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VERRA: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
VERRA (EIN 27-0566795)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-06-18
IRS object ID
202641699349300149
Schema version
2025v4.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2026-06-18T18:06:18-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN582676261PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Rogers & Company PLLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11775 Tysons Boulevard Suite 1200AddressLine1Txt
CityMcLeanCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN270566795EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1VerraBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlVERRBusinessNameControlTxt
Phone2029260038PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11802 Vernon St NW Ste 1105AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200091217ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMandy RambharosPersonNm
Person TitleCEOPersonTitleTxt
Phone2029260038PhoneNum
Signature2026-06-18SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLori A CollingsworthPreparerPersonNm
PTINP00639819PTIN
Phone7038930300PhoneNum
Preparation2026-06-18PreparationDt
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMandy RambharosPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11802 Vernon St NW Ste 1105AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200091217ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$30,616,660GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresshttps://verra.org/WebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2009FormationYr
Legal Domicile StateDCLegalDomicileStateCd
Activity Or MissionVerra sets the world's leading standards for climate action and sustainable development.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee68TotalEmployeeCnt
Total Volunteers193TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$5,000PYContributionsGrantsAmt
CY Contributions Grants$924,209CYContributionsGrantsAmt
PY Program Service Revenue$26,565,382PYProgramServiceRevenueAmt
CY Program Service Revenue$29,053,293CYProgramServiceRevenueAmt
PY Investment Income$1,188,231PYInvestmentIncomeAmt
CY Investment Income$639,158CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$27,758,613PYTotalRevenueAmt
CY Total Revenue$30,616,660CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$29,637,753PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$22,005,085CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$45,124CYTotalFundraisingExpenseAmt
PY Other Expenses$17,495,301PYOtherExpensesAmt
CY Other Expenses$9,568,851CYOtherExpensesAmt
PY Total Expenses$47,133,054PYTotalExpensesAmt
CY Total Expenses$31,573,936CYTotalExpensesAmt
PY Revenues Less Expenses-$19,374,441PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$957,276CYRevenuesLessExpensesAmt
Total Assets BOY$28,663,979TotalAssetsBOYAmt
Total Assets EOY$26,804,981TotalAssetsEOYAmt
Total Liabilities BOY$4,675,963TotalLiabilitiesBOYAmt
Total Liabilities EOY$3,774,241TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$23,988,016NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$23,030,740NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionVerra drives transformational action on climate change and sustainable development through high-integrity standards that mobilize finance and deliver real impact.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$27,934,122ExpenseAmt
Revenue$27,551,050RevenueAmt
DescVCS Program: The Verified Carbon Standard (VCS) Program certifies projects that reduce and remove greenhouse gas emissions. Projects undergo a rigorous development and assessment process before applying for registration with the VCS Program. Projects are issued Verified Carbon Units which they can use to finance their activities. Under the VCS Program, Verra also operates the Jurisdictional and Nested REDD+ Framework that enables jurisdictional REDD+ programs and nested projects to account for and verify their forest-related emission reduction activities.Continued in Schedule ODesc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$1,217,752ExpenseAmt
Revenue$1,198,385RevenueAmt
DescCCBS Program: The Climate Community and Biodiversity Standards (CCBS) Program certifies projects that simultaneously address climate change, support local communities and smallholders, and conserve biodiversity. Many land-based projects register in both the CCBS Program and the VCS Program. These projects include reforestation, afforestation, vegetation, forest restoration, agroforestry, and sustainable agriculture projects.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$189,366ExpenseAmt
Revenue$186,354RevenueAmt
DescPlastics Waste Reduction Standard Program: The Plastic Waste Reduction Standard Program (Plastic Program) enables the consistent accounting, independent auditing and crediting of new or scaled-up waste collection and recycling projects. Projects are issued Plastic Credits which they can use to sustain and/or scale up their operations. The program seeks to catalyze socially-responsible waste recovery and recycling efforts around the world.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$119,403ExpenseAmt
Revenue$117,504RevenueAmt
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$119,403TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$117,504TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$29,460,643TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (1)IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related Entity0RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd Org0TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document27IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee68EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonAnil Vinayak CFOPersonNm
