2025-08-07T15:36:45-05:00 2024-09-30 330482495 GYL LLP 4120 CONCOURS SUITE 100 ONTARIO CA 91764 990 2023-10-01 954375022 CALSTART INC CALS 6267445600 48 S CHESTER AVE PASADENA CA 91106 PIERO STILLITANO CHIEF FINANCIAL OFFICER 6267445600 2025-08-07 1 1 JOSEPH ROMERO CPA P00441771 9099489990 X 2023 2025-03-06 01:10:19Z JOHN BOESEL 48 S CHESTER AVE PASADENA CA 91106 396843381 0 X WWW.CALSTART.ORG X 1992 CA CALSTART DEVELOPS AND IMPLEMENTS LARGE-SCALE ZERO-EMISSION TRANSPORTATION PROGRAMS AND SOLUTIONS IN COLLABORATION WITH BUSINESSES, GOVERNMENT AGENCIES, AND COMMUNITIES TO SUPPORT AMERICAN MANUFACTURING, CREATION OF JOBS IN THE ADVANCED TRANSPORTATION TECHNOLOGY SECTOR AND REDUCE EMISSIONS. 12 11 250 14 0 0 168667588 395570444 0 0 615814 1272726 22500 211 169305902 396843381 0 0 0 0 21893813 27442846 0 0 0 151051502 369190843 172945315 396633689 -3639413 209692 81342340 168027868 76578355 163054191 4763985 4973677 X FOR MORE THAN 30 YEARS, CALSTART HAS PARTNERED WITH INDUSTRY, GOVERNMENT, AND COMMUNITIES TO ACCELERATE THE DEVELOPMENT AND DEPLOYMENT OF ADVANCED TRANSPORTATION TECHNOLOGIES. CALSTART DESIGNS AND IMPLEMENTS VEHICLE INFRASTRUCTURE PROGRAMS THAT REDUCE EMISSIONS, GROW DOMESTIC SUPPLY CHAINS, AND IMPROVE OPERATIONAL EFFICIENCY. CALSTART PROVIDES TECHNICAL, REGULATORY AND POLICY SUPPORT TO SCALE COMMERCIALLY VIABLE, ZERO-EMISSION TRANSPORTATION SOLUTIONS THAT BENEFIT FLEET OPERATORS, LOCAL ECONOMIES, AND THE PUBLIC. 0 0 382189944 MARKET ACCELERATION: ENABLING FLEET TRANSFORMATION-CALSTART DESIGNS, LEADS, AND IMPLEMENTS ZERO-EMISSION VEHICLE AND INFRASTRUCTURE INCENTIVE PROGRAMS FOR TRUCKS, BUSES, CARS, AND OFF-ROAD EQUIPMENT FOR FEDERAL, STATE, AND LOCAL GOVERNMENTS. THESE PROGRAMS SUPPORT PRIVATE AND PUBLIC FLEETS ACROSS THE U.S., HELPING REDUCE OPERATING COSTS AND EXPANDING DOMESTIC ZERO-EMISSION VEHICLE AND INFRASTRUCTURE MANUFACTURING. HIGHLIGHTS FROM FY2024 INCLUDE: - THE US DEPARTMENT OF ENERGY AWARDED CALSTART $4 MILLION TO LEAD THE CHARGE@WORK PROGRAM, A NATIONAL INITIATIVE TO SUPPORT EMPLOYER-BASED CHARGING. - THE COMMUNITIES IN CHARGE PROJECT, WITH AN $88 MILLION INVESTMENT FROM THE CALIFORNIA ENERGY COMMISSION (CES) AND THE ENERGIIZE PROJECT ($276 MILLION INVESTMENT THROUGH 2026) PROVIDES INCENTIVES VIA REIMBURSEMENT FOR EV AND H2 INFRASTRUCTURE TO SUPPORT MEDIUM/HEAVY-DUTY ZEVS. - IN PARTNERSHIP WITH THE MASSACHUSETTS CLEAN