Civic Intelligence

Clearpath Foundation Inc

990 • Fiscal year 2023 • EIN 46-3891359

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

Organization Profilewww.mission2040.org

View Organization Page

1355 Greenwood Cliff Drive 400Charlotte, NC 28204

(704) 945-0487

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

53rd percentile

0.00x

Higher debt load relative to assets than 53% of similar nonprofits.

2023 filings • NTEE T • $100M-$250M nonprofits • Source year 2023

Liabilities / Revenue

86th percentile

1.02x

Higher debt load relative to revenue than 86% of similar nonprofits.

2023 filings • NTEE T • $100M-$250M nonprofits • Source year 2023

Net Margin

2nd percentile

-4104%

Higher net margin than 2% of similar nonprofits.

2023 filings • NTEE T • $100M-$250M nonprofits • Source year 2023

Top Officer Pay

96th percentile

$759,833

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 193.4% of source-year revenue.

2023 filings • NTEE T • $100M-$250M nonprofits • Source year 2023

Asset Growth

7th percentile

-7.2%

Faster asset growth than 7% of similar nonprofits.

2023 filings • NTEE T • $100M-$250M nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets53rd percentile

Assets

Down

$100,049,962

Down $7,818,067 (-7.2%) from 2022

Net Assets

Down

$99,650,744

Down $8,032,198 (-7.5%) from 2022

Liabilities

Up

$399,218

Up $214,131 (+116%) from 2022

Revenue And Expenses
Liabilities / Revenue86th percentileNet Margin2nd percentile

Revenue

Up

$392,925

Up $814,015 (+193%) from 2022

Expenses

Down

$16,517,816

Down $768,678 (-4.4%) from 2022

Net Income

Up

-$16,124,891

Up $1,582,693 (+8.9%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth7th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0Assets 2013: $1Liabilities 2013: $02013Assets 2014: $165,885,794Liabilities 2014: $527,627Net Assets 2014: $165,358,1672014Assets 2015: $161,923,207Liabilities 2015: $21,077Net Assets 2015: $161,902,1302015Assets 2016: $158,459,709Liabilities 2016: $510,636Net Assets 2016: $157,949,0732016Assets 2017: $164,364,006Liabilities 2017: $71,890Net Assets 2017: $164,292,1162017Assets 2018: $143,472,057Liabilities 2018: $176,782Net Assets 2018: $143,295,2752018Assets 2019: $154,056,662Liabilities 2019: $312,319Net Assets 2019: $153,744,3432019Assets 2020: $147,048,612Liabilities 2020: $622,831Net Assets 2020: $146,425,7812020Assets 2021: $132,102,350Liabilities 2021: $345,292Net Assets 2021: $131,757,0582021Assets 2022: $107,868,029Liabilities 2022: $185,087Net Assets 2022: $107,682,9422022Assets 2023: $100,049,962Liabilities 2023: $399,218Net Assets 2023: $99,650,7442023Assets 2024: $90,780,888Liabilities 2024: $107,519Net Assets 2024: $90,673,3692024

Highlighted filing

2023

Assets$100,049,962
Liabilities$399,218
Net Assets$99,650,744
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$200M$150M$100M$50M$0-$50MRevenue 2013: $0Expenses 2013: $0Net Income 2013: $02013Revenue 2014: $165,599,943Expenses 2014: $241,776Net Income 2014: $165,358,1672014Revenue 2015: $5,284,086Expenses 2015: $17,277,505Net Income 2015: -$11,993,4192015Revenue 2016: $8,818,559Expenses 2016: $12,706,630Net Income 2016: -$3,888,0712016Revenue 2017: $783,835Expenses 2017: $12,231,863Net Income 2017: -$11,448,0282017Revenue 2018: $5,370,855Expenses 2018: $13,731,407Net Income 2018: -$8,360,5522018Revenue 2019: -$396,101Expenses 2019: $14,375,568Net Income 2019: -$14,771,6692019Revenue 2020: $13,339,292Expenses 2020: $22,299,480Net Income 2020: -$8,960,1882020Revenue 2021: $2,340,203Expenses 2021: $20,966,936Net Income 2021: -$18,626,7332021Revenue 2022: -$421,090Expenses 2022: $17,286,494Net Income 2022: -$17,707,5842022Revenue 2023: $392,925Expenses 2023: $16,517,816Net Income 2023: -$16,124,8912023Revenue 2024: $805,127Expenses 2024: $14,695,873Net Income 2024: -$13,890,7462024

