Interstate Renewable Energy Council
- Assets
- $3.4m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 38
- Location
- Albany, NY
- Founding
- 02/1983
- Data as of
- 12/2023
- EIN
- 59-2201374
Organization Overview
Interstate Renewable Energy Council is located in Albany, NY. The organization was established in 1983. 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, Interstate Renewable Energy Council employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interstate Renewable Energy 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 12/2023, Interstate Renewable Energy Council generated $7.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.1% each year . All expenses for the organization totaled $7.6m during the year ending 12/2023. While expenses have increased by 14.2% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
INTERSTATE RENEWABLE ENERGY COUNCIL (IREC) BUILDS THE FOUNDATION FOR RAPID ADOPTION OF CLEAN ENERGY AND ENERGY EFFICIENCY TO BENEFIT PEOPLE, THE ECONOMY AND OUR PLANET.
Describe the Organization's Program Activity:
REGULATORY ENGAGEMENT: IREC ADVANCES POLICIES THAT ENABLE EFFICIENT & EQUITABLE DEPLOYMENT OF DISTRIBUTED ENERGY RESOURCES, SUCH AS ROOFTOP SOLAR AND ENERGY STORAGE. WE HOLD A UNIQUE POSITION AS AN INDEPENDENT PUBLIC INTEREST ORG WITH THE ENGINEERING AND LEGAL EXPERTISE TO EVALUATE AND IMPROVE POLICIES THAT DETERMINE HOW CLEAN ENERGY PROJECTS CAN CONNECT TO THE GRID, OFTEN THE ONLY SUCH GROUP PARTICIPATING IN CRITICAL POLICY DOCKETS BEFORE STATE UTILITY COMMISSIONS. AS OF 2023, IREC'S WORK HAS RESULTED IN IMPROVED STATEWIDE POLICIES IN AT LEAST 20 STATES (AZ,CA,CO,HI,IL,MA,MD,ME,MI,MN,MT,NJ,NM,NV,NY,OH,OR,UT,VT,WV). IREC ALSO PUBLISHED TECHNICAL RESOURCES & A NATIONAL STUDY ASSESSING INTERCONNECTION POLICIES THAT HAS SPURRED INTEREST AMONG STATES TO IDENTIFY IMPROVEMENTS.
WORKFORCE DEV: IREC SUPPORTS THE GROWTH OF A HIGHLY-TRAINED & INCLUSIVE WORKFORCE TO ENABLE THE RAPID EXPANSION OF CLEAN ENERGY INDUSTRIES. IN 2023, IREC PUBLISHED THE 13TH ANNUAL NATIONAL SOLAR JOBSCENSUS; CONCLUDED A PROJECT THAT TRAINED 75,000 BUILDING SAFETY AND CODE OFFICIALS FROM 2021- 24; LED THE 600+ MEMBER NATIONAL CLEAN ENERGY WORKFORCE ALLIANCE; CONNECTED HUNDREDS OF VETERANS WITH SOLAR CAREERS; OPERATED AS A DOL APPRENTICESHIP INTERMEDIARY PLACING 2,500+ CLEAN ENERGY APPRENTICES BY 2027; MAINTAINED ONE OF THE MOST WIDELY-USED CLEAN ENERGY TRAINING WEBSITES W/ EXPERT INFO ON CLEAN ENERGY CODES, STANDARDS, PERMITTING, AND INSPECTION; & LAUNCHED GREEN WORKFORCE CONNECT, A PLATFORM TO FACILITATE CONNECTIONS BETWEEN CAREER SEEKERS, EMPLOYERS, TRAINING PROVIDERS, & COMMUNITY GROUPS.
LOCAL INITIATIVES: IREC HELPS LOCAL GOVTS AND ORGS BRING CLEAN ENERGY TO CONSTITUENTS. THE SOLSMART PROGRAM PROVIDES FREE ASSISTANCE & RECOGNIZES COMMUNITIES FOR SOLAR BEST PRACTICES (117M AMERICANS LIVE IN SOLSMART- DESIGNATED COMMUNITIES, WHICH SEE 17% MORE INSTALLATIONS). IREC LAUNCHED THE CHARGING SMART PROGRAM TO ENABLE RAPID DEVELOPMENT OF COMMUNITY EV CHARGING INFRASTRUCTURE, & A PROGRAM TO INSTALL SOLAR+STORAGE RESILIENCE HUBS ON COMMUNITY FACILITIES ACROSS PUERTO RICO, PROVIDING RESIDENTS WITH ELECTRICITY ACCESS DURING PROLONGED BLACKOUTS. IREC PLAYED A CRITICAL ROLE IN IMPROVING THE MODEL CODES THAT MOST COMMUNITIES BASE THEIR LOCAL CODES ON (22 OF IREC'S PROPOSALS WERE ACCEPTED INTO THE MODEL CODES, CHANGES THAT WILL IMPROVE THE EFFICIENCY & SAFETY OF CLEAN ENERGY INSTALLATIONS).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Sherwood President / | Officer | 40 | $271,730 |
Radina Valova Employee | 40 | $146,543 | |
Kristen Hagerty Employee | 40 | $147,840 | |
Leslie Graham Employee | 40 | $136,298 | |
Scott Townley Employee | 40 | $137,659 | |
Gwen Brown Employee | 40 | $135,137 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shute Mihaly & Weinberger Reg Legal Svcs | 12/30/22 | $723,286 |
Plato Elearning Llc Dba Elearning Brothers Contract Servic | 12/30/22 | $244,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,871,433 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,121,064 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,992,497 |
| Total Program Service Revenue | $1,363,438 |
| Investment income | $7,649 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $22,430 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$22,720 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,372,220 |
| 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 | $2,885,680 |
| Pension plan accruals and contributions | $193,388 |
| Other employee benefits | $573,753 |
| Payroll taxes | $239,936 |
| Fees for services: Management | $1,369,872 |
| Fees for services: Legal | $756 |
| Fees for services: Accounting | $30,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $2,314 |
| Information technology | $28,833 |
| Royalties | $0 |
| Occupancy | $95,459 |
| Travel | $177,696 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,634 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $251,571 |
| Insurance | $38,687 |
| All other expenses | $144,635 |
| Total functional expenses | $7,600,918 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,623,700 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,330,413 |
| Accounts receivable, net | $2,083 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $20,000 |
| Prepaid expenses and deferred charges | $48,082 |
| Net Land, buildings, and equipment | $361,082 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,426 |
| Total assets | $3,410,786 |
| Accounts payable and accrued expenses | $732,577 |
| 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 | $19,396 |
| Total liabilities | $751,973 |
| Net assets without donor restrictions | $1,173,311 |
| Net assets with donor restrictions | $1,485,502 |
| 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 | $3,410,786 |