Growth Energy
- Assets
- $8.5m
- Revenue
- $21.1m
- Investments
- $0.0
- Employees
- 22
- Location
- Washington, DC
- Founding
- 04/2009
- Data as of
- 12/2021
- EIN
- 26-3542537
Organization Overview
Growth Energy is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Growth Energy employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Energy 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 12/2021, Growth Energy generated $21.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $20.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. 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 PROMOTE ETHANOL AS A SUSTAINABLE, CLEAN AND RENEWABLE ENERGY SOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RELATIONS -NEWS RELEASES, INTERVIEWS, BLOGGING, MEDIA (PAID AND EARNED), RESPONSE TO NEGATIVE MEDIA, EVENTS MARKETING, ETC.
MARKET DEVELOPMENT -RETAILER PROMOTIONS, MARKETING AND EDUCATION
LOBBYING - ADVOCATE FOR PRO-ETHANOL LEGISLATION AND REGULATION AT THE FEDERAL AND STATE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Skor CEO | Officer | 40 | $934,371 |
Elizabeth Funderburk VP Of Communications | 40 | $409,416 | |
Joe Kakesh Secretary | Officer | 40 | $336,588 |
Chris Bliley VP Of Regulatory Affairs | 40 | $324,384 | |
Mike O'brien VP Of Market Development | 40 | $287,614 | |
Kelly Manning VP Of Member Development | 40 | $279,091 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nascar Advertising | 12/30/21 | $2,500,000 |
Cullen & Rose Consulting | 12/30/21 | $1,439,784 |
Plus Communications Consulting | 12/30/21 | $1,094,291 |
Rcr Advertising | 12/30/21 | $930,704 |
Wilmerhale Legal Consulting | 12/30/21 | $823,817 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,187,013 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,187,013 |
| Total Program Service Revenue | $18,913,018 |
| Investment income | $0 |
| 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 | $21,100,031 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $383,626 |
| 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. | $1,555,294 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,781,714 |
| Pension plan accruals and contributions | $139,692 |
| Other employee benefits | $337,790 |
| Payroll taxes | $284,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,704,000 |
| Fees for services: Accounting | $48,134 |
| Fees for services: Lobbying | $1,079,631 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,004,624 |
| Advertising and promotion | $1,618,527 |
| Office expenses | $339,829 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $348,508 |
| Travel | $325,436 |
| 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 | $74,312 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $20,197,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,780,566 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,163,993 |
| 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 | $24,965 |
| Net Land, buildings, and equipment | $268,668 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000 |
| Other assets | $278,871 |
| Total assets | $8,527,063 |
| Accounts payable and accrued expenses | $2,728,324 |
| Grants payable | $0 |
| Deferred revenue | $799,192 |
| 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 | $696,964 |
| Total liabilities | $4,224,480 |
| Net assets without donor restrictions | $4,135,236 |
| Net assets with donor restrictions | $167,347 |
| 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 | $8,527,063 |
Grants Awarded
Over the last fiscal year, Growth Energy has awarded $310,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Indianapolis, IN PURPOSE: UNRESTRICTED | $140,000 |
Sioux Falls, SD PURPOSE: UNRESTRICTED | $125,000 |
Virginia Beach, VA PURPOSE: UNRESTRICTED | $45,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Growth Energy has recieved totaling $105,000.
| Awarding Organization | Amount |
|---|---|
Indiana Corn Marketing Council Indianapolis, IN PURPOSE: FLEX FUEL GRANT | $100,000 |
Minnesota Corn Growers Association Burnsville, MN PURPOSE: Education & Awareness | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Psychiatric Association Washington, DC | $179,554,491 | $53,525,834 |
Mexican Haas Avocado Importers Association Fallston, MD | $10,238,623 | $43,648,629 |
Certified Financial Planner Board Of Standards Inc Washington, DC | $72,477,411 | $49,028,168 |
Guaranty Association Benefits Company Washington, DC | $1,687,230,547 | $54,247,522 |
American Trucking Associations Inc Washington, DC | $115,646,374 | $45,819,466 |
Entertainment Software Association Washington, DC | $37,670,266 | $39,894,859 |
Fs-Isac Inc Reston, VA | $27,418,346 | $31,957,295 |
National Business Aviation Association Inc Washington, DC | $41,505,986 | $35,013,449 |
National Association Of Convenience Stores Inc Alexandria, VA | $81,131,547 | $56,800,862 |
Corporation For Travel Promotion Washington, DC | $155,155,340 | $50,300,586 |
Alliance For Automotive Innovation Washington, DC | $16,322,930 | $27,313,596 |
Air-Conditioning Heating And Refrigeration Institute Arlington, VA | $58,066,234 | $32,390,159 |