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← INSTITUTE FOR ENERGY RESEARCH

Form 990 for tax year 2022

Filed by INSTITUTE FOR ENERGY RESEARCH.

Totals

Total revenue
$2,304,882
Total expenses
$1,994,614
Contributions and grants received
$2,263,726
Grants paid
$0
Program service revenue
$788
Investment income
$424
Other revenue
$39,944
Total assets, end of year
$2,739,548
Total liabilities, end of year
$633,086
Net assets or fund balances, end of year
$2,106,462
Program services expenses (Part IX)
$1,369,229
Management and general expenses
$471,056
Fundraising expenses
$154,329
Program service expenses (Part III)
$1,369,229

Program services were 68.6% 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

    $2,263,726

  • 1g · Noncash contributions included above

    $11,881

  • 2a · Program service revenue: PUBLICATIONS

    total $788 · related or exempt $788

  • 3 · Investment income

    total $424 · excluded $424

  • 6a · Gross rents

    real property $33,600

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $33,600

  • 6d · Net rental income or loss

    total $33,600 · excluded $33,600

  • 11a · Other revenue: USE OF AEA FACILITIES

    total $6,344 · excluded $6,344

  • 11e · Other revenue, total

    $6,344

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $507,267 · program services $424,351 · management and general $33,131 · fundraising $49,785

  • 7 · Other salaries and wages

    total $278,156 · program services $151,432 · management and general $126,181 · fundraising $543

  • 8 · Pension plan contributions

    total $14,631 · program services $9,418 · management and general $3,920 · fundraising $1,293

  • 9 · Other employee benefits

    total $18,613 · program services $9,792 · management and general $7,943 · fundraising $878

  • 10 · Payroll taxes

    total $40,199 · program services $29,216 · management and general $8,427 · fundraising $2,556

  • 11b · Fees: legal

    total $35,988 · management and general $35,988

  • 11c · Fees: accounting

    total $70,656 · program services $8,952 · management and general $61,704

  • 11g · Fees: other

    total $643,209 · program services $620,432 · management and general $3,245 · fundraising $19,532

  • 12 · Advertising and promotion

    total $53,550 · program services $53,550

  • 13 · Office expenses

    total $34,741 · program services $15,569 · management and general $16,523 · fundraising $2,649

  • 14 · Information technology

    total $21,085 · program services $12,554 · management and general $7,352 · fundraising $1,179

  • 16 · Occupancy

    total $84,288 · management and general $84,288

  • 17 · Travel

    total $23,439 · program services $18,946 · management and general $4,433 · fundraising $60

  • 19 · Conferences, conventions and meetings

    total $1,559 · program services $1,559

  • 22 · Depreciation, depletion and amortization

    total $14,118 · management and general $14,118

  • 23 · Insurance

    total $33,678 · management and general $33,678

  • 24a · Other expenses: PRINTING/MAILING

    total $77,029 · program services $141 · management and general $11,999 · fundraising $64,889

  • 24b · Other expenses: BOOKS/SUBSCRIPTIONS

    total $28,980 · program services $12,987 · management and general $13,783 · fundraising $2,210

  • 24c · Other expenses: LICENSES/REGISTRATIONS

    total $8,398 · management and general $610 · fundraising $7,788

  • 24d · Other expenses: BANK FEES

    total $3,707 · program services $278 · management and general $2,612 · fundraising $817

  • 24e · All other expenses

    total $1,323 · program services $52 · management and general $1,121 · fundraising $150

  • 26 · Joint costs (an allocation of the lines above)

    total $1,574,651 · program services $1,133,501 · management and general $245,595 · fundraising $195,555

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $81,436 · end of year $111,697

