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Nonprofiteer
← CDP NORTH AMERICA INC

Form 990 for tax year 2023

Filed by CDP NORTH AMERICA INC.

Totals

Total revenue
$38,391,672
Total expenses
$47,785,556
Contributions and grants received
$17,468,613
Grants paid
$24,104,860
Program service revenue
$20,544,384
Investment income
$378,675
Other revenue
$0
Total assets, end of year
$33,766,663
Total liabilities, end of year
$17,274,111
Net assets or fund balances, end of year
$16,492,552
Program services expenses (Part IX)
$42,573,100
Management and general expenses
$4,275,346
Fundraising expenses
$937,110
Program service expenses (Part III)
$42,573,100

Program services were 89.1% 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

    $17,468,613

  • 1g · Noncash contributions included above

    $4,161,487

  • 2a · Program service revenue: GLOBAL PROGRAM

    total $10,931,654 · related or exempt $10,931,654

  • 2b · Program service revenue: MEMBERSHIP PROGRAM SERVICE FEES

    total $8,077,972 · related or exempt $8,077,972

  • 2c · Program service revenue: PARTNERSHIPS AND EVENTS

    total $1,534,758 · related or exempt $1,534,758

  • 3 · Investment income

    total $378,675 · excluded $378,675

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,781,933 · program services $1,781,933

  • 3 · Grants to foreign organizations and individuals

    total $22,322,927 · program services $22,322,927

  • 5 · Compensation of officers, directors and key employees

    total $935,862 · program services $354,419 · management and general $277,497 · fundraising $303,946

  • 7 · Other salaries and wages

    total $8,502,709 · program services $6,214,735 · management and general $1,892,634 · fundraising $395,340

  • 8 · Pension plan contributions

    total $744,377 · program services $543,398 · management and general $165,792 · fundraising $35,187

  • 9 · Other employee benefits

    total $953,061 · program services $717,754 · management and general $210,819 · fundraising $24,488

  • 10 · Payroll taxes

    total $763,164 · program services $536,620 · management and general $174,531 · fundraising $52,013

  • 11b · Fees: legal

    total $233,593 · management and general $233,593

  • 11c · Fees: accounting

    total $65,562 · management and general $65,562

  • 11g · Fees: other

    total $467,475 · program services $264,742 · management and general $182,444 · fundraising $20,289

  • 12 · Advertising and promotion

    total $16,843 · program services $2,498 · management and general $14,345

  • 13 · Office expenses

    total $1,216,811 · program services $1,153,683 · management and general $49,918 · fundraising $13,210

  • 14 · Information technology

    total $238,223 · program services $6,817 · management and general $231,406

  • 15 · Royalties

    total $8,068,915 · program services $8,068,915

  • 16 · Occupancy

    total $440,442 · program services $343,840 · management and general $26,650 · fundraising $69,952

  • 17 · Travel

    total $242,825 · program services $139,342 · management and general $96,242 · fundraising $7,241

  • 22 · Depreciation, depletion and amortization

    total $31,361 · program services $24,483 · management and general $1,897 · fundraising $4,981

  • 23 · Insurance

    total $48,242 · management and general $48,242

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $416,920 · management and general $416,920

  • 24b · Other expenses: ENVIRONMENTAL REPORT

    total $204,901 · program services $30,389 · management and general $174,512

  • 24c · Other expenses: REPAIR AND MAINTENANCE

    total $48,185 · program services $37,617 · management and general $2,915 · fundraising $7,653

  • 24d · Other expenses: STAFF DEVELOPMENT

    total $27,008 · program services $18,991 · management and general $6,176 · fundraising $1,841

  • 24e · All other expenses

    total $14,217 · program services $9,997 · management and general $3,251 · fundraising $969

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,469,571 · end of year $13,125,858

  • 2 · Savings and temporary cash investments

    beginning of year $13,769,614 · end of year $12,419,638

  • 3 · Pledges and grants receivable

    beginning of year $8,919,647 · end of year $1,593,302

  • 4 · Accounts receivable

    beginning of year $7,613,637 · end of year $5,446,434

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,640 · end of year $10,954

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

    $441,394

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

    $398,449

  • 10c · Land, buildings and equipment, net

    beginning of year $74,306 · end of year $42,945

  • 15 · Other assets

    beginning of year $1,488,296 · end of year $1,127,532

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,850,396 · end of year $2,845,567

