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Nonprofiteer
← CLEARPATH INC

Form 990 for tax year 2022

Filed by CLEARPATH INC.

Totals

Total revenue
$12,615,651
Total expenses
$10,532,083
Contributions and grants received
$12,607,814
Grants paid
$289,000
Program service revenue
$0
Investment income
$3,451
Other revenue
$4,386
Total assets, end of year
$9,677,194
Total liabilities, end of year
$3,743,428
Net assets or fund balances, end of year
$5,933,766
Program services expenses (Part IX)
$8,499,922
Management and general expenses
$1,795,014
Fundraising expenses
$237,147
Program service expenses (Part III)
$8,499,922

Program services were 80.7% 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.

  • 1d · Related organizations

    $2,712,196

  • 1f · All other contributions, gifts and grants

    $9,895,618

  • 3 · Investment income

    total $3,451 · excluded $3,451

  • 11a · Other revenue: MISCELLANEOUS

    total $4,386 · excluded $4,386

  • 11e · Other revenue, total

    $4,386

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,000 · program services $289,000

  • 5 · Compensation of officers, directors and key employees

    total $2,016,933 · program services $1,386,978 · management and general $422,241 · fundraising $207,714

  • 7 · Other salaries and wages

    total $3,721,203 · program services $2,936,746 · management and general $778,743 · fundraising $5,714

  • 8 · Pension plan contributions

    total $161,908 · program services $141,560 · management and general $17,682 · fundraising $2,666

  • 9 · Other employee benefits

    total $178,643 · program services $145,019 · management and general $32,365 · fundraising $1,259

  • 10 · Payroll taxes

    total $341,760 · program services $259,204 · management and general $70,336 · fundraising $12,220

  • 11b · Fees: legal

    total $38,186 · management and general $38,186

  • 11c · Fees: accounting

    total $78,238 · management and general $78,238

  • 11g · Fees: other

    total $749,560 · program services $728,812 · management and general $20,748

  • 12 · Advertising and promotion

    total $50,266 · program services $50,266

  • 13 · Office expenses

    total $360,499 · program services $324,049 · management and general $36,450

  • 14 · Information technology

    total $188,507 · program services $169,656 · management and general $18,851

  • 16 · Occupancy

    total $211,127 · program services $158,976 · management and general $47,375 · fundraising $4,776

  • 17 · Travel

    total $311,564 · program services $280,408 · management and general $31,156

  • 19 · Conferences, conventions and meetings

    total $1,220,966 · program services $1,220,966

  • 22 · Depreciation, depletion and amortization

    total $94,550 · management and general $94,550

  • 23 · Insurance

    total $9,041 · management and general $9,041

  • 24a · Other expenses: MEMBERSHIPS

    total $108,141 · program services $108,141

  • 24b · Other expenses: TRAINING AND EDUCATION

    total $99,702 · program services $83,906 · management and general $15,796

  • 24c · Other expenses: DUES AND SUBS.

    total $93,344 · program services $86,878 · management and general $6,466

  • 24d · Other expenses: PAYROLL ADMIN FEES

    total $81,842 · program services $62,920 · management and general $16,124 · fundraising $2,798

  • 24e · All other expenses

    total $127,103 · program services $66,437 · management and general $60,666

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,294,779 · end of year $4,849,625

  • 4 · Accounts receivable

    beginning of year $2,651,099 · end of year $1,966,817

  • 9 · Prepaid expenses and deferred charges

    beginning of year $118,700 · end of year $276,466

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

    $916,470

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

    $193,792

  • 10c · Land, buildings and equipment, net

    beginning of year $735,170 · end of year $722,678

  • 15 · Other assets

    beginning of year $86,317 · end of year $1,861,608

  • 17 · Accounts payable and accrued expenses

    beginning of year $480,136 · end of year $1,414,861

  • 25 · Other liabilities

    beginning of year $555,731 · end of year $2,328,567

  • 27 · Net assets without donor restrictions

    beginning of year $3,520,862 · end of year $3,298,714

  • 28 · Net assets with donor restrictions

    beginning of year $329,336 · end of year $2,635,052

Mission and programs · 2022

Mission

CLEARPATH'S MISSION IS TO DEVELOP AND ADVANCE POLICIES THAT ACCELERATE INNOVATIONS TO REDUCE AND REMOVE GLOBAL ENERGY EMISSIONS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • CLEARPATH'S MISSION IS TO DEVELOP AND ADVANCE POLICIES THAT ACCELERATE INNOVATIONS TO REDUCE AND REMOVE GLOBAL ENERGY EMISSIONS. TO ADVANCE THAT MISSION, WE DEVELOP CUTTING-EDGE POLICY SOLUTIONS ON CLEAN ENERGY AND INDUSTRIAL INNOVATION. AN ENTREPRENEURIAL, STRATEGIC NONPROFIT, CLEARPATH COLLABORATES WITH PUBLIC AND PRIVATE SECTOR STAKEHOLDERS ON INNOVATIONS IN NUCLEAR ENERGY, CARBON CAPTURE, HYDROPOWER, NATURAL GAS, GEOTHERMAL, ENERGY STORAGE, AND HEAVY INDUSTRY TO ENABLE PRIVATE-SECTOR DEPLOYMENT OF CRITICAL TECHNOLOGIES.

