2025-05-14T14:49:39-04:00 2024-06-30 521373858 DELEON & STANG CPAS AND ADVISORS 150 S EAST STREET FREDERICK MD 21701 990 2023-07-01 471444637 WATTTIME CORPORATION WATT 8575403535 490 43RD STREET SUITE 221 OAKLAND CA 94609 GAVIN MCCORMICK EXECUTIVE DIRECTOR 8575403535 2025-02-26 true false RYAN CRABBS CPA P02436196 3012507400 2025-05-13 2023 2025-03-06 01:10:19Z GAVIN MCCORMICK 490 43RD STREET 221 OAKLAND CA 94609 21292468 false X 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 33 10 0 10347478 18544604 1706204 2667271 31392 80593 2100 0 12087174 21292468 3850101 3505442 0 4858300 6285178 0 108252 3753609 6991963 12462010 16782583 -374836 4509885 5784742 10805414 1520904 2045025 4263838 8760389 X TO RAISE AWARENESS ABOUT THE POTENTIAL TO REDUCE ENVIRONMENTAL HARM BY SHIFTING ELECTRICITY USE TO PARTICULAR TIMES; TO ENCOURAGE THE DEVELOPMENT AND SPREAD OF COMMON PROTOCOLS FOR THIS PRACTICE. false false 15047208 3505442 2667271 IN FY24 WATTTIME'S PROGRESS ACCELERATED RAPIDLY, ON MULTIPLE FRONTS: AER ASSISTANCE: WATTTIME CONTINUED TO INCREASE 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 REACHED 900 MILLION DEVICES USING AER. WE ESTIMATE THAT OUR WORK HAS NOW CAUSED A TOTAL OF 50 MILLION TONS OF CARBON DIOXIDE REDUCTIONS GLOBALLY. MAKING AER POSSIBLE GLOBALLY: THE KEY REQUIREMENT TO ADOPT AER IS HAVING ACCESS TO DATA ON MARGINAL EMISSIONS. IN FY24 WE WERE ABLE TO OPERATIONALIZE THE ALGORITHMS WE DEVELOPED THE PREVIOUS YEAR TO EXPAND MARGINAL EMISSIONS DATA INTO OVER 150 NEW COUNTRIES; NEARLY EVERYWHERE ON EARTH. THIS DRAMATICALLY INCREASED THE NUMBER OF PEOPLE ABLE TO USE IT. THIS VERY SIGNIFICANT TECHNICAL MILESTONE WAS POSSIBLE IN LARGE PART TO OUR CLIMATE TRACE INITIATIVE (MENTIONED BELOW) TO GATHER AND HARMONIZE GLOBAL EMISSIONS DATA FROM THE WORLD'S POWER GRIDS AND OTHER SOURCES. SUPPORTING HARMONIZATION OF METHODS. IN FY24, WATTTIME JOINED THE TECHNICAL WORKING GROUP FOR THE WIDELY USED GREENHOUSE GAS PROTOCOL TO HELP SUPPORT HARMONIZATION OF DIFFERENT METHODS DIFFERENT EXPERTS USE TO MEASURE AND ACCOUNT FOR THE ENVIRONMENTAL IMPACT OF SHIFTING ELECTRICITY USE TO CLEANER TIMES. CLIMATE TRACE EMISSIONS DATA RESEACH: THE CLIMATE TRACE RESEARCH PROJECT CONTINUED TO PROGRESS RAPIDLY IN FY24. IN NOVEMBER 2024 WATTTIME LED THIS GROWING COALITION OF COLLABORATING ENVIRONMENTAL NONPROFITS, UNIVERSITIES, AND TECH COMPANIES IN SIGNIFICANTLY ADVANCING THE GLOBAL STATE OF THE ART IN EMISSIONS MONITORING. THE COALITION COMPLETED ANALYZING THE GHG EMISSIONS OF THE LARGEST 660 MILLION EMITTING ASSETS WORLDWIDE; IT WAS ABLE TO USE THIS TO DEVELOP COMPREHENSIVE GHG EMISSIONS INVENTORIES FOR EVERY COUNTRY, STATE, AND COUNTY ON THE PLANET AS WELL AS THE LARGEST 9,000 URBAN AREAS; IT EXPANDED ENVIRONMENTAL MONITORING FROM JUST GHG EMISSIONS TO ALSO KEY NON-GHG EMISSIONS SUCH AS SULFUR DIOXIDE POLLUTION; AND IT ADVANCED FROM MONITORING EMISSIONS ONCE PER YEAR TO ONCE PER MONTH. THIS LAST WAS PARTICULARLY RELEVANT TO AER WHICH REQUIRES DETAILED DATA ON TIMING TO SHIFT ELECTRICITY TO CLEANER TIMES. EXPLORING NOVEL APPLICATIONS OF EMISSIONS DATA: IN FY24, WE ALSO CONFIRMED THAT IT IS IN FACT POSSIBLE TO APPLY SIMILAR METHODS TO AER IN OTHER FIELDS OUTSIDE OF ELECTRICITY, USING DATA FROM CLIMATE TRACE. WATTTIME CONCLUDED SUCCESSFUL PILOTS APPLYING SIMILAR TECHNIQUES TO REDUCE EMISSIONS FROM STEEL AND ALUMINUM MANUFACTURING, AND BEGAN CONDUCTING RESEARCH ON SIMILAR METHODS IN MANY OTHER EMITTING SECTORS, FROM WASTEWATER TREATMENT TO OIL REFINING. ALTHOUGH SUCH TECHNIQUES ARE STILL IN THEIR INFANCY, AT SOME POINT IT MAY MAKE SENSE FOR WATTTIME TO EXPAND ITS MISSION SLIGHTLY TO FOCUS ON A WIDER RANGE OF ENVIRONMENTALLY BENEFICIAL PRACTICES. 15047208 true true false true false false false false false false true false false false false true true false false true true true false false false false false true false true false false false false false false false false false false false false false false false false false true 11 0 false 33 true false false false false false false false false X 3 2 false false false false false false false true true false false true true true false true true true false false CA X BLUE FOX 3212333311 2542 WOODFIELD CIR MELBOURNE FL 32904 JEREMY FREEMAN SOFTWARE ENG 40.00 X 214710 0 46476 WILLIAM COFIELD SR DATA SCIE 40.00 X 218616 0 19714 JORDAN LEWIS SR DATA ENGI 40.00 X 190873 0 29012 LAURA CIRINCIONE DIR. OF PART 40.00 X 197419 0 21996 SAM KOEBRICH PPAL ENGINEE 40.00 X 192243 0 24819 GAVIN MCCORMICK EXECUTIVE DI 40.00 X X 173178 0 16180 SASHA SHAHIDI CFO / TREASU 40.00 X 129105 0 15491 ALEXANDRIA SHUSTER SECRETARY 40.00 X 108739 0 20964 SCOTT MOURA DIRECTOR 1.00 X 0 0 0 LYNN THOMAN TREASURER 1.00 X 0 0 0 1424883 194652 5 false true false ROCKY MOUNTAIN INSTITUTE 2490 JUNCTION PLACE BOULDER CO 80301 DATA SCIENCE 1560581 GLOBAL ENERGY MONITOR 1254 UTAH STREET SAN FRANCISCO CA 94110 DATA SCIENCE 1286394 OCEAN MIND HARWELL INNOVATION CENTRE CURIE AVENUE LONDON LONDON UK DATA SCIENCE 920246 THE EARTH GENOME THE JOHN HOPKINS UNIVERSITY 121 PEPPER DRIVE LOS ALTOS CA 94022 WEBSITE 764698 THE JOHN HOPKINS UNIVERSITY APPLIED PHYSICS LABORATORY 11100 JOHNS HOPKINS ROAD LAUREL MD 20723 ENGINEERING 691772 17 18544604 18544604 LICENSE FEES 541610 1880594 1880594 CONSULTING FEES 541610 786677 786677 2667271 80593 80593 21292468 2667271 80593 X 2488841 2488841 1016601 1016601 441575 81894 301519 58162 4841290 4788889 22580 29821 221751 194353 24278 3120 392035 320447 66317 5271 388527 343531 38992 6004 339675 54 339621 384677 384677 4908640 4708674 198314 1652 111087 86646 23759 682 782807 782807 246257 222950 19857 3450 16693 16693 14301 10995 3216 90 98050 