2025-11-17T13:56:43+00:00 2024-12-31 440160260 Forvis Mazars LLP 14221 Dallas Parkway Suite 400 Dallas TX 75254 990 2024-01-01 770640000 California Clean Energy Fund CALI 4159570167 2150 Allston Way 360 Berkeley CA 94704 Christina Borsum CFO 4159570167 2025-11-17 true true Andrew Gray P01517705 9727028262 2025-11-17 2024 2025-03-06 01:10:19Z CALCEF VENTURES Christina Borsum 2150 Allston Way 360 Berkeley CA 94704 2295602 false X WWW.NEWENERGYNEXUS.COM X 2004 CA PROGRAM AND FUND MANAGER DRIVING CLEAN ENERGY ENTREPRENEURSHIP 4 4 26 4 0 2038839 2299023 307300 0 0 0 15000 -3421 2361139 2295602 75000 75000 0 0 1773176 1631019 0 0 0 784119 1057936 2632295 2763955 -271156 -468353 4305450 4843531 1904608 3126484 2400842 1717047 X THE CALIFORNIA CLEAN ENERGY FUND SUPPORTS ENTREPRENEURS TO DRIVE INNOVATION AND BUILD EQUITY INTO THE CLEAN ECONOMY. false true 1166938 75000 CONTINUOUS 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 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. 534088 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. DURING 2024 THE PROGRAM PROVIDED ACTIVE TECHNOLOGY TESTING SERVICES FOR 35 OUT OF THE 90 ENTREPRENEURS THAT WERE SELECTED IN FOUR COHORTS SINCE 2019. THE TECHNOLOGY TESTING IS PROVIDED THROUGH LAB PARTNERS. IN ADDITION TO TESTING VOUCHERS THE PROGRAM PROVIDES STRONG NETWORK CONNECTIONS TO PILOT CUSTOMERS AND INVESTORS. 140747 CALCEF IS A SUBCONTRACTOR ON THE POWER FORWARD GRANT PROGRAM, A BATTERY MANUFACTURING GRANT PROGRAM FUNDED BY THE CALIFORNIA ENERGY COMMISSION. THE PROGRAM IS DESIGNED TO FURTHER THE GOAL OF TRANSITIONING TO ZERO-EMISSION TRANSPORTATION BY SUPPORTING RESEARCH IN ZERO-EMISSION VEHCILE BATTERY MANUFACTURING. CALCEF IS SUPPORTING CALSTART, THE LEAD IMPLEMENTER, THROUGH DEVELOPMENT OF A COMMUNITY BENEFITS AND WORKFORCE PLAN, A COMPONENT OF THE PROGRAM'S OUTREACH, APPLICATION PROCESS, SELECTION AND OVERSIGHT MEANT TO ENSURE ACCESSIBILITY FOR DISADVANTAGED AND LOW-INCOME COMMUNITIES. 1841773 false true false false false false false false false false true false false true true false false false false true true false false false false false false true false true false false false false false false false false false false false false false false false true true true false false true 55 0 true 26 true false false false false false false false false false false false false X 4 4 false false false false false false false true false false false false false true true true true true true true true true CA X X Grace Nitafan 4159570167 2150 Allston Way Suite 360 Berkeley CA 94704 Janet Dalziell Chair START: 5/2024 3.0 0 X X 0 0 0 Jon Foster Secretary/Treasurer 3.0 4.0 X X 0 0 0 Julie Blunden Chair END: 5/2024 3.0 0 X X 0 0 0 Ian Rogoff Board Member 3.0 4.0 X 0 0 0 Christina Borsum CFO 16.0 24.0 X 207783 0 13592 Danny Kennedy Executive Director END: 7/2024 16.0 24.0 X 129471 0 28332 Henri Van Eeghen CEO START: 8/2024 8.0 32.0 X 112485 0 7529 Grace Nitafan Controller 15.0 25.0 X 176109 0 15694 Rebecca Lee Managing Director of CA 33.0 7.0 X 217770 0 6533 Alisa Ahmadian Head of Partnerships, Events & Brand 35.0 5.0 X 115919 0 7518 Joy Larson Program Director 40.0 0 X 150268 0 11407 Rachel Yu Program Development and Operations Director 40.0 0 X 142653 0 10422 Tristan Tremschnig Global Communications Director 9.0 31.0 X 150000 0 10747 1402458 0 111774 11 