Northeast Energy Efficiency Partnerships Inc
- Assets
- $4.1m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 41
- Location
- Woburn, MA
- Founding
- 02/2017
- Data as of
- 12/2023
- EIN
- 81-3283869
Organization Overview
Northeast Energy Efficiency Partnerships Inc is located in Woburn, MA. The organization was established in 2017. 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, Northeast Energy Efficiency Partnerships Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Northeast Energy Efficiency Partnerships Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE REGIONAL COLLABORATION TO PROMOTE ADVANCED ENERGY EFFICIENCY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HEATING ELECTRIFICATION MARKET TRANSFORMATION - HEATING EFFICIENTLY WITH RENEWABLE ELECTRICITY INSTEAD OF DIRECTLY BURNING FOSSIL FUELS FOR SPACE AND WATER HEATING CAN REDUCE POLLUTION, LOWER COSTS, AND SUPPORT ECONOMIC DEVELOPMENT. IMPROVED HEAT PUMP TECHNOLOGIES, COUPLED WITH A DECARBONIZING GRID AND STATE AND LOCAL GOVERNMENT MANDATES, HAVE CREATED NEW OPPORTUNITIES TO FOCUS POLICY AND PROGRAMS TO SIGNIFICANTLY REDUCE THE ENERGY AND CARBON FOOTPRINT OF EXISTING HOMES AND BUILDINGS IN THE NORTHEAST AND MID-ATLANTIC.
STATES AND COMMUNITIES; RETROFIT MODELS; SUMMIT; HEATING ELECTRIFICATION WORKSHOP; EVENTS; GRID-INTERACTIVE HOMES AND BUILDINGS
BUILDING ENERGY CODES AND APPLIANCE STANDARDS - BUILDING ENERGY CODES AND APPLIANCE STANDARDS ARE AN ESSENTIAL PATHWAY TO REDUCE DEMAND, ENERGY CONSUMPTION, AND GREENHOUSE GAS EMISSIONS, DRIVE HIGH PERFORMANCE BUILDING PRACTICES, PROTECT CONSUMERS, AND GROW LOCAL ECONOMIES. THESE COST-EFFECTIVE REGULATORY TOOLS ENSURE THAT BUILDINGS AND HOMES MEET AND EXCEED MINIMUM ENERGY EFFICIENCY PERFORMANCE, RESULTING IN COMMUNITIES THAT ARE COMPRISED OF HEALTHY AND RESILIENT HOMES THAT ARE SAFEGUARDED AGAINST EXPENSIVE AND DISRUPTIVE FUTURE RETROFITS.
PUBLIC POLICY AND PROGRAMS - SUCCESSFUL TRANSITION TO ZERO CARBON BUILDINGS AND HOMES WILL REQUIRE MARKET TRANSFORMATION WITH ADVANCED TECHNOLOGICAL SOLUTIONS AND EQUITABLE POLICY MECHANISMS. CRITICAL POLICY AREAS INCLUDE COMPREHENSIVE STATE AND UTILITY POLICY, MAXIMIZING FEDERAL PROGRAMS AND FUNDING OPPORTUNITY, BUILDING REGULATION, FEDERAL REGULATION, AND ROBUST EVALUATION, MEASUREMENT, AND VERIFICATION (EM&V).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marion Gold Board President | OfficerTrustee | 2 | $0 |
Tina Bennett Board Vice President | OfficerTrustee | 2 | $0 |
Steven Nadel Board Treasurer | OfficerTrustee | 2 | $0 |
William Ellis Board Clerk | OfficerTrustee | 2 | $0 |
Scott Johnstone Past Board President | OfficerTrustee | 2 | $0 |
Rebecca Boll Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ecocfo Llc Accounting Services | 12/30/23 | $223,479 |
Ul Llc Product Testing Services | 12/30/23 | $176,796 |
Cohen Ventures Inc Database Hosting & Maintenance | 12/30/23 | $154,898 |
Dnv Energy Insights Inc Energy Efficiency Consulting | 12/30/23 | $197,966 |
The Jpi Group Llc Workforce Development Services | 12/30/23 | $147,797 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $336,850 |
| All other contributions, gifts, grants, and similar amounts not included above | $905,562 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,242,412 |
| Total Program Service Revenue | $3,083,344 |
| Investment income | $63,155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,125 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,389,104 |
| 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. | $240,409 |
| Compensation of current officers, directors, key employees. | $77,437 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,923,886 |
| Pension plan accruals and contributions | $73,549 |
| Other employee benefits | $170,792 |
| Payroll taxes | $187,445 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,103 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $12,292 |
| Fees for services: Other | $1,455,042 |
| Advertising and promotion | $0 |
| Office expenses | $158,318 |
| Information technology | $56,418 |
| Royalties | $0 |
| Occupancy | $54,071 |
| Travel | $62,351 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $172,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $51,345 |
| Insurance | $19,879 |
| All other expenses | $0 |
| Total functional expenses | $4,640,245 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $273,905 |
| Savings and temporary cash investments | $389,508 |
| Pledges and grants receivable | $645,201 |
| Accounts receivable, net | $752,975 |
| 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 | $33,909 |
| Net Land, buildings, and equipment | $188,234 |
| Investments—publicly traded securities | $1,847,474 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,600 |
| Total assets | $4,134,806 |
| Accounts payable and accrued expenses | $325,392 |
| Grants payable | $0 |
| Deferred revenue | $581,958 |
| 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 | $907,350 |
| Net assets without donor restrictions | $2,666,821 |
| Net assets with donor restrictions | $560,635 |
| 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 | $4,134,806 |