Interstate Renewable Energy Council

Tax-deductible

Albany, NY501(c)(3)Since 1982EIN 59-2201374

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Interstate Renewable enercy Council (irec) builds the foundation for rapid adoption of clean Energy and Energy efficiency to benefit people, the economy and our planet.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
$1.0M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $14K a year · under 1% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.0M
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $2.7M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2M
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
16
of 17 voting members
Looks good: 16 of 17 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$9.2M
+25% vs prior year
Spent
$10.0M
To programs
81%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$9.2M
FY2024▲ +25%
Revenue by fiscal year
FY2020$4.1M
FY2021$5.7M
FY2022$7.1M
FY2023$7.4M
FY2024$9.2M
Expenses
$10.0M
FY2024▲ +32%
Expenses by fiscal year
FY2020$2.6M
FY2021$5.5M
FY2022$7.6M
FY2023$7.6M
FY2024$10.0M
Net assets
$1.8M
FY2024▼ -31%
Net assets by fiscal year
FY2020$3.3M
FY2021$3.5M
FY2022$2.9M
FY2023$2.7M
FY2024$1.8M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1983.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $8.1M Management & general 15% · $1.5M Fundraising 4% · $397K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

23 people listed on the 990; $1.0M paid to officers and key staff.

Part VII, Section A · reportable compensation
President Em
$275,876Pt VII · Sec A
$152,426Pt VII · Sec A
Employee
$150,136Pt VII · Sec A
$148,749Pt VII · Sec A
$144,032Pt VII · Sec A
$142,700Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Larry Sherwood$275,876$271,730$258,637$248,425$188,100
Scott Townley$152,426$137,659$132,920——
Brian Lydic$150,136—$127,787$127,894$119,472
Cynthia Finley$148,749————
Kristen Hagerty—$147,840—$107,698—
Radina Valova—$146,543$140,175$138,959—
Toyah Callahan$144,032————
Leslie Graham$142,700$136,298$127,597——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Interstate Renewable Energy Council executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Builds the foundation for rapid clean energy and efficiency adoption.

Provided by the organization

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3 programs · $8.1M · in their own filed words · FY2024
01

Workforce Development

Irec supports the growth of a highly-trained & inclusive workforce to enable the rapid expansion of clean energy industries.

$3.3Mprogram expense
02

Local Initiatives

Irec helps local governments and organizations bring clean energy to constituents by providing targeted technical assistance on deployment strategies including siting, permitting, community benefits agreements, and other issues.

$2.9Mprogram expense
03

Regulatory Engagement

Irec advances policies that enable efficient & equitable deployment of distributed energy resources, such as rooftop solar and energy storage. We hold a unique position as an independent public interest org with the engineering and legal expertise to evaluate and improve policies that determine how clean energy projects can connect to…

