2025-11-11T11:59:00+00:00 2024-12-31 440160260 Forvis Mazars LLP 500 Ridgefield Court Asheville NC 28806 990 2024-01-01 463891359 2040 Foundation Inc 2040 7049450487 1355 Greenwood Cliff Drive 400 Charlotte NC 28204 Jay W Faison President 2025-11-11 true Amy Bibby P00445891 8282542254 2025-10-14 2024 2025-03-06 01:10:19Z Jay W Faison 1355 Greenwood Cliff Drive 400 Charlotte NC 28204 18230318 false X www.mission2040.org X 2013 NC Accelerate America's clean energy future with conservative solutions. 5 3 0 2 38822 30793 0 0 0 0 392925 805127 0 0 392925 805127 14324912 12784227 0 0 0 0 0 0 0 2192904 1911646 16517816 14695873 -16124891 -13890746 100049962 90780888 399218 107519 99650744 90673369 Accelerate America's clean energy future with conservative solutions. false false 13165417 12784227 Through financial assistance and educational programs, 2040 Foundation Inc provided extensive research and analysis to the general public, provided insights to 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 supported clean energy programs by providing financial support to other public charities. 13165417 true false false false false false false false false false false true false false true false false false false false true false false false false false false true false true false false false false false false false false false true false false false false true true true false false false true 4 0 true 0 true true false false false false false false false false false false false X 5 3 true false false false false true false true true false false false true true true true false true false false false false NC X Jay W Faison 7049450487 1355 Greenwood Cliff Drive Ste 400 Charlotte NC 28204 Jay W Faison President 5.0 1.0 X X 0 19354 0 Bert Davis Board Member 2.0 X 0 0 0 Bill Clements Board Member 2.0 X 0 0 0 Dana Ring Board Member 2.0 X 0 237362 29331 Jeremy Harrell Board Member 2.0 38.0 X 0 667057 59330 Matthew Eby Board Member 2.0 38.0 X 0 53077 972 Rich Powell Board Member 2.0 38.0 X 0 253530 30071 Mark T Bruinooge Chief Financial Officer 2.0 X 0 0 0 0 1230380 119704 0 false true false Watermark Services LLC 1355 Greenwood Cliff Suite 400 Charlotte NC 28204 Financial advisory, accounting and general 1444840 New Media Advisors 931 Cambridge Hall Loop Apex NC 27539 Marketing 112533 2 0 0 0 0 0 0 422386 38822 383564 0 0 17807932 17425191 382741 0 382741 382741 0 0 0 0 0 0 805127 0 38822 766305 12784227 12784227 5460 5460 40953 40953 1444840 1444840 148649 148649 0 0 5392 5392 974 974 20554 20554 21367 21367 11470 11470 UBI Income Tax 183617 183617 Methane 25575 25575 Subscription Expense 2795 2795 0 0 0 0 14695873 13165417 1530456 0 2172920 749974 2 0 0 0 0 7581945 8999424 678658 330000 0 0 0 0 1711806 958888 86439966 77950772 1354881 1791830 109784 0 100049962 90780888 344689 107424 0 0 54529 95 399218 107519 X 99650744 90673369 99650744 90673369 100049962 90780888 -13890746 5209704 -296333 0 X false false false X X X 3 Clearpath Inc 825026325 7 true 1133387 0 National Christian Charitable Foundation Inc 581493949 7 true 120000 0 1st Street Foundation Inc 814308701 7 true 200000 0 3 1453387 0 false false false false false false false false false false false false false false false true false Schedule A, Part IV, Section A, Line 1 Supported Orgs Listed By Name 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. Closely-held equity interests Financial derivatives Investments in various non-publicaly traded partnerships and corporations 77950772 F 77950772 Federal Income Taxes Credit Card Payable 95 95 X Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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 authorities as of December 31, 2024. No liabilities for uncertain income tax positions were recorded as of December 31, 2024. Central America and the Caribbean 0 0 Investments 32962068 0 0 0 0 0 0 32962068 0 32962068 true false false false true false true Clearpath Inc 611 Maryland Avenue NE Washington DC 20002 825026325 501(C)(3) 1133387 SUPPORT FOR CLEAN ENERGY INNOVATION INITIATIVES National Christian Charitable