Phone2029260038PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11802 Vernon St NW Ste 1105AddressLine1Txt
CityWashingtonCityNm
State AbbreviationDCStateAbbreviationCd
ZIP200091217ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (23 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
Marc Stuart
Chair4.00Yes (X)Yes (X)$0$0$0
Andre de Ruyter
Vice Chair2.00Yes (X)Yes (X)$0$0$0
Julie McLaughlin
Vice Chair2.00Yes (X)Yes (X)$0$0$0
Kenneth Markowitz
Director1.00Yes (X)$0$0$0
Jim Cannon
Director1.00Yes (X)$0$0$0
Dirk Forrister
Director1.00Yes (X)$0$0$0
Janice Kotut-Sang
Director1.00Yes (X)$0$0$0
Jennifer McFarlane
Director1.00Yes (X)$0$0$0
Anshari Rahman
Director1.00Yes (X)$0$0$0
Juan Felipe Rengifo Borreno
Director1.00Yes (X)$0$0$0
Tsunehiko Yanagihara
Director1.00Yes (X)$0$0$0
Mandy Rambharos
Chief Executive Officer40.00Yes (X)$398,878$0$10,364
Anil Vinayak
Chief Financial Officer40.00Yes (X)$335,139$0$33,870
Joseph DellOrfano
Chief Technology Officer40.00$328,846$0$39,893Yes (X)
Hillary Navarro
Chief Comm & Engagement Officer40.00$252,149$0$30,827Yes (X)
Justin Wheler
Chief Program Management Officer40.00$210,012$0$18,961Yes (X)
Candace Vinke
Chief Prog Dev & Innovation Officer40.00$182,789$0$16,987Yes (X)
Andrew Howard
Chief Strategy & Policy Officer40.00$236,010$0$0Yes (X)
Jerry Seager
Sr Director, Program Quality40.00$214,948$0$22,547Yes (X)
Benktesh Sharma
Sr Director, Technology Solutions40.00$211,079$0$23,576Yes (X)
Julianne Baroody
Sr Director, Certification40.00$198,337$0$24,926Yes (X)
Barbara Davis
Director of Technology Management40.00$189,590$0$24,273Yes (X)
Sinclair Vincent
Sr Director, Program Development40.00$184,212$0$19,634Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$2,941,989TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$265,858TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K66IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmCountryContractorAddress/ForeignAddress/CountryCdForeign PostalContractorAddress/ForeignAddress/ForeignPostalCd
APX Inc
2150 North First St Suite 500CSan JoseCA95131Design & maintain in-house registry$900,860
Space Intelligence Ltd
Program service provider$608,000120 George StreetEdinburghUKEH2 4LH
Globalization Partners
175 Federal St 17th FloorBostonMA02110Professional employment services$571,550
Arnold & Porter Kaye Scholer LLP
PO Box 719451PhiladelphiaPA19171Legal advisory services$560,546
CTrees
12 S Raymond Ave Ste BPasadenaCA91105Program service provider$482,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K20CntrctRcvdGreaterThan100KCnt
All Other Contributions$924,209AllOtherContributionsAmt
Noncash Contributions$50,200NoncashContributionsAmt
Total Contributions$924,209TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (4 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
Program service levy income900099$25,573,411$25,573,411
Registry service fees900099$2,598,450$2,598,450
Grants and contracts900099$536,200$536,200
Other program income900099$345,232$345,232
FieldValueIRS element (for citing)
Total Program Service Revenue$29,053,293TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$639,158TotalRevenueColumnAmt
Exclusion$639,158ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,616,660TotalRevenueColumnAmt
Related Or Exempt Func Income$29,053,293RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$639,158ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$2,152,310TotalAmt
Program Services$2,014,813ProgramServicesAmt
Management And General$132,610ManagementAndGeneralAmt
Fundraising$4,887FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$14,809,162TotalAmt
Program Services$13,847,947ProgramServicesAmt
Management And General$925,351ManagementAndGeneralAmt
Fundraising$35,864FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$607,915TotalAmt
Program Services$578,452ProgramServicesAmt
Management And General$29,463ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$3,840,033TotalAmt
Program Services$3,653,925ProgramServicesAmt
Management And General$186,108ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$595,665TotalAmt
Program Services$566,796ProgramServicesAmt
Management And General$28,869ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$760,374TotalAmt
Program Services$563,561ProgramServicesAmt
Management And General$196,813ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,560TotalAmt
Management And General$22,560ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$5,626,212TotalAmt
Program Services$5,568,195ProgramServicesAmt
Management And General$55,887ManagementAndGeneralAmt
Fundraising$2,130FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$224,596TotalAmt
Program Services$209,571ProgramServicesAmt
Management And General$14,711ManagementAndGeneralAmt
Fundraising$314FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$400,671TotalAmt
Program Services$371,627ProgramServicesAmt
Management And General$28,472ManagementAndGeneralAmt
Fundraising$572FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$742,238TotalAmt
Program Services$562,342ProgramServicesAmt
Management And General$179,896ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$62,328TotalAmt
Program Services$46,195ProgramServicesAmt
Management And General$16,133ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$394,726TotalAmt
Program Services$355,862ProgramServicesAmt
Management And General$38,864ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$238,371TotalAmt
Program Services$197,650ProgramServicesAmt
Management And General$40,721ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$116,609TotalAmt
Program Services$86,426ProgramServicesAmt
Management And General$30,183ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$291,551TotalAmt
Program Services$216,087ProgramServicesAmt
Management And General$75,464ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
Subscriptions & dues$657,937$590,516$66,064$1,357
Credit losses provision$30,678$30,678$0$0

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$31,573,936TotalAmt
Program Services$29,460,643ProgramServicesAmt
Management And General$2,068,169ManagementAndGeneralAmt
Fundraising$45,124FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$733,816BOYAmt
EOY$2,107,558EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$22,331,034BOYAmt
EOY$20,622,846EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,489,298BOYAmt
EOY$2,357,177EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,916,842BOYAmt
EOY$1,633,164EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$583,601LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$499,365LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$192,989BOYAmt
EOY$84,236EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$28,663,979BOYAmt
EOY$26,804,981EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$4,668,463BOYAmt
EOY$3,774,241EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$7,500BOYAmt
EOY$0EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$4,675,963BOYAmt
EOY$3,774,241EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$23,988,016BOYAmt
EOY$22,743,645EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$287,095EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$23,988,016BOYAmt
EOY$23,030,740EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$28,663,979BOYAmt
EOY$26,804,981EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$957,276ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$1,522,332CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$492,748CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$16,137CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$5,000CurrentTaxYearMinus1YearAmt
Current Tax Year$924,209CurrentTaxYearAmt
Total$2,960,426TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$38,956,641CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,441,144CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$28,157,921CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$26,565,382CurrentTaxYearMinus1YearAmt
Current Tax Year$29,053,293CurrentTaxYearAmt
Total$154,174,381TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40,478,973CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$31,933,892CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$28,174,058CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$26,570,382CurrentTaxYearMinus1YearAmt
Current Tax Year$29,977,502CurrentTaxYearAmt
Total$157,134,807TotalAmt

