Northeast Clean Energy Council
- Assets
- $927.0k
- Revenue
- $3.1m
- Investments
- $0.0
- Employees
- 35
- Location
- Somerville, MA
- Founding
- 09/2009
- Data as of
- 12/2023
- EIN
- 26-1281012
Organization Overview
Northeast Clean Energy Council is located in Somerville, MA. The organization was established in 2009. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Northeast Clean Energy Council employed 35 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Clean Energy Council 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 12/2023, Northeast Clean Energy Council generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 12.8% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
NECEC LEADS THE JUST, EQUITABLE AND RAPID TRANSITION TO A CLEAN ENERGY FUTURE AND DIVERSE CLIMATE ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNICATION, MEMBERSHIP & EVENTS - NORTHEAST CLEAN ENERGY COUNCIL IS A MEMBERSHIP ORGANIZATION, AND THOSE MEMBERS PLAY A KEY ROLE IN ACCOMPLISHING THE MISSION OF CREATING A WORLD-CLASS CLEAN ENERGY HUB DELIVERING GLOBAL IMPACT WITH ECONOMIC, ENERGY AND ENVIRONMENTAL SOLUTIONS. THE COUNCIL HOSTS COUNTLESS EDUCATIONAL AND NETWORKING EVENTS TO FOSTER RELATIONSHIPS AND ADVANCE THE EFFORTS OF IT'S MEMBERS AND THE ORGANIZATION'S MISSION OVERALL.
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 CONVENING'S. NECEC'S COMBINED POLICY EFFORTS FOCUS ON ADVANCING THE NORTHEAST US'S VALUABLE MARKETS IN:-GRID MODERNIZATION & 21ST CENTURY ELECTRICITY SYSTEM (INCLUDING RATE CASE INITIATIVES)-DISTRIBUTED CLEAN ENERGY RESOURCES, INCLUDING SOLAR, ENERGY STORAGE, EFFICIENCY, AND BUILDING TECHNOLOGIES-GRID-SCALE RENEWABLES - ONSHORE WIND, OFFSHORE WIND, GRID-SCALE SOLAR-CLIMATE & GREENHOUSE GAS MARKETS-NORTHEAST CLEAN TRANSPORTATION SOLUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Goldman Chairman | OfficerTrustee | 1 | $0 |
Tina Bennett Treasurer | OfficerTrustee | 1 | $0 |
John Gibson Director | Trustee | 1 | $0 |
Dave Wilby Director | Trustee | 1 | $0 |
James Hunt Director | Trustee | 1 | $0 |
Marc Marano Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foley Hoag Legal | 12/30/17 | $106,702 |
Ecocfo Llc Management Services | 12/30/17 | $121,426 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $474,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $476,125 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $950,225 |
| Total Program Service Revenue | $2,239,289 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$125,277 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,064,242 |
| 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. | $853,662 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,058,843 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $178,602 |
| Payroll taxes | $78,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $245,477 |
| Fees for services: Accounting | $65,689 |
| Fees for services: Lobbying | $46,267 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,996 |
| Advertising and promotion | $2,125 |
| Office expenses | $17,044 |
| Information technology | $12,115 |
| Royalties | $0 |
| Occupancy | $20,405 |
| Travel | $9,649 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $444 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,672 |
| All other expenses | $0 |
| Total functional expenses | $2,743,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,569 |
| Savings and temporary cash investments | $10,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,453 |
| 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 | $71,599 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $337,356 |
| Total assets | $926,977 |
| Accounts payable and accrued expenses | $166,968 |
| Grants payable | $0 |
| Deferred revenue | $118,834 |
| 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 | $285,802 |
| Net assets without donor restrictions | $598,675 |
| Net assets with donor restrictions | $42,500 |
| 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 | $926,977 |