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Nonprofiteer
← CLIMATE POLICY INITIATIVE INC

Form 990 for tax year 2024

Filed by CLIMATE POLICY INITIATIVE INC.

Totals

Total revenue
$22,537,930
Total expenses
$20,637,486
Contributions and grants received
$19,070,373
Grants paid
$0
Program service revenue
$2,988,637
Investment income
$474,802
Other revenue
$4,118
Total assets, end of year
$41,194,403
Total liabilities, end of year
$6,165,841
Net assets or fund balances, end of year
$35,028,562
Program services expenses (Part IX)
$18,742,910
Management and general expenses
$1,699,821
Fundraising expenses
$194,755
Program service expenses (Part III)
$18,742,910

Program services were 90.8% 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.

  • 1e · Government grants (contributions)

    $9,129,603

  • 1f · All other contributions, gifts and grants

    $9,940,770

  • 2a · Program service revenue: CONTRACT REVENUE

    total $2,988,637 · related or exempt $2,988,637

  • 3 · Investment income

    total $482,299 · excluded $482,299

  • 7a · Gross sales of assets other than inventory

    securities $761,425

  • 7b · Less cost or other basis and sales expenses

    securities $768,922

  • 7c · Gain or loss

    securities -$7,497

  • 7d · Net gain or loss

    total -$7,497 · excluded -$7,497

  • 11a · Other revenue: OTHER INCOME

    total $4,118 · related or exempt $4,118

  • 11e · Other revenue, total

    $4,118

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,791,593 · program services $1,309,401 · management and general $369,936 · fundraising $112,256

  • 7 · Other salaries and wages

    total $7,096,436 · program services $6,538,145 · management and general $547,733 · fundraising $10,558

  • 8 · Pension plan contributions

    total $284,534 · program services $259,606 · management and general $24,537 · fundraising $391

  • 9 · Other employee benefits

    total $985,011 · program services $918,299 · management and general $64,763 · fundraising $1,949

  • 10 · Payroll taxes

    total $682,005 · program services $635,857 · management and general $45,337 · fundraising $811

  • 11b · Fees: legal

    total $30,309 · program services $19,683 · management and general $10,626

  • 11c · Fees: accounting

    total $214,311 · program services $36,000 · management and general $178,311

  • 11f · Fees: investment management

    total $13,763 · management and general $13,763

  • 11g · Fees: other

    total $6,972,058 · program services $6,905,918 · management and general $44,339 · fundraising $21,801

  • 12 · Advertising and promotion

    total $12,977 · program services $3,898 · management and general $9,079

  • 13 · Office expenses

    total $634,565 · program services $545,587 · management and general $77,974 · fundraising $11,004

  • 14 · Information technology

    total $850,115 · program services $697,213 · management and general $146,110 · fundraising $6,792

  • 16 · Occupancy

    total $364,071 · program services $293,119 · management and general $61,880 · fundraising $9,072

  • 17 · Travel

    total $519,452 · program services $467,486 · management and general $32,029 · fundraising $19,937

  • 19 · Conferences, conventions and meetings

    total $114,744 · program services $86,708 · management and general $28,036

  • 22 · Depreciation, depletion and amortization

    total $6,698 · program services $6,698

  • 23 · Insurance

    total $32,478 · management and general $32,478

  • 24a · Other expenses: PRINTING & REPRODUCTION

    total $13,346 · program services $13,162 · fundraising $184

  • 24b · Other expenses: LOSS ON FOREIGN EXCHANG

    total $12,522 · management and general $12,522

  • 24c · Other expenses: PUBLICATIONS & DATA

    total $6,498 · program services $6,130 · management and general $368

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,947,634 · end of year $27,658,511

