The Climate Equity Fund

Legal name: Climate and Clean Energy Equity Fund

Nonprofit profile at a glance

EIN
874680230
IRS 990 coverage
2023–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024, Form 990-N 2022
Location
Washington, D.C., USA
Phone
(202) 844-6333
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Official website

Reported finances

Revenue
$29,514,763
Expenses
$25,704,998
Assets
$52,576,211
Liabilities
$10,490,960

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • ROGER KIM CHIEF EXECUTIVE (OFFICER & PRESIDENT - UNTIL 04/24)
  • BRADY WILKENSHAW INTERIM (PRESIDENT - AS OF 04/24)
  • JILLIAN MURPHY CHIEF OF STAFF (INTERIM EXECUTIVE DIRECTOR)

Highest reported compensation

  • SANGITA S DHUNGANA (COO - UNTIL 06/2024): $332,290 total reported compensation
  • ROGER KIM CHIEF EXECUTIVE (OFFICER & PRESIDENT - UNTIL 04/24): $311,064 total reported compensation
  • JODEEN TAYLOR (VP, STRATEGIC PARTNERSHIPS): $303,393 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The Climate and Clean Energy Equity Fund provides strategic grants, capacity building, donor advising, and technical assistance to scale a proven model for securing climate action that advances economic, racial, and gender equity through community-supported solutions.

What it reported doing in 2024

Grant programs: the equity fund provides catalytic and sustained funding, capacity-building, and technical assistance to multi-issue community-based organizations. We champion community-supported solutions that deliver equitable economic opportunities and address disparities in health, housing and job quality through a transition to clean energy.our grantmaking supports over 170 community partners across rural, urban and suburban geographies to lead large-scale advocacy, strategic communications, and nonpartisan civic engagement initiatives. We have raised more than $230 million to support more than 300 organizations in 13 states.

Operating model

Revenue model
Donor-supported. 95% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 82% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Revenue has declined or grown slowly and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 72
  • Accountability: 72
  • Sustainability: 62
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 71.8%; rating input score 72
  • Program expense ratio: 80.9%; rating input score 81
  • Fundraising efficiency: $30.55 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 66.7%; rating input score 67; 11th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 12.9%; rating input score 73; 73rd percentile among comparable filings
  • Total-asset coverage ratio: 2.05; rating input score 62; 62nd percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 59; 59th percentile among comparable filings
  • Officer compensation ratio: 9.6%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 191.9% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: -27.9% per year; rating input score 0; 0th percentile among comparable filings
  • Asset growth: 30.3% per year; rating input score 100; 96th percentile among comparable filings

Details

  • What they do: 5 programs and campaigns described on the official site · 14 operating locations identified
  • Where the money goes: 71.8% of revenue deployed · 80.9% of spending went to programs
  • Governance: 2 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $20.8M in reported program spending
  • Leadership: top reported pay $332K · 11 people listed · 1 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $1.2M reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 102 filed money-flow records
  • Related organizations: 93 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.

  • High — Growth: Revenue growth scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 22/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Review — Sustainability: Liabilities to assets ratio scored 59/100.