Breakthrough Energy Catalyst Foundation

Organization Overview

Breakthrough Energy Catalyst Foundation is located in Kirkland, WA. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Breakthrough Energy Catalyst 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 Catalyst Foundation generated $34.5m 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 (27.2%) each year. All expenses for the organization totaled $2.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO SUPPORT THE CRITICAL DEVELOPMENT AND DEMONSTRATION PHASES OF NEW EMISSIONS-REDUCTION TECHNOLOGIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

OVER THE PAST CENTURY, THE WORLD HAS SEEN AN EXTRAORDINARY INCREASE IN THE GLOBAL CONSUMPTION OF FOSSIL FUELS AND THE CONSEQUENT EMISSION OF GREENHOUSE GASES; THE EFFECTS OF THIS CHANGE ARE BOTH FAMILIAR AND DEVASTATING. TO REDUCE GREENHOUSE GAS EMISSIONS, MANUFACTURERS AND PRODUCERS IN INDUSTRIES WORLDWIDE NEED TO ADOPT CLEAN, ECONOMICALLY EFFICIENT ALTERNATIVES TO FOSSIL FUELS. THE FOUNDATION SUPPORTS HIGH-POTENTIAL DEMONSTRATION PROJECTS AND EARLY ADOPTION OF TRANSFORMATIONAL EMISSIONS REDUCTION TECHNOLOGIES BY PROVIDING FUNDING FOR THESE PROJECTS AT CRITICAL PHASES IN THEIR DEVELOPMENT. TO DATE, THE FOUNDATION FOCUSES ON FUNDING THE DEVELOPMENT AND DEMONSTRATION OF THREE SPECIFIC AREAS: -SUSTAINABLE AVIATION FUEL - COMMERCIALLY VIABLE METHODS OF PRODUCING AVIATION FUEL FROM SOURCES OTHER THAN GREENHOUSE GAS-EMITTING KEROSENE -GREEN HYDROGEN - COMMERCIALLY VIABLE METHODS OF PRODUCING HYDROGEN FROM SOURCES OTHER THAN CARBON-EMITTING HYDROCARBONS -DIRECT AIR CAPTURE - THE PROCESS OF EXTRACTING CARBON DIOXIDE FROM THE AMBIENT AIR AND EITHER SEQUESTERING IT OR USING IT


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Board, Officers & Key Employees

Name (title)Compensation
Jonah Goldman
Managing Director
$0
Cindy Leeper
Secretary & Treasurer
$0
Michael Boots
Evp
$0
Greg Nelson
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Rhodium Group
Research Provider
$400,000
Agency Ea
Marketing
$512,643
Ropes Gray
Legal Services
$884,072
View All Vendors

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$35,040,324
Noncash contributions included in lines 1a–1f $35,040,324
Total Revenue from Contributions, Gifts, Grants & Similar$35,040,324
Total Program Service Revenue$0
Investment income $307
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$546,835
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $34,510,785

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