Institute For Energy Innovation

Organization Overview

Institute For Energy Innovation is located in Lansing, MI. The organization was established in 2014. According to its NTEE Classification (C11) the organization is classified as: Single Organization Support, under the broad grouping of Environment and related organizations. As of 12/2021, Institute For Energy Innovation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Institute For Energy Innovation 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, Institute For Energy Innovation generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.9% each year . All expenses for the organization totaled $861.8k during the year ending 12/2021. While expenses have increased by 16.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF THE CORPORATION IS TO PROMOTE GREATER PUBLIC UNDERSTANDING OF ADVANCED ENERGY AND ITS ECONOMIC POTENTIAL FOR MICHIGAN AND TO INFORM THE PUBLIC AND POLICY DISCUSSION ON MICHIGAN'S ENERGY CHALLENGES AND OPPORTUNITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATED POLICY MAKERS, BUSINESS LEADERS, AND THE PUBLIC ON ADVANCED ENERGY ISSUES INCLUDING ENERGY STORAGE, SOLAR ENERGY, MOBILITY, AND THE BUILT ENVIRONMENT.


THE PRESIDENT AND STAFF OF THE INSTITUTE FOR ENERGY INNOVATION PERFORMED MANAGEMENT FUNCTIONS AND AN AFFILIATED EXEMPT ORGANIZATION.


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Board, Officers & Key Employees

Name (title)Compensation
Laura Sherman
President
$100,636
Lauren Bigelow
Board Chair
$0
Bruce Goodman
Secretary
$0
Tom Catania
Director
$0
Keith Cooley
Director
$0
Annick Anctil
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $84,853
All other contributions, gifts, grants, and similar amounts not included above$550,000
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$634,853
Total Program Service Revenue$396,422
Investment income $60
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 $1,031,335

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Institute For Energy Innovation has recieved totaling $535,000.

Awarding OrganizationAmount
United States Energy Foundation

San Francisco, CA

PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE.

$535,000
View Grant Recipient Profile

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