98050 CONTRIBUTIONS 58000 58000 BANK CHARGES 22901 526 22375 BAD DEBT 8875 8875 16782583 15047208 1627123 108252 4464241 8113071 828315 2000000 413701 622849 36763 42992 64560 38058 41722 26502 5784742 10805414 762417 1357071 187417 437954 571070 250000 1520904 2045025 X -3773621 6530671 8037459 2229718 4263838 8760389 5784742 10805414 4509885 -13334 X false true X true false X 4520693 8411587 12425096 10347478 18544602 54249456 4520693 8411587 12425096 10347478 18544602 54249456 34763257 19486199 54249456 2667271 0.35920 0.41790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16782583 16782583 989129 247282 494736 749386 774063 989129 3007314 4510971 123684 187347 193516 247282 751829 1127744 64560 38058 26502 26502 X 21624178 331710 331710 21292468 21292468 17114293 331710 331710 16782583 16782583 SCHEDULE D, PAGE 3, PART X WATTTIME HAS EVALUATED ITS CURRENT TAX POSITIONS AND HAS CONCLUDED THAT AS OF JUNE 30, 2024 AND 2023, IT DOES NOT HAVE ANY SIGNIFICANT UNCERTAIN TAX POSITIONS FOR WHICH A RESERVE WOULD BE NECESSARY. true EAST ASIA & THE PACIFIC 2 CONTRACTORS RESEARCH 25264 EUROPE 3 CONTRACTORS RESEARCH 393388 EUROPE 2 GRANTMAKING RESEARCH 1016601 SOUTH ASIA 1 CONTRACTORS RESEARCH 69500 8 8 1504753 1504753 EUROPE TRACE PROJECT 351627 EPAYMENT EUROPE TRACE PROJECT 664974 WIRE TRANSFER false false false false false false SCHEDULE F, PAGE 1, PART I, LINE 2 EACH GRANT GOES THROUGH A COMPREHENSIVE SEARCH AND APPROVAL PROCESS, INCLUDING INTERVIEWS, PILOT PROJECTS, AND REFERENCE CHECKS. GRANT CONTRACTS ENSURE LEGAL COMPLIANCE, AND RECIPIENTS ARE REQUIRED TO KEEP WRITTEN FINANCIAL ACCOUNTS, DOCUMENTS, AND RECORDS OF ALL EXPENDITURES OF GRANT FUNDS AND THE USE OF SUCH FUNDS. COPIES OF SUCH FINANCIAL ACCOUNTS, DOCUMENTS, AND RECORDS ARE TO BE FURNISHED TO WATTTIME UPON REQUEST. IN ADDITION, ALL GRANTEES SUBMIT GRANT REPORTS AT THE END OF THE GRANT PERIOD TO SHOW STATUS OF COMPLETION OF DELIVERABLES AND GRANT EXPENDITURE. SINCE 2023, WE ALSO REQUIRE INTERIM GRANT REPORTS AT THE END OF EVERY TRANCHE. OUR STAFF MEET WITH ALL GRANTEES EVERY TWO WEEKS TO EVALUATE PROGRESS TOWARDS GRANT OBJECTIVES. WATTTIME ALSO TRACKS PROGRESS TOWARD DELIVERABLES USING PROJECT MANAGEMENT TOOLS LIKE NOTION, WHERE TEAMS UPDATE THEIR PROGRESS ON DELIVERABLES AND TASKS. 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. SCHEDULE F, PAGE 1, PART I, LINE 3 EAST ASIA & THE PACIFIC 25,264 0 EUROPE 393,388 0 EUROPE 1,016,601 0 SOUTH ASIA 69,500 0 true GLOBAL ENERGY MONITOR 440 N BARRANCA AVE 2878 COVINA CA 91723 822723327 501C3 624816 DEV. TRACE PROJECT CTREES 1106 HAUSER BOULEVARD LOS ANGELES CA 90019 880538773 501C3 270000 TRACE PROJECT ROCKY MOUNTAIN INSTITUTE 2490 JUNCTION PLACE SUITE 200 BOULDER CO 80301 742244146 501C3 1484770 TRACE PROJECT GLOBAL FISHING WATCH INC 1025 CONN AVENUE NW SUITE 200 WASHINGTON