Clearpath Inc

Nonprofit profile at a glance

EIN
825026325
IRS 990 coverage
2018–2025
Forms available
Form 990 2025
Location
Washington, DC, USA
Phone
2029882228
Rating
77
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Research Institutes and/or Public Policy Analysis

Official website

Reported finances

Revenue
$26,628,921
Expenses
$19,771,980
Assets
$24,406,176
Liabilities
$9,184,564

Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • JEREMY HARRELL (CEO)

Highest reported compensation

  • JEREMY HARRELL (CEO): $758,900 total reported compensation
  • CHRISTOPHER TOMASSI (HEAD OF GOVERNMENT AFFAIRS): $556,511 total reported compensation
  • LUCAS BOLAR (CHIEF OF EXTERNAL AFFAIRS): $533,798 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Clearpath's mission is to accelerate american innovation to reduce global energy emissions.

What it reported doing in 2025

Clearpath's mission is to accelerate american innovation to reduce global emissions. The organization advances that mission by advancing cutting-edge policy solutions and enabling the deployment of next-generation technologies across the power, heavy industry, and agriculture sectors.an entrepreneurial and strategic nonprofit, clearpath collaborates with public- and private-sector stakeholders to identify barriers to innovation and advance durable policy solutions that enable the scale-up and deployment of critical technologies. Industry-informed and philanthropically funded, clearpath works to accelerate affordable, lower-emissions production by supporting american innovators and fostering the conditions necessary for private-sector investment and growth.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 77% for direct work, and 23% for grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and reported officer compensation is a large share of total spending, which may reflect staffing concentration.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 83
  • Accountability: 83
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 62%; rating input score 62
  • Program expense ratio: 82.8%; rating input score 83
  • Fundraising efficiency: $44.48 raised per $1 spent on fundraising; rating input score 73; 73rd percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 71.4%; rating input score 71; 11th percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 25.7%; rating input score 81; 81st percentile among comparable filings
  • Total-asset coverage ratio: 1.23; rating input score 35; 35th percentile among comparable filings
  • Liabilities to assets ratio: 0.38; rating input score 35; 35th percentile among comparable filings
  • Officer compensation ratio: 19.8%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: 23.3% per year; rating input score 100; 90th percentile among comparable filings
  • Revenue growth: 25.3% per year; rating input score 100; 95th percentile among comparable filings
  • Asset growth: 32.8% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 62% of revenue deployed · 82.8% of spending went to programs
  • Governance: 5 of 7 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $16.4M in reported program spending
  • Leadership: top reported pay $759K · 14 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $955K reported
  • Consistency: 36 of 36 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 7 filing years from 2018 to 2025
  • Contacts: How to reach this organization
  • Money network: 26 filed money-flow records
  • Related organizations: 18 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Total-asset coverage ratio scored 35/100.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 35/100.