Clearpath Action for Conservative Clean Energy INC FY2023 filing

Charlotte, NCUnknown exempt organizationSince 2016 EIN 81-1363692Revenue $4.3M in FY2023

On file with the IRSclearpathaction.org1355 Greenwood Cliff Rd 400 · Charlotte, NC

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Clearpath Action advocates for more Clean Energy innovation, modernized permitting and regulatory reform, america's global competitiveness for manufacturing, and unlocking more american resources.

96¢ of each $1 spent went to programs.
$14K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $1.1M a year · 17% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$14K
to officers and key staff · 0.4% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $250K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$704K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 1 voting members
Concern: none of 1 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.3M
+22% vs prior year
Spent
$3.9M
To programs
96%
Net assets
$3.0M
By yearFY2020–FY2025
Revenue
$4.3M
FY2023▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2020$5.4M
FY2021$2.6M
FY2022$3.5M
FY2023$4.3M
FY2024$5.5M
FY2025$16.4M
Expenses
$3.9M
FY2023▼ -3%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.8M
FY2021$2.6M
FY2022$4.0M
FY2023$3.9M
FY2024$4.5M
FY2025$13.4M
Net assets
$3.0M
FY2023▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.2M
FY2021$3.2M
FY2022$2.7M
FY2023$3.0M
FY2024$4.0M
FY2025$7.1M

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $3.8M Management & general 4% · $153K Fundraising 0% · $5K

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

1 person listed on the 990; $14K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chairman and President
$13,816Pt VII · Sec A

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jay W Faison$11,294$12,638$13,816$14,402$15,129$15,846

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.

See Clearpath Action for Conservative Clean Energy INC 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 15aNo

Programs and updates

Drives innovation and adoption of conservative clean energy technologies.

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Provided by the organization

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1 program · $3.8M · in their own filed words · FY2023
01

To advance the mission, clearpath action develops cutting-edge policy and messaging and works with policymakers and industry.

