Civic Intelligence

Clearpath Foundation Inc

990 • Fiscal year 2019 • EIN 46-3891359

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 16, 2020

Organization Profilewww.mission2040.org

View Organization Page

1355 Greenwood Cliff Drive Ste 301Charlotte, NC 28204

(704) 945-0487

Siviq Scores

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

Liabilities / Assets

5th percentile

0.00x

Higher debt load relative to assets than 5% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2019

Net Margin

100th percentile

3729%

Higher net margin than 100% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Top Officer Pay

62nd percentile

$610,745

Higher top officer pay than 62% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Source year 2019

Asset Growth

60th percentile

7.4%

Faster asset growth than 60% of similar nonprofits.

2019 filings • 501(c)3 • $100M-$250M nonprofits • Annualized from 2018 to 2019

Revenue Growth

Score unavailable

No value available

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

Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets5th percentile

Assets

Up

$154,056,662

Up $10,584,605 (+7.4%) from 2018

Net Assets

Up

$153,744,343

Up $10,449,068 (+7.3%) from 2018

Liabilities

Up

$312,319

Up $135,537 (+77%) from 2018

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin100th percentile

Revenue

Down

-$396,101

Down $5,766,956 (-107%) from 2018

Expenses

Up

$14,375,568

Up $644,161 (+4.7%) from 2018

Net Income

Down

-$14,771,669

Down $6,411,117 (-77%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2019

Assets$154,056,662
Liabilities$312,319
Net Assets$153,744,343
Open 2019 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

2019

Revenue-$396,101
Expenses$14,375,568
Net Income-$14,771,669
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 16, 2020
Return Version
2019v5.1
Gross Receipts
$1,183,387
Mission and Program Overview

Mission

Accelerate america's clean energy future with conservative solutions.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$88,294,363$92,088,454▲ $3,794,091
Investments in Publicly Traded Securities$30,518,680$31,452,578▲ $933,898
Cash and Non-Interest-Bearing Accounts$19,235,603$25,056,534▲ $5,820,931
Land, Buildings, and Equipment, Net$2,753,592$2,433,775▼ $319,817
Other Notes and Loans Receivable, Net$1,760,170$1,944,215▲ $184,045
Investments Program Related$774,658$890,856▲ $116,198
Prepaid Expenses and Deferred Charges$48,495$138,495▲ $90,000
Accounts Receivable$83,496$48,755▼ $34,741
Total Assets$143,472,057$154,056,662▲ $10,584,605
Other Assets Total$3,000$3,000→ $0
Liabilities
Accounts Payable and Accrued Expenses$116,694$235,077▲ $118,383
Other Liabilities$60,088$77,242▲ $17,154
Total Liabilities$176,782$312,319▲ $135,537
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$143,295,275$153,744,343▲ $10,449,068
Total Net Assets Fund Balance$143,295,275$153,744,343▲ $10,449,068
Total Liabilities and Net Assets / Fund Balance$143,472,057$154,056,662▲ $10,584,605

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,433,775$64,047$2,497,822
Other Securities$92,088,454--
Compensation and Service Providers
Top Officer Pay62nd percentile

Board Members and Trustees

NameTitle
Jay W FaisonPresident
Bill ClementsBoard Member
Dana RingBoard Member
Rich PowellBoard Member
Tommy HunterBoard Member

Highest Paid Contractors

ContractorServicesLocationCompensation
Watermark Services LLCFinancial advisory, accounting and gener1355 Greenwood Cliff Suite 300, Charlotte, NC 28204$1,078,432
AnthroMarketing68 Jay Street, Brooklyn, NY 11201$261,817
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$-396,101
Other Revenue
$0
Change in Net Assets
$-14,771,669

