EIN 85-4211960

Climate Vault

IRS 501(c) type
501(c)(3)
Num. employees
21
Year formed
2020
Most recent tax filings
2023-11-01
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
$6,037,896
2023
Total expenses
$3,281,999
2023
Total assets
$14,423,088
2023
Num. employees
21
2023

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
Tides FoundationSustainable Environment$64,055
Vassar CollegeGrant To Support Organization's Mission$49,129
The Michael and Karen Stone Family FoundationGeneral & Unrestricted$10,000
...and 2 more grants received

Personnel at Climate Vault

NameTitleCompensation
Jason M GrantChief Operating Officer$87,000
Balaji SrinivasanCo - Founder
Hillary LovricVice President of Marketing
Curt AnderssonManaging Director, Flynn
Erin TrappExecutive Director$22,564
...and 16 more key personnel

Financials for Climate Vault

RevenuesFYE 11/2023
Total grants, contributions, etc.$5,882,478
Program services$0
Investment income and dividends$23
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$155,395
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$6,037,896

Form 990s for Climate Vault

Fiscal year endingDate received by IRSFormPDF link
2023-112024-10-14990View PDF
2022-112023-10-16990View PDF
2021-112022-10-14990View PDF

Organizations like Climate Vault

OrganizationLocationRevenue
The Water Research Foundation (WRF)Denver, CO$23,363,893
Property and Environment Research Center (PERC)Bozeman, MT$5,931,884
Environment NextEast Aurora, NY$5,482,060
Watttime CorporationOakland, CA$12,087,174
Center for Coastal StudiesProvincetown, MA$6,754,681
Chesapeake Research ConsortiumEdgewater, MD$2,355,292
The Climate RegistryLos Angeles, CA$2,033,571
Low Impact Development CenterBeltsville, MD$2,031,049
Clear Lake Environmental Research CenterLakeport, CA$2,966,712
Building TransparencySeattle, WA$1,719,520
Data update history
July 23, 2024
Received grants
Identified 3 new grant, including a grant for $49,129 from Vassar College
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
Nonprofit Types
Research centersEnvironmental organizationsCharities
Issues
Science and technologyPollutionEnvironment
Characteristics
Conducts researchOperates internationallyNational levelTax deductible donationsAccepts online donations
General information
Address
5757 S University Ave
Chicago, IL 60637
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Website URL
climatevault.com/ 
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
California AB-488 details
AB 488 status
May Operate or Solicit for Charitable Purposes
Charity Registration status
Current
FTB status revoked
Not revoked
AG Registration Number
CT0287630
FTB Entity ID
None yet
AB 488 data last updated ("as-of") date
2024-11-20
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