Cleantech Partners Inc
- Assets
- $8.4m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Middleton, WI
- Founding
- 09/2004
- Data as of
- 12/2022
- EIN
- 81-0575115
Organization Overview
Cleantech Partners Inc is located in Middleton, WI. The organization was established in 2004. 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 12/2022, Cleantech Partners Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cleantech Partners Inc 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 12/2022, Cleantech Partners Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 3.6% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ENERGY EFFICIENCY IN WISCONSIN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOCUS ON ENERGY BEST PRACTICES PROGRAM IS A PROGRAM FUNDED BY RATE-PAYING UTILITY CUSTOMERS IN WISCONSIN TO IDENTIFY CURRENT BEST PRACTICE METHODS AND EQUIPMENT FOR IMPROVING ENERGY EFFICIENCY IN WISCONSIN INDUSTRIAL FIRMS. CLEANTECH PARTNERS PROFESSIONAL STAFFPROVIDED PRESENTATIONS AND CONSULTATION TO WISCONSIN COMPANIES INTERESTED IN THE WELL-PROVEN BEST PRACTICE METHODS AND EQUIPMENT THAT WERE EXPECTED TO IMPROVE ENERGY EFFICIENCY. CLEANTECH PARTNERS ALSO WORKS WITH LARGER BUSINESS AND ORGANIZATION TO BUILD CAPACITIES IMPROVING ENERGY PERFORMANCE. TRAINING FOCUSES ON INTEGRATING ENERGY CONSIDERATIONS INTO ORGANIZATIONAL DECISION-MAKING THROUGH THE APPLICATION OF CONTINUOUS IMPROVEMENT PRINCIPLES AND PRACTICES AND THE DEVELOPMENT OF ENERGY INFORMATION SYSTEMS.
THE EMERGING TECHNOLOGY PROGRAM IS A PROGRAM FUNDED BY RATE-PAYING UTILITY CUSTOMERS IN WISCONSIN TO IDENTIFY NEW EMERGING TECHNOLOGIES WORLDWIDE THAT ARE NEW TO PRACTICE IN WISCONSIN INDUSTRIAL FIRMS. CLEANTECH PARTNERS PROFESSIONAL STAFF SEARCHED FOR NEW TECHNOLOGIES, RESEARCHED THE IDENTIFIED TECHNOLOGIES AS FEASIBLE FOR WISCONSININDUSTRIAL COMPANIES, REVIEWED RESEARCH REPORTS AND INDUSTRY STUDIES, PROVIDED PRESENTATIONS AND CONSULTATION TO WISCONSIN COMPANIES INTERESTED IN THE SUBJECT NEW TECHNOLOGIES NOT PRACTICED IN WISCONSIN AND DESIGNED TO IMPROVE ENERGY EFFICIENCY.
ECONOMIC INVESTMENT IN COMPANIES USING ENERGY-EFFICIENT TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Masood Akhtar President | OfficerTrustee | 40 | $249,450 |
Thomas Boldt Director | Trustee | 1 | $0 |
Michael Shoys Director | Trustee | 1 | $0 |
Tim Konicek Emerging Tech Manager | 40 | $137,945 | |
Richard Reese Subject Matter Expert (pap | 40 | $147,910 | |
Thomas Danz Energy Advisor | 40 | $110,729 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $1,822,510 |
| Investment income | $2,036 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,005 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,828,551 |
| 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. | $259,300 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,074,283 |
| Pension plan accruals and contributions | $29,936 |
| Other employee benefits | $10,760 |
| Payroll taxes | $97,472 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,413 |
| Fees for services: Accounting | $37,538 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $66 |
| Advertising and promotion | $0 |
| Office expenses | $35,533 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $31,910 |
| Travel | $50,624 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,178 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,843 |
| Insurance | $31,205 |
| All other expenses | $0 |
| Total functional expenses | $1,670,334 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,903,980 |
| Savings and temporary cash investments | $4,935,782 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $344,757 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,187,856 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $45,507 |
| Net Land, buildings, and equipment | $3,158 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,799 |
| Total assets | $8,439,839 |
| Accounts payable and accrued expenses | $71,887 |
| 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 | $1,500,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $18,799 |
| Total liabilities | $1,590,686 |
| Net assets without donor restrictions | $6,849,153 |
| 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 | $8,439,839 |