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← CALCEF INNOVATIONS

Form 990 for tax year 2023

Filed by CALCEF INNOVATIONS.

Totals

Total revenue
$16,502,184
Total expenses
$11,688,407
Contributions and grants received
$15,808,402
Grants paid
$695,033
Program service revenue
$465,380
Investment income
$227,899
Other revenue
$503
Total assets, end of year
$23,001,145
Total liabilities, end of year
$2,035,988
Net assets or fund balances, end of year
$20,965,157
Program services expenses (Part IX)
$9,513,627
Management and general expenses
$1,595,609
Fundraising expenses
$579,171
Program service expenses (Part III)
$9,513,627

Program services were 81.4% 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.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,680,973

  • 1f · All other contributions, gifts and grants

    $13,127,429

  • 2a · Program service revenue: PROGRAM AND ADVISORY SERVICES

    total $465,380 · related or exempt $465,380

  • 3 · Investment income

    total $227,899 · excluded $227,899

  • 11a · Other revenue: OTHER INCOME

    total $503 · excluded $503

  • 11e · Other revenue, total

    $503

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $658,000 · program services $658,000

  • 3 · Grants to foreign organizations and individuals

    total $37,033 · program services $37,033

  • 5 · Compensation of officers, directors and key employees

    total $410,879 · program services $288,754 · management and general $78,736 · fundraising $43,389

  • 7 · Other salaries and wages

    total $3,637,564 · program services $2,532,986 · management and general $719,033 · fundraising $385,545

  • 8 · Pension plan contributions

    total $42,377 · program services $42,377

  • 9 · Other employee benefits

    total $521,295 · program services $405,696 · management and general $62,931 · fundraising $52,668

  • 10 · Payroll taxes

    total $210,063 · program services $156,302 · management and general $28,498 · fundraising $25,263

  • 11b · Fees: legal

    total $85,080 · program services $72,882 · management and general $12,198

  • 11c · Fees: accounting

    total $191,920 · program services $75,766 · management and general $116,154

  • 11g · Fees: other

    total $3,778,696 · program services $3,568,697 · management and general $206,768 · fundraising $3,231

  • 12 · Advertising and promotion

    total $7,769 · program services $7,711 · fundraising $58

  • 13 · Office expenses

    total $27,811 · program services $19,764 · management and general $7,816 · fundraising $231

  • 14 · Information technology

    total $207,409 · program services $68,351 · management and general $137,487 · fundraising $1,571

  • 16 · Occupancy

    total $166,150 · program services $79,845 · management and general $86,305

  • 17 · Travel

    total $361,366 · program services $257,845 · management and general $46,255 · fundraising $57,266

  • 19 · Conferences, conventions and meetings

    total $314,887 · program services $289,096 · management and general $18,812 · fundraising $6,979

  • 22 · Depreciation, depletion and amortization

    total $3,967 · management and general $3,967

  • 23 · Insurance

    total $23,653 · program services $7,170 · management and general $16,483

  • 24a · Other expenses: FISCAL SPONSORSHIPS

    total $727,306 · program services $727,306

  • 24b · Other expenses: PUBLIC RELATIONS

    total $115,683 · program services $115,038 · management and general $645

  • 24c · Other expenses: WEBSITE

    total $55,042 · program services $48,567 · management and general $6,475

  • 24d · Other expenses: LICENSE/TAXES/FEES

    total $29,891 · program services $18,265 · management and general $10,676 · fundraising $950

  • 24e · All other expenses

    total $74,566 · program services $36,176 · management and general $36,370 · fundraising $2,020

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,595,525 · end of year $3,367,526

  • 2 · Savings and temporary cash investments

    beginning of year $4,439,698 · end of year $3,771,490

  • 3 · Pledges and grants receivable

    beginning of year $2,595,355 · end of year $2,904,608

  • 4 · Accounts receivable

    beginning of year $163,935 · end of year $2,697,365

  • 9 · Prepaid expenses and deferred charges

    beginning of year $146,255 · end of year $122,946

  • 10a · Land, buildings and equipment: cost or other basis

    $1,905

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,905

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $8,545,289 · end of year $9,867,185

