Interstate Renewable Energy Council FY2020 filing

Tax-deductible

Albany, NY501(c)(3)Since 1982EIN 59-2201374Revenue $4.1M in FY2020

On file with the IRSirecusa.org125 Wolf Rd Ste 100, 12205-1227 · Albany, NYTax-exempt since Feb 1983Publicly supported — 509(a)(2)

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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.
75¢ of each $1 spent went to programs.
$408K 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

FY2020 · 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
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$408K
to officers and key staff · 16% of spending
Fine: pay to officers and key staff is 16% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.0 months of spending in cash; 3 or more.
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
$494K
13% of total assets
Looks good: liabilities are 13% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.1M
Spent
$2.6M
To programs
75%
Net assets
$3.3M
By yearFY2020–FY2024
Revenue
$4.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$4.1M
FY2021$5.7M
FY2022$7.1M
FY2023$7.4M
FY2024$9.2M
Expenses
$2.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$2.6M
FY2021$5.5M
FY2022$7.6M
FY2023$7.6M
FY2024$10.0M
Net assets
$3.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$3.3M
FY2021$3.5M
FY2022$2.9M
FY2023$2.7M
FY2024$1.8M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

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

75 cents of each dollar spent went to programs.

Program services 75% · $1.9M Management & general 20% · $533K Fundraising 5% · $123K

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

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Who runs it and what they're paid

16 people listed on the 990; $408K paid to officers and key staff.

Part VII, Section A · reportable compensation
President /
$188,100Pt VII · Sec A
Employee
$119,472Pt VII · Sec A
$100,608Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt 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.

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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 15aNo

Programs and updates

Builds the foundation for rapid clean energy and efficiency adoption.

Questions for Interstate Renewable Energy Council

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Provided by the organization

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2 programs · $1.9M · in their own filed words · FY2020
01

Increase adoption of policies and regulatory reforms that increase access to and streamline grid integration of distributed energy resources in order to optimize their widespread benefits.

$1.1Mprogram expense
02

Deploy quality assurance programs and deploy training to ensure that clean energy workers demonstrate the skills necessary to support industry credibility and growth. Inform consumers about their clean-energy decision-making and investments. Conduct other programs in support of irec's mission.

$815Kprogram 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 FY2020 990, line by line.

