2024-05-15T18:02:07-05:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 911829325 OREGON CLIMATE TRUST OREG 5032381915 80 SE MADISON STREET 216 PORTLAND OR 97214 JULIUS PASAY EXECUTIVE DIRECTOR 5032381915 2024-05-12 1 JULIUS PASAY 999009999 1 WENDY CAMPOS P00448102 5032421447 2024-05-01 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z X JULIUS PASAY 80 SE MADISON STREET 216 PORTLAND OR 97214 12365837 0 X WWW.CLIMATETRUST.ORG X 1997 OR THE CLIMATE TRUST PIONEERS ACCESSIBLE CARBON MARKET SOLUTIONS THAT BENEFIT OUR CLIMATE THROUGH GOOD LAND STEWARDSHIP. 9 9 12 10 0 0 22481 8592 9307444 9091716 186094 53756 0 0 9516019 9154064 0 0 0 0 1202891 1582679 0 0 0 5036242 4984574 6239133 6567253 3276886 2586811 25728774 29327897 8263416 7873735 17465358 21454162 X THE CLIMATE TRUST PIONEERS ACCESSIBLE CARBON MARKET SOLUTIONS THAT BENEFIT OUR CLIMATE THROUGH GOOD LAND STEWARDSHIP. 0 0 5639410 9091716 THE CARBON OFFSET PROGRAM RECEIVES FUNDS FROM THE MANAGEMENT OF PROGRAMS AND THE SALE OF VOLUNTARY AND COMPLIANCE OFFSETS TO THIRD-PARTY BUYERS. IMPLEMENTS, FINANCES, MONITORS AND ADMINISTERS CONTRACTS WITH THIRD PARTIES FROM PROJECT ACTIONS THAT PRODUCE MEASURABLE AND VERIFIABLE GREENHOUSE GAS REDUCTIONS "CARBON OFFSETS". CARBON OFFSET CONTRACTS ARE AWARDED TO OTHER ENTITIES IN ACCORDANCE WITH THE ORGANIZATION'S MISSION.THE ORGANIZATION'S TRACK RECORD IS BASED ON OVER TWO DECADES OF EXPERIENCE MANAGING CARBON OFFSET PROJECTS. THE ORGANIZATION INVESTS AND ENGAGES IN THE EARLY STAGES OF PROJECT DEVELOPMENT, WHEN OWNERS ARE SEEKING TO REDUCE RISK AND NEED OPERATIONAL EXPERTISE TO ENSURE THEIR CARBON PROJECTS ARE SUCCESSFUL. THE ORGANIZATION'S CARBON OFFSET PROJECT DEVELOPMENT EXPERTISE AND SUPPORT FOR CLIMATE MITIGATION POLICIES HAS ENCOURAGED MISSION-ALIGNED PARTNERS TO ENTER THE CARBON MARKETS. 5639410 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 9 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA OR X X THE ORGANIZATION 5032381915 80 SE MADISON STREET 216 PORTLAND OR 97214 DAVID VAN'T HOF BOARD CHAIR 1.00 X X 0 0 0 AMRITA VATSAL VICE CHAIR 1.00 X X 0 0 0 MORGAN RIDER SECRETARY 1.00 X X 0 0 0 BRAD HUNTER TREASURER 1.00 X X 0 0 0 RYAN MCGRAW DIRECTOR 1.00 X 0 0 0 ODIN KNUDSEN DIRECTOR 1.00 X 0 0 0 KELLEY BEAMER DIRECTOR 1.00 X 0 0 0 ALEXIS NELSON DIRECTOR 1.00 X 0 0 0 DAVID YEH DIRECTOR 1.00 X 0 0 0 JULIUS PASAY EXECUTIVE DIRECTOR 40.00 X 242952 0 14626 KAREN WARD CHIEF FINANCIAL OFFICER 40.00 X 213882 0 14652 KYLER SHERRY CHIEF OPERATING OFFICER 40.00 X 158760 0 11370 MADELINE MONTAGUE FOREST CARBON MANAGER 40.00 X 104593 0 10043 720187 0 50691 4 0 1 0 ANEW CARBON DEV LLC 2825 E COTTONWOOD PKWY 400 COTTONWOOD HEIGHTS UT 84121 OFFSET PURCHASES 3367177 CLEVELAND METROPARK 4101 FULTON PARKWAY CLEVELAND OH 44144 REVENUE SHARE 1967429 WESTERN RIVERS CONSERVANCY 71 SW OAK ST SUITE 100 PORTLAND OR 97204 OFFSET PURCHASES 561600 HILLSBOROUGH COUNTY 601 E KENNEDY BLVD PO BOX 1110 TAMPA FL 336011110 OFFSET PURCHASES 516978 ABEC #4 LLC DBA CE&S 500 NORTH AKARD STREET SUITE 1500 DALLAS TX 75201 REVENUE SHARE 399626 10 8592 8592 OFFSET PROJECT REVENUE 900099 7170713 7170713 PILOT PROJECT REVENUE 900099 1060970 1060970 OFFSET FEE REVENUE 900099 708790 708790 CLIMATE CONSULTING 900099 151243 151243 9091716 384536 384536 2880993 3211773 -330780 -330780 -330780 9154064 9091716 0 53756 656241 469611 186630 584869 418537 166332 43207 30919 12288 203711 145777 57934 94651 67733 26918 132829 132829 134096 134096 52042 52042 286387 125674 160713 98535 88925 9610 27155 19432 7723 57146 41321 15825 122379 86152 36227 23531 11452 12079 4214 4214 49426 49426 OFFSET CONTRACTS 3996834 3996834 6567253 5639410 927843 0 1415493 1036632 1383729 3994713 202475 842927 4408479 4912324 801348 671999 10839891 10749579 5924258 5981642 753101 1138081 25728774 29327897 