Global Energy Monitor
- Assets
- $5.9m
- Revenue
- $9.3m
- Investments
- $0.0
- Employees
- 70
- Location
- Covina, CA
- Founding
- 02/2018
- Data as of
- 12/2023
- EIN
- 82-2723327
Organization Overview
Global Energy Monitor is located in Covina, CA. The organization was established in 2018. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2023, Global Energy Monitor employed 70 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Energy Monitor 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, Global Energy Monitor generated $9.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.8% each year . All expenses for the organization totaled $8.3m during the year ending 12/2023. While expenses have increased by 65.8% per year over the past 6 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
GLOBAL ENERGY MONITOR DEVELOPS AND ANALYZES DATA ON ENERGY INFRASTRUCTURE, RESOURCES, AND USES. WE PROVIDE OPEN ACCESS TO INFORMATION THAT IS ESSENTIAL TO BUILDING A SUSTAINABLE ENERGY FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OIL & GAS: GLOBAL ENERGY MONITOR'S OIL AND GAS PROGRAM INCLUDES PROJECTS TRACKING OIL AND GAS EXTRACTION, INFRASTRUCTURE, POWER PLANTS, AND REGIONAL GAS PRODUCTION, AS WELL AS A WEEKLY NEWSLETTER. CUMULATIVELY, THESE PROJECTS ACCOUNT FOR MORE THAN 5,000 GLOBAL OIL AND GAS EXTRACTION AREAS, OVER 1,100 PIPELINE PROJECTS, 439,000 KM OF PIPELINES, AND 12,000+ OIL AND GAS POWER UNITS. THE TRACKERS PROVIDE INTERACTIVE MAPS AND TABLES ON GEM'S WEBSITE. THE MAPS AND TABLES ALLOW USERS TO SEE THE LOCATION AND SATELLITE IMAGERY OF INDIVIDUAL FACILITIES AND TO CLICK ON LINKS PROVIDING FOOTNOTED WIKI PAGES ON EACH FACILITY. TRACKER DATA IS ALSO PROVIDED IN SPREADSHEET FORMAT TO RESEARCHERS AT NONPROFIT GROUPS, UNIVERSITIES, INTERNATIONAL AGENCIES, AND MEDIA ORGANIZATIONS.
RENEWABLES: GLOBAL ENERGY MONITOR'S RENEWABLES PROGRAM INCLUDES PROJECTS TRACKING SOLAR POWER, WIND POWER, HYDROPOWER, GEOTHERMAL POWER, BIOENERGY, AND NUCLEAR POWER. CUMULATIVELY, THESE PROJECTS ACCOUNT FOR MORE THAN 20,000 SOLAR FARM PHASES, NEARLY 4,000 HYDROPOWER PROJECTS, AND 1,300+ GIGAWATTS OF NUCLEAR PLANT CAPACITY. MORE THAN 26,000 WIND FARM PHASES, THE TRACKERS PROVIDE INTERACTIVE MAPS AND TABLES ON GEM'S WEBSITE. THE MAPS AND TABLES ALLOW USERS TO SEE THE LOCATION AND SATELLITE IMAGERY OF INDIVIDUAL FACILITIES AND TO CLICK ON LINKS PROVIDING FOOTNOTED WIKI PAGES ON EACH FACILITY. TRACKER DATA IS ALSO PROVIDED IN SPREADSHEET FORMAT TO RESEARCHERS AT NONPROFIT GROUPS, UNIVERSITIES, INTERNATIONAL AGENCIES, AND MEDIA ORGANIZATIONS.OTHER PROGRAMS: OTHER PROJECTS AT GEM INCLUDE CROSS-CUTTING WORK SUCH AS OUR GLOBAL METHANE EMITTERS TRACKER AND PRIVATE EQUITY TRACKER, WHICH EXAMINE TRENDS IN EMISSIONS, FINANCE, AND OTHER RELEVANT TOPICS ACROSS A RANGE OF ENERGY SECTORS.
COAL: GLOBAL ENERGY MONITOR'S COAL PROGRAM INCLUDES PROJECTS TRACKING COAL PLANTS, MINES, TERMINALS, AND FINANCE, AS WELL AS A WEEKLY NEWSLETTER. CUMULATIVELY, THESE PROJECTS ACCOUNT FOR MORE THAN 13,000 COAL PLANTS UNITS, 2,000+ PLANT OWNERS, 4,300 COAL MINES, AND 12 BILLION TONS OF CARBON DIOXIDE EMITTED ANNUALLY. THE TRACKERS PROVIDE INTERACTIVE MAPS AND TABLES ON GEM'S WEBSITE. THE MAPS AND TABLES ALLOW USERS TO SEE THE LOCATION AND SATELLITE IMAGERY OF INDIVIDUAL FACILITIES AND TO CLICK ON LINKS PROVIDING FOOTNOTED WIKI PAGES ON EACH FACILITY. TRACKER DATA IS ALSO PROVIDED IN SPREADSHEET FORMAT TO RESEARCHERS AT NONPROFIT GROUPS, UNIVERSITIES, INTERNATIONAL AGENCIES, AND MEDIA ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Theodore Nace President | OfficerTrustee | 24 | $178,880 |
Louisa Plotnick Associate Director | 40 | $126,887 | |
Mason Inman Data Director | 40 | $141,003 | |
Joshua Kruskal Dir Fin & Ops | Officer | 40 | $119,172 |
Ryan Tate Associate Director | 40 | $120,725 | |
Caitlin Swalec Program Director | 40 | $108,865 |
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 | $9,017,975 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $9,017,975 |
| Total Program Service Revenue | $245,400 |
| Investment income | $46,620 |
| 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 | $9,309,831 |
| 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. | $356,143 |
| Compensation of current officers, directors, key employees. | $165,441 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,662,630 |
| Pension plan accruals and contributions | $203,884 |
| Other employee benefits | $531,714 |
| Payroll taxes | $409,809 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $31,127 |
| Fees for services: Accounting | $40,484 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $845,628 |
| Advertising and promotion | $9,882 |
| Office expenses | $41,982 |
| Information technology | $150,259 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $35,346 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,308 |
| All other expenses | $0 |
| Total functional expenses | $8,332,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $765,086 |
| Savings and temporary cash investments | $1,196,558 |
| Pledges and grants receivable | $3,461,828 |
| Accounts receivable, net | $0 |
| 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 | $269,917 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $164,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $5,857,859 |
| Accounts payable and accrued expenses | $772,905 |
| 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 | $0 |
| Total liabilities | $772,905 |
| Net assets without donor restrictions | $580,063 |
| Net assets with donor restrictions | $4,504,891 |
| 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 | $5,857,859 |