2019-11-15T09:10:14-06:00 2018-12-31 561434747 GREERWALKER LLP 227 WEST TRADE ST SUITE 1100 CHARLOTTE NC 28202 990 2018-01-01 463891359 2040 FOUNDATION INC 2040 7049450487 1355 GREENWOOD CLIFF DRIVE STE 301 CHARLOTTE NC 28204 RICH POWELL PRESIDENT 7049450487 2019-11-14 1 KAUMIL K SHAH P01516590 7043770239 2019-11-14 66.77.128.118 2019-11-14 15:10:50 ES P DF1AD68D11DE30087D6084337FB440312D27D8BB 5C464021A8CDFD90C8957DD08712F175D17E995B 2018 2020-03-31 21:24:44Z JAY W FAISON 1355 GREENWOOD CLIFF DRIVE STE 301 CHARLOTTE NC 28204 75155093 0 X MISSION2040.ORG X 2013 NC TO SUPPORT SOCIAL ENTREPRENEURS WHO ARE FULLY DEDICATED TO ACCELERATING AMERICA'S LEADERSHIP IN PERHAPS THE MOST IMPORTANT CAUSE OF OUR TIME. 5 4 19 0 153619 134861 0 0 0 0 783835 5173890 0 196965 783835 5370855 4827023 7920000 0 0 2743513 2592536 0 0 0 4661327 3218871 12231863 13731407 -11448028 -8360552 164364006 143472057 71890 176782 164292116 143295275 ACCELERATE AMERICA'S CLEAN ENERGY FUTURE WITH CONSERVATIVE SOLUTIONS. 0 0 12401498 7920000 THROUGH FINANCIAL ASSISTANCE AND EDUCATIONAL PROGRAMS, 2040 FOUNDATION, INC. PROVIDED EXTENSIVE RESEARCH AND ANALYSIS TO THE GENERAL PUBLIC, FEDERAL AND STATE GOVERNMENT POLICY MAKERS ON THE BENEFITS OF CLEAN ENERGY SOLUTIONS, ENHANCED THE ABILITY OF FAITH-BASED PUBLIC CHARITIES TO SCALE UP THEIR SOCIAL IMPACT, AND SUPPORT CLEAN ENERGY PROGRAMS BY OTHER PUBLIC CHARITIES. N/A N/A 12401498 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 29 0 1 19 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 0 1 1 1 1 1 X JAY W FAISON 7049450487 1355 GREENWOOD CLIFF DRIVE SUITE CHARLOTTE NC 28204 JAY W FAISON PRESIDENT 5.00 X X 0 0 0 SAM THERMSTROM BOARD MEMBER 2.00 X 0 0 0 RICHARD POWELL EXECUTIVE DIRECTOR 40.00 X X 489896 0 15193 THOMAS ALLISON HUNTER IV BOARD MEMBER 2.00 X 0 0 0 WILLIAM CLEMENTS DIRECTOR 2.00 X 0 0 0 ZAKIR A BAIG MANAGING DIRECTOR - GOVERN 40.00 X 314206 0 1032 MARK T BRUINOOGE MANAGING DIRECTOR - FINANC 40.00 X 304798 0 14819 JEREMY B HARRELL MANAGING DIRECTOR - POLICY 40.00 X 176611 0 5675 DARREN GOODE COMMUNICATIONS DIRECTOR 40.00 X 141613 0 692 JEFFREY A MOREHOUSE GOVERNMENT AFFAIRS DIRECTO 40.00 X 217577 0 12349 MATTHEW JOHNSTON INVESTMENT ANALYST 40.00 X 224209 0 13820 1868910 0 63580 7 0 1 0 ANTHRO 68 JAY STREET BROOKLYN NY 11201 MARKETING 409883 WATERMARK SERVICES LLC 1355 GREENWOOD CLIFF SUITE 300 CHARLOTTE NC 28204 ACCOUNTING AND SUBLEASE 337319 SOUTHERN COMPANY SERVICES LLC 41 RALPH MCGILL BLVD NE BIN 10117 ATLANTA GA 30308 RESEARCH & DEVELOPMENT 260000 MAIN PILLSBURY WINTHROP SHAW PITTMAN LL 333 COMMERCE STREET SUITE 1300 NASHVILLE TN 37201 LEGAL 141825 CLARK HILL PLC 1001 PENNSYLVANIA AVENUE NW WASHINGTON DC 20004 LEGAL 123138 5 736064 153619 582445 39983658 34238406 37199294 32584944 2784364 1653462 4437826 4437826 ACCRUAL TO CASH ADJUSTMENT 900099 193478 193478 MISCELLANEOUS 900099 3487 3487 196965 5370855 0 153619 5217236 X 7920000 7920000 1285509 943692 341817 1230824 1172145 58679 27486 22813 4673 48717 40435 8282 144247 144247 297286 297286 177077 177077 1482708 1470358 12350 125514 125514 121187 100781 20406 82135 68172 13963 69574 57746 11828 450334 373777 76557 148165 148165 