Amounts Rcvd Dsqlfy Person AmountsRcvdDsqlfyPersonGrp

FieldValueIRS element (for citing)
Current Tax Year$85,581CurrentTaxYearAmt
Total$85,581TotalAmt

Substantial Contributors Amt SubstantialContributorsAmtGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,841,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,605,763CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,142,412CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,325,792CurrentTaxYearMinus1YearAmt
Current Tax Year$5,141,677CurrentTaxYearAmt
Total$38,056,777TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$9,841,133CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$8,605,763CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$7,142,412CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$7,325,792CurrentTaxYearMinus1YearAmt
Current Tax Year$5,227,258CurrentTaxYearAmt
Total$38,142,358TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$118,992,449PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,486CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$490,364CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,630,873CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,188,231CurrentTaxYearMinus1YearAmt
Current Tax Year$639,158CurrentTaxYearAmt
Total$3,975,112TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$26,486CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$490,364CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$1,630,873CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$1,188,231CurrentTaxYearMinus1YearAmt
Current Tax Year$639,158CurrentTaxYearAmt
Total$3,975,112TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$40,505,459CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$32,424,256CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$29,804,931CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$27,758,613CurrentTaxYearMinus1YearAmt
Current Tax Year$30,616,660CurrentTaxYearAmt
Total$161,109,919TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.73860PublicSupportCY509Pct
Public Support PY5090.74580PublicSupportPY509Pct
Investment Income CY0.02470InvestmentIncomeCYPct
Investment Income PY0.02230InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

