Renewable Energy Alaska Project
- Assets
- $648.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- Anchorage, AK
- Founding
- 05/2008
- Data as of
- 12/2022
- 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 12/2022, Renewable Energy Alaska Project employed 12 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 12/2022, Renewable Energy Alaska Project generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $1.1m during the year ending 12/2022. While expenses have increased by 6.4% per year over the past 8 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
OUR MISSION IS TO EDUCATE ALASKANS ABOUT THE BENEFITS OF RENEWABLE ENERGY AND TO INCREASE THE PRODUCTION OF RENEWABLE ENERGY IN ALASKA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PARTNERSHIPS AND COLLABORATION - REAP PULLS TOGETHER THE STATE'S ENERGY LEADERS, ALONG WITH EXPERTS FROM AROUND THE UNITED STATES AND WORLDWIDE TO COME UP WITH INNOVATIVE SOLUTIONS TO ALASKA'S GREATEST ENERGY ISSUES OF TODAY AND TOMORROW. THIS PROGRAM INCLUDES THE ALASKA NETWORK FOR ENERGY EDUCATION AND EMPLOYMENT, THE SUSTAINABLE SOUTHEAST PARTNERSHIP, THE ISLANDED GRID RESOURCE CENTER, AND THE ALASKA WIND WORKING GROUP.
OTHER PROGRAM EXPENSES - INITIATIVES TO LAY THE FOUNDATION FOR ALASKA'S CLEAN ENERGY FUTURE.
STEM EDUCATION - THIS PROGRAM IS TO DIRECTLY REACH K-12 STUDENTS VIA CLASSROOM VISITS TO TEACH SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH THROUGH THE USE OF CLEAN ENERGY. FURTHER EFFORTS INCLUDE TEACHER TRAINING, EXTRACURRICULAR CAMPS, COMPETITIONS, AND INDIVIDUALIZED PROGRAMS AND KITS. THIS PROGRAM INCLUDES WORKING WITH THE ALASKA HOUSING FINANCE CORPORATION TO ENACT THE AK ENERGY SMART CURRICULUM, THE WIND FOR SCHOOLS CURRICULUM, AND WORK SUPPORTED BY THE OFFICE OF NAVAL RESEARCH.
ADVOCACY AND OUTREACH - THIS PROGRAM STRIVES TO REACH AND EDUCATE ALASKA'S ENERGY DECISION MAKERS ALONG WITH THE GENERAL PUBLIC TO PROMOTE ENERGY LITERACY AND ULTIMATELY LEAD TO INFORMED CHOICES ABOUT ALASKA'S ENERGY FUTURE. TH IS 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Rose Executive Di | Officer | 40 | $174,027 |
Frances Ball Treasurer | OfficerTrustee | 1 | $0 |
Matt Bergan Director | Trustee | 1 | $0 |
Lee Bolling Vice Chair | OfficerTrustee | 1 | $0 |
Julie Estey Director | Trustee | 1 | $0 |
Louie Flora Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,950 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $620,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $82,956 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $758,786 |
| Total Program Service Revenue | $345,648 |
| Investment income | $5,822 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$8,554 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,101,702 |
| 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. | $174,027 |
| Compensation of current officers, directors, key employees. | $10,442 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $518,973 |
| Pension plan accruals and contributions | $101,512 |
| Other employee benefits | $13,424 |
| Payroll taxes | $58,716 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,644 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,002 |
| Fees for services: Other | $66,691 |
| Advertising and promotion | $29 |
| Office expenses | $21,701 |
| Information technology | $3,728 |
| Royalties | $0 |
| Occupancy | $25,964 |
| Travel | $57,506 |
| 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 | $4,108 |
| Insurance | $2,178 |
| All other expenses | $2,865 |
| Total functional expenses | $1,131,625 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $228,356 |
| Savings and temporary cash investments | $3,262 |
| Pledges and grants receivable | $204,693 |
| Accounts receivable, net | $0 |
| 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 | $8,097 |
| Net Land, buildings, and equipment | $8,055 |
| Investments—publicly traded securities | $196,183 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $648,646 |
| Accounts payable and accrued expenses | $107,315 |
| Grants payable | $0 |
| Deferred revenue | $17,133 |
| 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 | $124,448 |
| Net assets without donor restrictions | $524,198 |
| 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 | $648,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Breakthrough Energy Catalyst Foundation Kirkland, WA | $452,252,817 | $358,545,515 |
Sustainable Energy For Galena Alaska Galena, AK | $424,517 | $2,661,695 |
Northwest Energy Efficiency Council Seattle, WA | $2,895,175 | $2,386,665 |
Spark Northwest Seattle, WA | $1,241,596 | $1,597,810 |
Renewable Energy Alaska Project Anchorage, AK | $648,646 | $1,101,702 |
The Sustainable Living Center Walla Walla, WA | $1,235 | $847,802 |
Coltura Seattle, WA | $230,784 | $652,932 |
Burn Design Lab Vashon, WA | $1,080,975 | $422,311 |
Olympia Community Solar Olympia, WA | $674,227 | $755,307 |
Climate Collaborative Bellingham, WA | $294,321 | $382,009 |
Alaska Heat Smart Juneau, AK | $301,748 | $284,795 |
Net-Negative Co2 Baseload Power Inc West Richland, WA | $108,284 | $310,000 |
Smart Buildings Center Education Program Seattle, WA | $367,803 | $339,292 |
Alaska Rural Electric Cooperative Association Educational Foundation Anchorage, AK | $1,304,727 | $56,007 |
Solar Washington Association Issaquah, WA | $37,685 | $0 |
Earth Givers Inc Olympia, WA | $66,971 | $0 |
Irha Energy Services Inc Fairbanks, AK | $289,534 | $0 |