Edison Electric Institute
- Assets
- $217.5m
- Revenue
- $86.1m
- Investments
- $0.0
- Employees
- 211
- Location
- Washington, DC
- Founding
- 07/1942
- Data as of
- 12/2022
- EIN
- 13-0659550
Organization Overview
Edison Electric Institute is located in Washington, DC. The organization was established in 1942. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Edison Electric Institute employed 211 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edison Electric Institute is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Edison Electric Institute generated $86.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $83.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Edison Electric Institute has awarded 568 individual grants totaling $13,170,446. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE EDISON ELECTRIC INSTITUTE (EEI) IS THE ASSOCIATION THAT REPRESENTS ALL U.S. INVESTOR-OWNED ELECTRIC COMPANIES. OUR MEMBERS PROVIDE ELECTRICITY FOR MORE THAN 250 MILLION AMERICANS, AND OPERATE IN ALL 50 STATES AND THE DISTRICT OF COLUMBIA. THE ELECTRIC POWER INDUSTRY SUPPORTS MORE THAN 7 MILLION JOBS IN COMMUNITIES ACROSS THE UNITED STATES. IN ADDITION TO OUR U.S. MEMBERS, EEI HAS MORE THAN 65 INTERNATIONAL ELECTRIC COMPANIES AS INTERNATIONAL MEMBERS AND HUNDREDS OF INDUSTRY SUPPLIERS AND RELATED ORGANIZATIONS AS ASSOCIATE MEMBERS. ORGANIZED IN 1933, EEI PROVIDES PUBLIC POLICY LEADERSHIP, STRATEGIC BUSINESS INTELLIGENCE, AND ESSENTIAL CONFERENCES AND FORUMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CLEAN ENERGY ACTIVITIES: EEI AND OUR MEMBER COMPANIES ARE WORKING TO GET THE ENERGY WE PROVIDE AS CLEAN AS WE CAN AS FAST AS WE CAN, WITHOUT COMPROMISING THE RELIABILITY AND AFFORDABILITY THAT ARE ESSENTIAL TO THE CUSTOMERS AND COMMUNITIES WE SERVE. EEI IS FOCUSED ON A NUMBER OF ISSUES AND ACTIVITIES RELATED TO THE CLEAN ENERGY TRANSFORMATION, INCLUDING ONGOING CLEAN ENERGY DEPLOYMENT AND EMISSIONS REDUCTIONS; THE NEED FOR A DIVERSE MIX OF GENERATION SOURCES; ENVIRONMENTAL REGULATIONS AND POLICIES; RESEARCH AND DEVELOPMENT FUNDING FOR THE RANGE OF NEW, CARBON-FREE TECHNOLOGIES NEEDED TO ACHIEVE LONG TERM CLEAN ENERGY GOALS; AND INTERCONNECTION POLICIES. THESE PROGRAMS AND ACTIVITIES RELATE TO EEI'S MISSION AS THE ASSOCIATION OF INVESTOR-OWNED ELECTRIC COMPANIES.
GRID MODERNIZATION ACTIVITIES: EEI'S MEMBER COMPANIES INVEST SIGNIFICANT CAPITAL TO MAKE THE ENERGY GRID STRONGER, SMARTER, CLEANER, MORE DYNAMIC, AND MORE SECURE. EEI IS FOCUSED ON GRID MODERNIZATION ACTIVITIES AND POLICIES TO ENHANCE THE VALUE, RELIABILITY, AND RESILIENCE OF THE GRID, INCLUDING THE NEED FOR INCREASED TRANSMISSION; ONGOING GRID TECHNOLOGY INVESTMENTS; THE CYBER AND PHYSICAL SECURITY OF THE GRID; AND THE PLANNING, BUILDING, AND OPERATION OF THE DISTRIBUTION SYSTEM. THESE PROGRAMS AND ACTIVITIES RELATE TO EEI'S MISSION AS THE ASSOCIATION OF INVESTOR-OWNED ELECTRIC COMPANIES.
