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Nonprofiteer
← CLEARPATH INC

Form 990 for tax year 2023

Filed by CLEARPATH INC.

Totals

Total revenue
$11,234,840
Total expenses
$12,566,901
Contributions and grants received
$11,161,300
Grants paid
$1,115,725
Program service revenue
$0
Investment income
$62,478
Other revenue
$11,062
Total assets, end of year
$7,553,931
Total liabilities, end of year
$2,951,727
Net assets or fund balances, end of year
$4,602,204
Program services expenses (Part IX)
$10,209,543
Management and general expenses
$1,935,046
Fundraising expenses
$422,312
Program service expenses (Part III)
$10,209,543

Program services were 81.2% 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

    $1,320,009

  • 1f · All other contributions, gifts and grants

    $9,841,291

  • 3 · Investment income

    total $62,478 · excluded $62,478

  • 11a · Other revenue: MISCELLANEOUS

    total $10,992 · excluded $10,992

  • 11b · Other revenue: GAIN/(LOSS) ON FX

    total $70 · excluded $70

  • 11e · Other revenue, total

    $11,062

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,115,725 · program services $1,115,725

  • 5 · Compensation of officers, directors and key employees

    total $2,336,028 · program services $1,600,274 · management and general $537,821 · fundraising $197,933

  • 7 · Other salaries and wages

    total $3,790,205 · program services $3,116,978 · management and general $495,314 · fundraising $177,913

  • 8 · Pension plan contributions

    total $141,651 · program services $125,855 · management and general $12,615 · fundraising $3,181

  • 9 · Other employee benefits

    total $277,027 · program services $225,634 · management and general $37,381 · fundraising $14,012

  • 10 · Payroll taxes

    total $357,807 · program services $277,106 · management and general $59,214 · fundraising $21,487

  • 11b · Fees: legal

    total $65,426 · management and general $65,426

  • 11c · Fees: accounting

    total $124,206 · management and general $124,206

  • 11g · Fees: other

    total $687,782 · program services $578,116 · management and general $109,666

  • 12 · Advertising and promotion

    total $60,829 · program services $60,829

  • 13 · Office expenses

    total $603,106 · program services $542,467 · management and general $60,639

  • 14 · Information technology

    total $187,520 · program services $168,768 · management and general $18,752

  • 16 · Occupancy

    total $299,494 · program services $213,025 · management and general $78,683 · fundraising $7,786

  • 17 · Travel

    total $406,294 · program services $365,666 · management and general $40,628

  • 19 · Conferences, conventions and meetings

    total $1,305,763 · program services $1,305,763

  • 22 · Depreciation, depletion and amortization

    total $105,235 · management and general $105,235

  • 23 · Insurance

    total $10,454 · management and general $10,454

  • 24a · Other expenses: MEMBERSHIPS

    total $200,813 · program services $200,813

  • 24b · Other expenses: RECRUITING

    total $123,682 · program services $78,940 · management and general $44,742

  • 24c · Other expenses: TRAINING AND EDUCATION

    total $110,166 · program services $92,827 · management and general $17,339

  • 24d · Other expenses: PAYROLL ADMIN FEES

    total $94,904 · management and general $94,904

  • 24e · All other expenses

    total $162,784 · program services $140,757 · management and general $22,027

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,849,625 · end of year $2,939,822

  • 4 · Accounts receivable

    beginning of year $1,966,817 · end of year $1,854,006

  • 9 · Prepaid expenses and deferred charges

    beginning of year $276,466 · end of year $313,847

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

    $991,143

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

    $299,027

  • 10c · Land, buildings and equipment, net

    beginning of year $722,678 · end of year $692,116

  • 15 · Other assets

    beginning of year $1,861,608 · end of year $1,754,140

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,414,861 · end of year $764,098

  • 25 · Other liabilities

    beginning of year $2,328,567 · end of year $2,187,629

  • 27 · Net assets without donor restrictions

    beginning of year $3,298,714 · end of year $2,482,843

  • 28 · Net assets with donor restrictions

    beginning of year $2,635,052 · end of year $2,119,361

Mission and programs · 2023

Mission

CLEARPATH'S MISSION IS TO ACCELERATE AMERICAN INNOVATION TO REDUCE GLOBAL ENERGY EMISSIONS.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • CLEARPATH'S MISSION IS TO ACCELERATE AMERICAN INNOVATION TO REDUCE 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 $10,209,543 · Grants $1,115,725

As filed on the 2023 return.

