Clean Energy Transition Institute
- Assets
- $466.1k
- Revenue
- $949.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Seattle, WA
- Founding
- 02/2019
- Data as of
- 12/2023
- EIN
- 83-0644369
Organization Overview
Clean Energy Transition Institute is located in Seattle, WA. The organization was established in 2019. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2023, Clean Energy Transition Institute employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clean Energy Transition 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 12/2023, Clean Energy Transition Institute generated $949.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $1.0m during the year ending 12/2023. While expenses have increased by 26.6% per year over the past 5 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE AN EQUITABLE CLEAN ENERGY TRANSITION IN THE NORTHWEST BY PRODUCING UNBIASED RESEARCH AND ANALYSIS FRAMING ECONOMIC DECARBONIZATION STRATEGIES AND CONVENING STAKEHOLDERS TO DEBATE THE TRADEOFFS IN BUILDING THE CLEAN ENERGY ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2023, THE CLEAN ENERGY TRANSITION INSTITUTE ACCOMPLISHED THE FOLLOWING: 1-MARCH, RELEASED THE SHORT FILM PRESERVING A WAY OF LIFE AS PART OF OUR CLAIMING POWER PROJECT, WHICH TELLS STORIES ABOUT RURAL COMMUNITIES AND CLEAN ENERGY. THIS VIDEO SHOWS HOW THE PATH FORWARD TO A NEW ENERGY FUTURE CAN BE INFORMED AND STRENGTHENED BY LOOKING BACK, PARTICULARLY FOR COMMUNITIES CENTERED AROUND TRADITIONAL INDIGENOUS VALUES. 2-MAY, CETI LAUNCHED SCALE 2030, WHICH BUILDS OFF OPERATION 2030 AND AIMS TO DRIVE SYSTEMIC CHANGE TO MOBILIZE LARGESCALE, EQUITABLE BUILDING DECARBONIZATION IN WASHINGTON STATE. 3-JUNE, CETI RELEASED NET-ZERO NORTHWEST: TECHNICAL AND ECONOMIC PATHWAYS TO 2050, THE NATION'S FIRST REGIONAL, ECONOMY-WIDE ANALYSIS OF ENERGY PATHWAYS TO NET-ZERO EMISSIONS AND ASSOCIATED HEALTH IMPACTS FROM REDUCED TAILPIPE AND SMOKESTACK EMISSIONS. 4-NOVEMBER, CETI RELEASED THE NZNW WORKFORCE ANALYSIS LAUNCH, WHICH EXAMINES THE IMPACT THAT THE CLEAN ENERGY TRANSITION WOULD HAVE ON EMPLOYMENT IN FOUR ENERGY SECTORS. WE ALSO CETI KICKED OFF WORK IN PARTNERSHIP WITH THE WASHINGTON STATE DEPARTMENT OF COMMERCE, ROSS STRATEGIC, AND INDUSTRIAL ECONOMICS TO COMPLETE A RURAL CLEAN ENERGY ANALYSIS FOR WASHINGTON, DUE TO THE STATE LEGISLATURE IN DECEMBER 2024. 5-IN DECEMBER, CETI WORKED WITH RENEWABLE NW TO SUPPORT THEIR NORTHWEST OFFSHORE WIND JOBS STUDY, WHICH EXAMINES EMPLOYMENT SUPPORTING OFFSHORE WIND DEVELOPMENT IN OREGON IN THE CONTEXT OF THE NZNW ENERGY PATHWAYS ANALYSIS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen V Quigley Executive Director | 40 | $168,900 | |
John Mcgarry President | OfficerTrustee | 1 | $0 |
Ross Macfarlane Secretary | OfficerTrustee | 1 | $0 |
Liz Thomas Treasurer | OfficerTrustee | 1 | $0 |
Kathleen Herbert Director | Trustee | 0.5 | $0 |
Bonnie Frye Hemphill Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Evolved Energy Research Llc Technical Consultant | 12/30/23 | $370,000 |
Bw Research Partnership Inc Technical Consultant | 12/30/23 | $101,520 |
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 | $674,525 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $674,525 |
| Total Program Service Revenue | $275,085 |
| Investment income | $30 |
| 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 | $949,640 |
| 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. | $168,900 |
| Compensation of current officers, directors, key employees. | $14,488 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,841 |
| Pension plan accruals and contributions | $9,388 |
| Other employee benefits | $20,314 |
| Payroll taxes | $24,884 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $16,531 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $578,603 |
| Advertising and promotion | $1,760 |
| Office expenses | $1,332 |
| Information technology | $9,280 |
| Royalties | $0 |
| Occupancy | $18,000 |
| Travel | $2,812 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,345 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,751 |
| All other expenses | $2,040 |
| Total functional expenses | $1,013,520 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $114,699 |
| Savings and temporary cash investments | $331,287 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,085 |
| 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 | $0 |
| Total assets | $466,071 |
| Accounts payable and accrued expenses | $20,364 |
| 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 | $20,364 |
| Net assets without donor restrictions | $270,867 |
| Net assets with donor restrictions | $174,840 |
| 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 | $466,071 |