ENERGY CENTER (MASSCEC), CALSTART LAUNCHED THE RIDE CLEAN MASS PROGRAM, AN INITIATIVE AIMED AT HELPING THE VEHICLE-FOR-HIRE (VFH) INDUSTRY SWITCH TO ZERO-EMISSION VEHICLES. BY PROVIDING FINANCIAL INCENTIVES, THE RIDE CLEAN MASS PROGRAM HAS EARMARKED $5.35 MILLION TO SUPPORT DRIVERS THROUGH 2025. RIDE CLEAN MASS CHARGING HUB PROGRAM IS THE SECOND PHASE OF THE MASSCEC PARTNERSHIP WITH A $6.1 MILLION INVESTMENT TO CONSTRUCT 57 CHARGING HUBS ACROSS THE STATE THROUGH 2026. - CALIFORNIA'S AIR RESOURCES BOARD'S (CARB) CLEAN OFF-ROAD EQUIPMENT VOUCHER INCENTIVE PROJECT (CORE) HAS CUMULATIVELY RECEIVED $538 MILLION IN FUNDING, INCLUDING $15 MILLION ALLOCATED IN 2024 FOR ZERO-EMISSION EQUIPMENT FOR SMALL BUSINESSES AND PUBLIC AGENCIES. - CARB HAS CUMULATIVELY FUNDED $2.288 BILLION FOR THE HYBRID AND ZERO EMISSION TRUCK AND BUS VOUCHER INCENTIVE PROJECT (HVIP), INCLUDING $15 MILLION FOR THE INNOVATIVE SMALL E-FLEET (ISEF) SET-ASIDE WITHIN HVIP IN 2024. 5542124 TECHNOLOGY DEVELOPMENT AND DEMONSTRATION PROGRAM- CALSTART PROVIDES INDEPENDENT ANALYSIS AND GUIDANCE TO HELP GOVERNMENT AND INDUSTRY ACCELERATE THE DEPLOYMENT OF COMMERCIALLY VIABLE ADVANCED TECHNOLOGIES. CALSTART SERVES AS THE MEDIUM- AND HEAVY-DUTY VEHICLE ADVISOR TO THE CALIFORNIA AIR RESOURCES BOARD (CARB) AND ASSISTS IN DEVELOPMENT OF ITS ONGOING HEAVY DUTY INVESTMENT PLAN, OFFERING TECHNICAL EXPERTISE TO ALIGN VEHICLE AND INFRASTRUCTURE PLANNING WITH MARKET NEEDS.IN 2024, CALSTART HOSTED TWO LARGE-SCALE RIDE AND DRIVE EVENTS IN POMONA AND OAKLAND, CA, FEATURING 70+ ZERO-EMISSION VEHICLES AND EQUIPMENT FOR FLEET OPERATORS, DEMONSTRATING REAL-WORLD PRODUCT READINESS AND PERFORMANCE.CALSTART IS A SUBRECIPIENT ON THREE EPA CLEAN PORTS PROGRAM AWARDS ON THE EAST COAST: - WITH THE PORT AUTHORITY OF NEW YORK AND NEW JERSEY ($451M TOTAL AWARD), CALSTART IS MANAGING $51M IN SUPPORT OF A CLEAN EQUIPMENT VOUCHER PROGRAM AND DEVELOPMENT OF NEAR-PORT CHARGING HUBS THROUGH A GREEN DRAYAGE ACCELERATOR. - IN MARYLAND, CALSTART IS SUPPORTING THE PORT AUTHORITY'S PLANNING GRANT AWARD ($147M TOTAL AWARD) THROUGH TRUCK OPERATOR ENGAGEMENT. CALSTART IS MANAGING $20M TO ADMINISTER A CLEAN EQUIPMENT AND INFRASTRUCTURE VOUCHER PROGRAM THROUGH A GREEN DRAYAGE ACCELERATOR. - CALSTART WAS AWARDED THE PRIME CONTRACT BY MASSCEC FOR THE RECENTLY LAUNCHED MHD MOBILE CHARGING PROGRAM, THROUGH WHICH FOUR FLEETS WILL PILOT MOBILE/TEMPORARY CHARGING SOLUTIONS TO ENABLE FLEET ELECTRIFICATION. - AS A PART OF A CONSULTANT TEAM, CALSTART COMPLETED THE MAINE CLEAN TRANSPORTATION ROADMAP FOR MEDIUM- AND HEAVY-DUTY VEHICLES FOR MAINE DOT, THE GOVERNOR'S ENERGY OFFICE, AND THE GOVERNOR'S OFFICE OF POLICY INNOVATION AND THE FUTURE. - CALSTART ALSO ADMINISTERS AND PROVIDES OUTREACH TO NYSERDA'S NEW YORK TRUCK VOUCHER INCENTIVE PROGRAM (NYTVIP). - MASS FLEET ADVISOR IS A TECHNICAL ASSISTANCE PROGRAM FOR PRIVATE MHDV FLEETS; CALSTART IS THE PRIME RECIPIENT OF MASSACHUSETTS CLEAN ENERGY CENTER'S (MASSCEC) PROGRAM. - IN 2024, CALSTART WAS AWARDED A FLEET ADVISORY PROGRAM IN NEW JERSEY BY THE NJ DEPARTMENT OF ENVIRONMENTAL PROTECTION. 1300237 PROMOTING ADVANCED TRANSPORTATION TECHNOLOGIES CHAMPIONS (MEMBER SERVICES, PUBLICATIONS, AND CONFERENCES)- CALSTART PROVIDES A WIDE RANGE OF NETWORKING AND STRATEGIC PARTNERING OPPORTUNITIES FOR ITS 250+ MEMBER COMPANIES AND STAKEHOLDER ORGANIZATIONS. CALSTART MEMBERS BENEFIT FROM THE UNIQUE RESEARCH AND ANALYSIS REPORTS AND HAVE ACCESS TO CURATED INFORMATION ABOUT OPPORTUNITIES AND INDUSTRY TRENDS IN ADVANCED TRANSPORTATION TECHNOLOGIES. OUR PROGRAM TEAMS ALSO CONDUCT WEBINARS TO INFORM MEMBERS AND OTHERS OF THE LATEST DEVELOPMENTS, OPPORTUNITIES, AND FORECASTS ABOUT EV'S AND OTHER ADVANCED TRANSPORTATION TECHNOLOGIES.IN 2024, CALSTART PUBLISHED UPDATES TO ITS INDUSTRY-LEADING "ZEROING IN ON ZERO-EMISSION TRUCKS AND "ZEROING IN ON ZERO-EMISSION BUSES" REPORTS, BOTH OF WHICH PROVIDE CONCISE AND CURRENT SNAPSHOTS OF ZERO-EMISSION VEHICLE DEPLOYMENT STATISTICS ACROSS THE UNITED STATES. THESE REPORTS OFFER INSIGHTS INTO KEY TRENDS DRIVING GROWTH IN ADOPTION, AS WELL AS OPPORTUNITIES TO FURTHER ACCELERATE THIS GROWTH THAT CAN HELP INFORM POLICYMAKERS, MANUFACTURERS, FLEET OWNERS, AND FINANCIAL STAKEHOLDERS. CALSTART ALSO DEVELOPED A GROUNDBREAKING FINANCIAL MODEL, PUBLISHED IN "FINANCING FLEET ELECTRIFICATION: BATTERY-ELECTRIC TRUCK COMPONENT RESALE HIGHLIGHTS RESIDUAL VALUE UPSIDE", FOR BENCHMARKING THE ESTIMATED VALUE OF BATTERY-ELECTRIC TRUCKS (BETS) AT THE END OF THEIR FINANCING TERMS. THIS METHOD SHOWS THAT BET LEASE AND FINANCING UNDERWRITERS SHOULD LOOK TO SECOND-LIFE APPLICATIONS OF BET COMPONENTS AND CAN ATTRIBUTE BETS WITH HIGHER RESIDUAL VALUE, MEANING MORE AFFORDABLE PAYMENTS FOR FLEETS. IN ADDITION, CALSTART'S DRIVE TO ZERO PROGRAM