16458 13660 2798 UBTI STATE INCOME TAXES 2773 2773 SUBSCRIPTION EXPENSE 35479 35479 TRAINING AND EDUCATION 35145 29170 5975 PROPERTY TAXES 15748 13071 2677 15041 14685 356 13731407 12401498 1329909 0 30002467 19235603 253469 83496 1760170 23495 48495 3286062 532470 2901758 2753592 30413130 30518680 100769687 88294363 0 774658 0 3000 164364006 143472057 68189 116694 3701 60088 71890 176782 X 0 0 0 0 164292116 143295275 164292116 143295275 164364006 143472057 X -8360552 -12537913 -98376 X 0 1 X 0 0 X X X 5 CLEARPATH INC 825026325 7 1 1100000 0 NATIONAL CHRISTIAN CHARITABLES FOUNDATION INC 581493949 7 1 220000 0 THE GREENLIGHT FUND 200407083 7 1 150000 0 THE MENTORING ALLIANCE 752541408 7 1 100000 0 SCHWAB CHARITABLE 311640316 7 1 6350000 0 5 7920000 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 PART IV, LINE 1 THE AMENDED ARTICLES DESIGNATES SUPPORTED ORGANIZATIONS BY NAME AND BY TYPE. MORE SPECIFICALLY, THE ORGANIZATION SHALL MAKE CHARITABLE CONTRIBUTIONS TO SPECIFIC ORGANIZATIONS LISTED IN THE ARTICLES OR TO SUCH OTHER ORGANIZATIONS THAT ARE EXEMPT FROM UNITED STATES FEDERAL INCOME TAXES UNDER SECTION 501(A) AND 501(C) OF THE INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF SUBSEQUENT INTERNAL REVENUE LAW. PART IV, LINE 5A THE ARTICLES OF INCORPORATION AND BYLAWS WERE AMENDED TO REMOVE THE ENERGY INNOVATION REFORM PROJECT (46-1491204) AS A SUPPORTED ORGANIZATION AND REPLACE IT WITH CLEARPATH, INC. (82-5026325). THE MISSION OF CLEARPATH, INC. ALIGNS BETTER WITH THE GOALS OF THE ORGANIZATION. 2497821 160117 2337704 347087 83570 263517 129008 96435 32573 312146 192348 119798 2753592 INVESTMENTS IN VARIOUS NON-PUBLICLY TRADED PARTNERSHIPS AND CORPORATIONS 88294363 F 88294363 CREDIT CARD PAYABLE 60088 60088 X -7216046 -12393423 -12393423 5177377 193478 193478 5370855 13780796 49389 49389 13731407 0 13731407 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, NO PROVISION FOR INCOME TAXES HAS BEEN MADE IN THE ACCOMPANYING FINANCIAL STATEMENT. THE ORGANIZATION RECORDS LIABILITIES FOR INCOME TAX PROVISIONS TAKEN OR EXPECTED TO BE TAKEN WHEN THOSE POSITIONS ARE DEEMED UNCERTAIN TO BE UPHELD IN AN EXAMINATION BY TAXING AUTHORTIES AS OF DECEMBER 31, 2018. NO LIABILITIES FOR UNCERTAIN INCOME TAX POSITIONS WERE RECORDED AS OF DECEMBER 31, 2018. PART XI, LINE 4B - OTHER ADJUSTMENTS: ACCRUAL TO CASH ADJUSTMENT 193,478. PART XII, LINE 2D - OTHER ADJUSTMENTS: UBTI - FEDERAL INCOME TAXES 49,389. CENTRAL AMERICA AND THE CARIBBEAN - ANTIGUA & BARBUDA, ARUBA, BAHAMAS, 0 0 INVESTMENT IN PASSIVE FOREIGN INVESTMENT COMPANIES N/A 70078382 0 0 0 0 0 0 70078382 0 70078382 1 0 0 1 0 0 0 CLEARPATH INC 611 MARYLAND AVENUE NE WASHINGTON DC 20002 463891359 501C(3) 1100000 SUPPORT FOR CLEAN ENERGY INNOVATION INITIATIVES SCHWAB CHARITABLE 1958 SUMMIT PARK DR SUITE 200 ORLANDO FL 32810 311640316 501C(3) 6350000 SUPPORT FOR CLEAN ENERGY INITIATIVES THE NATIONAL CHRISTIAN FOUNDATION 11625 RAINWATER DRIVE SUITE 500 ALPHARETTA GA 30009 581493949 501C(3) 220000 SUPPORT FAITH BASED INITIATIVES THE GREENLIGHT FUND 200 CLARENDON STREET 44TH FLOOR BOSTON MA 02116 200407083 501C(3) 150000 SUPPORT OF COMMUNITY INITIATIVES THE MENTORING ALLIANCE 