Civic Intelligence

Calcef Innovations

EIN 26-1339988 • 501(c)3 • Berkeley, CA

Profile

Grow clean energy markets and accelerate adoption of clean energy technologies

2150 Allston Way 360Berkeley, CA 94704

www.calcef.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

48th percentile

0.20x

Higher debt load relative to assets than 48% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.42x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

60th percentile

8.7%

Higher net margin than 60% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

61st percentile

$74,997

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 166.4% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

94th percentile

53%

Faster asset growth than 94% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

82nd percentile

33%

Faster revenue growth than 82% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$27,678,109

Up $4,676,964 (+20%) from 2023

Liabilities

Up

$5,550,545

Up $3,514,557 (+173%) from 2023

Net Assets

Up

$22,127,564

Up $1,162,407 (+5.5%) from 2023

Revenue

Down

$13,317,609

Down $3,184,575 (-19%) from 2023

Expenses

Up

$12,155,202

Up $466,795 (+4.0%) from 2023

Net Income

Down

$1,162,407

Down $3,651,370 (-76%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0-$10MAssets 2014: $190,945Liabilities 2014: $270,496Net Assets 2014: -$79,5512014Assets 2015: $220,767Liabilities 2015: $451,494Net Assets 2015: -$230,7272015Assets 2016: $299,548Liabilities 2016: $1,377,822Net Assets 2016: -$1,078,2742016Assets 2017: $723,221Liabilities 2017: $1,906,295Net Assets 2017: -$1,183,0742017Assets 2018: $13,743,521Liabilities 2018: $1,914,571Net Assets 2018: $11,828,9502018Assets 2019: $10,744,198Liabilities 2019: $698,177Net Assets 2019: $10,046,0212019Assets 2020: $12,588,503Liabilities 2020: $1,042,416Net Assets 2020: $11,546,0872020Assets 2021: $15,783,035Liabilities 2021: $1,842,236Net Assets 2021: $13,940,7992021Assets 2022: $11,791,350Liabilities 2022: $1,060,412Net Assets 2022: $10,730,9382022Assets 2023: $23,001,145Liabilities 2023: $2,035,988Net Assets 2023: $20,965,1572023Assets 2024: $27,678,109Liabilities 2024: $5,550,545Net Assets 2024: $22,127,5642024

Highlighted filing

2024

Assets$27,678,109
Liabilities$5,550,545
Net Assets$22,127,564

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $45,062Expenses 2014: $335,245Net Income 2014: -$290,1832014Revenue 2015: $100,201Expenses 2015: $251,377Net Income 2015: -$151,1762015Revenue 2016: $411,974Expenses 2016: $1,259,521Net Income 2016: -$847,5472016Revenue 2017: $1,181,125Expenses 2017: $1,285,925Net Income 2017: -$104,8002017Revenue 2018: $16,032,751Expenses 2018: $3,020,727Net Income 2018: $13,012,0242018Revenue 2019: $2,655,581Expenses 2019: $4,411,052Net Income 2019: -$1,755,4712019Revenue 2020: $6,453,752Expenses 2020: $4,956,528Net Income 2020: $1,497,2242020Revenue 2021: $8,813,623Expenses 2021: $6,640,563Net Income 2021: $2,173,0602021Revenue 2022: $7,571,267Expenses 2022: $6,295,095Net Income 2022: $1,276,1722022Revenue 2023: $16,502,184Expenses 2023: $11,688,407Net Income 2023: $4,813,7772023Revenue 2024: $13,317,609Expenses 2024: $12,155,202Net Income 2024: $1,162,4072024

Highlighted filing

2024

Revenue$13,317,609
Expenses$12,155,202
Net Income$1,162,407

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$27.7$5.55$22.1$13.3$12.2$1.16
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$23.0$2.04$21.0$16.5$11.7$4.81
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$11.8$1.06$10.7$7.57$6.30$1.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$1.84$13.9$8.81$6.64$2.17
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$1.04$11.5$6.45$4.96$1.50
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$10.7$0.70$10.0$2.66$4.41$1.76
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.7$1.91$11.8$16.0$3.02$13.0
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.72$1.91$1.18$1.18$1.29$0.10
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.30$1.38$1.08$0.41$1.26$0.85
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.45$0.23$0.10$0.25$0.15
2014Detailed filing. Detailed filing data is available for this year.$0.19$0.27$0.08$0.05$0.34$0.29
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 18, 2025
Return Version
2024v5.1
Gross Receipts
$13,317,609
Mission and Program Overview

Mission

Optimizing the clean energy transition - 100%+ clean energy economy for the 100%.

