Smart Electric Power Alliance
- Assets
- $24.3m
- Revenue
- $16.3m
- Investments
- $5.6m
- Employees
- 73
- Location
- Washington, DC
- Founding
- 03/2007
- Data as of
- 12/2022
- EIN
- 52-1794095
Organization Overview
Smart Electric Power Alliance is located in Washington, DC. The organization was established in 2007. 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 12/2022, Smart Electric Power Alliance employed 73 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Smart Electric Power Alliance 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 12/2022, Smart Electric Power Alliance generated $16.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.6% each year . All expenses for the organization totaled $9.9m during the year ending 12/2022. While expenses have increased by 5.2% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEPA WORKS WITH ENERGY STAKEHOLDERS TOWARDS CARBON FREE ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CUSTOM ENGAGEMENTS - RESEARCH AND STRATEGY. SEPA PRODUCES TAILORED RESEARCH, SOLUTIONS AND FACILITATION DESIGNED TO HELP ELECTRIC UTILITIES AND OTHER ENERGY INDUSTRY PARTICIPANTS MAKE INFORMED BUSINESS DECISIONS AND DEAL WITH THE COMPLEX CHALLENGES FACING THEIR SPECIFIC ORGANIZATION TODAY AND TOMORROW.
MEMBER SERVICES - SEPA MEMBERS ARE CREATING THE FUTURE OF THE ENERGY INDUSTRY. THE COMMITMENT TO A CARBON-FREE ENERGY SYSTEM IS BEING EMBRACED BY STAKEHOLDERS ACROSS THE ELECTRICITY SECTOR. UTILITIES, TECHNOLOGY PROVIDERS, INDUSTRY, REGULATORS, LARGE ENERGY USERS, STATE ENERGY OFFICES, GOVERNMENT, CONSUMER ADVOCATES, ACADEMIA AND THE NONPROFIT COMMUNITY ALL HAVE A VOICE IN THIS DYNAMIC AND CHANGING ENERGY SECTOR. SEPA IS AN EDUCATIONAL NONPROFIT THAT PROVIDES A UNIQUE AND TRUSTED PLATFORM TO HELP OUR DIVERSE MEMBERSHIP WITH THEIR SMART TRANSITION TO A CARBON-FREE ENERGY SYSTEM. SEPA DOES NOT LOBBY OR TAKE POSITIONS ON ISSUES. INSTEAD WE PROVIDE A PLATFORM FOR COLLABORATION, UNBIASED INFORMATION AND THE REAL DISCUSSIONS NEEDED TO MOVE THE INDUSTRY FORWARD.
FEE-BASED SERVICES - EDUCATION AND OUTREACH - SEPA PROVIDES ELECTRIC UTILITIES AND INDUSTRY STAKEHOLDERS WITH MARKET, BUSINESS, REGULATORY AND TECHNICAL INTELLIGENCE ON HOW THE ELECTRICITY SECTOR TRANSFORMATION WILL AFFECT THEM AND HELP CREATE A ROADMAP FOR FUTURE SUCCESS. THIS INCLUDES UTILITY SCALE AND DISTRIBUTED ENERGY RESOURCES INCLUDING SOLAR, DERS, DEMAND FLEXIBILITY, ENERGY STORAGE AND THE ELECTRIFICATION OF TRANSPORTATION, BUILDINGS AND INDUSTRY SECTORS. SEPA DELIVERS THIS INFORMATION THROUGH A VARIETY OF PUBLIC AND MEMBER VENUES. EDUCATION PROGRAMS INCLUDE ONSITE AND VIRTUAL CONFERENCES FEATURING PEER-TO-PEER LEARNING, WORKSHOPS, WEBINARS, UTILITY STAFF TRAINING, DOMESTIC AND INTERNATIONAL FACT-FINDING MISSIONS AND COHORTS FOR INDUSTRY EXECUTIVES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julia Hamm President & CEO (until 11/2022) | Officer | 40 | $583,770 |
Christopher Schrodeder Vp, Industry Solutions & Advisory | 40 | $258,206 | |
Beth Eagle VP Of Operations | 40 | $220,065 | |
Adam Wasserman VP Membership & Marketing | 40 | $210,177 | |
Courtney Galatioto Chief Of Staff & Strategic P'ship | 40 | $180,892 | |
Aaron Smallwood VP Research & Insustry Strategy | 40 | $172,987 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Raffa Pc Accounting Services | 12/30/16 | $246,037 |
Cloud Sherpas It Consulting | 12/30/16 | $154,578 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $548,666 |
| 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 | $548,666 |
| Total Program Service Revenue | $14,870,184 |
| Investment income | $475,324 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $377,320 |
| Net Gain/Loss on Asset Sales | $15,854 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $16,326,619 |
| 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. | $1,005,613 |
| Compensation of current officers, directors, key employees. | $416,883 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,121,493 |
| Pension plan accruals and contributions | $57,598 |
| Other employee benefits | $405,264 |
| Payroll taxes | $426,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $13,044 |
| Fees for services: Accounting | $56,831 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $60,989 |
| Fees for services: Other | $615,410 |
| Advertising and promotion | $28,666 |
| Office expenses | $101,733 |
| Information technology | $265,093 |
| Royalties | $0 |
| Occupancy | $651,393 |
| Travel | $312,075 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $488,489 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $49,840 |
| Insurance | $43,077 |
| All other expenses | $1,778 |
| Total functional expenses | $9,920,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $919,217 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $322,732 |
| 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 | $282,062 |
| Net Land, buildings, and equipment | $108,781 |
| Investments—publicly traded securities | $14,197,973 |
| Investments—other securities | $5,588,112 |
| Investments—program-related | $100,000 |
| Intangible assets | $0 |
| Other assets | $2,819,494 |
| Total assets | $24,338,371 |
| Accounts payable and accrued expenses | $917,523 |
| Grants payable | $0 |
| Deferred revenue | $1,288,161 |
| 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 | $3,537,598 |
| Total liabilities | $5,743,282 |
| Net assets without donor restrictions | $18,595,089 |
| 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 | $24,338,371 |