Geothermal Resources Council is located in Mount Laurel, NJ. The organization was established in 1981. According to its NTEE Classification (U20) the organization is classified as: General Science, under the broad grouping of Science & Technology and related organizations. As of 06/2021, Geothermal Resources Council employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Geothermal Resources Council 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 06/2021, Geothermal Resources Council generated $809.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO CONNECT THE GEOTHERMAL COMMUNITY AND CHAMPION GEOTHERMAL ENERGY IN THE UNITED STATES AND AROUND THE WORLD.
Describe the Organization's Program Activity:
ANNUAL MEETING - PROVIDES AN INTERNATIONAL FORUM WHERE MEMBERS, PARTICIPANTS AND GUESTS LEARN ABOUT THE LATEST ADVANCES IN GEOTHERMAL TECHNOLOGIES THROUGH TECHNICAL AND POSTER SESSIONS.
EDUCATIONAL COURSES, CONTRACTS AND PUBLICATIONS - VARIOUS COURSES AND PROJECTS PERTAINING TO GEOTHERMAL ENERGY, INCLUDING A GEOTHERMAL VIDEO, ON-LINE LIBRARY, INT'L EDUCATION AND VARIOUS EDUCATIONAL WORKSHOPS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
William Pettitt Executive Director | Officer | 40 | $185,000 |
Jon Trujillo President (2021) | OfficerTrustee | 0 | $0 |
Andrew Sabin Past President (2021) | OfficerTrustee | 0 | $0 |
Kelly Blake Vice President (2021) | OfficerTrustee | 0 | $0 |
Maria C Richards Past President (2020) | OfficerTrustee | 0 | $0 |
Andy Blair Board Member | Trustee | 0 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Association Headquarters Inc Management Services | 6/29/21 | $330,478 |
Ims Technology Service Video Conferencing | 6/29/21 | $139,109 |
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 | $4,570 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,570 |
Total Program Service Revenue | $771,158 |
Investment income | $28,130 |
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 | $809,078 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $2,615 |
Grants and other assistance to domestic individuals. | $12,500 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $184,448 |
Compensation of current officers, directors, key employees. | $46,111 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $50,624 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $14,461 |
Payroll taxes | $14,883 |
Fees for services: Management | $336,041 |
Fees for services: Legal | $1,350 |
Fees for services: Accounting | $0 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $41,089 |
Advertising and promotion | $190,515 |
Office expenses | $0 |
Information technology | $18,969 |
Royalties | $0 |
Occupancy | $0 |
Travel | $13,513 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $150,360 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $2,879 |
Insurance | $6,615 |
All other expenses | $0 |
Total functional expenses | $1,122,912 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $426,630 |
Savings and temporary cash investments | $0 |
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 | $0 |
Net Land, buildings, and equipment | $16,069 |
Investments—publicly traded securities | $1,493,307 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,936,006 |
Accounts payable and accrued expenses | $0 |
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 | $77,243 |
Other liabilities | $0 |
Total liabilities | $77,243 |
Net assets without donor restrictions | $1,190,771 |
Net assets with donor restrictions | $667,992 |
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 | $1,936,006 |
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Mental Health Empowerment Project Inc Albany, NY | $1,208,283 | $2,548,134 |
Geothermal Resources Council Mount Laurel, NJ | $1,936,006 | $809,078 |
History Of Science Society Inc Philadelphia, PA | $3,981,769 | $842,698 |
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