Virginia Energy Efficiency Council
- Assets
- $229.4k
- Revenue
- $276.9k
- Investments
- $0.0
- Employees
- 3
- Location
- Richmond, VA
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-1752391
Organization Overview
Virginia Energy Efficiency Council is located in Richmond, VA. The organization was established in 2015. 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, Virginia Energy Efficiency Council employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Energy Efficiency Council 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, Virginia Energy Efficiency Council generated $276.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $214.0k during the year ending 12/2021. While expenses have increased by 12.6% 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
VAEEC IS A BROAD COALITION WHOSE GOAL IS TO FACILITATE DISCUSSIONS AND SHARE RESOURCES TOADVANCE ENERGY EFFICIENCY THROUGHOUT THE COMMONWEALTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY FOUNDATION- PROVIDED FUNDING TO FURTHER SUPPORT OUR WORK TO SUPPORT UTILITY ENERGY EFFICIENCY PROGRAMS AND TO PROMOTE THE INCLUSION OF ENERGY EFFICIENCY MEASURES IN THE VA BUILDING CODES.
ADIUVANS-PROVIDED FUNDING TO SUPPORT OPERATIONS OF THE ORGANIZATION, MEDIA OUTREACH, AND LOCAL GOVERNMENT ENGAGEMENT.
OAKHILL-PROVIDED FUNDING TO SUPPORT WORK WITH UTILITY ENGERGY EFFICIENCY PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Eger Director | Trustee | 1 | $0 |
Carrie Webster Director | Trustee | 1 | $0 |
Maggie Kelley Riggens Director | Trustee | 1 | $0 |
Stephen Evanko Director | Trustee | 1 | $0 |
Tim Bernadowski Director | Trustee | 1 | $0 |
Bryna Dunn Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $44,825 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $232,099 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $276,924 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| 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 | $276,931 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $147,840 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,957 |
| Payroll taxes | $11,311 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,827 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $943 |
| Advertising and promotion | $22,676 |
| Office expenses | $7,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $14,928 |
| Travel | $294 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $36 |
| Insurance | $2,170 |
| All other expenses | $0 |
| Total functional expenses | $214,017 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $163,179 |
| Savings and temporary cash investments | $66,248 |
| 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 | $229,427 |
| Accounts payable and accrued expenses | $4,443 |
| 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 | $4,443 |
| Net assets without donor restrictions | $224,984 |
| 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 | $229,427 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Virginia Energy Efficiency Council has recieved totaling $157,500.
| Awarding Organization | Amount |
|---|---|
United States Energy Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE. | $85,000 |
Charlottesville Area Community Foundation Charlottesville, VA PURPOSE: GENERAL OPERATING GRANT | $45,000 |
Oak Hill Fund Charlottesville, VA PURPOSE: ADVANCING ENERGY EFFICIENCY IN VIRGINIA: TO SUPPORT THEIR ONGOING PARTICIPATION IN REGULATORY ACTIVITIES TO EXPAND ENERGY EFFICIENCY PROGRAMS IN VIRGINIA, A BOARD STRATEGIC PLANNING RETREAT, AND HELP MEET STAFF COMPENSATION NEEDS. | $25,000 |
Nisource Charitable Foundation Columbus, OH PURPOSE: CORPORATE DONATION | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nuclear Energy Institute Washington, DC | $71,880,895 | $50,264,401 |
Solar Energy Industries Association Inc Washington, DC | $18,099,333 | $20,516,160 |
Clasp Washington, DC | $15,465,717 | $16,877,815 |
Environmental Working Group Washington, DC | $14,685,158 | $16,093,379 |
Smart Electric Power Alliance Washington, DC | $18,618,602 | $11,424,998 |
Citizens For Responsible Energy Solutions Inc Washington, DC | $4,760,375 | $5,691,548 |
Urban Sustainability Directors Network Washington, DC | $14,958,599 | $9,810,102 |
National Hydropower Association Inc Washington, DC | $4,290,027 | $5,771,967 |
Institute For Market Transformation Inc Washington, DC | $5,588,466 | $5,620,018 |
Solar United Neighbors Washington, DC | $7,152,492 | $9,177,956 |
Southern Alliance For Clean Energy Knoxville, TN | $8,898,789 | $4,579,602 |
Renewable Energy Wildlife Institute Washington, DC | $5,884,881 | $3,402,247 |