North Carolina Sustainable Energy Association
- Assets
- $2.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 27
- Location
- Raleigh, NC
- Founding
- 03/1979
- Data as of
- 06/2023
- EIN
- 58-1342588
Organization Overview
North Carolina Sustainable Energy Association is located in Raleigh, NC. The organization was established in 1979. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 06/2023, North Carolina Sustainable Energy Association employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Sustainable Energy Association 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 06/2023, North Carolina Sustainable Energy Association generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $3.2m during the year ending 06/2023. While expenses have increased by 2.5% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
WE ENVISION A FUTURE WHERE NORTH CAROLINA'S CLEAN ENERGY ECONOMY LEADS THE NATION AND SERVES AS A MODEL FOR OTHER STATES. TOGETHER WITH OUR MEMBERSHIP, NCSEA IS BLAZING THE PATH TOWARD THIS VISION, WHERE THE POSSIBILITIES AND BENEFITS FOR OUR STATE AND LOCAL ECONOMIES ARE ENDLESS, INCLUDING:- AFFORDABILITY OF CLEAN ENERGY- ACCESS BY ALL CONSUMERS TO CLEAN ENERGY- JOB GROWTH THROUGH CLEAN ENERGY MARKET ACTIVITY- AMOUNT OF CLEAN ENERGY CAPACITY DEPLOYED IN THE MARKET BY INDUSTRY, CONSUMERS, UTILITIES- AMOUNT OF ENERGY DEMAND REDUCED- INCREASED BIPARTISAN SUPPORT FOR TRANSFORMING THE ENERGY SYSTEM- DECLINING POLLUTION AND WASTE- IMPROVED ENERGY EQUITY- IMPROVED QUALITY OF LIFE AND BUSINESS CLIMATE FOR CLEAN ENERGY WITH EXPANDED ECONOMIC DEVELOPMENT AND LOCAL TAX BASE EXPANSIONOUR GOAL IS TO CULTIVATE A ROBUST CLEAN ENERGY ECOSYSTEM THAT UNIFIES AND BENEFITS ALL OF ITS STAKEHOLDERS: CONSUMERS, BUSINESSES, THE CLEAN ENERGY INDUSTRY AND UTILITY ENERGY PROVIDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCT PUBLIC POLICY ADVOCACY INCLUDING MARKET AND POLICY RESEARCH, ANALYSIS, FACILITATION OF STAKEHOLDER DIALOGUE AND PROBLEM SOLVING, AND PARTICIPATING IN REGULATORY AND POLICY DECISION-MAKING PROCESSES AS IT RELATES TO SUSTAINABLE PLANNING, PROVISION AND USE OF ENERGY.
DEVELOP AND TEST MARKET-BASED, DATA DRIVEN SOLUTIONS FOR UTILITIES, CONSUMERS, AND CLEAN ENERGY PROVIDERS TO IMPROVE THE AFFORDABILITY, ACCESSIBILITY, AND RESILIENCE OF BOTH INDIVIDUAL CLEAN ENERGY SOLUTIONS AND ELECTRICITY SYSTEM AND SERVICES PROVIDED ACROSS THE SYSTEM.
PROVIDE EDUCATION ON CLEAN ENERGY THROUGH RESEARCH, ONLINE CONTENT, PUBLICATIONS, CONFERENCES, WORKING GROUPS, AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vanessa King Board Chair | OfficerTrustee | 2 | $0 |
Chase Counts Board Member | Trustee | 1 | $0 |
Sara Telano Chair Of Finance And Audit Committee | OfficerTrustee | 1 | $0 |
Rogelio Sullivan Chair Of Nominating & Governance Committee | Trustee | 1 | $0 |
Riza Redd Jenkins Chair Of Ed&i Committee | Trustee | 1 | $0 |
Steve Kalland Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,481 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,993,418 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,109,899 |
| Total Program Service Revenue | $362,444 |
| Investment income | $11,202 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,485,158 |
| 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. | $548,724 |
| Compensation of current officers, directors, key employees. | $76,821 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,146,788 |
| Pension plan accruals and contributions | $12,538 |
| Other employee benefits | $55,292 |
| Payroll taxes | $126,285 |
| Fees for services: Management | $281,616 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $135,738 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $338,870 |
| Advertising and promotion | $38,380 |
| Office expenses | $39,100 |
| Information technology | $53,286 |
| Royalties | $0 |
| Occupancy | $185,816 |
| Travel | $47,791 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $117,626 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,275 |
| Insurance | $13,422 |
| All other expenses | $0 |
| Total functional expenses | $3,190,114 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $554,881 |
| Savings and temporary cash investments | $939,635 |
| Pledges and grants receivable | $70,000 |
| Accounts receivable, net | $94,749 |
| 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 | $25,851 |
| Net Land, buildings, and equipment | $25,765 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $32,000 |
| Other assets | $333,481 |
| Total assets | $2,076,362 |
| Accounts payable and accrued expenses | $170,137 |
| Grants payable | $0 |
| Deferred revenue | $75,557 |
| 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 | $361,445 |
| Total liabilities | $607,139 |
| Net assets without donor restrictions | $1,093,637 |
| Net assets with donor restrictions | $375,586 |
| 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 | $2,076,362 |