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← THOMAS ALVA EDISON FOUNDATION

Form 990 for tax year 2022

Filed by THOMAS ALVA EDISON FOUNDATION.

Totals

Total revenue
$1,507,030
Total expenses
$1,051,391
Contributions and grants received
$1,506,750
Grants paid
$8,000
Program service revenue
$0
Investment income
$280
Other revenue
$0
Total assets, end of year
$3,099,555
Total liabilities, end of year
$89,253
Net assets or fund balances, end of year
$3,010,302
Program services expenses (Part IX)
$935,469
Management and general expenses
$115,922
Fundraising expenses
$0
Program service expenses (Part III)
$935,469

Program services were 89.0% 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

    $1,506,750

  • 3 · Investment income

    total $280 · excluded $280

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,000 · program services $8,000

  • 5 · Compensation of officers, directors and key employees

    total $227,051 · program services $227,051

  • 7 · Other salaries and wages

    total $247,278 · program services $247,278

  • 8 · Pension plan contributions

    total $6,105 · program services $6,105

  • 9 · Other employee benefits

    total $38,664 · program services $38,664

  • 10 · Payroll taxes

    total $25,911 · program services $25,911

  • 11b · Fees: legal

    total $516 · management and general $516

  • 11c · Fees: accounting

    total $18,061 · management and general $18,061

  • 11g · Fees: other

    total $277,963 · program services $277,963

  • 13 · Office expenses

    total $8,648 · program services $225 · management and general $8,423

  • 14 · Information technology

    total $1,017 · management and general $1,017

  • 17 · Travel

    total $17,096 · program services $17,096

  • 19 · Conferences, conventions and meetings

    total $20,830 · program services $20,830

  • 24a · Other expenses: ALLOCATED EEI EXPENSES

    total $153,834 · program services $65,929 · management and general $87,905

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $417 · program services $417

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,808,170 · end of year $2,633,117

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,000 · end of year $7,583

  • 15 · Other assets

    beginning of year $79,138 · end of year $458,855

  • 17 · Accounts payable and accrued expenses

    beginning of year $90,145 · end of year $80,753

  • 19 · Deferred revenue

    beginning of year $243,500 · end of year $8,500

  • 27 · Net assets without donor restrictions

    beginning of year $2,554,663 · end of year $2,760,302

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $250,000

Mission and programs · 2022

Mission

THE EDISON FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION DEDICATED TO BRINGING THE BENEFITS OF ELECTRICITY TO FAMILIES, BUSINESSES, AND INDUSTRIES WORLDWIDE.

Activities or mission (Part I)

BRING THE BENEFITS OF ELECTRICITY TO FAMILIES, BUSINESSES, AND INDUSTRIES WORLDWIDE.

  • EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION:THE EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION (IEI) FOCUSES ON ADVANCING THE ADOPTION AND APPLICATION OF NEW TECHNOLOGIES THAT WILL STRENGTHEN AND TRANSFORM THE POWER GRID. IEI PROMOTES THE SHARING OF INFORMATION, IDEAS, AND EXPERIENCES AMONG REGULATORS, POLICYMAKERS, TECHNOLOGY COMPANIES, THOUGHT LEADERS, AND THE ELECTRIC POWER INDUSTRY. IEI ALSO IDENTIFIES POLICIES THAT SUPPORT THE BUSINESS CASE FOR THE ADOPTION OF COST-EFFECTIVE TECHNOLOGIES. DURING CY2022, THE FOLLOWING WERE SIGNIFICANT ACCOMPLISHMENTS OF THE INSTITUTE FOR ELECTRIC INNOVATION:CONTINUED ON SCHEDULE OANNUAL POWERING THE PEOPLE EVENTIN OCTOBER 2022, IEI HOSTED ITS ANNUAL EVENT FOCUSED ON CUSTOMER PARTNERSHIPS DRIVING THE FUTURE OF ENERGY. THIS YEAR'S EVENT FOCUSED ON TWO HIGH PRIORITY AREAS FOR THE ELECTIC POWER SECTOR: 100% CARBON FREE ENERGY SOLUTIONS: PREFERENCES, CHALLENGES, AND PATHWAYS FORWARD AND USING TECHNOLOGIES TO ENGAGE CUSTOMERS AND DRIVE BUSINESS AND CLIMATE OUTCOMES. ELECTRIC COMPANIES, TECHNOLOGY COMPANIES, POLICY MAKERS, REGULATORS AND OTHER STAKEHOLDERS ATTENDED THE EVENT.IEI EXECUTIVE DIALOGUESIN 2022, IEI BROUGHT TOGETHER TECHNOLOGY COMPANY EXECUTIVES AND ELECTRIC COMPANY CEOS AND SENIOR EXECUTIVES FOR ITS THOUGHT LEADERS SPEAK OUT EXECUTIVE DIALOGUE SERIES, WHICH FOCUSED ON USING TECHNOLOGY TO SUCCESSFULLY ENGAGE WITH RESIDENTIAL CUSTOMERS.NARUC BREAKFAST BRIEFINGIN JULY 2022, IEI HOSTED A BREAKFAST BRIEFING IN PARTNERSHIP WITH THE WORLD RESOURCES INSTITUTE (WRI) FOR NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONER MEMBERS FOCUSED ON 100% CARBON FREE ENERGY SOLUTIONS FOR CORPORATE CUSTOMERS: MOVING FROM ANNUAL TO HOURLY MATCHING. CARBON FREE ENERGY INITIATIVEIN 2022, IEI RELEASED ISSUE BRIEF TITLED "DESIGNING 100% CARBON FREE ENERGY SOLUTIONS: PREFERENCES, CHALLENGES, AND PATHWAYS FORWARD." THE ISSUE BRIEF INCORPORATED THE DISCUSSIONS AND LEARNINGS FROM A SERIES OF WORKSHOPS CONVENED BY IEI AND WRI AND EXPLORED THE CURRENT STATE OF CORPORATE CUSTOMER DEMAND FOR TIME-MATCHED 100% CARBON FREE ENERGY SOLUTIONS, ATTRIBUTES THAT MATTER MOST TO CUSTOMERS, AND CHALLENGES WITH SCALING THESE SOLUTIONS. IEI REPORTS AND ISSUE BRIEFSEACH YEAR, IEI PUBLISHES REPORTS, ISSUE BRIEFS, AND FACT SHEETS TO IDENTIFY WHERE THE INDUSTRY IS TODAY AND TRENDS FOR THE FUTURE IN THE AREAS OF ENERGY EFFICIENCY, SMART METERS, AND CLEAN ENERGY TRENDS. IN 2022, IEI PRODUCED AN ISSUE BRIEF ON ELECTRIC COMPANY SMART METER DEPLOYMENTS AND FACTS SHEETS FOCUSED ON THE STATE OF CLEAN ENERGY IMPLEMENTATION. IN APRIL 2022, IEI AUTHORED, "U.S. ELECTRIC COMPANIES ARE INNOVATING TO PROVIDE THE SOLUTIONS AND OPTIONS THAT CUSTOMERS WANT," AN ESSAY INCLUDED IN THE U.S. DOE/BERKELEY LABS' FUTURE ELECTRIC UTILITY REGULATION SERIES REPORT "THE ROLE OF INNOVATION IN THE ELECTRIC UTILITY SECTOR."

    Expenses $820,969 · Grants $8,000

  • EDISON FOUNDATION INSTITUTE FOR THE ENERGY TRANSITION:THE EDISON FOUNDATION'S INSTITUTE FOR THE ENERGY TRANSITION (IET) FOCUSES ON ASSESSING THE KEY 24/7 ZERO-EMITTING AND RELATED TECHNOLOGIES NECESSARY TO ACHIEVING CARBON EMISSIONS REDUCTION GOALS RELIABLY AND AFFORDABLY AND PERIODICALLY UPDATING THESE ASSESSMENTS FOR ALL STAKEHOLDERS TO REFLECT SIGNIFICANT DEVELOPMENTS, INCLUDING DEPLOYMENTS AND IMPROVED ECONOMIC FUNDAMENTALS. IET ALSO FOCUSES ON IDENTIFYING SOLUTIONS TO THE LEGAL, REGULATORY, AND POLICY ISSUES THAT MUST BE ADDRESSED TO ENSURE THAT THESE TECHNOLOGIES CAN BE DEPLOYED AS SOON AS THEY ARE DEMONSTRATED AND ECONOMIC. DURING CY2022, THE FOLLOWING WERE SIGNIFICANT ACCOMPLISHMENTS OF THE INSTITUTE FOR THE ENERGY TRANSITION: CONTINUED ON SCHEDULE O.IET EXECUTIVE CLEAN TECHNOLOGY DIALOGUESIN 2022, IET PARTNERED WITH MCKINSEY TO ORGANIZE A SERIES OF CLEAN TECHNOLOGY DIALOGUES TO BE HELD IN 2023 FOR TECHNOLOGY COMPANY EXECUTIVES AND ELECTRIC COMPANY CEOS AND SENIOR EXECUTIVES. THE DIALOGUES WILL FOCUS ON HYDROGEN, LONG DURATION ENERGY STORAGE, CARBON CAPTURE AND STORAGE AND ADVANCED GRID TECHNOLOGIES, AS WELL AS AN OVERALL ASSESSMENT OF THE CLEAN ENERGY TECHNOLOGY LANDSCAPE.GLOBAL POWER SECTOR ASSESSMENTIN 2022, IET ENGAGED ICF TO PRODUCE A PUBLIC REPORT ANALYZING POWER SECTOR EMISSIONS GLOBALLY, THE KEY FINDINGS OF WHICH WILL BE TRANSLATED INTO INFOGRAPHICS AND ONE-PAGERS THAT WILL BE MADE AVAILABLE ON THE IET WEBSITE. IET WILL PUBLISH THE REPORT, WHICH CONTAINS COUNTRY AND SECTOR SPECIFIC DATA, INCLUDING DETAILED INFORMATION ON THE U.S. POWER SECTOR IN 2023.