  • 2 · Savings and temporary cash investments

    beginning of year $8,151,998 · end of year $7,540,145

  • 3 · Pledges and grants receivable

    beginning of year $4,538,478 · end of year $2,521,590

  • 4 · Accounts receivable

    beginning of year $85,090 · end of year $5,625

  • 9 · Prepaid expenses and deferred charges

    beginning of year $157,402 · end of year $131,381

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

    $309,078

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

    $302,954

  • 10c · Land, buildings and equipment, net

    beginning of year $12,821 · end of year $6,124

  • 11 · Investments: publicly traded securities

    beginning of year $2,095,880 · end of year $3,193,019

  • 15 · Other assets

    beginning of year $143,070 · end of year $138,008

  • 17 · Accounts payable and accrued expenses

    beginning of year $593,680 · end of year $1,566,058

  • 19 · Deferred revenue

    beginning of year $89,183 · end of year $4,350,727

  • 25 · Other liabilities

    beginning of year $828,708 · end of year $249,056

  • 27 · Net assets without donor restrictions

    beginning of year $20,700,614 · end of year $23,988,986

  • 28 · Net assets with donor restrictions

    beginning of year $11,920,188 · end of year $11,039,576

Mission and programs · 2024

Mission

OUR MISSION IS TO HELP GOVERNMENTS, BUSINESSES, AND FINANCIAL INSTITUTIONS DRIVE ECONOMIC GROWTH WHILE ADDRESSING CLIMATE CHANGE. OUR VISION IS TO BUILD A SUSTAINABLE, RESILIENT, AND INCLUSIVE GLOBAL ECONOMY.

Activities or mission (Part I)

BUILD A SUSTAINABLE, RESILIENT, AND INCLUSIVE GLOBAL ECONOMY WHILE ADDRESSING CLIMATE CHANGE.

  • CLIMATE FINANCE - KNOWN FOR TRACKING SUSTAINABLE INVESTMENT TRENDS, IDENTIFYING INNOVATIVE BUSINESS MODELS, AND SUPPORTING THE SOLUTIONS THAT CAN DRIVE A TRANSITION TO A LOW CARBON, CLIMATE RESILIENT ECONOMY. CPI CONDUCTS THE MOST COMPREHENSIVE MAPPING OF CLIMATE FINANCE FLOWS AVAILABLE AND CONVENES PUBLIC AND PRIVATE STAKEHOLDERS TO DESIGN AND IMPLEMENT INNOVATIVE FINANCIAL INSTRUMENTS THOUGH THE GLOBAL INNOVATION LAB FOR CLIMATE FINANCE. CPI ALSO WORKS WITH GOVERNMENTS, COMPANIES, INVESTORS, AND FOUNDATIONS AROUND THE WORLD TO ASSESS, TEST, AND REPLICATE THEIR POLICIES, PROGRAMS, AND INVESTMENTS. THE WORK ENSURES THAT RESOURCES ARE SPENT AS EFFECTIVELY AS POSSIBLE. 64 CLIENTS WERE SERVED IN 2024.

    Expenses $15,678,203 · Revenue $2,969,526

  • BRAZIL POLICY CENTER - COMBINES RIGOROUS ECONOMIC, INSTITUTIONAL, AND LEGAL ANALYSIS TO IDENTIFY AREAS FOR IMPROVING PUBLIC POLICIES AND PROVIDES CONCRETE RECOMMENDATIONS ON HOW TO RECONCILE ECONOMIC DEVELOPMENT WITH ENVIRONMENTAL CONSERVATION. CPI WORKS CLOSELY WITH GOVERNMENT AGENCIES AND CIVIL SOCIETY TO CHART PATHS FOR IMPROVEMENT. CPI'S BRAZIL POLICY CENTER FOCUSES ON STRATEGIC AREAS, INCLUDING CLIMATE LAW AND GOVERNANCE, CONSERVATION, ENERGY, FINANCIAL INSTRUMENTS, INFRASTRUCTURE, AND SUSTAINABLE AGRICULTURE AND IS BASED OUT THE PONTIFICAL CATHOLIC UNIVERSITY OF RIO DE JANEIRO (PUC-RIO). 11 CLIENTS WERE SERVED IN 2024.

    Expenses $3,064,707 · Revenue $23,229

As filed on the 2024 return.

