Skip to content
Nonprofiteer
← ADVANCED ENERGY UNITED INC

Form 990 for tax year 2022

Filed by ADVANCED ENERGY UNITED INC.

Totals

Total revenue
$4,564,948
Total expenses
$6,618,274
Contributions and grants received
$105,000
Grants paid
$1,209,456
Program service revenue
$4,336,131
Investment income
$116,742
Other revenue
$7,075
Total assets, end of year
$4,115,790
Total liabilities, end of year
$2,969,179
Net assets or fund balances, end of year
$1,146,611
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $105,000

  • 2a · Program service revenue: Membership dues

    total $2,668,747 · related or exempt $2,668,747

  • 2b · Program service revenue: Subscription fees

    total $1,641,423 · related or exempt $1,641,423

  • 2c · Program service revenue: Registration fees

    total $17,520 · related or exempt $17,520

  • 2d · Program service revenue: Sponsorships

    total $8,441 · related or exempt $8,441

  • 3 · Investment income

    total $13 · excluded $13

  • 7a · Gross sales of assets other than inventory

    other assets $361,435

  • 7b · Less cost or other basis and sales expenses

    other assets $244,706

  • 7c · Gain or loss

    other assets $116,729

  • 7d · Net gain or loss

    total $116,729 · excluded $116,729

  • 11a · Other revenue: Other revenue

    total $7,075 · excluded $7,075

  • 11e · Other revenue, total

    $7,075

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,209,456

  • 5 · Compensation of officers, directors and key employees

    total $795,219

  • 7 · Other salaries and wages

    total $2,403,355

  • 8 · Pension plan contributions

    total $51,885

  • 9 · Other employee benefits

    total $224,222

  • 10 · Payroll taxes

    total $391,053

  • 11b · Fees: legal

    total $49,573

  • 11c · Fees: accounting

    total $159,501

  • 11g · Fees: other

    total $452,287

  • 12 · Advertising and promotion

    total $101,063

  • 13 · Office expenses

    total $38,502

  • 14 · Information technology

    total $356,091

  • 16 · Occupancy

    total $94,698

  • 17 · Travel

    total $116,085

  • 19 · Conferences, conventions and meetings

    total $47,711

  • 20 · Interest

    total $1,521

  • 22 · Depreciation, depletion and amortization

    total $86,626

  • 23 · Insurance

    total $34,035

  • 24a · Other expenses: License and registratio

    total $3,215

  • 24b · Other expenses: Dues and subscriptions

    total $2,176

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,647,465 · end of year $36,786

  • 2 · Savings and temporary cash investments

    beginning of year $75,285 · end of year $479,198

  • 3 · Pledges and grants receivable

    beginning of year $1,900,000

  • 4 · Accounts receivable

    beginning of year $212,583 · end of year $113,885

  • 9 · Prepaid expenses and deferred charges

    beginning of year $143,926 · end of year $235,721

  • 10a · Land, buildings and equipment: cost or other basis

    $934,468

  • 10b · Land, buildings and equipment: accumulated depreciation

    $810,853

  • 10c · Land, buildings and equipment, net

    beginning of year $397,274 · end of year $123,615

  • 15 · Other assets

    beginning of year $1,119,561 · end of year $3,126,585

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,437,457 · end of year $1,091,416

  • 19 · Deferred revenue

    beginning of year $1,467,045 · end of year $1,877,763

  • 25 · Other liabilities

    beginning of year $391,655 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $226,487 · end of year $289,479

  • 28 · Net assets with donor restrictions

    beginning of year $2,973,450 · end of year $857,132

Mission and programs · 2022

Mission

See Schedule O

Activities or mission (Part I)

To transform public policy to enable rapid growth of advanced energy businesses.

  • Membership: United provides a forum through which advanced energy businesses can convene, collaborate and take action on policy issues and economic opportunities that impact companies across the entire sector, regardless of the business model or technologies that they may employ.

