EIN 85-4211960

Climate Vault

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2020
Most recent tax filings
2022-11-01
Description
Climate Vault aims to lower the concentration of greenhouse gases in the atmosphere and slow or even reverse the effects of climate change. To achieve this goal, it reduces the number of carbon allowances available for CO2 emitters, ultimately reducing the amount of CO2 being emitted in the atmosphere. The program involves purchasing offset allowances as program-related investments, which will reduce future emissions.
Also known as...
Carbon Vault
Total revenues
$5,293,047
2022
Total expenses
$3,914,428
2022
Total assets
$9,733,950
2022
Num. employees
0
2022

Program areas at Climate Vault

Reduce # of carbon allowances available for co2 emitters in order to ultimately reduce the co2 being emitted in the atmosphere.the program involves the purchase of offset allowances, which are capitalized as program related investments, which reduces future carbon dioxide emissions by "vaulting" them. This prevents carbon-emitting-companies from purchasing those same allowances and capping future carbon dioxide emissions. The intention to monetize some of the carbon dioxide allowances in its Vault to award grants to promising, cutting-edge research and technology aimed at making carbon dioxide removal more effective.

Who funds Climate Vault

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$300,000
Vanguard Charitable Endowment ProgramFor Recipient's Exempt Purpose$15,000

Personnel at Climate Vault

NameTitleCompensation
Jason M GrantChief Operating Officer$317,425
Balaji SrinivasanCo - Founder
Hillary LovricVice President of Marketing
Curt AnderssonManaging Director, Flynn
Chris NeufeldHead of Development$227,400
...and 14 more key personnel

Financials for Climate Vault

RevenuesFYE 11/2022
Total grants, contributions, etc.$5,293,047
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$5,293,047

Form 990s for Climate Vault

Fiscal year endingDate received by IRSFormPDF link
2022-112023-10-16990View PDF
2021-112022-10-14990View PDF

Organizations like Climate Vault

OrganizationLocationRevenue
Watttime CorporationOakland, CA$13,336,081
The Water Research Foundation (WRF)Denver, CO$24,487,541
Carbonfundorg FoundationEast Aurora, NY$8,709,351
Center for Coastal StudiesProvincetown, MA$6,311,067
Clear Lake Environmental Research CenterLakeport, CA$1,651,083
Property and Environment Research Center (PERC)Bozeman, MT$5,005,952
Environmental Research CenterSan Diego, CA$2,712,741
Chesapeake Research ConsortiumEdgewater, MD$2,081,215
The Climate RegistryLos Angeles, CA$2,033,571
Delaware Bay and River Cooperative (DBRC)Lewes, DE$3,076,512
Data update history
December 1, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 26, 2023
Used new vendors
Identified 1 new vendor, including
August 30, 2023
Updated personnel
Identified 21 new personnel
July 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 4, 2023
Updated personnel
Identified 4 new personnel
Nonprofit Types
Research centersEnvironmental organizationsCharities
Issues
Science and technologyPollutionEnvironment
Characteristics
Conducts researchOperates internationallyTax deductible donationsNo full-time employees
General information
Address
5757 S University Ave
Chicago, IL 60637
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
Website URL
climatevault.org/ 
Phone
(844) 828-5848
IRS details
EIN
85-4211960
Fiscal year end
November
Taxreturn type
Form 990
Year formed
2020
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
C20: Pollution Abatement and Control Services
NAICS code, primary
5417: Scientific Research and Development Services
Parent/child status
Independent
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