2023-11-15T10:22:00-06:00 2022-12-31 440160260 FORVIS LLP 500 Ridgefield Court Asheville NC 28806 990 2022-01-01 463891359 2040 Foundation Inc 2040 7049450487 1355 Greenwood Cliff Drive Ste 400 Charlotte NC 28204 Jay W Faison President 7049450487 2023-11-15 1 Jay Faison 999009999 0 Amy Bibby P00445891 8282542254 2023-11-09 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X Jay W Faison 1355 Greenwood Cliff Drive Ste 301 Charlotte NC 28204 30732135 0 X www.mission2040.org X 2013 NC Accelerate America's clean energy future with conservative solutions. 5 3 0 0 0 189948 0 0 0 0 2340203 -453480 0 32390 2340203 -421090 17439500 15806571 0 0 0 0 0 0 0 3527436 1479923 20966936 17286494 -18626733 -17707584 132102350 107868029 345292 185087 131757058 107682942 Accelerate America's clean energy future with conservative solutions. 0 0 16148392 15806571 Through financial assistance and educational programs, 2040 Foundation Inc provided extensive research and analysis to the general public, provided insights to federal and state government policy makers on the benefits of clean energy solutions, enhanced the ability of faith-based public charities to scale up their social impact, and supported clean energy programs by providing financial support to other public charities. 16148392 1 0 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 0 1 6 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 3 1 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X Jay W Faison 7049450487 1355 Greenwood Cliff Dr Suite 400 Charlotte NC 28204 Jay W Faison President 5.00 X X 0 0 0 Matthew Eby Board Member 2.00 X 0 399282 0 Bill Clements Board Member 2.00 X 0 0 0 Rich Powell Board Member 2.00 38.00 X 0 655223 56958 Dana Ring Board Member 2.00 X 0 203679 16896 Mark T Bruinooge Chief Financial Officer 2.00 X 0 0 0 0 1258184 73854 0 0 1 0 Watermark Services LLC 1355 Greenwood Cliff Suite 300 Charlotte NC 28204 Financial advisory, accounting and gener 1085776 Anthro 68 Jay Street Brooklyn NY 11201 Marketing 258461 2 352161 352161 30347584 31153225 -805641 -805641 -805641 Miscellaneous 900099 32390 32390 32390 -421090 0 0 -421090 15806571 15806571 39755 39755 70700 70700 970930 970930 314061 314061 1220 1220 20226 15967 4259 6714 6714 40975 40975 10263 10263 UBTI State Income Taxes 4005 4005 Subscription Expense 1054 1054 Other Expenses 20 20 17286494 16148392 1138102 0 8166642 5598179 108 2 363 6458440 5681787 488495 88495 8442008 2784968 104858160 84046052 1178157 1354881 2510340 8313302 132102350 107868029 283695 125575 61597 59512 345292 185087 X 131757058 107682942 131757058 107682942 132102350 107868029 -17707584 -6366532 0 X 0 0 0 X X X 3 Clearpath Inc 825026325 7 1 2712196 0 National Christian Charitable Foundation Inc 581493949 7 1 120000 0 1st Street Foundation Inc 814308701 7 1 4500000 0 3 7332196 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 1: THE AMENDED ARTICLES DESIGNATES SUPPORTED ORGANIZATIONS BY NAME AND BY TYPE. MORE SPECIFICALLY, THE ORGANIZATION SHALL MAKE CHARITABLE CONTRIBUTIONS TO SPECIFIC ORGANIZATIONS LISTED IN THE ARTICLES OR TO SUCH OTHER ORGANIZATIONS THAT ARE EXEMPT FROM UNITED STATES FEDERAL INCOME TAXES UNDER SECTION 501(A) AND 501(C) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF SUBSEQUENT INTERNAL REVENUE LAW. 0 Investments in various non-publicaly traded partnerships and corporations 84046052 F 84046052 Expensify and Security Deposits 2000 Other Receivables 8311302 8313302 Credit Card Payable 59512 59512 X Part X, Line 2: The Organization is exempt from income taxes under Section 501(c)(3) of the Internal Revenue Code and therefore no provision for income taxes has been made in the accompanying financial statement. The Organization records liabilities for income tax provisions taken or expected to be taken when those positions are deemed uncertain to be upheld in an examination by taxing authorities as of December 31, 2022. No liabilities for uncertain income tax positions