2024-11-15T11:37:42-06:00 2023-12-31 873231666 PKF O'CONNOR DAVIES ADVISORY LLC 245 PARK AVENUE 12TH FLOOR NEW YORK NY 10167 990 2023-05-25 932878604 ALLIED CLIMATE PARTNERS INC ALLI 2123096817 712 FIFTH AVENUE 47 NEW YORK NY 10019 AHMED SAEED CHIEF EXECUTIVE OFFICER 2123096817 2024-11-15 1 1 GARRETT M HIGGINS P00543209 2122862600 2024-11-15 2023 2024-10-15 13:58:12Z X AHMED SAEED 712 FIFTH AVENUE 47 NEW YORK NY 10019 7800000 0 X WWW.ALLIEDCLIMATE.ORG X 2023 DE USING INNOVATIVE FINANCING MECHANISMS TO INCREASE THE FLOW OF PHILANTHROPIC CATALYTIC CAPITAL TO CLIMATE-RELATED PROJECTS AND BUSINESSES IN EMERGING MARKETS AND DEVELOPING ECONOMIES THAT WILL HAVE A SIGNIFICANT IMPACT ON THE ADVERSE EFFECTS OF CLIMATE CHANGE AND ENHANCE THE ABILITY OF VULNERABLE AND AT-RISK COMMUNITIES TO EFFECTIVELY MANAGE CLIMATE RISK, PROMOTE CLIMATE RESILIENCY, AND SUPPORT ECONOMIC DEVELOPMENT. 3 3 1 10 0 0 7800000 0 0 0 7800000 0 0 205840 0 0 566208 772048 7027952 7228465 200513 7027952 X 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. 0 0 544973 0 0 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. 544973 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 6 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 0 0 X JENNIFER JIAN 2125542582 712 FIFTH AVENUE FLOOR 47 NEW YORK NY 10019 MARK GALLOGLY DIRECTOR AND CHAIR 10.00 X X 0 0 0 WILLIAM R BAKER DIRECTOR 0.50 X 0 0 0 TONY CURNES DIRECTOR 0.50 X 0 0 0 AHMED SAEED CHIEF EXECUTIVE OFFICER EFF. 9/2023 40.00 X 189583 0 2348 MIMI ALEMAYEHOU INTERIM CEO THRU 9/2023 40.00 X 0 0 0 TAYLOR RAY SECRETARY 1.50 X 0 0 0 DANIEL HULLAH TREASURER 1.50 X 0 0 0 189583 0 2348 1 0 1 0 MORGAN LEWIS & BOCKIUS LLP 1701 MARKET STREET PHILADELPHIA PA 19103 LEGAL SERVICES 287492 1 7800000 7800000 7800000 0 0 0 X 191931 153544 38387 13909 11127 2782 297558 236254 61304 2506 2506 125844 75000 50844 62068 62068 749 749 8435 8435 66048 66048 3000 3000 772048 544973 227075 0 0 2091707 0 5000000 0 136758 0 7228465 0 200513 0 200513 X 0 7027952 0 7027952 0 7228465 7027952 0 X 0 0 0 X 7800000 7800000 7800000 7800000 2438000 5362000 7800000 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION IS REPORTING A SHORT YEAR IN COLUMN (E) 2023 FOR ITS INITIAL YEAR STARTING MAY 25, 2023. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED EUROPE (INCLUDING ICELAND & GREENLAND) 0 2 PROGRAM SERVICES PROGRAM RELATED SERVICES 75000 0 2 0 0 0 2 75000 0 75000 0 0 0 0 0 0 PART I, LINE 3: THE ORGANIZATION USES THE ACCRUAL METHOD TO ACCOUNT FOR EXPENDITURES. X X X 0 0 0 0 0 0 0 0 0 AHMED SAEED CHIEF EXECUTIVE OFFICER EFF. 9/2023 189583 0 0 0 0 0 0 0 2348 0 191931 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 CHIEF EXECUTIVE OFFICER AHMED SAEED AND CHAIRMAN MARK GALLOGLY HAVE A BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 8B THE ORGANIZATION'S BOARD OF DIRECTORS HAD NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM. ONCE THE FORM 990 IS COMPLETED, IT IS REVIEWED BY THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER AND DIRECTOR OF FINANCE AND OPERATIONS AND DISCUSSIONS TAKE PLACE WITH THE TAX PREPARER REGARDING ANY QUESTIONS BEFORE IT IS FINALIZED. FORM 990, PART VI, SECTION B, LINE 12C ALLIED CLIMATE PARTNERS, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL DIRECTORS AND OFFICERS ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE BOARD SECRETARY WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT EXISTS, THE BOARD OR COMMITTEE WILL INFORM THE MEMBER OF THE BASIS OF SUCH BELIEF AND AFFORD THE MEMBER AN OPPORTUNITY TO RESPOND. THE BOARD OR COMMITTEE WILL DISCLOSE THE CONFLICT OF INTEREST AND HOW THE CONFLICT WAS HANDLED. THE PERSON WITH THE ACTUAL CONFLICT OF INTEREST WILL BE PROHIBITED FROM VOTING ON THE MATTER THAT GIVES RISE TO THE CONFLICT. IF THERE HAS BEEN SUBSTANTIAL AND REPEATED FAILURES TO DISCLOSE ACTUAL CONFLICTS OF INTEREST, THE BOARD MAY TAKE APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION, INCLUDING REMOVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION CONSULTANT WAS HIRED IN 2023 TO REVIEW AND ESTABLISH THE CHIEF EXECUTIVE OFFICER'S COMPENSATION. THE CONSULTANT CONDUCTED A STUDY OF SIMILAR SIZE ORGANIZATIONS TO DETERMINE A REASONABLE COMPENSATION TOTAL FOR THE CEO. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G OUTSIDE CONSULTANTS: PROGRAM SERVICE EXPENSES 75,000. MANAGEMENT AND GENERAL EXPENSES 37,500. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 112,500. PAYROLL PROCESSING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 391. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 391. HR RELATED EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 12,953. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,953. FORM 990, PART I, QUESTION 5, AND PART V, QUESTION 2A: THE ORGANIZATION CONTRACTED WITH A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) FOR SERVICES, INCLUDING BUT NOT LIMITED TO, PAYROLL, TIMEKEEPING, EMPLOYEE BENEFITS, HR ADMINISTRATION AND WORKFORCE REGULATORY COMPLIANCE NEEDS. AS THE EMPLOYER OF RECORD FOR TAX PURPOSES, FORMS W-2 AND W-3 ARE ISSUED BY THE PEO AND FILED UNDER THE PEO'S FEDERAL EIN. IN THIS CO-EMPLOYMENT ARRANGEMENT, THE ORGANIZATION IS THE COMMON LAW EMPLOYER AND, ACCORDINGLY, COMPENSATION IS REPORTED ON FORM 990, PART VII, SECTION A AND PART IX, LINES 5-10. 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