  • 18 · Grants payable

    beginning of year $2,238,453 · end of year $5,533,584

  • 19 · Deferred revenue

    beginning of year $6,737,624 · end of year $7,829,168

  • 25 · Other liabilities

    beginning of year $2,653,802 · end of year $1,065,792

  • 27 · Net assets without donor restrictions

    beginning of year $5,574,831 · end of year $8,694,432

  • 28 · Net assets with donor restrictions

    beginning of year $20,311,605 · end of year $7,798,120

Mission and programs · 2023

Mission

CDP NORTH AMERICA, INC. 'S ("CDP-NA") VISION FOR THE FUTURE IS A THRIVING ECONOMY THAT WORKS FOR PEOPLE AND PLANET IN THE LONG TERM. WE FOCUS INVESTORS, COMPANIES AND GOVERNMENTS ON TAKING URGENT ACTION TO BUILD A TRULY SUSTAINABLE ECONOMY BY MEASURING AND UNDERSTANDING THEIR ENVIRONMENTAL IMPACT. TO THAT END, CDP PIONEERED THE ONLY GLOBAL SYSTEM FOR COMPANIES AND GOVERNMENTS TO DISCLOSE AND MANAGE THEIR ENVIRONMENTAL PERFORMANCE. CDP-NA IS PART OF THE NOT-FOR-PROFIT CHARITY NETWORK CDP WORLDWIDE WHICH TRACKS HOW COMPANIES AND CITIES MEASURE, DISCLOSE, MANAGE AND ACT UPON VITAL ENVIRONMENTAL INFORMATION.

Activities or mission (Part I)

TO PREVENT DANGEROUS CLIMATE CHANGE, PROTECT RESOURCES, AND CREATE A SUSTAINABLE GLOBAL ECONOMY.

  • DISCLOSURE & GLOBAL INITIATIVES:CDP HAS 700+ SIGNATORY INVESTORS GLOBALLY WITH USD $142 TRILLION IN ASSETS. OF THIS NORTH AMERICA ACCOUNTS FOR 203 SIGNATORIES. HIGHLIGHTS FOR HOW NORTH AMERICAN INVESTORS USED CDP DATA OVER THE YEAR INCLUDE: BLOOMBERG INTEGRATES CDP CLIMATE CHANGE, DEFORESTATION, AND WATER SECURITY DATA, CDP SCORES DATA, AND MODELLED EMISSIONS DATA INTO THE BLOOMBERG TERMINAL; INVESCO INDEXING IS USING CDP CLIMATE DATA TO CREATE TRADEABLE INDICES AND INVESTMENT PRODUCTS FOR CLIENTS; MSCI USES CDP DATA TO BUILD INDEX PRODUCTS AS WELL AS PROVIDING OTHER IN-DEPTH ESG SERVICES TO THEIR CLIENTS; ISS USES CDP DATA IN ENVIRONMENTAL & SOCIAL DISCLOSURE QUALITY SCORE, ESG CORPORATE RATING AND CARBON AND CLIMATE FOOTPRINT DATA; S&P GLOBAL IS USING CDP CLIMATE, WATER SECURITY AND DEFORESTATION DATA TO INFORM THEIR RESEARCH AND SERVICE OFFERINGS TO CAPITAL MARKETS AND CORPORATIONS; AND CDP HAS ALSO ESTABLISHED SYMBIOTIC PARTNERSHIP AGREEMENTS WITH THREE ENVIRONMENTAL NGO'S (SHARE, ICCR, EMIA), WHERE CDP DATA IS USED TO DRIVE CORPORATE ENGAGEMENTS.

    Expenses $29,268,946 · Grants $20,956,464 · Revenue $10,931,654

  • MEMBERSHIP PROGRAMS:OUR MEMBERSHIP OFFERINGS INCLUDING CAPITAL MARKETS, CDP REPORTER SERVICES AND CDP SUPPLY CHAIN, PROVIDE ENHANCED SUPPORT TO ACCELERATE MEMBERS' ENVIRONMENTAL ACTION.CDP PROVIDES AN UNPARALLELED SET OF ENVIRONMENTAL DATA AND AWARD-WINNING INSIGHTS TO INVESTOR MEMBERS TO ARM THEM WITH THE INFORMATION THEY NEED TO PROTECT THEIR INVESTMENTS FROM RISKY CLIMATE CHANGE AND NATURE IMPACTS.CDP REPORTER SERVICES INCLUDES 138 MEMBERSHIPS, WHICH BENEFIT FROM STRATEGIC ACCOUNT MANAGEMENT AND ENHANCED DATA ACCESS THAT SUPPORT IMPROVEMENT IN THE QUALITY OF THEIR DISCLOSURE.THROUGH CDP SUPPLY CHAIN, 105 NORTH AMERICAN COMPANIES COLLECTED DATA FROM MORE THAN 30,000 GLOBAL SUPPLIERS IN 2023 MANY OF WHICH WOULD NOT OTHERWISE DISCLOSE THEIR ENVIRONMENTAL IMPACT.