Listed in Part VII

  • Richard J Powell

    CEO, TREAS, DIRECTOR,

    Total calculated
    $759,833
    From this org
    $697,174
    From related orgs
    $0
    Other
    $62,659
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $697,174
    Bonus
    $0
    Other
    $0
    Deferred
    $39,000
    Nontaxable benefits
    $23,659
    Filer's total
    $759,833

  • 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
    $579,172
    From this org
    $555,143
    From related orgs
    $0
    Other
    $24,029
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $409,121
    Bonus
    $146,022
    Other
    $0
    Deferred
    $22,440
    Nontaxable benefits
    $1,589
    Filer's total
    $579,172

  • Lucas J Bolar

    CHIEF EXTERNAL AFFAIRS OFF

    Total calculated
    $565,626
    From this org
    $518,812
    From related orgs
    $0
    Other
    $46,814
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $366,917
    Bonus
    $151,895
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $24,314
    Filer's total
    $565,626

  • Andrea E Steiner

    CHIEF OPERATING OFFICER

    Total calculated
    $431,398
    From this org
    $390,316
    From related orgs
    $0
    Other
    $41,082
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $251,600
    Bonus
    $138,716
    Other
    $0
    Deferred
    $19,516
    Nontaxable benefits
    $21,566
    Filer's total
    $431,398

  • Christopher A Tomassi

    MANAGING DIRECTOR - GOVT

    Total calculated
    $529,874
    From this org
    $494,068
    From related orgs
    $0
    Other
    $35,806
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $380,764
    Bonus
    $113,304
    Other
    $0
    Deferred
    $24,703
    Nontaxable benefits
    $11,103
    Filer's total
    $529,874

  • Jeffrey A Morehouse

    MANAGING DIRECTOR - GOVT

    Total calculated
    $487,908
    From this org
    $449,761
    From related orgs
    $0
    Other
    $38,147
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $337,494
    Bonus
    $112,267
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $21,647
    Filer's total
    $487,908

  • Nicholas R McMurray

    MANAGING DIRECTOR - PUBLIC

    Total calculated
    $365,174
    From this org
    $335,665
    From related orgs
    $0
    Other
    $29,509
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $230,249
    Bonus
    $105,416
    Other
    $0
    Deferred
    $12,451
    Nontaxable benefits
    $17,058
    Filer's total
    $365,174

  • Colleen K Moss

    SENIOR DIRECTOR - GOVT

    Total calculated
    $345,693
    From this org
    $331,003
    From related orgs
    $0
    Other
    $14,690
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $241,060
    Bonus
    $89,943
    Other
    $0
    Deferred
    $13,785
    Nontaxable benefits
    $905
    Filer's total
    $345,693

  • Landon Stevens

    SENIOR PROGRAM DIR.

    Total calculated
    $257,651
    From this org
    $233,605
    From related orgs
    $0
    Other
    $24,046
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $229,659
    Bonus
    $3,946
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $24,046
    Filer's total
    $257,651

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 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
DURING 2023, THE FOLLOWING INDIVIDUALS RECEIVED PERFORMANCE BASED BONUS COMPENSATION: JEREMY B. HARRELL $ 146,022 LUCAS J. BOLAR $ 151,895 CHRISTOPHER A. TOMASSI $ 113,304 JEFFREY A. MOREHOUSE $ 112,267 ANDREA E. STEINER $ 138,716 NICHOLAS R. MCMURRAY $ 105,416 COLLEEN K. MOSS $ 89,943 LANDON STEVENS $ 3,946

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
2023
Filed
30 October 2024
IRS schema version
2023v5.1
Source object
202423049349301852

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