    Expenses $8,499,922 · Grants $289,000

As filed on the 2022 return.

Listed in Part VII

  • Richard J Powell

    DIRECTOR, EXEC. DIR. TREAS

    Total calculated
    $712,181
    From this org
    $655,223
    From related orgs
    $0
    Other
    $56,958
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $655,223
    Bonus
    $0
    Other
    $0
    Deferred
    $35,750
    Nontaxable benefits
    $21,208
    Filer's total
    $712,181

  • Sloane M Carlough

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Rich Thau

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sam Mar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jeremy B Harrell

    CHIEF STRATEGY OFFICER

    Total calculated
    $489,517
    From this org
    $467,562
    From related orgs
    $0
    Other
    $21,955
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $390,115
    Bonus
    $77,447
    Other
    $0
    Deferred
    $20,428
    Nontaxable benefits
    $1,527
    Filer's total
    $489,517

  • Lucas J Bolar

    CHIEF EXTERNAL AFFAIRS OFFICER

    Total calculated
    $458,741
    From this org
    $418,139
    From related orgs
    $0
    Other
    $40,602
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $335,418
    Bonus
    $82,721
    Other
    $0
    Deferred
    $17,600
    Nontaxable benefits
    $23,002
    Filer's total
    $458,741

  • Andrea E Steiner

    CHIEF OPERATING OFFICER

    Total calculated
    $356,494
    From this org
    $317,320
    From related orgs
    $0
    Other
    $39,174
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,000
    Bonus
    $77,320
    Other
    $0
    Deferred
    $18,544
    Nontaxable benefits
    $20,630
    Filer's total
    $356,494

  • Christopher A Tomassi

    MANAGING DIRECTOR - GOVERNMENT AFFAIRS

    Total calculated
    $458,369
    From this org
    $423,494
    From related orgs
    $0
    Other
    $34,875
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $362,632
    Bonus
    $60,862
    Other
    $0
    Deferred
    $24,876
    Nontaxable benefits
    $9,999
    Filer's total
    $458,369

  • Jeffrey A Morehouse

    MANAGING DIRECTOR - GOVERNMENT AFFAIRS

    Total calculated
    $471,469
    From this org
    $438,538
    From related orgs
    $0
    Other
    $32,931
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $362,175
    Bonus
    $76,363
    Other
    $0
    Deferred
    $10,525
    Nontaxable benefits
    $22,406
    Filer's total
    $471,469

  • Colleen K Moss

    SENIOR DIRECTOR - GOVERNMENT AFFAIRS

    Total calculated
    $285,540
    From this org
    $273,897
    From related orgs
    $0
    Other
    $11,643
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,945
    Bonus
    $43,952
    Other
    $0
    Deferred
    $10,766
    Nontaxable benefits
    $877
    Filer's total
    $285,540

  • Nicholas R McMurray

    MANAGING DIRECTOR - PUBLIC POLICY

    Total calculated
    $289,063
    From this org
    $260,969
    From related orgs
    $0
    Other
    $28,094
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $219,983
    Bonus
    $40,986
    Other
    $0
    Deferred
    $11,937
    Nontaxable benefits
    $16,157
    Filer's total
    $289,063

  • Spencer Nelson

    MANAGING DIRECTOR - RESEARCH AND NEW INITIATIVES

    Total calculated
    $257,593
    From this org
    $233,813
    From related orgs
    $0
    Other
    $23,780
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $38,813
    Other
    $0
    Deferred
    $14,926
    Nontaxable benefits
    $8,854
    Filer's total
    $257,593

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

  • 1a · First-class or charter travel
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 7 · Other non-fixed payments

Answered no

  • 1b · Written policy on the line-1a expenses
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
FIRST-CLASS TRAVEL WAS REIMBURSED TO ALEXANDER FITZSIMMONS FOR TWO LONG-HAUL FLIGHTS.
PART I, LINE 1B
NO. A WRITTEN POLICY WAS ESTABLISHED AT THE END OF 2022, WHICH ALL EMPLOYEES HAVE SINCE ACKNOWLEDGED.
PART I, LINE 7
DURING 2022, THE FOLLOWING INDIVIDUALS RECEIVED BONUS COMPENSATION: JEREMY B. HARRELL $ 77,447 JEFFREY A. MOREHOUSE $ 76,363 LUCAS J. BOLAR $ 82,721 CHRISTOPHER A. TOMASSI $ 60,862 ANDREA E. STEINER $ 77,320 NICHOLAS R. MCMURRAY $ 40,986 COLLEEN K. MOSS $ 43,952 SPENCER NELSON $ 38,813

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

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.

  • 2040 FOUNDATION

    501(C)(3) · ACCELERATE AMERICA'S CLEAN ENERGY FUTURE WITH CONSERVATIVE SOLUTIONS · NC

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202303079349302075

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