Clt Joules EIN 45-4670819 Form 990 (PDF) Claim this org

Clt Joules

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Connects cleantech startups with utilities, industry, and research institutions. For fiscal year 2024 it reported $438K in revenue, $504K in expenses, and $469K in net assets.Pt I

Type
Public charity (501(c)(3)) · Civil Rights & Advocacy
Location
Charlotte, NC
Website
www.joulesaccelerator.com
Filings
6 on file (2019–2024)
Revenue
$438KFY2024
Expenses
$504K
Net assets
$469K
People
16
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-4670819 Public charity (501(c)(3)) Charlotte, NC
Form 990 (PDF)
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Size
$100K–1M
What they do
Connects cleantech startups with utilities, industry, and research institutions.
Leadership
Robert Irvin · Executive Dir. · $218K
Money in and out
$438K revenue, $504K expenses
Bottom line
49% program efficiency
Where the money goes · FY2024
Total revenue
$438K
Pt VIII · Ln 12
Total expenses
$504K
Pt IX · Ln 25
Net assets
$469K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$66K
Where spending went · Part IX cols B–D
Program services $0.49 Management & general $0.10 Fundraising $0.41
Program efficiency
49%
of spending reaches programs▼ -3% vs prior filing year
Operating runway
8.6mo
months of highly liquid reserves at operating expense rate▼ -9% vs prior filing year
Surplus margin
-15%
revenue over expenses, this year▼ -258% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$438K
FY2024▼ -18%
Expenses
$504K
FY2024▲ +4%
Total assets
$471K
FY2024▼ -13%
Total liabilities
$2K
FY2024▼ -45%
Total revenue
$438K
Pt VIII · Ln 12
Total expenses
$504K
Pt IX · Ln 25
Net assets
$469K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$66K
Total assetsPt X · Ln 16$471K
Program-expense ratioPt IX · col B49%
Voting members of governing bodyPt I · Ln 315
Independent voting membersPt I · Ln 415

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CClt Joules
EINHdr · item D45-4670819
Principal addressHdr · item CCharlotte, NC
WebsiteHdr · item Jwww.joulesaccelerator.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCivil Rights & Advocacy (R02)
Ruling yearIRS BMFNov 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a15
Independent voting membersPt VI · Ln 1b15
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Dir.
$217,870Pt VII · Sec A
VP of Strategy
$123,120Pt VII · Sec A
Exec. Sponsor
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Robert Irvin’s $218K as Executive Dir. is at the 98th percentile of top reported officer pay among 1035 $100K–1M civil rights & advocacy 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020FY2019
Robert Irvin$217,870$161,897$171,158$152,460$152,000
Robert Irvin$124,000
Ryan Rutledge$123,120

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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Mission & Programs · Part III

Where the work happens

1 program service account for $247K of program spending, described in the organization's own filed words · FY2024.
01

Climate/Energy Solutions

$247Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$438K
— government grantsLn 1e$163K
Total revenueLn 12$438K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.49 Management & general $0.10 Fundraising $0.41
Program services49%$247K
Management & general10%$52K
Fundraising41%$205K
Total functional expensesLn 25$504K

Balance Sheet

Part X · end of year
CashLn 1$361K
Total assetsLn 16$471K
Total liabilitiesLn 26$2K
Total net assetsLn 32$469K
Months of cash on handcomputed8.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $361K · Operating expenses/yr $504K
8.6 months
Where the money goes
Program services
Program services $247K · Total expenses $504K
49%
Management & General
Management & general $52K · Total expenses $504K
10%
Fundraising
Fundraising $205K · Total expenses $504K
41%
Cost to raise $1
Fundraising expense (3-yr avg) $133K · Solicited contributions (3-yr avg) $299K
$0.45 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $438K · Total revenue $438K
100%
Government reliance
Government grants $163K · Total revenue $438K
37%
Earned-income share
Program service revenue $0 · Total revenue $438K
0%
Investment reliance
Investment income $0 · Total revenue $438K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $504K
0%
Growth & trend
Revenue growth (YoY)
This year $438K · Prior year $536K
-18%
Revenue CAGR
FY2019 $314K · FY2024 $438K
+7%
Net-asset trend (YoY)
End of year $469K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $438K · Expenses $504K
-15%
Liabilities-to-Assets
Total liabilities — · Total assets $471K
Net-asset ratio
Net assets $469K · Total assets $471K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $471K
0%
People & payroll
Highest Reported Total Compensation
Individual Robert Irvin · Reported title Executive Dir. · Highest reported compensation $218K · Total expenses $504K
43%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $453K · Total expenses $504K
90%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 49%
Overhead ratio 10%
Fundraising cost ratio 47%
Revenue growth -18%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0.3%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$50K
Grants paid · 2 grants · $26K · 2023–2024
Unitemized GrantFY2024$6,450
Unitemized GrantFY2023$20,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$438K revenue · viewing · ⤓ 990 PDF
FY2023$536K revenue · ⤓ 990 PDF
FY2022$538K revenue · ⤓ 990 PDF
FY2021$465K revenue · ⤓ 990 PDF
FY2020$308K revenue · ⤓ 990 PDF
FY2019$314K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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