Highlighted filing

2023

Revenue$392,925
Expenses$16,517,816
Net Income-$16,124,891
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$18,340,004
Mission and Program Overview

Mission

Accelerate america's clean energy future with conservative solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$84,046,052$86,439,966▲ $2,393,914
Other Notes and Loans Receivable, Net$5,681,787$7,581,945▲ $1,900,158
Cash and Non-Interest-Bearing Accounts$5,598,179$2,172,920▼ $3,425,259
Investments in Publicly Traded Securities$2,784,968$1,711,806▼ $1,073,162
Investments Program Related$1,354,881$1,354,881→ $0
Prepaid Expenses and Deferred Charges$88,495$678,658▲ $590,163
Accounts Receivable$363--
Savings and Temporary Cash Investments$2$2→ $0
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Land, Buildings, and Equipment, Net-$0-
Loans From Officers Directors-$0-
Total Assets$107,868,029$100,049,962▼ $7,818,067
Other Assets Total$8,313,302$109,784▼ $8,203,518
Liabilities
Accounts Payable and Accrued Expenses$125,575$344,689▲ $219,114
Other Liabilities$59,512$54,529▼ $4,983
Total Liabilities$185,087$399,218▲ $214,131
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$107,682,942$99,650,744▼ $8,032,198
Total Net Assets Fund Balance$107,682,942$99,650,744▼ $8,032,198
Total Liabilities and Net Assets / Fund Balance$107,868,029$100,049,962▼ $7,818,067

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$86,439,966--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeOtherTotal
-PresidentPT$49,596$49,596

Board Members and Trustees

NameTitle
-Board Member
-Chief Financial Officer

Highest Paid Contractors

ContractorServicesLocationCompensation
Watermark Services LLCFinancial advisory, accounting and general1355 Greenwood Cliff Suite 400, Charlotte, NC 28204$1,259,404
AnthroMarketing68 Jay Street Unit N10, Brooklyn, NY 11201$450,429
New Media AdvisorsMarketing931 Cambridge Hall Loop, Apex, NC 27539$180,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$392,925
Other Revenue
$0
Change in Net Assets
$-16,124,891
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$14,324,912
Other Expenses$2,192,904
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$14,324,912--$14,324,912
Fees for Service Investment Mgmnt Fees-$1,259,404-$1,259,404
Fees for Services Other$644,829$0$0$644,829
Fees for Services Accounting-$70,200-$70,200
Travel-$40,348-$40,348
Occupancy$25,648--$25,648
Insurance-$11,329-$11,329
Fees for Services Legal-$4,899-$4,899
Information Technology$4,359$233-$4,592
Office Expenses-$3,255-$3,255
Other Expenses$925--$925
Total Functional Expenses$15,128,148$1,389,668$0$16,517,816
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Goldman Sachs Philanthropy FundNew York, NY501(c)(3)Support of Community Initiatives$7,380,444
1st Street FoundationBrooklyn, NY501(c)(3)To Make Climate Risk Accessible, Easy to Understand and Actionable for Individuals, Governments, and Industry.$3,620,000
Clearpath IncWashington, DC501(c)(3)Support for Clean Energy Innovation Initiatives$1,320,009
American Flood CoalitionWashington, DC501(c)(3)Support of Community Initiatives$1,304,109
Schwab Charitable FundSan Francisco, CA501(c)(3)Support of Community Initiatives$500,000
The National Christian FoundationAlpharetta, GA501(c)(3)Support Faith Based Initiatives$120,000
American Conservation CoalitionWashington, DC501(c)(3)To reduce greenhouse gas emissions$75,350

International Summary

Offices
0
Employees
0
Spending
$31,327,443

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestments-00$31,327,443
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OfficerFinancial advisory, accounting and generalNo$1,259,404
-DirectorMarketingNo$450,429

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
Credit Card Payable$54,529
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
Yes
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 15

“The President reviews all salaries & compensation annually. The Board of Directors approve the budgets. Comparability data is used in the compensation planning process.”

