2024-05-15T19:46:18-05:00 2023-06-30 946214841 ARMANINO LLP 2700 CAMINO RAMON STE 350 SAN RAMON CA 945835004 990 2022-07-01 471444637 WATTTIME CORPORATION WATT 8575403535 490 43RD STREET 221 OAKLAND CA 94609 GAVIN MCCORMICK EXECUTIVE DIRECTOR 8575403535 2024-05-15 1 GAVIN MCCORMICK 999009999 1 MATTHEW PETROSKI P00853132 9257902600 2024-05-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z GAVIN MCCORMICK 490 43RD STREET 221 OAKLAND CA 94609 12087174 0 X WWW.WATTTIME.ORG X 2014 CA TO RAISE AWARENESS ABOUT THE POTENTIAL TO REDUCE ENVIRONMENTAL HARM BY SHIFTING ELECTRICITY USE TO PARTICULAR TIMES; AND TO ENCOURAGE THE DEVELOPMENT AND SPREAD OF COMMON PROTOCOLS FOR THIS PRACTICE. 3 2 29 15 0 0 12425096 10347478 907762 1706204 0 31392 3223 2100 13336081 12087174 2705750 3850101 0 0 3537224 4858300 0 0 94256 5744753 3753609 11987727 12462010 1348354 -374836 7163583 5784742 2490166 1520904 4673417 4263838 X TO RAISE AWARENESS ABOUT THE POTENTIAL TO REDUCE ENVIRONMENTAL HARM BY SHIFTING ELECTRICITY USE TO PARTICULAR TIMES; AND TO ENCOURAGE THE DEVELOPMENT AND SPREAD OF COMMON PROTOCOLS FOR THIS PRACTICE. 0 0 11370823 3850101 1706204 IN FY23 WATTTIME'S PROGRESS ACCELERATED RAPIDLY, ON MULTIPLE FRONTS.- AER ASSISTANCE: WE SAW A DRAMATIC INCREASE IN THE NUMBER OF PEOPLE WE WERE ABLE TO HELP SHIFT ELECTRICITY TO CLEANER TIMES BY AUTOMATING THEIR DEVICES TO DO SO (NOW CALLED "AUTOMATED EMISSIONS REDUCTION OR AER). THIS YEAR WE HELPED 330 MILLION NEW DEVICES ADOPT AER, INCLUDING E.G. APPLE IPHONES, BMW ELECTRIC VEHICLES, AND OTHERS IN THE COUNTRIES WHERE THE DATA TO MAKE AER POSSIBLE (KNOWN AS "MARGINAL EMISSIONS DATA") EXIST YET. - RESEARCH TO MAKE AER POSSIBLE GLOBALLY: IN FY23, WE ALSO NEARED COMPLETION OF A LONG-STANDING WATTTIME GOAL, (CONT. ON SCH. O)WHICH WAS TO DEVELOP MARGINAL EMISSIONS DATA ESTIMATES FOR EVERY COUNTRY WORLDWIDE, SUFFICIENT TO MAKE AER POSSIBLE ANYWHERE ON EARTH. AS OF THE END OF FY23 WE HAD DEVELOPED A METHOD TO DO SO AND WERE PREPARING TO IMPLEMENT THE METHOD IN FY24. THANKS TO THIS PROGRESS, WE ARE ANTICIPATING BEING ABLE TO IN FY24 FINALLY MAKE AER POSSIBLE IN OVER 150 NEW COUNTRIES, FURTHER DRAMATICALLY INCREASING THE NUMBER OF PEOPLE ABLE TO USE IT. THIS VERY SIGNIFICANT TECHNICAL MILESTONE IS POSSIBLE IN LARGE PART TO OUR CLIMATE TRACE INITIATIVE (MENTIONED BELOW) TO GATHER AND HARMONIZE GLOBAL EMISISONS DATA FROM THE WORLD'S POWER GRIDS AND OTHER SOURCES.