| Form 990, Part III, line 2 |
Verra recently launched the Sustainable Development Verified Impact Standard (SD VISta for short), which will help drive finance to projects that demonstrate sustainable development benefits. SD VISta is a flexible framework for assessing and reporting on the sustainable development benefits of project-based activities, helping unlock new sources of finance to support and scale up high-impact efforts. |
| Form 990, Part VI, Section A, line 4 |
On April 18, 2018, the Organization filed Amended and Restated Articles of Incorporation with the District of Columbia changing the Organization's name from Verified Carbon Standard Association to Verra. This change has been reported to the IRS. |
| Form 990, Part VI, Section B, line 11b |
Form 990 is prepared by an outside CPA firm, which is reviewed in detail by CEO. Then a copy of Form 990 is electronically provided to the Audit Committee prior to signing and filing with the IRS. |
| Form 990, Part VI, Section B, line 12c |
The Conflict of Interest policy was reviewed and signed by Board Members at the Organization's Board Meeting in February of 2018. It was distributed electronically to any board members that were unable to attend. |
| Form 990, Part VI, Section B, line 15 |
The 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 19 |
The Organization's governing documents and financial statements are available to the public upon request. |
| Form 990, Part IX, line 11g |
Program Consultants and Contractors: Program service expenses 865,873. Management and general expenses 12,769. Fundraising expenses 0. Total expenses 878,642. Methodology Developers: Program service expenses 519,585. Management and general expenses 0. Fundraising expenses 0. Total expenses 519,585. Other consultants and professional fees: Program service expenses 3,761. Management and general expenses 13,776. Fundraising expenses 0. Total expenses 17,537. |
| Form 990, Part XII, Line 2c: |
The Organization's Audit Committee is responsible for the oversight of the audit. The Audit Committee recommends an independent accountant to conduct the audit and the Board approves. The process is consistent with previous years. |
Attach to Form 990 or 990-EZ.