Trust For Energy Innovation
- Assets
- $1.5m
- Revenue
- $6.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- Data as of
- 05/2022
- EIN
- 45-2150756
Organization Overview
Trust For Energy Innovation is located in Brooklyn, NY. Trust For Energy Innovation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 05/2022, Trust For Energy Innovation generated $6.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 58.6% each year . All expenses for the organization totaled $11.3m during the year ending 05/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Trust For Energy Innovation has awarded 11 individual grants totaling $25,085,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE THE PUBLIC'S UNDERSTANDING OF ENERGY ISSUES, THE IMPORTANCE OF ENERGY TO THE NATION'S FUTURE, AND THE ROLE FEDERAL AND STATE POLICY CAN PLAY IN AFFECTING OUR ENERGY USE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pamela Gilbert Director & Secretary/treasurer | OfficerTrustee | 2 | $0 |
Nalinda J Kehoe Director And President | OfficerTrustee | 2 | $0 |
David Sternleib Director | Trustee | 2 | $0 |
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 | $6,334,377 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,334,377 |
| Total Program Service Revenue | $0 |
| 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 | $6,334,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,000,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $240,000 |
| Fees for services: Legal | $1,405 |
| Fees for services: Accounting | $13,102 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $6,557 |
| All other expenses | $0 |
| Total functional expenses | $11,261,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,459,788 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $5,025 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,464,813 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,464,813 |
| 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 | $1,464,813 |
Grants Awarded
Over the last fiscal year, Trust For Energy Innovation has awarded $11,000,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: GENERAL SUPPORT | $6,000,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $5,000,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Brooks-Tlc Hospital System Inc Dunkirk, NY | $43,332,954 | $53,462,246 |
Rivier University Nashua, NH | $135,744,912 | $55,240,683 |
Enterprise Community Development Inc Columbia, MD | $150,433,261 | $43,987,858 |
The Actors Fund Of America New York, NY | $147,965,954 | $61,544,838 |
Dexter Southfield Inc Brookline, MA | $119,216,504 | $58,438,330 |
Goldman Sachs Foundation New York, NY | $0 | $131,861,636 |
Rye Country Day School Rye, NY | $168,719,071 | $53,917,933 |
Goodwill Easter Seals Miami Valley Dayton, OH | $85,565,204 | $56,204,309 |
American Federation Of State County & Municipal Employees New York, NY | $77,027,109 | $53,363,394 |
Chesapeake Regional Information System For Our Patients Inc Columbia, MD | $18,949,461 | $51,004,961 |
New York Armenian Home Inc Forest Hills, NY | $920,237 | $91,924 |
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |