Watttime Corporation

Organization Overview

Watttime Corporation is located in Oakland, CA. The organization was established in 2015. According to its NTEE Classification (U19) the organization is classified as: Support N.E.C., under the broad grouping of Science & Technology and related organizations. As of 06/2021, Watttime Corporation employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Watttime Corporation 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 06/2021, Watttime Corporation generated $9.0m in total revenue. All expenses for the organization totaled $6.9m during the year ending 06/2021. While expenses have increased by 98.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2020, Watttime Corporation has awarded 13 individual grants totaling $2,136,296. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO RAISE AWARENESS ABOUT THE POTENTIAL TO REDUCE ENVIRONMENTAL HARM BY SHIFTING ELECTRICITY USE TO PARTICULAR TIMES; AND TO ENCOURAGE THE DEVELOPMENT AND SPREAD OF COMMON PROTOCOLS FOR THIS PRACTICE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN FY21 WE CONTINUED TO EXPAND OUR RESEARCH INTO THE TIMES AND PLACES THAT USING ELECTRICITY CAUSES THE LEAST ENVIRONMENTAL HARM. SOME NOTABLE MILESTONES INCLUDE EXPANDING THE AVAILABILITY OF OUR DATA FROM 18 COUNTRIES TO 28 COUNTRIES. WE ALSO UPGRADED OUR MODEL TO BETTER HANDLE "FLOW TRACING", I.E. THE TRADE OF ELECTRICITY BETWEEN NUMEROUS COUNTRIES (IN EUROPE) OR POWER GRIDS (IN THE US). AS EXPECTED, THE ALGORITHM UPDATES FURTHER INCREASED THE ACCURACY OF WHICH TIMES AND LOCATIONS OF ELECTRICITY USE CAUSE THE LEAST ENVIRONMENTAL HARM. WE ALSO BEGAN MONITORING NEW TYPES OF ENVIRONMENTAL HARM FROM ELECTRICITY. WHEREAS BEFORE OUR ALGORITHMS PRIMARILY MEASURED GREENHOUSE GASSES AND MERCURY POLLUTION, WE BEGAN ALSO MEASURING WHAT TIMES USING ELECTRICITY LEADS TO ENVIRONMENTAL HARMS RELATED TO HEALTH. FOR EXAMPLE, WE NOW CONDUCT RESEARCH ON WHAT TIMES OF DAY USING ELECTRICITY WILL DRIVE FEWER HOSPITALIZATIONS FROM CONDITIONS SUCH AS ASTHMA. WE ALSO NOW MEASURE EFFECTS OF ELECTRICITY TIMING ON ENVIRONMENTAL JUSTICE, FOR EXAMPLE WHAT TIMES OF DAY WILL PARTICULARLY MINIMIZE ADVERSE HEALTH HARMS TO VULNERABLE COMMUNITIES.AS HIGHLIGHTED IN OUR FY20 990, IN FY21 WE ALSO CONDUCTED EXTENSIVE RESEARCH INTO DIRECTLY MONITORING EMISSIONS OF POWER PLANTS BY APPLYING ARTIFICIAL INTELLIGENCE TO SATELLITE IMAGERY OF THOSE POWER PLANTS. THESE ALGORITHMS ARE CAPABLE OF MEASURING HOW EMISSIONS AT DIFFERENT POWER PLANTS CHANGE OVER TIME. THUS, OUR PRIMARY PURPOSE IN THIS WORK IS TO USE THESE EMISSIONS DATA TO IMPROVE OUR ALGORITHMS THAT DETECT WHAT TIMES USING ELECTRICITY CAUSE THE LEAST ENVIRONMENTAL HARM. HOWEVER, THIS RESEARCH ALSO HAS NUMEROUS OTHER ENVIRONMENTALLY BENEFICIAL APPLICATIONS. WE ARE THEREFORE ALSO USING IT TO CONSTRUCT A FREE, PUBLIC, OPEN DATABASE OF EMISSIONS FROM THE WORLD'S POWER PLANTS. WE ARE ALSO WORKING WITH A LARGE COALITION OF OTHER NONPROFITS, UNIVERSITIES, AND IN SOME CASES TECH COMPANIES TO PROVIDE EQUIVALENT DATA ON THE EMISSIONS OF NUMEROUS SOURCES, INCLUDING NOT JUST POWER PLANTS, BUT ALSO FACTORIES, SHIPS, PLANES, AND SO ON. WE ARE CALLING THIS JOINT PROJECT CLIMATE TRACE. IN FY21, CLIMATE TRACE COMPLETED A DRAFT OF THE FIRST EVER INDEPENDENT EMPIRICAL MEASUREMENT OF GHG EMISSIONS FROM EVERY COUNTRY AROUND THE WORLD TO PEER REVIEW SCIENTISTS. THE RESEARCH HAS BEEN WIDELY ACCLAIMED FOR ITS SIGNIFICANT POTENTIAL TO ENABLE AND ACCELERATE ENVIRONMENTAL IMPACT. FOR EXAMPLE IT IS THE SUBLET OF A WIDELY VIEWED TED TALK, AND TIME NAMED CLIMATE TRACE TO ITS BEST 100 BEST INVENTIONS OF THE YEAR.WE ALSO EXPANDED OUR MARKET EDUCATION AND ASSISTANCE WORK. WE COLLABORATED WITH INSTITUTIONS LIKE SALESFORCE AND BOSTON UNIVERSITY TO RELEASE WHITE PAPERS AND HOW-TO GUIDES ON USING DATA TO BETTER SITE RENEWABLE ENERGY IN TIMES AND PLACES WHERE IT WILL MORE EFFECTIVELY REDUCE ENVIRONMENTAL HARM. WE ALSO SUPPORTED COMPANIES LIKE BRAINBOX AI IN DEPLOYING TECHNOLOGY TO SHIFT THE ELECTRICITY USE OF LARGE COMMERCIAL BUILDINGS TO TIMES WHEN IT WOULD REDUCE ENVIRONMENTAL HARM IN THE FORM OF CO2 AND MERCURY EMISSIONS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$8,411,586
Noncash contributions included in lines 1a–1f $2,016,565
Total Revenue from Contributions, Gifts, Grants & Similar$8,411,586
Total Program Service Revenue$524,560
Investment income $2,240
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $13,143
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $8,951,529

Grants Awarded

Over the last fiscal year, Watttime Corporation has awarded $1,136,296 in support to 5 organizations.

Grant RecipientAmount

Los Altos, CA

PURPOSE: BUILDING THE APPLICATION PROGRAMMING INTERFACE AND WEBSITE TO HOST AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS WORLDWIDE AS PART OF THE CLIMATE TRACE PROJECT.

$350,000

San Francisco, CA

PURPOSE: BUILDING AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS FROM FORESTRY WORLDWIDE AS PART OF THE CLIMATE TRACE PROJECT.

$251,720

ROCKY MOUNTAIN INSTITUTE

Org PageRecipient Profile

Boulder, CO

PURPOSE: BUILDING AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS FROM OIL AND GAS WORLDWIDE AS PART OF THE CLIMATE TRACE PROJECT.

$202,000

THE FOUNDATION FOR AGRICULTURAL INTEGRITY

Org PageRecipient Profile

Hudson, NY

PURPOSE: BUILDING AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS FROM AGRICULTURE WORLDWIDE AS PART OF THE CLIMATE TRACE PROJECT.

$200,000

JOHNS HOPKINS UNIVERSITY

PURPOSE: BUILDING AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS FROM GROUND TRANSPORTATION WORLDWIDE, AND SUPPORTING OPEN PUBLIC MODELING OF OTHER EMISSIONS, AS PART OF THE CLIMATE TRACE PROJECT.

$132,576
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 6 grants that Watttime Corporation has recieved totaling $2,597,420.

Awarding OrganizationAmount
Tides Foundation

San Francisco, CA

PURPOSE: SUSTAINABLE ENVIRONMENT

$1,863,134
The Patrick J Mcgovern Foundation Inc

Boston, MA

PURPOSE: TO SUPPORT EXPANDING EMISSIONALITY GLOBALLY WITH PUBLIC PARTNERS

$500,000
The Patrick J Mcgovern Foundation Inc

Boston, MA

PURPOSE: TO SUPPORT 2022 CLIMATE TRACE STRATEGIC PRIORITIES AND GOALS.

$175,000
Ffwd

San Francisco, CA

PURPOSE: General Support

$39,678
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$19,603
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$5
View Grant Recipient Profile

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