Energy Innovation Center
- Assets
- $1.1m
- Revenue
- $875.0k
- Investments
- $0.0
- Employees
- 0
- Location
- San Antonio, TX
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-3459829
Organization Overview
Energy Innovation Center is located in San Antonio, TX. The organization was established in 2015. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Innovation Center 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, Energy Innovation Center generated $875.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE ENERGY-SECTOR RESEARCH AND INNOVATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly M Britton CEO | 40 | $207,927 | |
Jill Vassar Chief Development | 40 | $126,921 | |
Elizabeth Thompson Head Of Advisory | 40 | $78,781 | |
Andi Littlejohn Program Manager | 40 | $71,295 | |
Elena Moore Executive Assistant | 40 | $59,938 | |
Cris Eugster PHD Board Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $304,212 |
| Interest on Savings | $4,938 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $565,865 |
| Total Revenue | $875,015 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,927 |
| Other employee salaries and wages | $439,503 |
| Pension plans, employee benefits | $97,646 |
| Interest | $380 |
| Taxes | $0 |
| Depreciation | $577 |
| Occupancy | $10,405 |
| Travel, conferences, and meetings | $15,176 |
| Printing and publications | $398 |
| Other expenses | $49,660 |
| Total operating and administrative expenses | $1,176,800 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,176,800 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,894 |
| Savings and temporary cash investments | $867,890 |
| Net Accounts receivable | $133,575 |
| Net Pledges Receivable | $7,992 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,922 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $1,690 |
| Other assets | $0 |
| Total assets | $1,078,963 |
| Accounts payable and accrued expenses | $49,487 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $59,487 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Energy Innovation Center has recieved totaling $20,500.
| Awarding Organization | Amount |
|---|---|
San Antonio Area Foundation San Antonio, TX PURPOSE: GENERAL SUPPORT | $20,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aqua Water Supply Corporation Bastrop, TX | $136,381,619 | $28,670,097 |
Roosevelt County Electric Cooperative Incorporated Portales, NM | $65,511,753 | $18,141,245 |
City Corporation Russellville, AR | $192,508,552 | $18,660,828 |
Columbus Electric Cooperative Inc Deming, NM | $51,291,020 | $15,018,624 |
Texas Reliability Entity Inc Austin, TX | $5,509,609 | $14,208,096 |
Coleman County Electric Cooperative Inc Coleman, TX | $33,830,324 | $14,379,363 |
Fort Belknap Electric Cooperative Inc Olney, TX | $40,346,904 | $13,174,182 |
Mora-San Miguel Electric Cooperative Inc Mora, NM | $28,478,652 | $12,852,709 |
Ashley-Chicot Electric Cooperative Inc Hamburg, AR | $39,523,502 | $11,933,884 |
J-A-C Electric Cooperative Inc Henrietta, TX | $27,594,358 | $11,304,543 |
Sharyland Water Supply Corporation Alton, TX | $110,187,216 | $13,299,506 |
Farmers Electric Cooperative Corporation Newport, AR | $38,614,201 | $11,561,082 |