DC 20036 815461345 501C3 35000 TRACE PROJECT MICHIGAN STATE UNIVERSITY 426 AUDITORIUM ROAD ROOM 360 EAST LANSING MI 48214 386005984 501 74255 TRACE PROJECT SCHEDULE I, PAGE 1, PART I, LINE 2 EACH GRANT GOES THROUGH A COMPREHENSIVE SEARCH AND APPROVAL PROCESS, INCLUDING INTERVIEWS, PILOT PROJECTS AND REFERENCE CHECKS. GRANT CONTRACTS ENSURE LEGAL COMPLIANCE AND RECIPIENTS ARE REQUIRED TO KEEP WRITTEN FINANCIAL ACCOUNTS, DOCUMENTS, AND RECORDS OF ALL EXPENDITURES OF GRANT FUNDS AND THE USE OF SUCH FUNDS. COPIES OF SUCH FINANCIAL ACCOUNTS, DOCUMENTS, AND RECORDS ARE TO BE FURNISHED TO WATTTIME UPON REQUEST. IN ADDITION, ALL GRANTEES SUBMIT GRANT REPORTS AT THE END OF THE GRANT PERIOD TO SHOW STATUS OF COMPLETION OF DELIVERABLES AND GRANT EXPENDITURE. SINCE 2023, WE ALSO REQUIRE INTERIM GRANT REPORTS AT THE END OF EVERY TRANCHE. OUR STAFF MEET WITH ALL GRANTEES EVERY TWO WEEKS TO EVALUATE PROGRESS TOWARDS GRANT OBJECTIVES, AND HAVE A GROUP MEETING WITH THEM WEEKLY. WATTTIME ALSO TRACKS PROGRESS TOWARD DELIVERABLES USING PROJECT MANAGEMENT TOOLS LIKE NOTION, WHERE TEAMS UPDATE THEIR PROGRESS ON DELIVERABLES AND TASKS. 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 X X false false false false false false false false false JEREMY FREEMAN SOFTWARE ENGINEER 214710 11069 35407 261186 WILLIAM COFIELD SR DATA SCIENTIST 218616 10937 8777 238330 JORDAN LEWIS SR DATA ENGINEER 190873 9561 19451 219885 LAURA CIRINCIONE DIR. OF PARTNERSHIP 197419 4480 17516 219415 SAM KOEBRICH PPAL ENGINEER 192243 9624 15195 217062 GAVIN MCCORMICK EXECUTIVE DIRECTOR 173178 7003 9177 189358 SCHEDULE J, PAGE 1, PART I, LINE 3 WATTTIME CORPORATION ENGAGES AN OUTSIDE FIRM TO GATHER COMPARABILITY DATA TO DETERMINE COMPENSATION LEVELS FOR EMPLOYEES THAT ARE APPROPRIATELY COMPETITIVE WITHIN THE MARKET FOR DIFFERENT LEVELS OF SENIORITY WITHIN DIFFERENT JOB FAMILIES. THE ORGANIZATION REGULARLY ENSURES THAT NEW AND MODIFIED POSITIONS OF ALL LEVELS ARE APPROPRIATELY PRICED, INCLUDING SENIOR LEVEL POSITIONS. THE INDEPENDENT MEMBERS OF THE BOARD ANNUALLY DESIGNATE A COMPENSATION COMMITTEE TO REVIEW THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON COMPARABILITY DATA. THE COMMITTEE THEN SUGGESTS ANY APPROPRIATE COMPENSATION CHANGES TO BE VOTED ON BY THE BOARD. THIS PROCESS IS CONCURRENTLY DOCUMENTED FORM 990, PAGE 2, PART III, LINE 4A IN FY24 WATTTIME'S PROGRESS ACCELERATED RAPIDLY, ON MULTIPLE FRONTS: AER ASSISTANCE: WATTTIME CONTINUED TO INCREASE 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 REACHED 900 MILLION DEVICES USING AER. WE ESTIMATE THAT OUR WORK HAS NOW CAUSED A TOTAL OF 50 MILLION TONS OF CARBON DIOXIDE REDUCTIONS GLOBALLY. MAKING AER POSSIBLE GLOBALLY: THE KEY REQUIREMENT TO ADOPT AER IS HAVING ACCESS TO DATA ON MARGINAL EMISSIONS. IN FY24 WE WERE ABLE TO OPERATIONALIZE THE ALGORITHMS WE