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Nonprofiteer
← ENERGY INNOVATION BUSINESS COUNCIL

Form 990 for tax year 2025

Filed by ENERGY INNOVATION BUSINESS COUNCIL.

Totals

Total revenue
$890,804
Total expenses
$603,778
Contributions and grants received
$596,900
Grants paid
$0
Program service revenue
$262,507
Investment income
$56,093
Other revenue
-$24,696
Total assets, end of year
$1,815,811
Total liabilities, end of year
$187,539
Net assets or fund balances, end of year
$1,628,272
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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.

  • 1b · Membership dues

    $541,900

  • 1e · Government grants (contributions)

    $20,000

  • 1f · All other contributions, gifts and grants

    $35,000

  • 2a · Program service revenue: FEE FOR SERVICE

    total $234,157 · related or exempt $234,157

  • 2b · Program service revenue: MEMBER MEETING REVENUE

    total $28,350 · related or exempt $28,350

  • 3 · Investment income

    total $56,093 · related or exempt $56,093

  • 8a · Fundraising events: gross income

    $15,800

  • 8b · Fundraising events: direct expenses

    $40,874

  • 8c · Net income from fundraising events

    total -$25,074

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $378 · related or exempt $378

  • 11e · Other revenue, total

    $378

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $35,350

  • 11c · Fees: accounting

    total $16,026

  • 11d · Fees: lobbying

    total $66,034

  • 11g · Fees: other

    total $361,880

  • 12 · Advertising and promotion

    total $1,020

  • 13 · Office expenses

    total $6,593

  • 14 · Information technology

    total $5,037

  • 16 · Occupancy

    total $6,000

  • 17 · Travel

    total $9,392

  • 19 · Conferences, conventions and meetings

    total $87,356

  • 23 · Insurance

    total $3,913

  • 24a · Other expenses: BANK & REGISTRATION FEE

    total $5,177

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $128,830 · end of year $152,058

  • 2 · Savings and temporary cash investments

    beginning of year $1,258,123 · end of year $1,554,217

  • 4 · Accounts receivable

    beginning of year $118,863 · end of year $101,158

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,195 · end of year $7,128

  • 15 · Other assets

    end of year $1,250

  • 17 · Accounts payable and accrued expenses

    beginning of year $56,715 · end of year $80,789

  • 19 · Deferred revenue

    beginning of year $109,050 · end of year $106,750

  • 27 · Net assets without donor restrictions

    beginning of year $1,341,246 · end of year $1,628,272

Mission and programs · 2025

Mission

THE MISSION OF THE CORPORATION IS TO GROW MICHIGAN'S ADVANCED ENERGY ECONOMY BY FOSTERING OPPORTUNITIES FOR INNOVATION AND BUSINESS GROWTH AND OFFERING A UNIFIED VOICE IN CREATING A BUSINESS-FRIENDLY ENVIRONMENT FOR THE ADVANCED ENERGY INDUSTRY IN MICHIGAN.

  • HOSTED ANNUAL MEMBER MEETING TO BRING TOGETHER MICHIGAN'S ADVANCED ENERGY INDUSTRY TO ACCELERATE BUSINESS DEVELOPMENT OPPORTUNITIES AND CONNECT INDUSTRY LEADERS WITH LEADING POLICYMAKERS. HOSTED ANNUAL ENERGY INNOVATORS GALA TO HIGHLIGHT INDUSTRY ACCOMPLISHMENTS. REPRESENTED ADVANCED ENERGY INDUSTRY IN PROCEEDINGS BEFORE THE MICHIGAN PUBLIC COMMISSION.

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Laura Sherman

    PRESIDENT

    Total calculated
    $155,748
    From this org
    $0
    From related orgs
    $138,536
    Other
    $17,212
    Hours/week
    20

    Schedule J breakdown matched by us

    Base
    not reported + $138,536 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    $17,212
    Nontaxable benefits
    not reported
    Filer's total
    $17,212 + $138,536 related

  • Lauren Bigelow

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Bruce Goodman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kevin O'Connell

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Danielle Changala

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anand Gangadharan

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Erin Kricher

    BORAD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Brian Pageau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Heart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Max Schuster

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Scott Viciana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Carla Walker-Miller

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joshua Williams

    BOARD MEMBER

    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

None.

Answered no

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

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.

  • INSTITUTE FOR ENERGY INNOVATION - 45-4452585

    501C 3 · EDUCATION · MI

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2025
Filed
29 May 2026
IRS schema version
2025v4.0
Source object
202611499349300206

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