United States Energy Association Inc
- Assets
- $8.8m
- Revenue
- $13.3m
- Investments
- $0.0
- Employees
- 28
- Location
- Washington, DC
- Founding
- 05/1967
- Data as of
- 12/2022
- EIN
- 13-6219869
Organization Overview
United States Energy Association Inc, operating under the name Usea, is located in Washington, DC. The organization was established in 1967. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2022, Usea employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Usea 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 12/2022, Usea generated $13.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.1% each year. All expenses for the organization totaled $13.0m during the year ending 12/2022. While expenses have increased by 5.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USEA HAS ORGANIZED NUMEROUS "COOPERATIVE PARTNERSHIPS" BETWEEN U.S. ORGANIZATIONS AND COUNTERPARTS IN DEVELOPING AND TRANSITIONAL ECONOMIES. THESE U.S. ORGANIZATIONS HAVE CONVEYED U.S. EXPERIENCES AND BUSINESS REGULATORY PRACTICES TO THESE NATIONS. ACTIVITIES HAVE BEEN CONDUCTED IN LATIN AMERICA, AFRICA, ASIA, THE FORMER SOVIET UNION AND CENTRAL & EASTERN EUROPE. FOCUS AREAS HAVE INCLUDED PETROLEUM EXPLORATION, PRODUCTION AND TRANSPORTATION; NATURAL GAS DISTRIBUTION; AND ELECTRIC POWER PRODUCTION, TRANSMISSION, DISTRIBUTION AND UTILIZATION. PRACTICALLY EVERY ASPECT OF ORGANIZATIONAL OPERATIONS HAS BEEN ADDRESSED IN THESE PROGRAMS.
NON-FEDERAL - USEA ACTIVITIES
USEA, THROUGH COOOPERATIVE AGREEMENTS WITH THE U.S. DEPARTMENT OF ENERGY, SUPPORTS DOE'S PRIMARY MISSION TO ENSURE THE NATION CAN CONTINUE TO RELY ON COAL, OIL, AND NATURAL GAS RESOURCES FOR CLEAN, SECURE, AND AFFORDABLE ENERGY WHILE ENHANCING ENVIRONMENTAL PROTECTION. THESE PROGRAMS, PROMOTING CONSENSUS ON FOSSIL ENERGY TECHNOLOGIES: INTERNATIONAL OIL AND NATURAL GAS, SUPPORTS DOE AND THE U.S. ENERGY INDUSTRY.
THE INDO-PACIFIC ENERGY MARKET INVESTMENT AND MODERIZATION PROGRAM IS A PARTNERSHIP BETWEEN THE U.S. DEPARTMENT OF STATE AND USEA. THE GOAL OF THIS PROGRAM IS TO STRENGTHEN THE ENERGY SECURITY OF U.S. ALLIES AND PARTNERS; CREATE OPEN, EFFICIENT, RULE-BASED, AND TRANSPARENT ENERGY MARKETS; IMPROVE FREE, FAIR, AND RECEIPRICOAL TRADING RELATIONSHIPS, AND EXPAND ACCESS TO AFFORDABLE, RELIABLE ENERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Kearns Coo/cfo | OfficerTrustee | 35 | $625,540 |
Vicky Bailey Executive Chairperson | OfficerTrustee | 2 | $0 |
John Buchovecky Counsel | OfficerTrustee | 2 | $0 |
Robert Gee Treasurer | OfficerTrustee | 2 | $0 |
Merribel Ayres Director | Trustee | 1 | $0 |
Mario Azar Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $12,951,448 |
| 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 | $12,951,448 |
| Total Program Service Revenue | $172,570 |
| Investment income | $81,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $70,498 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,291,221 |
| 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. | $1,921,088 |
| Compensation of current officers, directors, key employees. | $1,188,369 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,463,347 |
| Pension plan accruals and contributions | $197,153 |
| Other employee benefits | $301,802 |
| Payroll taxes | $231,601 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $88,290 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $56,678 |
| Fees for services: Other | $5,390,994 |
| Advertising and promotion | $0 |
| Office expenses | $65,249 |
| Information technology | $66,516 |
| Royalties | $0 |
| Occupancy | $512,181 |
| Travel | $1,230,214 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $76,049 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $36,581 |
| All other expenses | $0 |
| Total functional expenses | $12,982,407 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $282,757 |
| Savings and temporary cash investments | $556,828 |
| Pledges and grants receivable | $1,587,330 |
| Accounts receivable, net | $21,509 |
| 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 | $43,296 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,819,251 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,467,947 |
| Total assets | $8,778,918 |
| Accounts payable and accrued expenses | $1,463,121 |
| Grants payable | $0 |
| Deferred revenue | $12,000 |
| 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 | $1,677,130 |
| Total liabilities | $3,152,251 |
| Net assets without donor restrictions | $5,626,667 |
| 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 | $8,778,918 |