CALIFORNIA CLEAN ENERGY FUND: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
CALIFORNIA CLEAN ENERGY FUND (EIN 77-0640000)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-11-15
IRS object ID
202443209349327934
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-11-15T20:44:05-06:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN814234542PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1BPM LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line110 ALMADEN BOULEVARD SUITE 1000AddressLine1Txt
CitySAN JOSECityNm
State AbbreviationCAStateAbbreviationCd
ZIP951132238ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN770640000EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1CALIFORNIA CLEAN ENERGY FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlCALIBusinessNameControlTxt
Phone4159570167PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 ALLSTON WAY 360AddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94704ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonCHRISTINA BORSUMPersonNm
Person TitleCFOPersonTitleTxt
Phone4159570167PhoneNum
Signature2024-11-15SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info Curr0IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTAMARA L MCINERNEYPreparerPersonNm
PTINP00011797PTIN
Phone4089616300PhoneNum
Preparation2024-11-15PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-10-15 13:58:12ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd

Doing Business As Name DoingBusinessAsName

FieldValueIRS element (for citing)
Business Name Line1CALCEF VENTURESBusinessNameLine1Txt
FieldValueIRS element (for citing)
Principal OfficerDANNY KENNEDYPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 ALLSTON WAY 360AddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94704ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$2,361,139GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressWWW.NEWENERGYNEXUS.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2004FormationYr
Legal Domicile StateCALegalDomicileStateCd
Activity Or MissionPROGRAM AND FUND MANAGER DRIVING CLEAN ENERGY ENTREPRENEURSHIPActivityOrMissionDesc
Voting Members Governing Body4VotingMembersGoverningBodyCnt
Voting Members Independent4VotingMembersIndependentCnt
Total Employee26TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$2,101,561PYContributionsGrantsAmt
CY Contributions Grants$2,038,839CYContributionsGrantsAmt
PY Program Service Revenue$651,813PYProgramServiceRevenueAmt
CY Program Service Revenue$307,300CYProgramServiceRevenueAmt
PY Investment Income$36PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$4,800PYOtherRevenueAmt
CY Other Revenue$15,000CYOtherRevenueAmt
PY Total Revenue$2,758,210PYTotalRevenueAmt
CY Total Revenue$2,361,139CYTotalRevenueAmt
PY Grants And Similar Paid$1,462,125PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$75,000CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$1,673,653PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$1,773,176CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$1,018,401PYOtherExpensesAmt
CY Other Expenses$784,119CYOtherExpensesAmt
PY Total Expenses$4,154,179PYTotalExpensesAmt
CY Total Expenses$2,632,295CYTotalExpensesAmt
PY Revenues Less Expenses-$1,395,969PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$271,156CYRevenuesLessExpensesAmt
Total Assets BOY$4,958,364TotalAssetsBOYAmt
Total Assets EOY$4,305,450TotalAssetsEOYAmt
Total Liabilities BOY$2,386,072TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,904,608TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,572,292NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,400,842NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionTHE CALIFORNIA CLEAN ENERGY FUND SUPPORTS ENTREPRENEURS TO DRIVE INNOVATION AND BUILD EQUITY INTO THE CLEAN ECONOMYMissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$1,732,904ExpenseAmt
Grant$75,000GrantAmt
DescCONTINUOUS PROGRAM DELIVERY OF THE CALIFORNIA SUSTAINABLE ENERGY ENTREPRENEUR DEVELOPMENT (CALSEED) PROGRAM WITH THE GOAL OF AWARDING UP TO $66M IN GRANTS TO A DIVERSE POOL OF SUSTAINABLE ENERGY ENTREPRENEURS. THE PROGRAM WAS LAUNCHED IN 2016 AND IS EXPECTED TO CONTINUE THROUGH AT LEAST 2027. ALTHOUGH THE PROGRAM IS OPEN TO ALL WHO QUALIFY, WOMEN AND PEOPLE OF COLOR ARE ESPECIALLY ENCOURAGED TO APPLY. THE PROGRAM IS LED BY THE CALIFORNIA CLEAN ENERGY FUND (UNDER NEWENERGY NEXUS BRANDING)IN PARTNERSHIP WITH PROGRAM PARTNERS TO PROVIDE NOT ONLY GRANT FUNDS PROVIDED BY THE CALIFORNIA ENERGY COMMISSION BUT ALSO BUSINESS COACHING AND INTRODUCTIONS TO CLEAN ENERGY INVESTORS AND COMMERCIALIZATION PARTNERS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$124,511ExpenseAmt
DescSOLICITED AND CONTRACTED THE SECOND PROGRAM COHORT OF 16 ENTREPRENEURS INTO THE CALTESTBED PROGRAM, WHILE PROVIDING TECHNOLOGY TESTING SERVICES FOR THE FIRST COHORT OF 25 ENTREPRENEURS THROUGH LAB PARTNERS. CALTESTBED PROVIDES VOUCHERS TO CALIFORNIA CLEAN ENERGY ENTREPRENEURS READY TO TEST THEIR INNOVATIONS IN TESTBED FACILITIES ACROSS THE STATE. THE PROGRAM, FUNDED THROUGH A GRANT BY THE CALIFORNIA ENERGY COMMISSION, ENDEAVORS TO EXPEDITE CLEAN ENERGY INNOVATORS' PATHWAY TO COMMERCIALIZATION. IN ADDITION TO TESTING VOUCHERS THE PROGRAM PROVIDES STRONG NETWORK CONNECTIONS TO PILOT CUSTOMERS AND INVESTORS.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Revenue$307,300RevenueAmt
DescPROVIDED CURRICULUM AND PROGRAM OPERATIONS EXPERTISE TO 3RD DERIVATIVE, A COLLABORATION WITH ROCKY MOUNTAIN INSTITUTE. 3RD DERIVATIVE IS AN INTEGRATED PROGRAM FOR INNOVATIVE START-UPS POSITIONED TO BE PART OF THE SOLUTION FOR THE CLIMATE CRISIS CHALLENGE. THE PROGRAM COMBINES A VIRTUAL ACCELERATOR, COMMITTED VENTURE CAPITAL, A CURATED ECOSYSTEM OF GLOBAL CORPORATIONS, AND MARKET, REGULATORY AND POLICY INSIGHTS.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Revenue$15,000RevenueAmt
DescOTHER PROGRAM SERVICES - MORE INFORMATION NEEDEDDesc
FieldValueIRS element (for citing)
