2022-02-16T07:36:33-06:00 2020-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2020-01-01 825026325 CLEARPATH INC CLEA 2026701021 518 C ST NE NO 300 WASHINGTON DC 20002 RICHARD J POWELL EXECUTIVE DIRECTOR 2026701021 2022-02-16 1 RICHARD POWELL 999009999 RICHARD J LOCASTRO CPA P00288314 3019519090 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z X RICHARD J POWELL 518 C ST NE NO 300 WASHINGTON DC 20002 7077419 0 X WWW.CLEARPATH.ORG X 2018 DC SEE PART III, LINE 1. 4 3 23 3 0 0 6432000 7061935 0 0 3119 14184 30744 1300 6465863 7077419 0 153024 0 0 2991045 3849506 0 0 201253 2272328 2049923 5263373 6052453 1202490 1024966 1613275 3825790 361201 1548750 1252074 2277040 CLEARPATH'S MISSION IS TO DEVELOP AND ADVANCE POLICIES THAT ACCELERATE BREAKTHROUGH INNOVATIONS THAT REDUCE EMISSIONS IN THE ENERGY AND INDUSTRIAL SECTORS. 0 0 5034457 153024 CLEARPATH'S MISSION IS TO DEVELOP AND ADVANCE POLICIES THAT ACCELERATE BREAKTHROUGH INNOVATIONS THAT REDUCE EMMISSIONS IN THE ENERGY AND INDUSTRIAL SECTORS. TO ADVANCE THAT MISSION, WE DEVELOP CUTTING-EDGE POLICY AND MESSAGING, EDUCATE POLICYMAKERS, AND COLLABORATE WITH PUBLIC AND PRIVATE SECTOR STAKEHOLDERS. 5034457 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 17 0 1 23 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 0 1 0 0 X RICHARD J POWELL 2029383786 518 C ST NE SUITE 300 WASHINGTON DC 20002 RICHARD J POWELL DIRECTOR, EXEC. DIR. TREASURER 50.00 X X 669557 0 16505 SLOANE S CARLOUGH SECRETARY 1.00 X X 0 0 0 RICH THAU DIRECTOR 1.00 X 0 0 0 SAM MAR DIRECTOR 1.00 X 0 0 0 ZAKIR A BAIG MANAGING DIRECTOR-GOV'T AFFAIRS 50.00 X 469134 0 1315 LUCAS J BOLAR MANAGING DIRECTOR-EXTERNAL AFFAIRS 50.00 X 265350 0 15446 JEREMY B HARRELL MANAGING DIRECTOR-POLICY 50.00 X 269901 0 117 ANDREA E STEINER CHIEF OPERATING OFFICER 50.00 X 168781 0 8382 JEFFREY A MOREHOUSE SENIOR GOVERNMENT AFFAIRS DIRECTOR 50.00 X 324809 0 18463 CHRISTOPHER A TOMASSI SENIOR GOVERNMENT AFFAIRS DIRECTOR 50.00 X 300482 0 6466 COLLEEN K MOSS GOVERNMENT AFFAIRS DIRECTOR 50.00 X 197502 0 684 JUSTIN C ONG PRODUCTION DIRECTOR 50.00 X 167695 0 7366 NICHOLAS R MCMURRAY SENIOR PROGRAM DIRECTOR 50.00 X 159095 0 8525 2992306 0 83269 11 0 1 0 RHODIUM GROUP LLC 5 COLUMBUS CIRCLE SUITE 1801 NEW YORK NY 10019 RESEARCH & POLLING 250993 PILLSBURY WINTHROP SHAW PITTMAN PO BOX 601240 CHARLOTTE NC 282601240 LEGAL SERVICES 189433 CGCN GROUP 1101 K STREET NW SUITE 800 WASHINGTON DC 20005 PUBLIC RELATIONS 144000 JAMES CONNAUGHTON 33 SUNSET KEY DR KEY WEST FL 33040 ADVISORY SERVICES 120000 4 3796455 3265480 7061935 3299 3299 700 0 700 700 700 10885 0 10885 10885 10885 MISCELLANEOUS 900099 600 600 600 7077419 0 0 15484 X 153024 153024 1884488 1484377 271639 128472 1626837 1356197 222882 47758 110866 90697 15457 4712 227315 183956 32004 11355 43256 43256 111768 111768 889799 889799 108336 97502 10834 226411 203770 22641 56891 46080 7965 2846 83416 75074 8342 272314 272314 13951 13951 7886 7886 MEMBERSHIPS 62767 56490 6277 TRAINING AND EDUCATION 55666 45090 7793 2783 PAYROLL ADMIN FEES 39448 31952 5523 1973 DUES AND SUBS. 27772 24995 2777 50242 23140 25748 1354 6052453 5034457 816743 201253 1310567 2738725 287061 174618 14187 38561 802449 14880 1460 787569 0 86317 1613275 3825790 312446 782815 196308 48755 