Civic Intelligence

Climatehaven Inc

EIN 92-0306841 • 501(c)3 • New Haven, CT

Profile

Climatehaven is a climate tech incubator for world-class innovators and entrepreneurs working to develop, commercialize and scale breakthrough climate solutions. Our dynamic ecosystem offers access to workspace, prototyping and lab space, a network of expert advisors, mentors and investors, and a full range of company-building support to accelerate their journeys from lab to market.

770 Chapel StreetNew Haven, CT 06510

www.climatehaven.tech

Siviq Scores

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

Liabilities / Assets

63rd percentile

0.16x

Higher debt load relative to assets than 63% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.29x

Higher debt load relative to revenue than 72% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

16th percentile

-18%

Higher net margin than 16% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

97th percentile

155%

Faster asset growth than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

17th percentile

-15%

Faster revenue growth than 17% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,126,965

Up $1,293,354 (+155%) from 2023

Liabilities

Up

$344,088

Up $202,665 (+143%) from 2023

Net Assets

Up

$1,782,877

Up $1,090,689 (+158%) from 2023

Revenue

Down

$1,191,446

Down $211,287 (-15%) from 2023

Expenses

Up

$1,400,348

Up $689,803 (+97%) from 2023

Net Income

Down

-$208,902

Down $901,090 (-130%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2023: $833,611Liabilities 2023: $141,423Net Assets 2023: $692,1882023Assets 2024: $2,126,965Liabilities 2024: $344,088Net Assets 2024: $1,782,8772024

Highlighted filing

2024

Assets$2,126,965
Liabilities$344,088
Net Assets$1,782,877

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2023: $1,402,733Expenses 2023: $710,545Net Income 2023: $692,1882023Revenue 2024: $1,191,446Expenses 2024: $1,400,348Net Income 2024: -$208,9022024

Highlighted filing

2024

Revenue$1,191,446
Expenses$1,400,348
Net Income-$208,902

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 1, 2025
Return Version
2024v5.0
Gross Receipts
$1,202,026
Mission and Program Overview

Mission

Climatehaven is a climate tech incubator for world-class innovators and entrepreneurs working to develop, commercialize and scale breakthrough climate solutions. Our dynamic ecosystem offers access to workspace, prototyping and lab space, a network of expert advisors, mentors and investors, and a full range of company-building support to accelerate their journeys from lab to market.

Climatehaven is a climate tech incubator for world-class innovators and entrepreneurs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$415,858$1,338,555▲ $922,697
Cash and Non-Interest-Bearing Accounts$116,631$370,545▲ $253,914
Land, Buildings, and Equipment, Net$284,202$280,512▼ $3,690
Prepaid Expenses and Deferred Charges-$50,845-
Accounts Receivable$6,080$22,547▲ $16,467
Total Assets$833,611$2,126,965▲ $1,293,354
Other Assets Total$10,840$63,961▲ $53,121
Liabilities
Accounts Payable and Accrued Expenses$141,423$344,088▲ $202,665
Total Liabilities$141,423$344,088▲ $202,665
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$692,188$1,782,877▲ $1,090,689
Total Net Assets Fund Balance$692,188$1,782,877▲ $1,090,689
Total Liabilities and Net Assets / Fund Balance$833,611$2,126,965▲ $1,293,354

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$143,124$28,618$171,742
Leasehold Improvements$137,388$24,391$161,779
Compensation and Service Providers

Employees

NameTitleBaseTotal
Justine LeeCEO$72,917$72,917
Ryan DingsCEO$36,364$36,364

Board Members and Trustees

NameTitle
Josh GeballeChairperson
Arthur ThomasBoard Member
Caroline Tanbee SmithBoard Member
Jason PriceBoard Member
Jessica BaileyBoard Member
Katie DykesBoard Member
Konstantine DrakonakisBoard Member
Sara HarariBoard Member
Stuart DecewBoard Member
Claudia ReuterSecretary
Cortney RentonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,191,455
Program Service Revenue
$10,571
Investment Income
$0
Other Revenue
$-10,580
All Other Contributions
$1,185,819
Change in Net Assets
$-208,902
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$923,191
Other Expenses$477,157
Total Fundraising Expense$83,037
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$654,964$73,472$65,874$794,310
Occupancy$155,888$38,973-$194,861
Payroll Taxes$73,854$12,576$13,703$100,133
Advertising$50,400--$50,400
Fees for Services Accounting-$47,277-$47,277
Information Technology$24,008$13,708-$37,716
Depreciation Depletion$34,749$666$346$35,761
Office Expenses$25,664$6,618-$32,282
Pension Plan Contributions$22,843$592$1,371$24,806
Other Expenses$22,581--$22,581
Fees for Services Legal-$21,295-$21,295
Insurance-$12,036-$12,036
Fees for Services Other$7,440$3,000$1,560$12,000
Fees for Services Lobbying$5,714--$5,714
Travel$2,310$2,924-$5,234
Other Employee Benefits$3,501$258$183$3,942
Total Functional Expenses$1,083,916$233,395$83,037$1,400,348
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$10,580
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
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
No
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, Page 6, Part VI, Line 11B

Climatehaven's finance manager preparesthe material for the form 990. Climatehaven's managing director-incubation then performs a first review. The materials are shared with the board of directors for review. Climatehaven's president and ceo review the prepared form 990 and shares it with the finance committee for review and approval. After the finance committee has approved the 990 it is shared with the board.

Form 990, Page 6, Part VI, Line 12C

The board adopted a conflict of interest policy on march 8 2023, wherein each member of the board of directors acknowledged their continuing obligation to disclose any financial or nonfinancial interest that may develop. In accordance with the policy, the chair of the board takes reasonable steps to identify any potential conflicts of interest in advance of board meetings and there is an annual disclosure obligation.

