2024-11-15T14:35:53-06:00 2023-12-31 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990 2023-01-01 920306841 CLIMATEHAVEN INC CLIM 2038507025 770 CHAPEL STREET NEW HAVEN CT 06510 JUSTINE LEE CEO 6179998962 2024-11-15 1 1 KRISTEN CUMMINGS P01510495 6178075000 2024-11-15 2023 2024-10-15 13:58:12Z JUSTINE LEE 770 CHAPEL STREET NEW HAVEN CT 06510 1402733 0 X WWW.CLIMATEHAVEN.TECH X 2022 CT CLIMATEHAVEN IS A CLIMATE TECH INCUBATOR FOR WORLD-CLASS INNOVATORS AND ENTREPRENEURS. 10 9 5 10 0 0 0 1385858 0 16875 0 0 0 0 0 1402733 0 0 0 0 0 365508 0 0 51457 0 345037 0 710545 0 692188 0 833611 0 141423 0 692188 X CLIMATEHAVEN IS A CLIMATE TECH INCUBATOR FOR WORLD-CLASS INNOVATORS AND ENTREPRENEURS WORKING TO DEVELOP, COMMERCIALIZE AND SCALE BREAKTHROUGH CLIMATE SOLUTIONS. OUR DYNAMIC ECOSYSTEM OFFERS ACCESS TO WORKSPACE, PROTOTYPING AND LAB SPACE, A NETWORK OF EXPERT ADVISORS, MENTORS AND INVESTORS, AND A FULL RANGE OF COMPANY-BUILDING SUPPORT TO ACCELERATE THEIR JOURNEYS FROM LAB TO MARKET. 0 0 531855 16575 CLIMATEHAVEN'S INCUBATOR PROGRAM INVOLVES RECRUITING CLIMATE TECHNOLOGY STARTUP COMPANIES, PROVIDING THEM WITH STRATEGIC GUIDANCE, A COMMUNITY OF PEERS FROM WHOM TO LEARN, WORKSPACE, AND PROTOTYPING SPACE. IN 2023, OUR FIRST YEAR OF OPERATIONS, WE CONSTRUCTED OUR INCUBATOR HUB AT 770 CHAPEL ST., PROVIDING SEVEN MEETING ROOMS AND 32 WORK DESKS. WE ALSO RECRUITED 17 STARTUP COMPANIES OVER THE COURSE OF 2023. 531855 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CT X EILEEN SMITH 2035210600 770 CHAPEL STREET NEW HAVEN CT 06510 RYAN DINGS CEO 40.00 X X 106989 0 2631 JOSH GEBALLE CHAIRPERSON 1.00 X X 0 0 0 CLAUDIA REUTER SECRETARY 1.00 X X 0 0 0 CORTNERY RENTON TREASURER 1.00 X X 0 0 0 STUART DECEW BOARD MEMBER 1.00 X 0 0 0 SARA HARARI BOARD MEMBER 1.00 X 0 0 0 KONSTANTINE DRAKONAKIS BOARD MEMBER 1.00 X 0 0 0 JASON PRICE BOARD MEMBER 1.00 X 0 0 0 CAROLINE TANBEE SMITH BOARD MEMBER 1.00 X 0 0 0 KATIE DYKES BOARD MEMBER 1.00 X 0 0 0 CASEY PICKETT MANAGING DIRECTOR OF INCUBATION 40.00 X 105000 0 4492 211989 0 7123 2 0 0 0 0 465858 920000 1385858 INCUBATOR 531310 16875 16875 16875 1402733 16875 0 0 109620 65772 16443 27405 219974 181384 20347 18243 6747 6213 161 373 1252 1112 82 58 27915 20589 3506 3820 27952 27952 875 875 3357 3357 10700 6634 2675 1391 77447 77447 23791 18914 4877 53436 34015 19421 113072 90457 22615 1219 538 681 17248 16760 321 167 7277 7277 COMMUNITY INVESTORS EXP 8663 8663 710545 531855 127233 51457 116631 415858 6080 301450 17248 0 284202 0 10840 0 833611 141423 0 141423 X 692188 0 692188 0 833611 692188 0 X 0 1 X 1 1 1 X 1385858 1385858 1385858 1385858 222283 1163575 1385858 16875 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 0 0 0 0 0 0 1 3357 3357 0 PART II-B, LINE 1: IN 2023, CLIMATEHAVEN ENGAGED A LOBBYING FIRM TO DO INITIAL RESEARCH AND EXPLORATION INTO THE POSSIBILITY OF A LEGISLATIVE EARMARK FROM CONNECTICUT STATE. THE CLIMATEHAVEN CEO'S INVOLVEMENT WAS LIMITED TO ENGAGING LOBBYISTS IN AN EFFORT TO UNDERSTAND THE CRITERIA FOR RECEIVING A STATE LEGISLATIVE EARMARK AND WHETHER THIS WOULD BE AVAILABLE TO CLIMATEHAVEN. 