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Nonprofiteer
← ADVANCED ENERGY INSTITUTE

Form 990 for tax year 2024

Filed by ADVANCED ENERGY INSTITUTE.

Totals

Total revenue
$8,625,467
Total expenses
$13,673,501
Contributions and grants received
$8,306,701
Grants paid
$200,000
Program service revenue
$0
Investment income
$318,766
Other revenue
$0
Total assets, end of year
$16,997,435
Total liabilities, end of year
$4,298,311
Net assets or fund balances, end of year
$12,699,124
Program services expenses (Part IX)
$11,797,355
Management and general expenses
$1,256,193
Fundraising expenses
$619,953
Program service expenses (Part III)
$11,797,355

Program services were 86.3% 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.

  • 1f · All other contributions, gifts and grants

    $8,306,701

  • 1g · Noncash contributions included above

    $1,003,607

  • 3 · Investment income

    total $343,176 · excluded $343,176

  • 7a · Gross sales of assets other than inventory

    securities $4,176,502

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

    securities $4,200,912

  • 7c · Gain or loss

    securities -$24,410

  • 7d · Net gain or loss

    total -$24,410 · excluded -$24,410

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $200,000 · program services $200,000

  • 5 · Compensation of officers, directors and key employees

    total $650,248 · program services $561,987 · management and general $45,925 · fundraising $42,336

  • 7 · Other salaries and wages

    total $6,555,479 · program services $5,665,686 · management and general $462,989 · fundraising $426,804

  • 8 · Pension plan contributions

    total $411,572 · program services $355,760 · management and general $29,968 · fundraising $25,844

  • 9 · Other employee benefits

    total $617,388 · program services $530,591 · management and general $46,727 · fundraising $40,070

  • 10 · Payroll taxes

    total $563,857 · program services $489,115 · management and general $37,681 · fundraising $37,061

  • 11b · Fees: legal

    total $4,080 · program services $322 · management and general $3,758

  • 11c · Fees: accounting

    total $10,263 · management and general $10,263

  • 11f · Fees: investment management

    total $12,498 · management and general $12,498

  • 11g · Fees: other

    total $2,898,958 · program services $2,579,188 · management and general $314,848 · fundraising $4,922

  • 12 · Advertising and promotion

    total $252,355 · program services $235,787 · management and general $16,568

  • 13 · Office expenses

    total $92,299 · program services $62,835 · management and general $25,737 · fundraising $3,727

  • 14 · Information technology

    total $321,093 · program services $224,525 · management and general $77,102 · fundraising $19,466

  • 16 · Occupancy

    total $130,788 · program services $94,006 · management and general $31,004 · fundraising $5,778

  • 17 · Travel

    total $435,385 · program services $311,690 · management and general $113,842 · fundraising $9,853

  • 19 · Conferences, conventions and meetings

    total $246,252 · program services $219,896 · management and general $22,264 · fundraising $4,092

  • 23 · Insurance

    total $5,019 · management and general $5,019

  • 24a · Other expenses: Sponsorship

    total $202,386 · program services $202,386

  • 24b · Other expenses: Dues and subscriptions

    total $47,231 · program services $47,231

  • 24c · Other expenses: Membership Dues

    total $16,350 · program services $16,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,645,498 · end of year $2,266,315

  • 2 · Savings and temporary cash investments

    beginning of year $6,237,290 · end of year $9,966,746

  • 4 · Accounts receivable

    beginning of year $7,100,000 · end of year $1,626,737

  • 9 · Prepaid expenses and deferred charges

    beginning of year $12,402 · end of year $37,012

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

    $34,687

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

    $34,687

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $999,985 · end of year $3,100,625

  • 17 · Accounts payable and accrued expenses

    beginning of year $264,048 · end of year $413,595

  • 25 · Other liabilities

    beginning of year $2,091,348 · end of year $3,884,716

  • 27 · Net assets without donor restrictions

    beginning of year $2,569,045 · end of year $3,006,347

  • 28 · Net assets with donor restrictions

    beginning of year $15,070,734 · end of year $9,692,777

Mission and programs · 2024

Mission

See Schedule O

Activities or mission (Part I)

To raise awareness of the public benefits and opportunities of advanced energy.