  • Education and Communications: As the business voice of advanced energy, United uses a wide variety of communications and marketing platforms to educate the public and build awareness of the advanced technologies that companies are currently employing to provide secure, clean and affordable energy, and highlight the resulting economic benefits to the states and regions in which those companies are operating.

  • Driving technology adoption: United convenes, connects and engages policy makers, stakeholders and the public to take action on state and regional policies that promote a world that runs on secure, clean and affordable technology.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Prasanna Venkatesan

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Sarah Webster

    Director

    Total calculated
    $0
    Hours/week
    1

  • Nathan Hanson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Travis Kavulla

    Director

    Total calculated
    $0
    Hours/week
    1

  • Mark Laabs

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeff Bishop

    Director

    Total calculated
    $0
    Hours/week
    1

  • Suzanne Leta

    Director

    Total calculated
    $0
    Hours/week
    1

  • Brianne Miller

    Director

    Total calculated
    $0
    Hours/week
    1

  • Megan Beauregard

    Director

    Total calculated
    $0
    Hours/week
    1

  • Davhi Wilson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Amy Heart

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Kreamer

    CEO

    Total calculated
    $397,062
    From this org
    $367,202
    From related orgs
    $0
    Other
    $29,860
    Hours/week
    18

    Schedule J breakdown matched by us

    Base
    $243,475
    Bonus
    $123,727
    Other
    $0
    Deferred
    $20,776
    Nontaxable benefits
    $9,084
    Filer's total
    $397,062

  • Heather O'Neill

    President

    Total calculated
    $133,037
    From this org
    $120,362
    From related orgs
    $0
    Other
    $12,675
    Hours/week
    12

  • Jeff Dennis

    Secretary, General Counsel

    Total calculated
    $98,675
    From this org
    $89,026
    From related orgs
    $0
    Other
    $9,649
    Hours/week
    20

  • Allison Ingram

    Treasurer, EVP Finance and Operations

    Total calculated
    $166,445
    From this org
    $136,867
    From related orgs
    $0
    Other
    $29,578
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    $122,500
    Bonus
    $14,367
    Other
    $0
    Deferred
    $20,250
    Nontaxable benefits
    $9,328
    Filer's total
    $166,445

  • Dylan Cronin

    Sales Account Executive

    Total calculated
    $156,412
    From this org
    $145,330
    From related orgs
    $0
    Other
    $11,082
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $145,330
    Bonus
    $0
    Other
    $0
    Deferred
    $6,009
    Nontaxable benefits
    $5,073
    Filer's total
    $156,412

  • Mike Breen

    Sr. Software Developer

    Total calculated
    $180,291
    From this org
    $168,207
    From related orgs
    $0
    Other
    $12,084
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,790
    Bonus
    $5,417
    Other
    $0
    Deferred
    $10,628
    Nontaxable benefits
    $1,456
    Filer's total
    $180,291

  • Brenda Christopher

    Lead Product Manager

    Total calculated
    $186,611
    From this org
    $169,206
    From related orgs
    $0
    Other
    $17,405
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $14,206
    Other
    $0
    Deferred
    $10,170
    Nontaxable benefits
    $7,235
    Filer's total
    $186,611

  • Paige Haskins

    Full Stack Software Engineer

    Total calculated
    $144,503
    From this org
    $131,701
    From related orgs
    $0
    Other
    $12,802
    Hours/week
    40

  • Austin Schurg

    Full Stack Software Developer

    Total calculated
    $138,144
    From this org
    $124,872
    From related orgs
    $0
    Other
    $13,272
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

Part I, Line 3
CEO's salary is determined by the Finance Committee and Board Chairman and included in his employment contract. The salary was determined based upon consultation with an outside recruiting firm and comparisons to other similar sized organizations. The salary is annually reviewed by the Board Chairman for Advanced Energy United, Inc., Advanced Energy Institute and Counterspark, Inc.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
28 August 2023
IRS schema version
2022v5.0
Source object
202322439349301202

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.