161780 8089 153691 139670 9159 130511 284202 X 1402733 0 1402733 0 1402733 710545 0 710545 0 710545 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). THE ORGANIZATION IS, HOWEVER, SUBJECT TO THE TAX ON UNRELATED BUSINESS INCOME, IF ANY SUCH INCOME EXISTS. IN ADDITION, THE ORGANIZATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(2). THE ORGANIZATION RECOGNIZES AND MEASURES ITS UNRECOGNIZED TAX POSITIONS AND ASSESSES THE LIKELIHOOD, BASED ON THEIR TECHNICAL MERIT, THAT TAX POSITIONS WILL BE SUSTAINED UPON EXAMINATION BASED ON THE FACTS, CIRCUMSTANCES AND INFORMATION AVAILABLE AT THE END OF EACH PERIOD. THE MEASUREMENT OF UNRECOGNIZED TAX POSITIONS IS ADJUSTED WHEN NEW INFORMATION BECOMES AVAILABLE, OR WHEN AN EVENT OCCURS THAT REQUIRES A CHANGE. INTEREST AND PENALTIES ASSOCIATED WITH UNRECOGNIZED INCOME TAXES, IF IDENTIFIED, WOULD BE CLASSIFIED AS INTEREST EXPENSE AND ADDITIONAL INCOME TAXES IN THE STATEMENTS OF ACTIVITIES AND CHANGES IN NET ASSETS. MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023. THE ORGANIZATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS, GENERALLY FOR A PERIOD OF 3 YEARS, HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY PERIODS IN PROGRESS. FORM 990, PART VI, SECTION A, LINE 2 CLAUDIA REUTER SERVES AS DIRECTOR OF THE ROBERTS INNOVATION FUND AT YALE VENTURES, WHERE JOSH GEBALLE IS A MANAGING DIRECTOR AND HER SUPERVISOR. RYAN DINGS IS THE FORMER CEO OF CLIMATEHAVEN. DURING THE 2023 FILING PERIOD, HE SERVED AS CEO OF CLIMATEHAVEN AND ALSO SERVED AS A VENTURE PARTNER AT CONNECTICUT INNOVATIONS FOR WHICH HE RECEIVED A SALARY FROM CONNECTICUT INNOVATIONS. THIS ARRANGEMENT WAS APPROVED BY THE BOARD OF DIRECTORS OF CLIMATEHAVEN. KONSTANTINE DRAKONAKIS IS AN EMPLOYEE AT CONNECTICUT INNOVATIONS AND ALSO SERVES AS A BOARD MEMBER AT CLIMATEHAVEN. FORM 990, PART VI, SECTION B, LINE 11B CLIMATEHAVEN'S FINANCE MANAGER PREPARES THE MATERIAL FOR THE FORM 990. CLIMATEHAVEN'S MANAGING DIRECTOR--INCUBATION THEN PERFORMS A FIRST REVIEW. THE MATERIALS ARE SHARED WITH THE BOARD OF DIRECTORS FOR REVIEW. CLIMATEHAVEN'S PRESIDENT AND CEO REVIEW THE PREPARED FORM 990 AND SHARES IT WITH THE FINANCE COMMITTEE FOR REVIEW AND APPROVAL. AFTER THE FINANCE COMMITTEE HAS APPROVED THE 990 IT IS SHARED WITH THE BOARD. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD ADOPTED A CONFLICT OF INTEREST POLICY ON MARCH 8, 2023 WHEREIN EACH MEMBER OF THE BOARD OF DIRECTORS ACKNOWLEDGED THEIR CONTINUING OBLIGATION TO DISCLOSE ANY FINANCIAL OR NONFINANCIAL INTEREST THAT MAY DEVELOP. IN ACCORDANCE WITH THE POLICY, THE CHAIR OF THE BOARD TAKES REASONABLE STEPS TO IDENTIFY ANY POTENTIAL CONFLICTS OF INTEREST IN ADVANCE OF BOARD MEETINGS AND THERE IS AN ANNUAL DISCLOSURE OBLIGATION. FORM 990, PART VI, SECTION B, LINE 15 TO DETEMINE THE COMPENSATION OF THE CEO OR EXECUTIVE DIRECTOR, CLIMATEHAVEN INC. USES FORM 990 OF OTHER ORGANIZATIONS, DOING COMPENSATION SURVEY OR STUDY, AND GETTING APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.