Total Other Prog Srvc Revenue$15,000TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$1,857,415TotalProgramServiceExpensesAmt
Described In Section501c30DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related InvstYes (1)ReportProgramRelatedInvstInd
Report Other AssetsYes (1)ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 Footnote0IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl Stmt0ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document47IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee26EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo Contributions0QuidProQuoContributionsInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members4GoverningBodyVotingMembersCnt
Independent Voting Member4IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of Committees0MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn Body0Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint VentureYes (1)InvestmentInJointVentureInd
Written Policy Or ProcedureYes (1)WrittenPolicyOrProcedureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1GRACE NITAFANBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone4159570167PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 ALLSTON WAY SUITE 360AddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94704ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeInd
JONATHAN FOSTER
SECRETARY/TREASURER3.004.00Yes (X)Yes (X)$0$0$0
IAN ROGOFF
BOARD MEMBER3.004.00Yes (X)$0$0$0
JULIE BLUNDEN
BOARD MEMBER3.001.00Yes (X)$0$0$0
JANET DALZIELL
BOARD MEMBER3.000.00Yes (X)$0$0$0
DANNY KENNEDY
EXECUTIVE DIRECTOR20.2019.76Yes (X)$221,950$0$38,440
CHRISTINA BORSUM
CFO18.0521.95Yes (X)$183,695$0$9,586
REBECCA LEE
MANAGING DIRECTOR OF CA33.376.62$157,500$0$0Yes (X)
ELIZABETH ANDREWS
CHIEF DEVELOPMENT OFFICER0.0040.06$160,483$0$8,415Yes (X)
JOY LARSON
PROGRAM DIRECTOR40.040.00$146,314$0$7,496Yes (X)
SARAH CHESTER
DIRECTOR OF GRANTS MGMT40.080.00$125,783$0$6,511Yes (X)
GRACE NITAFAN
CONTROLLER15.0621.02$155,722$0$13,657Yes (X)
TRISTAN TREMSCHNIG
COMMUNICATIONS DIRECTOR21.8317.98$138,496$0$6,924Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$1,289,943TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$91,029TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K8IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/ForeignAddress/AddressLine1TxtCityContractorAddress/ForeignAddress/CityNmCountryContractorAddress/ForeignAddress/CountryCdServicesServicesDescCompensationCompensationAmtAddress Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCd
BRUNT WORK PTY LTD
1 BULKARA ROAD NSW 2023BELLEVUE HILLASCONSULTING SERVICES$313,817
DEEL INC
CONSULTING SERVICES$240,926425 1ST STREETSAN FRANCISCOCA94105
THE GRANT FARM INC DBA MOMENTUM
CALSEED SUBCONTRACTOR$232,1791201 K STREET 12TH FLOORSACRAMENTOCA95814
BOUNDLESS TECHNOLOGIES LIMITED
THE GREENWAY ICONIC OFFICES BLOCK CDUBLINEICONSULTING SERVICES$181,812
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt
Government Grants$2,037,639GovernmentGrantsAmt
All Other Contributions$1,200AllOtherContributionsAmt
Total Contributions$2,038,839TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescPROGRAM ADMIN & ADVISODesc
Business900099BusinessCd
Total Revenue Column$307,300TotalRevenueColumnAmt
Related Or Exempt Func Income$307,300RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$307,300TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescOTHER INCOMEDesc
Business900099BusinessCd
Total Revenue Column$15,000TotalRevenueColumnAmt
Related Or Exempt Func Income$15,000RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Other Revenue Total$15,000OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,361,139TotalRevenueColumnAmt
Related Or Exempt Func Income$322,300RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$75,000TotalAmt
Program Services$75,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$350,274TotalAmt
Program Services$263,664ProgramServicesAmt
Management And General$86,610ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$1,238,374TotalAmt
Program Services$919,758ProgramServicesAmt
Management And General$318,616ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$74,271TotalAmt
Program Services$66,137ProgramServicesAmt
Management And General$8,134ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$110,257TotalAmt
Program Services$97,645ProgramServicesAmt
Management And General$12,612ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$5,398TotalAmt
Management And General$5,398ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$51,405TotalAmt
Management And General$51,405ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$360,631TotalAmt
Program Services$301,580ProgramServicesAmt
Management And General$59,051ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$69,592TotalAmt
Program Services$66,441ProgramServicesAmt
Management And General$3,151ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$3,666TotalAmt
Program Services$207ProgramServicesAmt
Management And General$3,459ManagementAndGeneralAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$75,067TotalAmt
Program Services$14,222ProgramServicesAmt
Management And General$60,845ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$106,933TotalAmt
Management And General$106,933ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$33,253TotalAmt
Program Services$12,783ProgramServicesAmt
Management And General$20,470ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$15,601TotalAmt
Program Services$7,276ProgramServicesAmt
Management And General$8,325ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$27,566TotalAmt
Program Services$27,566ProgramServicesAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$7,294TotalAmt
Management And General$7,294ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
PAYROLL & BANK FEES$11,037-$19$11,056
LICENSE/TAXES/FEES$4,725$4,725
BOARD AND STAFF MEETING$4,140$590$3,550
INVESTMENT LOSS IN LPS$3,421$3,421

