Nextenergy Center
- Assets
- $5.7m
- Revenue
- $4.6m
- Investments
- $0.0
- Employees
- 10
- Location
- Detroit, MI
- Founding
- 09/2003
- Data as of
- 09/2023
- EIN
- 02-0648628
Organization Overview
Nextenergy Center is located in Detroit, MI. The organization was established in 2003. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 09/2023, Nextenergy Center employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nextenergy Center 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 09/2023, Nextenergy Center generated $4.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $4.6m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Nextenergy Center has awarded 93 individual grants totaling $5,352,856. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
NEXTENERGY WORKS WITH INNOVATORS TO ACCELERATE SMARTER, CLEANER, MORE ACCESSIBLE COMMUNITIES AND CITIES. NEXTENERGY IS A CONVENER, COLLABORATOR AND SERVICE PROVIDER ACCELERATING THE DEVELOPMENT AND GROWTH OF SMART GRID AND SMART MOBILITY COMPANIES, TECHNOLOGIES, AND INDUSTRIES WITH AN AIM OF CREATING MORE SUSTAINABLE CITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL PROGRAMS - TO DEVELOP AND EXECUTE CONSORTIA-BASED RESEARCH AND DEVELOPMENT PROGRAMS TO ACCELERATE THE COMMERCIALIZATION OF ADVANCED ENERGY TECHNOLOGIES AND SYSTEMS.
FOUNDATIONS - TO SUPPORT THE ORGANIZATION'S CORE MISSION THROUGH CAPACITY BUILDING AND/OR PROGRAM FUNDING; PROGRAM FUNDS HAVE BEEN PROVIDED TO ADVANCE SMART CITY TECHNOLOGIES IN THE CITY OF DETROIT AND TO SUPPORT TECHNOLOGY CHALLENGES.
STATE PROGRAMS - TO SUPPORT THE ORGANIZATION'S MISSION THROUGH FACILITATION OF RESEARCH, INDUSTRY DEVELOPMENT, AND DEMONSTRATION PROGRAMS WITHIN ADVANCED TECHNOLOGY APPLICATIONS AND INDUSTRIES.
DEMONSTRATION CENTER - TO MAINTAIN A FACILITY WHICH WILL PROVIDE TESTING, DEMONSTRATION AND VALIDATION CONSULTING SERVICES FOR EMERGING SMART GRID AND SMART MOBILITY TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lizabeth Ardisana Board Chair | OfficerTrustee | 2 | $0 |
Steven Hilfinger Secretary-Treasurer | OfficerTrustee | 2 | $0 |
Eric Shreffler Director | Trustee | 2 | $0 |
John Hale III Director | Trustee | 2 | $0 |
Kellee Christensen Director | Trustee | 2 | $0 |
Marco Bruzzano Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Testnet Canada Inc Hydrogen Gas Hose Testing | 9/29/23 | $249,340 |
Public Sector Consultants Website Maintenace & Support, Newsletter | 9/29/23 | $206,399 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,431,640 |
| All other contributions, gifts, grants, and similar amounts not included above | $127,351 |
| Noncash contributions included in lines 1a–1f | $126,826 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,558,991 |
| Total Program Service Revenue | $0 |
| Investment income | $52,700 |
| 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 | $4,611,725 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,259,538 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $95,051 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $248,620 |
| Compensation of current officers, directors, key employees. | $37,071 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $664,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $66,161 |
| Payroll taxes | $70,196 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $90,263 |
| Fees for services: Accounting | $106,205 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $127,783 |
| Office expenses | $89,857 |
| Information technology | $5,823 |
| Royalties | $0 |
| Occupancy | $262,385 |
| Travel | $34,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,042 |
| Interest | $4,166 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $29,287 |
| Insurance | $33,008 |
| All other expenses | $37,672 |
| Total functional expenses | $4,578,580 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,727,652 |
| Savings and temporary cash investments | $927,281 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,988,772 |
| 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 | $14,250 |
| Net Land, buildings, and equipment | $163,051 |
| Investments—publicly traded securities | $454,620 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $422,208 |
| Total assets | $5,697,834 |
| Accounts payable and accrued expenses | $2,147,993 |
| 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 | $169,079 |
| Total liabilities | $2,317,072 |
| Net assets without donor restrictions | $3,380,762 |
| Net assets with donor restrictions | $0 |
| 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 | $5,697,834 |
Grants Awarded
Over the last fiscal year, Nextenergy Center has awarded $2,081,092 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
ABLELINK SMART LIVING TECHNOLOGIES PURPOSE: TO SUPPORT TECHNOLOGY DEMONSTRATIONS IN THE UNITED STATES. | $27,300 |
ADAPTABLE POWERFUL TRANSFORMATIVE SOLAR SOLUTIONS LLC PURPOSE: TO SUPPORT TECHNOLOGY DEMONSTRATIONS IN THE UNITED STATES. | $98,525 |
AMERICAN CENTER FOR MOBILITY PURPOSE: TO SUPPORT TECHNOLOGY DEMONSTRATIONS IN THE UNITED STATES. | $57,000 |
BAY MILLS INDIAN COMMUNITY PURPOSE: TO SUPPORT TECHNOLOGY DEMONSTRATIONS IN THE UNITED STATES. | $18,707 |
CHARGEWAY INC PURPOSE: TO SUPPORT TECHNOLOGY DEMONSTRATIONS IN THE UNITED STATES. | $82,268 |
ECAMION USA INC PURPOSE: TO SUPPORT TECHNOLOGY DEMONSTRATIONS IN THE UNITED STATES. | $86,690 |