Clt Joules
- Assets
- $387.0k
- Revenue
- $465.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Charlotte, NC
- Founding
- 11/2013
- Data as of
- 12/2021
- EIN
- 45-4670819
Organization Overview
Clt Joules is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (R02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Clt Joules employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clt Joules 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, Clt Joules generated $465.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 43.7% each year . All expenses for the organization totaled $309.3k during the year ending 12/2021. While expenses have increased by 15.4% 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
CLT JOULES IS A 501(C)(3) NON-PROFIT WORKING WITH UTILITIES, INDUSTRY, MUNICIPALITIES, UNIVERSITIES AND R&D INSTITUTIONS TO IDENTIFY, ADVISE, CONNECT AND DEPLOY CLEANTECH STARTUPS WITH CHARLOTTE AND THE RESEARCH TRIANGLE PARK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
JOULES MOST SIGNIFICANT ACTIVITIES:2 COHORTS PER YEAR (9 TO DATE)72 STARTUPS ENGAGED WITH OUR COMMUNITYOVER 120 LOCAL JOBS CREATEDOVER $45 MILLION IN LOCAL INVESTMENT16 PILOT PROJECTSAWARDED A GRANT FROM THE US ECONOMIC DEVELOPMENT ADMINISTRATION ($750,000 OVER 3 YEARS)AWARDED A GRANT FROM US DOE ON OCTOBER 1, 2021 ($600,000 OVER 3 YEARS)
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Irvin Executive Dir. | OfficerTrustee | 40 | $152,460 |
Brian Savoy Exec. Sponsor | OfficerTrustee | 3 | $0 |
Sharai Lavoie Treasurer | OfficerTrustee | 5 | $0 |
Bob Vary Chairman | OfficerTrustee | 3 | $0 |
Mark Boomgarden Director | Trustee | 3 | $0 |
Paul Stein Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $165,139 |
| All other contributions, gifts, grants, and similar amounts not included above | $300,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,139 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $465,139 |
| 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. | $152,460 |
| Compensation of current officers, directors, key employees. | $15,246 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $109,205 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,852 |
| Payroll taxes | $28,339 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,000 |
| Advertising and promotion | $2,500 |
| Office expenses | $396 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $464 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,312 |
| All other expenses | $0 |
| Total functional expenses | $309,307 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $233,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $102,399 |
| Accounts receivable, net | $50,000 |
| 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 | $829 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $386,984 |
| Accounts payable and accrued expenses | $16,481 |
| Grants payable | $39,345 |
| 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 | $0 |
| Total liabilities | $55,826 |
| Net assets without donor restrictions | $331,158 |
| Net assets with donor restrictions | $0 |
| 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 | $386,984 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Clt Joules has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
The Chicago Community Trust Chicago, IL PURPOSE: TO SUPPORT JOULES ACCELERATOR | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Majority Forward Washington, DC | $0 | $76,141,831 |
League Of Conservation Voters Inc Washington, DC | $40,217,616 | $114,796,662 |
Equal Justice Initiative Montgomery, AL | $336,552,200 | $133,071,261 |
National Council On Aging Inc Arlington, VA | $10,857,005 | $54,308,003 |
Christian Advocates Serving Evangelism Inc Brentwood, TN | $92,802,037 | $76,849,372 |
Naacp Empowerment Programs Inc Baltimore, MD | $113,174,751 | $103,738,054 |
Center For Election Innovation & Research Washington, DC | $28,940,276 | $56,887,378 |
Center For American Progress Washington, DC | $72,328,871 | $50,471,917 |
Fwd Us Inc Washington, DC | $54,494,409 | $65,150,482 |
Human Rights Campaign Inc Washington, DC | $30,308,735 | $46,336,214 |
Faith And Freedom Coalition Inc Duluth, GA | $9,626,243 | $29,681,130 |
Institute For Justice Arlington, VA | $118,219,089 | $38,984,471 |