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$4,390TotalAmt
Program Services$1,144ProgramServicesAmt
Management And General$3,246ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$2,632,295TotalAmt
Program Services$1,857,415ProgramServicesAmt
Management And General$774,880ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$443,272BOYAmt
EOY$134,254EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$3,678,840BOYAmt
EOY$3,245,891EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$192,400BOYAmt
EOY$209,117EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$385,100LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$324,366LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$94,121BOYAmt
EOY$60,734EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$308,067BOYAmt
EOY$306,040EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$241,664BOYAmt
EOY$349,414EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,958,364BOYAmt
EOY$4,305,450EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$2,000,502BOYAmt
EOY$1,500,888EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$149,410BOYAmt
EOY$147,050EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$236,160BOYAmt
EOY$256,670EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$2,386,072BOYAmt
EOY$1,904,608EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,535,059BOYAmt
EOY$2,363,609EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$37,233BOYAmt
EOY$37,233EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,572,292BOYAmt
EOY$2,400,842EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,958,364BOYAmt
EOY$4,305,450EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss-$271,156ReconcilationRevenueExpnssAmt
Prior Period Adjustments$197PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$99,509OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS Audited0FSAuditedInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$44,298OtherCostOrOtherBasisAmt
Depreciation$44,298DepreciationAmt
Book Value$0BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$340,802OtherCostOrOtherBasisAmt
Depreciation$280,068DepreciationAmt
Book Value$60,734BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$60,734TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp

FieldValueIRS element (for citing)
DescMICROGRID CATALYTIC CAPITAL PARTNERS LLCDesc
Book Value$306,040BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Program Rltd$306,040TotalBookValueProgramRltdAmt

Other Assets Org OtherAssetsOrgGrp (3 entries)

DescDescBook ValueBookValueAmt
DEPOSITS$133,875
DUE FROM CALCHARGE$215,189
DUE FROM CATALYST$350
FieldValueIRS element (for citing)
Total Book Value Other Assets$349,414TotalBookValueOtherAssetsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
PAYROLL LIABILITIES$1,975
OTHER DEFERRED LIABILITY$6,925
DUE TO NEW ENERGY NEXUS$8,545
DUE TO CALCEF INNOVATIONS$239,225
FieldValueIRS element (for citing)
Total Liability$256,670TotalLiabilityAmt

Schedule F IRS990ScheduleF

Account Activities Outside US AccountActivitiesOutsideUSGrp (6 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EAST ASIA AND THE PACIFIC111PROGRAM SERVICESCONSULTING SERVICES$363,658
EUROPE02PROGRAM SERVICESCONSULTING SERVICES$210,856
NORTH AMERICA01PROGRAM SERVICESCONSULTING SERVICES$7,525
RUSSIA AND NEIGHBORING STATES01PROGRAM SERVICESCONSULTING SERVICES$89,834
SOUTH ASIA02PROGRAM SERVICESCONSULTING SERVICES$40,518
SUB-SAHARAN AFRICA01PROGRAM SERVICESCONSULTING SERVICES$4,174
FieldValueIRS element (for citing)
Subtotal Offices1SubtotalOfficesCnt
Subtotal Employees18SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office1TotalOfficeCnt
Total Employee18TotalEmployeeCnt
Subtotal Spent$716,565SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$716,565TotalSpentAmt
Transfer To Foreign Corp0TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp Ownership0ForeignCorpOwnershipInd
Passive Foreign Investmest Co0PassiveForeignInvestmestCoInd
Foreign Partnership0ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records Maintained0GrantRecordsMaintainedInd