Audited Revenue Reconciliation

Revenue per Audited Statements
$-396,101
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$25,325,737
Total Revenue per Audited Statements
$24,929,636
Total Revenue per Form 990
$-396,101
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$11,908,125
Other Expenses$2,454,845
Salaries, Compensation, and Employee Benefits$12,598
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$11,908,125--$11,908,125
Fees for Service Investment Mgmnt Fees-$962,491-$962,491
Office Expenses-$534,759-$534,759
Fees for Services Other$471,530$1,500-$473,030
Fees for Services Accounting-$136,935-$136,935
Fees for Services Legal-$116,258-$116,258
Travel-$78,185-$78,185
Depreciation Depletion-$64,047-$64,047
Information Technology$7,946$30,055-$38,001
Occupancy$13,071--$13,071
Other Salaries and Wages-$11,785-$11,785
Insurance-$2,967-$2,967
Advertising$2,814--$2,814
Other Expenses$2,589--$2,589
All Other Expenses$1,790--$1,790
Payroll Taxes-$813-$813
Total Functional Expenses$12,435,773$1,939,795$0$14,375,568

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$14,480,568
Expenses per Audited Statements$14,375,568
Total Expenses per Form 990$14,375,568
Expenses Not Reported on Form 990$105,000
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Schwab CharitableOrlando, FL501(c)(3)Support for Clean Enery Initiatives$5,560,000
Clearpath IncWashington, DC501(c)(3)Support for Clean Energy Innovation Initiatives$3,725,000
American Flood CoalitionWashington, DC501(c)(3)Support of Community Initiatives$1,139,000
Goldman Sachs Philanthropy FundNew York, NY501(c)(3)Support of Community Initiatives$850,000
The Greenlight FundBoston, MA501(c)(3)Support of Community Initiatives$414,125
The National Christian FoundationAlpharetta, GA501(c)(3)Support Faith Based Initiatives$120,000
The Mentoring AllianceTyler, TX501(c)(3)Support of Community Initiatives$100,000

International Summary

Offices
0
Employees
0
Spending
$77,167,655

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Central America and the CaribbeanInvestment in passive foreign investment companies-00$77,167,655
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Mark T BruinoogeKey EmployeeFinancial advisory, accounting and general management servicesNo$1,078,432
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Credit Card Payable$77,242
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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, Section A, line 7A

“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, Section B, line 11B

“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, Section B, line 12C

“Management monitors conflicts of interest through a monthly evaluation of all Organization initatives against our approved strategic plan. Initiatives are evaulated 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, Section B, 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, Section C, line 19

“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 Ste 301, Charlotte, NC 28204

Signing Officer

Name
Jay W Faison
Title
President
Phone
7049450487
Signed
2020-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jay W Faison
Formed
2013
Legal Domicile
Nc
Voting Board Members
5
Independent Board Members
3
Employees
1
Volunteers
0

Preparer

Firm
Dixon Hughes Goodman LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Amy Bibby
Phone
8282542254
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“UBTI - Federal Income Tax -105,000.”

Financial Statement Notes

Part X, Line 2:

“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, 2019. No liabilities for uncertain income tax positions were recorded as of December 31, 2019.”

Part XII, Line 2D - Other Adjustments:

“UBTI - Federal Income Tax 105,000.”