CUSTOMER ACTIVITIES: EEI'S MEMBER COMPANIES ARE COMMITTED TO DELIVERING RELIABLE, AFFORDABLE, AND RESILIENT CLEAN ENERGY TO THE CUSTOMERS AND COMMUNITIES THEY SERVE. EEI'S CUSTOMER ACTIVITIES ARE FOCUSED ON HELPING MEMBER COMPANIES MEET CHANGING CUSTOMER ENERGY NEEDS; ON ENSURING THAT ELECTRIC COMPANIES ARE ABLE TO OFFER THE PRODUCTS AND SERVICES THAT CUSTOMERS WANT GIVEN CHANGES IN TECHNOLOGY, POLICY, AND CUSTOMER PREFERENCES; AND ON STREAMLINING AND ENHANCING CUSTOMER ASSISTANCE. THIS INCLUDES CORPORATE CUSTOMER SUSTAINABLE AND RELIABLE ENERGY SOLUTIONS; RESIDENTIAL CUSTOMER ENERGY MANAGEMENT SOLUTIONS, SERVICE ENHANCEMENTS, AND STREAMLINED ASSISTANCE; MILITARY CUSTOMER ENERGY SOLUTIONS; AND CUSTOMER-RELATED ELECTRIC TRANSPORTATION SOLUTIONS. THESE PROGRAMS AND ACTIVITIES RELATE TO EEI'S MISSION AS THE ASSOCIATION OF INVESTOR-OWNED ELECTRIC COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Kuhn President | Officer | 43 | $3,669,800 |
Kathryn Steckelberg Former Officer | 0 | $2,561,108 | |
Quinlan Shea Former Officer | 0 | $2,165,069 | |
Brian Wolff Evp, Public Policy & External Affairs | Officer | 44 | $1,282,450 |
James Owen Former Officer | 0 | $1,475,217 | |
Philip Moeller Evp, Business Operations Group & Regulatory Affair | Officer | 45 | $1,123,639 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Venable Llp Consulting | 12/30/22 | $2,831,167 |
Psi Services Llc Consulting | 12/30/22 | $1,563,315 |
Vinson & Elkins Llp Consulting | 12/30/22 | $820,641 |
Nossaman Consulting | 12/30/22 | $720,885 |
O'keefe Communications Llc Consulting | 12/30/22 | $452,796 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $85,738,661 |
| Investment income | $2,847,253 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,447,343 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $86,138,571 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,242,581 |
| 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. | $17,621,598 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $6,351,354 |
| Other salaries and wages | $14,605,772 |
| Pension plan accruals and contributions | -$4,518,897 |
| Other employee benefits | $3,626,036 |
| Payroll taxes | $1,876,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $5,220,164 |
| Fees for services: Accounting | $140,908 |
| Fees for services: Lobbying | $1,658,753 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $379,437 |
| Fees for services: Other | $9,786,987 |
| Advertising and promotion | $130,640 |
| Office expenses | $933,387 |
| Information technology | $2,354,128 |
| Royalties | $814 |
| Occupancy | $5,664,664 |
| Travel | $2,213,213 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $13,929 |
| Conferences, conventions, and meetings | $8,451,484 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,280,367 |
| Insurance | $229,389 |
| All other expenses | $479,700 |
| Total functional expenses | $83,221,688 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $618,487 |
| Savings and temporary cash investments | $28,634,008 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,000,368 |
| 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 | $1,272,001 |
| Net Land, buildings, and equipment | $5,912,925 |
| Investments—publicly traded securities | $120,141,720 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $58,961,800 |
| Total assets | $217,541,309 |
| Accounts payable and accrued expenses | $15,222,998 |
| Grants payable | $0 |
| Deferred revenue | $28,059,750 |
| 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 | $121,998,220 |
| Total liabilities | $165,280,968 |
| Net assets without donor restrictions | $52,260,341 |
| 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 | $217,541,309 |
Grants Awarded
Over the last fiscal year, Edison Electric Institute has awarded $2,022,696 in support to 89 organizations.
| Grant Recipient | Amount |
|---|---|
AFRICAN AMERICAN MAYORS ASSOCIATION INC PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $15,000 |
ALL HAZARDS CONSORTIUM INC PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $25,000 |
ALLIANCE TO SAVE ENERGY PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $30,000 |
ALZHEIMER'S DISEASE & RELATED DISORDERS ASSOCIATION INC PURPOSE: CORPORATE RESPONSIBILITY | $16,946 |
AMERICAN ASSOCIATION OF BLACKS IN ENERGY PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $30,000 |
AMERICAN COUNCIL FOR CAPITAL FORMATION PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $18,500 |