Seventhwave Inc
- Assets
- $0.0
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- Data as of
- 12/2018
- EIN
- 39-1656021
Organization Overview
Seventhwave Inc is located in Madison, WI. Seventhwave Inc 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 12/2018, Seventhwave Inc generated $4.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.8%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2018. As we would expect to see with falling revenues, expenses have declined by (8.2%) per year over the past 4 years. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
SEVENTHWAVE ADVANCES STRATEGIES FOR REAL ENERGY SAVINGS THROUGH ENGINEERING, EDUCATION AND RESEARCH. SEVENTHWAVE MANAGES AWARD-WINNING UTILITY PROGRAMS THAT INSPIRE COMMERCIAL BUILDING OWNERS, DEVELOPERS AND DESIGN TEAMS TO ACHIEVE DEEPER REDUCTIONS IN ENERGY USE. WE RESEARCH NEW AND MARKET-READY TECHNOLOGIES TO DISCOVER MISSED OPPORTUNITIES, VERIFY SAVINGS AND ESTABLISH BEST PRACTICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM DESIGN, DELIVERY, AND EVALUATION: SEVENTHWAVE DELIVERS COMED'S HIGH-IMPACT COMMERCIAL NEW CONSTRUCTION PROGRAM IN NORTHERN ILLINOIS. SINCE 2009, THE PROGRAM HAS PROVIDED TECHNICAL ASSISTANCE TO MORE THAN 500 PROJECTS, ACHIEVED HIGH LEVELS OF CUSTOMER SATISFACTION AND SAVED MORE THAN 264 MILLION KWH. WE HAVE CONDUCTED SIGNIFICANT RESEARCH IN MINNESOTA TO HELP ACHIEVE GREATER ENERGY SAVINGS IN UTILITY RESIDENTIAL CONSERVATION IMPROVEMENT PROGRAMS. WE CONTINUE TO PROVIDE TECHNICAL ASSISTANCE TO WISCONSIN'S LOW-INCOME WEATHERIZATION ASSISTANCE PROGRAM, USING THE NATURAL GAS AND ELECTRIC BILLING RECORDS OF TREATED CLIENTS TO ASSESS THE ENERGY SAVING IMPACTS OF THE PROGRAM. SEVENTHWAVE PROCESSES BILLING DATA FOR MORE THAN 1.5 MILLION COLUMBIA GAS OF OHIO RESIDENTIAL CUSTOMERS TO CONDUCT REGULAR IMPACT EVALUATIONS OF FIVE ENERGY EFFICIENCY PROGRAMS. SEVENTHWAVE PARTNERS WITH THE U.S. DOE AND NREL TO SCALE ENERGY PERFORMANCE-BASED PROCUREMENT FOR NEW COMMERCIAL BUILDINGS IN ILLINOIS, MINNESOTA, MASSACHUSETTS, CONNECTICUT, OREGON AND COLORADO.
RESEARCH - SEVENTHWAVE STUDIES THE AS-INSTALLED PERFORMANCE OF RESIDENTIAL AND COMMERCIAL BUILDING SYSTEMS. WE DESIGN AND EXECUTE FIELD STUDIES TO INVESTIGATE VARIOUS ASPECTS OF SPACE HEATING, AIR CONDITIONING, WATER HEATING, LIGHTING AND PLUG-LOAD ENERGY USE. WE UNDERSTAND HOW BUILDINGS WORK AND WE USE THAT KNOWLEDGE TO INFORM OUR MODELING AND ANALYSIS. SEVENTHWAVE IS CONDUCTING A MULTI-LEVEL FIELD STUDY TO CHARACTERIZE EXISTING ROOF-TOP UNITS AND THE MARKET FOR NEW AND REPLACEMENT RTUS; CHARACTERIZING THE SMALL COMMERCIAL SECTOR IN MINNESOTA; CONDUCTING A DEMAND-SIDE EFFICIENCY POTENTIAL STUDY; AND COMPLETING A BASELINE STUDY OF RESIDENTIAL NEW CONSTRUCTION PRACTICES IN WISCONSIN. OUR RESEARCH INFORMS THE NEXT GENERATION OF ENERGY EFFICIENCY PROGRAM DESIGN TO DRIVE DEEPER SAVINGS AND REACH UNDERSERVED MARKETS.
EDUCATION, POLICY & MISSION - SEVENTHWAVE DEVELOPS AND DELIVERS AWARD-WINNING PROFESSIONAL CONTINUING EDUCATION PROGRAMS ON TOPICS RELATED TO ADVANCED ENERGY EFFICIENCY AND ENERGY. WE DEVELOP CURRICULA; PRODUCE WEBINARS AND VIDEOS; CREATE WEBSITES AND ONLINE REGISTRATION SYSTEMS; MARKET EVENTS; AND SECURE CONTINUING EDUCATION CREDITS TO SUPPORT LICENSURE REQUIREMENTS AND PROFESSIONAL ASSOCIATION MEMBERSHIPS. OUR CONTACT DATABASE INCLUDES MORE THAN 100,000 COMMERCIAL AND RESIDENTIAL BUILDING PROFESSIONALS. WE ALSO COLLABORATE WITH MORE THAN 50 STAKEHOLDERS AND TRADE ORGANIZATIONS. MORE THAN 7,800 INDIVIDUALS PARTICIPATE IN OUR COURSES AND CONFERENCES ANNUALLY. OUR AUDIENCE IS GLOBAL, REPRESENTING AT LEAST 48 COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Wilson Secretary/director | OfficerTrustee | 1 | $0 |
Keith Reopelle Director | Trustee | 1 | $0 |
Eric Swanson Director | Trustee | 1 | $0 |
Bill Oemichen Chair/director | OfficerTrustee | 1 | $0 |
David Donovan Director | Trustee | 1 | $0 |
Rebbeca Stanfield Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Weidt Group Modeling And Consulting | 12/30/18 | $311,893 |
The Energy Studio Modeling And Consulting | 12/30/18 | $161,100 |
Three 3 Inc Research And Consulting | 12/30/18 | $129,304 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $568,460 |
| All other contributions, gifts, grants, and similar amounts not included above | $472,208 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,040,668 |
| Total Program Service Revenue | $3,468,614 |
| Investment income | $781 |
| 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 | $4,510,063 |
| 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. | $170,443 |
| Compensation of current officers, directors, key employees. | $150,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,760,840 |
| Pension plan accruals and contributions | $101,160 |
| Other employee benefits | $418,845 |
| Payroll taxes | $161,556 |
| Fees for services: Management | $2,590 |
| Fees for services: Legal | $33,991 |
| Fees for services: Accounting | $108,373 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,185 |
| Advertising and promotion | $21,349 |
| Office expenses | $134,860 |
| Information technology | $53,929 |
| Royalties | $0 |
| Occupancy | $181,142 |
| Travel | $111,664 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $104,622 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $56,560 |
| Insurance | $34,015 |
| All other expenses | $0 |
| Total functional expenses | $4,692,470 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |