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Nonprofiteer
← ELEVATE ENERGY

Form 990 for tax year 2024

Filed by ELEVATE ENERGY.

Totals

Total revenue
$60,915,201
Total expenses
$57,878,205
Contributions and grants received
$49,042,868
Grants paid
$3,277,344
Program service revenue
$11,049,919
Investment income
$798,224
Other revenue
$24,190
Total assets, end of year
$58,343,027
Total liabilities, end of year
$31,794,960
Net assets or fund balances, end of year
$26,548,067
Program services expenses (Part IX)
$47,541,612
Management and general expenses
$8,987,995
Fundraising expenses
$1,348,598
Program service expenses (Part III)
$47,541,612

Program services were 82.1% 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.

  • 1e · Government grants (contributions)

    $13,966,424

  • 1f · All other contributions, gifts and grants

    $35,076,444

  • 2a · Program service revenue: Fee for service

    total $11,049,919 · related or exempt $11,049,919

  • 3 · Investment income

    total $500,746 · excluded $500,746

  • 7a · Gross sales of assets other than inventory

    securities $23,398,258

  • 7b · Less cost or other basis and sales expenses

    securities $23,100,780

  • 7c · Gain or loss

    securities $297,478

  • 7d · Net gain or loss

    total $297,478 · excluded $297,478

  • 11a · Other revenue: Miscellaneous

    total $24,190 · related or exempt $24,190

  • 11e · Other revenue, total

    $24,190

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,277,344 · program services $3,277,344

  • 5 · Compensation of officers, directors and key employees

    total $299,323 · program services $216,809 · management and general $70,389 · fundraising $12,125

  • 6 · Compensation of disqualified persons

    total $190,555 · program services $75,805 · management and general $114,750

  • 7 · Other salaries and wages

    total $23,941,960 · program services $17,404,885 · management and general $5,560,119 · fundraising $976,956

  • 8 · Pension plan contributions

    total $355,413 · program services $257,390 · management and general $83,584 · fundraising $14,439

  • 9 · Other employee benefits

    total $3,173,211 · program services $2,298,039 · management and general $746,258 · fundraising $128,914

  • 10 · Payroll taxes

    total $1,855,699 · program services $1,343,899 · management and general $436,413 · fundraising $75,387

  • 11b · Fees: legal

    total $5,944 · program services $3,000 · management and general $2,944

  • 11c · Fees: accounting

    total $56,133 · management and general $56,133

  • 11d · Fees: lobbying

    total $55,000 · program services $55,000

  • 11f · Fees: investment management

    total $58,770 · management and general $58,770

  • 11g · Fees: other

    total $19,237,263 · program services $18,920,981 · management and general $312,045 · fundraising $4,237

  • 12 · Advertising and promotion

    total $125,569 · program services $73,780 · management and general $49,682 · fundraising $2,107

  • 13 · Office expenses

    total $812,626 · program services $646,637 · management and general $152,406 · fundraising $13,583

  • 14 · Information technology

    total $915,684 · program services $627,371 · management and general $280,874 · fundraising $7,439

  • 16 · Occupancy

    total $730,949 · program services $566,017 · management and general $137,355 · fundraising $27,577

  • 17 · Travel

    total $565,987 · program services $394,673 · management and general $150,256 · fundraising $21,058

  • 20 · Interest

    total $1,288 · management and general $1,288

  • 22 · Depreciation, depletion and amortization

    total $131,827 · program services $105,273 · management and general $21,125 · fundraising $5,429

  • 23 · Insurance

    total $144,322 · program services $106,069 · management and general $32,325 · fundraising $5,928

  • 24a · Other expenses: Dues and subscriptions

    total $1,010,044 · program services $744,001 · management and general $218,182 · fundraising $47,861

  • 24b · Other expenses: Program expense

    total $330,286 · program services $330,286

  • 24c · Other expenses: Bad debt

    total $259,245 · management and general $259,245

  • 24d · Other expenses: Miscellaneous

    total $182,228 · management and general $182,228

  • 24e · All other expenses

    total $161,535 · program services $94,353 · management and general $61,624 · fundraising $5,558

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $701,728 · end of year $12,592,841

