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Nonprofiteer
← CLEARPATH INC

Form 990 for tax year 2025

Filed by CLEARPATH INC.

Totals

Total revenue
$26,628,921
Total expenses
$19,771,980
Contributions and grants received
$26,236,943
Grants paid
$3,794,534
Program service revenue
$0
Investment income
$379,902
Other revenue
$12,076
Total assets, end of year
$24,406,176
Total liabilities, end of year
$9,184,564
Net assets or fund balances, end of year
$15,221,612
Program services expenses (Part IX)
$16,373,929
Management and general expenses
$2,808,197
Fundraising expenses
$589,854
Program service expenses (Part III)
$16,373,929

Program services were 82.8% 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.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $4,310,179

  • 1f · All other contributions, gifts and grants

    $21,926,764

  • 3 · Investment income

    total $379,902 · excluded $379,902

  • 11a · Other revenue: MISCELLANEOUS

    total $12,076 · excluded $12,076

  • 11e · Other revenue, total

    $12,076

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,794,534 · program services $3,794,534

  • 5 · Compensation of officers, directors and key employees

    total $1,936,685 · program services $1,129,110 · management and general $560,942 · fundraising $246,633

  • 7 · Other salaries and wages

    total $5,910,344 · program services $5,078,317 · management and general $623,135 · fundraising $208,892

  • 8 · Pension plan contributions

    total $233,595 · program services $216,632 · management and general $11,242 · fundraising $5,721

  • 9 · Other employee benefits

    total $583,972 · program services $485,969 · management and general $71,532 · fundraising $26,471

  • 10 · Payroll taxes

    total $599,410 · program services $478,030 · management and general $87,640 · fundraising $33,740

  • 11b · Fees: legal

    total $97,388 · management and general $97,388

  • 11c · Fees: accounting

    total $190,864 · management and general $190,864

  • 11g · Fees: other

    total $2,244,446 · program services $2,116,758 · management and general $127,688

  • 12 · Advertising and promotion

    total $61,313 · program services $56,711 · management and general $4,602

  • 13 · Office expenses

    total $505,548 · program services $48,709 · management and general $455,176 · fundraising $1,663

  • 14 · Information technology

    total $203,638 · program services $149,688 · management and general $31,948 · fundraising $22,002

  • 16 · Occupancy

    total $634,440 · program services $533,548 · management and general $71,988 · fundraising $28,904

  • 17 · Travel

    total $413,869 · program services $307,980 · management and general $93,612 · fundraising $12,277

  • 19 · Conferences, conventions and meetings

    total $1,383,038 · program services $1,322,153 · management and general $60,885

  • 20 · Interest

    total $2,356 · management and general $2,356

  • 22 · Depreciation, depletion and amortization

    total $87,114 · program services $65,688 · management and general $17,875 · fundraising $3,551

  • 23 · Insurance

    total $14,738 · management and general $14,738

  • 24a · Other expenses: MEMBERSHIPS

    total $328,983 · program services $328,246 · management and general $737

  • 24b · Other expenses: TRAINING AND EDUCATION

    total $192,182 · program services $151,809 · management and general $40,373

  • 24c · Other expenses: PAYROLL ADMIN FEES

    total $143,545 · program services $15,605 · management and general $127,940

  • 24d · Other expenses: RECRUITING

    total $108,484 · program services $11,793 · management and general $96,691

  • 24e · All other expenses

    total $101,494 · program services $82,649 · management and general $18,845

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,159,507 · end of year $13,796,177

  • 4 · Accounts receivable

    beginning of year $1,185,988 · end of year $4,318,487

  • 9 · Prepaid expenses and deferred charges

    beginning of year $276,750 · end of year $330,075

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

    $438,710

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

    $115,461

  • 10c · Land, buildings and equipment, net

    beginning of year $327,847 · end of year $323,249

  • 15 · Other assets

    beginning of year $426,177 · end of year $5,638,188

  • 17 · Accounts payable and accrued expenses

    beginning of year $845,360 · end of year $2,789,708

  • 25 · Other liabilities

    beginning of year $207,646 · end of year $6,394,856

  • 27 · Net assets without donor restrictions

    beginning of year $6,619,950 · end of year $14,590,064

  • 28 · Net assets with donor restrictions

    beginning of year $1,703,313 · end of year $631,548

Mission and programs · 2025

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 EMISSIONS. THE ORGANIZATION ADVANCES THAT MISSION BY ADVANCING CUTTING-EDGE POLICY SOLUTIONS AND ENABLING THE DEPLOYMENT OF NEXT-GENERATION TECHNOLOGIES ACROSS THE POWER, HEAVY INDUSTRY, AND AGRICULTURE SECTORS.AN ENTREPRENEURIAL AND STRATEGIC NONPROFIT, CLEARPATH COLLABORATES WITH PUBLIC- AND PRIVATE-SECTOR STAKEHOLDERS TO IDENTIFY BARRIERS TO INNOVATION AND ADVANCE DURABLE POLICY SOLUTIONS THAT ENABLE THE SCALE-UP AND DEPLOYMENT OF CRITICAL TECHNOLOGIES. INDUSTRY-INFORMED AND PHILANTHROPICALLY FUNDED, CLEARPATH WORKS TO ACCELERATE AFFORDABLE, LOWER-EMISSIONS PRODUCTION BY SUPPORTING AMERICAN INNOVATORS AND FOSTERING THE CONDITIONS NECESSARY FOR PRIVATE-SECTOR INVESTMENT AND GROWTH.

