Growth Energy
- Assets
- $11.7m
- Revenue
- $28.1m
- Investments
- $0.0
- Employees
- 27
- Location
- Washington, DC
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-3542537
Organization Overview
Growth Energy is located in Washington, DC. The organization was established in 2009. 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 12/2022, Growth Energy employed 27 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Growth Energy 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, Growth Energy generated $28.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $23.5m during the year ending 12/2022. 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 PROMOTE ETHANOL AS A SUSTAINABLE, CLEAN AND RENEWABLE ENERGY SOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC RELATIONS -NEWS RELEASES, INTERVIEWS, BLOGGING, MEDIA (PAID AND EARNED), RESPONSE TO NEGATIVE MEDIA, EVENTS MARKETING, ETC.
MARKET DEVELOPMENT -RETAILER PROMOTIONS, MARKETING AND EDUCATION
LOBBYING - ADVOCATE FOR PRO-ETHANOL LEGISLATION AND REGULATION AT THE FEDERAL AND STATE LEVEL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Sanders Chairman | OfficerTrustee | 2 | $0 |
Mitch Miller Vice Chairman | OfficerTrustee | 1 | $0 |
Tom Willis Treasurer | OfficerTrustee | 1 | $0 |
Jeff Broin Director | Trustee | 1 | $0 |
Ray Bradbury Director | Trustee | 1 | $0 |
Mark Marquis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cullen & Rose Consulting | 12/30/22 | $1,907,840 |
Nascar Advertising | 12/30/22 | $2,000,000 |
Rcr Advertising | 12/30/22 | $1,290,233 |
Plus Communications Consulting | 12/30/22 | $1,476,360 |
Arnold & Porter Legal Consulting | 12/30/22 | $1,110,832 |
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 | $6,217,326 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,217,326 |
| Total Program Service Revenue | $21,588,393 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $14,719 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $28,149,322 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $811,855 |
| 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. | $1,579,851 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,059,397 |
| Pension plan accruals and contributions | $128,543 |
| Other employee benefits | $272,702 |
| Payroll taxes | $290,602 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,153,097 |
| Fees for services: Accounting | $130,384 |
| Fees for services: Lobbying | $1,231,423 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,387,573 |
| Advertising and promotion | $1,549,851 |
| Office expenses | $390,947 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $388,336 |
| Travel | $545,009 |
| 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 | $67,377 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $23,521,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,151,515 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,539,084 |
| 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 | $250,635 |
| Net Land, buildings, and equipment | $108,686 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $10,000 |
| Other assets | $599,001 |
| Total assets | $11,658,921 |
| Accounts payable and accrued expenses | $2,111,263 |
| Grants payable | $0 |
| Deferred revenue | $258,109 |
| 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 | $498,063 |
| Total liabilities | $2,867,435 |
| Net assets without donor restrictions | $8,624,139 |
| Net assets with donor restrictions | $167,347 |
| 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 | $11,658,921 |
Grants Awarded
Over the last fiscal year, Growth Energy has awarded $275,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
NATIONAL FFA FOUNDATION PURPOSE: UNRESTRICTED | $100,000 |
SEEDS OF CHANGE FOUNDATION PURPOSE: UNRESTRICTED | $125,000 |
VAIL VETERANS PROGRAM PURPOSE: UNRESTRICTED | $25,000 |
FOLDS OF HONOR FOUNDATION PURPOSE: UNRESTRICTED | $25,000 |