Listed in Part VII

  • Thomas C Heller

    BOARD CHAIR

    Total calculated
    $22,500
    From this org
    $22,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    5
  • Dr Karsten Sach

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Howard Bamsey

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Joaquin Levy

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Stacy Swann

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Rachel Kyte

    BOARD DIRECTOR (THRU 10/20/24)

    Total calculated
    $0
    Hours/week
    1
  • Stewart J Paperin

    BOARD DIRECTOR (THRU 3/20/24)

    Total calculated
    $0
    Hours/week
    1
  • Barbara Buchner

    GMD & ED, CLIMATE FINANCE

    Total calculated
    $409,410
    From this org
    $369,792
    From related orgs
    $0
    Other
    $39,618
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $369,792
    Bonus
    $0
    Other
    $0
    Deferred
    $20,700
    Nontaxable benefits
    $18,918
    Filer's total
    $409,410
  • Juliano Assuncao

    ED, BRAZIL POLICY CENTER

    Total calculated
    $358,935
    From this org
    $358,935
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,935
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $358,935
  • Danielle Knight

    CHIEF FINANCIAL OFFICER

    Total calculated
    $224,176
    From this org
    $202,555
    From related orgs
    $0
    Other
    $21,621
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $202,555
    Bonus
    $0
    Other
    $0
    Deferred
    $13,022
    Nontaxable benefits
    $8,599
    Filer's total
    $224,176
  • Sofia Chancey

    DIRECTOR OF OPERATIONS

    Total calculated
    $190,067
    From this org
    $154,788
    From related orgs
    $0
    Other
    $35,279
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,788
    Bonus
    $0
    Other
    $0
    Deferred
    $9,482
    Nontaxable benefits
    $25,797
    Filer's total
    $190,067
  • Bella Tonkonogy

    PROGRAM DIR., CLIMATE FINANCE

    Total calculated
    $227,271
    From this org
    $185,253
    From related orgs
    $0
    Other
    $42,018
    Hours/week
    40 + 2 related

    Schedule J breakdown matched by us

    Base
    $185,253
    Bonus
    $0
    Other
    $0
    Deferred
    $12,397
    Nontaxable benefits
    $29,621
    Filer's total
    $227,271
  • Robert Kahn

    HEAD OF COMMUNICATIONS

    Total calculated
    $170,993
    From this org
    $145,506
    From related orgs
    $0
    Other
    $25,487
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,506
    Bonus
    $0
    Other
    $0
    Deferred
    $6,569
    Nontaxable benefits
    $18,918
    Filer's total
    $170,993
  • Benjamin Broche

    ASSOC. PROGRAM DIR., CLIMATE FINANCE

    Total calculated
    $197,165
    From this org
    $160,359
    From related orgs
    $0
    Other
    $36,806
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,359
    Bonus
    $0
    Other
    $0
    Deferred
    $11,009
    Nontaxable benefits
    $25,797
    Filer's total
    $197,165
  • Valerio Micale

    MANAGER UK

    Total calculated
    $160,553
    From this org
    $149,773
    From related orgs
    $0
    Other
    $10,780
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,773
    Bonus
    $0
    Other
    $0
    Deferred
    $7,512
    Nontaxable benefits
    $3,268
    Filer's total
    $160,553
  • Dharshan Wignarajah

    DIRECTOR UK

    Total calculated
    $187,627
    From this org
    $174,458
    From related orgs
    $0
    Other
    $13,169
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $174,458
    Bonus
    $0
    Other
    $0
    Deferred
    $8,481
    Nontaxable benefits
    $4,688
    Filer's total
    $187,627

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 · Compensation survey or study
  • 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.

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.

  • CLIMATE POLICY FOUNDATION

    RESEARCH · IN · controlled entity

    Directly controlled by CLIMATE POLICY INITIATIVE INC

  • CENDEKIA PERUBAHAN IKLIM INDONESIA FOUNDATION

    RESEARCH · ID · controlled entity

    Directly controlled by CLIMATE POLICY INITIATIVE INC

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.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CLIMATE POLICY INITIATIVE INDIA PRIVATE LIMITED

    C · RESEARCH · IN · 99.9% owned · share of income $2,419,677 · share of assets $1,220,057 · controlled entity

    Directly controlled by CLIMATE POLICY INITIATIVE INC

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202533189349302198

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