Climate Power: Nonprofit Profile, Financials & Form 990 (EIN 92-2307261)

Revenue by fiscal year
FY2023	$35.3M
FY2024	$79.4M

Expenses by fiscal year
FY2023	$25.6M
FY2024	$88.3M

Net assets by fiscal year
FY2023	$9.7M
FY2024	$853K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2024.

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

Where the money goes

96 cents of each dollar spent went to programs.

96%

Program services 96% · $85.0M Management & general 3% · $2.5M Fundraising 1% · $808K

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

9 people listed on the 990; $2.1M paid to officers and key staff.

Part VII, Section A · reportable compensation

Lori Lodes

Executive Director

$305,742Pt VII · Sec A

Nzinga West

Pres. & Chief of People & Culture

$252,498Pt VII · Sec A

Heather Hargreaves

Deputy Executive Dir., Campaigns

$251,579Pt VII · Sec A

Matt Compton

Chief of Staff

$242,881Pt VII · Sec A

Claire Moser

Dir. & Deputy Exec. Dir, Strategy

$230,036Pt VII · Sec A

Jill Shesol

Treasurer & COO

$229,497Pt VII · Sec A

Antonieta Cadiz

Deputy Executive Dir., Cpea

$216,492Pt VII · Sec A

Noreen Nielsen

Senior Advisor, Strategy

$208,181Pt VII · Sec A

Lori Lodes’s $306K as Executive Director is at the 65th 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
Lori Lodes	$305,742	$148,658
Nzinga West	$252,498	$122,641
Heather Hargreaves	$251,579	$123,069
Matt Compton	$242,881	$117,676
Claire Moser	$230,036	$111,512
Jill Shesol	$229,497	$110,992
Antonieta Cadiz	$216,492	$104,794
Noreen Nielsen	$208,181	—

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 15aNo

Programs and updates

Advocates for climate-friendly policies by supporting or opposing political candidates.

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2 programs · $85.0M · in their own filed words · FY2024

01

Education and Advocacy

Climate power promotes climate action and educates the public about the need for climate progress and the benefits of clean energy by engaging in three types of programming: (I) driving a national narrative about the importance of clean energy investments to supercharge our economy, (ii) engaging key communities of people who can be…

$64.1Mprogram expense

02

Electoral Engagement

Climate power furthers its mission by supporting candidates for elected office who will further our supported policies, or opposing those who actively oppose them.

