Renewable Energy Alaska Project
- Assets
- $689.4k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 8
- Location
- Anchorage, AK
- Founding
- 05/2008
- Data as of
- 12/2021
- EIN
- 26-0484527
Organization Overview
Renewable Energy Alaska Project is located in Anchorage, AK. The organization was established in 2008. 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 12/2021, Renewable Energy Alaska Project employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Renewable Energy Alaska 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 12/2021, Renewable Energy Alaska Project generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 5.8% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO FACILITATE THE INCREASED DEVELOPMENT OF RENEWABLE ENERGY AND ENERGY EFFICIENCY IN ALASKA THROUGH COLLABORATION, EDUCATION, TRAINING, AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIPS AND COLLABORATION - REAPS PARTNERSHIPS AND COLLABORATIONS PULL TOGETHER THE STATES ENERGY LEADERS, ALONG WITH EXPERTS FROM AROUND THE UNITED STATES AND WORLDWIDE TO COME UP WITH INNOVATIVE SOLUTIONS TO ALASKAS GREATEST ENERGY ISSUES OF TODAY AND TOMORROW. THIS PROGRAM INCLUDES THE ALASKA NETWORK FOR ENERGY EDUCATION AND EMPLOYMENT, THE SUSTAINABLE SOUTHEAST PARTNERSHIP, THE ENERHY TRANSITION INITIATIVE PARTNERSHIP PROJECT, AND THE ALASKA WIND WORKING GROUP.
STEM EDUCATION - REAPS STEM EDUCATION PROGRAM DIRECTLY REACHED K-12 STUDENTS VIA CLASSROOM VISITS TO TEACH SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH THROUGH THE USE OF CLEAN ENERGY. FURTHER EFFORTS INCLUDE TEACHER TRAININGS, EXTRACURRICULAR CAMPS AND COMPETITIONS, AND INDIVIDUALIZED PROGRAMS AND KITS. THIS PROGRAM INCLUDES WORK WITH THE ALASKA HOUSING FINANCE CORPORATION TO PROMOTE THE AK ENERGY SMART CURRICULUM, THE WIND FOR SCHOOLS CURRICULUM, AND WORK SUPPORTED BY THE OFFICE OF NAVAL RESEARCH.
ADVOCACY AND OUTREACH - REAPS ADVOCACY AND OUTREACH PROGRAM STRIVES TO REACH AND EDUCATE ALASKAS ENERGY DECISION MAKERS ALONG WITH THE GENERAL PUBLIC TO PROMOTE ENERGY LITERACY AND ULTIMATELY LEAD TO INFORMED CHOICES ABOUT ALASKAS ENERGY FUTURE. THIS PROGRAM INCLUDES ADVOCACY WORK SURROUNDING RAILBELT GRID REFORM AND GREEN BANKS, AND OUTREACH EFFORTS SUCH AS THE ENERGY SPEAKER SERIES AND PRESENTATIONS TO A WIDE VARIETY OF GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Rose Executive Dir. | Officer | 49 | $159,105 |
Scott Waterman Chairman | OfficerTrustee | 1 | $0 |
Bill Stamm Secretary | OfficerTrustee | 1 | $0 |
Erin Mckittrick Vice Chair | OfficerTrustee | 1 | $0 |
Frances Ball Treasurer | OfficerTrustee | 1 | $0 |
Matt Bergan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $52,500 |
| Fundraising events | $15,336 |
| Related organizations | $0 |
| Government grants | $701,711 |
| All other contributions, gifts, grants, and similar amounts not included above | $288,795 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,058,342 |
| Total Program Service Revenue | $236,768 |
| Investment income | $310 |
| 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 | $1,295,420 |
| 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. | $194,475 |
| Compensation of current officers, directors, key employees. | $11,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $421,259 |
| Pension plan accruals and contributions | $87,985 |
| Other employee benefits | $13,080 |
| Payroll taxes | $50,886 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,679 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $130,000 |
| Advertising and promotion | $304 |
| Office expenses | $7,109 |
| Information technology | $5,819 |
| Royalties | $0 |
| Occupancy | $28,024 |
| Travel | $10,411 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,511 |
| Insurance | $6,186 |
| All other expenses | $7,294 |
| Total functional expenses | $1,026,786 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $102,129 |
| Savings and temporary cash investments | $89,753 |
| Pledges and grants receivable | $145,696 |
| Accounts receivable, net | $95,026 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,480 |
| Prepaid expenses and deferred charges | $1,884 |
| Net Land, buildings, and equipment | $12,162 |
| Investments—publicly traded securities | $241,254 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $689,384 |
| Accounts payable and accrued expenses | $92,703 |
| 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 | $0 |
| Total liabilities | $92,703 |
| Net assets without donor restrictions | $544,002 |
| Net assets with donor restrictions | $52,679 |
| 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 | $689,384 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Renewable Energy Alaska Project has recieved totaling $168,733.
| Awarding Organization | Amount |
|---|---|
True North Foundation Grass Valley, CA PURPOSE: GENERAL SUPPORT | $75,000 |
Alaska Conservation Foundation Anchorage, AK PURPOSE: COLLECTIVE CONSERV. | $50,000 |
Spruce Root Inc Juneau, AK PURPOSE: CATALYST SUPPORT | $20,000 |
Harder Foundation Naples, FL PURPOSE: GENERAL SUPPORT | $10,000 |
Korndrop Family Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $5,500 |
Endowment Analysis
| Beg. Balance | $109,235 |
| Net Contributions | $50,000 |
| Other Expense | $106,556 |
| Ending Balance | $52,679 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breakthrough Energy Catalyst Foundation Kirkland, WA | $96,543,339 | $34,510,785 |
Northwest Energy Efficiency Council Seattle, WA | $2,426,845 | $2,193,570 |
Sustainable Energy For Galena Alaska Galena, AK | $263,318 | $972,661 |
Renewable Energy Alaska Project Anchorage, AK | $689,384 | $1,295,420 |
The Sustainable Living Center Walla Walla, WA | $170,305 | $884,284 |
Spark Northwest Seattle, WA | $744,607 | $966,398 |
Burn Design Lab Vashon, WA | $1,152,473 | $1,466,504 |
Coltura Seattle, WA | $128,354 | $285,328 |
Olympia Community Solar Olympia, WA | $338,622 | $541,383 |
Smart Buildings Center Education Program Seattle, WA | $268,428 | $143,677 |
Earth Givers Inc Olympia, WA | $60,400 | $0 |
Alaska Heat Smart Juneau, AK | $166,892 | $0 |