Global Warming Mitigation Project EIN 82-3056808

Global Warming Mitigation Project

EIN  82-3056808 Public charity (501(c)(3)) Aspen, CO
Form 990 (PDF) Compare with another nonprofit →
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Size
$1–10M
What they do
Recognizes and rewards impactful climate change mitigation efforts globally.
Leadership
Jacquelyn Francis · Executive Director · $115K
Money in and out
$1.3M revenue, $1.6M expenses
Bottom line
91% program efficiency

Recognizes and rewards impactful climate change mitigation efforts globally. For fiscal year 2024 it reported $1.3M in revenue, $1.6M in expenses, and $864K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$864K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$368K
Where spending went · Part IX cols B–D
Program services $0.91 Management & general $0.08 Fundraising $0.02
Program efficiency
91%
of spending reaches programs▲ +3% vs prior filing year
Operating runway
6.4mo
months of highly liquid reserves at operating expense rate▼ -35% vs prior filing year
Surplus margin
-29%
revenue over expenses, this year▼ -461% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$1.3M
FY2024▼ -14%
Expenses
$1.6M
FY2024▲ +6%
Total assets
$864K
FY2024▼ -30%
Total liabilities
$143
FY2024▼ -97%
Total revenue
$1.3M
Pt VIII · Ln 12
Total expenses
$1.6M
Pt IX · Ln 25
Net assets
$864K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$368K
Total assetsPt X · Ln 16$864K
Program-expense ratioPt IX · col B91%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $1.4M of program spending, described in the organization's own filed words · FY2024.
01

The keeling curve prize (KCP) recognizes and supports innovative climate solutions that aim to bend the keeling curve downward, ultimately reducing the concentration of atmospheric CO2 and other greenhouse gases.

$1.2Mprogram expense
02

The constellations fellowship provides students and recent graduates with professional virtual internships within our global network of keeling curve prize laureates and finalists. Through this program we are fostering the next generation of climate leaders by connecting students and recent graduates to professional opportunities within…

$127Kprogram expense
03

The climate impact conduit is an impact-driven program designed to unlock greater flows of capital to some of the world's best climate solutions. Investors, donors, and corporations can connect with entrepreneurs and nonprofit leaders from around the globe to make meaningful investments that create returns for people, the planet and the…

$71Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CGlobal Warming Mitigation Project
EINHdr · item D82-3056808
Principal addressHdr · item CAspen, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C30)
Ruling yearIRS BMFMay 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$114,506Pt VII · Sec A
President & Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jacquelyn Francis’s $115K as Executive Director is at the 41st percentile of top reported officer pay among 1843 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2021FY2020
Jacquelyn Francis$117,803$120,000$97,500
Jacquelyn Francis$114,506

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$1.3M · 99%
Investment income$9K · 1%
Contributions & grants99%$1.3M
Investment income1%$9K
Other revenue$781
Total revenueLn 12$1.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.91 Management & general $0.08 Fundraising $0.02
Program services91%$1.5M
Management & general8%$124K
Fundraising2%$29K
Total functional expensesLn 25$1.6M

Balance Sheet

Part X · end of year
CashLn 1$864K
Total assetsLn 16$864K
Total liabilitiesLn 26$143
Total net assetsLn 32$864K
Months of cash on handcomputed6.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $864K · Operating expenses (Pt IX) $1.6M · Less non-cash grants $18K · Cash operating expenses/yr $1.6M
6.4 months
Where the money goes
Program services
Program services $1.5M · Total expenses $1.6M
91%
Management & General
Management & general $124K · Total expenses $1.6M
8%
Fundraising
Fundraising $29K · Total expenses $1.6M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $29K · Solicited contributions (3-yr avg) $1.3M
$0.02 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.3M · Total revenue $1.3M
99%
Government reliance
Government grants $0 · Total revenue $1.3M
0%
Earned-income share
Program service revenue $0 · Total revenue $1.3M
0%
Investment reliance
Investment income $9K · Total revenue $1.3M
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $1.6M
0%
Growth & trend
Revenue growth (YoY)
This year $1.3M · Prior year $1.5M
-14%
Revenue CAGR
FY2020 $1.3M · FY2024 $1.3M
0%
Net-asset trend (YoY)
End of year $864K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.3M · Expenses $1.6M
-29%
Liabilities-to-Assets
Total liabilities — · Total assets $864K
Net-asset ratio
Net assets $864K · Total assets $864K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $864K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jacquelyn Francis · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $115K · Total expenses $1.6M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $550K · Total expenses $1.6M
34%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 91%
Overhead ratio 8%
Fundraising cost ratio 2%
Revenue growth -14%
Legal fee ratio 5%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 7 funders →
Grants paid · 26 grants · $1.0M · 2020–2024
Unitemized GrantFY2024$126,000
Isla Urbana USA INCCA · FY2024$50,000
ItselectricFY2024$50,000
ClimatizeFY2024$50,000
Blue Forest Finance INCCA · FY2024$50,000
BiosorraFY2024$50,000
Health in Harmony INCOR · FY2023$50,000
Sanergy INCFY2023$50,000
Project Vesta PbcFY2023$50,000
StandearthCA · FY2023$50,000
Basigo INCFY2022$25,000
Symbrosia INCFY2022$25,000
Nitricity INCFY2022$25,000
Greenmax Capital AdvisorsFY2022$25,000
EnzincFY2022$25,000
Air CompanyFY2022$25,000
Meets Accelerator CoalitionFY2022$25,000
See all 26 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$1.3M revenue · viewing · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$818K revenue · ⤓ 990 PDF
FY2020$1.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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