Form 990, Page 6, Part VI, Line 15A

To determine the compensation of the ceo or executive director, climatehaven inc. Uses form 990 of other organizations, doing compensation survey or study, and getting approval by the board of compensation committee.

Form 990, Page 6, Part VI, Line 19

The organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Climatehaven Inc
EIN
92-0306841
Phone
2038507025
Address
770 CHAPEL STREET, NEW HAVEN, CT 06510

Signing Officer

Name
Justine Lee
Title
CEO
Phone
2038507025
Signed
2025-11-01

Organization Details

Principal Officer
Justine Lee
Formed
2022
Legal Domicile
Ct
Voting Board Members
13
Independent Board Members
11
Employees
17

Preparer

Firm
Fiondella Milone & Lasaracina Llp
Address
300 WINDING BROOK DR STE 1, GLASTONBURY, CT 06033
Preparer
Amber D Tucker
Phone
8606573651
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Climatehaven is a climate tech incubator for world-class innovators and entrepreneurs working to develop, commercialize and scale breakthrough climate solutions. Our dynamic ecosystem offers access to workspace, prototyping and lab space, a network of expert advisors, mentors and investors, and a full range of company-building support to accelerate their journeys from lab to market.

Form 990, Page 2, Part III, Line 4A

Climatehaven's incubator program involves recruiting climate technology startup companies, providing them with strategic guidance, a community of peers from whom to learn, workspace, and prototyping space. In 2024, our second year of operations, we built our first iteration of incubator support programming: 1. Startup check-ins and supportive boosts (introductions to industry leaders, potential investors, potential customers, mentors, etc.). We recruited 13 additional companies to our incubator as well as six coworkers. In 2024 we also built: climb (entrepreneurship classes); the climatehaven newsletter & blog; founder fuel (lunches for relationship building and network sharing). And we developed our first industry partnership, with the regional water authority, to develop an innovation hub for water technology.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CLIMATEHAVEN IS A CLIMATE TECH INCUBATOR FOR WORLD-CLASS INNOVATORS AND ENTREPRENEURS WORKING TO DEVELOP, COMMERCIALIZE AND SCALE BREAKTHROUGH CLIMATE SOLUTIONS. OUR DYNAMIC ECOSYSTEM OFFERS ACCESS TO WORKSPACE, PROTOTYPING AND LAB SPACE, A NETWORK OF EXPERT ADVISORS, MENTORS AND INVESTORS, AND A FULL RANGE OF COMPANY-BUILDING SUPPORT TO ACCELERATE THEIR JOURNEYS FROM LAB TO MARKET.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1CLIMATEHAVEN'S INCUBATOR PROGRAM INVOLVES RECRUITING CLIMATE TECHNOLOGY STARTUP COMPANIES, PROVIDING THEM WITH STRATEGIC GUIDANCE, A COMMUNITY OF PEERS FROM WHOM TO LEARN, WORKSPACE, AND PROTOTYPING SPACE. IN 2024, OUR SECOND YEAR OF OPERATIONS, WE BUILT OUR FIRST ITERATION OF INCUBATOR SUPPORT PROGRAMMING: 1. STARTUP CHECK-INS AND SUPPORTIVE BOOSTS (INTRODUCTIONS TO INDUSTRY LEADERS, POTENTIAL INVESTORS, POTENTIAL CUSTOMERS, MENTORS, ETC.). WE RECRUITED 13 ADDITIONAL COMPANIES TO OUR INCUBATOR AS WELL AS SIX COWORKERS. IN 2024 WE ALSO BUILT: CLIMB (ENTREPRENEURSHIP CLASSES); THE CLIMATEHAVEN NEWSLETTER & BLOG; FOUNDER FUEL (LUNCHES FOR RELATIONSHIP BUILDING AND NETWORK SHARING). AND WE DEVELOPED OUR FIRST INDUSTRY PARTNERSHIP, WITH THE REGIONAL WATER AUTHORITY, TO DEVELOP AN INNOVATION HUB FOR WATER TECHNOLOGY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2CLIMATEHAVEN'S FINANCE MANAGER PREPARESTHE MATERIAL FOR THE FORM 990. CLIMATEHAVEN'S MANAGING DIRECTOR-INCUBATION THEN PERFORMS A FIRST REVIEW. THE MATERIALS ARE SHARED WITH THE BOARD OF DIRECTORS FOR REVIEW. CLIMATEHAVEN'S PRESIDENT AND CEO REVIEW THE PREPARED FORM 990 AND SHARES IT WITH THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. AFTER THE FINANCE COMMITTEE HAS APPROVED THE 990 IT IS SHARED WITH THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD ADOPTED A CONFLICT OF INTEREST POLICY ON MARCH 8 2023, WHEREIN EACH MEMBER OF THE BOARD OF DIRECTORS ACKNOWLEDGED THEIR CONTINUING OBLIGATION TO DISCLOSE ANY FINANCIAL OR NONFINANCIAL INTEREST THAT MAY DEVELOP. IN ACCORDANCE WITH THE POLICY, THE CHAIR OF THE BOARD TAKES REASONABLE STEPS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST IN ADVANCE OF BOARD MEETINGS AND THERE IS AN ANNUAL DISCLOSURE OBLIGATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4TO DETERMINE THE COMPENSATION OF THE CEO OR EXECUTIVE DIRECTOR, CLIMATEHAVEN INC. USES FORM 990 OF OTHER ORGANIZATIONS, DOING COMPENSATION SURVEY OR STUDY, AND GETTING APPROVAL BY THE BOARD OF COMPENSATION COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JUSTINE LEE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02038507025
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-01
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