1The main four
Money inPt VIII
$4.1M
Ln 12
Gifts and grantsLn 1h$4.0M
Fees for servicesLn 2g$75K
Investment incomeLn 3$11K
Money outPt IX
$2.6M
Ln 25
Programscol B$1.9M
Managementcol C$533K
Fundraisingcol D$123K
Owns and owesPt X
$3.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$3.8M
LiabilitiesLn 26$494K
PeoplePt VI, VII
16
listed · VII A
PaidVII A3
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.0M
Government grantsLn 1e$840K
Noncash giftsLn 1g$1.7M
Fees for servicesLn 2g$75K
Investment incomeLn 3$11K
Gains on assetsLn 7$335
Total revenueLn 12$4.1M
Assets in detailPt X, end of year
CashLn 1$1.2M
SavingsLn 2$554K
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$85K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$3.8M
LiabilitiesLn 26$494K
Net assetsLn 32$3.3M
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 FY20End FY20
Cash and savingsLn 1–2$1.8M$1.7M
InvestmentsLn 11–13$86K$85K
Land, buildings, equipmentLn 10c$1.6M
Total assetsLn 16$2.1M$3.8M
LiabilitiesLn 26$301K$494K
Net assetsLn 32$1.8M$3.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$188K$38K$138K$13K
Other salaries and wagesLn 7$785K$628K$94K$62K
Payroll taxesLn 10$250K$171K$58K$20K
Management feesLn 11a$825K$740K$59K$25K
Legal feesLn 11b$34K$34K
Accounting feesLn 11c$36K$36K
Office expensesLn 13$1K$1K
OccupancyLn 16$16K$16K
TravelLn 17$26K$20K$6K
Conferences, conventions and meetingsLn 19$30K$27K$3K
Depreciation, depletion and amortizationLn 22$86K$86K
InsuranceLn 23$8K$396$8K
Other expenses (24a–d)Ln 24$258K$204K$50K$3K
All other expensesLn 24e$65K$36K$29K$84
Total functional expensesLn 25$2.6M$1.9M$533K$123K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $4,093,970 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $3,365,266$4,007,879
I-9 Program service revenuePrior year $79,755$74,964
I-10 Investment incomePrior year $16,691$11,127
I-11 Other revenue$0
I-12 Total revenuePrior year $3,461,712$4,093,970
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $1,009,303$1,222,427
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,686,836$1,383,435
I-18 Total expensesPrior year $2,696,139$2,605,862
I-19 Revenue less expensesPrior year $765,573$1,488,108
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $4,093,970 across 8 lines filed
VIII-1e Government grants$839,780
VIII-1f All other contributions, gifts and grants$3,168,099
VIII-1g Noncash contributions (included above)$1,720,000
VIII-1h Total contributions, gifts and grants$4,007,879
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $64,890 · Unrelated business $10,074$74,964
VIII-3 Investment incomeExcluded from tax $10,792$10,792
VIII-7 Net gain or loss on sales of assetsExcluded from tax $335$335
VIII-12 Total revenueRelated to mission $64,890 · Unrelated business $10,074 · Excluded from tax $11,127$4,093,970
Part IX · Statement of functional expenses $2,605,862 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $37,770 · Management $137,745 · Fundraising $12,585$188,100
IX-7 Other salaries and wagesPrograms $627,928 · Management $94,435 · Fundraising $62,230$784,593
IX-10 Payroll taxesPrograms $170,913 · Management $58,400 · Fundraising $20,421$249,734
IX-11a Management feesPrograms $740,266 · Management $59,116 · Fundraising $25,312$824,694
IX-11b Legal feesManagement $33,896$33,896
IX-11c Accounting feesManagement $36,413$36,413
IX-13 Office expensesManagement $1,201$1,201
IX-16 OccupancyManagement $15,550$15,550
IX-17 TravelPrograms $20,054 · Management $5,678$25,732
IX-19 Conferences, conventions and meetingsPrograms $26,822 · Management $2,762$29,584
IX-22 Depreciation, depletion and amortizationPrograms $86,000$86,000
IX-23 InsurancePrograms $396 · Management $7,725$8,121
IX-24 Other expenses (24a–d)Programs $204,198 · Management $50,486 · Fundraising $2,824$257,508
IX-24e All other expensesPrograms $35,554 · Management $29,098 · Fundraising $84$64,736
IX-25 Total functional expensesPrograms $1,949,901 · Management $532,505 · Fundraising $123,456$2,605,862
Part X · Balance sheet $3,755,320 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $1,431,531$1,186,346
X-2 Savings and temporary cash investmentsStart of year $405,071$553,844
X-3 Pledges and grants receivableStart of year $140,703$275,676
X-9 Prepaid expenses and deferred chargesStart of year $6,429$20,767
X-10c Land, buildings and equipment, net$1,634,000
X-11 Publicly traded securitiesStart of year $86,348$84,687
X-16 Total assetsStart of year $2,070,082$3,755,320
X-17 Accounts payable and accrued expensesStart of year $292,143$305,314
X-19 Deferred revenueStart of year $9,000$14,000
X-24 Unsecured notes and loans payable$174,375
X-26 Total liabilitiesStart of year $301,143$493,689
X-27 Net assets without donor restrictionsStart of year $509,966$1,918,426
X-28 Net assets with donor restrictionsStart of year $1,258,973$1,343,205
X-32 Total net assets or fund balancesStart of year $1,768,939$3,261,631
X-33 Total liabilities and net assetsStart of year $2,070,082$3,755,320
Part XI · Reconciliation of net assets $3,261,631 net assets at year end
XI-1 Total revenue$4,093,970
XI-2 Total expenses$2,605,862
XI-3 Revenue less expenses$1,488,108
XI-4 Net assets at start of year$1,768,939
XI-5 Net unrealized gains (losses) on investments$4,584
XI-10 Net assets at end of year$3,261,631

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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