2026-08-13T10:10:36-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 14815 BALLANTYNE VILLAGE WAY SUITE 300 CHARLOTTE NC 28277 990 2025-01-01 861877472 ECOSYSTEM SERVICES MARKET CONSORTIUM ECOS 7754768248 12835 COOK DRIVE THORNTON CO 80241 MARGARITA D MCINTOSH CHIEF FINANCIAL OFFICER 7754768248 2026-08-12 1 KATHRINE A WARLICK P02065266 7049985200 2026-08-12 2025 2025-03-06 01:10:19Z ALANA PACHECO 12835 COOK DRIVE THORNTON CO 80241 4537447 0 X HTTPS://ECOSYSTEMSERVICESMARKET.ORG/ X 2020 VA TO ADVANCE ECOSYSTEM SERVICE MARKETS THAT INCENTIVIZE FARMERS AND RANCHERS TO IMPROVE SOIL HEALTH SYSTEMS THAT BENEFIT SOCIETY 9 9 18 10 0 0 2556956 3266910 836391 1172532 3661 97966 0 39 3397008 4537447 0 0 0 0 2308292 2238436 0 0 0 1574156 1368859 3882448 3607295 -485440 930152 4442872 4600524 3148618 2376118 1294254 2224406 X ESMC IS A NON-PROFIT THAT WORKS TO COMPENSATE FARMERS AND RANCHERS WHO IMPROVE THE ENVIRONMENT THROUGH THEIR AGRICULTURAL PRACTICES. OUR MARKET PROGRAM REDUCES GREENHOUSE GASES, IMPROVES WATER QUALITY, AND INCREASES OTHER ECOSYSTEM SERVICES TO BENEFIT SOCIETY. 0 0 2892698 0 1172532 ECOSYSTEM SERVICES MARKET CONSORTIUM (ESMC) IS A NON-PROFIT, MEMBER-BASED ORGANIZATION THAT RECOGNIZES AND REWARDS FARMERS AND RANCHERS FOR THEIR ENVIRONMENTAL SERVICES TO SOCIETY. ESMC MEMBERS REPRESENT THE SPECTRUM OF THE AGRICULTURAL SECTOR SUPPLY CHAIN WITH WHOM WE ARE SCALING SUSTAINABLE AGRICULTURAL SECTOR OUTCOMES, INCLUDING INCREASED SOIL CARBON, REDUCED NET GREENHOUSE GASES, AND IMPROVED WATER QUALITY AND WATER USE CONSERVATION. WE LAUNCHED ECO-HARVEST, A VOLUNTARY, NATIONAL ECOSYSTEM SERVICES MARKET PROGRAM IN MAY 2022. (CONTINUED ON SCH O) DURING 2025, WE CONTINUED TO ENGAGE AGRICULTURAL VALUE CHAIN AND SUPPLY CHAIN PARTNERS IN MARKET PROGRAM INNOVATION, TESTING, AND REFINEMENT TO FURTHER BUILD OUR PROGRAM. REFINEMENTS TO PROTOCOLS, DATA COLLECTION, PROJECT DEVELOPMENT AND PARTNERSHIP ENGAGEMENT MODELS PROCEEDED, AS DID EFFORTS TO TEST AND EMBED ADVANCED TOOLS AND TECHNOLOGIES INTO OUR PLATFORM. THE RESULTS INCLUDE CONTINUED PROGRAMMATIC STREAMLINING AND ACHIEVEMENT OF CRITICAL COST-EFFICIENCIES TO ENABLE SCALED PROGRAM OPERATIONS. WITH THE GENEROUS SUPPORT OF A GRANT FROM THE FOUNDATION FOR FOOD & AGRICULTURE RESEARCH (FFAR) AND FROM MANY ADDITIONAL FUNDERS, MEMBERS, AND COLLABORATORS, WE HAVE ACHIEVED CRITICAL PROGRESS SINCE LAUNCHING OUR PUBLIC PRIVATE PARTNERSHIP IN 2019 AND ECOHARVEST IN 2022. AS OF THE END OF 2025, WE HAD 11 PROJECTS ACROSS THE US AND CANADA WITH 232,581 ACRES ENROLLED. WE CONTINUED TO WORK TOWARD SCALING THESE PROGRAMS, WITH