PUBLISHED THE THIRD ANNUAL "GLOBAL PROGRESS TOWARD DECARBONIZING TRANSPORTATION: MULTI-COUNTRY ACTION PLAN FOR 2024 UPDATE (MCAP)", WHICH HIGHLIGHTS THE FORWARD ACTION OF THE 38 GLOBAL MOU COUNTRY SIGNATORIES TOWARD FULFILLING THE GOAL OF 30% NEW MEDIUM- AND HEAVY-DUTY VEHICLE (MHDV) SALES BEING ZERO-EMISSION BY 2030, WITH 100% BY 2040. THE 2024 MCAP, PREPARED FOR GLOBAL MOU COUNTRIES AND ENDORSERS, PROVIDES NEW INFORMATION ON THE OVERALL ZERO-EMISSION MHDV MARKET AND OFFERS AN OVERVIEW OF THE IMPACTFUL POLICY MEASURES IMPLEMENTED BY GLOBAL MOU SIGNATORY NATIONS. 2901809 211 OTHER PROGRAMS 2901809 211 391934114 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 58 0 1 250 1 0 1 UK 0 0 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X X PIERO STILLITANO 6267445600 48 S CHESTER AVENUE PASADENA CA 91106 JOHN BOESEL PRESIDENT AND CEO 40.00 X X 292687 0 49826 DORAN J BARNES DIRECTOR 1.00 X 0 0 0 AVNINDER BUTTAR DIRECTOR 1.00 X 0 0 0 BART FRANEY DIRECTOR 1.00 X 0 0 0 YURI FREEDMAN DIRECTOR 1.00 X 0 0 0 JULIA GRINSHPUN DIRECTOR 1.00 X 0 0 0 HENRIK HOLLAND DIRECTOR 1.00 X 0 0 0 CHELLE IZZI VICE-CHAIR 1.00 X X 0 0 0 CHRIS NEVERS DIRECTOR 1.00 X 0 0 0 KATIE SLOAN DIRECTOR 1.00 X 0 0 0 CHRIS STODDART DIRECTOR 1.00 X 0 0 0 CYNTHIA WILLIAMS BOARD CHAIR 1.00 X X 0 0 0 ANDREI GREENWALT PAST SECRETARY 1.00 X X 0 0 0 MARK PATTER PAST DIRECTOR 1.00 X 0 0 0 BOB WYMAN PAST DIRECTOR 1.00 X 0 0 0 DAVID CHOW CHIEF OPERATIONS OFFICER 40.00 X 240369 0 41164 PIERO STILLITANO CHIEF FINANCIAL OFFICER 40.00 X 220795 0 43317 JASNA TOMIC VICE PRESIDENT 40.00 X 232438 0 34555 BENJAMIN MANDEL DIRECTOR, NORTH EAST REGION 40.00 X 214102 0 33395 MAUREEN MARSHALL DIRECTOR, MIDWEST REGION 40.00 X 188110 0 49690 JARED SCHNADER DIRECTOR, BUS PROGRAMS 40.00 X 172387 0 43074 DIEDRE STROHM DEVELOPMENT DIRECTOR 40.00 X 160803 0 32462 ALISSA LOUISE BURGER POLICY DIRECTOR 40.00 X 160948 0 29541 1882639 0 357024 9 0 1 0 TETRA TECH DIVISIONS PO BOX 911674 DENVER CO 802911674 SUBCONTRACTOR 4450777 SHARED USE MOBILITY CENTER 222 W MERCHANDISE MART PLAZA 1212 CHICAGO IL 900749415 SUBRECIPIENT 990416 GENENTECH INC 1 DNA WAY MS 352E SOUTH SAN FRANCISCO CA 94080 SUBCONTRACTOR 750000 UPLIFTED VISUALS 3333 S LA CIENEGA BLVD 6173 LOS ANGELES CA 90016 SUBCONTRACTOR 544035 ACHATES POWER INC 4060 SORENTO VALLEY BOULEVARD SAN DIEGO CA 92121 SUBRECIPIENT 477498 26 1319778 394250666 395570444 1272726 