Clearpath Inc
- Assets
- $4.9m
- Revenue
- $9.2m
- Investments
- $0.0
- Employees
- 26
- Location
- Washington, DC
- Founding
- 08/2018
- Data as of
- 12/2021
- EIN
- 82-5026325
Organization Overview
Clearpath Inc is located in Washington, DC. The organization was established in 2018. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2021, Clearpath Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clearpath 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 12/2021, Clearpath Inc generated $9.2m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 70.1% each year . All expenses for the organization totaled $7.6m during the year ending 12/2021. While expenses have increased by 64.2% per year over the past 4 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.
Since 2020, Clearpath Inc has awarded 14 individual grants totaling $771,625. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEARPATH'S MISSION IS TO DEVELOP AND ADVANCE POLICIES THAT ACCELERATE BREAKTHROUGH INNOVATIONS THAT REDUCE EMISSIONS IN THE ENERGY AND INDUSTRIAL SECTORS. TO ADVANCE THAT MISSION, WE DEVELOP CUTTING-EDGE POLICY SOLUTIONS ON CLEAN ENERGY AND INDUSTRIAL INNOVATION. AN ENTREPRENEURIAL, STRATEGIC NONPROFIT, CLEARPATH COLLABORATES WITH PUBLIC AND PRIVATE SECTOR STAKEHOLDERS ON INNOVATIONS IN NUCLEAR ENERGY, CARBON CAPTURE, HYDROPOWER, NATURAL GAS, GEOTHERMAL, ENERGY STORAGE, AND HEAVY INDUSTRY TO ENABLE PRIVATE-SECTOR DEPLOYMENT OF CRITICAL TECHNOLOGIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard J Powell Director, Exec. Dir. Treasurer | OfficerTrustee | 50 | $628,288 |
Zakir A Baig Managing Director-Gov't Affairs | Officer | 50 | $596,451 |
Jeffrey A Morehouse Senior Government Affairs Director | 50 | $371,245 | |
Christopher A Tomassi Senior Government Affairs Director | 50 | $349,429 | |
Jeremy B Harrell Managing Director-Policy | Officer | 50 | $325,581 |
Lucas J Bolar Managing Director-External Affairs | Officer | 50 | $296,725 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
James Connaughton Advisory Services | 12/30/21 | $180,000 |
Pillsbury Winthrop Shaw Pittman Legal Services | 12/30/21 | $180,000 |
Msw Communications Communications | 12/30/21 | $165,000 |
Cgcn Group Public Relations | 12/30/21 | $144,000 |
Rhodium Group Llc Research & Polling | 12/30/21 | $128,997 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,600,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,616,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,216,500 |
| Total Program Service Revenue | $0 |
| Investment income | $1,389 |
| 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 | $9,219,831 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $332,375 |
| 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. | $2,129,983 |
| Compensation of current officers, directors, key employees. | $352,075 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,028,019 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,887 |
| Payroll taxes | $230,503 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $33,405 |
| Fees for services: Accounting | $80,384 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,042,253 |
| Advertising and promotion | $10,500 |
| Office expenses | $104,392 |
| Information technology | $139,448 |
| Royalties | $0 |
| Occupancy | $240,756 |
| Travel | $202,307 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $492,127 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $84,363 |
| Insurance | $2,866 |
| All other expenses | $56,471 |
| Total functional expenses | $7,646,673 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,294,779 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,651,098 |
| 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 | $118,700 |
| Net Land, buildings, and equipment | $735,171 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $86,317 |
| Total assets | $4,886,065 |
| Accounts payable and accrued expenses | $480,136 |
| 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 | $555,731 |
| Total liabilities | $1,035,867 |
| Net assets without donor restrictions | $3,520,862 |
| Net assets with donor restrictions | $329,336 |
| 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 | $4,886,065 |
Grants Awarded
Over the last fiscal year, Clearpath Inc has awarded $332,125 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: ANNUAL SUPPORT | $150,000 |
Princeton, NJ PURPOSE: SUPPORT OF SCHOLARLY ACTIVITY IN THE GENERAL AREA OF ENERGY SYSTEMS ANALYSIS | $100,000 |
Pittsburgh, PA PURPOSE: RESEARCH SUPPORT | $50,000 |
Washington, DC PURPOSE: PROGRAMMATIC SUPPORT | $22,500 |
Atlanta, GA PURPOSE: DONATION FOR CHARITY EVENT | $9,625 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Clearpath Inc has recieved totaling $6,180,000.
| Awarding Organization | Amount |
|---|---|
2040 Foundation Inc Charlotte, NC PURPOSE: Support for Clean Energy Innovation Initiatives | $3,600,000 |
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $2,550,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Resources For The Future Inc Washington, DC | $87,643,116 | $15,471,020 |
International Council On Clean Transportation Washington, DC | $10,919,229 | $15,647,679 |
Health Care Without Harm Reston, VA | $18,732,960 | $11,311,723 |
Clearpath Inc Washington, DC | $4,886,065 | $9,219,831 |
Center For Climate Integrity Washington, DC | $3,631,672 | $5,563,480 |
Clean Water Fund Washington, DC | $6,131,440 | $6,555,415 |
Smart Growth America Washington, DC | $4,425,807 | $5,937,730 |
Center For Climate And Energy Solutions Arlington, VA | $5,506,660 | $2,967,227 |
National Petroleum Council Washington, DC | $13,184,202 | $4,502,849 |
Center For Carbon Removal Washington, DC | $19,575,361 | $19,012,928 |
Electrification Coalition Foundation Washington, DC | $3,376,408 | $4,977,266 |
Foundations Of Success Inc Bethesda, MD | $3,526,490 | $2,845,123 |