$20.9Mprogram 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

United States Energy FoundationFY2024$21.0M

Climate Power Education FundFY2024$18.0M

Breakthrough Energy Action INCFY2024$4.2M

Fund for a Better Future INCFY2024$1.1M

Sixteen Thirty FundFY2024$1.0M

The Heising-Simons Action FundFY2024$400K

Total grants receivedfrom 6 funders$45.8M

See all 6 funders →

Grants paid · 41 grants · $52.3M · 2023–2024

Future Forward USA ActionDC · FY2024$25,000,000

Climate Power ActionFY2024$10,200,000

Ceres INCMA · FY2024$1,759,380

Crooked OrgCA · FY2024$800,000

Crooked MediaFY2024$350,000

TriplecheckDC · FY2024$177,581

Tides AdvocacyCA · FY2024$130,000

Vote Save AmericaFY2024$128,053

American Sustainable Business Institute INCDC · FY2024$100,000

Social and Environmental Entrepreneurs INCCA · FY2024$85,000

The Climate Group INCNY · FY2024$75,000

Sachamama INCFL · FY2024$60,000

Democratic Mayors AssociationFY2024$50,000

Young Gifted & GreenFY2024$30,000

Sustainable Markets FoundationNY · FY2024$30,000

Rise Action FundCA · FY2024$30,000

My Body PacFY2024$25,000

Common Cause Education FundDC · FY2024$25,000

See all 41 grants →

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$79.4M

Ln 12

Gifts and grantsLn 1h$79.4M

Investment incomeLn 3$301

Money outPt IX

$88.3M

Ln 25

Programscol B$85.0M

Managementcol C$2.5M

Fundraisingcol D$808K

Owns and owesPt X

$853K

net assets · Ln 32

Cash and savingsLn 1–2$1.3M

Total assetsLn 16$1.4M

LiabilitiesLn 26$597K

PeoplePt VI, VII

9

listed · VII A

PaidVII A9

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$79.4M

Investment incomeLn 3$301

Total revenueLn 12$79.4M

Assets in detailPt X, end of year

CashLn 1$1.2M

SavingsLn 2$100K

Cash and savings togetherLn 1–2$1.3M

Other assetsLn 15$96K

Total assetsLn 16$1.4M

LiabilitiesLn 26$597K

Net assetsLn 32$853K

OperationsPt I, VI

EmployeesI 599

VolunteersI 60

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$10.2M	$1.3M
Total assetsLn 16	$10.6M	$1.4M
LiabilitiesLn 26	$870K	$597K
Net assetsLn 32	$9.7M	$853K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$39.3M	$39.3M
Grants to domestic individualsLn 2	$10K	$10K
Pay of current officers, directors and key staffLn 5	$1.1M	$675K	$288K	$102K
Other salaries and wagesLn 7	$8.7M	$7.8M	$671K	$218K
Pension plan contributionsLn 8	$427K	$384K	$32K	$11K
Other employee benefitsLn 9	$1.1M	$1.0M	$98K	$34K
Payroll taxesLn 10	$777K	$677K	$75K	$25K
Legal feesLn 11b	$377K		$377K
Accounting feesLn 11c	$133K		$133K
Professional fundraising feesLn 11e	$60K			$60K
Other fees for servicesLn 11g	$16.6M	$15.8M	$458K	$295K
Advertising and promotionLn 12	$16.8M	$16.7M	$18K	$9K
Office expensesLn 13	$157K	$136K	$17K	$4K
Information technologyLn 14	$371K	$289K	$67K	$15K
OccupancyLn 16	$215K	$187K	$22K	$7K
TravelLn 17	$794K	$685K	$92K	$17K
InsuranceLn 23	$66K	$58K	$5K	$3K
Other expenses (24a–d)Ln 24	$1.3M	$1.2M	$121K	$10K
All other expensesLn 24e	$7K	$6K	$673	$225
Total functional expensesLn 25	$88.3M	$85.0M	$2.5M	$808K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$79.4M	$88.3M	−$8.9M	$853K	990 PDF
FY2023	$35.3M	$25.6M	$9.7M	$9.7M	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 FY2024 990 (6 parts)

Part I · Summary $79,404,156 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $35,315,070$79,403,855

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $165$301

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $35,315,235$79,404,156

I-13 Grants and similar amounts paidPrior year $13,079,065$39,294,084

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $4,443,898$12,127,586

I-16a Professional fundraising feesPrior year $60,000$60,000

I-17 Other expensesPrior year $7,985,544$36,816,636

I-18 Total expensesPrior year $25,568,507$88,298,306

I-19 Revenue less expensesPrior year $9,746,728−$8,894,150

Part VI · Governance 0 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

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

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

Part VIII · Statement of revenue $79,404,156 across 5 lines filed

VIII-1d Related organizations$18,000,000

VIII-1f All other contributions, gifts and grants$61,403,855

VIII-1h Total contributions, gifts and grants$79,403,855

VIII-3 Investment incomeExcluded from tax $301$301

VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $301$79,404,156

Part IX · Statement of functional expenses $88,298,306 across 19 lines filed

IX-1 Grants to domestic organizationsPrograms $39,284,084$39,284,084

IX-2 Grants to domestic individualsPrograms $10,000$10,000

IX-5 Pay of current officers, directors and key staffPrograms $674,687 · Management $287,917 · Fundraising $101,859$1,064,463

IX-7 Other salaries and wagesPrograms $7,831,899 · Management $671,232 · Fundraising $218,096$8,721,227

IX-8 Pension plan contributionsPrograms $383,630 · Management $32,439 · Fundraising $10,665$426,734

IX-9 Other employee benefitsPrograms $1,005,969 · Management $98,425 · Fundraising $33,850$1,138,244

IX-10 Payroll taxesPrograms $677,363 · Management $74,608 · Fundraising $24,947$776,918

IX-11b Legal feesManagement $377,095$377,095

IX-11c Accounting feesManagement $132,627$132,627

IX-11e Professional fundraising feesFundraising $60,000$60,000

IX-11g Other fees for servicesPrograms $15,835,758 · Management $457,884 · Fundraising $295,396$16,589,038

IX-12 Advertising and promotionPrograms $16,738,677 · Management $17,738 · Fundraising $8,636$16,765,051

IX-13 Office expensesPrograms $135,888 · Management $16,807 · Fundraising $4,162$156,857

IX-14 Information technologyPrograms $289,455 · Management $66,624 · Fundraising $15,035$371,114

IX-16 OccupancyPrograms $186,614 · Management $21,601 · Fundraising $6,655$214,870

IX-17 TravelPrograms $684,902 · Management $92,219 · Fundraising $16,562$793,683

IX-23 InsurancePrograms $58,265 · Management $5,076 · Fundraising $2,752$66,093

IX-24 Other expenses (24a–d)Programs $1,212,437 · Management $121,159 · Fundraising $9,605$1,343,201

IX-24e All other expensesPrograms $6,109 · Management $673 · Fundraising $225$7,007

IX-25 Total functional expensesPrograms $85,015,737 · Management $2,474,124 · Fundraising $808,445$88,298,306

Part X · Balance sheet $1,449,137 assets, 12 lines filed

X-1 Cash, non-interest-bearingStart of year $10,145,065$1,170,236

X-2 Savings and temporary cash investmentsStart of year $100,165$100,466

X-4 Accounts receivable$5,000

X-9 Prepaid expenses and deferred chargesStart of year $96,843$77,465

X-15 Other assetsStart of year $274,253$95,970

X-16 Total assetsStart of year $10,616,326$1,449,137

X-17 Accounts payable and accrued expensesStart of year $869,598$596,559

X-26 Total liabilitiesStart of year $869,598$596,559

X-27 Net assets without donor restrictionsStart of year $3,487,028−$248,236

X-28 Net assets with donor restrictionsStart of year $6,259,700$1,100,814

X-32 Total net assets or fund balancesStart of year $9,746,728$852,578

X-33 Total liabilities and net assetsStart of year $10,616,326$1,449,137

Part XI · Reconciliation of net assets $852,578 net assets at year end

XI-1 Total revenue$79,404,156

XI-2 Total expenses$88,298,306

XI-3 Revenue less expenses−$8,894,150

XI-4 Net assets at start of year$9,746,728

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$852,578

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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