Clt Joules
- Assets
- $538.9k
- Revenue
- $535.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 11/2013
- Data as of
- 12/2023
- 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 12/2023, Clt Joules employed 3 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 12/2023, Clt Joules generated $535.5k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $484.2k during the year ending 12/2023. While expenses have increased by 8.9% per year over the past 8 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
2023
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
CLIMATE/ENERGY SOLUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Irvin Executive Dir. | OfficerTrustee | 40 | $161,897 |
Brian Savoy Exec. Sponsor | OfficerTrustee | 10 | $0 |
Sharai Lavoie Treasurer | OfficerTrustee | 10 | $0 |
Mark Boomgarden Director | Trustee | 10 | $0 |
Paul Stein Director | Trustee | 10 | $0 |
Claudia Cosoreanu Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $210,544 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $535,544 |
| 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 | $535,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $20,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $161,897 |
| Compensation of current officers, directors, key employees. | $16,190 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $213,883 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,736 |
| Payroll taxes | $42,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,900 |
| Advertising and promotion | $871 |
| Office expenses | $769 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $257 |
| Travel | $17,170 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,115 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,788 |
| All other expenses | $0 |
| Total functional expenses | $484,241 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $378,923 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $157,640 |
| 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 | $2,341 |
| 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 | $538,904 |
| Accounts payable and accrued expenses | $3,751 |
| 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 | $0 |
| Total liabilities | $3,751 |
| Net assets without donor restrictions | $535,153 |
| 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 | $538,904 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
State Policy Network Arlington, VA | $20,708,122 | $27,111,882 |
Bvm Capacity Building Institute Inc Atlanta, GA | $9,987,333 | $21,444,746 |
Southern Center For Human Rights Atlanta, GA | $13,220,230 | $4,233,073 |
Nc Congress Of Latino Organizations Ncclo Durham, NC | $1,785,720 | $1,113,731 |
Clt Joules Charlotte, NC | $538,904 | $535,544 |