Interstate Renewable Energy Council: FY2021 Nonprofit Profile & Form 990 (EIN 59-2201374)

Revenue by fiscal year
FY2020	$4.1M
FY2021	$5.7M
FY2022	$7.1M
FY2023	$7.4M
FY2024	$9.2M

Expenses by fiscal year
FY2020	$2.6M
FY2021	$5.5M
FY2022	$7.6M
FY2023	$7.6M
FY2024	$10.0M

Net assets by fiscal year
FY2020	$3.3M
FY2021	$3.5M
FY2022	$2.9M
FY2023	$2.7M
FY2024	$1.8M

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.

81%

14%

Program services 81% · $4.4M Management & general 14% · $795K Fundraising 5% · $249K

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

20 people listed on the 990; $843K paid to officers and key staff.

Part VII, Section A · reportable compensation

Larry Sherwood

President /

$248,425Pt VII · Sec A

Radina Valova

Employee

$138,959Pt VII · Sec A

Brian Lydic

Employee

$127,894Pt VII · Sec A

Laure-Jeanne Davignon

Employee

$111,994Pt VII · Sec A

Gwendolyn Brown

Employee

$107,760Pt VII · Sec A

Kristen Hagerty

Employee

$107,698Pt VII · Sec A

Lorraine Akiba

Board Member

$0Pt VII · Sec A

Trenton Allen

Board Member

$0Pt VII · Sec A

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

Name	FY2024	FY2023	FY2022	FY2021	FY2020
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 15aYes

Programs and updates

Builds the foundation for rapid clean energy and efficiency adoption.

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Provided by the organization

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3 programs · $4.4M · in their own filed words · FY2021

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.

$1.9Mprogram 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.

$1.5Mprogram expense

03

Irec helps cities, counties and towns use policy tools and resources to drive the growth of clean energy, address climate change, and create new jobs.

$1.1Mprogram 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

Sergey Brin Family FoundationFY2024$1.2M

Donor Advised Charitable Giving INCFY2024$989K

United States Energy FoundationFY2024$350K

The McKnight FoundationFY2024$75K

International City County Management AssociationFY2024$33K

The Urban InstituteFY2024$12K

Paypal Charitable Giving FundFY2024$7K

Insurance Management Associates FoundationFY2024$40

Total grants receivedfrom 8 funders$2.7M

See all 8 funders →

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$5.7M

Ln 12

Gifts and grantsLn 1h$5.4M

Fees for servicesLn 2g$259K

Investment incomeLn 3$6K

Money outPt IX

$5.5M

Ln 25

Programscol B$4.4M

Managementcol C$795K

Fundraisingcol D$249K

Owns and owesPt X

$3.5M

net assets · Ln 32

Cash and savingsLn 1–2$1.4M

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.1M

PeoplePt VI, VII

20

listed · VII A

PaidVII A6

Voting boardVI 1a14

IndependentVI 1b14

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$5.4M

Government grantsLn 1e$2.4M

Fees for servicesLn 2g$259K

Investment incomeLn 3$6K

Gains on assetsLn 7$4K

Total revenueLn 12$5.7M

Assets in detailPt X, end of year

CashLn 1$1.4M

Cash and savings togetherLn 1–2$1.4M

InvestmentsLn 11–13$85K

Land, buildings, equipmentLn 10c$1.0M

Other assetsLn 15$290K

Total assetsLn 16$4.6M

LiabilitiesLn 26$1.1M

Net assetsLn 32$3.5M

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$1.2M	$1.4M
InvestmentsLn 11–13	$85K	$85K
Land, buildings, equipmentLn 10c	$1.6M	$1.0M
Total assetsLn 16	$3.8M	$4.6M
LiabilitiesLn 26	$494K	$1.1M
Net assetsLn 32	$3.3M	$3.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$248K	$173K	$57K	$19K
Other salaries and wagesLn 7	$1.5M	$1.1M	$347K	$115K
Pension plan contributionsLn 8	$90K	$63K	$21K	$7K
Other employee benefitsLn 9	$306K	$213K	$70K	$23K
Payroll taxesLn 10	$139K	$96K	$32K	$11K
Management feesLn 11a	$1.3M	$1.3M	$52K
Legal feesLn 11b	$9K	$6K	$2K	$689
Accounting feesLn 11c	$26K	$18K	$6K	$2K
Office expensesLn 13	$1K	$868	$221	$396
Information technologyLn 14	$5K	$4K	$1K	$384
OccupancyLn 16	$51K	$35K	$12K	$4K
TravelLn 17	$9K	$9K	$78	$26
Conferences, conventions and meetingsLn 19	$3K	$2K	$726	$291
Depreciation, depletion and amortizationLn 22	$662K	$461K	$151K	$50K
InsuranceLn 23	$36K	$25K	$8K	$3K
Other expenses (24a–d)Ln 24	$971K	$936K	$25K	$10K
All other expensesLn 24e	$81K	$66K	$11K	$4K
Total functional expensesLn 25	$5.5M	$4.4M	$795K	$249K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
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 Viewing	$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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2021 990 (6 parts)