$1.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$9.2M
Ln 12
Gifts and grantsLn 1h$6.3M
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$29K
Money outPt IX
$10.0M
Ln 25
Programscol B$8.1M
Managementcol C$1.5M
Fundraisingcol D$397K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.2M
PeoplePt VI, VII
23
listed · VII A
PaidVII A6
Voting boardVI 1a17
IndependentVI 1b16
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$6.3M
Government grantsLn 1e$4.2M
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$29K
Total revenueLn 12$9.2M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
Land, buildings, equipmentLn 10c$165K
Total assetsLn 16$3.0M
LiabilitiesLn 26$1.2M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 531
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.6M$1.7M
Land, buildings, equipmentLn 10c$361K$165K
Total assetsLn 16$3.4M$3.0M
LiabilitiesLn 26$752K$1.2M
Net assetsLn 32$2.7M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$3.5M$2.4M$873K$250K
Pension plan contributionsLn 8$215K$146K$54K$15K
Other employee benefitsLn 9$783K$452K$287K$45K
Payroll taxesLn 10$308K$209K$77K$22K
Management feesLn 11a$2.1M$2.1M
Accounting feesLn 11c$35K$24K$9K$3K
Office expensesLn 13$2K$1K$485$583
Information technologyLn 14$49K$33K$12K$4K
OccupancyLn 16$36K$25K$9K$3K
TravelLn 17$236K$236K$8$2
Conferences, conventions and meetingsLn 19$98K$66K$23K$8K
Depreciation, depletion and amortizationLn 22$196K$133K$49K$14K
InsuranceLn 23$19K$13K$5K$1K
Other expenses (24a–d)Ln 24$2.2M$2.1M$75K$22K
All other expensesLn 24e$278K$238K$31K$9K
Total functional expensesLn 25$10.0M$8.1M$1.5M$397K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $9.2M$10.0M−$819K$1.8M 990 PDF
FY2023 $7.4M$7.6M−$229K$2.7M 990 PDF
FY2022 $7.1M$7.6M−$580K$2.9M 990 PDF
FY2021 $5.7M$5.5M$207K$3.5M 990 PDF
FY2020 $4.1M$2.6M$1.5M$3.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (5 parts)
Part I · Summary $9,201,162 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $5,992,497$6,292,461
I-9 Program service revenuePrior year $1,363,438$2,892,709
I-10 Investment incomePrior year $30,079$29,459
I-11 Other revenuePrior year −$13,794−$13,467
I-12 Total revenuePrior year $7,372,220$9,201,162
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,892,757$4,795,515
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $3,708,161$5,224,370
I-18 Total expensesPrior year $7,600,918$10,019,885
I-19 Revenue less expensesPrior year −$228,698−$818,723
Part VIII · Statement of revenue $9,201,162 across 7 lines filed
Lines not itemized here account for −$20,000 of total revenue; see the IRS return.
VIII-1e Government grants$4,208,474
VIII-1f All other contributions, gifts and grants$2,083,987
VIII-1h Total contributions, gifts and grants$6,292,461
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,807,609 · Unrelated business $85,100$2,892,709
VIII-3 Investment incomeExcluded from tax $29,459$29,459
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $6,533$6,533
VIII-12 Total revenueRelated to mission $2,794,142 · Unrelated business $85,100 · Excluded from tax $29,459$9,201,162
Part IX · Statement of functional expenses $10,019,885 across 15 lines filed
IX-7 Other salaries and wagesPrograms $2,365,978 · Management $872,981 · Fundraising $250,073$3,489,032
IX-8 Pension plan contributionsPrograms $145,831 · Management $53,808 · Fundraising $15,420$215,059
IX-9 Other employee benefitsPrograms $451,629 · Management $287,143 · Fundraising $44,689$783,461
IX-10 Payroll taxesPrograms $208,830 · Management $77,052 · Fundraising $22,081$307,963
IX-11a Management feesPrograms $2,081,133$2,081,133
IX-11c Accounting feesPrograms $23,774 · Management $8,772 · Fundraising $2,514$35,060
IX-13 Office expensesPrograms $1,315 · Management $485 · Fundraising $583$2,383
IX-14 Information technologyPrograms $33,491 · Management $12,357 · Fundraising $3,540$49,388
IX-16 OccupancyPrograms $24,536 · Management $9,053 · Fundraising $2,593$36,182
IX-17 TravelPrograms $236,116 · Management $8 · Fundraising $2$236,126
IX-19 Conferences, conventions and meetingsPrograms $65,647 · Management $23,400 · Fundraising $8,458$97,505
IX-22 Depreciation, depletion and amortizationPrograms $133,166 · Management $49,134 · Fundraising $14,075$196,375
IX-23 InsurancePrograms $13,026 · Management $4,807 · Fundraising $1,377$19,210
IX-24 Other expenses (24a–d)Programs $2,096,237 · Management $74,603 · Fundraising $22,438$2,193,278
IX-24e All other expensesPrograms $238,107 · Management $30,805 · Fundraising $8,818$277,730
IX-25 Total functional expensesPrograms $8,118,816 · Management $1,504,408 · Fundraising $396,661$10,019,885
Part X · Balance sheet $2,996,400 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $1,623,700$1,723,213
X-3 Pledges and grants receivableStart of year $1,330,413$1,039,061
X-4 Accounts receivableStart of year $2,083$4,301
X-9 Prepaid expenses and deferred chargesStart of year $48,082$65,118
X-10c Land, buildings and equipment, netStart of year $361,082$164,707
X-16 Total assetsStart of year $3,410,786$2,996,400
X-17 Accounts payable and accrued expensesStart of year $732,577$768,310
X-19 Deferred revenue$388,000
X-26 Total liabilitiesStart of year $751,973$1,156,310
X-27 Net assets without donor restrictionsStart of year $1,173,311$773,372
X-28 Net assets with donor restrictionsStart of year $1,485,502$1,066,718
X-32 Total net assets or fund balancesStart of year $2,658,813$1,840,090
X-33 Total liabilities and net assetsStart of year $3,410,786$2,996,400
Part XI · Reconciliation of net assets $1,840,090 net assets at year end
XI-1 Total revenue$9,201,162
XI-2 Total expenses$10,019,885
XI-3 Revenue less expenses−$818,723
XI-4 Net assets at start of year$2,658,813
XI-10 Net assets at end of year$1,840,090

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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