Elevate Energy
- Assets
- $26.0m
- Revenue
- $38.2m
- Investments
- $0.0
- Employees
- 171
- Location
- Chicago, IL
- Founding
- 06/2013
- Data as of
- 12/2021
- EIN
- 36-4443093
Organization Overview
Elevate Energy is located in Chicago, IL. The organization was established in 2013. 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, Elevate Energy employed 171 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elevate Energy 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, Elevate Energy generated $38.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.0% each year . All expenses for the organization totaled $35.2m during the year ending 12/2021. While expenses have increased by 14.3% 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
WE WORK TO ENSURE EQUAL ACCESS TO CLEAN AND AFFORDABLE HEAT, POWER, AND WATER FOR EVERYONE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELEVATE ENERGY PROVIDES ECONOMIC, ENVIRONMENTAL AND CLIMATE JUSTICE BENEFITS TO HOUSEHOLDS, BUILDING OWNERS, COMMUNITIES AND GOVERNMENTS THROUGH ENERGY AND WATER EFFICIENCY IMPROVEMENTS. IT ADMINISTERS RESIDENTIAL HOURLY ELECTRICITY PRICING PROGRAMS, DELIVERS ENERGY AND WATER EFFICIENCY RETROFITS IN RESIDENTIAL AND NONPROFIT BUILDINGS, AND PROVIDES ENERGY PLANNING AND DATA ANALYSIS SERVICES. CONSUMERS GAIN ACCESS TO EDUCATION AND PROGRAMS THAT HELP THEM MANAGE ENERGY COSTS AND MAKE HOUSING COSTS MORE AFFORDABLE. ELEVATE ENERGY PROGRAMS CREATE JOBS, SAVE ENERGY, REDUCE EMISSIONS AND IMPROVE THE ECONOMY. WE PROVIDE EQUITY THROUGH CLIMATE ACTION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anne Evens CEO & President | OfficerTrustee | 50 | $236,027 |
Delmar Gillus Chief Operating Officer | 40 | $187,482 | |
Lindy Loyet Chief Financial Officer | 40 | $167,089 | |
Abigail Corso Chief Strategy Officer | 40 | $161,962 | |
Antonia Ornelas Chief Program Officer | 40 | $156,142 | |
John Cleveland Chair | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Greenlink Energy Solutions Llc Energy Efficiency Measures | 12/30/21 | $1,166,585 |
University Of Illinois At Chicago Technical Services | 12/30/21 | $819,825 |
Cic Energy Consulting Energy Efficiency Measures | 12/30/21 | $826,202 |
Minnich Insulation Inc Energy Efficiency Measures | 12/30/21 | $1,150,943 |
Franklin Energy Services Energy Efficiency Measures | 12/30/21 | $591,837 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,460,776 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,429,718 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,890,494 |
| Total Program Service Revenue | $19,185,732 |
| Investment income | $4,380 |
| 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 | $38,178,610 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,384,519 |
| 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. | $258,715 |
| Compensation of current officers, directors, key employees. | $48,069 |
| Compensation to disqualified persons | $147,382 |
| Other salaries and wages | $12,326,789 |
| Pension plan accruals and contributions | $163,205 |
| Other employee benefits | $1,366,089 |
| Payroll taxes | $915,211 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,670 |
| Fees for services: Accounting | $123,570 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,530,228 |
| Advertising and promotion | $98,801 |
| Office expenses | $489,646 |
| Information technology | $395,114 |
| Royalties | $0 |
| Occupancy | $455,226 |
| Travel | $52,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $612 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $146,951 |
| Insurance | $95,332 |
| All other expenses | $57,020 |
| Total functional expenses | $35,178,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,227,167 |
| Savings and temporary cash investments | $14,799,604 |
| Pledges and grants receivable | $2,391,515 |
| Accounts receivable, net | $3,591,922 |
| 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 | $388,730 |
| Net Land, buildings, and equipment | $136,608 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $488,914 |
| Total assets | $26,024,460 |
| Accounts payable and accrued expenses | $3,654,284 |
| Grants payable | $0 |
| Deferred revenue | $111,500 |
| 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 | $11,161,064 |
| Total liabilities | $14,926,848 |
| Net assets without donor restrictions | $9,715,013 |
| Net assets with donor restrictions | $1,382,599 |
| 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 | $26,024,460 |
Grants Awarded
Over the last fiscal year, Elevate Energy has awarded $2,134,519 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Boston, MA PURPOSE: Subgrantee for national market expansion | $1,568,898 |
MADISON COMMUNITY CAPITAL PURPOSE: Subgrantee for Building Electrification Program retrofit program | $288,000 |
Oakland, CA PURPOSE: Subgrantee for Justice 40 initiative | $250,000 |
Chicago, IL PURPOSE: Subgrantee for Building Electrification Program retrofit program | $27,621 |
Grants Recieved
Over the last fiscal year, we have identified 30 grants that Elevate Energy has recieved totaling $14,602,255.
| Awarding Organization | Amount |
|---|---|
The Jpb Foundation New York, NY PURPOSE: NATIONAL APPROACH TO SCALING EFFICIENCY IN AFFORDABLE HOUSING | $4,000,000 |
The Jpb Foundation New York, NY PURPOSE: NATIONAL APPROACH TO SCALING EFFICIENCY IN AFFORDABLE HOUSING | $4,000,000 |
The Jpb Foundation New York, NY PURPOSE: JUSTICE40 ACCELERATOR: SPRINT TO SUCCESSION | $1,000,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $1,000,000 |
Illinois Science And Energy Innovation Foundation Chicago, IL PURPOSE: CONSUMER EDUCATION | $996,080 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: PROGRAM SUPPORT | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Slipstream Group Inc Madison, WI | $35,851,286 | $48,286,004 |
Elevate Energy Chicago, IL | $26,024,460 | $38,178,610 |
Illinois Clean Energy Community Foundation Chicago, IL | $107,689,503 | $11,008,652 |
Solarbron Pointe Inc Bloomington, IN | $33,791,935 | $3,926,791 |
Midwest Energy Efficiency Alliance Chicago, IL | $4,224,945 | $3,338,954 |
Center For Neighborhood Technology Chicago, IL | $2,493,900 | $2,988,936 |
Evergreen Climate Innovations Chicago, IL | $8,886,958 | $4,384,622 |
Cleantech Partners Inc Middleton, WI | $8,263,187 | $1,764,935 |
Couillard Solar Foundation Inc Deerfield, WI | $4,556,095 | $768,093 |
Geo Exchange Information Bureau Inc Springfield, IL | $21,640 | $866,120 |
Renew Missouri Advocates Columbia, MO | $201,705 | $795,097 |
One Earth Collective Oak Park, IL | $99,648 | $296,592 |