- MARGINAL EMISSIONS DATA VALIDATION RESEARCH: AS AER BECOMES MORE WIDESPREAD, IT IS A GROWING ISSUE THAT THERE ARE NOT YET A WIDELY AGREED-UPON STANDARDS REGARDING HOW BEST TO VALIDATE THE ACCURACY MARGINAL EMISSIONS ESTIMATES. CONSISTENT WITH OUR MISSION TO DEVELOP AND SPREAD COMMON PROTOCOLS FOR THIS PRACTICE, THIS YEAR WE PARTICULARLY FOCUSED ON DEVELOPING SUCH METHODS AND LAUNCHING A COALITION TO DEBATE, REVIEW AND HARMONIZE AROUND THEM. OUR NEW COALITION, VERACI-T.ORG, CONSISTS OF MARGINAL EMISSIONS DATA EXPERTS AT UNIVERSITIES, COMPANIES, AND POWER GRID OPERATORS. THROUGH VERACI-T, WATTTIME AND OTHER EXEPRTS CO-DEVELOP, REVIEW, AND HARMONIZE AROUND OPEN, FREE, PEER-REVIEWED, STANDARDIZED APPROACHES THAT ANYONE CAN USE TO VALIDATE THE ACCURACY OF MARGINAL EMISSIONS DATA ESTIMATES.- CLIMATE TRACE EMISSIONS DATA RESEACH: THE CLIMATE TRACE RESEARCH PROJECT HAS NOW BEGUN PROVIDING DATA OF SUFFICIENT GLOBAL AVAILABILITY AND DETAIL TO BEGIN MAKING GLOBAL AER VIABLE. IN FY23, IT ALSO BEGAN PRODUCING ENORMOUS AMOUNTS OF OTHER USEFUL EMISSIONS DATA. WE LED THIS GROWING COALITION OF COLLABORATING ENVIRONMENTAL NONPROFITS, UNIVERSITIES, AND TECH COMPANIES IN GREATLY IMPROVING THE START OF THE ART IN GLOBAL EMISSIONS MONITORING OF ELECTRICAL GRIDS, BUT ALSO MANY OTHER FORMS OF POLLUTION. IN PARTICULAR, IN DECEMBER 2023 THE COALITION RELEASED BY FAR THE MOST COMPREHENSIVE GREENHOUSE GAS EMISSIONS DATASET IN HISTORY, REPRESENTING DETAILED OPEN, FREE EMISSIONS ESTIMATES FOR OVER 352 MILLION OF THE LARGEST SOURCES OF EMISSIONS ON THE PLANET. WATTTIME INCURS GENERAL & ADMINISTRATIVE AND FUNDRAISING COSTS IN SUPPORT OF ITS OVERALL MISSION, WHICH INCLUDES CLIMATE TRACE. CLIMATE TRACE PROGRAM COSTS DO NOT REPRESENT THE FULL COSTS OF RUNNING CLIMATE TRACE.- EXPLORING NOVEL APPLICATIONS OF EMISSIONS DATA: WE ALSO DEEPENED OUR GROWING EXPLORATIONS INTO WHETHER THE ADVANCED EMISSIONS DATA FROM CLIMATE TRACE MIGHT MAKE POSSIBLE NOVEL NEW EMISSIONS-REDUCING STRATEGIES SIMILAR TO, BUT DISTINCT FROM, WATTTIME'S ORIGINAL CORE MISSION OF SHIFTING ELECTRICITY TO CLEANER TIMES TO REDUCE ENVIRONMENTAL HARM. FOR EXAMPLE, WE PILOTED USING CLIMATE TRACE DATA A TECHNIQUE TO SHIFT STEEL MANUFACTURING TO CLEANER FACILITIES TO REDUCE ENVIRONMENTAL HARM. WE A NUMBER OF THE WORLD'S LARGEST BUYERS OF STEEL (INCLUDING GM, TESLA, BOEING, AND OTHERS) IN PILOTING THIS TECHNIQUE. WHILE STILL EARLY DAYS, THE TECHNIQUES APPEAR SUCCESSFUL AND IN FY24 WATTTIME WILL EXPLORE WHETHER IT MAY MAKE SENSE TO EXPAND OUR NONPROFIT MISSION TO ALSO INCLUDE DEVELOPING, RAISING AWARENESS OF, AND DEVELOPING COMMON PROTOCOLS FOR A WIDER RANGE OF ENVIRONMENTALLY BENEFICIAL PRACTICES. 11370823 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 1 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 2 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 1 0 0 0 CA X BLUE FOX 3212333311 2542 WOODFIELD CIR MELBOURNE FL 32904 GAVIN MCCORMICK EXECUTIVE DIRECTOR 40.00 X X 173363 0 16564 KATHRYN RYAN COO (THRU 07/22) 40.00 X X 107389 0 28153 LYNN THOMAN BOARD CHAIR (START 07/22) 2.00 X X 0 0 0 JON CREYTS BOARD CHAIR (THRU 07/22) 2.00 X X 0 0 0 STEPHANIE KHURANA DIRECTOR (THRU 07/22) 2.00 X 0 0 0 SCOTT MOURA DIRECTOR 