Clearpath INC FY2023 filing

Tax-deductible

Washington, DC501(c)(3)Since 2018EnvironmentEIN 82-5026325

Clearpath's mission is to accelerate american innovation to reduce global energy emissions.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$4.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
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 $2.3M a year · 16% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$4.0M
to officers and key staff · 32% of spending
Concern: pay to officers and key staff is 32% of spending; over 30%.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $2.2M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.0M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 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
$11.2M
-11% vs prior year
Spent
$12.6M
To programs
81%
Net assets
$4.6M
By yearFY2020–FY2025
Revenue
$11.2M
FY2023▼ -11%
Revenue by fiscal year
FY2020$7.1M
FY2021$9.2M
FY2022$12.6M
FY2023$11.2M
FY2024$18.4M
FY2025$26.6M
Expenses
$12.6M
FY2023▲ +19%
Expenses by fiscal year
FY2020$6.1M
FY2021$7.6M
FY2022$10.5M
FY2023$12.6M
FY2024$14.6M
FY2025$19.8M
Net assets
$4.6M
FY2023▼ -22%
Net assets by fiscal year
FY2020$2.3M
FY2021$3.9M
FY2022$5.9M
FY2023$4.6M
FY2024$8.3M
FY2025$15.2M

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

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2018.

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% · $10.2M Management & general 15% · $1.9M Fundraising 3% · $422K

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

Who runs it and what they're paid

12 people listed on the 990; $4.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO, Treas, Director,
$697,174Pt VII · Sec A
Chief Strategy Officer
$555,143Pt VII · Sec A
Chief External Affairs Off
$518,812Pt VII · Sec A
Managing Director - Govt
$494,068Pt VII · Sec A
Managing Director - Govt
$449,761Pt VII · Sec A
Chief Operating Officer
$390,316Pt VII · Sec A
Managing Director - Public
$335,665Pt VII · Sec A
Senior Director - Govt
$331,003Pt VII · Sec A

Jeremy Harrell’s $712K as CEO is at the 98th 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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jeremy Harrell$711,755—————
Richard J Powell——$697,174$655,223$628,288$669,557
Jeremy Bryce Harrell—$667,057————
Zakir a Baig————$596,451$469,134
Jeremy B Harrell——$555,143$467,562$325,581$269,901
Christopher Anthony Tomassi—$523,676————
Lucas J Bolar——$518,812$418,139$296,725$265,350
Lucas John Bolar—$516,830————

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 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 15aYes

Programs and updates

Develops policy solutions and collaborates on innovations in clean energy and industrial technology to reduce global energy emissions.

Provided by the organization

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1 program service account for $10.2M of program spending, described in the organization's own filed words · FY2023.
01

Clearpath's mission is to accelerate american innovation to reduce global energy emissions. To advance that mission, we develop cutting-edge policy solutions on clean energy and industrial innovation.

