Nonprofit · EIN 91-1829325
OREGON CLIMATE TRUST
Tax-exempt · PORTLAND, OR 97214
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $18,165,269 | $17,115,455 | $1,049,814 | $25,641,627 | $3,118,534 | $22,523,093 |
| December 31, 2024 | 990 | $12,879,885 | $10,286,111 | $2,593,774 | $26,554,668 | $1,911,090 | $24,643,578 |
| December 31, 2023 | 990 | $9,154,064 | $6,567,253 | $2,586,811 | $29,327,897 | $7,873,735 | $21,454,162 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,822
- Program service revenue
- $16,976,063
- Investment income
- $1,185,384
- Net gain from sales of assets
- $928,991
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $725,127
- Other salaries and wages
- $1,239,014
- Salaries, compensation and benefits (total)
- $2,469,610
- Professional fundraising fees
- $0
- Legal fees
- $79,812
- Accounting fees
- $113,697
- Occupancy
- $9,520
- Travel
- $133,655
- Program services (functional)
- $16,039,171
- Management and general (functional)
- $1,076,284
Balance sheet and other
- Total assets, start of year
- $26,554,668
- Total assets, end of year
- $25,641,627
- Total liabilities, end of year
- $3,118,534
- Net assets, end of year
- $22,523,093
- Publicly traded securities
- $4,851,037
- Net assets without donor restrictions
- $22,523,093
- Gross receipts
- $21,329,241
- Employees
- 16
- Volunteers
- 10
- Year formed
- 1997
- State of legal domicile
- OR
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIUS PASAY | EXECUTIVE DIRECTOR Officer | 40 | $273,593 | $18,207 |
| KAREN WARD | CHIEF FINANCIAL OFFICER Officer | 40 | $239,576 | $18,443 |
| VICTORIA LOCKHART | DIRECTOR OF REFORESTATION Highest-paid employee | 40 | $175,435 | $16,222 |
| KYLER SHERRY | CHIEF OPERATING OFFICER Officer | 40 | $162,741 | $12,569 |
| JEREMY KOSLOWSKI DIRECTOR | OF FOREST CARBON PARTNERSHIPS Highest-paid employee | 40 | $154,365 | $14,125 |
| MADELINE MONTAGUE DIRECTOR | OF FOREST CARBON DEVELOPMENT Highest-paid employee | 40 | $122,939 | $12,181 |
| JARED O'SHAUGHNESSY | OPERATIONS MANAGER Highest-paid employee | 40 | $113,241 | $14,884 |
| TRAVIS CROFT | PROGRAM MANAGER Highest-paid employee | 40 | $110,760 | $10,974 |
| DAVID VAN'T HOF | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KELLEY BEAMER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MORGAN RIDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRAD HUNTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALEXIS NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID YEH | DIRECTOR (THRU 01/2025) Trustee or director | 1 | $0 | $0 |
| RYAN MCGRAW | DIRECTOR (THRU 01/2025) Trustee or director | 1 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| STEPHEN DONOFRIO | DIRECTOR Trustee or director | 1 | $0 |
| PAT OSHIE | DIRECTOR Trustee or director | 1 | $0 |
| CHERIE KEARNEY | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIUS PASAY | EXECUTIVE DIRECTOR Officer | 40 | $245,873 | $16,629 |
| KAREN WARD | CHIEF FINANCIAL OFFICER Officer | 40 | $219,483 | $14,997 |
| KYLER SHERRY | CHIEF OPERATING OFFICER Officer | 40 | $177,427 | $13,031 |
| JEREMY KOSLOWSKI DIRECTOR | OF FOREST CARBON PARTNERSHIPS Highest-paid employee | 40 | $125,148 | $15,035 |
| VICTORIA LOCKHART | DIRECTOR OF REFORESTATION Highest-paid employee | 40 | $132,000 | $4,810 |
| MADELINE MONTAGUE | FOREST CARBON MANAGER Highest-paid employee | 40 | $114,210 | $11,337 |
| NICHOLE KINSEY | MANAGER OF OPERATIONS Highest-paid employee | 40 | $105,034 | $10,542 |
| DAVID VAN'T HOF | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMRITA VATSAL | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| KELLEY BEAMER | VICE-CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MORGAN RIDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRAD HUNTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ALEXIS NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID YEH | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ODIN KNUDSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| RYAN MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STEPHEN DONOFRIO | MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JULIUS PASAY | EXECUTIVE DIRECTOR Officer | 40 | $242,952 | $14,626 |
| KAREN WARD | CHIEF FINANCIAL OFFICER Officer | 40 | $213,882 | $14,652 |
| KYLER SHERRY | CHIEF OPERATING OFFICER Officer | 40 | $158,760 | $11,370 |
| MADELINE MONTAGUE | FOREST CARBON MANAGER Highest-paid employee | 40 | $104,593 | $10,043 |
| DAVID VAN'T HOF | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| AMRITA VATSAL | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| MORGAN RIDER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| BRAD HUNTER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| RYAN MCGRAW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ODIN KNUDSEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KELLEY BEAMER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ALEXIS NELSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID YEH | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 80 SE MADISON ST STE 216, PORTLAND, OR 97214-4527
- In care of
- % KAREN WARD
- Principal officer (990 for 2025)
- JULIUS PASAY, 80 SE MADISON STREET 216, PORTLAND, OR 97214
- Signed the 990
- JULIUS PASAY, EXECUTIVE DIRECTOR
- Phone
- (503) 238-1915
- Website
- WWW.CLIMATETRUST.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
THE CLIMATE TRUST PIONEERS ACCESSIBLE CARBON MARKET SOLUTIONS THAT BENEFIT OUR CLIMATE THROUGH GOOD LAND STEWARDSHIP.
Program accomplishments
- 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.Expenses $16,039,171 · revenue $16,976,063
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-1829325
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1997
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C200)
- Assets (IRS master file)
- $25,641,627
- Income (IRS master file)
- $21,329,241
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $18,165,269 | $17,115,455 | $25,641,627 | IRS |
| 990 | December 2024 | $12,879,885 | $10,286,111 | $26,554,668 | XML |
| 990 | December 2023 | $9,154,064 | $6,567,253 | $29,327,897 | XML |
| 990 | December 2022 | $9,516,019 | $6,239,133 | $25,728,774 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-1829325).
Questions about OREGON CLIMATE TRUST
- What is the EIN of OREGON CLIMATE TRUST?
- The employer identification number (EIN) of OREGON CLIMATE TRUST is 91-1829325.
- Is OREGON CLIMATE TRUST tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to OREGON CLIMATE TRUST tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does OREGON CLIMATE TRUST file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of OREGON CLIMATE TRUST due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did OREGON CLIMATE TRUST last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of OREGON CLIMATE TRUST?
- The 990 for the year ended December 31, 2025 names JULIUS PASAY.
- Who are the officers and directors of OREGON CLIMATE TRUST?
- The 990 for the year ended December 31, 2025 lists 18 people; 8 received compensation from the organization, the highest $273,593 (JULIUS PASAY, EXECUTIVE DIRECTOR).
- How much revenue does OREGON CLIMATE TRUST have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $18,165,269, expenses of $17,115,455 and total assets of $25,641,627 at year end.
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