Form 990, Part VI, Line 2 Family/business relationships amongst interested persons

“Jay Faison and Mark Bruinooge - Business relationship”

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

“Jay Faison shall have the right to appoint two Directors. The Supported Organization Directors shall each be a person who is not a "disqualified person" as that term is described in section 4946 of the Internal Revenue Code.”

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

“The Form 990 is reviewed by select officers and members of the board of directors and a copy is available upon request to the board of directors.”

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

“Management monitors conflicts of interest through a monthly evaluation of all Organization initiatives against our approved strategic plan. Initiatives are evaluated for impact against our strategic plan which is updated and presented at quarterly board meetings. Board members have the opportunity to evaluate all financial and business dealings that support the Organizations activities.”

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

“The Organization's documents are available upon request.”

Filing and Contact Details

Filer

Filer Name
2040 Foundation Inc
EIN
46-3891359
Phone
7049450487
Address
1355 Greenwood Cliff Drive 400, Charlotte, NC 28204

Signing Officer

Name
Jay W Faison
Title
President
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2013
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Financial Statement Notes

Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote

“The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and therefore no provision for income taxes has been made in the accompanying financial statement. The Organization records liabilities for income tax provisions taken or expected to be taken when those positions are deemed uncertain to be upheld in an examination by taxing authorities as of December 31, 2023. No liabilities for uncertain income tax positions were recorded as of December 31, 2023.”