569627 361201 1548750 X 1052074 2067669 200000 209371 1252074 2277040 1613275 3825790 1024966 0 X 0 1 X 1 0 X 1100000 6432000 7061935 14593935 1100000 6432000 7061935 14593935 10036139 4557796 525 3919 3999 8443 29944 600 30544 14632922 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION COMMENCED ACTIVITY APRIL 2018 THEREFORE, 2018 IS A SHORT-YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 742881 11682 731199 59568 3198 56370 787569 DEFERRED RENT 569627 569627 X 7077419 0 7077419 0 7077419 6052453 0 6052453 0 6052453 PART X, LINE 2: FOR THE YEARS ENDED DECEMBER 31, 2020 AND 2019, MANAGEMENT OF CLEARPATH HAS DOCUMENTED ITS CONSIDERATION OF FASB ASC 740-10, INCOME TAXES, THAT PROVIDES GUIDANCE FOR REPORTING UNCERTAINTY IN INCOME TAXES, AND HAS DETERMINED THAT NO MATERIAL UNCERTAIN TAX POSITIONS QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. 0 CENTER FOR STRATEGIC & INTERNATIONAL STUDIES 1616 RHODE ISLAND AVE NW WASHINGTON DC 20036 521501082 501(C)(3) 50000 DONATION IN SUPPORT OF ENERGY INNOVATION CONSERVATIVE COALITION FOR CLIMATE SOLUTIONS 301 PARK AVE STE 100 FALLS CHURCH VA 22046 844573440 501(C)(3) 90000 DONATION IN SUPPORT OF ENERGY INNOVATION THE WATERFALL FOUNDATION PO BOX 70049 FAIRBANKS AK 99707 582442068 501(C)(3) 6500 DONATION FOR CHARITY EVENT 3 0 PART I, LINE 2: GRANTS SHOULD BE ACCOUNTED FOR IN THE BOARD-APPROVED BUDGET. IF INCLUDED IN THE BOARD-APPROVED BUDGET, GRANTS UNDER $5,000 CAN BE APPROVED BY INDIVIDUAL MEMBERS OF THE LEADERSHIP TEAM. GRANTS BETWEEN $5,000 AND $25,000 NEED TO BE APPROVED BY MAJORITY OF THE LEADERSHIP TEAM (INCLUDING EXECUTIVE DIRECTOR) AT BI-WEEKLY MEETING. GRANTS OVER $25,000 NEED TO BE BROUGHT TO A LEADERSHIP STRATEGY SESSION (MONTHLY) WHERE THE FOUNDER IS PRESENT FOR APPROVAL. GRANTS OVER $25,000 HAVE A PROGRAM OUTLINE AND ARE MONITORED ON A REGULAR CADENCE THROUGHOUT THE YEAR. X X 0 0 0 0 0 0 0 1 0 RICHARD J POWELL DIRECTOR, EXEC. DIR. TREASURER 636557 0 33000 0 0 0 0 0 16505 0 686062 0 0 0 ZAKIR A BAIG MANAGING DIRECTOR-GOV'T AFFAIRS 412761 0 56373 0 0 0 0 0 1315 0 470449 0 0 0 JEFFREY A MOREHOUSE SENIOR GOVERNMENT AFFAIRS DIRECTOR 285503 0 39306 0 0 0 0 0 18463 0 343272 0 0 0 CHRISTOPHER A TOMASSI SENIOR GOVERNMENT AFFAIRS DIRECTOR 275467 0 25015 0 0 0 0 0 6466 0 306948 0 0 0 LUCAS J BOLAR MANAGING DIRECTOR-EXTERNAL AFFAIRS 233374 0 31976 0 0 0 0 0 15446 0 280796 0 0 0 JEREMY B HARRELL MANAGING DIRECTOR-POLICY 237248 0 32653 0 0 0 0 0 117 0 270018 0 0 0 COLLEEN K MOSS GOVERNMENT AFFAIRS DIRECTOR 191704 0 5798 0 0 0 0 0 684 0 198186 0 0 0 ANDREA E STEINER CHIEF OPERATING OFFICER 133585 0 35196 0 0 0 0 0 8382 0 177163 0 0 0 JUSTIN C ONG PRODUCTION DIRECTOR 136246 0 31449 0 0 0 0 0 7366 0 175061 0 0 0 NICHOLAS R MCMURRAY SENIOR PROGRAM DIRECTOR 153843 0 5252 0 0 0 0 0 8525 0 167620 0 0 0 PART I, LINE 7 DURING 2020, THE FOLLOWING INDIVIDUALS RECEIVED BONUS COMPENSATION: RICHARD J. POWELL $33,000 ZAKIR A BAIG $56,373 JEFFREY A. MOREHOUSE $39,306 CHRISTOPHER A. TOMASSI $25,015 LUCAS J. BOLAR $31,976 JEREMY B. HARRELL $32,653 COLLEEN K. MOSS $5,798 ANDREA E. STEINER $35,196 JUSTIN C. ONG $31,449 NICHOLAS R. MCMURRAY $5,252 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY OUTSIDE ACCOUNTANTS AND THEN SENT TO THE EXECUTIVE DIRECTOR TO