THE NEW YORK CLIMATE EXCHANGE INC Charity Report

Public IRS 990 nonprofit record

THE NEW YORK CLIMATE EXCHANGE INC

EIN 92-3384115 · Research Institutes & Public Policy Analysis (C05)

What they do

OUR MISSION is to CONFRONT URGENT CLIMATE IMPACTS and ISSUES of ENVIRONMENTAL JUSTICE, BREAKING DOWN SILOS THROUGH AN INNOVATIVE, SCALABLE, and SUSTAINABLE MODEL THAT WILL RAPIDLY DEVELOP NEW URBAN CLIMATE SOLUTIONS.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $63.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders30 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

23.23%of revenue went to mission work63.1% of expenses · Program services

7.78%of revenue went to fundraising21.1% of expenses

$36.84spent for every $100 of revenueRevenue covered expenses this year.

5.83%of revenue went to management and office costs15.8% of expenses

$15.52in assets for every $1 spent this yearSome assets cannot be spent right away.

95.7%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $460,700 for STEPHEN HAMMER (EXECUTIVE DIRECTOR & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$21,197,671

Mission workProgram services$4,924,24523.23% of revenue63.1% of expenses

ManagementOffice and general costs$1,235,0625.83% of revenue15.8% of expenses

FundraisingAsking for donations$1,649,9397.78% of revenue21.1% of expenses

Revenue left after expensesReported annual surplus$13,388,42563.16% of revenueShown in gray on the chart

Total expenses$7,809,24636.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 63.1% mission · 15.8% management · 21.1% fundraisingTotal expenses: 36.84% of revenue

2023Expense mix: 24.6% mission · 62.1% management · 13.2% fundraisingTotal expenses: 7.99% of revenue

Money in and money out

Revenue$21,197,671

Expenses$7,809,246

Annual surplus $13,388,425 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,924,245 · 63.1% of expenses

Management and office costs$1,235,062 · 15.8% of expenses

Fundraising$1,649,939 · 21.1% of expenses

See all reported dollar amounts

Revenue$21,197,671

Expenses$7,809,246

Assets$121,185,583

Income$21,197,671

Contributions$20,286,819

Mission work (program services)$4,924,245

Fundraising$1,649,939

Grants given$60,000

Average grant$10,000

Management and general$1,235,062

Accounting fees$92,340

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

STEPHEN HAMMEREXECUTIVE DIRECTOR & CEO · 40 hrs/week $460,700Base $439,677 · Other $21,023

ANDREW WINTERS DIR OF CAPPROJECTS, PLANNING,& DEVELOPMENT · 40 hrs/week $434,419Base $384,915 · Other $49,504

KEECHA GARDNERCHIEF ADVANCEMENT OFFICER · 40 hrs/week $277,075Base $246,601 · Other $30,474

VALERIE GUILLAMO DIR OFMULTILATERAL INITIATIVES · 40 hrs/week $147,762Base $134,921 · Other $12,841

ELIZABETH VEROSTEK DIR OFFINANCE & ADMINISTRATION · 40 hrs/week $137,175Base $121,280 · Other $15,895

SHAINA HOROWITZDIRECTOR OF INNOVATION · 40 hrs/week $132,604Base $114,245 · Other $18,359

ANDEL KOESTER DIR OFCOMMUNITY INITIATIVES · 40 hrs/week $129,365Base $122,891 · Other $6,474

LAUREN BARREDOCHIEF OF STAFF · 40 hrs/week $118,212Base $108,942 · Other $9,270

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (30)

STEPHEN HAMMEREXECUTIVE DIRECTOR & CEO

ANDREW WINTERS DIR OF CAPPROJECTS, PLANNING,& DEVELOPMENT

KEECHA GARDNERCHIEF ADVANCEMENT OFFICER

VALERIE GUILLAMO DIR OFMULTILATERAL INITIATIVES

ELIZABETH VEROSTEK DIR OFFINANCE & ADMINISTRATION

SHAINA HOROWITZDIRECTOR OF INNOVATION

ANDEL KOESTER DIR OFCOMMUNITY INITIATIVES

LAUREN BARREDOCHIEF OF STAFF

JUSTINA NIXON-SAINTILDIRECTOR

WILLIAM BOULDINGDIRECTOR UNTIL 08/2024

MARVIN KRISLOVDIRECTOR

MAYA TOLSTOYDIRECTOR UNTIL 06/2025

RICHARD MCCORMICKCHAIR UNTIL 05/2025

ROBERT STEELVICE CHAIR AS OF 08/2024

RYNE RAFAELLEDIRECTOR

SCOTT BARRETTDIRECTOR

ADAM FREEDDIRECTOR

JUSTIN FINCHERDIRECTOR

JUDITH GREIMANDIRECTOR

JEROME LYNCHDIRECTOR

JED SHIVERSTREASURER

GIOVANNI FASSIODIRECTOR

FRANK HODGEDIRECTOR

FRANCES BRONETSECRETARY

EUAN W ROBERTSONDIRECTOR

ERROL COCKFIELDDIRECTOR

DAMARIS REYESDIRECTOR

CHAOUKI ABDALLAHVICE-CHAIR UNTIL 09/2024

BERIL TOKTAYDIRECTOR

ANDREA GOLDSMITHCHAIR AS OF 06/2025

About this charity

Recognized since: January 2024
Location: 10 SOUTH STREET SLIP 7, NEW YORK, NY 10004-1921
County: New York
In care of: % JED SHIVERS
Primary officer: JED SHIVERS, TREASURER

How to reach them

WebsiteVisit the charity’s website Phone(218) 770-8121

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Research Institutes & Public Policy Analysis (C05)
IRS tax category: Research Institutes & Public Policy Analysis
Grant-giving organization: Yes