Civic Intelligence

Breakthrough Energy Action Inc

990 • Fiscal year 2023 • EIN 85-3694865

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

PO Box 563Kirkland, WA 98083

(425) 497-4300

Siviq Scores

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

Liabilities / Assets

20th percentile

0.00x

Higher debt load relative to assets than 20% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

40th percentile

0.18x

Higher debt load relative to revenue than 40% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Net Margin

1st percentile

-1316%

Higher net margin than 1% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

16th percentile

$0

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Source year 2023

Asset Growth

1st percentile

-28%

Faster asset growth than 1% of similar nonprofits.

2023 filings • 501(c)4 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2023 filings • $50M-$100M nonprofits • Annualized from 2022 to 2023

Assets

Down

$51,744,346

Down $20,302,956 (-28%) from 2022

Net Assets

Down

$51,499,221

Down $17,769,444 (-26%) from 2022

Liabilities

Down

$245,125

Down $2,533,512 (-91%) from 2022

Revenue

Down

$1,350,335

Down $48,708,377 (-97%) from 2022

Expenses

Down

$19,119,779

Down $19,140,346 (-50%) from 2022

Net Income

Down

-$17,769,444

Down $29,568,031 (-251%) from 2022

Historical Trend

Balance Sheet Trend

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

$80M$60M$40M$20M$0Assets 2021: $60,943,660Liabilities 2021: $680,169Net Assets 2021: $60,263,4912021Assets 2022: $72,047,302Liabilities 2022: $2,778,637Net Assets 2022: $69,268,6652022Assets 2023: $51,744,346Liabilities 2023: $245,125Net Assets 2023: $51,499,2212023Assets 2024: $24,490,334Liabilities 2024: $438,553Net Assets 2024: $24,051,7812024

Highlighted filing

2023

Assets$51,744,346
Liabilities$245,125
Net Assets$51,499,221

Operations Trend

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

$100M$50M$0-$50MRevenue 2021: $61,027,137Expenses 2021: $763,646Net Income 2021: $60,263,4912021Revenue 2022: $50,058,712Expenses 2022: $38,260,125Net Income 2022: $11,798,5872022Revenue 2023: $1,350,335Expenses 2023: $19,119,779Net Income 2023: -$17,769,4442023Revenue 2024: $4,748,389Expenses 2024: $32,195,829Net Income 2024: -$27,447,4402024

Highlighted filing

2023

Revenue$1,350,335
Expenses$19,119,779
Net Income-$17,769,444
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$1,350,335
Mission and Program Overview

Mission

To address the worst effects of climate change through supporting innovation that will help the creation and scaling of necessary climate-related innovations by educating the public and government officials and advocating for policy and legislative changes.

Breakthrough Energy is accelerating transformation by supporting cutting-edge research and development, investing in companies that turn green ideas into clean products, and advocating for policies that speed innovation from lab to market. Through philanthropic programs, policy and advocacy efforts, and other initiatives, Breakthrough Energy works with a global network of partners to accelerate the technologies we need to build a carbon-free economy.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$39,539,547$29,693,031▼ $9,846,516
Savings and Temporary Cash Investments$24,345,119$15,518,382▼ $8,826,737
Cash and Non-Interest-Bearing Accounts$7,621,331$6,532,933▼ $1,088,398
Accounts Receivable$541,305$0▼ $541,305
Other Notes and Loans Receivable, Net$0--
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Land, Buildings, and Equipment, Net$0$0→ $0
Pd in Cap Srpls Land Bldg Eqp Fund$0--
Cap Stk Tr Prin Current Funds$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0--
Total Assets$72,047,302$51,744,346▼ $20,302,956
Other Assets Total$0$0→ $0
Liabilities
Grants Payable$2,745,017$150,000▼ $2,595,017
Accounts Payable and Accrued Expenses$33,620$95,125▲ $61,505
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Other Liabilities$0$0→ $0
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$2,778,637$245,125▼ $2,533,512
Net Assets / Fund Balance
Net Assets With Donor Restrictions$39,539,547$29,693,031▼ $9,846,516
Net Assets Without Donor Restrictions$29,729,118$21,806,190▼ $7,922,928
Total Net Assets Fund Balance$69,268,665$51,499,221▼ $17,769,444
Total Liabilities and Net Assets / Fund Balance$72,047,302$51,744,346▼ $20,302,956
Compensation and Service Providers