Raw XML AppendixShowing 400 of 690 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.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0125575
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0344689
IRS990/AccountsReceivableGrp/BOYAmt0363
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0Accelerate America's clean energy future with conservative solutions.
IRS990/AllOtherExpensesGrp/FundraisingAmt00
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt00
IRS990/AllOtherExpensesGrp/ProgramServicesAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Jay W Faison
IRS990/BooksInCareOfDetail/PhoneNum07049450487
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01355 Greenwood Cliff Drive Ste 400
IRS990/BooksInCareOfDetail/USAddress/CityNm0Charlotte
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0NC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd028204
IRS990/BusinessRlnWith35CtrlEntInd0true
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt05598179
IRS990/CashNonInterestBearingGrp/EOYAmt02172920
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt01259404
IRS990/ContractorCompensationGrp/CompensationAmt1450429
IRS990/ContractorCompensationGrp/CompensationAmt2180000
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt01355 Greenwood Cliff Suite 400
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt168 Jay Street Unit N10
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2931 Cambridge Hall Loop
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0Charlotte
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1Brooklyn
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2Apex
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2NC
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd028204
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd111201
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd227539
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0Watermark Services LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1Anthro
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2New Media Advisors
IRS990/ContractorCompensationGrp/ServicesDesc0Financial advisory, accounting and general
IRS990/ContractorCompensationGrp/ServicesDesc1Marketing
IRS990/ContractorCompensationGrp/ServicesDesc2Marketing
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt014324912
IRS990/CYInvestmentIncomeAmt0392925
IRS990/CYOtherExpensesAmt02192904
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-16124891
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt016517816
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0392925
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/Desc0Through financial assistance and educational programs, 2040 Foundation Inc provided extensive research and analysis to the general public, provided insights to federal and state government policy makers on the benefits of clean energy solutions, enhanced the ability of faith-based public charities to scale up their social impact, and supported clean energy programs by providing financial support to other public charities.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0true
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt015128148
IRS990/FamilyOrBusinessRlnInd0true
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt070200
IRS990/FeesForServicesAccountingGrp/TotalAmt070200
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt04899
IRS990/FeesForServicesLegalGrp/TotalAmt04899
IRS990/FeesForServicesOtherGrp/FundraisingAmt00
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0644829
IRS990/FeesForServicesOtherGrp/TotalAmt0644829
IRS990/FeesForSrvcInvstMgmntFeesGrp/ManagementAndGeneralAmt01259404
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt01259404
IRS990/ForeignActivitiesInd0true
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt01.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt138.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt05.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.0
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.0
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt0Jay W Faison
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt1Bill Clements
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt2Dana Ring
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Matthew Eby
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Rich Powell
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Mark T Bruinooge
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt035780
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt221514
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt310868
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt462659
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt013816
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2227735
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3389132
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt4697174
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board Member
IRS990/Form990PartVIISectionAGrp/TitleTxt5Chief Financial Officer
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/Form990TFiledInd0true
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GainOrLossGrp/OtherAmt00
IRS990/GainOrLossGrp/SecuritiesAmt0-43351
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GrantAmt014324912
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt014324912
IRS990/GrantsToDomesticOrgsGrp/TotalAmt014324912
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt017903728
IRS990/GrossReceiptsAmt018340004
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt03
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt0233
IRS990/InformationTechnologyGrp/ProgramServicesAmt04359
IRS990/InformationTechnologyGrp/TotalAmt04592
IRS990/InsuranceGrp/ManagementAndGeneralAmt011329
IRS990/InsuranceGrp/TotalAmt011329
IRS990/InvestmentIncomeGrp/ExclusionAmt0230771
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0436276
IRS990/InvestmentIncomeGrp/UnrelatedBusinessRevenueAmt0205505
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsOtherSecuritiesGrp/BOYAmt084046052
IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt086439966
IRS990/InvestmentsProgramRelatedGrp/BOYAmt01354881
IRS990/InvestmentsProgramRelatedGrp/EOYAmt01354881
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02784968
IRS990/InvestmentsPubTradedSecGrp/EOYAmt01711806
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt00
IRS990/LegalDomicileStateCd0NC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt017947079
IRS990/LoanOutstandingInd0false
IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/ExclusionAmt00
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt00
IRS990/MiscellaneousRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/MissionDesc0Accelerate America's clean energy future with conservative solutions.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0107682942
IRS990/NetAssetsOrFundBalancesEOYAmt099650744
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-43351
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-43351
IRS990/NetUnrelatedBusTxblIncmAmt0177246
IRS990/NetUnrlzdGainsLossesInvstAmt07903538
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0107682942
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt099650744
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt025648
IRS990/OccupancyGrp/TotalAmt025648
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03255
IRS990/OfficeExpensesGrp/TotalAmt03255
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt08313302
IRS990/OtherAssetsTotalGrp/EOYAmt0109784
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Methane
IRS990/OtherExpensesGrp/Desc1UBI Income Tax
IRS990/OtherExpensesGrp/Desc2Subscription Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt077588
IRS990/OtherExpensesGrp/ProgramServicesAmt149887
IRS990/OtherExpensesGrp/ProgramServicesAmt2925
IRS990/OtherExpensesGrp/TotalAmt077588
IRS990/OtherExpensesGrp/TotalAmt149887
IRS990/OtherExpensesGrp/TotalAmt2925
IRS990/OtherLiabilitiesGrp/BOYAmt059512
IRS990/OtherLiabilitiesGrp/EOYAmt054529
IRS990/OtherRevenueTotalAmt00
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt05681787
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt07581945
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt088495
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0678658
IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Jay W Faison
IRS990/PriorPeriodAdjustmentsAmt0189155
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt015806571
IRS990/PYInvestmentIncomeAmt0-453480
IRS990/PYOtherExpensesAmt01479923
IRS990/PYOtherRevenueAmt032390
IRS990/PYRevenuesLessExpensesAmt0-17707584
IRS990/PYTotalExpensesAmt017286494
IRS990/PYTotalRevenueAmt0-421090
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0-16124891
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0true
IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE AMENDED ARTICLES DESIGNATES SUPPORTED ORGANIZATIONS BY NAME AND BY TYPE. MORE SPECIFICALLY, THE ORGANIZATION SHALL MAKE CHARITABLE CONTRIBUTIONS TO SPECIFIC ORGANIZATIONS LISTED IN THE ARTICLES OR TO SUCH OTHER ORGANIZATIONS THAT ARE EXEMPT FROM UNITED STATES FEDERAL INCOME TAXES UNDER SECTION 501(A) AND 501(C) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF SUBSEQUENT INTERNAL REVENUE LAW.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt03
IRS990ScheduleA/SupportedOrganizationsTotalCnt03
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0825026325
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1581493949
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2814308701
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd1true
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd2true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd27
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01320009
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1120000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt23620000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Clearpath Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1National Christian Charitable Foundation Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt21st Street Foundation Inc
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt05060009
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt054529
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Payable
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt086439966
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments in various non-publicaly traded partnerships and corporations
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and therefore no provision for income taxes has been made in the accompanying financial statement. The Organization records liabilities for income tax provisions taken or expected to be taken when those positions are deemed uncertain to be upheld in an examination by taxing authorities as of December 31, 2023. No liabilities for uncertain income tax positions were recorded as of December 31, 2023.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
IRS990ScheduleD/TotalBookValueSecuritiesAmt086439966
IRS990ScheduleD/TotalLiabilityAmt054529
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt031327443
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investments
IRS990ScheduleF/BoycottCountriesInd0false
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd0false
IRS990ScheduleF/ForeignPartnershipInd0true
IRS990ScheduleF/InterestInForeignTrustInd0false
IRS990ScheduleF/PassiveForeignInvestmestCoInd0false
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt031327443
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0CENTRAL AMERICA AND THE CARIBBEA
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt031327443
IRS990ScheduleF/TransferToForeignCorpInd0true
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt01320009
IRS990ScheduleI/RecipientTable/CashGrantAmt1120000
IRS990ScheduleI/RecipientTable/CashGrantAmt21304109
IRS990ScheduleI/RecipientTable/CashGrantAmt37380444
IRS990ScheduleI/RecipientTable/CashGrantAmt4500000
IRS990ScheduleI/RecipientTable/CashGrantAmt575350
IRS990ScheduleI/RecipientTable/CashGrantAmt63620000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc2501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc3501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc4501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc5501(c)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc6501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Support for Clean Energy Innovation Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1Support Faith Based Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Support of Community Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Support of Community Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Support of Community Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5To reduce greenhouse gas emissions
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6TO MAKE CLIMATE RISK ACCESSIBLE, EASY TO UNDERSTAND AND ACTIONABLE FOR INDIVIDUALS, GOVERNMENTS, AND INDUSTRY.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Clearpath Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1The National Christian Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2American Flood Coalition
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3Goldman Sachs Philanthropy Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4Schwab Charitable Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5American Conservation Coalition
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt61st Street Foundation
IRS990ScheduleI/RecipientTable/RecipientEIN0825026325
IRS990ScheduleI/RecipientTable/RecipientEIN1581493949
IRS990ScheduleI/RecipientTable/RecipientEIN2831940124
IRS990ScheduleI/RecipientTable/RecipientEIN3311774905
IRS990ScheduleI/RecipientTable/RecipientEIN4311640316
IRS990ScheduleI/RecipientTable/RecipientEIN5823815628
IRS990ScheduleI/RecipientTable/RecipientEIN6814308701
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0611 Maryland Avenue NE
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt111625 Rainwater Drive Suite 500
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt21501 M St NW STE 430
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt3200 West St FL 15
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt4211 Main Street
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt51100 H Street NW Suite 1200
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt632 Bridge St Bsmt 3
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Alpharetta
IRS990ScheduleI/RecipientTable/USAddress/CityNm2Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm3New York
IRS990ScheduleI/RecipientTable/USAddress/CityNm4San Francisco
IRS990ScheduleI/RecipientTable/USAddress/CityNm5Washington
IRS990ScheduleI/RecipientTable/USAddress/CityNm6Brooklyn

