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← CLIMATE IMPERATIVE FOUNDATION

Form 990 for tax year 2023

Filed by CLIMATE IMPERATIVE FOUNDATION.

Totals

Total revenue
$206,658,028
Total expenses
$271,024,025
Contributions and grants received
$204,019,896
Grants paid
$247,103,213
Program service revenue
$0
Investment income
$2,638,132
Other revenue
$0
Total assets, end of year
$188,704,736
Total liabilities, end of year
$12,828,488
Net assets or fund balances, end of year
$175,876,248
Program services expenses (Part IX)
$250,605,125
Management and general expenses
$20,418,900
Fundraising expenses
$0
Program service expenses (Part III)
$250,605,125

Program services were 92.5% 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

    $204,019,896

  • 1g · Noncash contributions included above

    $35,853,896

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,621,889 · excluded $2,621,889

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $16,243

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

    securities $0

  • 7c · Gain or loss

    securities $16,243 · other assets $0

  • 7d · Net gain or loss

    total $16,243 · excluded $16,243

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $176,962,113 · program services $176,962,113

  • 3 · Grants to foreign organizations and individuals

    total $70,141,100 · program services $70,141,100

  • 11a · Fees: management

    total $17,591,088 · management and general $17,591,088

  • 11b · Fees: legal

    total $828,705 · program services $128,000 · management and general $700,705

  • 11c · Fees: accounting

    total $35,070 · management and general $35,070

  • 11g · Fees: other

    total $5,395,912 · program services $3,373,912 · management and general $2,022,000 · fundraising $0

  • 13 · Office expenses

    total $41,643 · management and general $41,643

  • 17 · Travel

    total $7,765 · management and general $7,765

  • 19 · Conferences, conventions and meetings

    total $5,000 · management and general $5,000

  • 20 · Interest

    total $7,568 · management and general $7,568

  • 23 · Insurance

    total $6,387 · management and general $6,387

  • 24a · Other expenses: Taxes and Licenses

    total $1,674 · management and general $1,674

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $24,782,991 · end of year $106,810

  • 2 · Savings and temporary cash investments

    beginning of year $105,856,964 · end of year $87,835,561

  • 3 · Pledges and grants receivable

    beginning of year $120,000,000 · end of year $100,762,365

  • 4 · Accounts receivable

    beginning of year $0

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,761,858 · end of year $1,205,488

  • 18 · Grants payable

    beginning of year $7,030,321 · end of year $11,623,000

  • 19 · Deferred revenue

    beginning of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $114,977,790 · end of year $68,605,345

  • 28 · Net assets with donor restrictions

    beginning of year $124,869,986 · end of year $107,270,903

Mission and programs · 2023

Mission

Climate Imperative Foundation's mission is to employ science and economics to cut global carbon emissions and to secure a better future for all.

Activities or mission (Part I)

To cut global carbon emissions at speed and scale, and secure a better future for all.

  • In 2023, Climate Imperative Foundation granted to organizations and institutions that, through research, education, analysis, and outreach, advanced low-carbon policies in the U.S. and other countries. Accomplishments included (but were not limited to) educating government officials about policy options to promote low-carbon development; informing the adoption of clean vehicle standards, clean power standards, and economy-wide carbon reduction goals; development of new low-carbon policy ideas customized for local contexts; and educating the public, stakeholders, and officials about the benefits of a transition to clean energy.

    Expenses $250,605,125 · Grants $247,103,213

As filed on the 2023 return.

Listed in Part VII

  • John Doerr

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Anita Bekenstein

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Pavlov

    Director

    Total calculated
    $0
    Hours/week
    1

  • Greg Nelson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Laurene Powell Jobs

    Director thru 02/23

    Total calculated
    $0
    Hours/week
    1

  • Sanjeev Krishnan

    Director

    Total calculated
    $0
    Hours/week
    1

  • Christina Fernandes

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    18

  • Hal Harvey

    President

    Total calculated
    $0
    Hours/week
    36

  • Sonia Aggarwal

    Vice President As of 03/09/23

    Total calculated
    $0
    Hours/week
    17

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.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202443189349309969

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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