Breakthrough Energy Foundation
- Assets
- $272.3m
- Revenue
- $53.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Kirkland, WA
- Founding
- Data as of
- 12/2021
- 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 12/2021, Breakthrough Energy Foundation generated $53.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (55.3%) each year. All expenses for the organization totaled $63.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Breakthrough Energy Foundation has awarded 32 individual grants totaling $48,527,188. 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
TO PREVENT THE WORST EFFECTS OF CLIMATE CHANGE BY SUPPORTING INNOVATION THAT WILL REDUCE GREENHOUSE GASES TO ZERO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BREAKTHROUGH ENERGY COMMUNICATES AND EDUCATES ON THE DANGERS OF CLIMATE CHANGE, THE NEED TO MITIGATE IT, AND WAYS AVAILABLE TO MITIGATE IT BY ENGAGING IN ACTIVE DISCUSSIONS, PARTICIPATING IN AND LEADING PUBLIC AND INDUSTRY-SPECIFIC EVENTS, AND BUILDING AWARENESS ACROSS GOVERNMENTS, COMMERCIAL SECTORS, AND THE GENERAL PUBLIC.
THE BREAKTHROUGH ENERGY FELLOWS PROGRAM WILL ANNUALLY SELECT A COHORT OF PARTICIPANTS, PROVIDE FUNDING AND EDUCATION FOR THEM TO PURSUE EARLY-STAGE SCIENTIFIC RESEARCH THAT CAN MITIGATE CLIMATE CHANGES AND, IF THE RESEARCH SHOWS PROMISE, TEACH THEM HOW TO DEVELOP A BUSINESS FRAMEWORK AROUND THE RESEARCH.
BREAKTHROUGH ENERGY SCIENCES CONDUCTS RESEARCH, AND SUPPORTS OTHERS' RESEARCH, FOCUSED ON TRENDS AND OPTIONS FOR CLEAN ENERGY TECHNOLOGY IMPLEMENTATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonah Goldman Managing Director | OfficerTrustee | 1 | $0 |
Cindy Leeper Secretary & Treasurer | Officer | 1 | $0 |
Michael Boots Evp | Officer | 1 | $0 |
Greg Nelson Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agency Ea Event Management | 12/30/21 | $499,747 |
Ctgi Llc Clean Tech Education | 12/30/21 | $201,938 |
Rhodium Group Research & Analysis | 12/30/21 | $925,000 |
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 | $52,652,903 |
| Noncash contributions included in lines 1a–1f | $40,420,820 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,652,903 |
| Total Program Service Revenue | $0 |
| Investment income | $244 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $289,182 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $53,009,802 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,283,514 |
| Grants and other assistance to domestic individuals. | $962,260 |
| Grants and other assistance to Foreign Orgs/Individuals | $8,606,834 |
| 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 | $57,017 |
| Fees for services: Accounting | $32,448 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $709 |
| Fees for services: Other | $957,995 |
| Advertising and promotion | $792,997 |
| Office expenses | $17 |
| Information technology | $46,630 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $499,747 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $63,309,136 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,666,070 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,500,000 |
| Accounts receivable, net | $97,023 |
| 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 | $272,263,093 |
| Accounts payable and accrued expenses | $422,423 |
| Grants payable | $17,716,342 |
| 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 | $18,138,765 |
| Net assets without donor restrictions | $215,474,328 |
| Net assets with donor restrictions | $38,650,000 |
| 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 | $272,263,093 |
Grants Awarded
Over the last fiscal year, Breakthrough Energy Foundation has awarded $48,527,188 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: Methane Hub Project | $15,000,000 |
San Francisco, CA PURPOSE: Industrial Decarbonization | $10,000,000 |
Washington, DC PURPOSE: Industrial Innovation/Clean Procurement | $2,660,275 |
Minneapolis, MN PURPOSE: Clean Energy Initiative | $1,841,539 |
METPEEL (INNOVATOR FELLOW CO) TEXAS A&M PURPOSE: BE Fellowship R&D Grant | $1,609,681 |
Arlington, VA PURPOSE: General Operating Support | $1,500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Breakthrough Energy Foundation has recieved totaling $10,000,000.
| Awarding Organization | Amount |
|---|---|
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Community Development | $10,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Homer Electric Association Inc Homer, AK | $266,114,703 | $113,967,382 |
Inland Power & Light Co Spokane, WA | $298,221,337 | $90,911,502 |
Breakthrough Energy Foundation Kirkland, WA | $272,263,093 | $53,009,802 |
Central Electric Cooperative Inc Redmond, OR | $242,542,165 | $105,052,324 |
Oregon Trail Electric Consumers Cooperative Inc Baker City, OR | $131,875,952 | $59,383,158 |
Peninsula Light Company Inc Gig Harbor, WA | $206,412,044 | $64,241,054 |
Alaska Village Electric Cooperative Inc Anchorage, AK | $149,755,137 | $62,136,237 |
Kootenai Electric Cooperative Inc Hayden, ID | $200,587,122 | $58,518,255 |
Benton Rural Electric Association Prosser, WA | $100,163,870 | $44,244,946 |
Consumers Power Inc Philomath, OR | $143,908,796 | $44,110,626 |
Big Bend Electric Cooperative Inc Ritzville, WA | $77,547,194 | $40,611,913 |
Coos-Curry Electric Cooperative Inc Port Orford, OR | $114,567,418 | $40,713,862 |