Calcef Innovations
- Assets
- $15.8m
- Revenue
- $8.8m
- Investments
- $596.5k
- Employees
- 0
- Location
- Oakland, CA
- Founding
- 12/2007
- Data as of
- 12/2021
- EIN
- 26-1339988
Organization Overview
Calcef Innovations, operating under the name New Energy Nexus, is located in Oakland, CA. The organization was established in 2007. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Energy Nexus is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, New Energy Nexus generated $8.8m in total revenue. All expenses for the organization totaled $6.6m during the year ending 12/2021. While expenses have increased by 59.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GROW CLEAN ENERGY MARKETS AND ACCELERATE ADOPTION OF CLEAN ENERGY TECHNOLOGY IN EQUITABLE MANNER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CALCEF INNOVATIONS CONTINUED, UNDER THE BRAND NAME NEW ENERGY NEXUS, A DIVERSE GLOBAL NETWORK OF CLEAN ENERGY INCUBATORS AND ACCELERATORS, WHICH INCLUDED DEEP ENGAGEMENT WITH CLEAN ENERGY ENTREPRENEURS IN VARIOUS STAGES OF TECHNICAL AND MARKET READINESS IN INDONESIA, VIETNAM, PHILIPPINES, THAILAND AND CHINA AS WELL AS NEW YORK STATE.
CALCEF INNOVATIONS FISCALLY SPONSORED SEVERAL PROJECTS THAT ARE CLOSELY MISSION-ALIGNED, SUCH AS ENERGY PEACE PARTNERS, NAVAJO POWER, AND PRE-DEVELOPMENT INTO RENEWABLE BIOMASS ENERGY PROJECTS.
CALCEF INNOVATIONS CONDUCTED MANY EDUCATIONAL EVENTS TO BRING TOGETHER STAKEHOLDERS OF THE CLEAN ENERGY SYSTEM TO ACCELERATE THE CLEAN ENERGY TRANSITION. THIS INCLUDED SIGNIFICANT EXPLORATION ON THE VIABILITY OF COMMUNITY-BASED INVESTMENTS INTO CLEAN ENERGY AND ECOSYSTEMS IN CALIFORNIA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ian Rogoff Chairman | OfficerTrustee | 3 | $0 |
Jon Foster Secretary/treasurer | OfficerTrustee | 3 | $0 |
Danny Kennedy Managing Director | Officer | 25 | $0 |
Christina Borsum CFO | Officer | 9 | $0 |
Michel Gelobter Board Member | Trustee | 1 | $0 |
Sherri Pittman Howard Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shanghai Qingye New Energy Technology Co Consulting | 12/30/21 | $173,780 |
Koch Project Solutions Llc Consulting | 12/30/21 | $165,000 |
Rebecca Lee Consulting | 12/30/21 | $130,590 |
True North Technology Pte Ltd Consulting | 12/30/21 | $119,033 |
Deutsche Gesellschaft Fur Internationale Consulting | 12/30/21 | $102,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,627,942 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,561,921 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,189,863 |
| Total Program Service Revenue | $493,312 |
| Investment income | $135,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,813,623 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $73,276 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $168,741 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $318,049 |
| Compensation of current officers, directors, key employees. | $50,272 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,756,541 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $269,825 |
| Payroll taxes | $174,499 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $211,167 |
| Fees for services: Accounting | $95,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,631,741 |
| Advertising and promotion | $0 |
| Office expenses | $18,813 |
| Information technology | $139,539 |
| Royalties | $0 |
| Occupancy | $163,299 |
| Travel | $58,551 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $65,994 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $77,487 |
| Insurance | $23,802 |
| All other expenses | $83,415 |
| Total functional expenses | $6,640,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,879,028 |
| Savings and temporary cash investments | $3,213,059 |
| Pledges and grants receivable | $2,962,061 |
| Accounts receivable, net | $530,860 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $101,143 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $596,516 |
| Investments—program-related | $4,204,578 |
| Intangible assets | $0 |
| Other assets | $295,790 |
| Total assets | $15,783,035 |
| Accounts payable and accrued expenses | $753,009 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,089,227 |
| Total liabilities | $1,842,236 |
| Net assets without donor restrictions | $679,413 |
| Net assets with donor restrictions | $13,261,386 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $15,783,035 |
Grants Recieved
Over the last fiscal year, we have identified 12 grants that Calcef Innovations has recieved totaling $3,988,882.
| Awarding Organization | Amount |
|---|---|
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR EXPANDING CLIMATE FINANCE WORK | $2,200,000 |
Jeremy And Hannelore Grantham Environmental Trust Boston, MA PURPOSE: GRANTS TO PROTECT THE ENVIRONMENT | $600,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR CLIMATE FINTECH PROGRAM | $350,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR CLIMATE FINTECH PROGRAM | $225,000 |
William & Flora Hewlett Foundation Menlo Park, CA PURPOSE: FOR CLIMATE FINTECH PROGRAM | $165,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: ENVIRONMENT & ANIMAL PROTECTION | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Coalition Irvine, CA | $17,114,410 | $15,434,629 |
Solutions Project Inc Oakland, CA | $43,392,918 | $7,109,557 |
Energy Action Fund San Francisco, CA | $13,042,856 | $15,440,948 |
Californias For Energy Independence San Rafael, CA | $5,056,304 | $11,791,038 |
Calcef Innovations Oakland, CA | $15,783,035 | $8,813,623 |
Global Alliance For Incinerator Alternatives Berkeley, CA | $3,935,588 | $4,680,505 |
Climate Action Reserve Los Angeles, CA | $8,572,004 | $4,530,759 |
Green Building Initiative Inc Portland, OR | $9,419,082 | $7,219,837 |
Western Climate Initiative Inc Sacramento, CA | $14,036,664 | $9,896,538 |
Gridlab Inc Berkeley, CA | $780,147 | $2,004,474 |
California Solar Energy Industries Association Sacramento, CA | $1,192,510 | $3,375,125 |
California Power Exchange Corporation Woodland Hills, CA | $0 | $3,355,148 |