Gridlab Inc
- Assets
- $2.7m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 5
- Location
- Berkeley, CA
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 82-4198360
Organization Overview
Gridlab Inc is located in Berkeley, CA. The organization was established in 2019. 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, Gridlab Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gridlab 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 12/2023, Gridlab Inc generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 42.3% each year . All expenses for the organization totaled $4.2m during the year ending 12/2023. While expenses have increased by 49.3% 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
GRIDLAB PROVIDES TECHNICAL GRID EXPERTISE TO ENHANCE POLICY DECISION-MAKING AND TO ENSURE A RAPID TRANSITION TO A RELIABLE, COST EFFECTIVE, AND LOW CARBON FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TECHNICAL GRID EXPERTISE TO ENHANCE POLICY DECISION-MAKING AND TO ENSURE A RAPID TRANSITION TO A RELIABLE, COST EFFECTIVE, AND LOW CARBON FUTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ric O'connell President & Ed | OfficerTrustee | 40 | $243,794 |
Priya Sreedharan Program Director | 40 | $194,145 | |
Casey Baker Senior Program Man | 40 | $102,165 | |
Taylor Mcnair Program Manager | 40 | $101,581 | |
Curtis Seymour Sctry/treasurer | OfficerTrustee | 1 | $0 |
Mark Ahlstrom Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Energy Strategies Inc Program Tech Assistance | 12/30/23 | $256,597 |
Energy & Climate Trans Program Tech Assistance | 12/30/23 | $400,000 |
Grid Status Inc Program Tech Assistance | 12/30/23 | $210,000 |
Np Energy Llc Program Tech Assistance | 12/30/23 | $140,450 |
Telos Energy Program Tech Assistance | 12/30/23 | $310,880 |
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 | $3,885,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,885,000 |
| Total Program Service Revenue | $412,500 |
| Investment income | $38,698 |
| 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 | $4,336,198 |
| 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. | $294,248 |
| Compensation of current officers, directors, key employees. | $28,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $491,521 |
| Pension plan accruals and contributions | $2,154 |
| Other employee benefits | $52,556 |
| Payroll taxes | $49,313 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,041,868 |
| Advertising and promotion | $4,143 |
| Office expenses | $20,441 |
| Information technology | $10,772 |
| Royalties | $0 |
| Occupancy | $53,248 |
| Travel | $30,116 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,364 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,983 |
| All other expenses | $0 |
| Total functional expenses | $4,151,653 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $66,854 |
| Savings and temporary cash investments | $2,214,228 |
| Pledges and grants receivable | $229,000 |
| 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 | $6,326 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $157,160 |
| Total assets | $2,673,568 |
| Accounts payable and accrued expenses | $287,006 |
| 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 | $163,104 |
| Total liabilities | $450,110 |
| Net assets without donor restrictions | $744,747 |
| Net assets with donor restrictions | $1,478,711 |
| 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 | $2,673,568 |