    Expenses $114,500

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

Listed in Part VII

  • MR THOMAS R KUHN

    PRESIDENT

    Total calculated
    $7,998,010
    From this org
    $0
    From related orgs
    $3,669,800
    Other
    $4,328,210
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,155,716 related
    Bonus
    $0 + $1,289,940 related
    Other
    $0 + $1,224,144 related
    Deferred
    $0 + $4,287,831 related
    Nontaxable benefits
    $0 + $40,379 related
    Filer's total
    $0 + $7,998,010 related

  • MR BRIAN L WOLFF

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $1,937,745
    From this org
    $0
    From related orgs
    $1,282,450
    Other
    $655,295
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $849,774 related
    Bonus
    $0 + $421,000 related
    Other
    $0 + $11,676 related
    Deferred
    $0 + $641,455 related
    Nontaxable benefits
    $0 + $13,840 related
    Filer's total
    $0 + $1,937,745 related

  • MS EMILY SANFORD FISHER

    EXECUTIVE VICE PRESIDENT

    Total calculated
    $844,765
    From this org
    $0
    From related orgs
    $693,089
    Other
    $151,676
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $470,000 related
    Bonus
    $0 + $220,000 related
    Other
    $0 + $3,089 related
    Deferred
    $0 + $147,949 related
    Nontaxable benefits
    $0 + $3,727 related
    Filer's total
    $0 + $844,765 related

  • MR JOHN S SCHLENKER

    TREASURER

    Total calculated
    $702,695
    From this org
    $0
    From related orgs
    $445,695
    Other
    $257,000
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,553 related
    Bonus
    $0 + $134,000 related
    Other
    $0 + $5,142 related
    Deferred
    $0 + $227,200 related
    Nontaxable benefits
    $0 + $29,800 related
    Filer's total
    $0 + $702,695 related

  • MS LISA WOOD

    VICE PRESIDENT

    Total calculated
    $649,439
    From this org
    $21,775
    From related orgs
    $413,729
    Other
    $213,935
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $15,103 + $286,958 related
    Bonus
    $6,250 + $118,750 related
    Other
    $422 + $8,021 related
    Deferred
    $10,052 + $190,988 related
    Nontaxable benefits
    $645 + $12,250 related
    Filer's total
    $32,472 + $616,967 related

  • MS STEPHANIE VOYDA

    SVP, COMM & MEMBER ENGAGEMENT, EEI

    Total calculated
    $588,665
    From this org
    $9,863
    From related orgs
    $483,281
    Other
    $95,521
    Hours/week
    1 + 44 related

    Schedule J breakdown matched by us

    Base
    $6,815 + $333,953 related
    Bonus
    $2,960 + $145,040 related
    Other
    $88 + $4,288 related
    Deferred
    $1,403 + $68,726 related
    Nontaxable benefits
    $508 + $24,884 related
    Filer's total
    $11,774 + $576,891 related

  • MR ERIC HOLDSWORTH

    ED, INST FOR THE ENERGY TRANSITION

    Total calculated
    $331,456
    From this org
    $0
    From related orgs
    $293,024
    Other
    $38,432
    Hours/week
    2 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,300 related
    Bonus
    $0 + $37,700 related
    Other
    $0 + $4,024 related
    Deferred
    $0 + $37,792 related
    Nontaxable benefits
    $0 + $640 related
    Filer's total
    $0 + $331,456 related

  • MR ADAM COOPER

    ED, INST FOR ELECTRIC INNOVATION

    Total calculated
    $275,898
    From this org
    $164,342
    From related orgs
    $54,781
    Other
    $56,775
    Hours/week
    34 + 11 related

    Schedule J breakdown matched by us

    Base
    $149,312 + $49,771 related
    Bonus
    $13,725 + $4,575 related
    Other
    $1,305 + $435 related
    Deferred
    $23,466 + $7,822 related
    Nontaxable benefits
    $19,115 + $6,372 related
    Filer's total
    $206,923 + $68,975 related

  • MS VICTORIA L CALDERON

    SECRETARY

    Total calculated
    $271,232
    From this org
    $0
    From related orgs
    $222,234
    Other
    $48,998
    Hours/week
    1 + 43 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,641 related
    Bonus
    $0 + $28,600 related
    Other
    $0 + $1,993 related
    Deferred
    $0 + $28,862 related
    Nontaxable benefits
    $0 + $20,136 related
    Filer's total
    $0 + $271,232 related