Total Grassroots Lobbying TotalGrassrootsLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Direct Lobbying TotalDirectLobbyingGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Total Lobbying Expend TotalLobbyingExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Other Exempt Purpose Expend OtherExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$31,573,936FilingOrganizationsTotalAmt

Total Exempt Purpose Expend TotalExemptPurposeExpendGrp

FieldValueIRS element (for citing)
Filing Organizations Total$31,573,936FilingOrganizationsTotalAmt

Lobbying Nontaxable Amount LobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Filing Organizations Total$1,000,000FilingOrganizationsTotalAmt

Grassroots Nontaxable GrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Filing Organizations Total$250,000FilingOrganizationsTotalAmt

Tot Lbbyng Grassroot Mns Non Tx TotLbbyngGrassrootMnsNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Tot Lbby Expend Mns Lbbyng Non Tx TotLbbyExpendMnsLbbyngNonTxGrp

FieldValueIRS element (for citing)
Filing Organizations Total$0FilingOrganizationsTotalAmt

Avg Lobbying Nontaxable Amount AvgLobbyingNontaxableAmountGrp

FieldValueIRS element (for citing)
Current Year Minus3$1,000,000CurrentYearMinus3Amt
Current Year Minus2$1,000,000CurrentYearMinus2Amt
Current Year Minus1$1,000,000CurrentYearMinus1Amt
Current Year$1,000,000CurrentYearAmt
Total$4,000,000TotalAmt
FieldValueIRS element (for citing)
Lobbying Ceiling$6,000,000LobbyingCeilingAmt

Avg Grassroots Nontaxable AvgGrassrootsNontaxableGrp

FieldValueIRS element (for citing)
Current Year Minus3$250,000CurrentYearMinus3Amt
Current Year Minus2$250,000CurrentYearMinus2Amt
Current Year Minus1$250,000CurrentYearMinus1Amt
Current Year$250,000CurrentYearAmt
Total$1,000,000TotalAmt
FieldValueIRS element (for citing)
Grassroots Ceiling$1,500,000GrassrootsCeilingAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-AFormAndLineReferenceDesc
ExplanationA 501(h) election was filed during 2021 to be effective beginning with the 2021 tax year. Verra had no lobbying activities for tax years 2021-2025.ExplanationTxt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$583,601OtherCostOrOtherBasisAmt
Depreciation$499,365DepreciationAmt
Book Value$84,236BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$84,236TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$30,829,084TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$212,424DonatedServicesAndUseFcltsAmt
Revenue Not Reported$212,424RevenueNotReportedAmt
Revenue Subtotal$30,616,660RevenueSubtotalAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$30,616,660TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$31,786,360TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$212,424DonatedServicesUseFcltsAmt
Expenses Not Reported$212,424ExpensesNotReportedAmt
Expenses Subtotal$31,573,936ExpensesSubtotalAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$31,573,936TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X, Line 2:FormAndLineReferenceDesc
ExplanationManagement has evaluated Verra's tax positions and concluded that the financial statements do not include any uncertain tax positions.ExplanationTxt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (8 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
Central America and the Carribean05Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$677,791
East Asia and the Pacific04Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$580,301
Europe025Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$3,620,126
Middle East & North Africa01Program ServicesVCS, SDVISta, Scope 3 Standard$212,119
North America016Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$2,304,691
South America015Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$2,721,298
South Asia013Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$1,285,409
Sub-Saharan Africa010Program ServicesVCS, SDVISta, CCBS, Innovations, Plastics, Scope 3 Standard, Program Dev & Innovation$1,196,648
FieldValueIRS element (for citing)
Subtotal Offices0SubtotalOfficesCnt
Subtotal Employees89SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office0TotalOfficeCnt
Total Employee89TotalEmployeeCnt
Subtotal Spent$12,598,383SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$12,598,383TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Part I, Line 2:VERRA collects all receipts from sub grantees for expenses reported. If an audit is required at the end of a grant, the organization has provided trainings to ensure proper accounting and documentation of grant expenses. No foreign grants or subgrants were made in 2025.
Part I, line 3:Foreign expenditures are directly tracked and accounted for on the accrual method of accounting.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Written Employment ContractYes (X)WrittenEmploymentContractInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
Mandy Rambharos
Chief Executive Officer$397,636$0$0$0$1,242$0$8,000$0$2,364$0$409,242$0$0$0
Anil Vinayak
Chief Financial Officer$322,817$0$10,000$0$2,322$0$31,687$0$2,183$0$369,009$0$0$0
Joseph DellOrfano
Chief Technology Officer$316,524$0$10,000$0$2,322$0$31,417$0$8,476$0$368,739$0$0$0
Hillary Navarro
Chief Comm & Engagement Officer$251,339$0$0$0$810$0$25,651$0$5,176$0$282,976$0$0$0
Jerry Seager
Sr Director, Program Quality$212,998$0$0$0$1,950$0$21,413$0$1,134$0$237,495$0$0$0
Andrew Howard
Chief Strategy & Policy Officer$236,010$0$0$0$0$0$0$0$0$0$236,010$0$0$0
Benktesh Sharma
Sr Director, Technology Solutions$210,404$0$0$0$675$0$21,271$0$2,305$0$234,655$0$0$0
Justin Wheler
Chief Program Management Officer$210,012$0$0$0$0$0$11,113$0$7,848$0$228,973$0$0$0
Julianne Baroody
Sr Director, Certification$197,911$0$0$0$426$0$20,258$0$4,668$0$223,263$0$0$0
Barbara Davis
Director of Technology Management$184,561$0$0$0$5,029$0$18,985$0$5,288$0$213,863$0$0$0
Sinclair Vincent
Sr Director, Program Development$183,866$0$0$0$346$0$18,500$0$1,134$0$203,846$0$0$0
Candace Vinke
Chief Prog Dev & Innovation Officer$182,789$0$0$0$0$0$9,139$0$7,848$0$199,776$0$0$0

