Advanced Energy United Inc
- Assets
- $8.2m
- Revenue
- $6.5m
- Investments
- $0.0
- Employees
- 104
- Location
- Washington, DC
- Founding
- 10/2012
- Data as of
- 12/2023
- EIN
- 45-3859544
Organization Overview
Advanced Energy United Inc is located in Washington, DC. The organization was established in 2012. 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 12/2023, Advanced Energy United Inc employed 104 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Energy United Inc 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 12/2023, Advanced Energy United Inc generated $6.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $5.8m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Advanced Energy United Inc has awarded 30 individual grants totaling $3,287,510. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO TRANSFORM PUBLIC POLICY TO ENABLE RAPID GROWTH OF ADVANCED ENERGY BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MEMBERSHIP: UNITED PROVIDES A FORUM THROUGH WHICH ADVANCED ENERGY BUSINESSES CAN CONVENE, COLLABORATE AND TAKE ACTION ON POLICY ISSUES AND ECONOMIC OPPORTUNITIES THAT IMPACT COMPANIES ACROSS THE ENTIRE SECTOR, REGARDLESS OF THE BUSINESS MODEL OR TECHNOLOGIES THAT THEY MAY EMPLOY.
EDUCATION AND COMMUNICATIONS: AS THE BUSINESS VOICE OF ADVANCED ENERGY, UNITED USES A WIDE VARIETY OF COMMUNICATIONS AND MARKETING PLATFORMS TO EDUCATE THE PUBLIC AND BUILD AWARENESS OF THE ADVANCED TECHNOLOGIES THAT COMPANIES ARE CURRENTLY EMPLOYING TO PROVIDE SECURE, CLEAN AND AFFORDABLE ENERGY, AND HIGHLIGHT THE RESULTING ECONOMIC BENEFITS TO THE STATES AND REGIONS IN WHICH THOSE COMPANIES ARE OPERATING.
DRIVING TECHNOLOGY ADOPTION: UNITED CONVENES, CONNECTS AND ENGAGES POLICY MAKERS, STAKEHOLDERS AND THE PUBLIC TO TAKE ACTION ON STATE AND REGIONAL POLICIES THAT PROMOTE A WORLD THAT RUNS ON SECURE, CLEAN AND AFFORDABLE TECHNOLOGY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Megan Beuregard Chair | OfficerTrustee | 1 | $0 |
Prasanna Venkatesan Director | Trustee | 1 | $0 |
Jeff Bishop Director | Trustee | 1 | $0 |
Suzanne Leta Director | Trustee | 1 | $0 |
Nathan Hanson Director | Trustee | 1 | $0 |
Amy Heart Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ponte Vedra Corporation Event Venue, F&b, Av | 12/30/23 | $185,438 |
Focus Data Solutions Inc Technology Consulting | 12/30/23 | $163,496 |
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 | $1,500,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,500,000 |
| Total Program Service Revenue | $4,965,595 |
| Investment income | $19,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,269 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,502,891 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $567,505 |
| 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. | $471,901 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,422,130 |
| Pension plan accruals and contributions | $85,769 |
| Other employee benefits | $189,236 |
| Payroll taxes | $344,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,615 |
| Fees for services: Accounting | $119,670 |
| Fees for services: Lobbying | $2,750 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,750 |
| Advertising and promotion | $131,379 |
| Office expenses | $79,709 |
| Information technology | $315,364 |
| Royalties | $0 |
| Occupancy | $105,750 |
| Travel | $229,774 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $502,761 |
| Interest | $2,549 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88,683 |
| Insurance | $46,140 |
| All other expenses | $0 |
| Total functional expenses | $5,768,236 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $868,660 |
| Savings and temporary cash investments | $724,839 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $49,557 |
| 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 | $235,305 |
| Net Land, buildings, and equipment | $695,772 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,634,034 |
| Total assets | $8,208,167 |
| Accounts payable and accrued expenses | $1,499,719 |
| Grants payable | $0 |
| Deferred revenue | $2,005,537 |
| 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 | $2,821,645 |
| Total liabilities | $6,326,901 |
| Net assets without donor restrictions | $435,812 |
| Net assets with donor restrictions | $1,445,454 |
| 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 | $8,208,167 |
Grants Awarded
Over the last fiscal year, Advanced Energy United Inc has awarded $567,505 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ADVANCED ENERGY INSTITUTE PURPOSE: Program Support | $488,807 |
COUNTERSPARK INC PURPOSE: Program Support | $78,698 |