Nonprofit · EIN 77-0640000
CALIFORNIA CLEAN ENERGY FUND
Also known as CALCEF VENTURES
Tax-exempt · BERKELEY, CA 94704
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,295,602 | $2,763,955 | -$468,353 | $4,843,531 | $3,126,484 | $1,717,047 |
| December 31, 2023 | 990 | $2,361,139 | $2,632,295 | -$271,156 | $4,305,450 | $1,904,608 | $2,400,842 |
| December 31, 2022 | 990 (amended) | $2,807,519 | $2,742,111 | $65,408 | $5,228,765 | $2,659,525 | $2,569,240 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,299,023
- of which government grants
- $2,298,023
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- -$3,421
Expenses
- Grants and similar amounts paid
- $75,000
- Compensation of officers, directors and key employees
- $915,298
- Other salaries and wages
- $369,756
- Salaries, compensation and benefits (total)
- $1,631,019
- Professional fundraising fees
- $0
- Legal fees
- $2,872
- Accounting fees
- $111,420
- Occupancy
- $88,920
- Travel
- $43,868
- Depreciation
- $25,938
- Program services (functional)
- $1,841,773
- Management and general (functional)
- $922,182
Balance sheet and other
- Total assets, start of year
- $4,305,450
- Total assets, end of year
- $4,843,531
- Total liabilities, end of year
- $3,126,484
- Net assets, end of year
- $1,717,047
- Land, buildings and equipment
- $31,962
- Net assets without donor restrictions
- $1,679,814
- Net assets with donor restrictions
- $37,233
- Gross receipts
- $2,295,602
- Employees
- 26
- Volunteers
- 4
- Year formed
- 2004
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Rebecca Lee | Managing Director of CA Key employee | 33 | $217,770 | $6,533 |
| Christina Borsum | CFO Officer | 16 | $207,783 | $13,592 |
| Grace Nitafan | Controller Key employee | 15 | $176,109 | $15,694 |
| Joy Larson | Program Director Highest-paid employee | 40 | $150,268 | $11,407 |
| Tristan Tremschnig | Global Communications Director Highest-paid employee | 9 | $150,000 | $10,747 |
| Danny Kennedy | Executive Director END: 7/2024 Officer | 16 | $129,471 | $28,332 |
| Rachel Yu | Program Development and Operations Director Highest-paid employee | 40 | $142,653 | $10,422 |
| Alisa Ahmadian | Head of Partnerships, Events & Brand Highest-paid employee | 35 | $115,919 | $7,518 |
| Henri Van Eeghen | CEO START: 8/2024 Officer | 8 | $112,485 | $7,529 |
| Janet Dalziell | Chair START: 5/2024 Trustee or director, Officer | 3 | $0 | $0 |
| Jon Foster | Secretary/Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Julie Blunden | Chair END: 5/2024 Trustee or director, Officer | 3 | $0 | $0 |
| Ian Rogoff | Board Member Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANNY KENNEDY | EXECUTIVE DIRECTOR Officer | 20.2 | $221,950 | $38,440 |
| CHRISTINA BORSUM | CFO Officer | 18.05 | $183,695 | $9,586 |
| GRACE NITAFAN | CONTROLLER Highest-paid employee | 15.06 | $155,722 | $13,657 |
| ELIZABETH ANDREWS | CHIEF DEVELOPMENT OFFICER Key employee | 0 | $160,483 | $8,415 |
| REBECCA LEE | MANAGING DIRECTOR OF CA Key employee | 33.37 | $157,500 | $0 |
| JOY LARSON | PROGRAM DIRECTOR Highest-paid employee | 40.04 | $146,314 | $7,496 |
| TRISTAN TREMSCHNIG | COMMUNICATIONS DIRECTOR Highest-paid employee | 21.83 | $138,496 | $6,924 |
| SARAH CHESTER | DIRECTOR OF GRANTS MGMT Highest-paid employee | 40.08 | $125,783 | $6,511 |
| JONATHAN FOSTER | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| IAN ROGOFF | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JULIE BLUNDEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JANET DALZIELL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
990 for the year ended December 31, 2022: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DANNY KENNEDY | EXECUTIVE DIRECTOR Officer | 19 | $213,208 | $35,942 |
| DENISE RUSHING | MANAGING DIRECTOR Key employee | 40 | $197,950 | $15,226 |
| CHRISTINA BORSUM | CFO Key employee | 22 | $176,460 | $9,267 |
| GRACE NITAFAN | CONTROLLER Highest-paid employee | 17 | $127,922 | $13,046 |
| RYAN KUSHNER | PROGRAM MANAGER Highest-paid employee | 35 | $129,470 | $9,306 |
| SARAH CHESTER | DIRECTOR OF GRANTS MGMT Highest-paid employee | 40 | $119,653 | $8,811 |
| TENLEY DALSTROM | PROGRAM DIRECTOR Highest-paid employee | 40 | $114,180 | $7,589 |
| JOY LARSON | PROGRAM DIRECTOR Highest-paid employee | 40 | $103,392 | $5,507 |
| JONATHAN FOSTER | SECRETARY/TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| IAN ROGOFF | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JULIE BLUNDEN | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
| JANET DALZIELL | BOARD MEMBER Trustee or director | 3 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2150 ALLSTON WAY STE 360, BERKELEY, CA 94704-1378
- In care of
- % DANNY KENNEDY
- Principal officer (990 for 2024)
- Christina Borsum, 2150 Allston Way 360, Berkeley, CA 94704
- Signed the 990
- Christina Borsum, CFO
- Phone
- (415) 957-0167
- Website
- WWW.NEWENERGYNEXUS.COM
- Return prepared by
- Forvis Mazars LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0640000 or by the name CALIFORNIA CLEAN ENERGY FUND.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
THE CALIFORNIA CLEAN ENERGY FUND SUPPORTS ENTREPRENEURS TO DRIVE INNOVATION AND BUILD EQUITY INTO THE CLEAN ECONOMY.