Board Members and Trustees

NameTitle
-Director
-Managing Director
-Evp
-Secretary & Treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Kountoupes Denham Carr & ReidAdvocacy & Consulting607 14TH STREET NW, Washington, DC 20005$330,000
Boundary Stone Partners LLCAdvocacy & Consulting1001 PENNSYLVANIA AVE NW, Washington, DC 20004$200,000
Tiber Creek Group INCAdvocacy & Consulting750 9TH STREET NW, Washington, DC 20001$180,124
Precision Strategies LLCAdvocacy & Consulting901 NEW YORK AVE NW STE 530, Washington, DC 20007$110,000
Revenue and Support

Revenue Composition

Contributions and Grants
$153,484
Program Service Revenue
$0
Investment Income
$1,173,262
Other Revenue
$23,589
All Other Contributions
$153,484
Change in Net Assets
$-17,769,444

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,350,335
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$1,350,335
Total Revenue per Form 990
$1,350,335
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$17,990,191
Other Expenses$1,129,588
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$17,990,191--$17,990,191
Fees for Services Other$797,399$0$0$797,399
Fees for Services Lobbying$220,000$0$0$220,000
Fees for Services Accounting$0$63,130$0$63,130
Other Expenses$0$810$0$810
Travel$124$0$0$124
Total Functional Expenses$19,055,839$63,940$0$19,119,779

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$21,815,468
Expenses per Audited Statements$19,119,779
Total Expenses per Form 990$19,119,779
Expenses Not Reported on Form 990$2,695,689
Expenses Not Reported on Financial Statements$0
Other Expense Adjustments$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
League of Conservation Voters IncWashington, DC501(c)(4)Policy Implementation$3,300,000
Future Forward USA ActionWashington, DC501(c)(4)Policy Implementation$3,250,000
Clearpath Action for Conservative Clean Energy IncCharlotte, NC501(c)(4)Policy Implementation$1,750,000
Clean Energy Buyers AssociationWashington, DC501(c)(6)Policy Implementation$1,200,000
Bluegreen Alliance IncMinneapolis, MN501(c)(4)Policy Implementation$955,701
Catf Action IncBoston, MA501(c)(4)Policy Implementation$900,000
Potential Energy Action Network IncNew York, NY501(c)(4)Policy Implementation$750,000
Clean Energy for America IncWashington, DC501(c)(4)Policy Implementation$650,000
Climate PowerWashington, DC501(c)(4)Policy Implementation$600,000
Nrdc Action Fund IncNew York, NY501(c)(4)Policy Implementation$599,547
Citizens for Responsible Energy Solutions IncWashington, DC501(c)(4)Policy Implementation$508,227
Conservatives for a Clean Energy FutureLansing, MI501(c)(4)Policy Implementation$470,000
Rainey Center Freedom ProjectWashington, DC501(c)(4)Policy Implementation$450,000
Carbon Removal AllianceWashington, DC501(c)(4)Policy Implementation$300,000
Third WayWashington, DC501(c)(4)Policy Implementation$257,341
Clean Energy Grid ActionWashington, DC501(c)(4)Policy Implementation$250,000
Evergreen ActionSeattle, WA501(c)(4)Policy Implementation$250,000
Bipartisan Policy Center Action IncWashington, DC501(c)(4)Policy Development$210,000
Bbt IncWashington, DC501(c)(4)Policy Implementation$200,000
Center for Climate and Energy SolutionsArlington, VA501(c)(3)Policy Implementation$200,000
Clean Energy Business NetworkWashington, DC501(c)(6)Policy Implementation$200,000
Energy Action FundSan Francisco, CA501(c)(4)Policy Implementation$200,000
Electricity Consumers Resource CouncilWashington, DC501(c)(6)Policy Implementation$175,000
Gen-Z for Change IncWashington, DC501(c)(4)Policy Implementation$100,000
Joseph Rainey Center for Public Policy IncorporatedWashington, DC501(c)(3)Policy Development$75,000
Citizens for Responsible Energy Solutions IncWashington, DC501(c)(4)Policy Development$70,781
Conservative Coalition for Climate Solutions Action IncFalls Church, VA501(c)(4)Policy Implementation$50,000
Bipartisan Policy Center Action IncWashington, DC501(c)(4)Policy Implementation$40,000
Third WayWashington, DC501(c)(4)Policy Development$28,594
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
Yes
Subject to proxy tax
No

