Advanced Energy Institute
- Assets
- $20.0m
- Revenue
- $21.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2009
- Data as of
- 12/2023
- EIN
- 80-0373801
Organization Overview
Advanced Energy Institute is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Energy Institute 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, Advanced Energy Institute generated $21.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 23.6% each year . All expenses for the organization totaled $9.8m during the year ending 12/2023. While expenses have increased by 11.6% per year over the past 9 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.
Since 2015, Advanced Energy Institute has awarded 30 individual grants totaling $1,283,884. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS OF THE PUBLIC BENEFITS AND OPPORTUNITIES OF ADVANCED ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DRIVING TECHNOLOGY ADOPTION: U.S. ENERGY POLICY IS PRIMARILY DETERMINED AT THE STATE AND LOCAL LEVEL AND ADVANCED ENERGY INSTITUTE ("INSTITUTE") CARRIES OUT ITS MISSION BY PROVIDING A PLATFORM FOR THE DISCUSSION OF ADVANCED ENERGY ISSUES AND THE DEVELOPMENT OF POLICY FRAMEWORKS FOR USE BY A RANGE OF STATE AND REGIONAL STAKEHOLDERS ACROSS VARIOUS STATES. IN ARTICULATING THE PUBLIC BENEFITS OF ADVANCED ENERGY, THE INSTITUTE SHARES COMMUNICATIONS EXPERTISE AND POLICY ANALYSES OF THE ADVANCED ENERGY BUSINESS SECTOR WITH STATE AND REGIONAL PARTNER ORGANIZATIONS, POLICY MAKERS AND OTHER INTERESTED PARTIES.
EXPANDING WHOLESALE MARKETS: THIS INITIATIVE SEEKS TO ELIMINATE BARRIERS TO THE PARTICIPATION OF ADVANCED ENERGY TECHNOLOGIES IN COMPETITIVE WHOLESALE MARKETS. THIS WORK INCLUDES, BUT IS NOT LIMITED TO, REFORMING LEGAL INDEPENDENT SYSTEM OPERATOR AND REGIONAL TRANSMISSION ORGANIZATION (ISO/RTO) MARKET RULES AND OPERATING PRACTICES THAT RESTRICT OR LIMIT THE ABILITY OF ADVANCED ENERGY TECHNOLOGIES TO PARTICIPATE IN THE MARKETS, PURSUING NEW MARKET DESIGNS THAT BETTER ACCOMODATE AND TAKE ADVANTAGE OF THE UNIQUE PHYSICAL AND OPERATIONAL CHARACTERISTICS OF ADVANCED ENERGY TECHNOLOGIES, AND OPPOSING MARKET RULE PROPOSALS THAT WOULD UNFAIRLY DISADVANTAGE ADVANCED ENERGY TECHNOLOGIES OR GIVE UNDUE PREFERENCE TO INCUMBENT TECHNOLOGIES.
DECISION MAKER EDUCATION AND ENGAGEMENT: THE INSTITUTE WORKS TO HELP STATE REGULATORS, STATE ENERGY OFFICE OFFICIALS, AND CANDIDATES FOR GOVERNOR AND LEGISLATURE BETTER UNDERSTAND ADVANCED ENERGY PRODUCTS, SERVICES, AND BUSINESS MODELS. THROUGH ENGAGEMENT, BUSINESS ROUNDTABLES, AND EDUCATIONAL FORUMS, THE INSTITUTE EDUCATES CANDIDATES, COMMISSIONERS, ENERGY OFFICE OFFICIALS, AND STAFF MEMBERS ABOUT THE BENEFITS ADVANCED ENERGY TECHNOLOGIES AND SERVICES CAN PROVIDE TO CUSTOMERS AND THE ELECTRIC POWER SYSTEM AND HELPS TO SOLVE THE CHALLENGES IN OBTAINING THESE BENEFITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sudeen Kelly Chair | OfficerTrustee | 1 | $0 |
Hemant Taneja Director | Trustee | 1 | $0 |
Ted White Director | Trustee | 1 | $0 |
Matt Rogers Director | Trustee | 1 | $0 |
Audrey Zibelman Director | Trustee | 1 | $0 |
Robert Kreamer CEO (ending 02/23) | Officer | 18 | $109,078 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Strategen Consulting Inc Consulting | 12/30/23 | $260,706 |
Battleaxe Digital Digital Ads | 12/30/23 | $232,000 |
Be Clear Llc Communications | 12/30/23 | $157,925 |
Nexstar Media Inc Digital Ads | 12/30/23 | $115,000 |
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 | $21,188,340 |
| Noncash contributions included in lines 1a–1f | $2,503,220 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $21,188,340 |
| Total Program Service Revenue | $0 |
| Investment income | $141,492 |
| 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 | $21,329,832 |
| 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. | $471,901 |
| Compensation of current officers, directors, key employees. | $54,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,090,794 |
| Pension plan accruals and contributions | $113,681 |
| Other employee benefits | $401,626 |
| Payroll taxes | $529,191 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,112 |
| Fees for services: Accounting | $3,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $267 |
| Fees for services: Other | $1,475,701 |
| Advertising and promotion | $533,337 |
| Office expenses | $82,128 |
| Information technology | $252,995 |
| Royalties | $0 |
| Occupancy | $98,133 |
| Travel | $286,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $186,904 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $9,764,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,645,498 |
| Savings and temporary cash investments | $6,237,290 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,100,000 |
| 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 | $12,402 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $999,985 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $19,995,175 |
| Accounts payable and accrued expenses | $264,048 |
| 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 | $2,091,348 |
| Total liabilities | $2,355,396 |
| Net assets without donor restrictions | $2,569,045 |
| Net assets with donor restrictions | $15,070,734 |
| 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 | $19,995,175 |
Grants Awarded
Over the last fiscal year, Advanced Energy Institute has awarded $98,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CLEAN ENERGY ECONOMY MINNESOTA PURPOSE: State Federal Climate Initiative Education | $30,000 |
MICHIGAN ENERGY INNOVATION BUSINESS COUNCIL PURPOSE: State/Federal Advocacy | $30,000 |
NATIONAL CONFERENCE OF STATE LEGISLATURES PURPOSE: 2021 Sponsorship & Energy Supply Task Force | $22,500 |
NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONERS PURPOSE: 2021 sponsorship and support | $5,500 |
STATE LEGISLATIVE LEADERS FOUNDATION INC PURPOSE: 2021 NCEL National Forum, July 29-30 online | $10,000 |