2.00 X 0 0 0 JEREMY FREEMAN SOFTWARE ENGINEER 40.00 X 194003 0 43644 WILLIAM JOEL COFIELD SENIOR DATA SCIENTIST 40.00 X 186536 0 18147 LAURA CIRINCIONE DIRECTOR OF PARTNERSHIPS 40.00 X 179108 0 22233 SAM KOEBRICH DATA SCIENTIST 40.00 X 164322 0 22006 HANNES KOENIG SENIOR MACHINE LEARNING ENGINEER 40.00 X 152181 0 18645 1156902 0 169392 22 0 1 0 THE EARTH GENOME 121 PEPPER DRIVE LOS ALTOS CA 94022 WEBSITE AND DATA ARCHITECTURE SERVICES 860113 TRANSITION ZERO 28 ST JOHNS SQUARE LONDON EC1M 4DN UK DATA SCIENCE AND MACHINE LEARNING SERVIC 834318 THE JOHNS HOPKINS UNIVERSITY APPLIED PHY 11100 JOHNS HOPKINS ROAD LAUREL MD 20723 ENGINEERING & ANALYSIS SERVICES 702181 HYPERVINE LIMITED HYPERVINE 100 QUEEN STREET GLASGOW G1 3DN UK ENGINEERING AND ANALYTICAL SERVICES 697530 ROCKY MOUNTAIN INSTITUTE 2490 JUNCTION PLACE BOULDER CO 80301 DATA SCIENCE AND MACHINE LEARNING SERVIC 563144 18 10347478 10347478 LICENSE FEES 541610 1341041 1341041 CONSULTING FEES 541610 365163 365163 1706204 31392 31392 OTHER REVENUE 900099 2100 2100 2100 12087174 1706204 0 33492 X 2298951 2298951 1551150 1551150 478562 85540 333655 59367 3658871 3601873 38933 18065 156455 150372 3051 3032 252171 242366 4918 4887 312241 297951 7168 7122 38332 4548 33784 356185 356185 2494529 2443545 50970 14 31715 24004 7205 506 528569 507731 20648 190 3841 3483 288 70 118138 115076 2821 241 38039 31393 5884 762 20483 20483 7338 7338 93940 9879 84061 PAYROLL PROCESSING 11199 11199 OTHER EXPENSES 4391 2961 1430 BANK FEES 3139 3139 BAD DEBT EXPENSE 3000 3000 771 771 12462010 11370823 996931 94256 X 3477715 4464241 3327610 828315 296967 413701 51418 36763 52143 10421 9873 41722 7163583 5784742 1089238 762417 41748 187417 1359180 571070 2490166 1520904 X -1977196 -3773621 6650613 8037459 4673417 4263838 7163583 5784742 -374836 105856 -140599 0 X 0 1 X 1 0 X 1301595 4520693 8411587 12425096 10347478 37006449 1301595 4520693 8411587 12425096 10347478 37006449 21529255 15477194 192 1218 2240 28392 32042 37038491 4063548 0.41790 0.53610 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12481257 12481257 774063 193516 0 0 329100 494736 749386 774063 2347285 3520928 82275 123684 187347 193516 586822 880233 52143 10421 41722 41722 X 12491284 105856 298254 404110 12087174 0 12087174 12760264 298254 298254 12462010 0 12462010 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM CALIFORNIA FRANCHISE TAX UNDER CALIFORNIA REVENUE AND TAXATION CODE 23701(D). THE ORGANIZATION HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2023, WATTIME CORPORTATION DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. 