Advanced Energy Economy Institute
- Assets
- $6.4m
- Revenue
- $7.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 10/2009
- Data as of
- 12/2021
- EIN
- 80-0373801
Organization Overview
Advanced Energy Economy Institute is located in Washington, DC. The organization was established in 2009. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Advanced Energy Economy Institute 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, Advanced Energy Economy Institute generated $7.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.4% each year . All expenses for the organization totaled $5.6m during the year ending 12/2021. While expenses have increased by 6.3% 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.
Since 2015, Advanced Energy Economy Institute has awarded 30 individual grants totaling $1,283,884. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE AWARENESS OF THE PUBLIC BENEFITS AND OPPORTUNITIES OF ADVANCED ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ELECTRIFYING TRANSPORTATION: THIS INITIATIVE IS DESIGNED TO ACCELERATE THE ELECTRIFICATION OF TRANSPORTATION ACROSS THE COUNTRY. THIS PROGRAM WORKS TO SPEED THE ADOPTION OF ELECTRIC VEHICLES (EVS), CHARGING INFRASTRUCTURE, AND SUPPORTIVE TECHNOLOGIES/SERVICES THROUGH A TARGETED STRATEGY FOCUSED ON KEY STATES. THE SPECIFIC POLICIES PURSUED INCLUDE, BUT ARE NOT LIMITED TO, THOSE THAT REDUCE THE UPFRONT PRICE OF THE VEHICLE, ACCELERATE CHARGING INFRASTRUCTURE DEPLOYMENT, MODERNIZE UTILITY REGULATIONS TO INTEGRATE EVS, AND ADDRESS THE SPECIFIC CHALLENGES FACING MEDIUM- AND HEAVY-DUTY VEHICLES.
DRIVING TECHNOLOGY ADOPTION: U.S. ENERGY POLICY IS PRIMARILY DETERMINED AT THE STATE AND LOCAL LEVEL AND ADVANCED ENERGY ECONOMY INSTITUTE CARRIES OUT ITS MISSION BY PROVIDING A PLATFORM FOR THE DISCUSSION OF ADVANCED ENERGY ISSUES AND THE DEVELOPMENT OF POLICY FRAMEWORKS FOR USE BY A RANGE OF STATE AND REGIONAL STAKEHOLDERS ACROSS VARIOUS STATES. IN ARTICULATING THE PUBLIC BENEFITS OF ADVANCED ENERGY, AEE INSTITUTE SHARES TECHNICAL DECISIONS MAKER EDUCATION AND ENGAGEMENT: A PROGRAM TO GET PRO-ADVANCED ASSISTANCE, COMMUNICATIONS EXPERTISE AND STATE OF THE ART ECONOMIC AND POLICY ANALYSES OF THE ADVANCED ENERGY BUSINESS SECTOR WITH STATE AND REGIONAL PARTNER ORGANIZATIONS, POLICY MAKERS AND OTHER INTERESTED PARTIES.
EXPANDING WHOLESALE MARKETS: THIS INITIATIVE SEEKS TO ELIMINATE BARRIERS TO THE PARTICIPATION OF ADVANCED ENERGY TECHNOLOGIES IN COMPETITIVE WHOLESALE MARKETS. THIS WORK INCLUDES, BUT IS NOT LIMITED TO, REFORMING LEGAL INDEPENDENT SYSTEM OPERATOR AND REGIONAL TRANSMISSION ORGANIZATION (ISO/RTO) MARKET RULES AND OPERATING PRACTICES THAT RESTRICT OR LIMIT THE ABILITY OF ADVANCED ENERGY TECHNOLOGIES TO PARTICIPATE IN THE MARKETS, PURSUING NEW MARKET DESIGNS THAT BETTER ACCOMODATE AND TAKE ADVANTAGE OF THE UNIQUE PHYSICAL AND OPERATIONAL CHARACTERISTICS OF ADVANCED ENERGY TECHNOLOGIES, AND OPPOSING MARKET RULE PROPOSALS THAT WOULD UNFAIRLY DISADVANTAGE ADVANCED ENERGY TECHNOLOGIES OR GIVE UNDUE PREFERENCE TO INCUMBENT TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Kreamer CEO | Officer | 12 | $210,927 |
Heather O'neill President | Officer | 20 | $165,910 |
Lisa Frantzis Sr. Managing Director | 20 | $105,989 | |
Allison Ingram Treasurer | Officer | 16 | $81,736 |
Jeffrey Dennis Secretary | Officer | 18 | $76,609 |
Hemant Taneja Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $356,656 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,816,478 |
| Noncash contributions included in lines 1a–1f | $2,929 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,173,134 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| 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 | $7,173,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $140,500 |
| 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. | $599,049 |