  • 15 · Other assets

    beginning of year $217,753 · end of year $270,025

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,321,519 · end of year $1,452,197

  • 19 · Deferred revenue

    beginning of year $76,629 · end of year $146,381

  • 25 · Other liabilities

    beginning of year $347,525 · end of year $437,410

  • 27 · Net assets without donor restrictions

    beginning of year $5,033,695 · end of year $10,226,403

  • 28 · Net assets with donor restrictions

    beginning of year $11,924,442 · end of year $10,738,754

Mission and programs · 2023

Mission

OPTIMIZING THE CLEAN ENERGY TRANSITION - 100%+ CLEAN ENERGY ECONOMY FOR THE 100%.

Activities or mission (Part I)

GROW CLEAN ENERGY MARKETS AND ACCELERATE ADOPTION OF CLEAN ENERGY TECHNOLOGY IN EQUITABLE MANNER.

  • CALCEF INNOVATIONS CONTINUED, UNDER THE BRAND NAME NEW ENERGY NEXUS, A DIVERSE GLOBAL NETWORK OF CLEAN ENERGY INCUBATORS AND ACCELERATORS, WHICH INCLUDED DEEP ENGAGEMENT WITH CLEAN ENERGY ENTREPRENEURS IN VARIOUS STAGES OF TECHNICAL AND MARKET READINESS IN INDONESIA, VIETNAM, PHILIPPINES, THAILAND AND CHINA AS WELL AS NEW YORK STATE.

    Expenses $6,627,540 · Grants $695,033 · Revenue $452,236

  • CALCEF INNOVATIONS FISCALLY SPONSORED SEVERAL PROJECTS THAT ARE CLOSELY MISSION-ALIGNED, SUCH AS ENERGY PEACE PARTNERS, NAVAJO POWER, AND PRE-DEVELOPMENT INTO RENEWABLE BIOMASS ENERGY PROJECTS.

    Expenses $1,725,067 · Revenue $13,144

  • CALCEF INNOVATIONS CONDUCTED MANY EDUCATIONAL EVENTS TO BRING TOGETHER STAKEHOLDERS OF THE CLEAN ENERGY SYSTEM TO ACCELERATE THE CLEAN ENERGY TRANSITION. THIS INCLUDED SIGNIFICANT EXPLORATION ON THE VIABILITY OF COMMUNITY-BASED INVESTMENTS INTO CLEAN ENERGY AND ECOSYSTEMS IN CALIFORNIA.

    Expenses $1,161,020

As filed on the 2023 return.

Listed in Part VII

  • IAN ROGOFF

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    3 + 4 related

  • JON FOSTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3 + 4 related

  • MICHEL GELOBTER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • SHERRI PITTMAN HOWARD TO 121623

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • CHIA-LIN SIMMONS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • HORST SIMON RESIGNED TO 4323

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • P KEVIN SMITH TO 4323

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • DANNY KENNEDY

    EXECUTIVE DIRECTOR

    Total calculated
    $260,390
    From this org
    $0
    From related orgs
    $221,950
    Other
    $38,440
    Hours/week
    19.44 + 20.56 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,950 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,440 related
    Filer's total
    $0 + $260,390 related

  • CHRISTINA BORSUM

    CFO

    Total calculated
    $193,281
    From this org
    $0
    From related orgs
    $183,695
    Other
    $9,586
    Hours/week
    21.46 + 18.54 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,695 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,586 related
    Filer's total
    $0 + $193,281 related

  • REBECCA LEE

    MANAGING DIRECTOR OF CA

    Total calculated
    $157,500
    From this org
    $0
    From related orgs
    $157,500
    Other
    $0
    Hours/week
    6.62 + 33.37 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $157,500 related

  • ELIZABETH ANDREWS

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $168,898
    From this org
    $0
    From related orgs
    $160,483
    Other
    $8,415
    Hours/week
    40.06

    Schedule J breakdown matched by us

    Base
    $0 + $160,483 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $8,415 related
    Filer's total
    $0 + $168,898 related

  • GRACE NITAFAN

    CONTROLLER

    Total calculated
    $169,379
    From this org
    $0
    From related orgs
    $155,722
    Other
    $13,657
    Hours/week
    20.55 + 15.45 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,722 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,657 related
    Filer's total
    $0 + $169,379 related

