2025-12-09T12:04:30-06:00 2022-12-31 814234542 BPM LLP 10 ALMADEN BOULEVARD SUITE 1000 SAN JOSE CA 951132238 990 2022-01-01 770640000 CALIFORNIA CLEAN ENERGY FUND CALI 4159570167 2150 ALLSTON WAY 360 BERKELEY CA 94704 DANNY KENNEDY CFO 4159570167 2025-12-04 1 0 TAMARA L MCINERNEY P00011797 4089616300 2025-08-27 2022 2025-03-06 01:10:19Z X CALCEF VENTURES DANNY KENNEDY 2150 ALLSTON WAY 360 BERKELEY CA 94704 2807519 0 X WWW.NEWENERGYNEXUS.COM X 2004 CA PROGRAM AND FUND MANAGER DRIVING CLEAN ENERGY ENTREPRENEURSHIP 4 4 28 4 0 0 1748188 2151751 603000 651813 52 36 11756 3919 2362996 2807519 1500 0 0 0 1381763 1836385 0 0 0 905427 905726 2288690 2742111 74306 65408 3733217 5228765 1226884 2659525 2506333 2569240 THE CALIFORNIA CLEAN ENERGY FUND SUPPORTS ENTREPRENEURS TO DRIVE INNOVATION AND BUILD EQUITY INTO THE CLEAN ECONOMY 0 0 2150933 656613 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. 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. 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. 2150933 0 1 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 35 0 1 28 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 1 1 1 1 1 1 1 1 0 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 X 0 0 0 DANNY KENNEDY EXECUTIVE DIRECTOR 19.00 21.00 X 213208 0 35942 CHRISTINA BORSUM CFO 22.00 18.00 X 176460 0 9267 DENISE RUSHING MANAGING DIRECTOR 40.00 X 197950 0 15226 TENLEY DALSTROM PROGRAM DIRECTOR 40.00 X 114180 0 7589 RYAN KUSHNER PROGRAM MANAGER 35.00 5.00 X 129470 0 9306 GRACE NITAFAN CONTROLLER 17.00 18.00 X 127922 0 13046 JOY LARSON PROGRAM DIRECTOR 40.00 X 103392 0 5507 SARAH CHESTER DIRECTOR OF GRANTS MGMT 40.00 X 119653 0 8811 1182235 0 104694 8 0 1 0 THE GRANT FARM INC DBA MOMENTUM 1201 K STREET 12TH FLOOR SACRAMENTO CA 95814 PROGRAM REPORTING 123216 BRUNTWORK PTE LTD 235 OXFORD ST UNIT 1602 SYDNEY NSW AS 2022 CONSULTING SERVICES 115334 2 2151751 2151751 PROGRAM ADMIN & ADVISO 900099 651813 651813 651813 36 36 OTHER INCOME 900099 4800 4800 EXCHANGE LOSS 900099 -881 -881 3919 2807519 656613 0 -845 X 433672 341908 91764 1211710 955315 256395 75261 59336 15925 115742 91251 24491 1690 1690 87865 87865 451479 451267 212 58629 58629 4822 1350 3472 71668 51222 20446 108740 73236 35504 28351 20303 8048 9210 9175 35 28368 24495 3873 8591 3361 5230 PAYROLL & BANK FEES 28076 321 27755 WEBSITE 8671 5701 2970 OTHER EXPENSES 2809 731 2078 MEMBERSHIP & SUBSCRIPTI 2743 525 2218 4014 2807 1207 2742111 2150933 591178 0 238336 443273 102224 2120516 3853401 185659 192400 385100 290979 92392 94121 310094 308066 683996 337504 3733217 5228765 900120 2046639 161313 149410 165451 463476 1226884 2659525 X 2468626 2532007 37707 37233 2506333 2569240 3733217 5228765 X 65408 -2501 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44298 44298 0 340802 246681 94121 94121 MICROGRID CATALYTIC CAPITAL PARTNERS LLC 308066 F 308066 DEPOSITS 59644 DUE FROM CALCHARGE 57649 RIGHT OF USE ASSET 220211 337504 DUE TO NEW ENERGY NEXUS 