REVIEW. DURING A BOARD MEETING THE FORM 990 WAS THEN PROVIDED TO ALL THE GOVERNING BOARD MEMBERS FOR THEM TO VOTE ON THE APPROVAL OF THE FORM 990 PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS ANNUALLY SIGNS A STATEMENT WHICH AFFIRMS SUCH PERSON HAS RECEIVED, READ, UNDERSTANDS AND WILL COMPLY WITH THE CONFLICT OF INTEREST POLICY. PRIOR TO ANY DECISION BY THE BOARD OF DIRECTORS, OR A COMMITTEE THEREOF, THE ORGANIZATION SPECIFICALLY PROVIDES NOTICE TO THE BOARD OF ALL VENDORS, CONTRACTORS, OR OTHER KNOWN ENTITIES THAT MAY DIRECTLY BENEFIT FROM A BOARD OR COMMITTEE ACTION. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF THE FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE GOVERNING BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDES IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE GOVERNING BOARD OR COMMITTEE MEETING, BUT AFTER THE PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT. THE CHAIRPERSON OF THE GOVERNING BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER EXERCISING DUE DILIGENCE, THE GOVERNING BOARD OR COMMITTEE DETERMINES WHETHER THE ORGANIZATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE GOVERNING BOARD OR COMMITTEE DETERMINES BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION IT MAKES ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. IF THE GOVERNING BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. IF, AFTER HEARING THE MEMBER'S RESPONSE AND AFTER MAKING FURTHER INVESTIGATION AS WARRANTED BY THE CIRCUMSTANCES, THE GOVERNING BOARD OR COMMITTEE DETERMINES THE MEMBER HAS FAILED TO DISCLOSE AN ACTUAL OR POSSIBLE CONFLICT OF INTEREST, IT TAKES APPROPRIATE DISCIPLINARY AND CORRECTIVE ACTION. FORM 990, PART VI, SECTION B, LINE 15A THE PROCESS FOR DETERMINING COMPENSATION OF THE CORPORATION'S CHIEF EXECUTIVE OFFICER, EXECUTIVE DIRECTOR, OTHER OFFICERS OR KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, USE OF COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE LAST COMPENSATION REVIEW TOOK PLACE IN 2019. FORM 990, PART VI, SECTION C, LINE 19 CLEARPATH MAKES ITS GOVERNING DOCUMENTS,CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 614,451. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 614,451. RESEARCH AND POLLING: PROGRAM SERVICE EXPENSES 251,092. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 251,092. OTHER PROF. FEES: PROGRAM SERVICE EXPENSES 24,256. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 24,256. FORM 990: AMENDED RETURN SUBSEQUENT TO FINALIZING THE AUDITED FINANCIAL STATEMENTS MANAGEMENT DISCOVERED A CONTRIBUTION IN THE AMOUNT OF $1,000,000 THAT WAS ERRONEOUSLY CLASSIFIED WITH CONTRIBUTIONS FROM 2040 FOUNDATION THAT SHOULD HAVE BEEN CLASSIFIED WITH GRANTS AND CONTRIBUTIONS. THE ERROR HAS BEEN CORRECTED BY RESTATING BOTH LINE ITEMS FOR THE YEAR ENDED DECEMBER 31, 2020. THIS CORRECTION HAD NO IMPACT TO TOTAL SUPPORT AND REVENUE OR CHANGE IN NET ASSETS. BECAUSE OF THESE CHANGES THE FOLLOWING HAS CHANGED ON THE 990: - PART VIII, LINES 1D AND 1F - SCHEDULE B 2040 FOUNDATION 1355 GREENWOOD CLIFF DRIVE STE 301 CHARLOTTE NC 28204 463891359 ACCELERATE AMERICA'S CLEAN ENERGY FUTURE WITH CONSERVATIVE SOLUTIONS NC 501(C)(3) LINE 12A, I 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0