1272726 OTHER INCOME 900099 211 211 211 396843381 211 0 1272726 1211487 1061226 150261 17944833 15719140 2225693 1309533 1147112 162421 5342708 5298230 44478 1634285 1444724 189561 170440 170440 212025 212025 10512163 9708693 803470 1175488 984744 190744 189161 172873 16288 785849 711637 74212 833072 833072 131209 72479 58730 63858 58749 5109 336386 235475 100911 SUBRECIPIENTS 353745370 353745370 OTHER EXPENSES 501600 115933 385667 TELEPHONE/COMMUNICATION 358304 324338 33966 EQUIPMENT/SMALL TOOLS 114976 88294 26682 60942 60942 396633689 391934114 4699575 0 12815 1234 66547336 151041636 13125270 11045931 424074 682308 4522805 1464995 3121668 3057810 190516 119610 81342340 168027868 10439195 5577223 2640442 60964647 142285329 1549255 1482594 3625258 11068603 76578355 163054191 X 4763985 4973677 4763985 4973677 81342340 168027868 209692 0 X 0 1 X 1 1 1 X 123322082 103294692 66438713 168667588 395570444 857293519 123322082 103294692 66438713 168667588 395570444 857293519 857293519 2443 341 4 615814 1272726 1891328 51638 18393 3569 22500 211 96311 859281158 0.99770 0.99860 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 212025 212025 0 PART II-B, LINE 1: CALSTART HIRED LOBBYISTS TO IMPACT POLICIES CONSISTENT WITH THE CALSTART, INC. MISSION. 1998656 1998656 2426849 1373264 1053585 97300 91731 5569 3057810 OPERATING LEASE LIABILITIES 53868 DUE TO SUBCONTRACTORS AND BENEFICIARIES 11014735 11068603 X 396843381 0 396843381 0 396843381 396633689 0 396633689 0 396633689 PART X, LINE 2: GENERALLY ACCEPTED ACCOUNTING PRINCIPLES PROVIDE ACCOUNTING AND DISCLOSURE GUIDANCE ABOUT POSITIONS TAKEN BY AN ORGANIZATION IN ITS TAX RETURNS THAT MIGHT BE UNCERTAIN. MANAGEMENT HAS CONSIDERED ITS TAX POSITIONS AND BELIEVES THAT ALL OF THE POSITIONS TAKEN BY THE ORGANIZATION IN ITS FEDERAL AND STATE EXEMPT ORGANIZATION TAX RETURNS ARE MORE LIKELY THAN NOT TO BE SUSTAINED UPON EXAMINATION. THE ORGANIZATION'S RETURNS ARE SUBJECT TO EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIES, GENERALLY FOR FOUR YEARS AFTER THEY ARE FILED. EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT RECEIVED FOR PROGRAM SERVICES REVENUE IN NETHERLANDS 369641 NORTH AMERICA 0 0 GRANT RECEIVED FOR PROGRAM SERVICES REVENUE IN CANADA 13878 EUROPE (INCLUDING ICELAND & GREENLAND) 0 0 GRANT RECEIVED FOR PROGRAM SERVICES REVENUE IN SWEDEN 1646 EUROPE (INCLUDING ICELAND & GREENLAND) 0 3 