A GOAL OF ENROLLING 445,000 ACRES BY THE END OF 2026. THE MAJORITY OF THESE ACRES ARE ROW CROPS, WITH A FOCUS ON CORN, SOY, WHEAT, AND COTTON. IN ADDITION, WE CONTINUE TO PILOT PROJECTS IN GRAZING (BEEF) AND DAIRY SYSTEMS. WE LAUNCHED A PROTOCOL FOR WATER QUALITY OUTCOMES AND RELEASED V2 OF OUR WATER QUALITY TOOL THAT CONNECTS FIELD LEVEL OUTCOMES TO WATERSHEDS, ALLOWING CORPORATES TO UNDERSTAND HOW THEIR SOURCING IMPACTS THE LARGER ECOSYSTEM. OUR PILOT CONVERTING EDGE-OF-FIELD AREAS TO NATIVE SPECIES IN KANSAS CONTINUES AND THE ESMC BIODIVERSITY TOOL AND PROTOCOL WILL LAUNCH IN Q2 2026. WE HAVE PARTNERED WITH A NEW MODELING SERVICE PROVIDER, HABITERRE, AND HAVE TRANSITIONED OUR PROGRAM TO FOCUS ON INVENTORY ACCOUNTING, ALLOWING CORPORATES TO MEET CLIMATE COMMITMENTS, SUCH AS SBTI.WE CONTINUE TO WORK TO ADDRESS THE NEEDS OF ECONOMICALLY DISADVANTAGED PRODUCERS. IN 2025, WE DEVELOPED THE ECOHARVEST PROJECT MAPPING TOOL TO MAP CARBON SEQUESTRATION POTENTIAL AND IMPAIRED WATERWAYS ACROSS THE LOWER 48. THIS WORK HELPS PRIORITIZE PROJECT DEVELOPMENT IN THOSE AREAS WITH THE BEST POTENTIAL FOR POSITIVE CARBON AND WATER OUTCOMES. THIS MAPPING TOOL WAS MADE AVAILABLE TO ESMC MEMBERS AS A KEY MEMBER BENEFIT.ON THE BUYER FRONT, WE SUCCESSFULLY IMPLEMENTED A CO-CLAIMING/CO-INVESTMENT MODEL WITH TWO CORPORATE PARTNERS. A BUYER OF IMPACT UNITS CAN CLAIM A SHARE OF EMISSIONS REDUCTIONS OR REMOVALS WITH OTHER STAKEHOLDERS IN THE VALUE CHAIN; CO-CLAIMING IS A UNIQUE FEATURE OF SCOPE 3. CO-CLAIMING TRANSACTIONS ARE TRACKED ON SUSTAINCERT'S VIVID PLATFORM TO PREVENT DOUBLE-COUNTING AND TRACK APPROPRIATE VOLUME OF TRANSACTIONS. UTILIZING THIS PROGRAM AS A TEMPLATE, WE ARE REPLICATING THIS CO-CLAIMING MODEL WITH OTHER EXISTING AND EMERGING PROJECTS. THIS IS A POWERFUL PROGRAM OFFERING TO BOOST PROGRAM ECONOMIC FEASIBILITY AND SCALE.WE WORKED TO IMPROVE OUR PAYMENT MODEL BY GATHERING FEEDBACK FROM FARMERS AND ON-THE-GROUND PARTNERS. GIVEN THIS FEEDBACK, WE IMPLEMENTED A HYBRID PAYMENT MODEL THAT PROVIDES PARTICIPATING FARMERS UPFRONT PAYMENTS FOR PRACTICE IMPLEMENTATION AND OUTCOME PAYMENTS ONCE OUTCOMES HAVE BEEN ACHIEVED. WE TESTED THIS MODEL IN PROJECTS THROUGHOUT 2025. 2892698 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 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 93 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 VA X MARGARITA MCINTOSH 3035482047 12835 COOK DRIVE THORNTON CO 80241 EMILY JOHANNES BOARD CHAIR 1.00 X X 0 0 0 DELANE ATCITTY BOARD MEMBER 1.00 X 0 0 0 ALINE DELUCIA BOARD MEMBER 1.00 X 0 0 0 BOB LAWRENCE BOARD MEMBER 1.00 X 0 