1 EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, 0 3 CONTRACTORS RESEARCH 157062 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 2 CONTRACTORS RESEARCH 193145 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 3 GRANTMAKING RESEARCH 1551150 SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, 0 1 CONTRACTORS RESEARCH 253597 0 9 0 0 0 9 2154954 0 2154954 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM TO DEVELOP A PILOT PROJECT TO PROVIDE GHG DATA TO SUBNATIONAL GOVERNMENTS, KNOWN AS 'ACCESSIBLE EMISSIONS DATA FOR STATES AND REGIONS' 100000 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROJECT TO DEVELOP DATA-DRIVENAPPROACHES TO ESTIMATE GHG EMISSIONS OF SHIPPING GLOBALLY 594938 WIRE 0 EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM PROJECT TO DEVELOP DATA-DRIVEN APPROACHES TO ESTIMATE GHG EMISSIONS OF POWER PLANTS AND HEAVY INDUSTRY PLANTS GLOBALLY. 856212 WIRE 0 3 3 0 0 0 0 0 0 PART I, LINE 2: EACH GRANT GOES THROUGH A COMPREHENSIVE SEARCH AND APPROVAL PROCESS, INCLUDING INTERVIEWS AND REFERENCE CHECKS. GRANT CONTRACTS ENSURE LEGAL COMPLIANCE AND RECIPIENTS ARE REQUIRED TO KEEP WRITTEN FINANCIAL ACCOUNTS AND RECORDS OF EXPENDITURES WHICH ARE SUBJECT TO REVIEW BY WATTTIME AT ANY TIME. EACH WEEK OUR STAFF MEETS WITH GRANTEES TO EVALUATE AND SUPPORT PROGRESS TOWARDS GRANT OBJECTIVES. ALTHOUGH THIS HAS NEVER OCCURRED, OUR CONTRACTS ARE SUBJECTS TO THE LAWS OF CALIFORNIA WHICH PERMIT WATTTIME TO TAKE LEGAL ACTION FOR BREACH OF CONTRACT. PART III ACCOUNTING METHOD: 1 GLOBAL ENERGY MONITOR 440 N BARRANCA AVE 2878 COVINA CA 91723 822723327 501(C)(3) 326862 0 DEVELOPING METHODOLOGY AS WELL AS UPDATING AND ENHANCING CURRENT DATA FOR "GEM TRACKERS" AS PART OF THE CLIMATE TRACE PROJECT. CTREES 1106 HAUSER BOULEVARD LOS ANGELES CA 90019 880538773 501(C)(3) 284750 0 BUILDING AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS FROM GLOBAL FOREST CARBON STOCKS AND EMISSIONS, AND REMOVALS FROM LAND USE ACTIVITIES AS PART OF THE CLIMATE TRACE PROJECT. ROCKY MOUNTAIN INSTITUTE 2490 JUNCTION PLACE STE 200 BOULDER CO 80301 742244146 501(C)(3) 672500 0 BUILDING AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS FROM OIL AND GAS WORLDWIDE AS PART OF THE CLIMATE TRACE PROJECT. THE EARTH GENOME 121 PEPPER DRIVE LOS ALTOS CA 94022 472935807 501(C)(3) 1014839 0 BUILDING THE APPLICATION PROGRAMMING INTERFACE AND WEBSITE TO HOST AN OPEN, PUBLIC DATABASE OF ALL GREENHOUSE GAS EMISSIONS WORLDWIDE AS PART OF THE CLIMATE TRACE PROJECT. 4 0 PART I, LINE 2: EACH GRANT GOES THROUGH A COMPREHENSIVE SEARCH AND APPROVAL PROCESS, INCLUDING INTERVIEWS AND REFERENCE CHECKS. GRANT CONTRACTS ENSURE LEGAL COMPLIANCE AND RECIPIENTS ARE REQUIRED TO KEEP WRITTEN FINANCIAL ACCOUNTS AND RECORDS OF EXPENDITURES WHICH ARE SUBJECT TO REVIEW BY WATTTIME AT ANY TIME. EACH WEEK OUR STAFF MEETS WITH GRANTEES TO EVALUATE AND SUPPORT PROGRESS TOWARDS GRANT OBJECTIVES. ALTHOUGH THIS HAS NEVER OCCURRED, OUR CONTRACTS ARE SUBJECTS TO THE LAWS OF CALIFORNIA WHICH PERMIT WATTTIME TO TAKE LEGAL ACTION FOR BREACH OF CONTRACT. 