| Compensation of current officers, directors, key employees. | $47,784 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,434,325 |
| Pension plan accruals and contributions | $4,091 |
| Other employee benefits | $149,754 |
| Payroll taxes | $151,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,500 |
| Fees for services: Accounting | $65,646 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,275,610 |
| Advertising and promotion | $475,911 |
| Office expenses | $23,292 |
| Information technology | $126,679 |
| Royalties | $0 |
| Occupancy | $67,409 |
| Travel | $28,147 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,434 |
| Interest | $3,196 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,065 |
| All other expenses | $0 |
| Total functional expenses | $5,579,566 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,295,416 |
| Savings and temporary cash investments | $2,897 |
| Pledges and grants receivable | $80,000 |
| 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 | $13,196 |
| 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 | $6,391,509 |
| Accounts payable and accrued expenses | $117,225 |
| 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 | $863,068 |
| Total liabilities | $980,293 |
| Net assets without donor restrictions | $3,225,467 |
| Net assets with donor restrictions | $2,185,749 |
| 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 | $6,391,509 |
Grants Awarded
Over the last fiscal year, Advanced Energy Economy Institute has awarded $98,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Minneapolis, MN PURPOSE: State Federal Climate Initiative Education | $30,000 |
Lansing, MI PURPOSE: State/Federal Advocacy | $30,000 |
Denver, CO PURPOSE: 2021 Sponsorship & Energy Supply Task Force | $22,500 |
Marstons Mills, MA PURPOSE: 2021 NCEL National Forum, July 29-30 online | $10,000 |
Washington, DC PURPOSE: 2021 sponsorship and support | $5,500 |
Grants Recieved
Over the last fiscal year, we have identified 17 grants that Advanced Energy Economy Institute has recieved totaling $5,718,549.
| Awarding Organization | Amount |
|---|---|
United States Energy Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE. TO PROMOTE EDUCATION AND ANALYSIS ON THE BENEFITS OF CLEAN TRANSPORTATION. | $2,063,500 |
Catena Foundation Carbondale, CO PURPOSE: CLEAN ENERGY - WESTERN RTO, WESTERN PUC, AND TAEBA & DRIVING FEDERAL CLIMATE ACTION VIA STATES | $850,000 |
Advanced Energy Economy Inc Washington, DC PURPOSE: Program Support | $555,043 |
Climate Imperative Foundation San Francisco, CA PURPOSE: TO ADVANCE CLEAN ENERGY AND CLEAN TRANSPORTATION | $500,000 |
The Heising-Simons Foundation Los Altos, CA PURPOSE: TO ADVANCE WHOLESALE POWER MARKET REFORM, TRANSMISSION EXPANSION ($300,000) AND UTILITY REGULATORY REFORM ($200,000) | $500,000 |
Climate Imperative Foundation San Francisco, CA PURPOSE: TO ADVANCE CLEAN ENERGY AND CLEAN TRANSPORTATION | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Verra Washington, DC | $50,492,463 | $40,505,459 |
Citizens For Responsible Energy Solutions Forum Washington, DC | $3,027,966 | $5,615,141 |
Advanced Energy Economy Institute Washington, DC | $6,391,509 | $7,173,171 |
Mckinsey Org Inc Washington, DC | $2,341,944 | $4,316,487 |
Climate Leadership Council Inc Washington, DC | $3,898,896 | $3,366,095 |
Restore The Earth Foundation Inc Easton, MD | $1,843,986 | $3,275,006 |
National Council On Radiation Protection And Measurements Bethesda, MD | $2,297,188 | $3,045,295 |
The Us Climate Action Network Washington, DC | $5,013,763 | $3,045,682 |
Viridiant Richmond, VA | $3,358,357 | $1,969,212 |
The Lamb Center Fairfax, VA | $7,526,536 | $2,291,024 |
Mid Atlantic Regional Air Management Assocation Inc Towson, MD | $333,347 | $1,756,559 |
National Association Of Clean Air Agencies Washington, DC | $1,463,283 | $1,566,349 |