Nonprofit · EIN 86-2644198
NORTH CAROLINA CLEAN ENERGY FUND
Tax-exempt · RALEIGH, NC 27613
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,645,749 | $1,479,253 | $166,496 | $12,980,908 | $10,125,000 | $2,855,908 |
| June 30, 2024 | 990 | $2,448,635 | $507,413 | $1,941,222 | $2,758,549 | $69,137 | $2,689,412 |
| June 30, 2023 | 990 | $679,170 | $146,094 | $533,076 | $797,145 | $48,305 | $748,840 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,404,864
- Program service revenue
- $0
- Investment income
- $240,885
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $190,938
- Other salaries and wages
- $608,415
- Salaries, compensation and benefits (total)
- $950,212
- Professional fundraising fees
- $0
- Legal fees
- $13,455
- Accounting fees
- $72,521
- Travel
- $17,166
- Depreciation
- $3,305
- Program services (functional)
- $1,317,937
- Management and general (functional)
- $152,552
- Fundraising (functional)
- $8,764
Balance sheet and other
- Total assets, start of year
- $2,758,549
- Total assets, end of year
- $12,980,908
- Total liabilities, end of year
- $10,125,000
- Net assets, end of year
- $2,855,908
- Land, buildings and equipment
- $3,979
- Net assets without donor restrictions
- $1,977,372
- Net assets with donor restrictions
- $878,536
- Gross receipts
- $1,645,749
- Employees
- 10
- Volunteers
- 0
- Year formed
- 2020
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER WEISS | CO-DIRECTOR Officer | 40 | $76,951 | $21,700 |
| MELISSA MALKIN-WEBER | CO-DIRECTOR Officer | 40 | $72,608 | $19,678 |
| BRIDGET HERRING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NORA BARGER | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EVERETTE WINSLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MOZINE LOWE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUAN CANAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS TEETER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| DAVID GODSCHALK | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STACEY WASHINGTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER WEISS | CO-DIRECTOR Officer | 40 | $104,400 | $6,525 |
| MELISSA MALKIN-WEBER | CO-DIRECTOR Officer | 40 | $99,702 | $6,279 |
| TYLER NORRIS | BOARD MEMBER Trustee or director, Officer | 1 | $0 | $0 |
| AJULO OTHOW | BOARD VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| EVERETTE WINSLOW | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BRIDGET HERRING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NORA BARGER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MOZINE LOWE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JUAN CANAL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRIS TEETER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JENNIFER WEISS | CO-DIRECTOR AFTER 3/1/23 Officer | 40 | $45,000 | $150 |
| MELISSA MALKIN-WEBER | CO-DIRECTOR AFTER 3/15/23 Officer | 40 | $39,375 | $150 |
| JENNIFER WEISS | BOARD CHAIR THUR 3/1/23 Trustee or director, Officer | 2 | $0 | $0 |
| MELISSA MALKIN-WEBER | VICE CHAIR THRU 3/1/23 Trustee or director, Officer | 2 | $0 | $0 |
| AJULO OTHOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIDGET HERRING | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TYLER NORRIS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ARMEER KENCHEN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MOZINE LOWE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| EVERETTE WINSLOW | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 8105 HALETHORPE DR, RALEIGH, NC 27613-4241
- Principal officer (990 for 2024)
- JENNIFER WEISS, 8105 HALETHORPE DR, RALEIGH, NC 27613
- Signed the 990
- JENNIFER WEISS, DIRECTOR
- Phone
- (504) 606-8148
- Website
- HTTPS://CEFCAROLINAS.ORG/
- Return prepared by
- MPCOMPANY LLP
Mission
OUR MISSION IS TO ACCELERATE INVESTMENT IN CLEAN AND EFFICIENT ENERGY SOLUTIONS AND INCREASE CLIMATE RESILIENCE IN NORTH AND SOUTH CAROLINA, PARTICULARLY TO THE BENEFIT OF UNDERSERVED POPULATIONS.
Program accomplishments
- PARTNER WITH PUBLIC AND PRIVATE INVESTORS, FOUNDATIONS, AND OTHER NONPROFIT AND COMMUNITY ORGANIZATIONS TO DEPLOY SUSTAINABLE FINANCING SOLUTIONS THAT WILL CREATE LONG-LASTING ENVIRONMENTAL, ECONOMIC, AND SOCIAL BENEFITS. THIS INCLUDES WORKING THE NC STATE ENERGY OFFICE AND OTHER GOVERNMENTAL AGENCES TO DEVELOP AFFORDABLE FINANCING OPTIONS THROUGHOUT THE STATE.Expenses $1,317,937
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 86-2644198
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2022
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $12,980,908
- Income (IRS master file)
- $1,645,749
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,645,749 | $1,479,253 | $12,980,908 | IRS |
| 990 | June 2024 | $2,448,635 | $507,413 | $2,758,549 | XML |
| 990 | June 2023 | $679,170 | $146,094 | $797,145 | XML |
| 990 | June 2022 | $220,000 | $4,236 | $219,964 | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 86-2644198).
Questions about NORTH CAROLINA CLEAN ENERGY FUND
- What is the EIN of NORTH CAROLINA CLEAN ENERGY FUND?
- The employer identification number (EIN) of NORTH CAROLINA CLEAN ENERGY FUND is 86-2644198.
- Is NORTH CAROLINA CLEAN ENERGY FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
- Are donations to NORTH CAROLINA CLEAN ENERGY FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does NORTH CAROLINA CLEAN ENERGY FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NORTH CAROLINA CLEAN ENERGY FUND due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NORTH CAROLINA CLEAN ENERGY FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of NORTH CAROLINA CLEAN ENERGY FUND?
- The 990 for the year ended June 30, 2025 names JENNIFER WEISS.
- Who are the officers and directors of NORTH CAROLINA CLEAN ENERGY FUND?
- The 990 for the year ended June 30, 2025 lists 10 people; 2 received compensation from the organization, the highest $76,951 (JENNIFER WEISS, CO-DIRECTOR).
- How much revenue does NORTH CAROLINA CLEAN ENERGY FUND have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,645,749, expenses of $1,479,253 and total assets of $12,980,908 at year end.
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