Recipient Table RecipientTable

Recipient Business Name RecipientBusinessName

FieldValueIRS element (for citing)
Business Name Line1ENERGY INSTITUTE AT HAAS - THE REGENTS OF THE UNIVERSITY OF CALIFORNIABusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1319 GIANNINI HALL 5180AddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94720ZIPCd
FieldValueIRS element (for citing)
Recipient EIN946002123RecipientEIN
IRC SectionGOVIRCSectionDesc
Cash Grant$75,000CashGrantAmt
Non Cash Assistance$0NonCashAssistanceAmt
Purpose Of GrantCLEANTECH TO MARKET (C2M) PROGRAMPurposeOfGrantTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Compensation CommitteeYes (X)CompensationCommitteeInd
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed Payments0AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (6 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
DANNY KENNEDY
EXECUTIVE DIRECTOR$221,950$0$0$0$0$0$0$0$38,440$0$260,390$0$0$0
CHRISTINA BORSUM
CFO$183,695$0$0$0$0$0$0$0$9,586$0$193,281$0$0$0
GRACE NITAFAN
CONTROLLER$155,722$0$0$0$0$0$0$0$13,657$0$169,379$0$0$0
ELIZABETH ANDREWS
CHIEF DEVELOPMENT OFFICER$160,483$0$0$0$0$0$0$0$8,415$0$168,898$0$0$0
REBECCA LEE
MANAGING DIRECTOR OF CA$157,500$0$0$0$0$0$0$0$0$0$157,500$0$0$0
JOY LARSON
PROGRAM DIRECTOR$146,314$0$0$0$0$0$0$0$7,496$0$153,810$0$0$0

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (7 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION A, LINE 8BCALIFORNIA CLEAN ENERGY FUND'S GOVERNING BODY DID NOT DELEGATE AUTHORITY TO ACT ON ITS BEHALF TO ANY EXECUTIVE COMMITTEE OR ANY OTHER SIMILAR COMMITTEE. ACCORDINGLY, DOCUMENTATION DOES NOT EXIST BECAUSE NO SUCH COMMITTEES EXIST.
FORM 990, PART VI, SECTION B, LINE 11BCALIFORNIA CLEAN ENERGY FUND'S CFO WILL REVIEW THE 990 PRIOR TO FILING WITH THE IRS. A DRAFT WILL ALSO BE FURNISHED TO THE BOARD CHAIR
FORM 990, PART VI, SECTION B, LINE 12CANNUAL DISCLOSURE BY DIRECTORS, CORPORATE OFFICERS, TOP MANAGEMENT, KEY EMPLOYEES; BOARD REVIEW AND DISPOSITION PER POLICY STANDARDS; DETAILED RECORDS.
FORM 990, PART VI, SECTION B, LINE 15CALIFORNIA CLEAN ENERGY FUND CONTRACTED WITH AN INDEPENDENT COMPENSATION EXPERT IN 2013 TO REVIEW THE EXECUTIVE DIRECTOR'S SALARY. THIS INFORMATION WAS USED, UPDATED FOR COST-OF-LIVING INCREASES SINCE 2013, TO FINALIZE AN OFFER FOR MANAGING DIRECTORS WHO WERE HIRED IN 2015 AND WHOSE COMPENSATION REMAINED UNCHANGED IN 2019. COMPENSATION LEVELS ARE CONTINUOUSLY MONITORED IN BUDGET AND STAFF PLANNING REVIEWS TO ENSURE CONTINUED APPROPRIATENESS. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE PROCESS INCLUDES BENCHMARKING AGAINST OTHER MEMBERS OF THE EXECUTIVE TEAM WITHIN THE FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE PROCESS INCLUDES BENCHMARKING AGAINST OTHER MEMBERS OF THE EXECUTIVE TEAM WITHIN THE FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THE PROCESS WAS LAST UNDERTAKEN IN 2022.
FORM 990, PART VI, SECTION C, LINE 19IN 2023, CALIFORNIA CLEAN ENERGY FUND DID NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC.
FORM 990, PART IX, LINE 11GOTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 235,533. MANAGEMENT AND GENERAL EXPENSES 46,119. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281,652. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 2,559. MANAGEMENT AND GENERAL EXPENSES 501. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,060. HR AND DEVELOPMENT: PROGRAM SERVICE EXPENSES 63,488. MANAGEMENT AND GENERAL EXPENSES 12,431. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,919.
FORM 990, PART XI, LINE 9:FORGIVNESS OF DEBT 99,509.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationInd
CALCEF INNOVATIONS
2150 ALLSTON WAY SUITE 360BERKELEYCA94704261339988GROW CLEAN ENERGY MARKETS AND ACCELERATE EQUITABLE CLEAN ENERGY ADOPTIONCA501(C)(3)7CALIFORNIA CLEAN ENERGY FUNDYes (1)
CALCEF CATALYST
2150 ALLSTON WAY SUITE 360BERKELEYCA94704472102162PROMOTE CLEAN ENERGY IN CALIFORNIA AND DEVELOP PRIVATE SECTOR LEADERSHIPCA501(C)(6)CALIFORNIA CLEAN ENERGY FUNDYes (1)
NEW ENERGY NEXUS ENVENTURE
2150 ALLSTON WAY SUITE 360BERKELEYCA94704843656302SUPPORT SOCIAL ENTERPRISES ENGAGED IN THE DISTRIBUTION OF CLEAN ENERGY PRODUCA501(C)(3)LINE 12A, ICALCEF INNOVATIONSYes (1)

