Energy For Growth Hub
- Assets
- $12.7m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 03/2019
- Data as of
- 12/2023
- EIN
- 83-1609680
Organization Overview
Energy For Growth Hub is located in Washington, DC. 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, Energy For Growth Hub employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy For Growth Hub 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, Energy For Growth Hub generated $4.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.8% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. 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
REDUCE POVERTY AND PROMOTE ECONOMIC OPPORTUNITY IN AFRICA AND ASIA BY USING DATA TO IMPROVE THE PROVISION AND QUALITY OF ELECTRICITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ENERGY FOR GROWTH HUB IS A GLOBAL NONPROFIT NETWORK OF RESEARCHERS AND ADVOCATES PROMOTING LARGE-SCALE ENERGY SOLUTIONS. THE HUB CONDUCTS RESEARCH, ANALYZES DATA, AND GENERATES EVIDENCE-BASED POLICY SOLUTIONS. WE CREATE AND DELIVER INSIGHTS ABOUT MODERN ENERGY SYSTEMS AND PROVIDE A PLATFORM FOR RESEARCH IDEAS AND POLICY ENGAGEMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Todd Moss Executive Director | OfficerTrustee | 40 | $420,328 |
Rachel Pritzker Chair | OfficerTrustee | 1 | $0 |
Ben Leo Secretary | OfficerTrustee | 1 | $0 |
Linda Oramasionwu Treasurer | OfficerTrustee | 1 | $0 |
Sheila Herrling Director | Trustee | 1 | $0 |
Tisha Schuller Director | Trustee | 1 | $0 |
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 | $4,650,643 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,650,643 |
| Total Program Service Revenue | $0 |
| Investment income | $320,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$41,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,929,450 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
| 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. | $494,319 |
| Compensation of current officers, directors, key employees. | $44,587 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $528,762 |
| Pension plan accruals and contributions | $32,003 |
| Other employee benefits | $75,353 |
| Payroll taxes | $53,827 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $63,601 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,882 |
| Fees for services: Other | $954,782 |
| Advertising and promotion | $0 |
| Office expenses | $17,143 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $77,195 |
| Travel | $96,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,738 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,433 |
| Insurance | $4,669 |
| All other expenses | $0 |
| Total functional expenses | $2,594,129 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $269,983 |
| Savings and temporary cash investments | $1,423,267 |
| Pledges and grants receivable | $1,312,868 |
| 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 | $3,144 |
| Net Land, buildings, and equipment | $6,374 |
| Investments—publicly traded securities | $9,659,560 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $12,675,196 |
| Accounts payable and accrued expenses | $21,973 |
| 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 | $21,973 |
| Net assets without donor restrictions | $5,717,417 |
| Net assets with donor restrictions | $6,935,806 |
| 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 | $12,675,196 |
Grants Awarded
Over the last fiscal year, Energy For Growth Hub has awarded $115,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COLORADO SCHOOL OF MINES PURPOSE: GRADUATE FELLOWSHIP FUND | $80,000 |
JOHN HOPKINS UNIVERSITY PURPOSE: RESEARCH | $35,000 |