Raw XML AppendixShowing 400 of 666 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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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.
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IRS990/OtherExpensesGrp/Desc2Subscription Expense
IRS990/OtherExpensesGrp/Desc3Other Expenses
IRS990/OtherExpensesGrp/ProgramServicesAmt017000
IRS990/OtherExpensesGrp/ProgramServicesAmt18258
IRS990/OtherExpensesGrp/ProgramServicesAmt22650
IRS990/OtherExpensesGrp/ProgramServicesAmt32589
IRS990/OtherExpensesGrp/TotalAmt017000
IRS990/OtherExpensesGrp/TotalAmt18258
IRS990/OtherExpensesGrp/TotalAmt22650
IRS990/OtherExpensesGrp/TotalAmt32589
IRS990/OtherLiabilitiesGrp/BOYAmt060088
IRS990/OtherLiabilitiesGrp/EOYAmt077242
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011785
IRS990/OtherSalariesAndWagesGrp/TotalAmt011785
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01760170
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01944215
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0813
IRS990/PayrollTaxesGrp/TotalAmt0813
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048495
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0138495
IRS990/PrincipalOfficerNm0Jay W Faison
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt07920000
IRS990/PYInvestmentIncomeAmt05173890
IRS990/PYOtherExpensesAmt03218871
IRS990/PYOtherRevenueAmt0196965
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-8360552
IRS990/PYSalariesCompEmpBnftPaidAmt02592536
IRS990/PYTotalExpensesAmt013731407
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05370855
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-14771669
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgClassDesignatedInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
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/ExplanationTxt1THE ARTICLES OF INCORPORATION AND BYLAWS WERE AMENDED TO REMOVE THE ENERGY INNOVATION REFORM PROJECT (46-1491204) AS A SUPPORTED ORGANIZATION AND REPLACE IT WITH CLEARPATH, INC (82-5026325) THE MISSION OF CLEARPATH, INC ALIGNS BETIER WITH THE GOALS OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0Part IV, Section A, Line 1:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1Part IV, Section A, Line 5a:
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt04
IRS990ScheduleA/SupportedOrganizationsTotalCnt04
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0825026325
IRS990ScheduleA/SupportedOrgInformationGrp/EIN1581493949
IRS990ScheduleA/SupportedOrgInformationGrp/EIN2200407083
IRS990ScheduleA/SupportedOrgInformationGrp/EIN3752541408
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd11
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd21
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd31
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd17
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd27
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd37
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt10
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt20
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt30
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03725000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt1120000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt2414125
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt3100000
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Clearpath Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt1National Christian Charitable Foundation Inc
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt2The Greenlight Fund
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt3The Mentoring Alliance
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt04359125
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt02433775
IRS990ScheduleD/BuildingsGrp/DepreciationAmt064047
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt02497822
IRS990ScheduleD/ExpensesNotReportedAmt0105000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt014375568
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt025325737
IRS990ScheduleD/OtherExpensesIncludedAmt0105000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt077242
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Credit Card Payable
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt092088454
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Investments in various non-publicaly traded partnerships and corporations
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/RevenueNotReportedAmt025325737
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0-396101
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, 2019. No liabilities for uncertain income tax positions were recorded as of December 31, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1UBTI - Federal Income Tax 105,000.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02433775
IRS990ScheduleD/TotalBookValueSecuritiesAmt092088454
IRS990ScheduleD/TotalExpensesPerForm990Amt014375568
IRS990ScheduleD/TotalLiabilityAmt077242
IRS990ScheduleD/TotalRevenuePerForm990Amt0-396101
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt024929636
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt014480568
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt077167655
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0Central America and the Caribbean
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0Investment in passive foreign investment companies
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd01
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt077167655
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0Part III Accounting Method:
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt077167655
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleI/GrantRecordsMaintainedInd00
IRS990ScheduleI/RecipientTable/CashGrantAmt03725000
IRS990ScheduleI/RecipientTable/CashGrantAmt15560000
IRS990ScheduleI/RecipientTable/CashGrantAmt2120000
IRS990ScheduleI/RecipientTable/CashGrantAmt3414125
IRS990ScheduleI/RecipientTable/CashGrantAmt4100000
IRS990ScheduleI/RecipientTable/CashGrantAmt51139000
IRS990ScheduleI/RecipientTable/CashGrantAmt6850000
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 for Clean Enery Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2Support Faith Based Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3Support of Community Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4Support of Community Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5Support of Community Initiatives
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6Support of Community Initiatives
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Clearpath Inc
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1Schwab Charitable
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt2The National Christian Foundation
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt3The Greenlight Fund
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt4The Mentoring Alliance
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt5American Flood Coalition
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt6Goldman Sachs Philanthropy Fund
IRS990ScheduleI/RecipientTable/RecipientEIN0463891359
IRS990ScheduleI/RecipientTable/RecipientEIN1311640316
IRS990ScheduleI/RecipientTable/RecipientEIN2581493949
IRS990ScheduleI/RecipientTable/RecipientEIN3200407083
IRS990ScheduleI/RecipientTable/RecipientEIN4752541408
IRS990ScheduleI/RecipientTable/RecipientEIN5831940124

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$154,056,662
Liabilities
$312,319
Net assets
$153,744,343
Revenue
-$396,101
Expenses
$14,375,568
Net income
-$14,771,669
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