Breakthrough Energy Foundation
- Assets
- $151.5m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- Data as of
- 12/2022
- EIN
- 85-3672460
Organization Overview
Breakthrough Energy Foundation is located in Kirkland, WA. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Energy Foundation 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, Breakthrough Energy Foundation generated $5.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (72.8%) each year. All expenses for the organization totaled $124.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Breakthrough Energy Foundation has awarded 126 individual grants totaling $137,454,696. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
BREAKTHROUGH ENERGY IS ACCELERATING TRANSFORMATION BYSUPPORTING CUTTING-EDGE RESEARCH AND DEVELOPMENT, INVESTING IN COMPANIES THAT TURN GREEN IDEAS INTO CLEAN PRODUCTS, ANDADVOCATING FOR POLICIES THAT SPEED INNOVATION FROM LAB TO MARKET. THROUGH INVESTMENT VEHICLES, PHILANTHROPIC PROGRAMS, POLICY AND ADVOCACY EFFORTS, AND OTHER INITIATIVES, BREAKTHROUGH ENERGY WORKS WITH A GLOBAL NETWORK OF PARTNERS TO ACCELERATE THE TECHNOLOGIES WE NEED TO BUILD A CARBON-FREE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE WORLD'S ECONOMIC AND ENERGY POLICIES ARE BUILT AROUND TECHNOLOGIES THAT EMIT GREENHOUSE GASES. THAT MUST CHANGE. WE DEVELOP AND ADVOCATE FOR SMART POLICIES THAT PUBLIC AND PRIVATE SECTOR LEADERS CAN IMPLEMENT TO SUPPORT CLEAN ENERGY SOLUTIONS.
MANY OF THE SOLUTIONS WE NEED TO BUILD A CLEAN ENERGY FUTURE ARE EITHER IN THEIR INFANCY OR DO NOT YET EXIST. SO, THE FIRST STEP IN OUT-INNOVATING CLIMATE CHANGE IS TO SUPPORT SOLUTIONS WHERE THEY START: DISCOVERY. OUR GLOBAL BREAKTHROUGH ENERGY FELLOWS PROGRAM OFFERS EARLY-STAGE INNOVATORS SUPPORT TO BRIDGE THE GAP FROM LAB TO MARKET.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Managing Director - Thru 5/22 | OfficerTrustee | 1 | $0 |
Name Not Listed Managing Director | OfficerTrustee | 2 | $0 |
Name Not Listed Director | Trustee | 1 | $0 |
Name Not Listed Secretary & Treasurer | Officer | 6 | $0 |
Name Not Listed Evp | Officer | 4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rhodium Group Research & Analysis | 12/30/22 | $2,955,588 |
Ctgi Llc Clean Tech Education | 12/30/22 | $1,739,972 |
The Boston Consulting Group Consulting Services | 12/30/22 | $800,000 |
Agency Ea Event Management | 12/30/22 | $1,442,278 |
Kic Innoenergy Se Advocacy Services | 12/30/22 | $1,608,105 |
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 | $2,250,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,250,000 |
| Total Program Service Revenue | $0 |
| Investment income | $2,734,670 |
| 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 | $5,356,937 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $88,927,507 |
| Grants and other assistance to domestic individuals. | $2,500,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $19,096,200 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $77,965 |
| Fees for services: Accounting | $14,304 |
| Fees for services: Lobbying | $60,889 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $10,780,780 |
| Advertising and promotion | $590,061 |
| Office expenses | $280,726 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $389,029 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,528,361 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $124,246,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $476,666 |
| Savings and temporary cash investments | $141,445,286 |
| Pledges and grants receivable | $8,650,000 |
| 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 | $888,365 |
| 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 | $151,460,317 |
| Accounts payable and accrued expenses | $3,037,766 |
| Grants payable | $13,305,690 |
| 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 | $8,537 |
| Total liabilities | $16,351,993 |
| Net assets without donor restrictions | $127,708,720 |
| Net assets with donor restrictions | $7,399,604 |
| 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 | $151,460,317 |
Grants Awarded
Over the last fiscal year, Breakthrough Energy Foundation has awarded $88,927,508 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
AIKIDO POWER PURPOSE: BE FELLOWSHIP R&D GRANT | $945,790 |
ALUMINIO INC PURPOSE: BE FELLOWSHIP R&D GRANT | $1,270,000 |
ARCULUS SOLUTIONS INC PURPOSE: EXPLORER GRANT | $500,000 |
CELADYNE PURPOSE: BE FELLOWSHIP R&D GRANT | $227,688 |
CHEMENT PURPOSE: BE FELLOWSHIP R&D GRANT | $198,383 |
CTGI LLC PURPOSE: EVENT SPONSORSHIP | $6,000 |