Foundation Inc 11625 Rainwater Drive Suite 500 Alpharetta GA 30009 581493949 501(C)(3) 120000 SUPPORT FAITH BASED INITIATIVES 1st Street Foundation 32 Bridge St Bsmt 3 Brooklyn NY 11201 814308701 501(C)(3) 200000 TO MAKE CLIMATE RISK ACCESSIBLE, EASY TO UNDERSTAND AND ACTIONABLE FOR INDIVIDUALS, GOVERNMENTS, AND INDUSTRY. American Flood Coalition Inc 1501 M ST NORTHWEST STE 430 Washington DC 20005 831940124 501(C)(3) 861111 SUPPORT OF COMMUNITY INITIATIVES Goldman Sachs Philanthropy Fund 200 West Street 15th Floor New York NY 10282 311774905 501(C)(3) 9234729 SUPPORT OF COMMUNITY INITIATIVES Schwab Charitable Fund 211 Main Street San Francisco CA 94105 311640316 501(C)(3) 650000 SUPPORT OF COMMUNITY INITIATIVES American Conservation Coalition PO Box 371 Appleton WI 54912 823815628 501(C)(3) 245000 Promote methane awareness and education Carolina Immigration Law 4514 Coburn Ct Charlotte NC 28277 934406237 501(C)(3) 300000 Provides immigration legal services to persons who are otherwise financially incapable of obtaining such services. Dilworth Center 2240 Park Road Charlotte NC 28203 562130300 501(C)(3) 5000 Provides effective and affordable treatment services for individuals and families affected by alcoholism and drug addiction Joseph Rainey Center for Public Policy 611 Pennsylvania AVE SE 477 Washington DC 20003 824929758 501(C)(3) 10000 Public policy research and leadership development community by and for women, minorities, and mavericks Foundation for the Carolinas 220 N Tryon St Charlotte NC 28202 566047886 501(C)(3) 25000 McColl Park 11 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds The organization maintains records to substantiate the amount of grants and the selection criteria used to award the grants. X false false false false false false false false false Rich Powell Board Member 0 253530 0 0 0 0 0 8171 0 21900 0 283601 0 0 Dana Ring Board Member 0 218278 0 19084 0 0 0 16847 0 12484 0 266693 0 0 Jeremy Harrell Board Member 0 550606 0 116451 0 0 0 21858 0 37472 0 726387 0 0 Mark Bruinooge Officer 1444840 Financial advisory, accounting and general false Schedule L, Part IV Mark T Bruinooge owned majority interest in Watermark Services, LLC. During 2024 Watermark Services, LLC provided financial advisory, accounting and general management services to the organization. Form 990, Part VI, Line 15 The President reviews all salaries & compensation annually. The Board of Directors approve the budgets. Comparability data is used in the compensation planning process. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Jay Faison and Mark Bruinooge - Business relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body Jay Faison shall have the right to appoint two Directors. The Supported Organization Directors shall each be a person who is not a "disqualified person" as that term is described in section 4946 of the Internal Revenue Code. Form 990, Part VI, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy Management monitors conflicts 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 Organizations activities. Form 990, Part VI, Line 19 Required documents available to the public The Organization's documents are available upon request. Spark Holdings LLC 1355 Greenwood Cliff Drive Ste 301 Charlotte NC 28204 454359460 Investment NC 0 0 2040 Foundation Inc Clearpath Inc 611 Maryland Avenue NE Washington DC 20002 463891359 Charitable DC 501(c)(3) 7 NA false National Christian Charitable Foundation Inc 11625 Rainwater Drive Suite 500 Alpharetta GA 30009 581493949 Charitable GA 501(c)(3) 7 NA false 1st Street Foundation Inc 32 Bridge St Bsmt 3 Brooklyn NY 11201 814308701 Charitable NY 501(c)(3) 7 NA false CLEARPATH ACTION FOR CONSERVATIVE CLEAN ENERGY INC 1355 Greenwood Cliff Rd Ste 400 Charlotte NC 28204 811363692 Clean Energy Advocacy NC 501(c)(4) NA false Watermark Capital I Offshore LTD PO Box 1348 Grand Cayman CJ KY11108 Investment CJ 2040 Foundaton Inc C Corporation 0 0 1 true false true false false false false false false false false false false false false false false false false false