Colorado Clean Energy Fund
- Assets
- $35.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 10
- Location
- Denver, CO
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 32-0586861
Organization Overview
Colorado Clean Energy Fund is located in Denver, CO. The organization was established in 2019. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2023, Colorado Clean Energy Fund employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Clean Energy Fund 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 12/2023, Colorado Clean Energy Fund generated $2.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (52.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO FILL EXISTING FINANCING GAPS IN CLEAN ENERGY AND POLUTION-REDUCTION PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING FINANCING FOR CLEAN ENERGY PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gremmert Board Chairperson & Secretary | OfficerTrustee | 1 | $0 |
Eric Drummond Director | Trustee | 1 | $0 |
Will Toor Director | Trustee | 1 | $0 |
Keirstin Beck Director | Trustee | 1 | $0 |
Paul Scharfenberger CEO | Officer | 40 | $211,000 |
Heather Braithwaite Cio | Officer | 40 | $158,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,333,333 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,333,333 |
| Total Program Service Revenue | $444,088 |
| Investment income | $975,862 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$42,727 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,710,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $695,209 |
| Compensation of current officers, directors, key employees. | $236,230 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,936 |
| Pension plan accruals and contributions | $11,241 |
| Other employee benefits | $31,607 |
| Payroll taxes | $70,850 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,040 |
| Fees for services: Accounting | $52,422 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $150,894 |
| Advertising and promotion | $26,456 |
| Office expenses | $14,551 |
| Information technology | $49,603 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,350 |
| Interest | $51,781 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $32,006 |
| All other expenses | $0 |
| Total functional expenses | $1,995,111 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,788,618 |
| Savings and temporary cash investments | $3,650,039 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,915 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $11,415,906 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $202,431 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $17,604,699 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $35,680,608 |
| Accounts payable and accrued expenses | $36,291 |
| Grants payable | $0 |
| Deferred revenue | $1,500,000 |
| 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 | $5,000,000 |
| Other liabilities | $0 |
| Total liabilities | $6,536,291 |
| Net assets without donor restrictions | $16,394,133 |
| Net assets with donor restrictions | $12,750,184 |
| 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 | $35,680,608 |