Cleantech Open
- Assets
- $0.0
- Revenue
- $443.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Redwood City, CA
- Founding
- Data as of
- 08/2017
- EIN
- 26-3507343
Organization Overview
Cleantech Open is located in Redwood City, CA. As of 08/2017, Cleantech Open employed 3 individuals. Cleantech Open is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2017, Cleantech Open generated $443.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (31.3%) each year. All expenses for the organization totaled $754.0k during the year ending 08/2017. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
TO FIND, FUND AND FOSTER ENTREPRENEURS WITH BIG IDEAS THAT ADDRESS TODAYS MOST URGENT ENERGY,ENVIRONMENTAL AND ECONOMIC CHALLENGES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
U.S. PROGRAM:NOW IN ITS 12TH YEAR, CLEANTECH OPEN IS THE OLDEST AND LARGEST CLEANTECH STARTUP ACCELERATOR PROGRAM IN THE UNITED STATES, SUPPORTING UP TO 150 EARLY-STAGE STARTUPS EVERY YEAR. CLEANTECH OPEN IS A NON-PROFIT, MISSION-DRIVEN ORGANIZATION POWERED BY THE EFFORTS OF OVER 1,000 PRO BONO PROFESSIONALS ACROSS THE COUNTRY. WE WORK TO FIND, FUND, AND FOSTER ENTREPRENEURS WITH IDEAS TO SOLVE THE WORLD'S GREATEST ENVIRONMENTAL AND ENERGY CHALLENGES. SINCE OUR INCEPTION IN 2005, CLEANTECH OPEN HAS HELPED OVER 1,200 CLEANTECH IN THE STARTUPS IN THE U.S. CONNECT TO THE PEOPLE AND RESOURCES THEY NEED TO ACCELERATE THEIR BUSINESSES. THE RESULTS SPEAK FOR THEMSELVES: OVER 70% OF CLEANTECH OPEN COMPANIES ARE STILL IN OPERATION, AND CLEANTECH OPEN GRADUATES MORE THAN $1.2B IN COMBINED FUNDING TO DATE.
U.S. PROGRAM:NOW IN ITS 12TH YEAR, CLEANTECH OPEN IS THE OLDEST AND LARGEST CLEANTECH STARTUP ACCELERATOR PROGRAM IN THE UNITED STATES, SUPPORTING UP TO 150 EARLY-STAGE STARTUPS EVERY YEAR. CLEANTECH OPEN IS A NON-PROFIT, MISSION-DRIVEN ORGANIZATION POWERED BY THE EFFORTS OF OVER 1,000 PRO BONO PROFESSIONALS ACROSS THE COUNTRY. WE WORK TO FIND, FUND, AND FOSTER ENTREPRENEURS WITH IDEAS TO SOLVE THE WORLD'S GREATEST ENVIRONMENTAL AND ENERGY CHALLENGES. SINCE OUR INCEPTION IN 2005, CLEANTECH OPEN HAS HELPED OVER 1,200 CLEANTECH IN THE STARTUPS IN THE U.S. CONNECT TO THE PEOPLE AND RESOURCES THEY NEED TO ACCELERATE THEIR BUSINESSES. THE RESULTS SPEAK FOR THEMSELVES: OVER 70% OF CLEANTECH OPEN COMPANIES ARE STILL IN OPERATION, AND CLEANTECH OPEN GRADUATES MORE THAN $1.2B IN COMBINED FUNDING TO DATE.
GLOBAL PROGRAM:IN 2013, CLEANTECH OPEN BEGAN ITS INTERNATIONAL EXPANSION IN COLLABORATION WITH THE KAUFMANN FOUNDATION, WHICH FUNDED CLEANTECH OPEN'S GLOBAL IDEAS COMPETITION (A CLEANTECH OPEN LITE PROGRAM). SINCE THEN, THE GLOBAL IDEAS COMPETITION HAS EXPANDED INTO OVER 30 COUNTIES. THE SUCCESS REALIZED THERE PAVED THE WAY FOR A PARTNERSHIP BETWEEN CLEANTECH OPEN AND BOTH THE UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO) AND THE GLOBAL ENVIRONMENT FACILITY (GEF) AIMED AT DEPLOYING THE FULL U.S. PROGRAM IN 8 EMERGING ECONOMIES: SOUTH AFRICA, TURKEY, PAKISTAN, INDIA, MALAYSIA, THAILAND, AND MOROCCO AND ARMENIA, IN 2016. TODAY, CLEANTECH OPEN WORKS WITH IN-COUNTRY TEAMS TO DEPLOY ITS FULL CLEANTECH ACCELERATION PROGRAM, AND IT IS WORKING TO EXPAND ITS PARTNERSHIP WITH UNIDO AND GEF TO REACH TO 20 EMERGING COUNTRIES BY 2020.
