Colorado Clean Energy Fund
Also known as Collective Clean Energy Fund
Colorado Clean Energy Fund reported $34.8 million in revenue and $4.1 million in expenses for calendar year 2025. Of every $100 it spent, $81.71 went to program services, $18.29 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 91.6% of the total. Government grants made up 91.6%. The highest compensation it reported for one person was $308,070 (CHIEF EXECUTIVE OFFICER). 5 people received more than $100,000 in reportable compensation. Revenue rose 34% between 2021 and 2025. Source: Form 990, 2025.
Where $100 of spending went
Calendar year 2025 · Form 990, Part IX, line 25 · total expenses $4.1MFor 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 2025 · Form 990, Part VIII · total revenue $35MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.7% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 18.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 91.6% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 91.6% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 6.8% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $308,070 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 7.60% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 5 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 187.3 | 18.8 |
| Independent voting board members Part VI 1a–1b | 6 of 6 | 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
2025 · Form 990, Part III · the three largest programs by expenseCcef commercial loans are designed to address finance gaps for Clean Energy and Energy efficiency improvements that result in reduced costs and emissions and increased electrification and domestic energy generation. In 2025, ccef financed 16 commercial projects, deploying $40 million in direct lending and mobilizing $110 million in total investments. These projects created 1.0 mw of domestic energy production. Not included in the revenue total above is $31,878,876 in government grants
Ccef's residential programs are designed to help colorado homeowners invest in energy efficiency upgrades that reduce utility costs, increase electrification, and increase clean, domestic energy production. During 2025, ccef closed 552 loans, serving 49 counties in colorado mobilizing more than $15 million in investments. Through the electrify and save program, ccef funded 83 on-bill repayment loans, deploying more than $1 million in direct lending. These projects created 2.5 mw in domestic energy production. Not included in the revenue total above is $37,837 in government grants
Highest reported compensation
2025 · 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 |
|---|---|---|---|---|
| CHIEF EXECUTIVE OFFICER Officer, 40.00 hrs/week | $272,669 | $0 | $35,401 | $308,070 |
| CHIEF OPERATING OFFICER Key employee, 40.00 hrs/week | $200,233 | $0 | $32,876 | $233,109 |
| CHIEF PROGRAMS OFFICER Highest compensated employee, 40.00 hrs/week | $148,821 | $0 | $24,633 | $173,454 |
| VICE PRESIDENT OF BUSINESS DEVELOPMENT Highest compensated employee, 40.00 hrs/week | $139,500 | $0 | $23,500 | $163,000 |
| DIRECTOR OF CREDIT Highest compensated employee, 40.00 hrs/week | $106,790 | $0 | $9,752 | $116,542 |
5 people received more than $100,000 in reportable compensation from Colorado Clean Energy Fund (Part VII, line 2). Compensation of current officers, directors and key employees totaled $715K (Part IX, line 5).
5 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2025 · 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–1b6 · 6 independent
- Audited financial statements Part XII 2bYes
- 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 11aYes
- 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 14bNo
- Employees Part I, line 518
- Volunteers Part I, line 66
Largest outside contractors
2025 · Form 990, Part VII, Section B · businesses only| ROCKWELL FINANCIAL GROUP LLC Loan servicing and underwriting | $293,000 |
| ELEVATE SERVICE GROUP It services | $154,442 |
| CLIFTON LARSONALLEN LLP Accounting services | $100,460 |
Individuals listed as contractors are left out. 3 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Colorado Clean Energy Fund's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Colorado Clean Energy Fund, you can publish a response that is linked from this page.
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Of every $100 Colorado Clean Energy Fund spent in 2025, $81.71 went to programs. The full breakdown, from its IRS Form 990:
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Questions people ask
How much of Colorado Clean Energy Fund's spending goes to programs?
In calendar year 2025, Colorado Clean Energy Fund reported that 81.7% of its $4.1 million in expenses went to program services, 18.3% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Colorado Clean Energy Fund pay its top executive?
The largest total compensation Colorado Clean Energy Fund reported for one person in calendar year 2025 was $308,070, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Colorado Clean Energy Fund get its money?
Of $34.8 million in revenue in calendar year 2025, 91.6% came from contributions and grants (including 91.6% from government grants) and 6.8% from program service revenue (Form 990, Part VIII).
Is Colorado Clean Energy Fund a registered charity?
The IRS lists EIN 32-0586861 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 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2025: Form 990 for calendar year 2025, object 202621749349301207 · read the filing · XML
- 2024: Form 990 for calendar year 2024, object 202502819349301555 · read the filing
- 2023: Form 990 for calendar year 2023, object 202412909349301416 · read the filing
- 2022: Form 990 for calendar year 2022, object 202332509349300133 · read the filing
- 2021: Form 990 for calendar year 2021, object 202221189349300722 · read the filing
All filings for EIN 32-0586861: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.