Form 990 for tax year 2022

What the amendment changed

Compared with the latest return for 2022 , filed 4 December 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue

$2,758,210 →changed to $2,807,519

Total expenses

$4,154,179 →changed to $2,742,111

Contributions and grants received

$2,101,561 →changed to $2,151,751

Grants paid

$1,462,125 →changed to $0

Other revenue

$4,800 →changed to $3,919

Total assets, end of year

$4,958,364 →changed to $5,228,765

Total liabilities, end of year

$2,386,072 →changed to $2,659,525

Net assets or fund balances, end of year

$2,572,292 →changed to $2,569,240

Program services expenses

$3,454,195 →changed to $2,150,933

Management and general expenses

$699,984 →changed to $591,178

Program service expenses (Part III)

$3,454,195 →changed to $2,150,933

Totals

Total revenue

$2,758,210

Total expenses

$4,154,179

Contributions and grants received

$2,101,561

Grants paid

$1,462,125

Program service revenue

$651,813

Investment income

$36

Other revenue

$4,800

Total assets, end of year

$4,958,364

Total liabilities, end of year

$2,386,072

Net assets or fund balances, end of year

$2,572,292

Program services expenses (Part IX)

$3,454,195

Management and general expenses

$699,984

Fundraising expenses

$0

Program service expenses (Part III)

$3,454,195

Program services were 83.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• CONTINUOUS PROGRAM DELIVERY OF THE CALIFORNIA SUSTAINABLE ENERGY ENTREPRENEUR DEVELOPMENT (CALSEED) PROGRAM WITH THE GOAL OF AWARDING UP TO $66M IN GRANTS TO A DIVERSE POOL OF SUSTAINABLE ENERGY ENTREPRENEURS. THE PROGRAM WAS LAUNCHED IN 2016 AND IS EXPECTED TO CONTINUE THROUGH AT LEAST 2027. ALTHOUGH THE PROGRAM IS OPEN TO ALL WHO QUALIFY, WOMEN AND PEOPLE OF COLOR ARE ESPECIALLY ENCOURAGED TO APPLY. THE PROGRAM IS LED BY THE CALIFORNIA CLEAN ENERGY FUND (UNDER NEWENERGY NEXUS BRANDING)IN PARTNERSHIP WITH PROGRAM PARTNERS TO PROVIDE NOT ONLY GRANT FUNDS PROVIDED BY THE CALIFORNIA ENERGY COMMISSION BUT ALSO BUSINESS COACHING AND INTRODUCTIONS TO CLEAN ENERGY INVESTORS AND COMMERCIALIZATION PARTNERS.

  Expenses $2,695,961 · Grants $1,462,125

• SOLICITED AND CONTRACTED THE SECOND PROGRAM COHORT OF 16 ENTREPRENEURS INTO THE CALTESTBED PROGRAM, WHILE PROVIDING TECHNOLOGY TESTING SERVICES FOR THE FIRST COHORT OF 25 ENTREPRENEURS THROUGH LAB PARTNERS. CALTESTBED PROVIDES VOUCHERS TO CALIFORNIA CLEAN ENERGY ENTREPRENEURS READY TO TEST THEIR INNOVATIONS IN TESTBED FACILITIES ACROSS THE STATE. THE PROGRAM, FUNDED THROUGH A GRANT BY THE CALIFORNIA ENERGY COMMISSION, ENDEAVORS TO EXPEDITE CLEAN ENERGY INNOVATORS' PATHWAY TO COMMERCIALIZATION. IN ADDITION TO TESTING VOUCHERS THE PROGRAM PROVIDES STRONG NETWORK CONNECTIONS TO PILOT CUSTOMERS AND INVESTORS.

  Expenses $402,685

• PROVIDED CURRICULUM AND PROGRAM OPERATIONS EXPERTISE TO 3RD DERIVATIVE, A COLLABORATION WITH ROCKY MOUNTAIN INSTITUTE. 3RD DERIVATIVE IS AN INTEGRATED PROGRAM FOR INNOVATIVE START-UPS POSITIONED TO BE PART OF THE SOLUTION FOR THE CLIMATE CRISIS CHALLENGE. THE PROGRAM COMBINES A VIRTUAL ACCELERATOR, COMMITTED VENTURE CAPITAL, A CURATED ECOSYSTEM OF GLOBAL CORPORATIONS, AND MARKET, REGULATORY AND POLICY INSIGHTS.

  Expenses $286,957 · Revenue $600,000

• Expenses $68,592 · Revenue $56,613

As filed on the 2022 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

• CALCEF CATALYST

  $1,462,125

  FORGIVENESS ON LOAN

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• CALCEF INNOVATIONS

  501(C)(3) · GROW CLEAN ENERGY MARKETS AND ACCELERATE EQUITABLE CLEAN ENERGY ADOPTION · CA · controlled entity

  Directly controlled by CALIFORNIA CLEAN ENERGY FUND

• CALCEF CATALYST

  501(C)(6) · PROMOTE CLEAN ENERGY IN CALIFORNIA AND DEVELOP PRIVATE SECTOR LEADERSHIP · CA · controlled entity

  Directly controlled by CALIFORNIA CLEAN ENERGY FUND

• NEW ENERGY NEXUS ENVENTURE

  501(C)(3) · SUPPORT SOCIAL ENTERPRISES ENGAGED IN THE DISTRIBUTION OF CLEAN ENERGY PRODU · CA · controlled entity

  Directly controlled by CALCEF INNOVATIONS

Provenance

Return type

form_990

Tax year

2022

Filed

14 November 2023

IRS schema version

2022v5.0

Source object

202333199349314808

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