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← REGULATORY ASSISTANCE PROJECT

Form 990 for tax year 2024

Filed by REGULATORY ASSISTANCE PROJECT.

Totals

Total revenue
$10,015,374
Total expenses
$9,747,198
Contributions and grants received
$8,953,099
Grants paid
$0
Program service revenue
$894,081
Investment income
$152,869
Other revenue
$15,325
Total assets, end of year
$10,783,369
Total liabilities, end of year
$2,193,812
Net assets or fund balances, end of year
$8,589,557
Program services expenses (Part IX)
$8,081,214
Management and general expenses
$1,535,328
Fundraising expenses
$130,656
Program service expenses (Part III)
$8,081,214

Program services were 82.9% 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

    $8,953,099

  • 2a · Program service revenue: CONTRACT REVENUE

    total $894,081 · related or exempt $894,081

  • 3 · Investment income

    total $152,869 · excluded $152,869

  • 11a · Other revenue: REIMBURSED EXPENSES

    total $8,975 · excluded $8,975

  • 11b · Other revenue: EXCHANGE GAIN

    total $6,350 · excluded $6,350

  • 11e · Other revenue, total

    $15,325

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $2,168,519 · program services $1,759,131 · management and general $366,490 · fundraising $42,898

  • 7 · Other salaries and wages

    total $1,958,232 · program services $1,595,584 · management and general $323,783 · fundraising $38,865

  • 8 · Pension plan contributions

    total $140,955 · program services $115,320 · management and general $22,795 · fundraising $2,840

  • 9 · Other employee benefits

    total $1,439,939 · program services $1,178,062 · management and general $232,870 · fundraising $29,007

  • 10 · Payroll taxes

    total $315,687 · program services $258,274 · management and general $51,053 · fundraising $6,360

  • 11b · Fees: legal

    total $9,946 · management and general $9,946

  • 11c · Fees: accounting

    total $50,003 · program services $1,472 · management and general $48,531

  • 11g · Fees: other

    total $2,570,934 · program services $2,362,183 · management and general $206,251 · fundraising $2,500

  • 13 · Office expenses

    total $67,732 · program services $38,770 · management and general $27,361 · fundraising $1,601

  • 14 · Information technology

    total $138,582 · program services $13,437 · management and general $123,546 · fundraising $1,599

  • 16 · Occupancy

    total $119,029 · program services $68,365 · management and general $50,525 · fundraising $139

  • 17 · Travel

    total $303,136 · program services $289,047 · management and general $12,180 · fundraising $1,909

  • 19 · Conferences, conventions and meetings

    total $138,682 · program services $137,846 · management and general $836

  • 23 · Insurance

    total $31,073 · program services $20,597 · management and general $10,476

  • 24a · Other expenses: STAFF DEVELOPMENT

    total $96,299 · program services $76,228 · management and general $17,822 · fundraising $2,249

  • 24b · Other expenses: PUBLICATIONS

    total $72,982 · program services $72,548 · fundraising $434

  • 24c · Other expenses: SUBSCRIPTIONS

    total $62,628 · program services $61,322 · management and general $1,051 · fundraising $255

  • 24d · Other expenses: MEMBERSHIPS

    total $5,741 · program services $4,539 · management and general $1,202

  • 24e · All other expenses

    total $57,099 · program services $28,489 · management and general $28,610

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $7,930,236 · end of year $7,910,757

  • 4 · Accounts receivable

    beginning of year $1,116,442 · end of year $520,632

  • 9 · Prepaid expenses and deferred charges

    beginning of year $90,629 · end of year $81,329

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

    $273,527

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

    $273,527

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $772,162

  • 15 · Other assets

    beginning of year $1,371,720 · end of year $1,498,489

  • 17 · Accounts payable and accrued expenses

    beginning of year $933,393 · end of year $700,075

  • 25 · Other liabilities

    beginning of year $1,342,292 · end of year $1,493,737

  • 27 · Net assets without donor restrictions

    beginning of year $3,807,109 · end of year $4,269,971

  • 28 · Net assets with donor restrictions

    beginning of year $4,426,233 · end of year $4,319,586

Mission and programs · 2024

Mission

RAP IS AN INTERNATIONAL TEAM OF EXPERTS THAT EDUCATES AND PARTNERS WITH DECISION-MAKERS TO DEVELOP DATA-INFORMED, REAL-WORLD SOLUTIONS. WE RESEARCH AND SEEK SOLUTIONS THAT ARE NOT ONLY COST-EFFECTIVE AND RELIABLE, BUT ALSO CREATE STRONGER, MORE EQUITABLE COMMUNITIES. RAP EDUCATES POLICYMAKERS AND HELPS THEM NAVIGATE THE COMPLEX WORLD OF CLEAN ENERGY POLICY CREATION AND NEGOTIATION. AS A COMMITTED AND ENGAGED PARTNER, WE ALSO WORK HARD TO SPARK THE PASSION AND COMMITMENT OF THE STAKEHOLDER COMMUNITY.

