CalCef Innovations
Also known as New Energy Nexus
CalCef Innovations reported $13.3 million in revenue and $12.2 million in expenses for calendar year 2024. Of every $100 it spent, $76.61 went to program services, $17.29 to management and general costs and $6.10 to fundraising. Its largest source of revenue was contributions and grants: 92.2% of the total. Government grants made up 19.4%. The highest compensation it reported for one person was $224,303 (Managing Director of CA). 9 people received more than $100,000 in reportable compensation. Revenue rose 401% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $12MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $13MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.6% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 17.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 6.1% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 92.2% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 19.4% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 5.9% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $224,303 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.85% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 9 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.8 | 18.8 |
| Independent voting board members Part VI 1a–1b | 4 of 4 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseCalcef Innovations continued, under the brand name new energy nexus, a diverse global network of clean energy incubators and accelerators, which included deep engagement with clean energy entrepreneurs in various stages of technical and market readiness in indonesia, vietnam, philippines, thailand and china as well as new york state and related to special initiatives, such as climate cop28 in dubai
Calcef Innovations conducted many educational events to bring together stakeholders of the clean energy system to accelerate the clean energy transition. This included significant youth -focused as well as workforce focused initivates in imperial county, ecosystem building to reduce financial barriers to ev adoption in the global south, as well as participation in national initiatives centered around lithium supply chains for storage technologies
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| Managing Director of CA Key employee, 7.0 hrs/week | $0 | $217,770 | $6,533 | $224,303 |
| CFO Officer, 23.0 hrs/week | $0 | $207,783 | $13,592 | $221,375 |
| Controller Key employee, 24.0 hrs/week | $0 | $176,109 | $15,694 | $191,803 |
| Global Communications Director Highest compensated employee, 31.0 hrs/week | $0 | $150,000 | $10,747 | $160,747 |
| Executive Director END: 7/2024 Officer, 23.0 hrs/week | $0 | $129,471 | $28,332 | $157,803 |
| Director of Financial Innovation Highest compensated employee, 33.0 hrs/week | $0 | $124,000 | $12,458 | $136,458 |
| Head of Partnerships, Events & Brand Highest compensated employee, 5.0 hrs/week | $0 | $115,919 | $7,518 | $123,437 |
| CEO START: 8/2024 Officer, 31.0 hrs/week | $0 | $112,485 | $7,529 | $120,014 |
9 people received more than $100,000 in reportable compensation from CalCef Innovations (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b4 · 4 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 64
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| Deel Inc Consulting Services | $795,013 |
| New Energy Nexus Shanghai Ltd Consulting Services | $752,862 |
| PR Clean Energy Singapore Pte Ltd Consulting Services | $330,228 |
| BPM LLP Consulting Services | $247,879 |
| PT New Energy Nexus Indonesia Consulting Services | $235,487 |
Individuals listed as contractors are left out. 11 contractors were paid more than $100,000 in all.
Private foundation grants it received
3 private foundations reported grants to CalCef Innovations totaling $2.5M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from CalCef Innovations's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for CalCef Innovations, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 CalCef Innovations spent in 2024, $76.61 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of CalCef Innovations's spending goes to programs?
In calendar year 2024, CalCef Innovations reported that 76.6% of its $12.2 million in expenses went to program services, 17.3% to management and general and 6.1% to fundraising (Form 990, Part IX).
How much does CalCef Innovations pay its top executive?
The largest total compensation CalCef Innovations reported for one person in calendar year 2024 was $224,303, for the role of Managing Director of CA (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does CalCef Innovations get its money?
Of $13.3 million in revenue in calendar year 2024, 92.2% came from contributions and grants (including 19.4% from government grants) and 5.9% from program service revenue (Form 990, Part VIII).
Is CalCef Innovations a registered charity?
The IRS lists EIN 26-1339988 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202543219349326099 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413209349329061 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343199349328634 · read the filing
- 2021: Form 990 for calendar year 2021, object 202213199349331651 · read the filing
- 2020: Form 990 for calendar year 2020 (amended), object 202242349349300129 · read the filing
- 2019: Form 990 for calendar year 2019, object 202033219349309493 · read the filing
All filings for EIN 26-1339988: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.