false true false Deel Inc 425 1st Street San Francisco CA 941054621 Consulting Services 546214 BruntWork Pty Ltd 1 Bulkara Road NSW 2023 Bellevue Hill AS Consulting Services 329039 Build Momentum PO Box 3159 Grass Valley CA 95945 Consulting Services 164802 Boundless Technologies Limited The Greenway Iconic Offices Block C 112-114 Saint Stephens Gr Dublin EI 2D02TD28 Consulting Services 162207 New Energy Nexus Shanghai Ltd Room 4F Fl 4 Bld 1 No 181 465 Zhenning Rd Changning District Shanghai CH Consulting Services 130000 5 2298023 1000 2299023 0 0 0 0 0 0 0 0 0 Exchange Loss 523000 -156 -156 Investment Loss in LPS 523000 -3265 -3265 0 0 0 0 -3421 2295602 0 0 -3421 X 75000 75000 0 0 915298 803269 112029 369756 324578 45178 11649 10240 1409 218619 190714 27905 115697 100997 14700 2872 2872 111420 111420 569366 186152 383214 0 3876 3876 7385 5531 1854 91656 21687 69969 88920 88920 43868 10573 33295 12351 10624 1727 25938 25591 347 7127 7127 Public Relations 58874 58874 Web Site 12953 10789 2164 Payroll and Bank Fees 8422 8422 License/Taxes/Fees 5531 5531 7377 3278 4099 0 2763955 1841773 922182 0 134254 507008 3245891 3612841 0 0 209117 209985 385100 353138 60734 31962 0 306040 49599 349414 432136 4305450 4843531 1500888 1899963 147050 147050 0 256670 1079471 1904608 3126484 X 2363609 1679814 37233 37233 2400842 1717047 4305450 4843531 X -468353 -254500 39058 X false false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 29156 29156 0 355944 323982 31962 31962 Deposits 181649 Due from Calcharge 0 Due from Catalyst 0 Right of Use Assets 250487 432136 Federal Income Taxes Payroll Liabilities 0 Other Deferred Liability 3288 Due to New Energy Nexus 0 Due to CalCEF Innovations 836570 Lease Liabilities 239613 1079471 East Asia and the Pacific 1 14 Program Services CONSULTING SERVICES 411799 Europe (Including Iceland and Greenland) 0 3 Program Services CONSULTING SERVICES 335043 North America (Canada & Mexico only) 0 2 Program Services CONSULTING SERVICES 102363 Russia and Neighboring States 0 1 Program Services CONSULTING SERVICES 133224 South Asia 0 1 Program Services CONSULTING SERVICES 18650 Sub-Saharan Africa 0 1 Program Services CONSULTING SERVICES 22017 1 22 0 0 1 22 1023096 0 1023096 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; RUSSIA AND NEIGHBORING STATES-Accrual; SOUTH ASIA-Accrual; SUB-SAHARAN AFRICA-Accrual true Energy Institute at Haas - The Regents of the University of California 319 Giannini Hall 5180 Berkeley CA 94720 946002123 501(c)(3) 75000 Cleantech to Market (C2M) Program 1 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds An update on work progress is requested. X X X X X X false false false false false false false false false Christina Borsum CFO 207783 0 0 0 0 0 6300 0 7292 0 221375 0 0 0 Danny Kennedy Executive Director END: 7/2024 129471 0 0 0 0 0 3884 0 24448 0 157803 0 0 0 Rebecca Lee Managing Director of CA 217770 0 0 0 0 0 6533 0 0 0 224303 0 0 0 Grace Nitafan Controller 176109 0 0 0 0 0 5383 0 10311 0 191803 0 0 0 Joy Larson Program Director 150268 0 0 0 0 0 4552 0 6855 0 161675 0 0 0 Tristan Tremschnig Global Communications Director 150000 0 0 0 0 0 4500 0 6247 0 160747 0 0 0 Rachel Yu Program Development and Operations Director 142653 0 0 0 0 0 4280 0 6142 0 153075 0 0 0 Form 990, Part III, Line 3 Significant changes in program services The Power Forward Grant program was new in 2024. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body CALIFORNIA 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, Line 11b Review of form 990 by governing body CALIFORNIA 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, Line 12c Conflict of interest policy ANNUAL DISCLOSURE BY DIRECTORS, CORPORATE OFFICERS, TOP MANAGEMENT, KEY EMPLOYEES; BOARD REVIEW AND DISPOSITION PER POLICY STANDARDS; DETAILED RECORDS. Form 990, Part VI, Line 15a Process to establish compensation of top management official CALIFORNIA CLEAN ENERGY FUND'S HR STAFF CONDUCTED A SALARY BENCHMARKING STUDY FOR THE CEO OVERSEEN BY A BOARD the board chair DURING THE FIRST HALF OF 2024. THE INSIGHTS FROM THIS BENCHMARKING STUDY WERE OVERLAID WITH MARKET INTELLIGENCE FROM THE INDEPENDENT RECRUITING FIRM RETAINED TO SOURCE A NEW CEO TO ARRIVE AT A PAY RANGE. THE FINAL SALARY WAS NEGOTIATED and approved by the board, TAKING INTO ACCOUNT THE RECRUITED CANDIDATES PRIOR WORK HISTORY IN THE CONTEXT OF SALARY RANGE. Form 990, Part VI, Line 15b Process to establish compensation of other employees CALIFORNIA CLEAN ENERGY FUND'S HR STAFF CONDUCTED A SALARY BENCHMARKING STUDY FOR THE CEO OVERSEEN BY A BOARD the board chair DURING THE FIRST HALF OF 2024. THE INSIGHTS FROM THIS BENCHMARKING STUDY WERE OVERLAID WITH MARKET INTELLIGENCE FROM THE INDEPENDENT RECRUITING FIRM RETAINED TO SOURCE A NEW CEO TO ARRIVE AT A PAY RANGE. THE FINAL SALARY WAS NEGOTIATED and approved by the board, TAKING INTO ACCOUNT THE RECRUITED CANDIDATES PRIOR WORK HISTORY IN THE CONTEXT OF SALARY RANGE. Form 990, Part VI, Line 19 Required documents available to the public IN 2024, 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 11g Other Fees Program Consultants - Total Expense: 186152, Program Service Expense: 186152, Management and General Expenses: , Fundraising Expenses: ; Other Consultants - Total Expense: 383214, Program Service Expense: , Management and General Expenses: 383214, Fundraising Expenses: ; Form 990, Part XI, Line 9 Other changes in net assets or fund balances Write Down of MCCP Investment - 39058; Total - 39058; CALCEF INNOVATIONS 2150 ALLSTON WAY STE 360 BERKELEY CA 94704 261339988 GROW CLEAN ENERGY MARKETS AND ACCELERATE EQUITABLE CLEAN ENERGY ADOPTION CA 501(c)(3) 7 CALIFORNIA CLEAN ENERGY FUND true NEW ENERGY NEXUS ENVENTURE 2150 ALLSTON WAY STE 360 BERKELEY CA 94704 843656302 SUPPORT SOCIAL ENTERPRISES THAT DISTRIBUTE CLEAN ENERGY PRODUCTS CA 501(c)(3) CALCEF INNOVATIONS false MICROGRID CATALYTIC CAPITAL PARTNERS LLC 2150 Allston Way STE 360 Berkeley CA 94704 831949435 INVESTMENT FUND TO FACILIATE INVESTMENT IN MICROGRID DE California Clean Energy Fund Related -3265 85166 false 0 false 1 NEW ENERGY NEXUS SHANGHAI LTD ROOM 4F FLOOR 4 BLD 1 NO 181 465 ZHENNING RD CHANGNING DISTRICT SHANGHAI CH BUSINESS CONSULTING FOR RENEWABLE ENERGY CH NA C Corporation 0 false NEW ENERGY NEXUS VENTURES PTE LTD 8 MARINA VIEW 42-01 ASIA SQUARE TOWER 1 SINGAPORE SN 018960 INVESTMENT MANAGEMENT COMPANY SN NA C Corporation 0 false false false false false false false false false false false false false true true true false true false false NEW ENERGY NEXUS SHANGHAI M 101860 COST CALCEF INNOVATIONS O 534841 COST CALCEF INNOVATIONS O 873194 COST CALCEF INNOVATIONS O 836570 COST CALCEF INNOVATIONS Q 3250000 COST