Program accomplishments
- CONTINUOUS PROGRAM DELIVERY OF THE CALIFORNIA SUSTAINABLE ENERGY ENTREPRENEUR DEVELOPMENT (CALSEED) PROGRAM WITH THE GOAL OF AWARDING UP TO $66M IN GRANTS TO A DIVERSE POOL OF SUSTAINABLE ENERGY ENTREPRENEURS. THE PROGRAM WAS LAUNCHED IN 2016 AND IS EXPECTED TO CONTINUE THROUGH 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.Expenses $1,166,938 · grants $75,000
- 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. DURING 2024 THE PROGRAM PROVIDED ACTIVE TECHNOLOGY TESTING SERVICES FOR 35 OUT OF THE 90 ENTREPRENEURS THAT WERE SELECTED IN FOUR COHORTS SINCE 2019. THE TECHNOLOGY TESTING IS PROVIDED THROUGH LAB PARTNERS. IN ADDITION TO TESTING VOUCHERS THE PROGRAM PROVIDES STRONG NETWORK CONNECTIONS TO PILOT CUSTOMERS AND INVESTORS.Expenses $534,088
- CALCEF IS A SUBCONTRACTOR ON THE POWER FORWARD GRANT PROGRAM, A BATTERY MANUFACTURING GRANT PROGRAM FUNDED BY THE CALIFORNIA ENERGY COMMISSION. THE PROGRAM IS DESIGNED TO FURTHER THE GOAL OF TRANSITIONING TO ZERO-EMISSION TRANSPORTATION BY SUPPORTING RESEARCH IN ZERO-EMISSION VEHCILE BATTERY MANUFACTURING. CALCEF IS SUPPORTING CALSTART, THE LEAD IMPLEMENTER, THROUGH DEVELOPMENT OF A COMMUNITY BENEFITS AND WORKFORCE PLAN, A COMPONENT OF THE PROGRAM'S OUTREACH, APPLICATION PROCESS, SELECTION AND OVERSIGHT MEANT TO ENSURE ACCESSIBILITY FOR DISADVANTAGED AND LOW-INCOME COMMUNITIES.Expenses $140,747
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 77-0640000
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $4,843,531
- Income (IRS master file)
- $2,295,602
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,295,602 | $2,763,955 | $4,843,531 | IRS |
| 990 | December 2023 | $2,361,139 | $2,632,295 | $4,305,450 | XML |
| 990 | December 2022 | $2,807,519 | $2,742,111 | $5,228,765 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0640000).
Questions about CALIFORNIA CLEAN ENERGY FUND
- What is the EIN of CALIFORNIA CLEAN ENERGY FUND?
- The employer identification number (EIN) of CALIFORNIA CLEAN ENERGY FUND is 77-0640000.
- Is CALIFORNIA CLEAN ENERGY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to CALIFORNIA CLEAN ENERGY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CALIFORNIA CLEAN ENERGY FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CALIFORNIA CLEAN ENERGY FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CALIFORNIA CLEAN ENERGY FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CALIFORNIA CLEAN ENERGY FUND?
- The 990 for the year ended December 31, 2024 names Christina Borsum.
- Who are the officers and directors of CALIFORNIA CLEAN ENERGY FUND?
- The 990 for the year ended December 31, 2024 lists 13 people; 9 received compensation from the organization, the highest $217,770 (Rebecca Lee, Managing Director of CA).
- How much revenue does CALIFORNIA CLEAN ENERGY FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,295,602, expenses of $2,763,955 and total assets of $4,843,531 at year end.
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