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Nonprofiteer
← GEOTHERMAL RESOURCES COUNCIL

Form 990 for tax year 2024

Filed by GEOTHERMAL RESOURCES COUNCIL.

Totals

Total revenue
$4,338,973
Total expenses
$4,255,669
Contributions and grants received
$1,163,634
Grants paid
$23,739
Program service revenue
$2,609,344
Investment income
$548,286
Other revenue
$17,709
Total assets, end of year
$3,458,106
Total liabilities, end of year
$1,222,407
Net assets or fund balances, end of year
$2,235,699
Program services expenses (Part IX)
$3,025,516
Management and general expenses
$1,230,153
Fundraising expenses
$0
Program service expenses (Part III)
$3,025,516

Program services were 71.1% 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.

  • 1f · All other contributions, gifts and grants

    $1,163,634

  • 1g · Noncash contributions included above

    $10,189

  • 2a · Program service revenue: ANNUAL MEETING

    total $1,816,641 · related or exempt $1,284,545 · unrelated business $0 · excluded $532,096

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $526,690 · related or exempt $526,690 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: OTHER EVENTS

    total $266,013 · related or exempt $266,013 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $51,747 · excluded $51,747

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $491 · excluded $491

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $1,361,496

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

    securities $864,957

  • 7c · Gain or loss

    securities $496,539

  • 7d · Net gain or loss

    total $496,539 · excluded $496,539

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $14,802 · related or exempt $14,802 · unrelated business $0 · excluded $0

  • 11b · Other revenue: ADVERISING

    total $2,416 · related or exempt $0 · unrelated business $2,416 · excluded $0

  • 11e · Other revenue, total

    $17,218

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $23,739 · program services $23,739

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $208,016 · program services $156,012 · management and general $52,004

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $748,692 · program services $561,520 · management and general $187,172

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $171,374 · program services $128,531 · management and general $42,843

  • 10 · Payroll taxes

    total $75,573 · program services $56,680 · management and general $18,893

  • 11a · Fees: management

    total $372,403 · program services $312,135 · management and general $60,268

  • 11b · Fees: legal

    total $59,113 · management and general $59,113

  • 11c · Fees: accounting

    total $300,113 · management and general $300,113

  • 11d · Fees: lobbying

    total $0

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $10,395 · management and general $10,395

  • 11g · Fees: other

    total $89,209 · program services $11,899 · management and general $77,310

  • 12 · Advertising and promotion

    total $377,084 · program services $192,787 · management and general $184,297

  • 13 · Office expenses

    total $274,124 · program services $274,124

  • 14 · Information technology

    total $20,295 · management and general $20,295

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $1,482,256 · program services $1,308,089 · management and general $174,167

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $2,403 · management and general $2,403

  • 23 · Insurance

    total $10,711 · management and general $10,711

  • 24a · Other expenses: EDUCATION EXPENSES

    total $11,536 · management and general $11,536

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $9,584 · management and general $9,584

  • 24c · Other expenses: OTHER EXPENSES

    total $9,049 · management and general $9,049

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $391,487 · end of year $1,388,748

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $220,192

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $0 · end of year $78,386

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $26,766

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

    $27,042

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

    $21,309

  • 10c · Land, buildings and equipment, net

    beginning of year $2,428 · end of year $5,733

  • 11 · Investments: publicly traded securities

    beginning of year $2,215,354 · end of year $1,738,281

  • 12 · Investments: other securities

    beginning of year $0 · end of year $0

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $994,374

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $228,033

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $2,609,269 · end of year $2,235,699

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

TO CONNECT THE GEOTHERMAL COMMUNITY AND CHAMPION GEOTHERMAL ENERGY IN THE UNITED STATES AND AROUND THE WORLD.

  • ANNUAL MEETING - PROVIDES AN INTERNATIONAL FORUM WHERE MEMBERS, PARTICIPANTS AND GUESTS LEARN ABOUT THE LATEST ADVANCES IN GEOTHERMAL TECHNOLOGIES THROUGH TECHNICAL AND POSTER SESSIONS.

    Expenses $2,439,354 · Revenue $1,816,641

  • EDUCATIONAL COURSES, CONTRACTS AND PUBLICATIONS - VARIOUS COURSES AND PROJECTS PERTAINING TO GEOTHERMAL ENERGY, INCLUDING A GEOTHERMAL VIDEO, ON-LINE LIBRARY, INT'L EDUCATION AND VARIOUS EDUCATIONAL WORKSHOPS.

    Expenses $586,162 · Grants $23,739 · Revenue $275,409

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

Listed in Part VII

  • Bryant Jones

    EXECUTIVE DIRECTOR

    Total calculated
    $208,016
    From this org
    $178,637
    From related orgs
    $0
    Other
    $29,379
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,637
    Bonus
    $0
    Other
    $0
    Deferred
    $9,495
    Nontaxable benefits
    $19,884
    Filer's total
    $208,016
  • Kerry Fellers

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $166,542
    From this org
    $148,272
    From related orgs
    $0
    Other
    $18,270
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,272
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $148,272
  • Anine Pedersen

    DIR OF SCIENCE & EXT. AFFAIRS

    Total calculated
    $162,006
    From this org
    $146,008
    From related orgs
    $0
    Other
    $15,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,008
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $146,008
  • Jericho Reyes

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Jay Egg

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Nick Goodman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sarah Jewett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Elisabeth De Jong

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Rita Okoroafor

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kennie Tsui

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jaclyn Urbank

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jeanine Vany

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Leland Davis

    BOARD MEMBER (EFF 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Cindy Demichel

    BOARD MEMBER (EFF 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Monte Morrison

    BOARD MEMBER (EFF 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Pooja Sheevam

    BOARD MEMBER (EFF 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Robin Zuza

    BOARD MEMBER (EFF 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Kelly Blake

    PRESIDENT (THRU 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Mark Gran

    BOARD MEMBER (THRU 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Nicole Lautze

    BOARD MEMBER (THRU 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Laura Mora

    BOARD MEMBER (THRU 02/2024)

    Total calculated
    $0
    Hours/week
    1
  • Anu Choudhary

    BOARD MEMBER (THRU 02/2024)

    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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 November 2025
IRS schema version
2024v5.2
Source object
202513189349311916

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