were recorded as of December 31, 2022. Central America and the Caribbean - Antigua & Barbuda, Aruba, Bahamas, 0 0 Investment in passive foreign investment companies 44667274 0 0 0 0 0 0 44667274 0 44667274 1 0 0 0 1 0 Part III Accounting Method: 1 Clearpath Inc 611 Maryland Avenue NE Washington DC 20002 825026325 501(c)(3) 2712196 0 Support for Clean Energy Innovation Initiatives The National Christian Foundation 11625 Rainwater Drive Suite 500 Alpharetta GA 30009 581493949 501(c)(3) 120000 0 Support Faith Based Initiatives American Flood Coalition 1501 M St NW STE 430 Washington DC 20005 831940124 501(c)(3) 2112120 0 Support of Community Initiatives Goldman Sachs Philanthropy Fund 200 West St FL 15 New York NY 10282 311774905 501(c)(3) 5621000 0 Support of Community Initiatives Schwab Charitable Fund 211 Main Street San Francisco CA 94105 311640316 501(c)(3) 691250 0 Support of Community Initiatives Cool Effect Inc 100 Drakes Landing Suite 260 Greenbrae CA 94904 475068496 501(c)(3) 50005 0 To reduce greenhouse gas emissions 1st Street Foundation 32 Bridge St Bsmt 3 Brooklyn NY 11201 814308701 501(c)(3) 4500000 0 TO MAKE CLIMATE RISK ACCESSIBLE, EASY TO UNDERSTAND AND ACTIONABLE FOR INDIVIDUALS, GOVERNMENTS, AND INDUSTRY. 7 Part I, Line 2: The organization maintains records to substantiate the amount of grants and the selection criteria used to award the grants. X 0 0 0 0 0 0 0 0 0 Rich Powell Board Member 0 655223 0 0 0 0 0 35750 0 21208 0 712181 0 0 Matthew Eby Board Member 0 399282 0 0 0 0 0 0 0 0 0 399282 0 0 Dana Ring Board Member 0 196679 0 7000 0 0 0 5757 0 11139 0 220575 0 0 Mark T Bruinooge Officer 1085776 Financial advisory, accounting and general management services 0 Part IV Mark T Bruinooge owned majority interest in Watermark Services, LLC. During 2022 Watermark Services, LLC provided financial advisory, accounting and general management services to the organization. Form 990, Part VI, Section A, line 2 A business relationship exists between Jay Faison and Mark Bruinooge. Form 990, Part VI, Section A, line 7a Jay Faison shall have the right to appoint two Directors. The Supported Organization Directors shall each be a person who is not a "disqualified person" as that term is described in section 4946 of the Internal Revenue Code. Form 990, Part VI, Section B, line 11b The Form 990 is reviewed by select officers and members of the board of directors and a copy is available upon request to the board of directors. Form 990, Part VI, Section B, line 12c Management monitors conflicts of interest through a monthly evaluation of all Organization initatives against our approved strategic plan. Initiatives are evaulated for impact against our strategic plan which is updated and presented at quarterly board meetings. Board members have the opportunity to evaluate all financial and business dealings that support the Organizations activities. Form 990, Part VI, Section B, line 15 The President reviews all salaries & compensation annually. The Board of Directors approve the budgets. Comparability data is used in the compensation planning process. Form 990, Part VI, Section C, line 19 The Organization's documents are available upon request. Spark Holdings LLC 1355 Greenwood Cliff Drive Ste 301 Charlotte NC 28204 454359460 Investment NC 0 0 2040 Foundation Inc CPF Holdings LLC 300 New Jersey Avenue Suite 907 Washington DC 20001 300941167 Real Estate Holding Company DC 0 0 2040 Foundation Inc Clearpath Inc 611 Maryland Avenue NE Washington DC 20002 463891359 Charitable DC 501(c)(3) Line 7 N/A 0 National Christian Charitable Foundation Inc 11625 Rainwater Drive Suite 500 Alpharetta GA 30009 581493949 Charitable GA 501(c)(3) Line 7 N/A 0 1st Street Foundation Inc 32 Bridge St Bsmt 3 Brooklyn NY 11201 814308701 Charitable NY 501(c)(3) Line 7 N/A 0 Watermark Capital I Offshore LTD PO Box 1348 Grand Cayman CJ KY1-1108 Investment CJ 2040 Foundaton Inc C 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0