Overview
What is California Clean Energy Fund?
The California Clean Energy Fund, operating under the NewEnergy Nexus branding as CalCEF Ventures, is a nonprofit organization based in Oakland, California. Its primary mission is to promote clean energy entrepreneurship through the California Sustainable Energy Entrepreneur Development (CALSEED) program. This program aims to award grants, up to $66 million, to a diverse pool of entrepreneurs in the sustainable energy sector, with a special emphasis on encouraging women and individuals of color to apply. The program, which was launched in 2016 and is expected to continue through at least 2027, provides not only financial support but also business coaching and introductions to clean energy investors and commercialization partners. By fostering innovation and promoting equity in the clean economy, the California Clean Energy Fund works towards driving sustainable energy entrepreneurship in California.
Official website here: www.newenergynexus.com
Is California Clean Energy Fund legitimate?
California Clean Energy Fund is a legitimate nonprofit organization registered as a 501(c)(4) entity. California Clean Energy Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $460,101
Professional Fundraising Fees: $0
Other Salaries and Wages: $995,541
For more financial information, click here
Official website here: www.newenergynexus.com
What is the mission statement of California Clean Energy Fund?
The California Clean Energy Fund supports entrepreneurs in driving innovation and building equity into the clean economy. Their primary activity involves managing programs and providing grants, with a focus on awarding up to $66 million to a diverse pool of sustainable energy entrepreneurs through the California Sustainable Energy Entrepreneur Development (CALSEED) program. Launched in 2016, this program is expected to continue until at least 2027. Notably, women and individuals of color are encouraged to apply for these grants. The California Clean Energy Fund, operating under New Energy Nexus branding, also offers business coaching, introductions to clean energy investors, and commercialization partners as part of this program.
Official website here: www.newenergynexus.com
Who is the CEO of California Clean Energy Fund?
Danny Kennedy is the Secretary/Treasurer of California Clean Energy Fund.
Official website here: www.newenergynexus.com
What is the revenue of California Clean Energy Fund?
California Clean Energy Fund's revenue in 2022 was $2,758,210.
Official website here: www.newenergynexus.com
Who are the executives of California Clean Energy Fund and what are their salaries?
The average compensation at California Clean Energy Fund during 2022 was $51,987. There are 28 employees and 4 volunteers at California Clean Energy Fund.
Here are 12 key members and their salaries:
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- Compensation: $213,208
- Related: $0
- Other: $35,942
- Compensation: $176,460
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- Other: $9,267
- Compensation: $197,950
- Related: $0
- Other: $15,226
- Compensation: $114,180
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- Other: $7,589
- Compensation: $129,470
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- Other: $9,306
- Compensation: $127,922
- Related: $0
- Other: $13,046
- Compensation: $103,392
- Related: $0
- Other: $5,507
- Compensation: $119,653
- Related: $0
- Other: $8,811
Official website here: www.newenergynexus.com
Where can I find the form 990 for California Clean Energy Fund?
California Clean Energy Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.newenergynexus.com
Learn more at the official website: www.newenergynexus.com
Mission Statement of California Clean Energy Fund
The California Clean Energy Fund, operating under the New Energy Nexus branding, is dedicated to fostering clean energy entrepreneurship. Their mission is to empower innovators, encouraging diversity in the clean economy. Through the California Sustainable Energy Entrepreneur Development (CALSEED) program, they aim to award up to $66 million in grants to a diverse pool of sustainable energy entrepreneurs. This program, launched in 2016 and expected to continue until at least 2027, is open to all qualifying individuals, but particularly encourages applications from women and people of color. The California Clean Energy Fund, in partnership with program partners, provides not just financial assistance, but also business coaching and introductions to clean energy investors and commercialization partners. The goal is to support these entrepreneurs in driving innovation and building equity within the clean energy sector.
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Impact
October, 2024
The California Clean Energy Fund significantly impacts the clean energy landscape by fostering entrepreneurship and innovation in the sector. Through its California Sustainable Energy Entrepreneur Development (CalSEED) program, it aims to award up to $66 million in grants to a diverse pool of sustainable energy entrepreneurs from its inception in 2016 through at least 2027.
By encouraging applications, particularly from women and people of color, it actively works to promote equity within the clean economy. The program not only provides essential grant funding through the California Energy Commission, but it also offers valuable resources such as business coaching and access to a network of clean energy investors and commercialization partners. This comprehensive support helps drive advancements in clean energy technology while ensuring that a broad range of voices and ideas contribute to a more sustainable future in California and beyond.
This information is meant to be a general summary of California Clean Energy Fund. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $36
- Program Service Revenue: $651,813
- Gross Receipts: $2,758,210
Assets and Liabilities:
- Total Assets: $4,958,364
- Total Liabilities: $2,386,072
- Net Assets: $2,572,292
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM ADMIN & ADVISO
Revenue
$651,813
Organization Details
Founding Year
2004
Phone
(415) 957-0167Principal Officer
Danny Kennedy
Main Address
436 14TH STREET 1220, OAKLAND, CA, 94612
Website
www.newenergynexus.comNTEE Category
Code: W99 - Public benefit
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