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$100,049,962
Liabilities
$399,218
Net assets
$99,650,744
Revenue
$392,925
Expenses
$16,517,816
Net income
-$16,124,891
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$90.8$0.11$90.7$0.81$14.7$13.9
2023Detailed filing. Detailed filing data is available for this year.$100$0.40$99.7$0.39$16.5$16.1
2022Detailed filing. Detailed filing data is available for this year.$108$0.19$108$0.42$17.3$17.7
2021Detailed filing. Detailed filing data is available for this year.$132$0.35$132$2.34$21.0$18.6
2020Detailed filing. Detailed filing data is available for this year.$147$0.62$146$13.3$22.3$8.96
2019Detailed filing. Detailed filing data is available for this year.$154$0.31$154$0.40$14.4$14.8
2018Detailed filing. Detailed filing data is available for this year.$143$0.18$143$5.37$13.7$8.36
2017Detailed filing. Detailed filing data is available for this year.$164$0.07$164$0.78$12.2$11.4
2016Detailed filing. Detailed filing data is available for this year.$158$0.51$158$8.82$12.7$3.89
2015Detailed filing. Detailed filing data is available for this year.$162$0.02$162$5.28$17.3$12.0
2014Detailed filing. Detailed filing data is available for this year.$166$0.53$165$166$0.24$165
2013Summary only. Only limited summary data is available for this year.$0.00$0.00$0.00$0.00$0.00