Grow clean energy markets and accelerate adoption of clean energy technology in equitable manner.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.2M a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
7 mo
of spending, in cash
Plus $9.9M in investments, Pt X · Ln 11–13
Looks good: 7.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
12
named funders · $2.8M
Looks good: 12 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$2.0M
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$16.5M
+118% vs prior year
Spent
$11.7M
To programs
81%
Net assets
$21.0M
By yearFY2020–FY2024
Revenue
$16.5M
FY2023▲ +118%
Tap a bar for its year
Revenue by fiscal year
FY2020$6.5M
FY2021$8.8M
FY2022$7.6M
FY2023$16.5M
FY2024$13.3M
Expenses
$11.7M
FY2023▲ +86%
Tap a bar for its year
Expenses by fiscal year
FY2020$5.0M
FY2021$6.6M
FY2022$6.3M
FY2023$11.7M
FY2024$12.2M
Net assets
$21.0M
FY2023▲ +95%
Tap a bar for its year
Net assets by fiscal year
FY2020$11.5M
FY2021$13.9M
FY2022$10.7M
FY2023$21.0M
FY2024$22.1M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2007.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $9.5M Management & general 14% · $1.6M Fundraising 5% · $579K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Calcef Innovations executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Promote clean energy markets and technology adoption fairly.

Questions for Calcef Innovations

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Provided by the organization

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3 programs · $9.5M · in their own filed words · FY2023
01

Calcef innovations continued, under the brand name new energy nexus, a diverse global network of clean energy incubators and accelerators, which included deep engagement with clean energy entrepreneurs in various stages of technical and market readiness in indonesia, vietnam, philippines, thailand and china as well as new york state.

$6.6Mprogram expense
02

Calcef innovations fiscally sponsored several projects that are closely mission-aligned, such as energy peace partners, navajo power, and pre-development into renewable biomass energy projects.

$1.7Mprogram expense
03

Calcef innovations conducted many educational events to bring together stakeholders of the clean energy system to accelerate the clean energy transition. This included significant exploration on the viability of community-based investments into clean energy and ecosystems in california.

$1.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 9 grants · $934K · 2021–2024
New Energy Nexus EnventureCA · FY2024$105,000
U C Santa Cruz FoundationCA · FY2023$15,000
Individual RecipientFY2022$96,000
Individual RecipientFY2022$19,000
Individual RecipientFY2022$10,000
Individual RecipientFY2022$9,750
Ecountabl INCFY2021$25,800

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$16.5M
Ln 12
Gifts and grantsLn 1h$15.8M
Fees for servicesLn 2g$465K
Investment incomeLn 3$228K
Money outPt IX
$11.7M
Ln 25
Programscol B$9.5M
Managementcol C$1.6M
Fundraisingcol D$579K
Owns and owesPt X
$21.0M
net assets · Ln 32
Cash and savingsLn 1–2$7.1M
Total assetsLn 16$23.0M
LiabilitiesLn 26$2.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$15.8M
Government grantsLn 1e$2.7M
Fees for servicesLn 2g$465K
Investment incomeLn 3$228K
Other incomeLn 4–11$503
Total revenueLn 12$16.5M
Assets in detailPt X, end of year
CashLn 1$3.4M
SavingsLn 2$3.8M
Cash and savings togetherLn 1–2$7.1M
InvestmentsLn 11–13$9.9M
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$270K
Total assetsLn 16$23.0M
LiabilitiesLn 26$2.0M
Net assetsLn 32$21.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$7.0M$7.1M
InvestmentsLn 11–13$8.5M$9.9M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$18.7M$23.0M
LiabilitiesLn 26$1.7M$2.0M
Net assetsLn 32$17.0M$21.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$658K$658K
Grants and assistance to foreign recipientsLn 3$37K$37K
Pay of current officers, directors and key staffLn 5$411K$289K$79K$43K
Other salaries and wagesLn 7$3.6M$2.5M$719K$386K
Pension plan contributionsLn 8$42K$42K
Other employee benefitsLn 9$521K$406K$63K$53K
Payroll taxesLn 10$210K$156K$28K$25K
Legal feesLn 11b$85K$73K$12K
Accounting feesLn 11c$192K$76K$116K
Other fees for servicesLn 11g$3.8M$3.6M$207K$3K
Advertising and promotionLn 12$8K$8K$58
Office expensesLn 13$28K$20K$8K$231
Information technologyLn 14$207K$68K$137K$2K
OccupancyLn 16$166K$80K$86K
TravelLn 17$361K$258K$46K$57K
Conferences, conventions and meetingsLn 19$315K$289K$19K$7K
Depreciation, depletion and amortizationLn 22$4K$4K
InsuranceLn 23$24K$7K$16K
Other expenses (24a–d)Ln 24$928K$909K$18K$950
All other expensesLn 24e$75K$36K$36K$2K
Total functional expensesLn 25$11.7M$9.5M$1.6M$579K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $13.3M$12.2M$1.2M$22.1M 990 PDF
FY2023 Viewing $16.5M$11.7M$4.8M$21.0M 990 PDF
FY2022 $7.6M$6.3M$1.3M$10.7M 990 PDF
FY2021 $8.8M$6.6M$2.2M$13.9M 990 PDF
FY2020 $6.5M$5.0M$1.5M$11.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $16,502,184 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $6,956,995$15,808,402
I-9 Program service revenuePrior year $480,231$465,380
I-10 Investment incomePrior year $133,229$227,899
I-11 Other revenuePrior year $812$503
I-12 Total revenuePrior year $7,571,267$16,502,184
I-13 Grants and similar amounts paidPrior year $191,858$695,033
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $844,080$4,822,178
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $5,259,157$6,171,196
I-18 Total expensesPrior year $6,295,095$11,688,407
I-19 Revenue less expensesPrior year $1,276,172$4,813,777
Part VI · Governance 4 of 4 board members independent, no flags
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $16,502,184 across 7 lines filed
VIII-1e Government grants$2,680,973
VIII-1f All other contributions, gifts and grants$13,127,429
VIII-1h Total contributions, gifts and grants$15,808,402
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $465,380$465,380
VIII-3 Investment incomeExcluded from tax $227,899$227,899
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $503$503
VIII-12 Total revenueRelated to mission $465,380 · Unrelated business $0 · Excluded from tax $228,402$16,502,184
Part IX · Statement of functional expenses $11,688,407 across 20 lines filed
IX-1 Grants to domestic organizationsPrograms $658,000$658,000
IX-3 Grants and assistance to foreign recipientsPrograms $37,033$37,033
IX-5 Pay of current officers, directors and key staffPrograms $288,754 · Management $78,736 · Fundraising $43,389$410,879
IX-7 Other salaries and wagesPrograms $2,532,986 · Management $719,033 · Fundraising $385,545$3,637,564
IX-8 Pension plan contributionsPrograms $42,377$42,377
IX-9 Other employee benefitsPrograms $405,696 · Management $62,931 · Fundraising $52,668$521,295
IX-10 Payroll taxesPrograms $156,302 · Management $28,498 · Fundraising $25,263$210,063
IX-11b Legal feesPrograms $72,882 · Management $12,198$85,080
IX-11c Accounting feesPrograms $75,766 · Management $116,154$191,920
IX-11g Other fees for servicesPrograms $3,568,697 · Management $206,768 · Fundraising $3,231$3,778,696
IX-12 Advertising and promotionPrograms $7,711 · Fundraising $58$7,769
IX-13 Office expensesPrograms $19,764 · Management $7,816 · Fundraising $231$27,811
IX-14 Information technologyPrograms $68,351 · Management $137,487 · Fundraising $1,571$207,409
IX-16 OccupancyPrograms $79,845 · Management $86,305$166,150
IX-17 TravelPrograms $257,845 · Management $46,255 · Fundraising $57,266$361,366
IX-19 Conferences, conventions and meetingsPrograms $289,096 · Management $18,812 · Fundraising $6,979$314,887
IX-22 Depreciation, depletion and amortizationManagement $3,967$3,967
IX-23 InsurancePrograms $7,170 · Management $16,483$23,653
IX-24 Other expenses (24a–d)Programs $909,176 · Management $17,796 · Fundraising $950$927,922
IX-24e All other expensesPrograms $36,176 · Management $36,370 · Fundraising $2,020$74,566
IX-25 Total functional expensesPrograms $9,513,627 · Management $1,595,609 · Fundraising $579,171$11,688,407
Part X · Balance sheet $23,001,145 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $2,595,525$3,367,526
X-2 Savings and temporary cash investmentsStart of year $4,439,698$3,771,490
X-3 Pledges and grants receivableStart of year $2,595,355$2,904,608
X-4 Accounts receivableStart of year $163,935$2,697,365
X-9 Prepaid expenses and deferred chargesStart of year $146,255$122,946
X-10c Land, buildings and equipment, netStart of year $0$0
X-13 Program-related investmentsStart of year $8,545,289$9,867,185
X-15 Other assetsStart of year $217,753$270,025
X-16 Total assetsStart of year $18,703,810$23,001,145
X-17 Accounts payable and accrued expensesStart of year $1,321,519$1,452,197
X-19 Deferred revenueStart of year $76,629$146,381
X-25 Other liabilitiesStart of year $347,525$437,410
X-26 Total liabilitiesStart of year $1,745,673$2,035,988
X-27 Net assets without donor restrictionsStart of year $5,033,695$10,226,403
X-28 Net assets with donor restrictionsStart of year $11,924,442$10,738,754
X-32 Total net assets or fund balancesStart of year $16,958,137$20,965,157
X-33 Total liabilities and net assetsStart of year $18,703,810$23,001,145
Part XI · Reconciliation of net assets $20,965,157 net assets at year end
XI-1 Total revenue$16,502,184
XI-2 Total expenses$11,688,407
XI-3 Revenue less expenses$4,813,777
XI-4 Net assets at start of year$16,958,137
XI-9 Other changes in net assets−$806,757
XI-10 Net assets at end of year$20,965,157

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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