E4 Carolinas Inc

Organization Overview

E4 Carolinas Inc is located in Charlotte, NC. The organization was established in 2013. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, E4 Carolinas Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. E4 Carolinas 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 12/2021, E4 Carolinas Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.8% each year. All expenses for the organization totaled $980.5k during the year ending 12/2021. While expenses have increased by 5.7% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE ECONOMIC GROWTH, EMPLOYMENT, PRODUCTIVITY, AND PROSPERITY BY CULTIVATING A COLLABORATIVE ENERGY CLUSTER IN THE CAROLINAS REGION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

E4 CAROLINAS IS A NON-PROFIT TRADE ASSOCIATION ORGANIZED AND GOVERNED BY ITS MEMBERS TO INCREASE THEIR VALUE AND SUCCESS AND TO PROMOTE THE CAROLINA ENERGY ECONOMY. ANY COMPANY OR ORGANIZATION HAVING A CAROLINA ENERGY INTEREST MAY BE A MEMBER. MEMBERS COLLABORATE IN THE AREAS OF WORKFORCE DEVELOPMENT, ECONOMIC DEVELOPMENT, INNOVATION & CAPITAL CREATION, COMMUNICATIONS AND NETWORKING AND POLICY. E4 CAROLINAS PRODUCES PROGRAMS, SERVICES AND EVENTS DESIGNED TO BETTER EDUCATE AND CONNECT MEMBERS, PROVIDING THEM MORE VALUE COLLECTIVELY THAN IF PRODUCED BY EACH INDIVIDUALLY. E4 CAROLINAS ALSO UNDERTAKES VARIOUS COLLABORATIVE SPECIAL PROJECTS ON BEHALF OF MEMBERS. THE COLLECTIVE PRODUCTS AND SERVICES OF MEMBERS ARE PROMOTED NATIONALLY AND GLOBALLY AND BOTH OUTBOUND AND INBOUND TRADE MISSIONS ARE ORGANIZED. INDIVIDUAL REQUESTS BY MEMBERS TO BE INTRODUCED TO OTHER E4 CAROLINAS MEMBERS ARE FACILITATED BY STAFF.


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Board, Officers & Key Employees

Name (title)Compensation
David Doctor
President
$179,794
Jeff Merrifield
Chair/board Member
$0
Wayne Wilkins
Vice Chair/board Member
$0
Scott Carlton
Secretary/treasurer
$0
Weston Adams
Board Member
$0
Jon Ball
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $452,116
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$452,116
Total Program Service Revenue$561,658
Investment income $1,710
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 $1,016,083

Grants Awarded

Over the last fiscal year, E4 Carolinas Inc has awarded $79,268 in support to 4 organizations.

Grant RecipientAmount

TRIANGLE J COUNCIL OF GOVERNMENTS

PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES

$27,724

CENTRALINA COUNCIL OF GOVERNMENTS

PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES

$27,385

NC STATE UNIVERSITY

PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES

$12,164

SACE

PURPOSE: RESEARCH, PLANNING AND TRAINING FOR THE USE OF ALTERNATIVE FUEL VEHICLES

$11,995
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that E4 Carolinas Inc has recieved totaling $20,000.

Awarding OrganizationAmount
North Carolina Electric Membership Corporation

Raleigh, NC

PURPOSE: AGRICULTURAL ASSISTANCE

$20,000
View Grant Recipient Profile

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