PROGRAM SERVICES EXPENDITURES (PAYROLL) - IN NETHERLANDS 405866 EUROPE (INCLUDING ICELAND & GREENLAND) 0 1 PROGRAM SERVICES EXPENDITURES (PAYROLL) - IN UNITED KINGDOM 171803 0 4 0 0 0 4 962834 0 962834 0 0 0 0 0 0 PART I, LINE 2: GRANT EXPENSES ARE ACCUMULATED USING THE JOB COST MODULE IN SAGE 100 ERP. GRANT ACTIVITIES ARE CONDUCTED BASED UPON THE GRANT CONTRACT AND MONITORED BY PROJECT MANAGERS. X X X X 0 0 0 0 0 0 0 1 0 JOHN BOESEL PRESIDENT AND CEO 292687 0 0 0 0 0 22564 0 27262 0 342513 0 0 0 DAVID CHOW CHIEF OPERATIONS OFFICER 240369 0 0 0 0 0 16141 0 25023 0 281533 0 0 0 JASNA TOMIC VICE PRESIDENT 232438 0 0 0 0 0 16085 0 18470 0 266993 0 0 0 PIERO STILLITANO CHIEF FINANCIAL OFFICER 220795 0 0 0 0 0 17238 0 26079 0 264112 0 0 0 BENJAMIN MANDEL DIRECTOR, NORTH EAST REGION 214102 0 0 0 0 0 14567 0 18828 0 247497 0 0 0 MAUREEN MARSHALL DIRECTOR, MIDWEST REGION 188110 0 0 0 0 0 14459 0 35231 0 237800 0 0 0 JARED SCHNADER DIRECTOR, BUS PROGRAMS 172387 0 0 0 0 0 12689 0 30385 0 215461 0 0 0 DIEDRE STROHM DEVELOPMENT DIRECTOR 160803 0 0 0 0 0 12200 0 20262 0 193265 0 0 0 ALISSA LOUISE BURGER POLICY DIRECTOR 160948 0 0 0 0 0 11940 0 17601 0 190489 0 0 0 PART I, LINE 7 CALSTART PROVIDES A NON-FIXED, PERFORMANCE-BASED DISCRETIONARY BONUS TO EMPLOYEES. CHRIS STODDART OF NEW FLYER OF AMER BOARD MEMBER 14832000 CHRIS STODDART IS PRESIDENT OF NEW FLYER OF AMERICA, WHICH IS A PROGRAM BENEFICIARY OF CALIFORNIA AIR RESOURCES BOARD HYBRID AND ZERO-EMISSION TRUCK AND BUS VOUCHER INCENTIVE PROJECT. 0 FORM 990, PART VI, SECTION B, LINE 11B CALSTART, INC.'S OUTSIDE TAX PREPARERS AND FINANCE STAFF PREPARE THE FORM 990 WHICH IS THEN REVIEWED AND APPROVED BY THE CALSTART CHIEF FINANCIAL OFFICER. THE FORM IS THEN SENT TO THE FULL BOARD BEFORE MAILING. FORM 990, PART VI, SECTION B, LINE 12C CALSTART, INC. REQUIRES ALL EMPLOYEES TO DISCLOSE, AT LEAST ANNUALLY, ALL SOURCES OF INCOME FROM COMPENSATION OR FROM OWNERSHIP OF EVERY OUTSIDE COMPETING ENTERPRISE PROVIDING GOODS OR SERVICES TO CALSTART, INC. IN THE LAST TWELVE MONTHS. IN ADDITION, EACH NEW BOARD MEMBER RECEIVES A BINDER THAT INCLUDES THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWED CALSTART INC.'S CEO AND CFO COMPENSATION AND DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE AS PART OF A GRANT APPLICATION. IN ADDITION, WE MAKE ALL REQUIRED DOCUMENTS AVAILABLE FOR REVIEW BY THE PUBLIC UPON REQUEST.