Regulatory Assistance Project
- Assets
- $10.5m
- Revenue
- $8.4m
- Investments
- $0.0
- Employees
- 36
- Location
- Montpelier, VT
- Founding
- 08/1992
- Data as of
- 12/2023
- EIN
- 01-0471151
Organization Overview
Regulatory Assistance Project is located in Montpelier, VT. The organization was established in 1992. According to its NTEE Classification (C40) the organization is classified as: Botanical, Horticultural & Landscape Services, under the broad grouping of Environment and related organizations. As of 12/2023, Regulatory Assistance Project employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Regulatory Assistance Project is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Regulatory Assistance Project generated $8.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $10.5m during the year ending 12/2023. While expenses have increased by 2.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
REGULATORY ASSISTANCE PROJECT (RAP) IS AN INDEPENDENT, GLOBAL ORGANIZATION ADVANCING POLICY INNOVATION, EDUCATION, AND THOUGHT LEADERSHIP WITHIN THE ENERGY COMMUNITY TO CREATE A CLEAN, RELIABLE, EQUITABLE, AND COST-EFFICIENT ENERGY FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNITED STATES: RAP'S EXPERIENCED TEAM OF TECHNICAL EXPERTS ASSIST DECISION-MAKERS NAVIGATE THE COMPLEX ISSUES POSED BY THE ACCELERATING CLEAN ENERGY TRANSFORMATION. AS TRUSTED ADVISORS, WE HELP STATES AND CITIES DEPLOY NEW CLEAN ENERGY TECHNOLOGIES AND BEST PRACTICES, PROTECT SYSTEM RELIABILITY AND CONSUMER INTERESTS, AND IMPROVE ENVIRONMENTAL PERFORMANCE.
INDIA: RAP FOSTERS INNOVATIVE RESEARCH AND PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO ENERGY REGULATORS AND DECISION-MAKERS. WE STIMULATE ROBUST PUBLIC DISCOURSE ON THE POLICIES NEEDED TO MEET INDIA'S CLIMATE AND CLEAN ENERGY GOALS.OTHER REGIONS OUTSIDE OUR CORE FOCUS: WE OCCASIONALLY TAKE ON WORK OUTSIDE OF OUR FOUR MAIN REGIONS IN SITUATIONS WHERE WE CAN HAVE A LASTING IMPACT. WE SEEK LONGER-TERM ENGAGEMENTS IN WHICH OUR DEEP REGULATORY EXPERTISE WILL BENEFIT POLICYMAKERS OR THE NGO COMMUNITY. OUR TEAM CONTEXTUALIZES ITS INTERNATIONAL EXPERTISE TO LOCAL CONDITIONS TO CREATE SUSTAINABLE SOLUTIONS TO LOCAL CHALLENGES. WE FOCUS ON BEST PRACTICES THAT CONSISTENTLY CREATE SUFFICIENT REVENUES TO ENSURE GRID RELIABILITY, DRIVE INVESTMENT IN CLEAN RESOURCES, BALANCE COST ALLOCATION FAIRLY AMONG DISPARATE GROUPS, SEND THE RIGHT PRICE SIGNALS TO CUSTOMERS, AND MOTIVATE PERFORMANCE CONSISTENT WITH PUBLIC POLICY OBJECTIVES.
EUROPE: TO MEET EUROPE'S AGGRESSIVE CLIMATE GOALS, RAP PROVIDES THOUGHT LEADERSHIP AND DATA-INFORMED SOLUTIONS TO DECARBONIZE TRANSPORTATION AND POWER SYSTEMS, PHASE OUT FOSSIL FUEL GASSES, AND IMPROVE ENERGY EFFICIENCY.
CHINA: DRAWING ON OUR GLOBAL EXPERTISE, WE TAILOR ADVANCED ENERGY SOLUTIONS TO PROVINCIAL AND NATIONAL POLICYMAKERS WHEN REQUESTED. OUR EFFORTS SPAN THE BREADTH OF CHINA'S GOALS TO TRANSFORM ITS POWER SECTOR BY INCREASING ENERGY EFFICIENCY, IMPROVING RESOURCE PLANNING, INTEGRATING RENEWABLES INTO THE GRID, REDUCING AIR POLLUTION, AND DESIGNING MARKETS AND EMISSIONS TRADING REGIMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Sedano President & CEO | OfficerTrustee | 40 | $264,041 |
Noelle Mackay Chief Operating Officer | Officer | 40 | $201,219 |
Damali Harding Principal | Officer | 40 | $186,782 |
Max Dupuy Principal | Officer | 40 | $210,607 |
David Farnsworth Principal | Officer | 40 | $202,945 |
Carl B Linvill Principal | Officer | 40 | $202,741 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mp Ensystems Advisory Pvt Ltd Consulting | 12/30/23 | $254,000 |
Mascle Allemand Public Investing Consult Consulting | 12/30/23 | $251,032 |
Aceee Consulting | 12/30/23 | $207,643 |
Shravya Reddy Consulting Pty Ltd Consulting | 12/30/23 | $177,031 |
Monika Morawiecka Consulting | 12/30/23 | $159,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,295,479 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,295,479 |
| Total Program Service Revenue | $1,005,633 |
| Investment income | $116,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $8,418,755 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,454,666 |
| Compensation of current officers, directors, key employees. | $264,371 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,138,372 |
| Pension plan accruals and contributions | $162,709 |
| Other employee benefits | $1,240,062 |
| Payroll taxes | $279,370 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,000 |
| Fees for services: Accounting | $44,728 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,100,461 |
| Advertising and promotion | $0 |
| Office expenses | $55,447 |
| Information technology | $123,823 |
| Royalties | $0 |
| Occupancy | $111,417 |
| Travel | $201,008 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $357,729 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $35,802 |
| All other expenses | -$2,676 |
| Total functional expenses | $10,488,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,930,236 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,116,442 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $90,629 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,371,720 |
| Total assets | $10,509,027 |
| Accounts payable and accrued expenses | $933,393 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,342,292 |
| Total liabilities | $2,275,685 |
| Net assets without donor restrictions | $3,807,109 |
| Net assets with donor restrictions | $4,426,233 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,509,027 |