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Nonprofiteer
← CALVERT IMPACT INC

Form 990 for tax year 2022

Filed by CALVERT IMPACT INC.

Totals

Total revenue
$5,000,000
Total expenses
$0
Contributions and grants received
$5,000,000
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,000,000
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$5,000,000
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

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.

  • 1d · Related organizations

    $5,000,000

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    end of year $5,000,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $5,000,000

Mission and programs · 2022

Mission

CALVERT IMPACT CLIMATE, INC ISSUES CUT CARBON NOTES TO PROVIDE A SECURED, INVESTMENT-GRADE RATED, FIXED-INCOME PRODUCT THAT FINANCES SUSTAINABILITY UPGRADES FOR COMMERCIAL BUILDINGS, WITH THE OBJECTIVE OF REDUCING CARBON EMISSIONS.

  • 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.

As filed on the 2022 return.

Listed in Part VII

  • Jennifer Pryce

    PRESIDENT & CEO

    Total calculated
    $539,109
    From this org
    $0
    From related orgs
    $505,167
    Other
    $33,942
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $395,167 related
    Bonus
    $0 + $110,000 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $9,542 related
    Filer's total
    $0 + $539,109 related

  • Derek Strocher

    CHIEF FINANCIAL OFFICER

    Total calculated
    $450,723
    From this org
    $0
    From related orgs
    $417,578
    Other
    $33,145
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $337,578 related
    Bonus
    $0 + $80,000 related
    Other
    $0
    Deferred
    $0 + $24,400 related
    Nontaxable benefits
    $0 + $8,745 related
    Filer's total
    $0 + $450,723 related

  • Bart Harvey

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Emmeline Liu

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

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

None.

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.

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • EQUITY FOR IMPACT LP

    INVESTMENT MANAGERMENT · MD

  • FPIF FEEDER FACILITY LP

    INVESTMENT MANAGERMENT · MD

  • IMPACTASSETS FUNDED GUARANTEE

    INVESTMENT MANAGERMENT · MD

Provenance

Return type
form_990
Tax year
2022
Filed
9 November 2023
IRS schema version
2022v5.0
Source object
202343189349300939

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