Switch Energy Alliance
- Assets
- $3.2m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Austin, TX
- Founding
- 11/2017
- Data as of
- 12/2021
- EIN
- 81-4309125
Organization Overview
Switch Energy Alliance is located in Austin, TX. The organization was established in 2017. 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, Switch Energy Alliance employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Switch Energy Alliance 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, Switch Energy Alliance generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 67.5% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. 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
OUR MISSION IS TO INSPIRE AN ENERGY-EDUCATED FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR FREE VIDEO LIBRARY ALLOWS USERS TO EXPLORE AND SHARE VIDEO CONTENT ABOUT MOST ENERGY-RELATED TOPICS. IT INCLUDES THREE FEATURE FILMS, THE LATEST OF WHICH WAS RELEASED IN 2020. OUR SHORT-FORMAT MUSEUM FILM WAS CREATED TO COMMUNICATE VISUALLY HOW ENERGY MAKES EVERYTHING IN OUR LIVES POSSIBLE. OUR NEW ONLINE SWITCH CLASSROOM PROVIDES ENERGY CURRICULUM FOR AP ENVIRONMENTAL SCIENCE HIGH SCHOOL CLASSES AND WILL ALSO BE USED BY MIDDLE SCHOOL AND UNIVERSITY TEACHERS. THE SWITCH ENERGY CASE COMPETITION WAS DESIGNED TO CHALLENGE UNIVERSITY STUDENTS TO HELP SOLVE ENERGY POVERTY. WE ALSO ENCOURAGE STUDENTS AND OTHER USERS TO PARTICIPATE IN PRODUCTIVE ENERGY DISCUSSIONS THROUGH UNIVERSITY PARTNERSHIPS AND EDUCATOR-LED STUDENT WORK GROUPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Korina Smith Executive Director | Officer | 40 | $112,024 |
Scott Tinker Chairman | OfficerTrustee | 20 | $0 |
Dick Stoneburner Director | Trustee | 0.5 | $0 |
Darryl Willis Director | Trustee | 0.5 | $0 |
Jim Farnsworth Director | Trustee | 0.5 | $0 |
Anne Ekern Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Agnostic Datagroup Website Design/support | 12/30/21 | $184,646 |
Arcos Films Llc Film Production | 12/30/21 | $612,755 |
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 | $1,762,635 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,762,635 |
| Total Program Service Revenue | $0 |
| Investment income | $5,210 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $87 |
| 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 | $1,767,932 |
| 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. | $116,443 |
| Compensation of current officers, directors, key employees. | $30,275 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $191,729 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,922 |
| Payroll taxes | $23,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,813 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $63,665 |
| Advertising and promotion | $45,276 |
| Office expenses | $796 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $48,000 |
| Travel | $32,838 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,932 |
| All other expenses | $7,073 |
| Total functional expenses | $1,332,054 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,974 |
| Savings and temporary cash investments | $3,010,212 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,000 |
| Total assets | $3,199,186 |
| Accounts payable and accrued expenses | $6,377 |
| 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 | $0 |
| Total liabilities | $6,377 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $3,192,809 |
| Total liabilities and net assets/fund balances | $3,199,186 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Switch Energy Alliance has recieved totaling $2,500.
| Awarding Organization | Amount |
|---|---|
Mark And Tracie Monroe Family Foundation Austin, TX PURPOSE: GENERAL SUPPORT | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Energy Alliance Inc Houston, TX | $1,846,772 | $2,939,794 |
Lobo Energy Incorporated Albuquerque, NM | $7,881,888 | $2,177,036 |
Switch Energy Alliance Austin, TX | $3,199,186 | $1,767,932 |
Metropolitan Partnership For Energy San Antonio, TX | $166,821 | $682,017 |
Evolve Houston Houston, TX | $1,014,660 | $950,469 |
Southern Star Medical Research Institute Houston, TX | $10,333,982 | $668,385 |
Texas Property Assessed Clean Energy Authority Austin, TX | $379,425 | $627,538 |
Texas Solar Power Association Austin, TX | $405,490 | $480,667 |
Consumer Energy Education Foundation Houston, TX | $21,550 | $389,698 |
Tulsa Bike Share Inc Tulsa, OK | $686,494 | $255,021 |
Austin Community Design And Development Center Austin, TX | $39,219 | $233,852 |
Green Light New Orleans New Orleans, LA | $151,899 | $367,366 |