Activities or mission (Part I)

REGULATORY ASSISTANCE PROJECT (RAP) IS AN INDEPENDENT, GLOBAL ORGANIZATION ADVANCING POLICY INNOVATION, EDUCATION, AND THOUGHT LEADERSHIP WITHIN THE ENERGY COMMUNITY TO CREATE A CLEAN, RELIABLE, EQUITABLE, AND COST-EFFICIENT ENERGY FUTURE.

  • UNITED STATES: RAP'S EXPERIENCED TEAM OF TECHNICAL EXPERTS ASSIST DECISION-MAKERS NAVIGATE THE COMPLEX ISSUES POSED BY THE ACCELERATING CLEAN ENERGY TRANSFORMATION. AS TRUSTED ADVISORS, WE HELP STATES AND CITIES DEPLOY NEW CLEAN ENERGY TECHNOLOGIES AND BEST PRACTICES, PROTECT SYSTEM RELIABILITY AND CONSUMER INTERESTS, AND IMPROVE ENVIRONMENTAL PERFORMANCE.

    Expenses $3,422,047 · Revenue $616,149

  • EUROPE: TO MEET EUROPE'S AGGRESSIVE CLIMATE GOALS, RAP PROVIDES THOUGHT LEADERSHIP AND DATA-INFORMED SOLUTIONS TO DECARBONIZE TRANSPORTATION AND POWER SYSTEMS, PHASE OUT FOSSIL FUEL GASSES, AND IMPROVE ENERGY EFFICIENCY.

    Expenses $2,113,073 · Revenue $277,932

  • CHINA: DRAWING ON OUR GLOBAL EXPERTISE, WE TAILOR ADVANCED ENERGY SOLUTIONS TO PROVINCIAL AND NATIONAL POLICYMAKERS WHEN REQUESTED. OUR EFFORTS SPAN THE BREADTH OF CHINA'S GOALS TO TRANSFORM ITS POWER SECTOR BY INCREASING ENERGY EFFICIENCY, IMPROVING RESOURCE PLANNING, INTEGRATING RENEWABLES INTO THE GRID, REDUCING AIR POLLUTION, AND DESIGNING MARKETS AND EMISSIONS TRADING REGIMES.

    Expenses $962,634

  • INDIA: RAP FOSTERS INNOVATIVE RESEARCH AND PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO ENERGY REGULATORS AND DECISION-MAKERS. WE STIMULATE ROBUST PUBLIC DISCOURSE ON THE POLICIES NEEDED TO MEET INDIA'S CLIMATE AND CLEAN ENERGY GOALS.OTHER REGIONS OUTSIDE OUR CORE FOCUS: WE OCCASIONALLY TAKE ON WORK OUTSIDE OF OUR FOUR MAIN REGIONS IN SITUATIONS WHERE WE CAN HAVE A LASTING IMPACT. WE SEEK LONGER-TERM ENGAGEMENTS IN WHICH OUR DEEP REGULATORY EXPERTISE WILL BENEFIT POLICYMAKERS OR THE NGO COMMUNITY. OUR TEAM CONTEXTUALIZES ITS INTERNATIONAL EXPERTISE TO LOCAL CONDITIONS TO CREATE SUSTAINABLE SOLUTIONS TO LOCAL CHALLENGES. WE FOCUS ON BEST PRACTICES THAT CONSISTENTLY CREATE SUFFICIENT REVENUES TO ENSURE GRID RELIABILITY, DRIVE INVESTMENT IN CLEAN RESOURCES, BALANCE COST ALLOCATION FAIRLY AMONG DISPARATE GROUPS, SEND THE RIGHT PRICE SIGNALS TO CUSTOMERS, AND MOTIVATE PERFORMANCE CONSISTENT WITH PUBLIC POLICY OBJECTIVES.

    Expenses $1,583,460

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

Listed in Part VII

  • Richard Sedano

    CEO PARTIAL YEAR /PRINCIPAL

    Total calculated
    $294,144
    From this org
    $246,438
    From related orgs
    $0
    Other
    $47,706
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $245,234
    Bonus
    $0
    Other
    $1,204
    Deferred
    $18,059
    Nontaxable benefits
    $29,647
    Filer's total
    $294,144

  • Noelle MacKay

    COO (TO JUNE '24)

    Total calculated
    $260,235
    From this org
    $238,384
    From related orgs
    $0
    Other
    $21,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $109,468
    Bonus
    $0
    Other
    $128,916
    Deferred
    $7,528
    Nontaxable benefits
    $14,323
    Filer's total
    $260,235

