Overview
What is Clearpath Inc?
Clearpath Inc is a Washington, D.C.-based nonprofit organization dedicated to accelerating innovations aimed at reducing and eliminating global energy emissions. With a mission to develop and advance forward-thinking policies, Clearpath focuses on clean energy and industrial innovation. They collaborate with public and private sector stakeholders to deploy critical technologies in various sectors, including nuclear energy, carbon capture, hydropower, natural gas, geothermal, energy storage, and heavy industry. Clearpath's team of 32 individuals is entrepreneurial and strategic, working towards the common goal of enabling private-sector adoption of these essential technologies.
Official website here: www.clearpath.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Stars)
Clearpath Inc has received an 87% score on Charity Navigator, which reflects a strong emphasis on accountability and financial transparency. This rating is based entirely on one beacon score that signifies the organization’s commitment to ethical governance and effective financial management. With a majority of independent board members and robust auditing practices, Clearpath demonstrates a solid foundation in organizational integrity.
The nonprofit excels in several areas, including program expense efficiency, where it allocates 82.16% of its expenses to programs. Furthermore, its fundraising efficiency indicates a minimal cost of $0.022 per dollar raised, showcasing effective resource management. The organization has also established comprehensive policies, such as conflict of interest and whistleblower policies, ensuring transparency and protection for stakeholders.
However, while Clearpath Inc performs well overall, its liabilities to assets ratio stands at 38.68%, suggesting room for improvement in managing its financial leverage. This aspect may warrant attention for potential future growth and sustainability. Overall, Clearpath Inc's strengths in accountability and program efficiency position it as a responsible choice for donors seeking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Clearpath Inc legitimate?
Clearpath Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clearpath Inc 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: $2,016,933
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,721,203
For more financial information, click here
Official website here: www.clearpath.org
What is the mission statement of Clearpath Inc?
Clearpath Inc is dedicated to promoting policies that accelerate innovations to reduce and eliminate global energy emissions. To achieve this mission, Clearpath develops cutting-edge policy solutions in the areas of clean energy and industrial innovation. Acting as a strategic nonprofit, Clearpath collaborates with both public and private sector stakeholders to advance developments in nuclear energy, carbon capture, hydropower, natural gas, geothermal, energy storage, and heavy industry. By enabling private-sector deployment of critical technologies, Clearpath aims to make significant strides in reducing energy emissions on a global scale.
Official website here: www.clearpath.org
Who is the CEO of Clearpath Inc?
Richard J Powell is the Director, Exec. Dir. Treas of Clearpath Inc.
Official website here: www.clearpath.org
What is the revenue of Clearpath Inc?
Clearpath Inc's revenue in 2022 was $12,615,651.
Official website here: www.clearpath.org
Who are the executives of Clearpath Inc and what are their salaries?
The average compensation at Clearpath Inc during 2022 was $179,317. There are 32 employees and 3 volunteers at Clearpath Inc.
Here are 12 key members and their salaries:
- Compensation: $655,223
- Related: $0
- Other: $56,958
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $467,562
- Related: $0
- Other: $21,955
- Compensation: $418,139
- Related: $0
- Other: $40,602
- Compensation: $317,320
- Related: $0
- Other: $39,174
- Compensation: $423,494
- Related: $0
- Other: $34,875
- Compensation: $438,538
- Related: $0
- Other: $32,931
- Compensation: $273,897
- Related: $0
- Other: $11,643
- Compensation: $260,969
- Related: $0
- Other: $28,094
- Compensation: $233,813
- Related: $0
- Other: $23,780
Official website here: www.clearpath.org
Where can I find the form 990 for Clearpath Inc?
Clearpath Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clearpath.org
Learn more at the official website: www.clearpath.org
Mission Statement of Clearpath Inc
Clearpath Inc is a mission-driven organization dedicated to accelerating innovations that reduce and eliminate global energy emissions. With a strategic and entrepreneurial approach, Clearpath develops policy solutions to advance clean energy and industrial innovation. By collaborating with public and private sector stakeholders, Clearpath enables the deployment of critical technologies in various sectors, including nuclear energy, carbon capture, hydropower, natural gas, geothermal, energy storage, and heavy industry. Clearpath's commitment to clean energy and industrial innovation extends to collaborations on cutting-edge policy solutions in the fields of nuclear energy, carbon capture, and more. Their efforts aim to support the private sector in implementing these critical technologies and contributing to the reduction of global energy emissions. Clearpath Inc's mission is to be a catalyst for change, driving forward innovations in clean energy and industrial sectors that will make a significant impact on the environment.
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Impact
October, 2024
Clearpath Inc plays a pivotal role in shaping policies that drive innovations aimed at reducing and eliminating global energy emissions. By focusing on the development of cutting-edge policy solutions in clean energy and industrial innovation, Clearpath collaborates with both public and private sector stakeholders.
Their efforts span various critical technologies, including nuclear energy, carbon capture, hydropower, natural gas, geothermal, energy storage, and advancements in heavy industry. This collaborative approach enables the effective deployment of these technologies in the private sector, facilitating a significant transition towards cleaner energy sources and more sustainable industrial practices.
The impact of Clearpath Inc is characterized by its strategic initiatives that not only support innovation but also create a pathway for the adoption of environmentally beneficial technologies, ultimately contributing to a lower carbon footprint and a more sustainable future.
This information is meant to be a general summary of Clearpath Inc. 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: $3,451
- Gross Receipts: $12,615,651
Assets and Liabilities:
- Total Assets: $9,677,194
- Total Liabilities: $3,743,428
- Net Assets: $5,933,766
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Organization Details
Founding Year
2018
Phone
(202) 670-1021Principal Officer
Richard J Powell
Main Address
518 C ST NE 300, WASHINGTON, DC, 20002
Website
www.clearpath.orgNTEE Category
Code: C05 - Environment
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