Part I · Summary $5,688,998 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $4,007,879$5,424,068

I-9 Program service revenuePrior year $74,964$258,840

I-10 Investment incomePrior year $11,127$6,090

I-11 Other revenue$0

I-12 Total revenuePrior year $4,093,970$5,688,998

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $1,222,427$2,304,417

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $1,383,435$3,177,502

I-18 Total expensesPrior year $2,605,862$5,481,919

I-19 Revenue less expensesPrior year $1,488,108$207,079

Part VI · Governance 14 of 14 board members independent, no flags

VI-1a Voting members of the governing body14

VI-1b Independent voting members14

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

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $5,688,998 across 7 lines filed

VIII-1e Government grants$2,401,076

VIII-1f All other contributions, gifts and grants$3,022,992

VIII-1h Total contributions, gifts and grants$5,424,068

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $85,344 · Unrelated business $173,496$258,840

VIII-3 Investment incomeExcluded from tax $2,325$2,325

VIII-7 Net gain or loss on sales of assetsRelated to mission $2,865 · Excluded from tax $900$3,765

VIII-12 Total revenueRelated to mission $88,209 · Unrelated business $173,496 · Excluded from tax $3,225$5,688,998

Part IX · Statement of functional expenses $5,481,919 across 17 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $172,506 · Management $57,113 · Fundraising $18,806$248,425

IX-7 Other salaries and wagesPrograms $1,059,278 · Management $346,530 · Fundraising $115,393$1,521,201

IX-8 Pension plan contributionsPrograms $62,899 · Management $20,611 · Fundraising $6,854$90,364

IX-9 Other employee benefitsPrograms $212,870 · Management $69,756 · Fundraising $23,190$305,816

IX-10 Payroll taxesPrograms $96,483 · Management $31,616 · Fundraising $10,512$138,611

IX-11a Management feesPrograms $1,271,355 · Management $51,905$1,323,260

IX-11b Legal feesPrograms $6,322 · Management $2,072 · Fundraising $689$9,083

IX-11c Accounting feesPrograms $18,261 · Management $5,985 · Fundraising $1,989$26,235

IX-13 Office expensesPrograms $868 · Management $221 · Fundraising $396$1,485

IX-14 Information technologyPrograms $3,527 · Management $1,156 · Fundraising $384$5,067

IX-16 OccupancyPrograms $35,284 · Management $11,562 · Fundraising $3,844$50,690

IX-17 TravelPrograms $8,795 · Management $78 · Fundraising $26$8,899

IX-19 Conferences, conventions and meetingsPrograms $2,216 · Management $726 · Fundraising $291$3,233

IX-22 Depreciation, depletion and amortizationPrograms $460,617 · Management $150,938 · Fundraising $50,183$661,738

IX-23 InsurancePrograms $25,008 · Management $8,195 · Fundraising $2,724$35,927

IX-24 Other expenses (24a–d)Programs $935,671 · Management $25,066 · Fundraising $10,126$970,863

IX-24e All other expensesPrograms $65,861 · Management $11,312 · Fundraising $3,849$81,022

IX-25 Total functional expensesPrograms $4,437,821 · Management $794,842 · Fundraising $249,256$5,481,919

Part X · Balance sheet $4,611,580 assets, 16 lines filed

X-1 Cash, non-interest-bearingStart of year $1,186,346$1,439,387

X-3 Pledges and grants receivableStart of year $275,676$1,623,021

X-4 Accounts receivable$29,998

X-8 Inventories for sale or use$87,600

X-9 Prepaid expenses and deferred chargesStart of year $20,767$35,816

X-10c Land, buildings and equipment, netStart of year $1,634,000$1,021,089

X-11 Publicly traded securitiesStart of year $84,687$84,876

X-15 Other assets$289,793

X-16 Total assetsStart of year $3,755,320$4,611,580

X-17 Accounts payable and accrued expensesStart of year $305,314$835,883

X-25 Other liabilities$308,145

X-26 Total liabilitiesStart of year $493,689$1,144,028

X-27 Net assets without donor restrictionsStart of year $1,918,426$1,619,874

X-28 Net assets with donor restrictionsStart of year $1,343,205$1,847,678

X-32 Total net assets or fund balancesStart of year $3,261,631$3,467,552

X-33 Total liabilities and net assetsStart of year $3,755,320$4,611,580

Part XI · Reconciliation of net assets $3,467,552 net assets at year end

XI-1 Total revenue$5,688,998

XI-2 Total expenses$5,481,919

XI-3 Revenue less expenses$207,079

XI-4 Net assets at start of year$3,261,631

XI-5 Net unrealized gains (losses) on investments−$1,158

XI-10 Net assets at end of year$3,467,552

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Interstate Renewable Energy Council FY2021 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

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

Questions the 990 asks

Programs and updates

Questions for Interstate Renewable Energy Council

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV