Geothermal Resources Council
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 2
- Location
- Mount Laurel, NJ
- Founding
- 03/1981
- Data as of
- 06/2022
- EIN
- 94-2714326
Organization Overview
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 12/2022, Geothermal Resources Council employed 2 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 06/2022, Geothermal Resources Council generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 11.3% each year . All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 7.5% per year over the past 3 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
2022
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:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kelly Blake President | OfficerTrustee | 0 | $0 |
Jericho Reyes Vice President | OfficerTrustee | 0 | $0 |
Jay Egg Board Member | Trustee | 0 | $0 |
Mark Gran Board Member | Trustee | 0 | $0 |
Nick Goodman Board Member | Trustee | 0 | $0 |
Sarah Jewett Board Member | Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Peppermill Annual Conferance Hotel | 12/30/22 | $341,019 |
Association Headquarters Management Fees | 12/30/22 | $191,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,470 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,320 |
| Total Program Service Revenue | $1,528,951 |
| Investment income | $23,569 |
| 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 | $1,657,715 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $12,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $500 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $160,931 |
| Compensation of current officers, directors, key employees. | $40,233 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $68,797 |
| Pension plan accruals and contributions | $3,140 |
| Other employee benefits | $13,823 |
| Payroll taxes | $17,524 |
| Fees for services: Management | $236,163 |
| Fees for services: Legal | $10,260 |
| 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 | $2,564 |
| Advertising and promotion | $204,588 |
| Office expenses | $0 |
| Information technology | $8,175 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,687 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $397,924 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,310 |
| Insurance | $9,809 |
| All other expenses | $0 |
| Total functional expenses | $1,312,313 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $737,471 |
| 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 | $9,759 |
| Investments—publicly traded securities | $1,202,137 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,949,367 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $1,399,080 |
| Net assets with donor restrictions | $550,287 |
| 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 | $1,949,367 |