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Nonprofit · EIN 93-2878604

ALLIED CLIMATE PARTNERS INC

Tax-exempt · NEW YORK, NY 10019

Financials

$7.8M$772K2023$66.5M$2.4M2024
Revenue Expenses · by fiscal year end
Financials of ALLIED CLIMATE PARTNERS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$66,539,772$2,411,788$64,127,984$71,401,707$289,931$71,111,776
December 31, 2023990$7,800,000$772,048$7,027,952$7,228,465$200,513$7,027,952
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$65,261,148
Program service revenue
$0
Investment income
$1,278,624
Net gain from sales of assets
-$79,782
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$775,933
Other salaries and wages
$447,251
Salaries, compensation and benefits (total)
$1,355,732
Professional fundraising fees
$0
Legal fees
$74,661
Accounting fees
$28,352
Occupancy
$712
Travel
$306,254
Program services (functional)
$1,884,562
Management and general (functional)
$470,776
Fundraising (functional)
$56,450

Balance sheet and other

Total assets, start of year
$7,228,465
Total assets, end of year
$71,401,707
Total liabilities, end of year
$289,931
Net assets, end of year
$71,111,776
Net assets without donor restrictions
$58,210,993
Net assets with donor restrictions
$12,900,783
Gross receipts
$79,120,084
Employees
6
Volunteers
4
Year formed
2023
State of legal domicile
DE

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, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
AHMED SAEEDCHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$642,669$54,260
SARAH FRANDSENPRINCIPAL
Highest-paid employee
40$154,417$27,873
CHIN-TING JENNIFER JIANDIRECTOR OF FINANCE & OPERATIONS
Officer
40$71,467$7,537
MARK GALLOGLYDIRECTOR AND CHAIR
Trustee or director, Officer
10$0$0
WILLIAM R BAKERDIRECTOR
Trustee or director
0.5$0$0
PAUL BODNARDIRECTOR
Trustee or director
0.5$0$0
TONY CURNESDIRECTOR
Trustee or director
0.5$0$0
TAYLOR RAYSECRETARY
Officer
1$0$0
DANIEL HULLAHTREASURER
Officer
2$0$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensationOther / benefits
AHMED SAEEDCHIEF EXECUTIVE OFFICER EFF. 9/2023
Officer
40$189,583$2,348
MARK GALLOGLYDIRECTOR AND CHAIR
Trustee or director, Officer
10$0$0
WILLIAM R BAKERDIRECTOR
Trustee or director
0.5$0$0
TONY CURNESDIRECTOR
Trustee or director
0.5$0$0
MIMI ALEMAYEHOUINTERIM CEO THRU 9/2023
Officer
40$0$0
TAYLOR RAYSECRETARY
Officer
1.5$0$0
DANIEL HULLAHTREASURER
Officer
1.5$0$0

Address and contacts

Address (IRS master file)
712 FIFTH AVENUE 47, NEW YORK, NY 10019-4108
In care of
% THREE CAIRNS GROUP
Principal officer (990 for 2024)
AHMED SAEED, 712 FIFTH AVENUE 47, NEW YORK, NY 10019
Signed the 990
AHMED SAEED, CHIEF EXECUTIVE OFFICER
Phone
(212) 554-2582
Return prepared by
PKF O'CONNOR DAVIES ADVISORY LLC

Mission

ALLIED CLIMATE PARTNERS' (ACP) MISSION IS TO INVEST CATALYTIC CAPITAL TO RESOLVE CLIMATE FINANCE BOTTLENECKS IN EMERGING MARKETS AND DEVELOPING ECONOMIES BY FOSTERING, SUPPORTING, PROMOTING, AND CONDUCTING PROGRAMS, PROJECTS, AND ACTIVITIES, INCLUDING INNOVATING FINANCING MECHANISMS, DESIGNED TO MITIGATE THE EFFECTS OF CLIMATE CHANGE AND ENHANCE THE ABILITY OF VULNERABLE AND AT RISK COMMUNITIES, IN ORDER TO INCREASE CLIMATE RESILIENCY AND SUPPORT SUSTAINABLE ECONOMIC GROWTH AND ENERGY SECURITY GROUNDED IN THE TRANSITION TO CLEAN ENERGY AND ENERGY INFRASTRUCTURE.

990 for the year ended December 31, 2024

Program accomplishments

  • ALLIED CLIMATE PARTNERS (ACP) SEEKS TO ADDRESS CLIMATE FINANCE CHALLENGES IN EMERGING MARKETS AND DEVELOPING ECONOMIES BY PROVIDING EARLY-STAGE-FOCUSED INVESTMENT PLATFORMS AND OTHERS FOCUSED ON CRITICAL CLIMATE-RELATED BOTTLENECKS WITH APPROPRIATE RISK-ORIENTED CAPITAL AND A MANDATE TO INVEST IN CLIMATE-FOCUSED COMPANIES THAT LACK ACCESS TO CAPITAL AND HAVE SIGNIFICANT POTENTIAL TO ADDRESS THE EFFECTS OF CLIMATE CHANGE. THE PRIMARY PROBLEMS WITH CATALYZING EFFECTIVE, LONG-LASTING CHANGE WHEN WORKING TO AMELIORATE THE DEVASTATING EFFECTS OF CLIMATE CHANGE ARE THE LACK OF INVESTMENT CAPITAL FOR POTENTIALLY EFFECTIVE PROJECTS AND A LACK OF MANAGERS AND FUNDS WHO ARE FOCUSED ON PRIORITIZING IMPACT AND CLIMATE RESILIENCY OVER RETURNS. ACP PLANS TO ADDRESS THESE PROBLEMS BY FUNDING INVESTMENT MANAGERS FOCUSED ON RAISING AND INVESTING CAPITAL TO ADDRESS THE FINANCING GAP AT THESE EARLY, RISK-ORIENTED STAGES OF THE PROJECT DEVELOPMENT PROCESS, WHEN STANDARD FINANCING IS DIFFICULT TO COME BY. IT WILL UTILIZE CAPITAL STRATEGICALLY TO LEVERAGE AND STIMULATE ADDITIONAL MARKET FUNDING, AND ITS INVESTMENTS WILL OFTEN BE IN JUNIOR, MORE CATALYTIC TRANCHES.
    Expenses $1,884,562

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
93-2878604
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
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C02)
Assets (IRS master file)
$71,401,707
Income (IRS master file)
$79,120,084

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$66,539,772$2,411,788$71,401,707XML
990December 2023$7,800,000$772,048$7,228,465XML

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 93-2878604).

Questions about ALLIED CLIMATE PARTNERS INC

What is the EIN of ALLIED CLIMATE PARTNERS INC?
The employer identification number (EIN) of ALLIED CLIMATE PARTNERS INC is 93-2878604.
Is ALLIED CLIMATE PARTNERS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to ALLIED CLIMATE PARTNERS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does ALLIED CLIMATE PARTNERS INC 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 ALLIED CLIMATE PARTNERS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did ALLIED CLIMATE PARTNERS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of ALLIED CLIMATE PARTNERS INC?
The 990 for the year ended December 31, 2024 names AHMED SAEED.
Who are the officers and directors of ALLIED CLIMATE PARTNERS INC?
The 990 for the year ended December 31, 2024 lists 9 people; 3 received compensation from the organization, the highest $642,669 (AHMED SAEED, CHIEF EXECUTIVE OFFICER).
How much revenue does ALLIED CLIMATE PARTNERS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $66,539,772, expenses of $2,411,788 and total assets of $71,401,707 at year end.

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