0 0 GENE LOLLIS BOARD MEMBER (THRU MAY 2025) 1.00 X 0 0 0 ASHLEY LYON MCDONALD BOARD MEMBER 1.00 X 0 0 0 SHELLY MAYER BOARD MEMBER 1.00 X 0 0 0 DEBBIE REED BOARD MEMBER 1.00 X 0 0 0 JAY WATSON BOARD MEMBER 1.00 X 0 0 0 ELIZABETH WALLS BOARD MEMBER 1.00 X 0 0 0 RYAN TREGASKES CEO (AS OF 06/2025) 40.00 X 130511 0 8981 ALANA PACHECO PRESIDENT 40.00 X 221000 0 23500 MARGARITA MCINTOSH CFO 40.00 X 227446 0 16831 ANNE GAGE SENIOR DIRECTOR OF PARTNERSHIPS 40.00 X 159700 0 37359 ISIDORA JIMENEZ DIRECTOR OF FINANCE 40.00 X 164849 0 32250 ASHLEY KOHLMEYER CHIEF BUSINESS OFFICER 40.00 X 160934 0 31323 DOUG ADAMS MGR EQUITY & MEMBER ENGAGEMENT 40.00 X 132584 0 19161 TAPASYA BABU SR MANAGER, RESEARCH PROGRAMS 40.00 X 136000 0 0 1333024 0 169405 10 0 1 0 VALERE LABS INC 626 STOW ROAD MARLBOROUGH MA 01752 SOFTWARE DEVELOPMENT 202292 HEARTLAND SCIENCE AND TECHNOLOGY GROUP 626 STOW ROAD MARLBOROUGH MA 01752 SOFTWARE DEVELOPMENT 163903 HABITERRE INC 60 HAZELWOOD DR CHAMPAIGN IL 61820 MARKET PROGRAM VALIDATION AND MONITORING 146578 TETRA TECH INC 413 WACOUTS STREET SUITE 435 ST PAUL MN 55101 BIODIVERSITY MODULE DEVELOPMENT 108037 4 150000 223372 2893538 3266910 MARKET PROGRAM PARTNER 541700 1172532 1172532 1172532 97966 97966 MISCELLANEOUS INCOME 900099 39 39 39 4537447 1172532 0 98005 617797 413924 203873 1436089 1043233 392856 18692 15773 2919 165858 120494 45364 27611 27611 27518 27518 690 690 198565 198565 28918 27793 1125 29386 29386 45515 45515 17221 4003 13218 SOIL SAMPLING 985861 985861 7574 7461 113 3607295 2892698 714597 0 3349313 4218969 426463 250036 666020 130275 1076 1244 4442872 4600524 447330 356195 1329408 421806 1371880 1598117 3148618 2376118 X 1294254 2224406 1294254 2224406 4442872 4600524 930152 0 X X 0 1 X 1 0 X 1778442 6538452 2113031 2556956 3266910 16253791 60679 721074 836391 1172532 2790676 1778442 6599131 2834105 3393347 4439442 19044467 30240 467016 590811 225000 425000 1738067 114219 44438 61730 220387 144459 467016 635249 286730 425000 1958454 17086013 7 84 84 3661 97966 101802 7 84 84 3661 97966 101802 39 39 1778449 6599215 2834189 3397008 4537447 19146308 0.89240 0.00530 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2025 AMOUNT: $ 39. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 MARKET PROGRAM PRODUCER LIABILITY 1598117 1598117 X 4538900 1453 1453 4537447 0 4537447 3608748 1453 1453 3607295 0 3607295 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND IS NOT A PRIVATE FOUNDATION. ACCORDINGLY, NO INCOME TAXES HAVE BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY THE PROVISIONS OF U.S. GAAP ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT BELIEVES THAT THE ORGANIZATION CONTINUES TO SATISFY THE REQUIREMENTS OF A TAX-EXEMPT ORGANIZATION AS OF DECEMBER 31, 2025 AND 2024. MANAGEMENT HAS EVALUATED ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE ORGANIZATION HAD NO UNCERTAIN INCOME TAX POSITIONS AS OF DECEMBER 31, 2025 AND 2024. NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES 0 0 PROGRAM SERVICES ECOSYSTEM SERVICES DESIGNED TO ENCOURAGE FARMING PRACTICES THAT ADDRESS SOIL CARBON, GREENHOUSE GASES, WATER QUALITY AND WATER USE CONSERVATION. 534185 0 0 0 0 0 0 534185 0 534185 0 0 0 0 0 0 PART I, LINE 2: ESMC RECEIVES FUNDS TO DISTRIBUTE TO SPECIFIC CUSTOMERS. FOR 2025, THE FUNDS WERE DISTRIBUTED TO CANADIAN PRODUCERS THAT ALIGNED WITH SPECIFIC PROJECTS. THE PAYMENTS MADE TO THE PRODUCERS WERE CAREFULLY MONITORED AND DISTRIBUTED IN STAGES UNTIL THE FULL AMOUNT WAS RECEIVED BY THEM. X X 0 0 0 0 0 0 0 0 0 ALANA PACHECO PRESIDENT 214100 0 6900 0 0 0 23500 0 0 0 244500 0 0 0 MARGARITA MCINTOSH CFO 219646 0 7800 0 0 0 12528 0 4303 0 244277 0 0 0 ISIDORA JIMENEZ DIRECTOR OF FINANCE 157049 0 7800 0 0 0 23500 0 8750 0 197099 0 0 0 ANNE GAGE SENIOR DIRECTOR OF PARTNERSHIPS 151900 0 7800 0 0 0 10860 0 26499 0 197059 0 0 0 ASHLEY KOHLMEYER CHIEF BUSINESS OFFICER 159134 0 1800 0 0 0 23500 0 7823 0 192257 0 0 0 DOUG ADAMS MGR EQUITY & MEMBER ENGAGEMENT 124784 0 7800 0 0 0 12046 0 7115 0 151745 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 ESMC IS A MEMBER-BASED CONSORTIUM. FORM 990, PART VI, SECTION B, LINE 11B THE DRAFTED FORM 990 IS REVIEWED INTERNALLY BY THE CFO AND FINANCE DIRECTOR REVIEW BEFORE FINALIZING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM IS REVIEWED AND SIGNED BY BOARD MEMBERS AND OFFICERS ON AN ANNUAL BASIS. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION WAS APPROVED BY THE BOARD CHAIR. FOR THE PRESIDENT, THIS WAS REVIEWED AND APPROVED BY THE CEO. THE CFO'S COMPENSATION WAS REVIEWED AND APPROVED BY THE CEO AND PRESIDENT. ESMC SET THE STANDARD FOR ALL EMPLOYEES AND PROVIDED A 3.5% COLA/INFLATION AMOUNT. INCREASES WERE THEN GIVEN BASED ON PERFORMANCE AND MAXED OUT AT 7.5%. THIS WAS RECORDED VIA AN EMAIL APPROVAL AND STATUS CHANGE FORM. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT-OF-INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE PROCESS FOR OVERSIGHT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR. ECOSYSTEM SERVICES MARKET CONSORTIUM LLC 3426 GREENTREE DRIVE FALLS CHURCH VA 22041 861877472 TO INCENTIVIZE IMPROVEMENT IN CARBON AND WATER QUALITY VA 0 0 ECOSYSTEM SERVICES MARKET CONSORTIUM