1071138 1434313 6814515 5680247 327402 755000 50361 4175 8263416 7873735 X 17465358 21454162 17465358 21454162 25728774 29327897 X 2586811 1203268 198725 X 0 1 X 1 0 X 41459 157904 24392 22481 8592 254828 9269991 9026402 13942433 9307444 9091716 50637986 9311450 9184306 13966825 9329925 9100308 50892814 0 300973 481844 782817 300973 481844 782817 50109997 516902 424442 404194 323959 384536 2054033 516902 424442 404194 323959 384536 2054033 9828352 9608748 14371019 9653884 9484844 52946847 0.94640 0.95450 0.03880 0.04550 X 0 0 6567253 6567253 478363 119591 0 0 510627 618496 461957 478363 2069443 3104165 127657 154624 115489 119591 517361 776042 0 INVESTMENTS IN PILOT PROJECTS 5981642 F 5981642 RIGHT OF USE LIABILITY 4175 4175 X 10504015 1203268 198725 1401993 9102022 52042 52042 9154064 6515211 0 6515211 52042 52042 6567253 PART X, LINE 2: OCT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS OCT HAS NO ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX. OCT IS NOT A PRIVATE FOUNDATION. OCT RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. OCT RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN MANAGEMENT AND GENERAL EXPENSE. OCT HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 AND 2022. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. OCT FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. THE CTC'S ARE SINGLE MEMBER LIMITED LIABILITY CORPORATIONS OR LIMITED PARTNERSHIPS WITH NO LIMITED PARTNERS, ALL CONTROLLED BY OCT AND CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED GAIN/LOSS - PILOT PROJECTS 198,725. X X X X X 0 0 0 0 0 1 0 0 0 JULIUS PASAY EXECUTIVE DIRECTOR 202192 0 38000 0 2760 0 8656 0 5970 0 257578 0 0 0 KAREN WARD CHIEF FINANCIAL OFFICER 178222 0 32900 0 2760 0 8350 0 6302 0 228534 0 0 0 KYLER SHERRY CHIEF OPERATING OFFICER 134000 0 22000 0 2760 0 5400 0 5970 0 170130 0 0 0 PART I, LINE 6 QUALIFYING STAFF RECEIVE A PERFORMANCE AWARD UPON MEETING CERTAIN PERFORMANCE TARGETS AND CERTIFICATION. THE PERFORMANCE AWARD IS LIMITED TO 20% OF AN INDIVIDUAL'S ANNUAL SALARY. NONWITHSTANDING, THE AMOUNT OF THE AWARD TO AN OFFICER IS LIMITED IF THE AWARD CAUSES SUCH COMPENSATION TO BE HIGHER THAN COMPARABLE COMPENSATION MARKET AMOUNTS. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION'S MANAGEMENT REVIEWS FORM 990 AND PROVIDES COPIES TO THE FULL BOARD OF DIRECTORS PRIOR TO THEIR REGULARLY SCHEDULED MEETING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A CONFLICT OF INTEREST POLICY WHERE POTENTIAL CONFLICTS ARE REVIEWED REGULARLY AT BOARD MEETINGS AND THE BOARD CONDUCTS AN ANNUAL REVIEW OF THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD REVIEWS AND APPROVES ALL COMPENSATION PAID TO THE OFFICERS OF THE ORGANIZATION. COMPENSATION DECISIONS BY THE BOARD AND DULY AUTHORIZED EMPLOYEES ARE BASED ON ANNUAL EVALUATION OF JOB PERFORMANCE AND UPDATED COMPARABILITY DATA WHICH INCLUDES BUT IS NOT LIMITED TO COMPENSATION LEVELS PAID BY SIMILAR ORGANIZATIONS FOR COMPARABLE POSITIONS AND CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION CONSIDERS ALL REQUESTS ON A CASE BY CASE BASIS BEYOND THE EXTENSIVE INFORMATION CONTAINED IN ITS ANNUAL REPORT, FORM 1023 AND FORMS 990. THE ANNUAL AUDITED FINANCIAL STATEMENTS ARE ACCESSIBLE ON THE ORGANIZATION'S WEBPAGE. FORM 990, PART XI, LINE 9: UNREALIZED GAIN/LOSS - PILOT PROJECTS 198,725. CLIMATE TRUST CAPITAL LLC 80 SE MADISON STREET SUITE 216 PORTLAND OR 97214 813699300 CARBON OFFSET PROGRAMS DE 0 100 OREGON CLIMATE TRUST CLIMATE TRUST CAPITAL FUND I GP LLC 80 SE MADISON STREET SUITE 216 PORTLAND OR 97214 813707354 CARBON OFFSET PROGRAMS DE 0 100 CLIMATE TRUST CAPITAL LLC CLIMATE TRUST CAPITAL FUND I LP 80 SE MADISON STREET SUITE 216 PORTLAND OR 97214 813726007 CARBON OFFSET PROGRAMS DE 1069094 6300295 CLIMATE TRUST CAPITAL FUND I GP LLC