Breakthrough Energy Catalyst Foundation
- Assets
- $96.5m
- Revenue
- $34.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- Data as of
- 12/2021
- EIN
- 85-3677542
Organization Overview
Breakthrough Energy Catalyst Foundation is located in Kirkland, WA. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Energy Catalyst Foundation 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 12/2021, Breakthrough Energy Catalyst Foundation generated $34.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT THE CRITICAL DEVELOPMENT AND DEMONSTRATION PHASES OF NEW EMISSIONS-REDUCTION TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OVER THE PAST CENTURY, THE WORLD HAS SEEN AN EXTRAORDINARY INCREASE IN THE GLOBAL CONSUMPTION OF FOSSIL FUELS AND THE CONSEQUENT EMISSION OF GREENHOUSE GASES; THE EFFECTS OF THIS CHANGE ARE BOTH FAMILIAR AND DEVASTATING. TO REDUCE GREENHOUSE GAS EMISSIONS, MANUFACTURERS AND PRODUCERS IN INDUSTRIES WORLDWIDE NEED TO ADOPT CLEAN, ECONOMICALLY EFFICIENT ALTERNATIVES TO FOSSIL FUELS. THE FOUNDATION SUPPORTS HIGH-POTENTIAL DEMONSTRATION PROJECTS AND EARLY ADOPTION OF TRANSFORMATIONAL EMISSIONS REDUCTION TECHNOLOGIES BY PROVIDING FUNDING FOR THESE PROJECTS AT CRITICAL PHASES IN THEIR DEVELOPMENT. TO DATE, THE FOUNDATION FOCUSES ON FUNDING THE DEVELOPMENT AND DEMONSTRATION OF THREE SPECIFIC AREAS: -SUSTAINABLE AVIATION FUEL - COMMERCIALLY VIABLE METHODS OF PRODUCING AVIATION FUEL FROM SOURCES OTHER THAN GREENHOUSE GAS-EMITTING KEROSENE -GREEN HYDROGEN - COMMERCIALLY VIABLE METHODS OF PRODUCING HYDROGEN FROM SOURCES OTHER THAN CARBON-EMITTING HYDROCARBONS -DIRECT AIR CAPTURE - THE PROCESS OF EXTRACTING CARBON DIOXIDE FROM THE AMBIENT AIR AND EITHER SEQUESTERING IT OR USING IT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonah Goldman Managing Director | OfficerTrustee | 15 | $0 |
Michael Boots Evp | Officer | 1 | $0 |
Cindy Leeper Secretary & Treasurer | Officer | 15 | $0 |
Greg Nelson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agency Ea Marketing | 12/30/21 | $512,643 |
Ropes Gray Legal Services | 12/30/21 | $884,072 |
Rhodium Group Research Provider | 12/30/21 | $400,000 |
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 | $35,040,324 |
| Noncash contributions included in lines 1a–1f | $35,040,324 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $35,040,324 |
| Total Program Service Revenue | $0 |
| Investment income | $307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$546,835 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $34,510,785 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $745,670 |
| Fees for services: Accounting | $226,503 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,219 |
| Fees for services: Other | $942,379 |
| Advertising and promotion | $103,733 |
| Office expenses | $30 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $512,643 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $180,729 |
| Total functional expenses | $2,737,906 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $93,875,421 |
| Savings and temporary cash investments | $2,667,918 |
| 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 | $96,543,339 |
| Accounts payable and accrued expenses | $329,897 |
| 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 | $329,897 |
| Net assets without donor restrictions | $96,213,442 |
| Net assets with donor restrictions | $0 |
| 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 | $96,543,339 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Building Initiative Inc Portland, OR | $9,419,082 | $7,219,837 |
Breakthrough Energy Catalyst Foundation Kirkland, WA | $96,543,339 | $34,510,785 |
Northwest Energy Efficiency Council Seattle, WA | $2,426,845 | $2,193,570 |
Renewable Northwest Project Portland, OR | $1,768,710 | $1,947,685 |
Sustainable Energy For Galena Alaska Galena, AK | $263,318 | $972,661 |
Renewable Energy Alaska Project Anchorage, AK | $689,384 | $1,295,420 |
Portland Energy Conservation Inc Portland, OR | $1,546,945 | $38,532 |
The Sustainable Living Center Walla Walla, WA | $170,305 | $884,284 |
Spark Northwest Seattle, WA | $744,607 | $966,398 |
Blueenergy Eugene, OR | $763,792 | $285,361 |
Burn Design Lab Vashon, WA | $1,152,473 | $1,466,504 |
Clean Energy Works Inc Lake Oswego, OR | $0 | $6,827 |