  • Damali Harding

    PRINCIPAL

    Total calculated
    $255,915
    From this org
    $206,403
    From related orgs
    $0
    Other
    $49,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,743
    Bonus
    $0
    Other
    $660
    Deferred
    $15,593
    Nontaxable benefits
    $33,919
    Filer's total
    $255,915

  • Carl B Linvill

    PRINCIPAL

    Total calculated
    $250,120
    From this org
    $231,746
    From related orgs
    $0
    Other
    $18,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,474
    Bonus
    $0
    Other
    $1,272
    Deferred
    $15,174
    Nontaxable benefits
    $3,200
    Filer's total
    $250,120

  • Max Dupuy

    PRINCIPAL

    Total calculated
    $230,035
    From this org
    $216,141
    From related orgs
    $0
    Other
    $13,894
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,385
    Bonus
    $0
    Other
    $756
    Deferred
    $13,894
    Nontaxable benefits
    $0
    Filer's total
    $230,035

  • David Farnsworth

    PRINCIPAL

    Total calculated
    $226,145
    From this org
    $211,404
    From related orgs
    $0
    Other
    $14,741
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $210,200
    Bonus
    $0
    Other
    $1,204
    Deferred
    $13,610
    Nontaxable benefits
    $1,131
    Filer's total
    $226,145

  • Ronny Sandoval

    PRINCIPAL

    Total calculated
    $200,077
    From this org
    $167,466
    From related orgs
    $0
    Other
    $32,611
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,366
    Bonus
    $0
    Other
    $2,100
    Deferred
    $11,846
    Nontaxable benefits
    $20,765
    Filer's total
    $200,077

  • Richard Cowart

    PRINCIPAL

    Total calculated
    $194,358
    From this org
    $182,570
    From related orgs
    $0
    Other
    $11,788
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,472
    Bonus
    $0
    Other
    $1,098
    Deferred
    $11,538
    Nontaxable benefits
    $250
    Filer's total
    $194,358

  • Camille Kadoch

    PRINCIPAL, GENERAL COUNSEL

    Total calculated
    $177,447
    From this org
    $166,107
    From related orgs
    $0
    Other
    $11,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $160,562
    Bonus
    $0
    Other
    $5,545
    Deferred
    $10,140
    Nontaxable benefits
    $1,200
    Filer's total
    $177,447

  • Rebecca Wigg

    COMMUNICATIONS DIRECTOR

    Total calculated
    $174,664
    From this org
    $163,760
    From related orgs
    $0
    Other
    $10,904
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,708
    Bonus
    $0
    Other
    $2,052
    Deferred
    $10,187
    Nontaxable benefits
    $717
    Filer's total
    $174,664

  • Mark Lebel

    SENIOR ASSOCIATE

    Total calculated
    $155,298
    From this org
    $145,559
    From related orgs
    $0
    Other
    $9,739
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,077
    Bonus
    $0
    Other
    $482
    Deferred
    $9,022
    Nontaxable benefits
    $717
    Filer's total
    $155,298

  • Shawn Enterline

    SENIOR ASSOCIATE

    Total calculated
    $151,936
    From this org
    $140,100
    From related orgs
    $0
    Other
    $11,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,514
    Bonus
    $0
    Other
    $586
    Deferred
    $8,796
    Nontaxable benefits
    $3,040
    Filer's total
    $151,936

  • Judith Miller

    DIRECTOR GLOBAL PEOPLE OPERATIONS

    Total calculated
    $150,117
    From this org
    $141,757
    From related orgs
    $0
    Other
    $8,360
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,323
    Bonus
    $0
    Other
    $5,434
    Deferred
    $8,360
    Nontaxable benefits
    $0
    Filer's total
    $150,117

  • David Moskovitz

    CEO PARTIAL YEAR /PRINCIPAL

    Total calculated
    $69,543
    From this org
    $63,151
    From related orgs
    $0
    Other
    $6,392
    Hours/week
    40

  • Amanda Ormond

    CHAIR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Peter Bradford

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Joanna Lewis

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Sydney Macky McLeary IV

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Anand Patwardhand

    DIRECTOR (FROM JUN '24)

    Total calculated
    $1,500
    From this org
    $1,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Franklin Tugwell

    DIRECTOR (TO MAR '24)

    Total calculated
    $500
    From this org
    $500
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Miranda Schreurs

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Douglas Ogden

    TREASURER, SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Katie McCormack

    DIRECTOR (FROM JUN '24)

    Total calculated
    $0
    Hours/week
    1

  • Alison Silverstein

    DIRECTOR (FROM JUN '24)

    Total calculated
    $0
    Hours/week
    1

  • Howard Wenger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 4A
NOELLE MACKAY RECEIVED SEVERANCE OF $107,705

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

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.

  • REGULATORY ASSISTANCE PROJECT ASBL

    ENERGY & ENVIRONMENT · BE

    Directly controlled by RAP

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202503029349301380

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