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtEntity TypeEntityTypeTxtControlled OrganizationControlledOrganizationInd
NEW ENERGY NEXUS SHANGHAI LTD
ROOM 4F FLOOR 4 BLD 1 NO 181 465CHANG NING DISTRICT SHANGHAICHBUSINESS CONSULTING FOR RENEWABLE ENERGYCHCALCEF INNOVATIONSC0
NEW ENERGY NEXUS VENTURES PTE LTD
8 MARINA VIEW 42-01 ASIA SQUARE TOSINGAPORESNINVESTMENT MANAGEMENT COMPANYSNCALCEF INNOVATIONSC0
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (1)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgYes (1)LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (1)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (1)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (1)SharingOfFacilitiesInd
Paid Employees SharingYes (1)PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgYes (1)ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other OrgYes (1)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (10 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
CALCEF INNOVATIONS
E$239,225BOOK VALUE
CALCEF CATALYST
D$215,539BOOK VALUE
CALCEF INNOVATIONS
L$1,455,045BOOK VALUE
CALCEF CATALYST
L$67,373BOOK VALUE
CALCEF INNOVATIONS
M$64,950BOOK VALUE
CALCEF INNOVATIONS
N$86,214BOOK VALUE
CALCEF CATALYST
O$48,656BOOK VALUE
CALCEF INNOVATIONS
O$884,246BOOK VALUE
CALCEF INNOVATIONS
Q$2,050,000BOOK VALUE
CALCEF CATALYST
S$99,509BOOK VALUE

Unrelated Org Txbl Partnership UnrelatedOrgTxblPartnershipGrp

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1MICROGRID CATALYTIC CAPITAL PARTNERS LLCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12150 ALLSTON WAY STE 360AddressLine1Txt
CityBERKELEYCityNm
State AbbreviationCAStateAbbreviationCd
ZIP94704ZIPCd
FieldValueIRS element (for citing)
EIN831949435EIN
Primary ActivitiesINVESTMENT FUND TO FACILIATE INVESTMENT IN MICROGRIDPrimaryActivitiesTxt
Legal Domicile StateDELegalDomicileStateCd
Predominate IncomeRELATEDPredominateIncomeDesc
All Partners C3 S0AllPartnersC3SInd
Share Of Total Income-$3,421ShareOfTotalIncomeAmt
Share Of EOY Assets$342,932ShareOfEOYAssetsAmt
Disproportionate Allocations0DisproportionateAllocationsInd
General Or Managing Partner0GeneralOrManagingPartnerInd
Ownership1.00000OwnershipPct

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