Total calculated
    $236,010
    From this org
    $236,010
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,010
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $236,010

  • Jerry Seager

    Sr Director, Program Quality

    Total calculated
    $237,495
    From this org
    $214,948
    From related orgs
    $0
    Other
    $22,547
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,998
    Bonus
    $0
    Other
    $1,950
    Deferred
    $21,413
    Nontaxable benefits
    $1,134
    Filer's total
    $237,495

  • Benktesh Sharma

    Sr Director, Technology Solutions

    Total calculated
    $234,655
    From this org
    $211,079
    From related orgs
    $0
    Other
    $23,576
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,404
    Bonus
    $0
    Other
    $675
    Deferred
    $21,271
    Nontaxable benefits
    $2,305
    Filer's total
    $234,655

  • Julianne Baroody

    Sr Director, Certification

    Total calculated
    $223,263
    From this org
    $198,337
    From related orgs
    $0
    Other
    $24,926
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,911
    Bonus
    $0
    Other
    $426
    Deferred
    $20,258
    Nontaxable benefits
    $4,668
    Filer's total
    $223,263

  • Barbara Davis

    Director of Technology Management

    Total calculated
    $213,863
    From this org
    $189,590
    From related orgs
    $0
    Other
    $24,273
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $184,561
    Bonus
    $0
    Other
    $5,029
    Deferred
    $18,985
    Nontaxable benefits
    $5,288
    Filer's total
    $213,863

  • Sinclair Vincent

    Sr Director, Program Development

    Total calculated
    $203,846
    From this org
    $184,212
    From related orgs
    $0
    Other
    $19,634
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,866
    Bonus
    $0
    Other
    $346
    Deferred
    $18,500
    Nontaxable benefits
    $1,134
    Filer's total
    $203,846

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 · Written employment contract
  • 3 · Approval by the board or compensation committee

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Provenance

Return type
form_990
Tax year
2025
Filed
18 June 2026
IRS schema version
2025v4.1
Source object
202641699349300149

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