Western Energy Institute
- Assets
- $5.1m
- Revenue
- $5.4m
- Investments
- $0.0
- Employees
- 23
- Location
- Portland, OR
- Founding
- 01/1992
- Data as of
- 09/2023
- EIN
- 93-1068802
Organization Overview
Western Energy Institute is located in Portland, OR. The organization was established in 1992. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Western Energy Institute employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Energy Institute 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 09/2023, Western Energy Institute generated $5.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $5.3m during the year ending 09/2023. While expenses have increased by 4.9% per year over the past 8 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
TO FACILITATE AND PROMOTE THE PROGRESS OF THE ELECTRIC AND NATURAL GAS INDUSTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXECUTIVE LEADERSHIP SUMMITS (ADMINISTRATIVE MEETINGS): ANNUAL MEETING, BOARD OF DIRECTORS, BUSINESS ACUMEN ALUMNI SUMMIT, BUSINESS ACUMEN FOR EMERGING LEADERS, EXECUTIVE PLANNING COMMITTEE, WOMEN IN LEADERSHIP - BRILLIANCE & EXCELLENCE.
EXECUTIVE FORUMS: CHIEF INFORMATION OFFICER, CORPORATE COMMUNCATIONS, CORPORATE PERFORMANCE MANAGEMENT, CUSTOMER STRATEGIES, ENERGY MANAGEMENT, FACILITIES AND WORKPLACE EXPERIENCE, GENERAL COUNSEL, HUMAN RESOURCES, INCIDENT MANAGEMENT AND ORGANIZATIONAL RESILIENCY - 2023, INTEGRATED RESOURCE PLANNING, KEY ACCOUNTS, OPERATIONS BUSINESS STRATEGIES - ELECTRIC, RENEWABLE NATURAL GAS, STRATEGIC PLANNING, SUBSTATION OPERATIONS, SUPPLY CHAIN STRATEGIES, TALENT MANAGEMENT, WESTERN REGION MUTUAL ASSISTANCE AGREEMENT (WRMAA) ANNUAL MEETING, WESTERN UTILITIES FINANCIAL FORUM, WILDFIRE PLANNING AND MITIGATION.SEE INDUSTRY FORUMS ON SCHEDULE O.INDUSTRY FORUMS: CLAIMS AND DAMAGE RECOVERY, CUSTOMER AND CORPORATE SYMPOSIUM, EMERGENCY RESPONSE AND ASSISTANCE PRACTICES, FLEET MANAGEMENT, HYDROGEN ENGINEERS, JOINT USE CONFERENCE, OPERATIONS CONFERENCE, OVERHEAD UNDERGROUND ELECTRIC DISTRIBUTION, PROCUREMENT MANAGEMENT, PROJECT MANAGEMENT AND UTILITIES, SAFETY SUMMIT, SECONDARY NETWORK, TRANSPORTATION ELECTRIFICATION, UTILITY POLE AND OVERHEAD SYSTEMS, WEI WEBINAR SERIES, WOMEN IN ENERGY SYMPOSIUM.OUR MEMBERSHIP IS COMPOSED OF 80 ENERGY COMPANIES, INCLUDING GAS PIPELINE, ELECTRIC AND GAS DISTRIBUTION, ELECTRIC GENERATION, POWER MARKETERS AND MORE THAN 230 INDUSTRY SERVICE PROVIDERS.
SKILLS DEVELOPMENT: DUAL UTILITY FUNDAMENTALS AND INSIGHTS, ELECTRIC UTILITY FUNDAMENTALS AND INSIGHTS, GAS UTILITY FUNDAMENTALS AND INSIGHTS, HANDS-ON RELAY SCHOOL, INCIDENT COMMAND SYSTEM (ICS) IMMERSIVE, NORTHWEST ELECTRIC METER SCHOOL, POWER QUALITY SCHOOL, PROFESSIONAL DEVELOPMENT SERIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Tewelis Board Member | Trustee | 1 | $0 |
Melanie Bayley Board Member | Trustee | 1 | $0 |
Jason Sharpe Board Member | Trustee | 1 | $0 |
Dennis Vermillion Board Member | Trustee | 1 | $0 |
Heather Rosentrater Board Member | Trustee | 1 | $0 |
Charlotte Mitha Board Member | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $5,133,016 |
| Investment income | $59,031 |
| 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 | $5,352,697 |
| 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. | $223,835 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,074,961 |
| Pension plan accruals and contributions | $205,781 |
| Other employee benefits | $162,560 |
| Payroll taxes | $192,274 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,780 |
| Fees for services: Accounting | $35,084 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $6,440 |
| Fees for services: Other | $226,806 |
| Advertising and promotion | $0 |
| Office expenses | $132,593 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,244 |
| Travel | $124,978 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $343,658 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,678 |
| Insurance | $17,336 |
| All other expenses | $16,815 |
| Total functional expenses | $5,265,351 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,234 |
| Savings and temporary cash investments | $1,921,420 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $107,357 |
| 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 | $363,852 |
| Net Land, buildings, and equipment | $256,594 |
| Investments—publicly traded securities | $1,323,801 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $361,706 |
| Total assets | $5,068,964 |
| Accounts payable and accrued expenses | $831,919 |
| Grants payable | $0 |
| Deferred revenue | $1,457,626 |
| 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 | $433,327 |
| Total liabilities | $2,722,872 |
| Net assets without donor restrictions | $2,346,092 |
| 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 | $5,068,964 |