American Council On Renewable Energy-Acore
- Assets
- $2.4m
- Revenue
- $6.9m
- Investments
- $0.0
- Employees
- 29
- Location
- Washington, DC
- Founding
- 05/2002
- Data as of
- 12/2021
- EIN
- 52-2353661
Organization Overview
American Council On Renewable Energy-Acore is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (U30) the organization is classified as: Physical & Earth Sciences, under the broad grouping of Science & Technology and related organizations. As of 12/2021, American Council On Renewable Energy-Acore employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Council On Renewable Energy-Acore 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 12/2021, American Council On Renewable Energy-Acore generated $6.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.1% each year . All expenses for the organization totaled $6.2m during the year ending 12/2021. While expenses have increased by 11.9% 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
TO UNITE BUSINESS, POLICY AND FINANCE TO ACCELERATE THE TRANSITION TO A RENEWABLE ENERGY ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACORE DEPLOYS THREE MAJOR PROGRAMS TO DRIVE ITS OVERALL MISSION. 1. ACORE'S CORPORATE MEMBERSHIP PROGRAM WHICH BRINGS TOGETHER MAJOR COMPANIES ACROSS ALL SECTORS OF THE RENEWABLE ENERGY INDUSTRY IN A VARIETY OF WORKING GROUPS AND ACTIVITIES. 2. THE PARTNERSHIP FOR RENEWABLE ENERGY FINANCE (PREF) IS THE NATION'S MOST CREDIBLE EDUCATIONAL RESOURCE ON RENEWABLE ENERGY FINANCE. PREF MEMBERS FOCUS ON INCREASING CAPITAL FORMATION AND INVESTMENT IN RENEWABLE ENERGY THROUGH VARIOUS FORMS OF EDUCATION, ANALYSIS AND OUTREACH. 3. THE PARTNERSHIP FOR RENEWABLE INTEGRATION AND MARKET EXPANSION (PRIME) FEATURES SENIOR LEADERS FROM PROMINENT, MULTI-TECHNOLOGY RENEWABLE ENERGY COMPANIES, FINANCIAL INSTITUTIONS AND CORPORATE END-USERS WHO GUIDE ACORE'S STRATEGIC POLICY AGENDA
ACORE PRODUCES THREE SIGNATURE FORUMS ANNUALLY TO BRING TOGETHER MAJOR STAKEHOLDERS IN RENEWABLE ENERGY. RENEWABLE ENERGY POLICY FORUM WASHINGTON, D.C. RENEWABLE ENERGY FINANCE FORUM WALL STREET NEW YORK CITY ACORE'S GRID FORUM
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 2 | $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 | $5,259,900 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,259,900 |
| Total Program Service Revenue | $1,595,376 |
| Investment income | $2,702 |
| 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 | $6,857,978 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $547,000 |
| 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. | $857,891 |
| Compensation of current officers, directors, key employees. | $179,595 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,831,067 |
| Pension plan accruals and contributions | $95,688 |
| Other employee benefits | $195,817 |
| Payroll taxes | $204,102 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $27,060 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,640,555 |
| Advertising and promotion | $98,899 |
| Office expenses | $54,818 |
| Information technology | $114,623 |
| Royalties | $0 |
| Occupancy | $243,131 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $96,559 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $28,575 |
| Insurance | $0 |
| All other expenses | $13,033 |
| Total functional expenses | $6,217,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,868 |
| Savings and temporary cash investments | $1,282,057 |
| Pledges and grants receivable | $120,625 |
| 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 | $134,950 |
| Net Land, buildings, and equipment | $107,813 |
| Investments—publicly traded securities | $748,035 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $38,761 |
| Total assets | $2,445,109 |
| Accounts payable and accrued expenses | $388,167 |
| Grants payable | $0 |
| Deferred revenue | $1,042,685 |
| 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 | $93,109 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,007 |
| Total liabilities | $1,605,968 |
| Net assets without donor restrictions | -$100,879 |
| Net assets with donor restrictions | $940,020 |
| 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 | $2,445,109 |
Grants Awarded
Over the last fiscal year, American Council On Renewable Energy-Acore has awarded $547,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Arlington, VA PURPOSE: Program service | $325,000 |
Reston, VA PURPOSE: Program Service | $162,000 |
New York, NY PURPOSE: Program Service | $60,000 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that American Council On Renewable Energy-Acore has recieved totaling $1,681,418.
| Awarding Organization | Amount |
|---|---|
United States Energy Foundation San Francisco, CA PURPOSE: TO PROMOTE EDUCATION AND ANALYSIS TO ADVANCE CLEAN, AFFORDABLE ENERGY THAT PROTECTS PUBLIC HEALTH. | $563,000 |
The Heising-Simons Foundation Los Altos, CA PURPOSE: TO ADVANCE FEDERAL CLEAN ENERGY POLICY | $350,000 |
Climate Imperative Foundation San Francisco, CA PURPOSE: STATE TO FEDERAL CLIMATE PROJECT TO INCREASE CLEAN JOBS | $250,000 |
Climate Imperative Foundation San Francisco, CA PURPOSE: STATE TO FEDERAL CLIMATE PROJECT TO INCREASE CLEAN JOBS | $250,000 |
The Marisla Foundation Laguna Beach, CA PURPOSE: THE AMERICAN RENEWABLE INVESTMENT GOAL | $100,000 |
Breakthrough Energy Action Inc Kirkland, WA PURPOSE: Renewable Energy Communications | $85,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
General Aviation Manufacturers Association Inc Washington, DC | $11,882,458 | $7,210,865 |
American Council On Renewable Energy-Acore Washington, DC | $2,445,109 | $6,857,978 |
Universities Research Association Inc Washington, DC | $19,819,998 | $5,982,811 |
Korea-Us Science Cooperation Center Vienna, VA | $5,319,420 | $4,061,638 |
American Center For Physics Inc college park, MD | $26,806,500 | $2,493,197 |
Alliance For Market Solutions Inc Mclean, VA | $810,160 | $251,246 |
Mineralogical Society Of America Chantilly, VA | $5,715,292 | $1,463,558 |
Open Imagery Network Inc Washington, DC | $812,425 | $1,782,687 |
National Space Club And Foundation Washington, DC | $1,376,544 | $1,273,156 |
National Weather Service Employees Organization Washington, DC | $1,437,187 | $1,051,491 |
Foundation For Earth Science Information Partners Severna Park, MD | $405,625 | $972,847 |
National Space Society Washington, DC | $3,152,404 | $1,926,964 |