Nevada Clean Energy Fund
- Assets
- $288.1k
- Revenue
- $360.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Reno, NV
- Founding
- 03/2019
- Data as of
- 06/2022
- EIN
- 82-4784502
Organization Overview
Nevada Clean Energy Fund is located in Reno, NV. The organization was established in 2019. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. Nevada 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE NEVADA CLEAN ENERGY FUND (NCEF) IS A NON-PROFIT ORGANIZATION THAT SUPPORTS A THRIVING, AFFORDABLE, AND ACCESSIBLE CLEAN ENERGY ECONOMY BY PROVIDING FINANCIAL AND TECHNICAL RESOURCES TO NEVADANS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NCEF WAS ESTABLISHED TO: -PROVIDE FUNDING FOR, AND INCREASE SIGNIFICANTLY, THE PACE AND AMOUNT OF FINANCING AVAILABLE FOR QUALIFIED CLEAN ENERGY PROJECTS IN NEVADA -IMPROVE THE STANDARD OF LIVING BY PROMOTING MORE EFFICIENT AND LOWER COST CLEAN ENERGY PROJECTS THAT CREATE HIGH-PAYING, LONG-TERM JOBS -FOSTER THE DEVELOPMENT OF TRANSPARENT UNDERWRITING STANDARDS, STANDARD CONTRACTUAL TERMS, AND MEASUREMENT AND VERIFICATION PROTOCOLS FOR CLEAN ENERGY PROJECTS -PROMOTE THE CREATION OF PERFORMANCE DATA THAT ENABLES EFFECTIVE UNDERWRITING, RISK MANAGEMENT AND PRO FORMA MODELING OF FINANCIAL PERFORMANCE OF QUALIFIED CLEAN ENERGY PROJECTS TO STIMULATE THE DEVELOPMENT OF SECONDARY INVESTMENT MARKETS -ACHIEVE A LEVEL OF FINANCING SUPPORT FOR CLEAN ENERGY PROJECTS IN NEVADA TO HELP ABATE CLIMATE CHANGE AND REALIZE ENERGY EFFICIENCY POTENTIAL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharath Chandra Chairperson | OfficerTrustee | 1 | $0 |
Les Lazareck Vice Chairpe | OfficerTrustee | 1 | $0 |
Robert Johnston Treasurer | OfficerTrustee | 1 | $0 |
Kirsten Stasio Executive Di | Officer | 40 | $0 |
David Bobzien Director | Trustee | 1 | $0 |
Michael Brown Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $360,000 |
| 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 | $360,000 |
| 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 | $360,000 |
| 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. | $62,292 |
| Compensation of current officers, directors, key employees. | $18,688 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15 |
| Payroll taxes | $4,765 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,473 |
| 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 | $0 |
| All other expenses | $0 |
| Total functional expenses | $71,884 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $288,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $288,116 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $288,116 |
| 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 | $288,116 |
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