Necec Institute Inc

Organization Overview

Necec Institute Inc is located in Boston, MA. The organization was established in 2009. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Necec Institute Inc 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 12/2021, Necec Institute Inc generated $1.7m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Since 2016, Necec Institute Inc has awarded 22 individual grants totaling $248,500. 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

CREATE A WORLD-CLASS CLEAN ENERGY HUB IN THE NORTHEASTERN UNITED STATES

Describe the Organization's Program Activity:

Part 3 - Line 4a

IN NECEC'S POLICY AND GOVERNMENT AFFAIRS INITIATIVES, THE INSTITUTE LEADS PLANNING AND BROAD EDUCATION AND RELATED EFFORTS, WHILE THE COUNCIL LEADS IN LEGISLATIVE ADVOCACY AND RELATED CONVENINGS. NECEC'S COMBINED POLICY EFFORTS FOCUS ON ADVANCING THE NORTHEAST US'S VALUABLE MARKETS IN:- GRID MODERNIZATION & 21ST CENTURY ELECTRICITY SYSTEM (INCLUDINGRATE CASE INITIATIVES)- DISTRIBUTED CLEAN ENERGY RESOURCES, INCLUDING SOLAR, ENERGYSTORAGE, EFFICIENCY, AND BUILDING TECHNOLOGIES- GRID-SCALE RENEWABLES - ONSHORE WIND, OFFSHORE WIND, GRID-SCALESOLAR- CLIMATE & GREENHOUSE GAS MARKETS- NORTHEAST CLEAN TRANSPORTATION SOLUTIONS


NECEC'S CLEANTECH NAVIGATE NORTHEAST (NAVIGATE) PROGRAM LEVERAGES THE POWER OF NECEC'S NETWORKS TO PROVIDE CLEANTECH STARTUPS ACCESS TO RESOURCES AND BUSINESS SUPPORT TO GROW AND SCALE. WORKING WITH DOZENS OF PARTNER ORGANIZATIONS (THE NAVIGATE INNOVATION PARTNERS) INCLUDING INCUBATORS, ACCELERATORS, AND ASSOCIATIONS, NAVIGATE HELPS PARTNERS AND THEIR PORTFOLIO STARTUPS GET TO THE NEXT STAGE OF THEIR GROWTH THROUGH ITS UNIQUE SERVICES AND EVENTS.


CLEANTECH OPEN IS THE OLDEST AND LARGEST CLEANTECH STARTUP ACCELERATOR PROGRAM, WITH THE MISSION TO FIND, FUND, AND FOSTER ENTREPRENEURS WITH IDEAS TO SOLVE OUR GREATEST ENVIRONMENTAL AND ENERGY CHALLENGES. THROUGH OUR ANNUAL BUSINESS COMPETITION AND ACCELERATOR PROGRAM, WE CONNECT CLEANTECH STARTUPS WITH THE PEOPLE AND RESOURCES THAT WILL ACCELERATE THEIR SUCCESS, AND PROVIDE A NATIONAL PLATFORM FOR PUBLIC VISIBILITY.


COMMUNICATIONS, MEMBERSHIPS, EVENTS AND SPECIAL PROJECTS.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$42,095
Fundraising events$0
Related organizations$0
Government grants $722,642
All other contributions, gifts, grants, and similar amounts not included above$913,468
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,678,205
Total Program Service Revenue$50,082
Investment income $32
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 $1,728,672

Grants Awarded

Over the last fiscal year, Necec Institute Inc has awarded $20,000 in support to 2 organizations.

Grant RecipientAmount

OSMOSES INC

PURPOSE: 2021 CTO Regional Winner

$10,000

PRINCETON NUENERGY INC

PURPOSE: 2021 CTO Regional Winner

$10,000
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Necec Institute Inc has recieved totaling $575,000.

Awarding OrganizationAmount
Barr Foundation

Boston, MA

PURPOSE: CLIMATE: TO EXPAND CLEAN ENERGY IN NEW ENGLAND BY INFORMING POLICY AND REGULATORY DEVELOPMENT

$270,000
Breakthrough Energy Foundation

Kirkland, WA

PURPOSE: Regional Clean Energy Investments

$185,000
E4thefuture

Framingham, MA

PURPOSE: SUPPORT FOR POLICY DEVELOPMENT AND ANALYSIS AND REGULATORY INITIATIVES.

$85,000
$25,000
E4thefuture

Framingham, MA

PURPOSE: TO SUPPORT INCREASED APPLICATION OF THE NSPM FOR DERS IN THE REGION.

$10,000
View Grant Recipient Profile

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