DEVELOPED THE PREVIOUS YEAR TO EXPAND MARGINAL EMISSIONS DATA INTO OVER 150 NEW COUNTRIES; NEARLY EVERYWHERE ON EARTH. THIS DRAMATICALLY INCREASED THE NUMBER OF PEOPLE ABLE TO USE IT. THIS VERY SIGNIFICANT TECHNICAL MILESTONE WAS POSSIBLE IN LARGE PART TO OUR CLIMATE TRACE INITIATIVE (MENTIONED BELOW) TO GATHER AND HARMONIZE GLOBAL EMISSIONS DATA FROM THE WORLD'S POWER GRIDS AND OTHER SOURCES. SUPPORTING HARMONIZATION OF METHODS. IN FY24, WATTTIME JOINED THE TECHNICAL WORKING GROUP FOR THE WIDELY USED GREENHOUSE GAS PROTOCOL TO HELP SUPPORT HARMONIZATION OF DIFFERENT METHODS DIFFERENT EXPERTS USE TO MEASURE AND ACCOUNT FOR THE ENVIRONMENTAL IMPACT OF SHIFTING ELECTRICITY USE TO CLEANER TIMES. CLIMATE TRACE EMISSIONS DATA RESEACH: THE CLIMATE TRACE RESEARCH PROJECT CONTINUED TO PROGRESS RAPIDLY IN FY24. IN NOVEMBER 2024 WATTTIME LED THIS GROWING COALITION OF COLLABORATING ENVIRONMENTAL NONPROFITS, UNIVERSITIES, AND TECH COMPANIES IN SIGNIFICANTLY ADVANCING THE GLOBAL STATE OF THE ART IN EMISSIONS MONITORING. THE COALITION COMPLETED ANALYZING THE GHG EMISSIONS OF THE LARGEST 660 MILLION EMITTING ASSETS WORLDWIDE; IT WAS ABLE TO USE THIS TO DEVELOP COMPREHENSIVE GHG EMISSIONS INVENTORIES FOR EVERY COUNTRY, STATE, AND COUNTY ON THE PLANET AS WELL AS THE LARGEST 9,000 URBAN AREAS; IT EXPANDED ENVIRONMENTAL MONITORING FROM JUST GHG EMISSIONS TO ALSO KEY NON-GHG EMISSIONS SUCH AS SULFUR DIOXIDE POLLUTION; AND IT ADVANCED FROM MONITORING EMISSIONS ONCE PER YEAR TO ONCE PER MONTH. THIS LAST WAS PARTICULARLY RELEVANT TO AER WHICH REQUIRES DETAILED DATA ON TIMING TO SHIFT ELECTRICITY TO CLEANER TIMES. EXPLORING NOVEL APPLICATIONS OF EMISSIONS DATA: IN FY24, WE ALSO CONFIRMED THAT IT IS IN FACT POSSIBLE TO APPLY SIMILAR METHODS TO AER IN OTHER FIELDS OUTSIDE OF ELECTRICITY, USING DATA FROM CLIMATE TRACE. WATTTIME CONCLUDED SUCCESSFUL PILOTS APPLYING SIMILAR TECHNIQUES TO REDUCE EMISSIONS FROM STEEL AND ALUMINUM MANUFACTURING, AND BEGAN CONDUCTING RESEARCH ON SIMILAR METHODS IN MANY OTHER EMITTING SECTORS, FROM WASTEWATER TREATMENT TO OIL REFINING. ALTHOUGH SUCH TECHNIQUES ARE STILL IN THEIR INFANCY, AT SOME POINT IT MAY MAKE SENSE FOR WATTTIME TO EXPAND ITS MISSION SLIGHTLY TO FOCUS ON A WIDER RANGE OF ENVIRONMENTALLY BENEFICIAL PRACTICES. FORM 990, PAGE 6, PART VI, 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, PAGE 6, PART VI, LINE 15A THE INDEPENDENT MEMBERS OF THE BOARD ANNUALLY DESIGNATE A COMPENSATION COMMITTEE TO REVIEW THE EXECUTIVE DIRECTOR'S COMPENSATION BASED ON COMPARABILITY DATA. THE COMMITTEE THEN SUGGESTS ANY APPROPRIATE COMPENSATION CHANGES TO BE VOTED ON BY THE BOARD. THIS PROCESS IS CONCURRENTLY DOCUMENTED. FORM 990, PAGE 6, PART VI, 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL EXPENSES 0 135,576 0 CONTRACTORS 4,708,674 62,738 1,652 TOTAL 4,708,674 198,314 1,652