8545 DUE TO CALCEF INNOVATIONS 187753 DUE TO CATALYST 17386 OPERATING LEASE LIABILITY 249792 463476 2805018 -2501 -2501 2807519 0 2807519 2742111 0 2742111 0 2742111 PART XI, LINE 2D - OTHER ADJUSTMENTS: LOSS ON PARTNERSHIP -2,501. EAST ASIA AND THE PACIFIC 0 11 PROGRAM SERVICES CONSULTING SERVICES FOR NEW ENERGY NEXUS PROGRAM 308813 EUROPE 0 1 PROGRAM SERVICES CONSULTING SERVICES FOR NEW ENERGY NEXUS PROGRAM 90832 0 12 0 0 0 12 399645 0 399645 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X 0 0 0 0 0 0 0 0 0 DANNY KENNEDY EXECUTIVE DIRECTOR 213208 0 0 0 0 0 0 0 35942 0 249150 0 0 0 DENISE RUSHING MANAGING DIRECTOR 197950 0 0 0 0 0 0 0 15226 0 213176 0 0 0 CHRISTINA BORSUM CFO 176460 0 0 0 0 0 0 0 9267 0 185727 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 A COPY OF THE 990 WILL NOT BE PROVIDED TO THE BOARD BEFORE FILING 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. THE PROCESS WAS LAST UNDERTAKEN IN 2021. FORM 990, PART VI, SECTION C, LINE 19 IN 2022, 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 PROJECT CONSULTANTS: PROGRAM SERVICE EXPENSES 353,569. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 353,569. STAFF TRAINING & MEETING FACILITATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 212. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 212. PROGRAM CONSULTANTS: PROGRAM SERVICE EXPENSES 97,698. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 97,698. FORM 990, PART IX, LINE 5 OFFICERS OF THE ORGANIZATION ARE PAID BY THE ORGANIZATION WITH THE TOTAL AMOUNT REPRESENTED ON PART VII. FOR FUNCTIONAL EXPENSE PURPOSES, THESE SALARIES ARE BOOKED TO EXPENSES BASED ON THE ALLOCATION OF HOURS TO THE ORGANIZATION AND RELATED ORGANIZATIONS. FORM 990, PART XI, LINE 9: LOSS ON PARTNERSHIP EXCHANGE -2,501. FORM 990, ITEM B AMENDED RETURN FORM 990 WAS AMENDED TO REFLECT THE COMPLETION OF THE AUDIT AND UPDATE FINANCIALS TO MATCH THE AUDITED FINANCIAL STATEMENTS. AS A RESULT, CHANGES HAVE BEEN MADE TO PART VIII, IX, X AND XII. ALSO, SCHEDULE D, PART XI AND XII AND SCHEDULE R, PART V HAVE BEEN UPDATED. CALCEF INNOVATIONS 436 14TH STREET SUITE 1220 OAKLAND CA 94612 261339988 GROW CLEAN ENERGY MARKETS AND ACCELERATE EQUITABLE CLEAN ENERGY ADOPTION CA 501(C)(3) 7 CALIFORNIA CLEAN ENERGY FUND 1 CALCEF CATALYST 436 14TH STREET SUITE 1220 OAKLAND CA 94612 472102162 PROMOTE CLEAN ENERGY IN CALIFORNIA AND DEVELOP PRIVATE SECTOR LEADERSHIP CA 501(C)(6) CALIFORNIA CLEAN ENERGY FUND 1 NEW ENERGY NEXUS ENVENTURE 436 14TH STREET SUITE 1220 OAKLAND CA 94612 843656302 SUPPORT SOCIAL ENTERPRISES ENGAGED IN THE DISTRIBUTION OF CLEAN ENERGY PRODU CA 501(C)(3) LINE 12A, I CALCEF INNOVATIONS 1 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 1 0 0 CALCEF INNOVATIONS E 181725 BOOK VALUE CALCEF CATALYST E 17366 BOOK VALUE MICROGRID CATALYTIC CAPITAL PARTNERS LLC 436 14TH STREET SUIT 1220 OAKLAND CA 94612 831949435 INVESTMENT FUND TO FACILIATE INVESTMENT IN MICROGRID DE 0 -2501 308067 0 0 1.00000