504 W 32ND STREET TYLER TX 75702 752541408 501C(3) 100000 SUPPORT OF COMMUNITY INITIATIVES 1 X 0 0 0 0 0 0 0 0 0 RICHARD POWELL EXECUTIVE DIRECTOR 489896 0 0 0 0 0 0 0 15193 0 505089 0 0 0 ZAKIR A BAIG MANAGING DIRECTOR - GOVERN 314206 0 0 0 0 0 0 0 1032 0 315238 0 0 0 MARK T BRUINOOGE MANAGING DIRECTOR - FINANC 304798 0 0 0 0 0 0 0 14819 0 319617 0 0 0 JEREMY B HARRELL MANAGING DIRECTOR - POLICY 176611 0 0 0 0 0 0 0 5675 0 182286 0 0 0 JEFFREY A MOREHOUSE GOVERNMENT AFFAIRS DIRECTO 217577 0 0 0 0 0 0 0 12349 0 229926 0 0 0 MATTHEW JOHNSTON INVESTMENT ANALYST 224209 0 0 0 0 0 0 0 13820 0 238029 0 0 0 MARK T BRUINOOGE OFFICER 337319 ACCOUNTING AND HR SERVICES 0 MARK T BRUINOOGE OFFICER 49951 SUBLEASE OFFICE SPACE 0 PART IV MARK T. BRUINOOGE OWNED MAJORITY INTEREST IN WATERMARK SERVICES, LLC DURING 2018. WATERMARK SERVICES, LLC SPECIALIZES IN PROVIDING OUTSOURCED ACCOUNTING AND OTHER BACK OFFICE SERVICES FOR INDIVIDUALS AND BUSINESSES. FORM 990, PART VI, SECTION A, LINE 4 THE ORGANIZATION AMENDED THEIR COPORATE DOCUMENTS TO CHANGE THE ORGANIZATION NAME AND UPDATE THE SUPPORTED ORGANIZATIONS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY SELECT OFFICERS AND MEMBERS OF THE BOARD OF DIRECTORS AND A COPY IS AVAILABLE UPON REQUEST TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C MANAGEMENT MONITORS CONFLICT OF INTEREST THROUGH A MONTHLY EVALUATION OF ALL ORGANIZATION INITIATIVES AGAINST OUR APPROVED STRATEGIC PLAN. INITIATIVES ARE EVALUATED FOR IMPACT AGAINST OUR STRATEGIC PLAN WHICH IS UPDATED AND PRESENTED AT QUARTERLY BOARD MEETINGS. BOARD MEMBERS HAVE THE OPPORTUNITY TO EVALUATE ALL FINANCIAL AND BUSINESS DEALINGS THAT SUPPORT THE ORGANIZATION ACTIVITIES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT REVIEWS ALL SALARIES & COMPENSATION ANNUALLY. THE BOARD OF DIRECTORS APPROVES THE BUDGETS. COMPARABILITY DATA IS USED IN THE COMPENSATION PLANNING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G WEBSITE AND TECHNOLOGY CONSULTING : PROGRAM SERVICE EXPENSES 153,936. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 153,936. PR AND COMMUNICATIONS CONSULTING : PROGRAM SERVICE EXPENSES 885,067. MANAGEMENT AND GENERAL EXPENSES 1,147. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 886,214. CONTRACT LABOR : PROGRAM SERVICE EXPENSES 54,442. MANAGEMENT AND GENERAL EXPENSES 11,151. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 65,593. OTHER CONSULTING : PROGRAM SERVICE EXPENSES 373,854. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 373,854. ADVISORY BOARD FEES : PROGRAM SERVICE EXPENSES 2,805. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,805. PAYROLL SERVICES : PROGRAM SERVICE EXPENSES 254. MANAGEMENT AND GENERAL EXPENSES 52. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 306. FORM 990, PART XI, LINE 9: UBTI - FEDERAL INCOME TAX -49,388. ACCRUAL TO CASH ADJUSTMENT -193,478. OTHER INVESTMENT INCOME 144,490. SPARK HOLDINGS LLC 1355 GREENWOOD CLIFF DRIVE STE 301 CHARLOTTE NC 28204 454359460 INVESTMENT NC CLEARPATH FOUNDATION INC CPF HOLDINGS LLC 300 NEW JERSEY AVENUE SUITE 907 WASHINGTON DC DC 20001 300941167 REAL ESTATE HOLDING COMPANY DC 2708170 CLEARPATH FOUNDATION INC