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$50,200NoncashContributionsRptF990Amt
Method Of Determining RevenuesFMVMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part I, Line 6, Volunteers:Verra utilized a number of advisory or working groups and committees to provide strategic resources to support the development and continuous development of its standards programs. These groups are comprised largely of volunteers that are experts and key stakeholders in their field from foundations, non-profits, corporate organizations, educational institutions, governnmental and multilateral organizations and Verra's board of directors. In 2025, Verra had approximately 193 volunteers helping to drive impact across Verra's programmatic areas.
Form 990, Part III, Line 4a, VCS Program: (continued)VCS Program Version 5: Verra released version 5 of the VCS Program in 2025. This updated version introduces the program's most comprehensive social and environmental safeguards and places communities at the center of climate action. It also ensures that the program enables carbon markets to maximize their intended climate benefits. Version 5 was built through extensive stakeholder engagement, including three public consultations and dialogues with leading experts and professionals. The development of this version focused on the following three core objectives: - Increasing program integrity - Enhancing program accessibility and usability - Refining the program scope for maximum impact Some of the larger changes include the introduction of market-leading initiatives, such as a pilot for innovative approaches to managing non-permanence risk and requirements that advance financial transparency and fair benefit sharing. In 2025, Verra launched the following new methodologies in the Verified Carbon Standard (VCS) Program: VCS Methodology VM0051 Improved Management in Rice Production Systems incentivizes the adoption of innovative management practices in rice production systems and will enable buyers to support the scaling of improved rice management technologies and food security while helping them meet their climate targets. VCS Methodology VM0052 Accelerated Retirement of Coal-Fired Power Plants Using a Just Transition quantifies the climate benefits of early coal plant retirement. This methodology is built around the principles of a just transition, supporting workers and communities affected by early coal plant closures by putting clear protections in place: from local job creation to energy access and essential social safeguards. The Integrity Council for the Voluntary Carbon Market (ICVCM) serves as a quasi-regulatory body for the market and has developed the Core Carbon Principles (CCPs), the industry benchmark for high-quality carbon credits. After the ICVCM approved Verra's VCS Program and three methodologies as meeting the CCPs in 2024, it announced in 2025 that the following five VCS methodologies also meet the CCPs: VM0050 Energy Efficiency and Fuel-Switch Measures in Cookstoves, v1.0 VM0047 Afforestation, Reforestation, and Revegetation, v1.1 VM0044 Biochar Utilization in Soil and Non-Soil Applications, v1.2 VM0045 Improved Forest Management Using Dynamic Matched Baselines from National Forest Inventories, v1.2 VM0042 Improved Agricultural Land Management, v2.2 CORSIA: In 2025, the VCS Program was approved for the second phase, first compliance period (2027-2029) of CORSIA. This represents an extension of previous approvals. Article 6: Together with Singapore's National Climate Change Secretariat and Gold Standard, Verra published the final version of the Article 6.2 Crediting Protocol to help operationalize carbon markets under the Paris Agreement. The protocol will enable governments to use carbon credits issued to projects registered with independent crediting standards to meet their Nationally Determined Contributions (NDCs) and sustainable development goals.
Form 990, Part III, Line 4d, Other Program Services:SD VISta Program: The Sustainable Development Verified Impact Standard (SD VISta) is a framework for assessing and reporting on the sustainable development benefits of project-based activities. It helps unlock new sources of finance to support and scale up high-impact efforts that help advance the United Nations' Sustainable Development Goals (SDGs). In 2025, we focused our efforts in the SD VISta Program around operationalizing version 1.0 of the Nature Framework. Early in the year, we welcomed applications from validation/verification bodies (VVBs) to audit Nature Framework projects. We also implemented a market-leading digital-first approach to project registration when we officially opened the formal registration process to our Nature Framework pilot projects. We closed out the year with the exciting news that the Nature Framework certification process will open to all projects on January 1, 2026. Scope 3 Standard Program: In 2024, Verra advanced work to develop a Scope 3 Standard Program which will help companies address their Scope 3 emissions. Scope 3 emissions often are most of a company's emissions and are therefore critical to reduce. The program is well-suited to drive investment and scale up in-value-chain climate action. In 2025, we took critical steps toward finalizing the Scope 3 Standard (S3S Program). We ran a public consultation on preliminary program documents to gather feedback on the clarity, comprehensiveness, and feasibility of essential program rules, concepts, and associated guidance. We also advanced the development of the program with a set of pilots to inform the refinement of program rules and the adaptation of select VCS methodologies for use at the initial launch of the S3S Program. Additionally, we successfully introduced the S3S Program sponsorship initiative and secured our first sponsorship from Bayer. Program Development and Innovation (across all programs): Verra continuously improves its organizational infrastructure and systems that underpin the operation of all its programs. This enables Verra to meet the needs and scale up the opportunities of the markets in which they operate. -Improve project review processes and client relations: Verra also took steps to further strengthen its project review processes and enhance client relations by (1) introducing updated service-level agreements (SLAs) for project review requests; the revised SLAs differentiate between request type, program(s) used, and a newly introduced complexity level factor of a given project review request, providing proponents with more specific and nuanced information about when they can expect completion of their requests; and (2) beginning to test a new prioritization process for verification approval requests in December; under this pilot, project proponents may request placement in a priority queue so that the review of