0 0 0 0 0 0 0 0 0 JEREMY FREEMAN SOFTWARE ENGINEER 194003 0 0 0 0 0 9640 0 34004 0 237647 0 0 0 WILLIAM JOEL COFIELD SENIOR DATA SCIENTIST 186536 0 0 0 0 0 9318 0 8829 0 204683 0 0 0 LAURA CIRINCIONE DIRECTOR OF PARTNERSHIPS 179108 0 0 0 0 0 4127 0 18106 0 201341 0 0 0 GAVIN MCCORMICK EXECUTIVE DIRECTOR 173363 0 0 0 0 0 7000 0 9564 0 189927 0 0 0 SAM KOEBRICH DATA SCIENTIST 164322 0 0 0 0 0 7169 0 14837 0 186328 0 0 0 HANNES KOENIG SENIOR MACHINE LEARNING ENGINEER 152181 0 0 0 0 0 5729 0 12916 0 170826 0 0 0 PART I, LINE 3 THE ORGANIZATION USES THE FOLLOWING METHOD TO ESTABLISH THE COMPENSATION OF ITS OFFICERS: WATTTIME CORPORATION HAS ENGAGED OUTSIDE COMPENSATION FIRMS TO REVIEW COMPENSATION AT ALL LEVELS AND HELP THE ORGANIZATION TO ESTABLISH COMPENSATION LEVELS THAT ARE APPROPRIATELY COMPETITIVE WITHIN THE MARKET FOR EACH LEVEL OF SENIORITY WITHIN DIFFERENT JOB FAMILIES. THIS REVIEW IS CONDUCTED EVERY FEW YEARS. THE LAST REVIEW WAS DONE IN 2019, AND THE NEXT IS SCHEDULED FOR MAY 2024. THE ORGANIZATION REGULARLY ENSURES NEW AND MODIFIED POSITIONS OF ALL LEVELS ARE APPROPRIATELY PRICED WITH REGARD TO SALARY AND BONUS, INCLUDING SENIOR LEVEL POSITIONS. ADDITIONALLY, THE BOARD OF TRUSTEES FORMED A RENUMERATION COMMITTEE IN 2013 TO ENSURE APPROPRIATE COMPENSATION PRACTICES ARE IN PLACE FOR THE ENTIRE INSTITUTE, INCLUSIVE OF THE EXECUTIVE LEVEL. A SEPARATE BOARD OF TRUSTEES COMMITTEE SETS THE EXECUTIVE DIRECTOR'S COMPENSATION. THIS COMMITTEE DID NOT MEET IN FY23, AND THE EXECUTIVE DIRECTOR'S COMPENSATION WAS UNCHANGED. FORM 990, PART VI, SECTION B, LINE 11B BEFORE FILING, THE EXECUTIVE DIRECTOR REVIEWS THE 990 AND SENDS A COPY TO THE BOARD. BOARD MEMBERS ARE GIVEN THE OPPORTUNITY TO REVIEW BEFORE SUBMITTING. FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS WERE AVAILABLE TO THE PUBLIC UPON REQUEST. EXECUTIVE DIRECTOR GAVIN MCCORMICK KEPT ELECTRONIC COPIES OF ALL THESE DOCUMENTS, AND THE PRIMARY MEANS OF INSPECTION WAS DELIVERING THESE DOCUMENTS BY EMAIL UPON REQUEST. GAVIN MCCORMICK ALSO KEPT PHYSICAL COPIES FOR INSPECTION UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACTORS: PROGRAM SERVICE EXPENSES 2,443,545. MANAGEMENT AND GENERAL EXPENSES 18,695. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,462,240. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 32,275. FUNDRAISING EXPENSES 14. TOTAL EXPENSES 32,289. PART X, COLUMN B, LINE 27: WHILE NET ASSETS WITHOUT DONOR RESTRICTIONS ARE NEGATIVE FOR FY23, ALL RESTRICTED FUNDS WERE USED CONSISTENTLY WITH THEIR RESTRICTIONS. YEAR-END ACCRUAL ADJUSTMENTS AND TIMING OF RECEIPTS OF FUNDS CONTRIBUTE TO THE NEGATIVITY; THIS IS RECTIFIED IN FY24 WITH THE RECEIPT OF A LARGE (MULTI-MILLION DOLLAR) UNRESTRICTED DONATION FROM A GENEROUS DONOR, RECEIVED WITH MUCH APPRECIATION.