  • 2 · Savings and temporary cash investments

    beginning of year $1,335,636 · end of year $1,756,080

  • 4 · Accounts receivable

    beginning of year $6,550 · end of year $4,170

  • 8 · Inventories for sale or use

    beginning of year $3,101 · end of year $3,101

  • 9 · Prepaid expenses and deferred charges

    beginning of year $21,823 · end of year $44,435

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

    $247,485

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

    $198,274

  • 10c · Land, buildings and equipment, net

    beginning of year $37,507 · end of year $49,211

  • 15 · Other assets

    beginning of year $383,559 · end of year $770,854

  • 17 · Accounts payable and accrued expenses

    beginning of year $65,654 · end of year $147,505

  • 25 · Other liabilities

    beginning of year $7,610 · end of year $485,581

  • 27 · Net assets without donor restrictions

    beginning of year $1,710,973 · end of year $2,098,712

  • 28 · Net assets with donor restrictions

    beginning of year $85,375 · end of year $7,750

Mission and programs · 2022

Mission

THE INSTITUTE FOR ENERGY RESEARCH (IER) IS A NOT-FOR-PROFIT ORGANIZATION THAT CONDUCTS INTENSIVE RESEARCH AND ANALYSIS ON THE FUNCTIONS, OPERATIONS, AND GOVERNMENT REGULATION OF GLOBAL ENERGY MARKETS. IER MAINTAINS THAT FREELY-FUNCTIONING ENERGY MARKETS PROVIDE THE MOST EFFICIENT AND EFFECTIVE SOLUTIONS TO TODAY'S GLOBAL ENERGY AND ENVIRONMENTAL CHALLENGES AND, AS SUCH, ARE CRITICAL TO THE WELL-BEING OF INDIVIDUALS AND SOCIETY.

  • PUBLIC EDUCATION: IER TURNS RESEARCH INTO EDUCATIONAL MATERIALS. IER'S COMMUNICATION AND EDUCATION EFFORTS ARE DISSEMINATED EMPLOYING BOTH TRADITIONAL AND NEW MEDIA TO EDUCATE POLICY MAKERS, THE MEDIA, THE GENERAL PUBLIC, AND OTHER CONSTITUENCIES ON ENERGY ISSUES AND SOUND ENERGY AND ENVIRONMENTAL POLICY.

    Expenses $1,008,410

  • RESEARCH: IER CONDUCTS INTENSIVE, ORIGINAL RESEARCH AND ANALYSIS ON THE FUNCTIONS, OPERATIONS, AND GOVERNMENT REGULATION OF GLOBAL ENERGY MARKETS. IER HAS EARNED A SOLID REPUTATION AS A PREMIER SOURCE OF ACCURATE, SUBSTANTIVE AND TIMELY ENERGY INFORMATION FOR POLICY MAKERS, THE MEDIA, AND PUBLIC. IER'S SCHOLARLY RESEARCH PROVIDES THE INTELLECTUAL UNDERPINNINGS FOR OUR EDUCATIONAL EFFORTS. THIS YEAR WE FOCUSED ON IMPEDIMENTS TO DOMESTIC ENERGY PRODUCTION, INCLUDING GOVERNMENT RESTRICTIONS ON ACCESS, BURDENSOME REGULATIONS, AND THE FAVORITISM OF ENERGY SOURCES THAT ARE UNSUSTAINABLE IN THE MARKET PLACE.

    Expenses $360,819 · Revenue $788

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Preston Marshall

    DIRECTOR/CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • James H Clarkson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Wayne Gable

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Steven F Hayward

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Trent Sebits

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Robert L Bradley Jr

    CHIEF EXECUTIVE OFFICER/FOUNDER

    Total calculated
    $188,299
    From this org
    $161,028
    From related orgs
    $9,372
    Other
    $17,899
    Hours/week
    47 + 3 related

    Schedule J breakdown matched by us

    Base
    $161,028 + $9,372 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,347 + $253 related
    Nontaxable benefits
    $12,568 + $731 related
    Filer's total
    $177,943 + $10,356 related

  • Thomas J Pyle

    PRESIDENT

    Total calculated
    $410,126
    From this org
    $167,293
    From related orgs
    $206,547
    Other
    $36,286
    Hours/week
    23 + 27 related

    Schedule J breakdown matched by us

    Base
    $167,293 + $206,547 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,222 + $3,978 related
    Nontaxable benefits
    $13,016 + $16,070 related
    Filer's total
    $183,531 + $226,595 related

  • Lisa Wallace

    SENIOR VP/SEC/TREASURER

    Total calculated
    $276,384
    From this org
    $129,090
    From related orgs
    $115,630
    Other
    $31,664
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $129,090 + $115,630 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,798 + $3,402 related
    Nontaxable benefits
    $12,905 + $11,559 related
    Filer's total
    $145,793 + $130,591 related

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 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

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.

  • AMERICAN ENERGY ALLIANCE

    501(C)(4) · EDUCATIONAL ADVOCACY · DC · controlled entity

    Directly controlled by INSTITUTE FOR ENERGY RESEARCH

Provenance

Return type
form_990
Tax year
2022
Filed
21 September 2023
IRS schema version
2022v5.0
Source object
202342659349300334

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