E4 Carolinas Inc
- Assets
- $372.5k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 14
- Location
- Charlotte, NC
- Founding
- 02/2013
- Data as of
- 12/2022
- EIN
- 45-5627361
Organization Overview
E4 Carolinas Inc is located in Charlotte, NC. The organization was established in 2013. 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 12/2022, E4 Carolinas Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E4 Carolinas Inc 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 12/2022, E4 Carolinas Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 13.4% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 13.4% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT, PRODUCTIVITY, AND PROSPERITY BY CULTIVATING A COLLABORATIVE ENERGY CLUSTER IN THE CAROLINAS REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
E4 CAROLINAS IS A NON-PROFIT TRADE ASSOCIATION ORGANIZED AND GOVERNED BY ITS MEMBERS TO INCREASE THEIR VALUE AND SUCCESS AND TO PROMOTE THE CAROLINA ENERGY ECONOMY. ANY COMPANY OR ORGANIZATION HAVING A CAROLINA ENERGY INTEREST MAY BE A MEMBER. MEMBERS COLLABORATE IN THE AREAS OF WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, INNOVATION & CAPITAL CREATION, COMMUNICATIONS AND NETWORKING AND POLICY. E4 CAROLINAS PRODUCES PROGRAMS, SERVICES AND EVENTS DESIGNED TO BETTER EDUCATE AND CONNECT MEMBERS, PROVIDING THEM MORE VALUE COLLECTIVELY THAN IF PRODUCED BY EACH INDIVIDUALLY. E4 CAROLINAS ALSO UNDERTAKES VARIOUS COLLABORATIVE SPECIAL PROJECTS ON BEHALF OF MEMBERS. THE COLLECTIVE PRODUCTS AND SERVICES OF MEMBERS ARE PROMOTED NATIONALLY AND GLOBALLY AND BOTH OUTBOUND AND INBOUND TRADE MISSIONS ARE ORGANIZED. INDIVIDUAL REQUESTS BY MEMBERS TO BE INTRODUCED TO OTHER E4 CAROLINAS MEMBERS ARE FACILITATED BY STAFF.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Merrifield Chair/board Member | OfficerTrustee | 2 | $0 |
Scott Carlton Vice Chair/treasurer | OfficerTrustee | 2 | $0 |
Kendall Bowman Board Member | Trustee | 2 | $0 |
Weston Adams Board Member | Trustee | 2 | $0 |
Jon Ball Board Member | Trustee | 2 | $0 |
George Baldwin Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $702,357 |
| All other contributions, gifts, grants, and similar amounts not included above | $607,297 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,309,654 |
| Total Program Service Revenue | $445,184 |
| Investment income | $666 |
| 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 | $1,755,504 |
| 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. | $362,462 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $650,009 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $16,518 |
| Payroll taxes | $87,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,771 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $478,138 |
| Advertising and promotion | $5,054 |
| Office expenses | $90,751 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $34,635 |
| Travel | $1,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,338 |
| All other expenses | $41,649 |
| Total functional expenses | $1,812,100 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $29,621 |
| Savings and temporary cash investments | $342,919 |
| 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 | $0 |
| 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 | $372,540 |
| 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 | $372,540 |
| 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 | $372,540 |
Grants Awarded
Over the last fiscal year, E4 Carolinas Inc has awarded $79,268 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
TRIANGLE J COUNCIL OF GOVERNMENTS PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES | $27,724 |
CENTRALINA COUNCIL OF GOVERNMENTS PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES | $27,385 |
SACE PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES | $11,995 |
NC STATE UNIVERSITY PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES | $12,164 |