GLOBAL PROGRAM:IN 2013, CLEANTECH OPEN BEGAN ITS INTERNATIONAL EXPANSION IN COLLABORATION WITH THE KAUFMANN FOUNDATION, WHICH FUNDED CLEANTECH OPEN'S GLOBAL IDEAS COMPETITION (A CLEANTECH OPEN LITE PROGRAM). SINCE THEN, THE GLOBAL IDEAS COMPETITION HAS EXPANDED INTO OVER 30 COUNTIES. THE SUCCESS REALIZED THERE PAVED THE WAY FOR A PARTNERSHIP BETWEEN CLEANTECH OPEN AND BOTH THE UNITED NATIONS INDUSTRIAL DEVELOPMENT ORGANIZATION (UNIDO) AND THE GLOBAL ENVIRONMENT FACILITY (GEF) AIMED AT DEPLOYING THE FULL U.S. PROGRAM IN 8 EMERGING ECONOMIES: SOUTH AFRICA, TURKEY, PAKISTAN, INDIA, MALAYSIA, THAILAND, AND MOROCCO AND ARMENIA, IN 2016. TODAY, CLEANTECH OPEN WORKS WITH IN-COUNTRY TEAMS TO DEPLOY ITS FULL CLEANTECH ACCELERATION PROGRAM, AND IT IS WORKING TO EXPAND ITS PARTNERSHIP WITH UNIDO AND GEF TO REACH TO 20 EMERGING COUNTRIES BY 2020.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marc Gottschalk Secretary | OfficerTrustee | 1 | $0 |
Cindy Ortega Vice Chairperson & Treasurer | OfficerTrustee | 6 | $0 |
Clark Waterfall Board Member | Trustee | 1 | $0 |
Richard Clark Board Member | Trustee | 1 | $0 |
Ashley Grosh Board Member | Trustee | 1 | $0 |
Emerson Farrell Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Integrous Accounting, Finance & Tax | 12/30/15 | $113,000 |
Richard Franklin Program Management & Chairman Of The Boa | 12/30/15 | $127,400 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $14,545 |
| All other contributions, gifts, grants, and similar amounts not included above | $301,903 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $316,448 |
| Total Program Service Revenue | $127,418 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $443,907 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $30,524 |
| Other salaries and wages | $59,771 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,161 |
| Payroll taxes | $11,105 |
| Fees for services: Management | $82,659 |
| Fees for services: Legal | $20,388 |
| Fees for services: Accounting | $36,148 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $1,400 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,857 |
| Office expenses | $66,456 |
| Information technology | $16,528 |
| Royalties | $0 |
| Occupancy | $67,983 |
| Travel | $39,958 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,978 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,106 |
| All other expenses | $0 |
| Total functional expenses | $754,022 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |
Grants Awarded
Over the last fiscal year, Cleantech Open has awarded $60,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
QLEAN TECH ENTERPRISES LLC PURPOSE: PRIZE PAYOUT | $10,000 |
PROPER PIPE PURPOSE: PRIZE PAYOUT | $10,000 |
CRYSTAL CLEAR PURPOSE: PRIZE PAYOUTPRIZE PAYOUTPRIZE PAYOUT | $10,000 |
PROPER PIPE PURPOSE: PRIZE PAYOUT | $10,000 |
QLEAN TECH ENTERPRISES LLC PURPOSE: PRIZE PAYOUT | $10,000 |
CRYSTAL CLEAR PURPOSE: PRIZE PAYOUTPRIZE PAYOUTPRIZE PAYOUT | $10,000 |