California Clean Energy Fund
- Assets
- $5.2m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Oakland, CA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 77-0640000
Organization Overview
California Clean Energy Fund, operating under the name Calcef Ventures, is located in Oakland, CA. The organization was established in 2007. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Calcef Ventures employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Calcef Ventures is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROGRAM AND FUND MANAGER DRIVING CLEAN ENERGY ENTREPRENEURSHIP
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUCCESSFUL RENEWAL AND CONTINUOUS PROGRAM DELIVERY OF THE CALIFORNIA SUSTAINABLE ENERGY ENTREPRENEUR DEVELOPMENT (CALSEED) PROGRAM WITH THE GOAL OF AWARDING INITIALLY $24M, NOW A COMBINED $66M, IN GRANTS TO A DIVERSE POOL OF SUSTAINABLE ENERGY ENTREPRENEURS. THE PROGRAM WAS LAUNCHED IN 2016 AND IS EXPECTED TO CONTINUE THROUGH AT LEAST 2027. ALTHOUGH THE PROGRAM IS OPEN TO ALL WHO QUALIFY, WOMEN AND PEOPLE OF COLOR ARE ESPECIALLY ENCOURAGED TO APPLY. THE PROGRAM IS LED BY THE CALIFORNIA CLEAN ENERGY FUND (UNDER NEWENERGY NEXUS BRANDING)IN PARTNERSHIP WITH PROGRAM PARTNERS TO PROVIDE NOT ONLY GRANT FUNDS PROVIDED BY THE CALIFORNIA ENERGY COMMISSION BUT ALSO BUSINESS COACHING AND INTRODUCTIONS TO CLEAN ENERGY INVESTORS AND COMMERCIALIZATION PARTNERS.
SOLICITED AND CONTRACTED THE SECOND PROGRAM COHORT OF 16 ENTREPRENEURS INTO THE CALTESTBED PROGRAM, WHILE PROVIDING TECHNOLOGY TESTING SERVICES FOR THE FIRST COHORT OF 25 ENTREPRENEURS THROUGH LAB PARTNERS. CALTESTBED PROVIDES VOUCHERS TO CALIFORNIA CLEAN ENERGY ENTREPRENEURS READY TO TEST THEIR INNOVATIONS IN TESTBED FACILITIES ACROSS THE STATE. THE PROGRAM, FUNDED THROUGH A GRANT BY THE CALIFORNIA ENERGY COMMISSION, ENDEAVORS TO EXPEDITE CLEAN ENERGY INNOVATORS' PATHWAY TO COMMERCIALIZATION. IN ADDITION TO TESTING VOUCHERS THE PROGRAM PROVIDES STRONG NETWORK CONNECTIONS TO PILOT CUSTOMERS AND INVESTORS.
PROVIDED CURRICULUM AND PROGRAM OPERATIONS EXPERTISE TO 3RD DERIVATIVE, A COLLABORATION WITH ROCKY MOUNTAIN INSTITUTE. 3RD DERIVATIVE IS AN INTEGRATED PROGRAM FOR INNOVATIVE START-UPS POSITIONED TO BE PART OF THE SOLUTION FOR THE CLIMATE CRISIS CHALLENGE. THE PROGRAM COMBINES A VIRTUAL ACCELERATOR, COMMITTED VENTURE CAPITAL, A CURATED ECOSYSTEM OF GLOBAL CORPORATIONS, AND MARKET, REGULATORY AND POLICY INSIGHTS.
CLEAN ENERGY ENTREPRENEUR ECOSYSTEM SERVICES INCLUDING EVENTS AND NETWORKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Danny Kennedy Executive Director | Officer | 13 | $209,252 |
Christina Borsum CFO | Officer | 30 | $170,000 |
Tenley Dalstrom Program Director | 40 | $133,997 | |
Ryan Kushner Program Manager | 35 | $130,597 | |
Grace Nitafan Controller | 19 | $123,240 | |
Joy Larson Program Director | 40 | $122,160 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Grant Farm Inc Dba Momentum Calseed Subcontracto | 12/30/20 | $175,655 |
Lawrence Berkeley National Laboratory Calseed Subcontracto | 12/30/20 | $252,108 |
The Grant Farm Inc Dba Momentum Calseed Subcontracto | 12/30/20 | $175,655 |
Lawrence Berkeley National Laboratory Calseed Subcontracto | 12/30/20 | $252,108 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,736,188 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,748,188 |
| Total Program Service Revenue | $603,000 |
| Investment income | $51 |
| 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 | $2,353,039 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| 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. | $145,968 |
| Compensation of current officers, directors, key employees. | $29,126 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $946,143 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $194,074 |
| Payroll taxes | $95,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,365 |
| Fees for services: Accounting | $25,896 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $548,557 |
| Advertising and promotion | $48,456 |
| Office expenses | $4,847 |
| Information technology | $80,257 |
| Royalties | $0 |
| Occupancy | $109,042 |
| Travel | $4,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $263 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,107 |
| Insurance | $8,565 |
| All other expenses | $0 |
| Total functional expenses | $2,248,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $238,336 |
| Savings and temporary cash investments | $102,224 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,996,145 |
| 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 | $185,659 |
| Net Land, buildings, and equipment | $92,392 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $300,084 |
| Intangible assets | $0 |
| Other assets | $2,270,295 |
| Total assets | $5,185,135 |
| Accounts payable and accrued expenses | $843,202 |
| Grants payable | $0 |
| Deferred revenue | $161,313 |
| 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 | $192,619 |
| Total liabilities | $1,197,134 |
| Net assets without donor restrictions | $3,950,294 |
| Net assets with donor restrictions | $37,707 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,185,135 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that California Clean Energy Fund has recieved totaling $195,000.
| Awarding Organization | Amount |
|---|---|
Overlook International Foundation Inc New York, NY PURPOSE: UNRESTRICTED | $120,000 |
The Nathan Cummings Foundation Inc New York, NY PURPOSE: GENERAL SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alameda County Tobacco Asset Securitization Corporation Oakland, CA | $19,768,611 | $18,590,063 |
Gold Country Settlement Funding Corp Auburn, CA | $6,031,758 | $3,475,839 |
Inland Empire Tobaccosecuritization Corporation Riverside, CA | $259,604,903 | $12,773,889 |
Mental Health For Children Inc Springfield, OR | $5,065,120 | $7,331,896 |
Changelab Solutions Oakland, CA | $15,746,986 | $13,606,627 |
Spur-San Francisco Bay Are Planning And Urban Research Association San Francisco, CA | $18,179,408 | $7,467,044 |
East Bay Innovation Academy Oakland, CA | $2,595,879 | $8,649,182 |
Equality California Institute Los Angeles, CA | $3,410,779 | $5,992,471 |
Palo Alto Public Improvement Corporation Palo Alto, CA | $158,763,344 | $1,679,598 |
Vermont Village Human Services Corporation Los Angeles, CA | $28,001,792 | $4,364,948 |
Folded Flag Foundation Inc Las Vegas, NV | $11,013,213 | $5,308,956 |
Greater Reno Community Ice Skating Association Reno, NV | $10,174,749 | $2,449,166 |