Industrial Energy Consumer Group
- Assets
- $73.5k
- Revenue
- $716.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Augusta, ME
- Founding
- 10/1998
- Data as of
- 12/2021
- EIN
- 01-0408591
Organization Overview
Industrial Energy Consumer Group is located in Augusta, ME. The organization was established in 1998. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industrial Energy Consumer Group 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 12/2021, Industrial Energy Consumer Group generated $716.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $649.3k during the year ending 12/2021. While expenses have increased by 0.0% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ASSOCIATION CONDUCTS BUSINESS AS A TRADE ASSOCIATION DESIGNED TO PROMOTE ITS MEMBERS' INTERESTS IN INDUSTRIAL ENERGY SUPPLY, SERVICE AND RATE MAKING IN THE SHORT AND LONG TERMS. ITS MEMBERS CONSIST OF INDUSTRIAL ENERGY CONSUMERS IN THE STATE OF MAINE. THE MEMBERS' INTERESTS ARE DIVIDED INTO THREE BASIC AREAS OF ACTIVITY, THE PUBLIC UTILITIES, THE LEGISLATIVE AND INFORMATION ARENAS. THE ASSOCIATION INTERACTS WITH MAINE PUBLIC UTILITIES TO PROVIDE ITS MEMBERS WITH REASONABLE AND STABLE UTILITY RATES AND IMPROVED CUSTOMER SERVICE AND SUPPORT FROM MAINE PUBLIC UTILITIES. THE ASSOCIATION REPRESENTS ITS MEMBERS' COLLECTIVE INTERESTS BEFORE LEGISLATORS AND REGULATORY COMMISSIONS. NEW LEGISLATIVE INITIATIVES UNDER CONSIDERATION IN THE MAINE LEGISLATURE ARE ANALYZED FOR THEIR IMPACT ON THE MEMBERS. THE RESULTS OF THESE ANALYSES ARE USED TO SUPPORT, OPPOSE AND/OR REVISE SUCH LEGISLATION SO THAT THE ASSOCIATION MEMBERS' INTERESTS IN AFFORDABLE ENERGY AND PRODUCTIVE ENERGY SERVICES ARE MAINTAI
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION CONDUCTS BUSINESS AS A TRADE ASSOCIATION DESIGNED TO PROMOTE ITS MEMBERS' INTERESTS IN INDUSTRIAL ENERGY SUPPLY, SERVICE AND RATE MAKING IN THE SHORT AND LONG TERMS. ITS MEMBERS CONSIST OF INDUSTRIAL ENERGY CONSUMERS IN THE STATE OF MAINE. THE MEMBERS' INTERESTS ARE DIVIDED INTO THREE BASIC AREAS OF ACTIVITY, THE PUBLIC UTILITIES, THE LEGISLATIVE AND INFORMATION ARENAS. THE ASSOCIATION INTERACTS WITH MAINE PUBLIC UTILITIES TO PROVIDE ITS MEMBERS WITH REASONABLE AND STABLE UTILITY RATES AND IMPROVED CUSTOMER SERVICE AND SUPPORT FROM MAINE PUBLIC UTILITIES. THE ASSOCIATION REPRESENTS ITS MEMBERS' COLLECTIVE INTERESTS BEFORE LEGISLATORS AND REGULATORY COMMISSIONS. NEW LEGISLATIVE INITIATIVES UNDER CONSIDERATION IN THE MAINE LEGISLATURE ARE ANALYZED FOR THEIR IMPACT ON THE MEMBERS. THE RESULTS OF THESE ANALYSES ARE USED TO SUPPORT, OPPOSE AND/OR REVISE SUCH LEGISLATION SO THAT THE ASSOCIATION MEMBERS' INTERESTS IN AFFORDABLE ENERGY AND PRODUCTIVE ENERGY SERVICES ARE MAINTAINED OR ENHANCED. IN ADDITION, THE ASSOCIATION REGULARLY APPEARS BEFORE THE MAINE PUBLIC UTILITIES COMMISSION AND LEGISLATURE FOR THE PURPOSE OF MAKING RECOMMENDATIONS AS TO ENERGY RATE MAKING. FINALLY, THE ASSOCIATION GATHERS, ANALYZES AND DISSEMINATES INFORMATION RELATED TO INDUSTRIAL ENERGY SUPPLY AND UTILIZATION. SUCH ACTIVITIES ARE CONDUCTED AT THE MACRO AND MICRO LEVELS DEPENDING ON THE MEMBERS NEEDS. INFORMATION AS TO RATE STRUCTURES, UTILITY LOAD DISTRIBUTION, POWER SUPPLY AND GROWTH IN POWER SUPPLIES ARE TYPICAL OF THE INFORMATION TRACKED BY THE ASSOCIATION. THIS INFORMATION IS USED BY THE ASSOCIATION MEMBERS ON THE MACRO LEVEL FOR PLANNING WITH RESPECT TO INDUSTRIAL TRENDS AND INDIVIDUAL MEMBER APPEARANCES BEFORE THE MAINE PUBLIC UTILITIES COMMISSION AND OTHER REGULATING BODIES. THE ASSOCIATION MEMBERS USE THE INFORMATION PROVIDED BY THE ASSOCIATION ON A MICRO LEVEL FOR THE PURPOSES OF STRATEGIC PLANNING AND DAY-TO-DAY BUSINESS DECISIONS WITH RESPECT TO ENERGY USAGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Dorko President | Officer | 5 | $0 |
Paul Serbent Vice Preside | Officer | 5 | $0 |
Joel Pike Sec & Treasu | Officer | 5 | $0 |
Jamie St Pierre Vice Preside | Officer | 5 | $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 | $716,222 |
| Investment income | $0 |
| 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 | $716,222 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $645,434 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,524 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $649,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,481 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $73,481 |
| 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 | $73,481 |
| 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 | $73,481 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eastern Maine Electric Cooperative Inc Calais, ME | $49,482,318 | $16,418,871 |
Fox Islands Electric Cooperative Inc Vinalhaven, ME | $18,896,049 | $2,614,892 |
Northern Maine Independent System Administration Inc Bangor, ME | $1,297,192 | $1,121,553 |
Light Of Life Ministries Inc Augusta, ME | $2,239,527 | $1,119,059 |
Industrial Energy Consumer Group Augusta, ME | $73,481 | $716,222 |
Maine Water Utilities Association Augusta, ME | $771,330 | $649,493 |
Mountain Top Telecom Inc Franconia, NH | $131,383 | $297,818 |
Maine Renewable Energy Association Augusta, ME | $205,325 | $388,116 |
Monmouth Water Association Monmouth, ME | $1,724,616 | $195,496 |
Maine Water Environment Association Augusta, ME | $100,527 | $0 |
Newport Community Television Inc Newport, NH | $321,014 | $0 |
Chocorua Public Library Chocorua, NH | $484,341 | $90,191 |