    Expenses $16,373,929 · Grants $3,794,534

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • JEREMY HARRELL

    CEO

    Total calculated
    $758,900
    From this org
    $711,755
    From related orgs
    $0
    Other
    $47,145
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $662,422
    Bonus
    $49,333
    Other
    $0
    Deferred
    $20,637
    Nontaxable benefits
    $26,508
    Filer's total
    $758,900

  • ANDREA STEINER

    COO/TREASURER

    Total calculated
    $531,030
    From this org
    $479,684
    From related orgs
    $0
    Other
    $51,346
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $420,707
    Bonus
    $58,977
    Other
    $0
    Deferred
    $24,634
    Nontaxable benefits
    $26,712
    Filer's total
    $531,030

  • SLOANE CARLOUGH

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RICHARD POWELL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SAM MAR

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBIN MILLICAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICH THAU

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LUCAS BOLAR

    CHIEF OF EXTERNAL AFFAIRS

    Total calculated
    $533,798
    From this org
    $482,113
    From related orgs
    $0
    Other
    $51,685
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $406,383
    Bonus
    $75,730
    Other
    $0
    Deferred
    $22,438
    Nontaxable benefits
    $29,247
    Filer's total
    $533,798

  • SAMANTHA LUXENBERG

    FINANCE DIRECTOR (BEG. 07/25)

    Total calculated
    $112,955
    From this org
    $107,230
    From related orgs
    $0
    Other
    $5,725
    Hours/week
    50

  • CHRISTOPHER TOMASSI

    HEAD OF GOVERNMENT AFFAIRS

    Total calculated
    $556,511
    From this org
    $511,078
    From related orgs
    $0
    Other
    $45,433
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $457,231
    Bonus
    $53,847
    Other
    $0
    Deferred
    $31,774
    Nontaxable benefits
    $13,659
    Filer's total
    $556,511

  • LISA EPIFANI

    HEAD OF POLICY

    Total calculated
    $491,580
    From this org
    $452,801
    From related orgs
    $0
    Other
    $38,779
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $430,520
    Bonus
    $22,281
    Other
    $0
    Deferred
    $19,889
    Nontaxable benefits
    $18,890
    Filer's total
    $491,580

  • NICHOLAS MCMURRAY

    MANAGING DIRECTOR

    Total calculated
    $332,645
    From this org
    $299,620
    From related orgs
    $0
    Other
    $33,025
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $261,386
    Bonus
    $38,234
    Other
    $0
    Deferred
    $13,443
    Nontaxable benefits
    $19,582
    Filer's total
    $332,645

  • HILLARY O'BRIEN

    MD-POWER, NATURAL RESOUR. & RES.

    Total calculated
    $312,823
    From this org
    $281,351
    From related orgs
    $0
    Other
    $31,472
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $258,580
    Bonus
    $22,771
    Other
    $0
    Deferred
    $14,352
    Nontaxable benefits
    $17,120
    Filer's total
    $312,823

  • CHERYL LOMBARD

    SR. PROG. DIR. (END 05/25)

    Total calculated
    $276,047
    From this org
    $270,521
    From related orgs
    $0
    Other
    $5,526
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $115,409
    Bonus
    $9,405
    Other
    $145,707
    Deferred
    $0
    Nontaxable benefits
    $5,526
    Filer's total
    $276,047

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
  • 3 · Compensation survey or study
  • 4a · Severance or change-of-control payment
  • 7 · Other non-fixed payments

Answered no

  • 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 4A
CHERYL LOMBARD RECEIVED A $145,707 SEVERENCE PAYMENT IN 2025.
PART I, LINE 7
DURING 2025, THE FOLLOWING INDIVIDUALS RECEIVED PERFORMANCE BASED BONUS COMPENSATION: JEREMY B. HARRELL $ 49,333 CHRISTOPHER TOMASSI $ 53,847 LUCAS J. BOLAR $ 75,730 ANDREA E. STEINER $ 58,977 LISA EPIFANI $ 22,281 NICHOLAS R. MCMURRAY $ 38,234 CHERYL L. LAMBARD $ 9,405 HILLARY P. O'BRIEN $ 22,771 KATIE CHRISTIAN $ 16,535

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

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.

  • 2040 FOUNDATION

    501(C)(3) · ACCELERATE AMERICA'S CLEAN ENERGY FUTURE WITH CONSERVATIVE SOLUTIONS · NC

Provenance

Return type
form_990
Tax year
2025
Filed
23 July 2026
IRS schema version
2025v4.2
Source object
202622049349300512

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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