Grow clean energy markets and accelerate adoption of clean energy technology in equitable manner.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$9,867,185$8,975,350▼ $891,835
Pledges and Grants Receivable$2,904,608$6,489,093▲ $3,584,485
Savings and Temporary Cash Investments$3,771,490$3,437,760▼ $333,730
Cash and Non-Interest-Bearing Accounts$3,367,526$2,972,692▼ $394,834
Accounts Receivable$2,697,365$2,761,663▲ $64,298
Prepaid Expenses and Deferred Charges$122,946$147,447▲ $24,501
Land, Buildings, and Equipment, Net$0$4,986▲ $4,986
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities$0--
Loans From Officers Directors-$0-
Total Assets$23,001,145$27,678,109▲ $4,676,964
Other Assets Total$270,025$2,889,118▲ $2,619,093
Liabilities
Other Liabilities$437,410$4,933,959▲ $4,496,549
Accounts Payable and Accrued Expenses$1,452,197$542,748▼ $909,449
Deferred Revenue$146,381$73,838▼ $72,543
Total Liabilities$2,035,988$5,550,545▲ $3,514,557
Net Assets / Fund Balance
Net Assets With Donor Restrictions$10,738,754$14,516,751▲ $3,777,997
Net Assets Without Donor Restrictions$10,226,403$7,610,813▼ $2,615,590
Total Net Assets Fund Balance$20,965,157$22,127,564▲ $1,162,407
Total Liabilities and Net Assets / Fund Balance$23,001,145$27,678,109▲ $4,676,964

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$4,986$3,330$8,316
Investment Program Related Org$4,687,287--
Other Assets Org$139,535--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jennifer WangDirector of Financial InnovationPT$136,458$136,458
Alisa AhmadianHead of Partnerships, Events & BrandPT$123,437$123,437
Henri Van EeghenCEO START: 8/2024PT$120,014$120,014
Anne SjolanderDirector of Individual PhilanthropyFT$119,679$119,679

Board Members and Trustees

NameTitle
Ian RogoffChairman
Chia-Lin SimmonsBoard Member
Michel GelobterBoard Member
Danny KennedyExecutive Director END: 7/2024
Tristan TremschnigGlobal Communications Director
Rebecca LeeManaging Director of CA
Christina BorsumCFO
Grace NitafanController
Jon FosterSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Deel IncConsulting Services425 1st Street, Suite 360, San Francisco, CA 94105-4621, Ch$795,013
New Energy Nexus Shanghai LtdConsulting Services2001 North Main Street, 39th Fl JL Jend Sudiman Kav 25, Walnut Creek, CA 94596, Sn$752,862
PR Clean Energy Singapore Pte LtdConsulting ServicesGoWork Millennium Centennial Center, Jakarta Selatan, Id$330,228
Bpm LLPConsulting Services-$247,879
PT New Energy Nexus IndonesiaConsulting Services-$235,487
Revenue and Support

Revenue Composition

Contributions and Grants
$12,275,327
Program Service Revenue
$781,118
Investment Income
$260,828
Other Revenue
$336
All Other Contributions
$9,685,614
Change in Net Assets
$1,162,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,571,738
Salaries, Compensation, and Employee Benefits$3,468,464
Total Fundraising Expense$741,727
Grants and Similar Amounts Paid$115,000
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,931,532$1,043,858$407,318$5,382,708
Other Salaries and Wages$1,985,971$284,750$185,577$2,456,298
Other Employee Benefits$544,593$78,084$50,889$673,566
Travel$223,771$82,374$54,842$360,987
Fees for Services Accounting$43,729$275,662-$319,391
Information Technology$84,259$173,110$2,198$259,567
Payroll Taxes$207,064$29,689$19,349$256,102
Conferences and Meetings$201,795$4,272$8,364$214,431
Occupancy$82,941$40,065$0$123,006
Grants to Domestic Orgs$115,000--$115,000
Pension Plan Contributions$66,701$9,564$6,233$82,498
All Other Expenses$48,243$24,682$6,533$79,458
Other Expenses$41,304$5,353$398$46,657
Fees for Services Legal$26,833$7,105-$33,938
Office Expenses$28,871$4,588$26$33,485
Insurance$5,668$17,632-$23,300
Total Functional Expenses$9,311,852$2,101,623$741,727$12,155,202
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Energy Nexus EnventureBerkeley, CA501(c)(3)General Support$105,000
University of California BerkeleyBerkeley, CA501(c)(3)For research related to California's Zero Emission Vehicle (ZEV) industry$10,000

