2024-11-15T20:44:05-06:00 2023-12-31 814234542 BPM LLP 10 ALMADEN BOULEVARD SUITE 1000 SAN JOSE CA 951132238 990 2023-01-01 770640000 CALIFORNIA CLEAN ENERGY FUND CALI 4159570167 2150 ALLSTON WAY 360 BERKELEY CA 94704 CHRISTINA BORSUM CFO 4159570167 2024-11-15 1 0 TAMARA L MCINERNEY P00011797 4089616300 2024-11-15 2023 2024-10-15 13:58:12Z X CALCEF VENTURES DANNY KENNEDY 2150 ALLSTON WAY 360 BERKELEY CA 94704 2361139 0 X WWW.NEWENERGYNEXUS.COM X 2004 CA PROGRAM AND FUND MANAGER DRIVING CLEAN ENERGY ENTREPRENEURSHIP 4 4 26 0 0 0 2101561 2038839 651813 307300 36 0 4800 15000 2758210 2361139 1462125 75000 0 0 1673653 1773176 0 0 0 1018401 784119 4154179 2632295 -1395969 -271156 4958364 4305450 2386072 1904608 2572292 2400842 X THE CALIFORNIA CLEAN ENERGY FUND SUPPORTS ENTREPRENEURS TO DRIVE INNOVATION AND BUILD EQUITY INTO THE CLEAN ECONOMY 0 0 1732904 75000 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 AT LEAST 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. 124511 SOLICITED AND CONTRACTED THE SECOND PROGRAM COHORT OF 16 ENTREPRENEURS INTO THE CALTESTBED PROGRAM, WHILE PROVIDING TECHNOLOGY TESTING SERVICES FOR THE FIRST COHORT OF 25 ENTREPRENEURS THROUGH LAB PARTNERS. 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. IN ADDITION TO TESTING VOUCHERS THE PROGRAM PROVIDES STRONG NETWORK CONNECTIONS TO PILOT CUSTOMERS AND INVESTORS. 307300 PROVIDED CURRICULUM AND PROGRAM OPERATIONS EXPERTISE TO 3RD DERIVATIVE, A COLLABORATION WITH ROCKY MOUNTAIN INSTITUTE. 3RD DERIVATIVE IS AN INTEGRATED PROGRAM FOR INNOVATIVE START-UPS POSITIONED TO BE PART OF THE SOLUTION FOR THE CLIMATE CRISIS CHALLENGE. THE PROGRAM COMBINES A VIRTUAL ACCELERATOR, COMMITTED VENTURE CAPITAL, A CURATED ECOSYSTEM OF GLOBAL CORPORATIONS, AND MARKET, REGULATORY AND POLICY INSIGHTS. 15000 OTHER PROGRAM SERVICES - MORE INFORMATION NEEDED 15000 1857415 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 47 0 1 26 1 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 1 1 1 1 1 1 CA X GRACE NITAFAN 4159570167 2150 ALLSTON WAY SUITE 360 BERKELEY CA 94704 JONATHAN FOSTER SECRETARY/TREASURER 3.00 4.00 X X 0 0 0 IAN ROGOFF BOARD MEMBER 3.00 4.00 X 0 0 0 JULIE BLUNDEN BOARD MEMBER 3.00 1.00 X 0 0 0 JANET DALZIELL BOARD MEMBER 3.00 0.00 X 0 0 0 DANNY KENNEDY EXECUTIVE DIRECTOR 20.20 19.76 X 221950 0 38440 CHRISTINA BORSUM CFO 18.05 21.95 X 183695 0 9586 REBECCA LEE MANAGING DIRECTOR OF CA 33.37 6.62 X 157500 0 0 ELIZABETH ANDREWS CHIEF DEVELOPMENT OFFICER 0.00 40.06 X 160483 0 8415 JOY LARSON PROGRAM DIRECTOR 40.04 0.00 X 146314 0 7496 SARAH CHESTER DIRECTOR OF GRANTS MGMT 40.08 0.00 X 125783 0 6511 GRACE NITAFAN CONTROLLER 15.06 21.02 X 155722 0 13657 TRISTAN TREMSCHNIG COMMUNICATIONS DIRECTOR 21.83 17.98 X 138496 0 6924 1289943 0 91029 8 0 1 0 BRUNT WORK PTY LTD 1 BULKARA ROAD NSW 2023 BELLEVUE HILL AS CONSULTING SERVICES 313817 DEEL INC 425 1ST STREET SAN FRANCISCO CA 94105 CONSULTING SERVICES 240926 THE GRANT FARM INC DBA MOMENTUM 1201 K STREET 12TH FLOOR SACRAMENTO CA 95814 CALSEED