Interstate Renewable Energy Council
- Assets
- $3.8m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 31
- Location
- Albany, NY
- Founding
- 02/1983
- Data as of
- 12/2020
- EIN
- 59-2201374
Organization Overview
Interstate Renewable Energy Council is located in Albany, NY. The organization was established in 1983. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Interstate Renewable Energy Council employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Interstate Renewable Energy Council 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 12/2020, Interstate Renewable Energy Council generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $2.6m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (6.5%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
INTERSTATE RENEWABLE ENERCY COUNCIL (IREC) BUILDS THE FOUNDATION FOR RAPID ADOPTION OF CLEAN ENERGY AND ENERGY EFFICIENCY TO BENEFIT PEOPLE, THE ECONOMY AND OUR PLANET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INCREASE ADOPTION OF POLICIES AND REGULATORY REFORMS THAT INCREASE ACCESS TO AND STREAMLINE GRID INTEGRATION OF DISTRIBUTED ENERGY RESOURCES IN ORDER TO OPTIMIZE THEIR WIDESPREAD BENEFITS.
DEPLOY QUALITY ASSURANCE PROGRAMS AND DEPLOY TRAINING TO ENSURE THAT CLEAN ENERGY WORKERS DEMONSTRATE THE SKILLS NECESSARY TO SUPPORT INDUSTRY CREDIBILITY AND GROWTH. INFORM CONSUMERS ABOUT THEIR CLEAN-ENERGY DECISION-MAKING AND INVESTMENTS. CONDUCT OTHER PROGRAMS IN SUPPORT OF IREC'S MISSION.
IREC HELPS CITIES, COUNTIES AND TOWNS USE POLICY TOOLS AND RESOURCES TO DRIVE THE GROWTH OF CLEAN ENERGY, ADDRESS CLIMATE CHANGE, AND CREATE NEW JOBS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Sherwood President / | Officer | 40 | $248,425 |
Radina Valova Employee | 40 | $138,959 | |
Brian Lydic Employee | 32 | $127,894 | |
Laure-Jeanne Davignon Employee | 30 | $111,994 | |
Gwendolyn Brown Employee | 40 | $107,760 | |
Kristen Hagerty Employee | 30 | $107,698 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Shute Mihaly & Weinberger Contract Servic | 12/30/18 | $929,433 |
Trilogy Workforce Solutions Llc Contract Servic | 12/30/18 | $110,850 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $839,780 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,168,099 |
| Noncash contributions included in lines 1a–1f | $1,720,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,007,879 |
| Total Program Service Revenue | $74,964 |
| Investment income | $10,792 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $335 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,093,970 |
| 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. | $188,100 |
| Compensation of current officers, directors, key employees. | $137,745 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $784,593 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $249,734 |
| Fees for services: Management | $824,694 |
| Fees for services: Legal | $33,896 |
| Fees for services: Accounting | $36,413 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,201 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,550 |
| Travel | $25,732 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,584 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $86,000 |
| Insurance | $8,121 |
| All other expenses | $64,736 |
| Total functional expenses | $2,605,862 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,186,346 |
| Savings and temporary cash investments | $553,844 |
| Pledges and grants receivable | $275,676 |
| 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 | $20,767 |
| Net Land, buildings, and equipment | $1,634,000 |
| Investments—publicly traded securities | $84,687 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,755,320 |
| Accounts payable and accrued expenses | $305,314 |
| Grants payable | $0 |
| Deferred revenue | $14,000 |
| 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 | $174,375 |
| Other liabilities | $0 |
| Total liabilities | $493,689 |
| Net assets without donor restrictions | $1,918,426 |
| Net assets with donor restrictions | $1,343,205 |
| 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 | $3,755,320 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Interstate Renewable Energy Council has recieved totaling $1,673,981.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ENVIRONMENTAL AND ANIMALS | $987,950 |
United States Energy Foundation San Francisco, CA PURPOSE: TO PROMOTE EDUCATION AND ANALYSIS TO ADVANCE CLEAN, AFFORDABLE ENERGY THAT PROTECTS PUBLIC HEALTH. | $200,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $180,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO SUPPORT CONTINUED LEADERSHIP ON INTERCONNECTION AND GRID MODERNIZATION REFORMS TO HELP MINNESOTA ACHIEVE ITS CLEAN ENERGY AND CLIMATE GOALS | $75,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO SUPPORT CONTINUED LEADERSHIP ON INTERCONNECTION AND GRID MODERNIZATION REFORMS TO HELP MINNESOTA ACHIEVE ITS CLEAN ENERGY AND CLIMATE GOALS | $75,000 |
Mcknight Foundation Minneapolis, MN PURPOSE: TO SUPPORT CONTINUED LEADERSHIP ON INTERCONNECTION AND GRID MODERNIZATION REFORMS TO HELP MINNESOTA ACHIEVE ITS CLEAN ENERGY AND CLIMATE GOALS | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Efficiency Forward Inc Medford, MA | $5,907,697 | $9,722,584 |
Center For Ecotechnology Inc Dalton, MA | $5,279,642 | $8,781,564 |
New York City Energy Efficiency Corporation New York, NY | $49,730,328 | $4,961,348 |
Environment Next Inc East Aurora, NY | $24,217,627 | $8,709,351 |
E4thefuture Framingham, MA | $19,416,406 | $1,363,963 |
Northeast Energy Efficiency Partnerships Inc Lexington, MA | $4,479,644 | $4,251,266 |
Deploy-Us Inc Boston, MA | $2,976,414 | $4,253,205 |
Interstate Renewable Energy Council Albany, NY | $3,755,320 | $4,093,970 |
Green Mountain Energy Sun Club Princeton, NJ | $0 | $1,158,123 |
National Wind Technology Consortium Albany, NY | $2,138,543 | $2,465,652 |
Sustainable Westchester Inc Mount Kisco, NY | $1,228,571 | $2,221,583 |
Conservation Consultants Pittsburgh, PA | $941,687 | $805,109 |