Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2006.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
90 cents of each dollar spent went to programs.
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
21 people listed on the 990; $1.9M paid to officers and key staff.
Christine Egan’s $388K as Chief Executive Officer is at the 80th percentile of top reported officer pay among 324 $10–100M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Christine Egan | $388,158 | $325,835 | $353,187 | $325,408 | $296,637 |
| Fred Sherman | $264,179 | $242,734 | $228,909 | $220,064 | $199,352 |
| Corinne Schneider | $250,102 | $227,690 | $209,945 | $194,476 | $173,647 |
| Eric Gibbs | — | — | — | $203,886 | $194,396 |
| Wendy Wen | $190,315 | $184,490 | $173,474 | $158,676 | $145,201 |
| Jennifer Smith | $176,838 | — | $141,066 | — | — |
| Stephen Pantano | — | — | — | $175,951 | $166,046 |
| Nate Harris | $168,871 | $160,341 | $154,381 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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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
Researches and promotes energy efficiency policies and technologies to improve climate mitigation, adaptation, and environmental justice.
Questions for Clasp
Your first name shows with your question. Clasp answers here, for everyone.
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Clean Energy Access
Clasp supports progress on sustainable development goal (SDG) 7 - affordable, reliable, sustainable and modern energy for all. Clasp helps build healthy markets for off-grid solar appliances and equipment by driving innovation and sales in early-stage product markets; surfacing data and research on product performance, market trends, and…
Climate
Clasp focuses on evidence-based pathways to mitigate the climate crisis and promote uptake of super-efficient technologies. Energy-efficient appliances are one of the most cost-effective methods for mitigating climate change.
Research
Clasp's research team spans climate and clean energy access and works to identify the most impactful and innovative opportunities to improve climate mitigation, adaptation, equity, and environmental justice and protection.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $18.2M | $17.6M |
| InvestmentsLn 11–13 | $3.1M | |
| Land, buildings, equipmentLn 10c | $285K | $425K |
| Total assetsLn 16 | $21.0M | $23.6M |
| LiabilitiesLn 26 | $16.4M | $16.9M |
| Net assetsLn 32 | $4.6M | $6.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $660K | $660K | ||
| Grants and assistance to foreign recipientsLn 3 | $3.6M | $3.6M | ||
| Pay of current officers, directors and key staffLn 5 | $1.2M | $643K | $483K | $55K |
| Other salaries and wagesLn 7 | $4.5M | $4.0M | $435K | $73K |
| Pension plan contributionsLn 8 | $597K | $509K | $76K | $11K |
| Other employee benefitsLn 9 | $437K | $367K | $61K | $9K |
| Payroll taxesLn 10 | $315K | $259K | $50K | $7K |
| Legal feesLn 11b | $207K | $2K | $205K | |
| Accounting feesLn 11c | $49K | $10K | $38K | |
| Investment management feesLn 11f | $7K | $7K | ||
| Other fees for servicesLn 11g | $11.3M | $11.1M | $177K | |
| Office expensesLn 13 | $303K | $166K | $128K | $9K |
| Information technologyLn 14 | $288K | $260K | $26K | $3K |
| OccupancyLn 16 | $451K | $378K | $73K | |
| TravelLn 17 | $1.1M | $920K | $196K | $18K |
| Conferences, conventions and meetingsLn 19 | $387K | $311K | $76K | |
| Depreciation, depletion and amortizationLn 22 | $139K | $69K | $70K | |
| InsuranceLn 23 | $82K | $82K | ||
| Other expenses (24a–d)Ln 24 | $1.1M | $918K | $152K | $148 |
| All other expensesLn 24e | $86K | $38K | $47K | $35 |
| Total functional expensesLn 25 | $26.8M | $24.2M | $2.4M | $185K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $28.9M | $26.8M | $2.2M | $6.7M | 990 PDF |
| FY2023 | $26.3M | $24.9M | $1.3M | $4.6M | 990 PDF |
| FY2022 | $21.1M | $20.9M | $213K | $3.2M | 990 PDF |
| FY2021 | $16.9M | $16.5M | $364K | $3.0M | 990 PDF |
| FY2020 | $14.6M | $15.5M | −$916K | $2.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $28,948,146 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, no flags
Part VIII · Statement of revenue $28,948,146 across 7 lines filed
Part IX · Statement of functional expenses $26,779,509 across 20 lines filed
Part X · Balance sheet $23,594,117 assets, 15 lines filed
Part XI · Reconciliation of net assets $6,677,236 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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