SUBCONTRACTOR 232179 BOUNDLESS TECHNOLOGIES LIMITED THE GREENWAY ICONIC OFFICES BLOCK C DUBLIN EI CONSULTING SERVICES 181812 4 2037639 1200 2038839 PROGRAM ADMIN & ADVISO 900099 307300 307300 307300 OTHER INCOME 900099 15000 15000 15000 2361139 322300 0 0 X 75000 75000 350274 263664 86610 1238374 919758 318616 74271 66137 8134 110257 97645 12612 5398 5398 51405 51405 360631 301580 59051 69592 66441 3151 3666 207 3459 75067 14222 60845 106933 106933 33253 12783 20470 15601 7276 8325 27566 27566 7294 7294 PAYROLL & BANK FEES 11037 -19 11056 LICENSE/TAXES/FEES 4725 4725 BOARD AND STAFF MEETING 4140 590 3550 INVESTMENT LOSS IN LPS 3421 3421 4390 1144 3246 2632295 1857415 774880 0 443272 134254 3678840 3245891 192400 209117 385100 324366 94121 60734 308067 306040 241664 349414 4958364 4305450 2000502 1500888 149410 147050 236160 256670 2386072 1904608 X 2535059 2363609 37233 37233 2572292 2400842 4958364 4305450 X -271156 197 99509 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44298 44298 0 340802 280068 60734 60734 MICROGRID CATALYTIC CAPITAL PARTNERS LLC 306040 F 306040 DEPOSITS 133875 DUE FROM CALCHARGE 215189 DUE FROM CATALYST 350 349414 PAYROLL LIABILITIES 1975 OTHER DEFERRED LIABILITY 6925 DUE TO NEW ENERGY NEXUS 8545 DUE TO CALCEF INNOVATIONS 239225 256670 EAST ASIA AND THE PACIFIC 1 11 PROGRAM SERVICES CONSULTING SERVICES 363658 EUROPE 0 2 PROGRAM SERVICES CONSULTING SERVICES 210856 NORTH AMERICA 0 1 PROGRAM SERVICES CONSULTING SERVICES 7525 RUSSIA AND NEIGHBORING STATES 0 1 PROGRAM SERVICES CONSULTING SERVICES 89834 SOUTH ASIA 0 2 PROGRAM SERVICES CONSULTING SERVICES 40518 SUB-SAHARAN AFRICA 0 1 PROGRAM SERVICES CONSULTING SERVICES 4174 1 18 0 0 1 18 716565 0 716565 0 0 0 0 0 0 0 ENERGY INSTITUTE AT HAAS - THE REGENTS OF THE UNIVERSITY OF CALIFORNIA 319 GIANNINI HALL 5180 BERKELEY CA 94720 946002123 GOV 75000 0 CLEANTECH TO MARKET (C2M) PROGRAM 1 X X X X X X 0 0 0 0 0 0 0 0 0 DANNY KENNEDY EXECUTIVE DIRECTOR 221950 0 0 0 0 0 0 0 38440 0 260390 0 0 0 CHRISTINA BORSUM CFO 183695 0 0 0 0 0 0 0 9586 0 193281 0 0 0 GRACE NITAFAN CONTROLLER 155722 0 0 0 0 0 0 0 13657 0 169379 0 0 0 ELIZABETH ANDREWS CHIEF DEVELOPMENT OFFICER 160483 0 0 0 0 0 0 0 8415 0 168898 0 0 0 REBECCA LEE MANAGING DIRECTOR OF CA 157500 0 0 0 0 0 0 0 0 0 157500 0 0 0 JOY LARSON PROGRAM DIRECTOR 146314 0 0 0 0 0 0 0 7496 0 153810 0 0 0 FORM 990, PART VI, SECTION A, LINE 8B CALIFORNIA CLEAN ENERGY FUND'S GOVERNING BODY DID NOT DELEGATE AUTHORITY TO ACT ON ITS BEHALF TO ANY EXECUTIVE COMMITTEE OR ANY OTHER SIMILAR COMMITTEE. ACCORDINGLY, DOCUMENTATION DOES NOT EXIST BECAUSE NO SUCH COMMITTEES EXIST. FORM 990, PART VI, SECTION B, LINE 11B CALIFORNIA CLEAN ENERGY FUND'S CFO WILL REVIEW THE 990 PRIOR TO FILING WITH THE IRS. A DRAFT WILL ALSO BE FURNISHED TO THE BOARD CHAIR FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE BY DIRECTORS, CORPORATE OFFICERS, TOP MANAGEMENT, KEY EMPLOYEES; BOARD REVIEW AND DISPOSITION PER POLICY STANDARDS; DETAILED RECORDS. FORM 990, PART VI, SECTION B, LINE 15 CALIFORNIA CLEAN ENERGY FUND CONTRACTED WITH AN INDEPENDENT COMPENSATION EXPERT IN 2013 TO REVIEW THE EXECUTIVE DIRECTOR'S SALARY. THIS INFORMATION WAS USED, UPDATED FOR COST-OF-LIVING INCREASES SINCE 2013, TO FINALIZE AN OFFER FOR MANAGING DIRECTORS WHO WERE HIRED IN 2015 AND WHOSE COMPENSATION REMAINED UNCHANGED IN 2019. COMPENSATION LEVELS ARE CONTINUOUSLY MONITORED IN BUDGET AND STAFF PLANNING REVIEWS TO ENSURE CONTINUED APPROPRIATENESS. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE PROCESS INCLUDES BENCHMARKING AGAINST OTHER MEMBERS OF THE EXECUTIVE TEAM WITHIN THE FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. FOR OTHER OFFICERS AND KEY EMPLOYEES, THE PROCESS INCLUDES BENCHMARKING AGAINST OTHER MEMBERS OF THE EXECUTIVE TEAM WITHIN THE FAMILY OF NOT-FOR-PROFIT ORGANIZATIONS. THE PROCESS WAS LAST UNDERTAKEN IN 2022. FORM 990, PART VI, SECTION C, LINE 19 IN 2023, CALIFORNIA CLEAN ENERGY FUND DID NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. FORM 990, PART IX, LINE 11G OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 235,533. MANAGEMENT AND GENERAL EXPENSES 46,119. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 281,652. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 2,559. MANAGEMENT AND GENERAL EXPENSES 501. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,060. HR AND DEVELOPMENT: PROGRAM SERVICE EXPENSES 63,488. MANAGEMENT AND GENERAL EXPENSES 12,431. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 75,919. FORM 990, PART XI, LINE 9: FORGIVNESS OF DEBT 99,509. CALCEF INNOVATIONS 2150 ALLSTON WAY SUITE 360 BERKELEY CA 94704 261339988 GROW CLEAN ENERGY MARKETS AND ACCELERATE EQUITABLE CLEAN ENERGY ADOPTION CA 501(C)(3) 7 CALIFORNIA CLEAN ENERGY FUND 1 CALCEF CATALYST 2150 ALLSTON WAY SUITE 360 BERKELEY CA 94704 472102162 PROMOTE CLEAN ENERGY IN CALIFORNIA AND DEVELOP PRIVATE SECTOR LEADERSHIP CA 501(C)(6) CALIFORNIA CLEAN ENERGY FUND 1 NEW ENERGY NEXUS ENVENTURE 2150 ALLSTON WAY SUITE 360 BERKELEY CA 94704 843656302 SUPPORT SOCIAL ENTERPRISES ENGAGED IN THE DISTRIBUTION OF CLEAN ENERGY PRODU CA 501(C)(3) LINE 12A, I CALCEF INNOVATIONS 1 NEW ENERGY NEXUS SHANGHAI LTD ROOM 4F FLOOR 4 BLD 1 NO 181 465 CHANG NING DISTRICT SHANGHAI CH BUSINESS CONSULTING FOR RENEWABLE ENERGY CH CALCEF INNOVATIONS C 0 NEW ENERGY NEXUS VENTURES PTE LTD 8 MARINA VIEW 42-01 ASIA SQUARE TO SINGAPORE SN INVESTMENT MANAGEMENT COMPANY SN CALCEF INNOVATIONS C 0 0 0 0 1 1 0 0 0 0 0 0 1 1 1 1 0 1 0 1 CALCEF INNOVATIONS E 239225 BOOK VALUE CALCEF CATALYST D 215539 BOOK VALUE CALCEF INNOVATIONS L 1455045 BOOK VALUE CALCEF CATALYST L 67373 BOOK VALUE CALCEF INNOVATIONS M 64950 BOOK VALUE CALCEF INNOVATIONS N 86214 BOOK VALUE CALCEF CATALYST O 48656 BOOK VALUE CALCEF INNOVATIONS O 884246 BOOK VALUE CALCEF INNOVATIONS Q 2050000 BOOK VALUE CALCEF CATALYST S 99509 BOOK VALUE MICROGRID CATALYTIC CAPITAL PARTNERS LLC 2150 ALLSTON WAY STE 360 BERKELEY CA 94704 831949435 INVESTMENT FUND TO FACILIATE INVESTMENT IN MICROGRID DE RELATED 0 -3421 342932 0 0 1.00000