Residential Energy Services Networks Inc
- Assets
- $3.5m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 8
- Location
- Oceanside, CA
- Founding
- 12/1988
- Data as of
- 12/2022
- EIN
- 71-0652923
Organization Overview
Residential Energy Services Networks Inc is located in Oceanside, CA. The organization was established in 1988. According to its NTEE Classification (C03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Environment and related organizations. As of 12/2022, Residential Energy Services Networks Inc employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Residential Energy Services Networks Inc 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, Residential Energy Services Networks Inc generated $3.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 10.0% each year. All expenses for the organization totaled $3.5m during the year ending 12/2022. While expenses have increased by 8.1% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAKE THE ENERGY USE OF ALL HOMES TRANSPARENT, THEREBY DRIVING RESIDENTIAL SECTOR ENERGY USE TOWARD NET ZERO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIPMEMBERSHIP FOR RATING PROVIDERS, SOFTWARE PROVIDERS, ANDRATER TRAINING PROVIDERS INCLUDES ACCREDITATION. THIS ACCREDITATION IS RECOGNIZED BY THE MORTGAGE INDUSTRY, ENERGY CODE OFFICIALS, UTILITIES, THE US DEPARTMENT OF ENERGY, THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT, AND THE ENVIRONMENTAL PROTECTION AGENCY FOR THE VERIFICATION OF A HOME'S ENERGY EFFICIENCY.
ANNUAL CONFERENCENATIONAL CONFERENCE ON HOME ENERGY RATINGS AND BUILDING PERFORMANCE,DREW OVER 750 ATTENDEES TO LEARN FROM LEADING PROFESSIONALS IN THE FIELD ACROSS THE NATION AND INTERNATIONALLY.
EDUCATION, TRAINING, AND TESTINGRESNET TRAINS AND TESTS HOME ENERGY RATERS IN ITS ONGOING GROWING EDUCATION PROGRAM. RESNET ALSO ASSISTS IN DEVELOPING CERTIFICATION PROCEDURES FOR HOME ENERGY PERFORMANCE PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Baden Executive Direc | Trustee | 40 | $267,353 |
Ryan Meres Program Director | 40 | $116,230 | |
Valerie Briggs Communications Dir | 40 | $109,291 | |
Scott Doyle Quality Assurance | 40 | $108,855 | |
Cardice Howard Deputy Director | 40 | $107,355 | |
Laurel Elam Dir Quality Assura | 40 | $104,746 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Fourth Dimension Database Regist Web | 12/30/22 | $307,668 |
Nonprofit Resources Graphics, Admin, Conferen | 12/30/22 | $261,496 |
Vario Video & Video Production | 12/30/22 | $115,678 |
Winning Strategies Research, Admin, Lobbying | 12/30/22 | $102,000 |
Big Ladder Standards Development | 12/30/22 | $100,185 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,893,964 |
| 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 | $2,893,964 |
| Total Program Service Revenue | $566,126 |
| Investment income | $36,671 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,499,061 |
| 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. | $267,353 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $733,196 |
| Pension plan accruals and contributions | $24,794 |
| Other employee benefits | $184,020 |
| Payroll taxes | $73,175 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,388 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,195,094 |
| Advertising and promotion | $0 |
| Office expenses | $36,308 |
| Information technology | $3,444 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $138,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,719 |
| Insurance | $16,860 |
| All other expenses | $0 |
| Total functional expenses | $3,459,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,046,419 |
| Savings and temporary cash investments | $92,826 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,015,843 |
| 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 | $38,687 |
| Net Land, buildings, and equipment | $3,627 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $9,432 |
| Other assets | $1,246,775 |
| Total assets | $3,453,609 |
| Accounts payable and accrued expenses | $397,470 |
| Grants payable | $0 |
| Deferred revenue | $117,200 |
| 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 | $0 |
| Total liabilities | $514,670 |
| Net assets without donor restrictions | $2,938,939 |
| 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 | $3,453,609 |