Nonprofit · EIN 85-3677542
BREAKTHROUGH ENERGY CATALYST FOUNDATION
Tax-exempt · KIRKLAND, WA 98083
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $12,378,697 | $40,879,386 | -$28,500,689 | $380,609,008 | $2,432,782 | $378,176,226 |
| December 31, 2023 | 990 | $8,212,804 | $53,134,255 | -$44,921,451 | $408,064,858 | $1,387,943 | $406,676,915 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,314,532
- Program service revenue
- $0
- Investment income
- $10,696,835
- Other revenue
- $367,330
Expenses
- Grants and similar amounts paid
- $37,803,500
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $2,184,699
- Accounting fees
- $18,661
- Program services (functional)
- $40,749,607
- Management and general (functional)
- $129,779
Balance sheet and other
- Total assets, start of year
- $408,064,858
- Total assets, end of year
- $380,609,008
- Total liabilities, end of year
- $2,432,782
- Net assets, end of year
- $378,176,226
- Net assets without donor restrictions
- $259,406,810
- Net assets with donor restrictions
- $118,769,416
- Gross receipts
- $12,378,697
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- DE
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 |
|---|---|---|---|
| GREG NELSON | DIRECTOR Trustee or director | 2 | $0 |
| JEANNINE SARGENT | DIRECTOR Trustee or director | 2 | $0 |
| RICH HOSSFELD | DIRECTOR Trustee or director | 2 | $0 |
| CINDY LEEPER | SECRETARY, TREASURER & COO Officer | 8 | $0 |
| MARIO FERNANDEZ | VICE PRESIDENT Officer | 20 | $0 |
| RODI GUIDERO | EXECUTIVE DIRECTOR Officer | 2 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| GREG NELSON | DIRECTOR Trustee or director | 2 | $0 |
| JEANNINE SARGENT | DIRECTOR Trustee or director | 2 | $0 |
| RICH HOSSFELD | DIRECTOR Trustee or director | 2 | $0 |
| CINDY LEEPER | SECRETARY, TREASURER & COO Officer | 8 | $0 |
| MARIO FERNANDEZ | VICE PRESIDENT Officer | 20 | $0 |
| MICHAEL BOOTS | EVP Officer | 1 | $0 |
| RODI GUIDERO | EXECUTIVE DIRECTOR Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 563, KIRKLAND, WA 98083-0563
- In care of
- % ANGIE FIDLER
- Principal officer (990 for 2024)
- RODI GUIDERO, PO BOX 563, KIRKLAND, WA 98083
- Signed the 990
- Cindy Leeper, Secretary/Treasurer
- Phone
- (425) 497-4300
- Return prepared by
- ERNST & YOUNG US LLP
Mission
BREAKTHROUGH ENERGY CATALYST FOUNDATION FUNDS THE CRITICAL DEVELOPMENT AND DEMONSTRATION PHASES OF NEW EMISSIONS-REDUCTION TECHNOLOGIES TO HELP TRANSFORM RESEARCH-STAGE INNOVATION INTO REAL-WORLD IMPACT, PRODUCING SIGNIFICANT AND MEASURABLE REDUCTIONS IN GREENHOUSE GAS EMISSIONS.
Program accomplishments
- THE FOUNDATION SUPPORTS HIGH-POTENTIAL DEMONSTRATION PROJECTS AND EARLY ADOPTION OF TRANSFORMATIONAL EMISSIONS REDUCTION TECHNOLOGIES BY PROVIDING FUNDING FOR FIRST-OF-A-KIND CLIMATE PROJECTS AT CRITICAL PHASES IN THEIR DEVELOPMENT. TO DATE, THE FOUNDATION FOCUSES ON FUNDING THE DEVELOPMENT AND DEMONSTRATION OF FOUR SPECIFIC AREAS: -SUSTAINABLE AVIATION FUEL -CLEAN HYDROGEN -DIRECT AIR CAPTURE -LONG DURATION ENERGY STORAGE -MANUFACTURINGExpenses $40,749,607 · grants $37,803,500
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
- 85-3677542
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $380,609,008
- Income (IRS master file)
- $12,378,697
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $12,378,697 | $40,879,386 | $380,609,008 | XML |
| 990 | December 2023 | $8,212,804 | $53,134,255 | $408,064,858 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $358,545,515 | $3,160,591 | $452,252,817 | IRS |
| 990 | December 2021 | $34,510,785 | $2,737,906 | $96,543,339 | IRS |
| 990 | June 2021 | – | – | – | 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 85-3677542).
Questions about BREAKTHROUGH ENERGY CATALYST FOUNDATION
- What is the EIN of BREAKTHROUGH ENERGY CATALYST FOUNDATION?
- The employer identification number (EIN) of BREAKTHROUGH ENERGY CATALYST FOUNDATION is 85-3677542.
- Is BREAKTHROUGH ENERGY CATALYST FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to BREAKTHROUGH ENERGY CATALYST FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BREAKTHROUGH ENERGY CATALYST FOUNDATION 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 BREAKTHROUGH ENERGY CATALYST FOUNDATION 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 BREAKTHROUGH ENERGY CATALYST FOUNDATION 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 BREAKTHROUGH ENERGY CATALYST FOUNDATION?
- The 990 for the year ended December 31, 2024 names RODI GUIDERO.
- Who are the officers and directors of BREAKTHROUGH ENERGY CATALYST FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does BREAKTHROUGH ENERGY CATALYST FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $12,378,697, expenses of $40,879,386 and total assets of $380,609,008 at year end.
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