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← INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY

Form 990 for tax year 2024

Filed by INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY.

Totals

Total revenue
$862,576
Total expenses
$507,692
Contributions and grants received
$861,000
Grants paid
$0
Program service revenue
$0
Investment income
$1,576
Other revenue
$0
Total assets, end of year
$726,076
Total liabilities, end of year
$160,035
Net assets or fund balances, end of year
$566,041
Program services expenses (Part IX)
$449,606
Management and general expenses
$58,086
Fundraising expenses
$0
Program service expenses (Part III)
$449,606

Program services were 88.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1e · Government grants (contributions)

    $140,000

  • 1f · All other contributions, gifts and grants

    $721,000

  • 3 · Investment income

    total $1,576 · related or exempt $1,576

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $162,000 · program services $142,560 · management and general $19,440

  • 9 · Other employee benefits

    total $29,727 · program services $26,160 · management and general $3,567

  • 10 · Payroll taxes

    total $12,617 · program services $11,103 · management and general $1,514

  • 11c · Fees: accounting

    total $6,100 · program services $5,368 · management and general $732

  • 11g · Fees: other

    total $120,154 · program services $105,736 · management and general $14,418

  • 13 · Office expenses

    total $9,208 · program services $8,103 · management and general $1,105

  • 14 · Information technology

    total $6,339 · program services $5,578 · management and general $761

  • 16 · Occupancy

    total $48,310 · program services $42,512 · management and general $5,798

  • 17 · Travel

    total $44,412 · program services $39,083 · management and general $5,329

  • 19 · Conferences, conventions and meetings

    total $55,299 · program services $55,299

  • 20 · Interest

    total $4,317 · management and general $4,317

  • 22 · Depreciation, depletion and amortization

    total $1,729 · program services $1,522 · management and general $207

  • 24a · Other expenses: REPAIR AND MAINTENANCE

    total $7,480 · program services $6,582 · management and general $898

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $85,082 · end of year $281,406

  • 2 · Savings and temporary cash investments

    beginning of year $12,610 · end of year $300,216

  • 4 · Accounts receivable

    beginning of year $100,000

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

    $27,104

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

    $23,890

  • 10c · Land, buildings and equipment, net

    beginning of year $1,253 · end of year $3,214

  • 11 · Investments: publicly traded securities

    beginning of year $131,416 · end of year $141,240

  • 17 · Accounts payable and accrued expenses

    end of year $3,536

  • 24 · Unsecured notes and loans payable

    beginning of year $146,625 · end of year $149,476

  • 25 · Other liabilities

    beginning of year $14,403 · end of year $7,023

  • 27 · Net assets without donor restrictions

    beginning of year $69,333 · end of year $316,041

  • 28 · Net assets with donor restrictions

    beginning of year $100,000 · end of year $250,000

Mission and programs · 2024

Mission

PROMOTE CLEAN ENERGY AND SUSTAINABLE TRANSPORTATION TO MITIGATE CLIMATE CHANGE AROUND THE WORLD.

  • TRANSPORTATION: INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY (ICES) PROMOTES TRANSPORTATION ELECTRIFICATION POLICIES AND ZERO EMISSION VEHICLE IDEAS AROUND THE GLOBE TO ACHIEVE REAL INCREASES IN ELECTRIC VEHICLE SALES AND REDUCTIONS IN GREENHOUSE GAS EMISSIONS. THE SPECIFIC TASKS UNDER THIS PROGRAM ARE: 1.TRANSPORTATION ELECTRIFICATION ROADMAP DEVELOPMENT 2.SUSTAINABLE AVIATION FUEL POLICIES 3.ELECTRIC COMMERECIAL VEHICLE PROMOTION AND POLICY RESEARCH.

    Expenses $233,926 · Revenue $400,000

  • CLEAN ENERGY: ICES PROMOTES U.S. CLEAN ENERGY AND ENVIRONMENTAL TECHNOLOGIES IN EMERGING MARKETS, AND PROVIDES SERVICES FOR US FIRMS TO SHOWCASE THEIR PRODUCTS & SERVICES IN ASIAN AND GREATER CHINA MARKETS IN ORDER TO INCREASE MARKET DEMAND AND SALES FOR US CLEAN TECH COMPANIES.

    Expenses $152,052 · Revenue $325,000

  • CLIMATE CHANGE: WITH SUPPORT FROM PHILANTHROPIC FOUNDATIONS AND MULTILATERAL AGENCIES, ICES IS WORKING WITH PARTNERS IN GOVERNMENTS AND BUSINESS TO DEVELOP AND PROMOTE ENERGY AND CARBON MANAGEMENT BEST PRACTICES TO REDUCE ENERGY USE AND GREENHOUSE GAS EMISSIONS FROM CORPORATIONS AS WELL AS LOCAL ECONOMIC DEVELOPMENT AREAS. ICES IS DEVELOPING A CLIMATE FINANCING MECHANISM TO REDUCE GHG EMISSIONS FROM INDUSTRY AND TRANSPORTATION SECTOR. THE GOAL OF THIS WORKING AREA IS TO PRODUCE RELIABLE,CONSISTENT AND VERIFIABLE PROGRESS AND INFORMATION ON ENERGY CONSUMPTION AND CARBON EMISSIONS ON THECORPORATION AND LOCAL MUNICIPALITY LEVEL.

    Expenses $63,628 · Revenue $136,000

As filed on the 2024 return.

Listed in Part VII

  • Feng An

    DIRECTORPRESIDENT

    Total calculated
    $137,727
    From this org
    $108,000
    From related orgs
    $0
    Other
    $29,727
    Hours/week
    40

  • Kate Blumberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • John Decicco

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jim D Boyd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Fuqiang Yang

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Robyn Camp

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0

  • Jing Zhang

    CFO

    Total calculated
    $0
    Hours/week
    0

  • Alex Morales

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

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.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ICET-CHINA

    501C3 · PUBLIC OUTREACH AND EDUCATION PROGRAM · CH

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • U S - CHINA CLEANTECH CENTER

    C Corp · PROMOTE US CLEAN TECHNOLOGIES TO CHINESE MARKET · CA · 0% owned

Provenance

Return type
form_990
Tax year
2024
Filed
11 July 2025
IRS schema version
2024v5.2
Source object
202502019349300300

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