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Nonprofiteer
← BREAKTHROUGH ENERGY CATALYST FOUNDATION

Form 990 for tax year 2022

Filed by BREAKTHROUGH ENERGY CATALYST FOUNDATION.

Totals

Total revenue
$358,545,515
Total expenses
$3,160,591
Contributions and grants received
$356,182,326
Grants paid
$0
Program service revenue
$0
Investment income
$2,349,730
Other revenue
$13,459
Total assets, end of year
$452,252,817
Total liabilities, end of year
$654,451
Net assets or fund balances, end of year
$451,598,366
Program services expenses (Part IX)
$2,391,128
Management and general expenses
$769,463
Fundraising expenses
$0
Program service expenses (Part III)
$2,391,128

Program services were 75.7% 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.

  • 1f · All other contributions, gifts and grants

    $356,182,326

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,349,730 · excluded $2,349,730

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11a · Other revenue: CURRENCY RE-EVALUATION GAIN

    total $13,459 · excluded $13,459

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $13,459

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,745,788 · program services $1,037,458 · management and general $708,330

  • 11c · Fees: accounting

    total $40,608 · management and general $40,608

  • 11g · Fees: other

    total $1,152,350 · program services $1,137,350 · management and general $15,000 · fundraising $0

  • 13 · Office expenses

    total $5,225 · management and general $5,225

  • 24a · Other expenses: Membership dues

    total $216,320 · program services $216,320

  • 24b · Other expenses: BUSINESS LICENSE & REGISTRATION

    total $300 · management and general $300

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $93,875,421 · end of year $15,931,783

  • 2 · Savings and temporary cash investments

    beginning of year $2,667,918 · end of year $158,323,815

  • 3 · Pledges and grants receivable

    end of year $276,182,326

  • 4 · Accounts receivable

    end of year $1,814,893

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    end of year $0

  • 8 · Inventories for sale or use

    end of year $0

  • 9 · Prepaid expenses and deferred charges

    end of year $0

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

    $0

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $329,897 · end of year $654,451

  • 18 · Grants payable

    end of year $0

  • 19 · Deferred revenue

    end of year $0

  • 20 · Tax-exempt bond liabilities

    end of year $0

  • 21 · Escrow or custodial account liability

    end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    end of year $0

  • 24 · Unsecured notes and loans payable

    end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $96,213,442 · end of year $175,416,040

  • 28 · Net assets with donor restrictions

    end of year $276,182,326

Mission and programs · 2022

Mission

BREAKTHROUGH ENERGY CATALYST FOUNDATION FUNDS THE CRITICAL DEVELOPMENT AND DEMONSTRATION PHASES OF NEW EMISSIONS-REDUCTION TECHNOLOGIES TO HELP TRANSFORM RESEARCH-STAGE INNOVATION INTO REAL-WORLD IMPACT, PRODUCING SIGNIFICANT AND MEASURABLE REDUCTIONS IN GREENHOUSE GAS EMISSIONS.

Activities or mission (Part I)

Breakthrough Energy is accelerating transformation bysupporting cutting-edge research and development,investing in companies that (CONTINUED ON SCHEDULE O)

  • THE FOUNDATION SUPPORTS HIGH-POTENTIAL DEMONSTRATION PROJECTS AND EARLY ADOPTION OF TRANSFORMATIONAL EMISSIONS REDUCTION TECHNOLOGIES BY PROVIDING FUNDING FOR FIRST-OF-A-KIND CLIAMTE PROJECTS AT CRITICAL PHASES IN THEIR DEVELOPMENT. TO DATE, THE FOUNDATION FOCUSES ON FUNDING THE DEVELOPMENT AND DEMONSTRATION OF FOUR SPECIFIC AREAS: -SUSTAINABLE AVIATION FUEL -CLEAN HYDROGEN -DIRECT AIR CAPTURE -LONG DURATION ENERGY STORAGE

    Expenses $2,391,128

As filed on the 2022 return.

Listed in Part VII

  • Jonah Goldman

    MANAGING DIRECTOR -THRU 5/22

    Total calculated
    $0
    Hours/week
    15 + 2 related

  • Rodi Guidero

    MANAGING DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 3 related

  • Greg Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • Cindy Leeper

    SECRETARY & TREASURER

    Total calculated
    $0
    Hours/week
    8 + 7 related

  • Michael Boots

    EVP

    Total calculated
    $0
    Hours/week
    1 + 6 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.

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.

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.

  • Breakthrough Energy Catalyst GP LLC

    General Partner to further BE Catalyst Foundation's interests in project opportunities. · DE · income $0 · assets $0

    Directly controlled by Breakthrough Energy Catalyst Foundation

Related corporations and trusts

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

  • BREAKTHROUGH ENERGY CATALYST EUROPE SARL

    C Corporation · FINANCIAL VEHICLE · LU · 100% owned · share of income -$803 · share of assets $18,228 · controlled entity

    Directly controlled by BREAKTHROUGH ENERGY CATALYST FOUNDATION

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349325896

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