$3.8Mprogram 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 · FY2025
IncaendoFY2025$250K
Total grants receivedfrom 1 funder$250K
Grants paid · 22 grants · $10.2M · 2020–2025
Clearpath Action Fund INCFY2025$4,000,000
Conservative Majority ProjectVA · FY2025$1,000,000
American Jobs and SecurityVA · FY2025$750,000
Stronger America INCVA · FY2025$300,000
American VoiceAL · FY2025$300,000
Rainey Center Freedom ProjectDC · FY2025$300,000
Take Me Home WV INCFY2025$250,000
One NationVA · FY2025$250,000
Endless Frontier Innovation Funds INCFY2025$200,000
Senate Opportunity FundWY · FY2025$150,000
Conservatives for AmericaMD · FY2025$100,000
Brighter Future AllianceND · FY2025$100,000
Clearpath Action Fund INCFY2024$375,000
Senate Opportunity FundWY · FY2024$25,000
Clearpath Action Fund INCFY2023$450,000
See all 22 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$4.3M
Ln 12
Gifts and grantsLn 1h$4.2M
Investment incomeLn 3$59K
Money outPt IX
$3.9M
Ln 25
Programscol B$3.8M
Managementcol C$153K
Fundraisingcol D$5K
Owns and owesPt X
$3.0M
net assets · Ln 32
Cash and savingsLn 1–2$2.8M
Total assetsLn 16$3.7M
LiabilitiesLn 26$704K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a1
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.2M
Investment incomeLn 3$59K
Total revenueLn 12$4.3M
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$2.8M
Cash and savings togetherLn 1–2$2.8M
Land, buildings, equipmentLn 10c$7K
Other assetsLn 15$0
Total assetsLn 16$3.7M
LiabilitiesLn 26$704K
Net assetsLn 32$3.0M
OperationsPt I, VI
EmployeesI 51
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$2.8M$2.8M
Land, buildings, equipmentLn 10c$9K$7K
Total assetsLn 16$2.8M$3.7M
LiabilitiesLn 26$166K$704K
Net assetsLn 32$2.7M$3.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$540K$540K
Pay of current officers, directors and key staffLn 5$50K$0$50K$0
Payroll taxesLn 10$2K$2K
Management feesLn 11a$674K$648K$23K$3K
Legal feesLn 11b$2K$2K
Accounting feesLn 11c$54K$54K
Other fees for servicesLn 11g$2.2M$2.2M$2K$0
Advertising and promotionLn 12$32K$32K
Office expensesLn 13$2K$1K$230
Information technologyLn 14$6K$26$6K
OccupancyLn 16$60K$48K$10K$2K
TravelLn 17$79K$76K$4K
Depreciation, depletion and amortizationLn 22$2K$2K
Other expenses (24a–d)Ln 24$234K$233K$646
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$3.9M$3.8M$153K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $16.4M$13.4M$3.0M$7.1M 990 PDF
FY2024 $5.5M$4.5M$1.0M$4.0M 990 PDF
FY2023 Viewing $4.3M$3.9M$345K$3.0M 990 PDF
FY2022 $3.5M$4.0M−$526K$2.7M 990 PDF
FY2021 $2.6M$2.6M$17K$3.2M 990 PDF
FY2020 $5.4M$2.8M$2.6M$3.2M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $4,276,812 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,511,069$4,217,500
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,176$59,312
I-11 Other revenue$0
I-12 Total revenuePrior year $3,514,245$4,276,812
I-13 Grants and similar amounts paidPrior year $100,000$540,000
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $527,263$51,619
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,413,024$3,340,043
I-18 Total expensesPrior year $4,040,287$3,931,662
I-19 Revenue less expensesPrior year −$526,042$345,150
Part VI · Governance 0 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $4,276,812 across 4 lines filed
VIII-1f All other contributions, gifts and grants$4,217,500
VIII-1h Total contributions, gifts and grants$4,217,500
VIII-3 Investment incomeExcluded from tax $59,312$59,312
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $59,312$4,276,812
Part IX · Statement of functional expenses $3,931,662 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $540,000$540,000
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $49,596 · Fundraising $0$49,596
IX-10 Payroll taxesManagement $2,023$2,023
IX-11a Management feesPrograms $647,631 · Management $22,568 · Fundraising $3,382$673,581
IX-11b Legal feesManagement $1,897$1,897
IX-11c Accounting feesManagement $54,500$54,500
IX-11g Other fees for servicesPrograms $2,193,708 · Management $1,689 · Fundraising $0$2,195,397
IX-12 Advertising and promotionPrograms $31,500$31,500
IX-13 Office expensesPrograms $1,371 · Management $230$1,601
IX-14 Information technologyPrograms $26 · Management $5,942$5,968
IX-16 OccupancyPrograms $48,320 · Management $9,914 · Fundraising $1,766$60,000
IX-17 TravelPrograms $75,740 · Management $3,738$79,478
IX-22 Depreciation, depletion and amortizationPrograms $2,082$2,082
IX-24 Other expenses (24a–d)Programs $233,393 · Management $646$234,039
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $3,773,771 · Management $152,743 · Fundraising $5,148$3,931,662
Part X · Balance sheet $3,711,020 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $2,760,929$0
X-2 Savings and temporary cash investmentsStart of year $0$2,843,995
X-3 Pledges and grants receivableStart of year $0$860,000
X-4 Accounts receivableStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $57,000$0
X-10c Land, buildings and equipment, netStart of year $9,106$7,025
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $2,827,035$3,711,020
X-17 Accounts payable and accrued expensesStart of year $165,616$703,579
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $165,616$703,579
X-27 Net assets without donor restrictionsStart of year $2,574,892$1,897,975
X-28 Net assets with donor restrictionsStart of year $86,527$1,109,466
X-32 Total net assets or fund balancesStart of year $2,661,419$3,007,441
X-33 Total liabilities and net assetsStart of year $2,827,035$3,711,020
Part XI · Reconciliation of net assets $3,007,441 net assets at year end
XI-1 Total revenue$4,276,812
XI-2 Total expenses$3,931,662
XI-3 Revenue less expenses$345,150
XI-4 Net assets at start of year$2,661,419
XI-5 Net unrealized gains (losses) on investments$872
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$3,007,441

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

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