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← INSTITUTE FOR ENERGY INNOVATION

Form 990 for tax year 2024

Filed by INSTITUTE FOR ENERGY INNOVATION.

Totals

Total revenue
$1,321,756
Total expenses
$1,129,532
Contributions and grants received
$971,643
Grants paid
$0
Program service revenue
$326,895
Investment income
$23,218
Other revenue
$0
Total assets, end of year
$864,597
Total liabilities, end of year
$87,476
Net assets or fund balances, end of year
$777,121
Program services expenses (Part IX)
$830,892
Management and general expenses
$204,898
Fundraising expenses
$93,742
Program service expenses (Part III)
$830,892

Program services were 73.6% 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.

  • 1f · All other contributions, gifts and grants

    $971,643

  • 2a · Program service revenue: MANAGEMENT FEE SUPPORT

    total $326,895 · related or exempt $326,895

  • 3 · Investment income

    total $23,218 · related or exempt $23,218

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $144,937 · program services $72,468 · management and general $43,481 · fundraising $28,988

  • 7 · Other salaries and wages

    total $425,279 · program services $330,319 · management and general $42,528 · fundraising $52,432

  • 8 · Pension plan contributions

    total $11,100 · program services $8,621 · management and general $1,110 · fundraising $1,369

  • 9 · Other employee benefits

    total $34,628 · program services $26,269 · management and general $3,463 · fundraising $4,896

  • 10 · Payroll taxes

    total $43,314 · program services $31,020 · management and general $6,237 · fundraising $6,057

  • 11c · Fees: accounting

    total $16,259 · management and general $16,259

  • 11g · Fees: other

    total $407,416 · program services $357,366 · management and general $50,050

  • 13 · Office expenses

    total $17,911 · program services $73 · management and general $17,838

  • 17 · Travel

    total $3,584 · program services $1,475 · management and general $2,109

  • 19 · Conferences, conventions and meetings

    total $20,749 · management and general $20,749

  • 23 · Insurance

    total $893 · management and general $893

  • 24a · Other expenses: MEALS

    total $3,462 · program services $3,281 · management and general $181

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $78,159 · end of year $115,676

  • 2 · Savings and temporary cash investments

    beginning of year $460,275 · end of year $673,493

  • 4 · Accounts receivable

    beginning of year $68,332 · end of year $61,741

  • 9 · Prepaid expenses and deferred charges

    end of year $13,687

  • 17 · Accounts payable and accrued expenses

    beginning of year $21,869 · end of year $87,476

  • 27 · Net assets without donor restrictions

    beginning of year $584,897 · end of year $612,121

  • 28 · Net assets with donor restrictions

    end of year $165,000

Mission and programs · 2024

Mission

THE MISSION OF THE CORPORATION IS TO PROMOTE GREATER PUBLIC UNDERSTANDING OF ADVANCED ENERGY AND ITS ECONOMIC POTENTIAL FOR MICHIGAN AND TO INFORM THE PUBLIC AND POLICY DISCUSSION ON MICHIGAN'S ENERGY CHALLENGES AND OPPORTUNITIES.

  • EDUCATE POLICY MAKERS, BUSINESS LEADERS, AND THE PUBLIC ON ADVANCED ENERGY ISSUES INCLUDING ENERGY STORAGE, SOLAR ENERGY, MOBILITY, AND THE BUILT ENVIRONMENT.

    Expenses $830,892

  • THE PRESIDENT AND STAFF OF THE INSTITUTE FOR ENERGY INNOVATION PERFORMED MANAGEMENT FUNCTIONS AND PROVIDE SUPPORT FOR AN AFFILIATED EXEMPT ORGANIZATION.

    Revenue $326,895

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

Listed in Part VII

  • Lauren Bigelow

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Goodman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Annick Anctil

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Keith Cooley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Lauren Reeg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Tanya Paslawski

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jim Saber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Glenn Stevens Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Laura Sherman

    PRESIDENT

    Total calculated
    $144,937
    From this org
    $129,730
    From related orgs
    $0
    Other
    $15,207
    Hours/week
    20

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 July 2025
IRS schema version
2024v5.0
Source object
202521959349301157

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