    Expenses $12,832,732 · Grants $3,012,242 · Revenue $8,077,972

  • PARTNERSHIPS AND EVENTS:CDP PARTNERSHIPS FOCUS ON BUILDING A STRONG NETWORK OF EXTERNAL STAKEHOLDERS TO DRIVE REAL EMISSIONS REDUCTIONS BY SUPPORTING RESPONDING ENTITIES WITH DATA COLLECTION, SUSTAINABILITY STRATEGY RECOMMENDATIONS, AND MUCH MORE. CDP'S PARTNERS RANGE FROM ACCREDITED SERVICE PROVIDERS TO LARGE COMPANIES THAT ARE INTEGRATING CLIMATE STRATEGY INTO THEIR CORE BUSINESS. CDP-NA ORGANIZES ANNUAL EVENTS WHICH SERVE AS OPPORTUNITIES TO CONVENE EXPERTS AND PRACTITIONERS TO DISCUSS ADVANCES IN SUSTAINABILITY PRACTICES. THE EVENTS HAVE BEEN HELD AT LOCATIONS RANGING FROM GOOGLE'S CAMPUS TO COLUMBIA UNIVERSITY.

    Expenses $471,422 · Grants $136,154 · Revenue $1,534,758

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Wolfson

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    4

  • Joyce Haboucha

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dorota Laughlin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Lubin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lori Llewellyn

    MANAGING DIRECTOR

    Total calculated
    $288,325
    From this org
    $237,958
    From related orgs
    $0
    Other
    $50,367
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $221,988
    Bonus
    $12,825
    Other
    $3,145
    Deferred
    $20,295
    Nontaxable benefits
    $30,072
    Filer's total
    $288,325

  • Daniel Goldsmith

    EXECUTIVE DIRECTOR AS OF FEB 2024

    Total calculated
    $0
    Hours/week
    40

  • Devin Dai

    HEAD OF FINANCE

    Total calculated
    $145,058
    From this org
    $121,255
    From related orgs
    $0
    Other
    $23,803
    Hours/week
    40

  • Jonathan Labozzetta

    HEAD OF DEVELOPMENT

    Total calculated
    $252,146
    From this org
    $189,976
    From related orgs
    $0
    Other
    $62,170
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,946
    Bonus
    $10,451
    Other
    $579
    Deferred
    $15,359
    Nontaxable benefits
    $46,811
    Filer's total
    $252,146

  • Simon Fischweicher

    HEAD OF CORPORATES AND SUPPLY CHAIN

    Total calculated
    $229,743
    From this org
    $188,663
    From related orgs
    $0
    Other
    $41,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,688
    Bonus
    $9,675
    Other
    $300
    Deferred
    $14,940
    Nontaxable benefits
    $26,140
    Filer's total
    $229,743

  • Katherine Walsh

    HEAD OF CITIES, STATES, & REGIONS

    Total calculated
    $204,031
    From this org
    $160,990
    From related orgs
    $0
    Other
    $43,041
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $152,125
    Bonus
    $8,550
    Other
    $315
    Deferred
    $12,216
    Nontaxable benefits
    $30,825
    Filer's total
    $204,031

  • George M Hodge

    GLOBAL HEAD OF SALES & BUSINESS DEVELOPMENT

    Total calculated
    $141,382
    From this org
    $124,447
    From related orgs
    $0
    Other
    $16,935
    Hours/week
    40

  • Andrea Tenorio

    DIRECTOR OF FINANCIAL OPERATIONS

    Total calculated
    $148,036
    From this org
    $120,132
    From related orgs
    $0
    Other
    $27,904
    Hours/week
    40

  • Elizabeth H Posner

    HEAD OF EDITORIAL

    Total calculated
    $140,392
    From this org
    $117,571
    From related orgs
    $0
    Other
    $22,821
    Hours/week
    40

  • Elizabeth Small

    GENERAL COUNSEL UNTIL JUL 2023

    Total calculated
    $142,651
    From this org
    $112,829
    From related orgs
    $0
    Other
    $29,822
    Hours/week
    40

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 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
INDIVIDUALS REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II RECEIVED BOARD APPROVED-DISCRETIONARY BONUSES IN 2023.

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

  • WE MEAN BUSINESS COALITION INC

    $1,344,498

    FULFILLMENT OF GRANT DELIVERABLES TO PROMOTE SBTI STRATEGY AND PROPOSED COLLABORATION TO SCALE UP CLIMATE ACTION WITHIN THE CORPORATE SECTOR.

  • WORLD RESOURCES INSTITUTE

    $403,635

    FULFILLMENT OF GRANT DELIVERABLES TO SCALE UP CLIMATE ACTION WITHIN THE CORPORATE SECTOR.

  • MISSION POSSIBLE PARTNERSHIP USA INC

    $33,800

    FULFILLMENT OF GRANT DELIVERABLES TO PROMOTE ENERGY TRANSITION COMMISSION PARTNERSHIP ON DEVELOPING A TARGET-SETTING METHODOLOGY FOR THE IRON AND STEEL SECTOR.

Provenance

Return type
form_990
Tax year
2023
Filed
3 December 2024
IRS schema version
2023v5.1
Source object
202403389349301010

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