  • TRISTAN TREMSCHNIG

    COMMUNICATIONS DIRECTOR

    Total calculated
    $145,420
    From this org
    $0
    From related orgs
    $138,496
    Other
    $6,924
    Hours/week
    17.98 + 21.83 related

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

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION USES A COMPENSATION COMMITTEE, AN IDENPENDENT COMPENSATION CONSULTANT, WTITTEN EMPLOYEMENT CONTRACTOR, AND APPROVAL BY THE BOARD OR COMPENSATION COMITTEE TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR.

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

  • AMALGAMATED CHARITABLE FOUNDATION INC

    $643,000

    GENERAL SUPPORT

  • UC SANTA CRUZ FOUNDATION

    $15,000

    GENERAL SUPPORT

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.

  • CALIFORNIA CLEAN ENERGY FUND DBA CALCEF VENTURES

    501(C)(4) · MANAGE FUNDS TO ADDRESS CRITICAL GAPS IN THE CLEAN ENERGY MARKETPLACE · CA

  • CALCEF CATALYST

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

    Directly controlled by CALIFORNIA CLEAN ENERGY

  • NEW ENERGY NEXUS ENVENTURE

    501(C)(3) · SUPPORT SOCIAL ENTERPRISES THAT DISTRIBUTE CLEAN ENERGY PRODUCTS · CA · controlled entity

    Directly controlled by CALCEF INNOVATIONS

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • NEW ENERGY NEXUS NEW YORK

    SUPPORT DEVERSE CLEAN ENERGY ENTREPRENEURS IN NEW YORK · NY · income $5,628,839 · assets $4,282,852

    Directly controlled by CALCEF INNOVATIONS

  • ENERGY PEACE PARTNERS LLC

    TO PROMOTE, SUPPORT & FACILIATE THE DEVELOPMENT OF RENEWABLE ENERGY PROJECTS · DE · income $530,597 · assets $20,000

    Directly controlled by CALCEF INNOVATIONS

  • NEW ENERGY NEXUS ASIA LLC

    SUPPORT DIVERSE CLEAN ENERGY ENTREPRENEURS IN SOUTH EAST ASIA · DE · income $2,332,212 · assets $4,844,182

    Directly controlled by CALCEF INNOVATIONS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • NEW ENERGY NEXUS (INDONESIA 1) PTE LTD

    INVESTMENT HOLDING COMPANY · SN · 100% owned · share of income $245,403 · share of assets $2,566,646 · controlled entity

    Directly controlled by NEW ENERGY NEXUS ASIA PTE LTD

  • NEW ENERGY NEXUS ASIA PTE LTD

    HOLDING COMPANY · SN · 100% owned · share of income -$22,439 · share of assets $1,073,621 · controlled entity

    Directly controlled by NEW ENERGY NEXUS ASIA PTE LTD

  • NEW ENERGY NEXUS SHANGHAI LTD

    BUSINESS CONSULTING FOR RENEWABLE ENERGY · CH · 100% owned · share of income $1,235,379 · share of assets $650,328 · controlled entity

    Directly controlled by NEW ENERGY NEXUS ASIA LLC

  • NEW ENERGY NEXUS VENTURES PTE LTD

    INVESTMENT MANAGEMENT COMPANY · SN · 100% owned · share of income $504,536 · share of assets $1,257,255 · controlled entity

    Directly controlled by NEW ENERGY NEXUS ASIA LLC

  • NEW ENERGY NEXUS VIETNAM LLC

    CONSULTING FOR ENTREPRENEURSHIP · VM · 100% owned · share of income $183,837 · share of assets $78,451 · controlled entity

    Directly controlled by NEW ENERGY NEXUS ASIA LLC

  • PT NEW ENERGY NEXUS INDONESIA

    CONSULTING FOR ENTREPRENEURSHIP IN SUSTAINABILITY SECTOR · ID · 89% owned · share of income $1,085,569 · share of assets $900,470 · controlled entity

    Directly controlled by NEW ENERGY NEXUS ASIA LLC

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349329061

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