  • 2 · Savings and temporary cash investments

    beginning of year $13,336,990 · end of year $19,600,616

  • 3 · Pledges and grants receivable

    beginning of year $10,109,518 · end of year $6,705,350

  • 4 · Accounts receivable

    beginning of year $5,660,351 · end of year $6,713,077

  • 9 · Prepaid expenses and deferred charges

    beginning of year $731,490 · end of year $382,092

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

    $2,239,506

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

    $1,960,915

  • 10c · Land, buildings and equipment, net

    beginning of year $204,377 · end of year $278,591

  • 11 · Investments: publicly traded securities

    beginning of year $8,969,375 · end of year $10,346,239

  • 15 · Other assets

    beginning of year $2,675,645 · end of year $1,724,221

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,439,727 · end of year $6,962,458

  • 19 · Deferred revenue

    beginning of year $312,638 · end of year $6,159,225

  • 25 · Other liabilities

    beginning of year $12,480,726 · end of year $18,673,277

  • 27 · Net assets without donor restrictions

    beginning of year $11,414,123 · end of year $12,671,322

  • 28 · Net assets with donor restrictions

    beginning of year $11,742,260 · end of year $13,876,745

Mission and programs · 2024

Mission

Elevate Energy promotes and expands access to future-focused energy and water solutions. Elevate Energy designs and implements programs that reduce costs, create jobs, and ensure the benefits of efficient energy and water use reach those who need them most.

Activities or mission (Part I)

We work to create access to clean and affordable heat, cooling, power, and water for everyone.

  • Elevate Energy provides economic, future-focused energy and water solutions by improving efficiencies. It administers residential hourly electricity pricing programs, delivers energy and water efficiency retrofits in residential and nonprofit buildings, and provides energy planning and data analysis services. Consumers gain access to education and programs that help them manage energy and water costs and make housing costs more affordable. Elevate Energy programs create jobs, save energy and water, keep communities healthy and improve the economy.

    Expenses $47,541,612 · Grants $3,277,344 · Revenue $11,074,109

As filed on the 2024 return.

Listed in Part VII

  • Anne Evens

    CEO & President

    Total calculated
    $299,323
    From this org
    $265,570
    From related orgs
    $0
    Other
    $33,753
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $240,570
    Bonus
    $25,000
    Other
    $0
    Deferred
    $6,260
    Nontaxable benefits
    $27,493
    Filer's total
    $299,323

  • David Shryock

    Treasurer & Vice Chair

    Total calculated
    $0
    Hours/week
    2

  • John Cleveland

    Chair

    Total calculated
    $0
    Hours/week
    5

  • Chinwe Onyeagoro

    Director

    Total calculated
    $0
    Hours/week
    1

  • Edgar Ramirez

    Director (end 7/12/24)

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Tescher

    Director

    Total calculated
    $0
    Hours/week
    1

  • Kimberly Lewis

    Director

    Total calculated
    $0
    Hours/week
    1

  • Leah Turnbull

    Director

    Total calculated
    $0
    Hours/week
    1

  • Margaret O'Dell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Scott Bernstein

    Director

    Total calculated
    $0
    Hours/week
    1

  • Susan Estes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Denise Fairchild

    Director (end 12/9/24)

    Total calculated
    $0
    Hours/week
    1

  • Robert Weissbourd

    Director

    Total calculated
    $0
    Hours/week
    1

  • Carlos Martin

    Director

    Total calculated
    $0
    Hours/week
    1

  • Abigail Corso

    Chief Strategy Officer

    Total calculated
    $233,938
    From this org
    $211,119
    From related orgs
    $0
    Other
    $22,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,619
    Bonus
    $12,500
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $17,669
    Filer's total
    $233,938

  • Antonia Ornelas

    Chief Program Officer

    Total calculated
    $237,299
    From this org
    $206,315
    From related orgs
    $0
    Other
    $30,984
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $193,815
    Bonus
    $12,500
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $25,834
    Filer's total
    $237,299

  • Delmar Gillus

    Chief Operating Officer

    Total calculated
    $233,913
    From this org
    $201,250
    From related orgs
    $0
    Other
    $32,663
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,750
    Bonus
    $12,500
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $27,513
    Filer's total
    $233,913

  • Lindy Loyet

    Chief Financial Officer

    Total calculated
    $234,314
    From this org
    $211,892
    From related orgs
    $0
    Other
    $22,422
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,392
    Bonus
    $12,500
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $17,272
    Filer's total
    $234,314

  • Rebecca Turner Buckland

    Chief People Officer

    Total calculated
    $233,118
    From this org
    $212,112
    From related orgs
    $0
    Other
    $21,006
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,612
    Bonus
    $12,500
    Other
    $0
    Deferred
    $5,150
    Nontaxable benefits
    $15,856
    Filer's total
    $233,118

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 · 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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
7 October 2025
IRS schema version
2024v5.2
Source object
202522809349302312

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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