their request can begin sooner. -Performance Monitoring Program for Auditors: Verra also continued to implement a Performance Monitoring Program for its validation/verification bodies (VVBs), which consists of oversight activities that enable Verra to monitor the performance of VVBs and take action based on those observations; by developing VVB performance scorecards, which are summary reports of a VVB's performance, we were able to increase the integrity of our project review process and reduce review workload in our system. -Advisory Groups and Committees: Verra convenes a number of advisory or working groups and multi-stakeholder committees that provide strategic resources to support the development of its standards programs. In 2025, Verra utilized 193 volunteers globally to do this work. -Digitalization Initiatives: Verra continued to advance its multiyear digitalization initiative in 2025. Verra's digital platforms and tools make our processes smoother, more efficient, and more accessible for users worldwide, providing enhanced support for climate and sustainability projects. Instructions and demo videos for various tools have been created and published for wider distribution. Specific initiatives to further expand Verra's digital tools included the following: 1) We announced a new, long-term digital transformation collaboration with the Hedera Foundation. Through this industry-first integration between Hedera Guardian and the Verra Project Hub, we are accelerating the development of next-generation digital tools to enhance the transparency, auditability, and integrity of methodologies and monitoring systems in the carbon markets. A five-year investment from Hedera will further accelerate the digitalization of additional methodologies and expand the capabilities of the Verra Project Hub. 2) By the end of 2025, our Digital Project Submission Tool supported 23 methodologies across multiple programs, with the digitalization of many others underway. 3) We announced a partnership with S&P Global Energy (formerly Commodity Insights) to develop a next-generation Verra Registry powered by S&P Global's Environmental Registry software. By moving toward a more scalable, interoperable, and digitally integrated infrastructure, this collaboration aims to strengthen the integrity, accessibility, and performance of the carbon markets. Integration between the registry and the Verra Project Hub will create a more connected digital ecosystem that supports efficient credit issuance, tracking, and retirement while enabling future innovation across voluntary and compliance carbon markets. 4) We are actively partnering to enable eight digital monitoring, reporting, and verification (DMRV) pilots as a critical capability for supporting high-frequency issuances and an end-to-end digital workflow. Initial credits were generated by the Foumbouni-Mitsamiouli solar farm project (Verra Project 3788) in February 2026. 5) We digitalized all project review reports (PRRs). PRRs are the main way through which Verra communicates findings resulting from project reviews with validation/verification bodies (VVBs); all PRRs are now being processed digitally through the Verra Project Hub, marking a major step toward the complete digitalization of project reviews. 6) To enable more efficient, optimized internal review processes, we have also developed a digitized project review tool used by the Verra Program Management team which was piloted by year-end with a full roll-out expected by mid-year 2026. 7) We also released a number of other digital features within the Verra Project Hub, such as the Geological Carbon Storage (GCS) Non-Permanence Risk Tool, multiple deeds of representation for use in the VCS Program, and forms for VCS requantification notifications, exemption requests, and Core Carbon Principles label requests. Throughout the year, we encouraged the use of digital versions of documents where possible, as digital submissions facilitate transparency and enable an efficient review process. 8) In support of strong security and trust standards, we completed the AICPA examination and achieved SOC 2 Type II compliance as of October 1, 2025. 9) As part of our migration to a new managed services provider offering 24/7 global support, we implemented a third-party Security Operations Center (SOC). This enhancement strengthens our security posture by providing continuous monitoring, threat detection, and incident response capabilities across our IT environment. 10) To unlock value from legacy PDF documents, we obtained an AWS grant to initiate digitization efforts, transforming unstructured content into actionable data and insights that support risk modeling for future project reviews.
Form 990, Part V, Line 2a and Part VII Section A, Line 2:Verra contracts with Globalization Partners and Atlas Technology Solutions Inc as their employers of record (EORs) for international employees. These EORs serve as the employers of record for tax, benefits, and insurance purposes for Verra's international employees. In addition to the 68 U.S. employees reported on the 2025 Form W-3, 92 international employees were employed by Verra under the global EOR arrangements in 2025. All international employees required to be listed in Part VII, Section A have been included. A total of 35 international employees are included in the Part VII, Section A, Line 2 count.
Form 990, Part VI, Section B, line 11bForm 990 is prepared by an outside CPA firm, which is reviewed in detail by CEO and CFO. Then a copy of Form 990 is electronically provided to the entire Board prior to signing and filing with the IRS.
Form 990, Part VI, Section B, line 12cThe Board acknowledges the conflict of interest policy at its annual meeting. All employees sign a conflict of interest form annually.
Form 990, Part VI, Section B, line 15The salary and bonus for the CEO is determined by the Board. The general frame for other officers or key employee salary adjustments, bonuses and any changes in fringe benefits are decided by the Board upon proposals by the CEO. The CEO is responsible for final decisions regarding all individual salary levels, salary adjustments and bonus allocations.
Form 990, Part VI, Section C, line 19The Organization's governing documents and financial statements are available to the public upon request.
Form 990, Part IX, line 11gRegistry Developers, Contractors, Consultants and other professional fees: Program service expenses 5,568,195. Management and general expenses 55,887. Fundraising expenses 2,130. Total expenses 5,626,212.
Form 990, Part XII, Line 2c:The Organization's Audit & Finance Committee is responsible for the oversight of the audit. The Audit & Finance Committee recommends an independent accountant to conduct the audit and the Board approves. The process is consistent with previous years.