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Nonprofiteer
← NEW ENERGY NEXUS ENVENTURE

Form 990 for tax year 2022

Filed by NEW ENERGY NEXUS ENVENTURE.

Totals

Total revenue
$0
Total expenses
$39,150
Contributions and grants received
$0
Grants paid
$30,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$49,468
Total liabilities, end of year
$6,955
Net assets or fund balances, end of year
$42,513
Program services expenses (Part IX)
$31,238
Management and general expenses
$7,912
Fundraising expenses
$0
Program service expenses (Part III)
$31,238

Program services were 79.8% 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.

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $30,000 · program services $30,000

  • 11c · Fees: accounting

    total $7,015 · management and general $7,015

  • 12 · Advertising and promotion

    total $366 · program services $366

  • 14 · Information technology

    total $735 · program services $735

  • 24a · Other expenses: LICENSES/TAXES/FEES

    total $600 · management and general $600

  • 24b · Other expenses: BANK FEES

    total $227 · management and general $227

  • 24c · Other expenses: POSTAGE AND DELIVERY

    total $137 · program services $137

  • 24d · Other expenses: EXCHANGE LOSS

    total $70 · management and general $70

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $68,233 · end of year $44,277

  • 4 · Accounts receivable

    beginning of year $801

  • 15 · Other assets

    beginning of year $15,059 · end of year $5,191

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,430 · end of year $6,955

  • 28 · Net assets with donor restrictions

    beginning of year $81,663 · end of year $42,513

Mission and programs · 2022

Mission

SUPPORT RURAL COOPERATIVES AND COMMUNITY-BASED ORGANIZATIONS IN UGANDAWORKING ON CLEAN ENERGY.

Activities or mission (Part I)

SUPPORT RURAL COOPERATIVES AND COMMUNITY-BASED ORGANIZATIONS IN UGANDA WORKING ON CLEAN ENERGY.

  • NEW ENERGY NEXUS ENVENTURE IS WORKING ON COMPLETING THE MERGER WITH ENVENTURE AND IS ALREADY CONTINUING THE ACTIVITIES OF ENVENTURE: SUPPORTING RURAL COOPERATIVES AND COMMUNITY-BASED ORGANIZATIONS IN UGANDA WORKING ON CLEAN ENERGY INITIATIVES. THE ACTIVITIES INCLUDEPROVIDING SEED FUNDING AND ACCELERATOR PROGRAMS TO HELP ENTREPRENEURS IN THE CLEAN ENERGY SPACE SCALE THEIR BUSINESSES IN UGANDA.

    Expenses $31,238 · Grants $30,000

As filed on the 2022 return.

Listed in Part VII

  • Ian Rogoff

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Jonathan Foster

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    1 + 6 related

  • Michel Gelobter

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Sherri Pittman Howard

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Fran Pavley

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Aneri Pradhan

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Chia-Lin Simmons

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Horst Simon

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Tom Soto

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • P Kevin Smith

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Danny Kennedy

    PRESIDENT

    Total calculated
    $249,150
    From this org
    $0
    From related orgs
    $213,208
    Other
    $35,942
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $213,208 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,942 related
    Filer's total
    $0 + $249,150 related

  • Christina Borsum

    CFO

    Total calculated
    $185,727
    From this org
    $0
    From related orgs
    $176,460
    Other
    $9,267
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,460 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,267 related
    Filer's total
    $0 + $185,727 related

  • Grace Nitafan

    CONTROLLER

    Total calculated
    $140,968
    From this org
    $0
    From related orgs
    $127,922
    Other
    $13,046
    Hours/week
    1 + 34 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

None.

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

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

No itemized grants to organizations 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.

  • CALCEF INNOVATIONS

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

    Directly controlled by CALIFORNIA CLEAN ENERGY FUND

  • 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 FUND

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349328635

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