Alltricity Network
- Assets
- $1.8m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 5
- Location
- Centennial, CO
- Founding
- 02/1937
- Data as of
- 12/2022
- EIN
- 84-0306025
Organization Overview
Alltricity Network is located in Centennial, CO. The organization was established in 1937. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Alltricity Network employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alltricity Network is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Alltricity Network generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PREPARING THE ELECTRIC ENERGY INDUSTRY FOR THE FUTURE THROUGH EDUCATION AND NETWORKING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RMEL'S VISION IS OUR MISSION REALIZED. EVERY EFFORT BY RMEL STAFF, BOARD AND VOLUNTEERS IS FOCUSED ON ACHIEVING THIS VISION FOR THE ASSOCATION. THIS IS THE ULTIMATE DESTINATION OF OUR JOURNEY THROUGH ASSOCIATION AND INDUSTRY CHALLENGES. WITH EVERY DECISION AND EFFORT ON BEHALF OF THE ASSOCATION, THE IMPACT ON THE VISION WILL BE CONSIDERED.RMEL WILL BE THE RESOURCE EVERY ELECTRIC UTILITY EMPLOYEE CAN COUNT ON BECAUSE IT PROVIDES ACCESS TO A KNOWLEDGE BANK OF EXPERIENCES AND PEOPLE THAT HAVE SOLUTIONS. FROM TRAINING AND EDUCATION VENUES TO THE EXCHANGING OF INFORMATION WITH A FELLOW MEMBER, RMEL WILL HELP MAKE EACH ELECTRIC ENERGY JOB EASIER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal Walker Board Director | Trustee | 1 | $0 |
Lisa Olson Vice President Education | OfficerTrustee | 2 | $0 |
Ken Wilmot Board Director | Trustee | 1 | $0 |
Mike Kotara Past President | OfficerTrustee | 2 | $0 |
Rick Putnicki Secretary | OfficerTrustee | 40 | $242,336 |
Kyle Williams Vice President Finance | OfficerTrustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,146,938 |
| Investment income | $20,077 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $33,379 |
| 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 | $1,200,394 |
| 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. | $242,336 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $230,839 |
| Pension plan accruals and contributions | $83,666 |
| Other employee benefits | $31,397 |
| Payroll taxes | $31,415 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,409 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $8,829 |
| Advertising and promotion | $75,191 |
| Office expenses | $95,703 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,220 |
| Travel | $35,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $531,848 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $879 |
| Insurance | $6,907 |
| All other expenses | $0 |
| Total functional expenses | $1,482,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,153 |
| Savings and temporary cash investments | $636,092 |
| Pledges and grants receivable | $0 |
| 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 | $6,156 |
| Net Land, buildings, and equipment | $6,197 |
| Investments—publicly traded securities | $1,065,818 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,574 |
| Total assets | $1,825,990 |
| Accounts payable and accrued expenses | $62,708 |
| Grants payable | $0 |
| Deferred revenue | $260,048 |
| 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 | $322,756 |
| Net assets without donor restrictions | $1,503,234 |
| Net assets with donor restrictions | $0 |
| 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 | $1,825,990 |