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Nonprofiteer
← NEW ENERGY NEXUS ENVENTURE

Form 990 for tax year 2023

Filed by NEW ENERGY NEXUS ENVENTURE.

Totals

Total revenue
$35,250
Total expenses
$38,547
Contributions and grants received
$35,250
Grants paid
$35,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$39,216
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$39,216
Program services expenses (Part IX)
$35,177
Management and general expenses
$3,370
Fundraising expenses
$0
Program service expenses (Part III)
$35,177

Program services were 91.3% 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

    $30,000

  • 1f · All other contributions, gifts and grants

    $5,250

Functional expenses

Part IX, the statement of functional expenses.

  • 3 · Grants to foreign organizations and individuals

    total $35,000 · program services $35,000

  • 11c · Fees: accounting

    total $4,013 · management and general $4,013

  • 12 · Advertising and promotion

    total -$174 · management and general -$174

  • 14 · Information technology

    total $95 · program services $95

  • 24a · Other expenses: BANK FEES

    total $272 · management and general $272

  • 24b · Other expenses: SUBSCRIPTION

    total $82 · program services $82

  • 24c · Other expenses: EXCHANGE LOSS

    total -$3 · management and general -$3

  • 24d · Other expenses: POSTAGE AND DELIVERY

    total -$138 · management and general -$138

  • 24e · All other expenses

    total -$600 · management and general -$600

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,277 · end of year $39,191

  • 15 · Other assets

    beginning of year $5,191 · end of year $25

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,955 · end of year $0

  • 28 · Net assets with donor restrictions

    beginning of year $42,513 · end of year $39,216

Mission and programs · 2023

Mission

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

Activities or mission (Part I)

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

  • 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 $35,177 · Grants $35,000

As filed on the 2023 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

  • Chia-Lin Simmons

    BOARD MEMBER / DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Danny Kennedy

    PRESIDENT

    Total calculated
    $260,390
    From this org
    $0
    From related orgs
    $221,950
    Other
    $38,440
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $221,950 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,440 related
    Filer's total
    $0 + $260,390 related

  • Christina Borsum

    CFO

    Total calculated
    $193,281
    From this org
    $0
    From related orgs
    $183,695
    Other
    $9,586
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,695 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $9,586 related
    Filer's total
    $0 + $193,281 related

  • Grace Nitafan

    CONTROLLER

    Total calculated
    $169,379
    From this org
    $0
    From related orgs
    $155,722
    Other
    $13,657
    Hours/week
    1 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,722 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,657 related
    Filer's total
    $0 + $169,379 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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202423209349325467

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