Reported Spending and Taxes

Line ItemAmount
Political Expenditures$3,470,000
Total Exempt Function Spending$3,470,000
Section 527 Activity Spending$0

Section 527 Organizations

OrganizationLocationAmount
82-4170762Washington, DC$1,440,000
52-1733698Washington, DC$1,200,000
82-5201195Lansing, MI$470,000
86-3168346Washington, DC$260,000
92-2336814Washington, DC$100,000
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
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
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

Breakthrough energy action has two members.

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

The members of the breakthrough energy action have the right to appoint and remove the directors of the foundation.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

Members have the power to appoint successor members.

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

The draft return is reviewed by the finance and legal functions and approved by the secretary and treasurer. A final version of the form is provided to the board after filing with the irs.

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

The conflict of interest policy applies to directors, officers and key employees. They are required to disclose potential conflicts with respect to any transaction to the board of directors, or a committee thereof, which determines if there is a conflict. If there is a conflict, the person with the conflict must refrain from attempting to influence decisions regarding the transaction and is not permitted to participate in discussions of the transaction except to respond to requests for information about the transaction. Directors, officers and key employees are required to annually complete statements disclosing family members and related entities who may do business with the organization. These statements are reviewed by the organization's legal counsel and are available for inspection by members of the board of directors.

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

These documents are not available for public inspection.

Filing and Contact Details

Filer

Filer Name
Breakthrough Energy Action Inc
EIN
85-3694865
Phone
4254974300
Address
PO BOX 563, KIRKLAND, WA 98083

Signing Officer

Name
Cindy Leeper
Title
Secretary/Treasurer
Phone
2022162050
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Formed
2020
Legal Domicile
De
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Ernst & Young US Llp
Address
1101 NEW YORK AVENUE NW, Washington, DC 20005
Preparer
Amber N Doane
Phone
2023276000
Supplemental Narrative

Financial Statement Notes

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

The Organization follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Organization is exempt from federal income tax under Section 501(c)(4) of the Internal Revenue Code, though it would be subject to tax on income unrelated to its exempt purpose, should such revenues exist. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income and to identify and evaluate other matters that may be considered tax positions. The Organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.

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IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt0CLEAN ENERGY FOR AMERICA INC
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt1CLEAN ENERGY GRID ACTION
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt2CONSERVATIVES FOR A CLEAN ENERGY FUTURE
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt3FUTURE FORWARD USA ACTION
IRS990ScheduleC/Section527PoliticalOrgGrp/OrganizationBusinessName/BusinessNameLine1Txt4LEAGUE OF CONSERVATION VOTERS INC
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IRS990ScheduleC/Section527PoliticalOrgGrp/USAddress/AddressLine1Txt2106 ALLEGAN
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IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION PARTICIPATES IN GRANT-MAKING TO ORGANIZATIONS THAT ADVOCATE FOR POLICIES TARGETED TO REDUCE GREENHOUSE GASES AND PROMOTE CANDIDATES WHO ARE ENVIRONMENTAL CHAMPIONS.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule C, Part I-A, Line 1 Description of Political Activities
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization follows guidance that clarifies the accounting for uncertainty in tax positions taken or expected to be taken in a tax return, including issues relating to financial statement recognition and measurement. This guidance provides that the tax effects from an uncertain tax position can only be recognized in the financial statements if the position is "more-likely-than-not" to be sustained if the position were to be challenged by a taxing authority. The assessment of the tax position is based solely on the technical merits of the position, without regard to the likelihood that the tax position may be challenged. The Organization is exempt from federal income tax under Section 501(c)(4) of the Internal Revenue Code, though it would be subject to tax on income unrelated to its exempt purpose, should such revenues exist. The Organization has processes presently in place to ensure the maintenance of its tax-exempt status; to identify and report unrelated income and to identify and evaluate other matters that may be considered tax positions. The Organization has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote
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