International Summary

Offices
1
Employees
60
Spending
$2,312,098

International Compliance

Foreign grant records maintained
Yes
Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and the PacificProgram ServicesConsultant for Program Services for New Energy Nexus Program040$1,723,849
Middle East and North AfricaProgram ServicesConsultant for Program Services for New Energy Nexus Program06$256,575
Europe (Including Iceland and Greenland)Program ServicesConsultant for Program Services for New Energy Nexus Program06$192,960
South AsiaProgram ServicesConsultant for Program Services for New Energy Nexus Program06$60,519
North America (Canada & Mexico only)Program ServicesConsultant for Program Services for New Energy Nexus Program01$53,195
Sub-Saharan AfricaProgram Services,GrantmakingConsultant for Program Services for New Energy Nexus Program11$25,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees-$0-
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany Payable$3,696,636
Federal Income Taxes$1,237,323
Deferred Liability-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

Per by baylaws, the board of the california clean energy fund ( dba calcef ventures) appoints the board members of the organizations.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

Calcef innovation's governing body did not delegate authority to act on its behalf to any executive committe or any other similar committe. Accordingly, documentation does not exist because no such committees exist.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The cfo will review the return before it is filed.

Form 990, Part VI, Line 12C Conflict of interest policy

Annual disclosure by directors, corporate officers, top management, key employees; board review and disposition per policy standards' detailed records.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

CALIFORNIA CLEAN ENERGY FUND'S HR STAFF CONDUCTED A SALARY BENCHMARKING STUDY FOR THE CEO OVERSEEN BY A BOARD the board chair DURING THE FIRST HALF OF 2024. THE INSIGHTS FROM THIS BENCHMARKING STUDY WERE OVERLAID WITH MARKET INTELLIGENCE FROM THE INDEPENDENT RECRUITING FIRM RETAINED TO SOURCE A NEW CEO TO ARRIVE AT A PAY RANGE. THE FINAL SALARY WAS NEGOTIATED and approved by the board, TAKING INTO ACCOUNT THE RECRUITED CANDIDATES PRIOR WORK HISTORY IN THE CONTEXT OF SALARY RANGE.

Form 990, Part VI, Line 15B Process to establish compensation of other employees

CALIFORNIA CLEAN ENERGY FUND'S HR STAFF CONDUCTED A SALARY BENCHMARKING STUDY FOR THE CEO OVERSEEN BY A BOARD the board chair DURING THE FIRST HALF OF 2024. THE INSIGHTS FROM THIS BENCHMARKING STUDY WERE OVERLAID WITH MARKET INTELLIGENCE FROM THE INDEPENDENT RECRUITING FIRM RETAINED TO SOURCE A NEW CEO TO ARRIVE AT A PAY RANGE. THE FINAL SALARY WAS NEGOTIATED and approved by the board, TAKING INTO ACCOUNT THE RECRUITED CANDIDATES PRIOR WORK HISTORY IN THE CONTEXT OF SALARY RANGE.

Form 990, Part VI, Line 19 Required documents available to the public

In 2024, calcef innovations did not make its governing documents, conflict of interest policy, or financial statements available to the public.

Filing and Contact Details

Filer

Filer Name
CalCef Innovations
EIN
26-1339988
Phone
4159570167
Address
2150 Allston Way 360, Berkeley, CA 94704
Doing Business As
New Energy Nexus

Signing Officer

Name
Christina Borsum
Title
CFO
Phone
4159570167
Signed
2025-11-18
Discuss with paid preparer
Yes

Organization Details

Formed
2007
Legal Domicile
CA
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
Forvis Mazars LLP
Address
14221 Dallas Parkway Suite 400, Dallas, TX 75254
Preparer
Andrew Gray
Phone
9727028262
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G Other Fees

Program Consultants - Total Expense: 3508464, Program Service Expense: 3508464, Management and General Expenses: , Fundraising Expenses: ; Consulting Development - Total Expense: 17000, Program Service Expense: 17000, Management and General Expenses: , Fundraising Expenses: ; Recruiting - Total Expense: 56557, Program Service Expense: , Management and General Expenses: 56557, Fundraising Expenses: ; Other Consultants - Total Expense: 1800687, Program Service Expense: 406068, Management and General Expenses: 987301, Fundraising Expenses: 407318;

Raw XML AppendixShowing 400 of 936 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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