Solar Energy Industries Association Inc
- Assets
- $39.0m
- Revenue
- $33.6m
- Investments
- $0.0
- Employees
- 100
- Location
- Washington, DC
- Founding
- 03/1977
- Data as of
- 12/2023
- EIN
- 52-1072179
Organization Overview
Solar Energy Industries Association Inc is located in Washington, DC. The organization was established in 1977. 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 12/2023, Solar Energy Industries Association Inc employed 100 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solar Energy Industries Association 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 12/2023, Solar Energy Industries Association Inc generated $33.6m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $26.6m during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 6 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE I.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FEDERAL AFFAIRS: 2023 WAS A BUSY AND PRODUCTIVE YEAR FOR FEDERAL CLEAN ENERGY POLICY, HIGHLIGHTED BY THE IMPLEMENTATION OF THE INFLATION REDUCTION (IRA). SEIA WORKED CLOSELY WITH ALLIES AND MEMBERS TO ADVOCATE FOR REGULATORY GUIDANCE THAT WOULD ACCOMPLISH THE TARGETS AND GOALS SET FORTH BY THE IRA, AND ENSURE CONSTRUCTS THAT WOULD BE WORKABLE FOR THE INDUSTRY IN ACCELERATING CLEAN ENERGY MANUFACTURING AND DEPLOYMENT. FOLLOWING THE 2022 MIDTERM ELECTIONS, SEIA ESTABLISHED IMPORTANT GROUNDWORK IN THE 118TH CONGRESS ON POST-IRA ISSUES SUCH AS PERMITTING REFORM. SEIA ALSO DEVOTED SIGNIFICANT EFFORT AND RESOURCES IN 2023 TO ITS ADVOCACY AND ENGAGEMENT AT THE FEDERAL ENERGY REGULATORY COMMISSION (FERC), INCLUDING SIGNIFICANT WORK ON THE COMMISSION'S TRANSMISSION REFORM DOCKET.
STATE AFFAIRS: SEIA'S STATE POLICY EFFORTS INCLUDED SEVERAL KEY LEGISLATIVE AND REGULATORY ACCOMPLISHMENTS IN 2023, INCLUDING A FINAL ORDER IN NORTH CAROLINA'S SMART $AVER DOCKET THAT FURTHER SUPPORTS BUILDOUT OF DISTRIBUTED SOLAR, PASSAGE OF A BILL IN COLORADO TO INCREASE THE SPEED AND EFFICIENCY OF SOLAR PERMITS, AND PASSAGE OF A BILL IN MARYLAND MAKING THE STATE'S COMMUNITY SOLAR PROGRAM PERMANENT. SEIA ALSO ENGAGED IN A NUMBER OF ONGOING ISSUES AT THE STATE LEVEL, INCLUDING CALIFORNIA'S TRANSITION TO A NET BILLING TARIFF FOR ROOFTOP SOLAR CUSTOMERS, CONSUMER PROTECTION LEGISLATION IN STATES LIKE NEVADA, PENNSYLVANIA AND NEW YORK, AND SOLAR PANEL RECYCLING AND END-OF-LIFE MANAGEMENT DISCUSSIONS.
PUBLIC AFFAIRS: SEIA'S COMMUNICATIONS AND PUBLIC AFFAIRS APPARATUS HELPED SUPPORT THE ORGANIZATION'S POLICY AND PROGRAMMING GROWTH IN 2023, INCREASING THE ASSOCIATION'S BRAND AWARENESS AS NEW PRODUCTS AND OFFERINGS CAME TO FRUITION SUCH AS SEIA'S NEW ONLINE LEARNING PLATFORM AND ACCREDITATION AS A ANSI-RECOGNIZED STANDARDS-SETTING BODY. SEIA'S PUBLIC AFFAIRS WORK ALSO SUPPORTED A VARIETY OF KEY POLICY OBJECTIVES, INCLUDING THE DEFEAT OF AN ATTEMPT TO USE THE CONGRESSIONAL REVIEW ACT TO PLACE MORE THAN $1 BILLION IN RETROACTIVE TARIFFS ON U.S. SOLAR BUSINESSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Abigail R Hopper President And CEO | OfficerTrustee | 40 | $1,163,993 |
Ryan Pfaff Treasurer | OfficerTrustee | 1 | $0 |
Ben Airth Secretary (effective 07/23) | OfficerTrustee | 1 | $0 |
Adam Chrisman Director | Trustee | 1 | $0 |
Alex Sundquist Director | Trustee | 1 | $0 |
Alfredo Espinosa Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Akin Gump Strauss Hauer & Feld Llp Legal | 12/30/23 | $847,479 |
Signal Group Consulting | 12/30/23 | $601,712 |
Crossborder Energy Consulting | 12/30/23 | $456,414 |
Squire Patton Boggs Llp Lobbying | 12/30/23 | $325,000 |
Fox Swibel Levin & Carroll Llp Legal | 12/30/23 | $287,167 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $32,785,535 |
| Investment income | $955,776 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $30,803 |
| Net Rental Income | $130,683 |
| Net Gain/Loss on Asset Sales | -$315,638 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,587,159 |
| 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. | $3,989,609 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $7,138,690 |
| Pension plan accruals and contributions | $281,044 |
| Other employee benefits | $927,986 |
| Payroll taxes | $740,181 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,600,815 |
| Fees for services: Accounting | $37,353 |
| Fees for services: Lobbying | $2,128,127 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $46,978 |
| Fees for services: Other | $1,728,424 |
| Advertising and promotion | $1,972,750 |
| Office expenses | $646,069 |
| Information technology | $519,601 |
| Royalties | $0 |
| Occupancy | $827,845 |
| Travel | $765,983 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,818,012 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,793 |
| Insurance | $62,162 |
| All other expenses | $0 |
| Total functional expenses | $26,608,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $845,749 |
| Savings and temporary cash investments | $2,016,545 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $489,891 |
| 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 | $660,491 |
| Net Land, buildings, and equipment | $1,020,780 |
| Investments—publicly traded securities | $29,178,742 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,739,230 |
| Total assets | $38,951,428 |
| Accounts payable and accrued expenses | $2,452,633 |
| Grants payable | $0 |
| Deferred revenue | $10,769,239 |
| 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 | $6,647,809 |
| Total liabilities | $19,869,681 |
| Net assets without donor restrictions | $19,081,747 |
| 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 | $38,951,428 |