  • Driving technology adoption: U.S. energy policy is primarily determined at the state and local level and Advanced Energy Institute ("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, the Institute shares communications expertise and policy analyses of the advanced energy business sector with state and regional partner organizations, policy makers and other interested parties.

    Expenses $4,952,409

  • 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.

    Expenses $3,047,096

  • Decision maker education and engagement: The Institute works to help state regulators, state energy office officials, and candidates for governor and legislature better understand advanced energy products, services, and business models. Through engagement, business roundtables, and educational forums, the Institute educates candidates, commissioners, energy office officials, and staff members about the benefits advanced energy technologies and services can provide to customers and the electric power system and helps to solve the challenges in obtaining these benefits.

    Expenses $2,616,294

  • 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.

    Expenses $429,374

  • Other programs include: Education and communications.

    Expenses $752,182 · Grants $200,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Suedeen Kelly

    Director, Chair

    Total calculated
    $0
    Hours/week
    1

  • Neal Kemkar

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hemant Taneja

    Director

    Total calculated
    $0
    Hours/week
    1

  • Ted White

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert Kreamer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Heather O'Neill

    CEO & President

    Total calculated
    $352,344
    From this org
    $332,892
    From related orgs
    $0
    Other
    $19,452
    Hours/week
    16

    Schedule J breakdown matched by us

    Base
    $156,844
    Bonus
    $176,048
    Other
    $0
    Deferred
    $18,400
    Nontaxable benefits
    $1,052
    Filer's total
    $352,344

  • Allison Ingram

    Treasurer

    Total calculated
    $99,322
    From this org
    $79,890
    From related orgs
    $0
    Other
    $19,432
    Hours/week
    12

  • Jeremy McDiarmid

    General Counsel

    Total calculated
    $198,581
    From this org
    $158,660
    From related orgs
    $0
    Other
    $39,921
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $153,657
    Bonus
    $5,003
    Other
    $0
    Deferred
    $11,550
    Nontaxable benefits
    $28,371
    Filer's total
    $198,581

  • Ryan Katofsky

    Sr. Fellow, Content and Education

    Total calculated
    $228,444
    From this org
    $182,270
    From related orgs
    $0
    Other
    $46,174
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $176,807
    Bonus
    $5,463
    Other
    $0
    Deferred
    $13,038
    Nontaxable benefits
    $33,136
    Filer's total
    $228,444

  • Caitlin Klein

    Managing Director

    Total calculated
    $207,474
    From this org
    $176,073
    From related orgs
    $0
    Other
    $31,401
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,823
    Bonus
    $7,250
    Other
    $0
    Deferred
    $14,596
    Nontaxable benefits
    $16,805
    Filer's total
    $207,474

  • Patricia Demeter

    Managing Director

    Total calculated
    $207,057
    From this org
    $172,077
    From related orgs
    $0
    Other
    $34,980
    Hours/week
    38

    Schedule J breakdown matched by us

    Base
    $165,189
    Bonus
    $6,888
    Other
    $0
    Deferred
    $13,984
    Nontaxable benefits
    $20,996
    Filer's total
    $207,057

  • Hannah Polikov

    Managing Director

    Total calculated
    $182,660
    From this org
    $151,414
    From related orgs
    $0
    Other
    $31,246
    Hours/week
    31

    Schedule J breakdown matched by us

    Base
    $132,741
    Bonus
    $18,673
    Other
    $0
    Deferred
    $9,237
    Nontaxable benefits
    $22,009
    Filer's total
    $182,660

  • Harrison Godfrey

    Managing Director

    Total calculated
    $181,887
    From this org
    $149,540
    From related orgs
    $0
    Other
    $32,347
    Hours/week
    36

    Schedule J breakdown matched by us

    Base
    $144,365
    Bonus
    $5,175
    Other
    $0
    Deferred
    $11,281
    Nontaxable benefits
    $21,066
    Filer's total
    $181,887

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 · Compensation survey or study
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2024
Filed
16 October 2025
IRS schema version
2024v5.2
Source object
202522979349301147

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