$10.2Mprogram expense

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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
Deploy-US INCFY2025$1.5M
Total grants receivedfrom 2 funders$2.2M
Grants paid · 40 grants · $6.4M · 2020–2025
Bipartisan Policy Center INCDC · FY2025$250,000
The Aspen Institute INCDC · FY2025$175,000
Independent Women's ForumVA · FY2025$100,000
Keystone CenterCO · FY2025$25,000
Oklahoma State UniversityFY2025$15,000
See all 40 grants →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$11.2M
Ln 12
Gifts and grantsLn 1h$11.2M
Investment incomeLn 3$62K
Other incomeLn 4–11$11K
Money outPt IX
$12.6M
Ln 25
Programscol B$10.2M
Managementcol C$1.9M
Fundraisingcol D$422K
Owns and owesPt X
$4.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$7.6M
LiabilitiesLn 26$3.0M
PeoplePt VI, VII
12
listed · VII A
PaidVII A9
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$11.2M
Investment incomeLn 3$62K
Other incomeLn 4–11$11K
Total revenueLn 12$11.2M
Assets in detailPt X, end of year
SavingsLn 2$2.9M
Cash and savings togetherLn 1–2$2.9M
Land, buildings, equipmentLn 10c$692K
Other assetsLn 15$1.8M
Total assetsLn 16$7.6M
LiabilitiesLn 26$3.0M
Net assetsLn 32$4.6M
OperationsPt I, VI
EmployeesI 583
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
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$4.8M$2.9M
Land, buildings, equipmentLn 10c$723K$692K
Total assetsLn 16$9.7M$7.6M
LiabilitiesLn 26$3.7M$3.0M
Net assetsLn 32$5.9M$4.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M$1.1M
Pay of current officers, directors and key staffLn 5$2.3M$1.6M$538K$198K
Other salaries and wagesLn 7$3.8M$3.1M$495K$178K
Pension plan contributionsLn 8$142K$126K$13K$3K
Other employee benefitsLn 9$277K$226K$37K$14K
Payroll taxesLn 10$358K$277K$59K$21K
Legal feesLn 11b$65K$65K
Accounting feesLn 11c$124K$124K
Other fees for servicesLn 11g$688K$578K$110K
Advertising and promotionLn 12$61K$61K
Office expensesLn 13$603K$542K$61K
Information technologyLn 14$188K$169K$19K
OccupancyLn 16$299K$213K$79K$8K
TravelLn 17$406K$366K$41K
Conferences, conventions and meetingsLn 19$1.3M$1.3M
Depreciation, depletion and amortizationLn 22$105K$105K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$530K$373K$157K
All other expensesLn 24e$163K$141K$22K
Total functional expensesLn 25$12.6M$10.2M$1.9M$422K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $26.6M$19.8M$6.9M$15.2M 990 PDF
FY2024 $18.4M$14.6M$3.8M$8.3M 990 PDF
FY2023 Viewing $11.2M$12.6M−$1.3M$4.6M 990 PDF
FY2022 $12.6M$10.5M$2.1M$5.9M 990 PDF
FY2021 $9.2M$7.6M$1.6M$3.9M 990 PDF
FY2020 $7.1M$6.1M$1.0M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $11,234,840 across 6 lines filed
VIII-1d Related organizations$1,320,009
VIII-1f All other contributions, gifts and grants$9,841,291
VIII-1h Total contributions, gifts and grants$11,161,300
VIII-3 Investment incomeExcluded from tax $62,478$62,478
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $11,062$11,062
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $73,540$11,234,840
Part IX · Statement of functional expenses $12,566,901 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $1,115,725$1,115,725
IX-5 Pay of current officers, directors and key staffPrograms $1,600,274 · Management $537,821 · Fundraising $197,933$2,336,028
IX-7 Other salaries and wagesPrograms $3,116,978 · Management $495,314 · Fundraising $177,913$3,790,205
IX-8 Pension plan contributionsPrograms $125,855 · Management $12,615 · Fundraising $3,181$141,651
IX-9 Other employee benefitsPrograms $225,634 · Management $37,381 · Fundraising $14,012$277,027
IX-10 Payroll taxesPrograms $277,106 · Management $59,214 · Fundraising $21,487$357,807
IX-11b Legal feesManagement $65,426$65,426
IX-11c Accounting feesManagement $124,206$124,206
IX-11g Other fees for servicesPrograms $578,116 · Management $109,666$687,782
IX-12 Advertising and promotionPrograms $60,829$60,829
IX-13 Office expensesPrograms $542,467 · Management $60,639$603,106
IX-14 Information technologyPrograms $168,768 · Management $18,752$187,520
IX-16 OccupancyPrograms $213,025 · Management $78,683 · Fundraising $7,786$299,494
IX-17 TravelPrograms $365,666 · Management $40,628$406,294
IX-19 Conferences, conventions and meetingsPrograms $1,305,763$1,305,763
IX-22 Depreciation, depletion and amortizationManagement $105,235$105,235
IX-23 InsuranceManagement $10,454$10,454
IX-24 Other expenses (24a–d)Programs $372,580 · Management $156,985$529,565
IX-24e All other expensesPrograms $140,757 · Management $22,027$162,784
IX-25 Total functional expensesPrograms $10,209,543 · Management $1,935,046 · Fundraising $422,312$12,566,901
Part X · Balance sheet $7,553,931 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $4,849,625$2,939,822
X-4 Accounts receivableStart of year $1,966,817$1,854,006
X-9 Prepaid expenses and deferred chargesStart of year $276,466$313,847
X-10c Land, buildings and equipment, netStart of year $722,678$692,116
X-15 Other assetsStart of year $1,861,608$1,754,140
X-16 Total assetsStart of year $9,677,194$7,553,931
X-17 Accounts payable and accrued expensesStart of year $1,414,861$764,098
X-25 Other liabilitiesStart of year $2,328,567$2,187,629
X-26 Total liabilitiesStart of year $3,743,428$2,951,727
X-27 Net assets without donor restrictionsStart of year $3,298,714$2,482,843
X-28 Net assets with donor restrictionsStart of year $2,635,052$2,119,361
X-32 Total net assets or fund balancesStart of year $5,933,766$4,602,204
X-33 Total liabilities and net assetsStart of year $9,677,194$7,553,931
Part XI · Reconciliation of net assets $4,602,204 net assets at year end
XI-1 Total revenue$11,234,840
XI-2 Total expenses$12,566,901
XI-3 Revenue less expenses−$1,332,061
XI-4 Net assets at start of year$5,933,766
XI-5 Net unrealized gains (losses) on investments$499
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,602,204

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

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