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← BREAKTHROUGH ENERGY FOUNDATION

Form 990 for tax year 2023

Filed by BREAKTHROUGH ENERGY FOUNDATION.

Totals

Total revenue
$115,229,753
Total expenses
$107,742,439
Contributions and grants received
$110,900,255
Grants paid
$96,480,930
Program service revenue
$0
Investment income
$4,201,447
Other revenue
$128,051
Total assets, end of year
$149,387,605
Total liabilities, end of year
$4,426,555
Net assets or fund balances, end of year
$144,961,050
Program services expenses (Part IX)
$107,251,412
Management and general expenses
$408,444
Fundraising expenses
$82,583
Program service expenses (Part III)
$107,251,412

Program services were 99.5% 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

    $110,900,255

  • 2f · All other program service revenue

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

  • 3 · Investment income

    total $4,148,448 · excluded $4,148,448

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $1,252,999

  • 7b · Less cost or other basis and sales expenses

    securities $1,200,000

  • 7c · Gain or loss

    securities $52,999 · other assets $0

  • 7d · Net gain or loss

    total $52,999 · excluded $52,999

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

    total $128,051 · related or exempt $0 · unrelated business $0 · excluded $128,051

  • 11d · All other revenue

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

  • 11e · Other revenue, total

    $128,051

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $72,685,435 · program services $72,685,435

  • 2 · Grants to domestic individuals

    total $3,246,842 · program services $3,246,842

  • 3 · Grants to foreign organizations and individuals

    total $20,548,653 · program services $20,548,653

  • 11b · Fees: legal

    total $170,536 · program services $5,543 · management and general $164,993 · fundraising $0

  • 11c · Fees: accounting

    total $99,619 · program services $0 · management and general $99,619 · fundraising $0

  • 11d · Fees: lobbying

    total $65,071 · program services $65,071 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $9,298,545 · program services $9,140,958 · management and general $75,004 · fundraising $82,583

  • 12 · Advertising and promotion

    total $226,328 · program services $226,328 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $281,062 · program services $212,471 · management and general $68,591 · fundraising $0

  • 17 · Travel

    total $1,113,959 · program services $1,113,959 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $6,152 · program services $6,152 · management and general $0 · fundraising $0

  • 24a · Other expenses: BUSINESS LICENSING & REGISTRATION

    total $237 · program services $0 · management and general $237 · fundraising $0

  • 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 $476,666 · end of year $7,965,364

  • 2 · Savings and temporary cash investments

    beginning of year $141,445,286 · end of year $35,130,825

  • 3 · Pledges and grants receivable

    beginning of year $8,650,000 · end of year $104,505,744

  • 4 · Accounts receivable

    beginning of year $0

  • 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

    beginning of year $0

  • 8 · Inventories for sale or use

    beginning of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $888,365 · end of year $85,672

  • 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

    beginning of year $0

  • 12 · Investments: other securities

    beginning of year $0 · end of year $1,700,000

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,037,766 · end of year $958,090

  • 18 · Grants payable

    beginning of year $13,305,690 · end of year $3,468,465

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · 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

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $8,537 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $127,708,720 · end of year $139,661,050

  • 28 · Net assets with donor restrictions

    beginning of year $7,399,604 · end of year $5,300,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

Working with our world-class network of innovators, business and industry leaders, and policy experts, we accelerate the innovation of climate technologies at every stage - from discovery to development to deployment.

Activities or mission (Part I)

Breakthrough Energy is accelerating transformation by supporting cutting-edge research and development, investing in companies that turn green ideas into clean products, and advocating for policies that speed innovation from lab to market. Through investment vehicles, philanthropic programs, policy and advocacy efforts, and other initiatives, Breakthrough Energy works with a global network of partners to accelerate the technologies we need to build a carbon-free economy.

  • The world's economic and energy policies are built around technologies that emit greenhouse gases. That must change. We develop and advocate for smart policies that public and private sector leaders can implement to support clean energy solutions.

    Expenses $63,723,505 · Grants $54,971,097

  • Many of the solutions we need to build a clean energy future are either in their infancy or do not yet exist. So, the first step in out-innovating climate change is to support solutions where they start: discovery. Our global Breakthrough Energy Fellows Program offers early-stage innovators support to bridge the gap from lab to market.

    Expenses $43,527,907 · Grants $41,509,833

As filed on the 2023 return.

Listed in Part VII

  • 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
    6 + 9 related

  • Michael Boots

    EVP

    Total calculated
    $0
    Hours/week
    4 + 3 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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related corporations and trusts

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

  • Breakthrough Energy Catalyst Europe SARL

    C Corporation · FINANCIAL VEHICLE · LU

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413199349317296

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