  • MS NIKI NELSON

    SR DIR, BRAND STRAT CRTIVE SVCS, EEI

    Total calculated
    $249,866
    From this org
    $1,970
    From related orgs
    $195,095
    Other
    $52,801
    Hours/week
    0.5 + 43.5 related

    Schedule J breakdown matched by us

    Base
    $1,754 + $173,674 related
    Bonus
    $197 + $19,503 related
    Other
    $19 + $1,918 related
    Deferred
    $294 + $29,150 related
    Nontaxable benefits
    $234 + $23,123 related
    Filer's total
    $2,498 + $247,368 related

  • MR STEVEN MCCUNE

    SR MGR,WEB/INTERACTIVE MEDIA DEV,EEI

    Total calculated
    $160,880
    From this org
    $1,398
    From related orgs
    $138,458
    Other
    $21,024
    Hours/week
    0.5 + 44.5 related

    Schedule J breakdown matched by us

    Base
    $1,286 + $127,345 related
    Bonus
    $87 + $8,613 related
    Other
    $25 + $2,500 related
    Deferred
    $84 + $8,270 related
    Nontaxable benefits
    $127 + $12,543 related
    Filer's total
    $1,609 + $159,271 related

  • MR CHRISTOPHER M CRANE

    CHAIR THRU 6/22, MEMBER AS OF 6/22

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR GERARD M ANDERSON

    MEMBER THRU 6/22, CHAIR AS OF 6/22

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MR NICHOLAS K AKINS

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR WARNER L BAXTER

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MS PATRICIA K VINCENT-COLLAWN

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR THOMAS A FANNING

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR BENJAMIN GS FOWKE III

    MEMBER AS OF 6/22

    Total calculated
    $0
    Hours/week
    1

  • MS LYNN J GOOD

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • MR PEDRO J PIZARRO

    MEMBER

    Total calculated
    $0
    Hours/week
    1 + 4 related

  • MS MARIA M POPE

    MEMBER AS OF 6/22

    Total calculated
    $0
    Hours/week
    1 + 4 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3
COMPENSATION IS SET BY THE EDISON ELECTRIC INSTITUTE, A RELATED ORGANIZATION, BASED ON RESULTS FROM COMPENSATION SURVEYS, FORM 990 OF OTHER ORGANIZATIONS AND A REVIEW BY AN INDEPENDENT CONSULTANT ON AN ANNUAL BASIS. THE PRESIDENT'S COMPENSATION IS REVIEWED BY THE RELATED ORGANIZATION'S COMPENSATION COMMITTEE AND APPROVED BY THE RELATED ORGANIZATION'S EXECUTIVE COMMITTEE AND BOARD.
PART I, LINE 4B
THOMAS KUHN EARNED BENEFITS OF $5,133,058 UNDER NON-QUALIFIED PLANS. CURRENT AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND COLUMN (C). IN ADDITION TO THE BENEFITS LISTED ABOVE IN PART I, LINE 4B, THE EDISON ELECTRIC INSTITUTE PROVIDES NON-QUALIFIED DEFERRED COMPENSATION PLANS FOR ELIGIBLE MANAGEMENT EMPLOYEES. CURRENT YEAR AMOUNTS ARE INCLUDED IN SCH J, PART II, COLUMN (C). FOR A FROZEN GROUP OF ELIGIBLE MANAGEMENT EMPLOYEES, THESE NON-QUALIFIED PLAN BENEFITS ARE VESTED ONE YEAR AFTER SEPARATION FROM SERVICE FROM EEI PROVIDED THE EMPLOYEE SEPARATES ON OR AFTER ATTAINING AGE 55 AND COMPLETING FIVE OR MORE YEARS OF SERVICE OR ATTAINING AGE 65 AND SATISFYING THE RESTRICTIVE COVENANTS OF A CONFIDENTIAL INFORMATION, NON-COMPETITION AND NON-SOLICITATION AGREEMENT. FOR A SECOND GROUP OF ELIGIBLE MANAGEMENT EMPLOYEES, THE NON-QUALIFIED PLAN BENEFITS ARE VESTED ON THE ELIGIBLE EMPLOYEE'S RETIREMENT DATE WHICH OCCURS ON OR AFTER ATTAINING THE AGE OF 55 AND COMPLETING FIVE OR MORE YEARS OF SERVICE OR ATTAINING THE AGE OF 65. EMILY FISHER $100,050 JOHN SCHLENKER $218,839 BRIAN WOLFF $621,155 LISA WOOD $176,477 STEPHANIE VOYDA $24,440

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

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
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349320744

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