Interstate Renewable Energy Council: FY2023 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%

13%

Program services 81% · $6.2M Management & general 13% · $1.0M Fundraising 5% · $403K

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

22 people listed on the 990; $975K paid to officers and key staff.

Part VII, Section A · reportable compensation

Larry Sherwood

President /

$271,730Pt VII · Sec A

Kristen Hagerty

Employee

$147,840Pt VII · Sec A

Radina Valova

Employee

$146,543Pt VII · Sec A

Scott Townley

Employee

$137,659Pt VII · Sec A

Leslie Graham

Employee

$136,298Pt VII · Sec A

Gwen Brown

Employee

$135,137Pt VII · Sec A

Katie McCormack

Board Member

$0Pt VII · Sec A

Dan Reicher

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 · $6.2M · in their own filed words · FY2023

01

Workforce Dev

Irec supports the growth of a highly-trained & inclusive workforce to enable the rapid expansion of clean energy industries. In 2023, irec published the 13TH annual national solar jobscensus; concluded a project that trained 75,000 building safety and code officials from 2021- 24; led the 600+ member national clean energy workforce…

$2.6Mprogram expense

02

Local Initiatives

Irec helps local govts and orgs bring clean energy to constituents. The solsmart program provides free assistance & recognizes communities for solar best practices (117m americans live in solsmart- designated communities, which see 17% more installations).

$2.0Mprogram 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…

$1.6Mprogram 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 FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$7.4M

Ln 12

Gifts and grantsLn 1h$6.0M

Fees for servicesLn 2g$1.4M

Investment incomeLn 3$30K

Money outPt IX

$7.6M

Ln 25

Programscol B$6.2M

Managementcol C$1.0M

Fundraisingcol D$403K

Owns and owesPt X

$2.7M

net assets · Ln 32

Cash and savingsLn 1–2$1.6M

Total assetsLn 16$3.4M

LiabilitiesLn 26$752K

PeoplePt VI, VII

22

listed · VII A

PaidVII A6

Voting boardVI 1a16

IndependentVI 1b16

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$6.0M

Government grantsLn 1e$3.9M

Fees for servicesLn 2g$1.4M

Investment incomeLn 3$30K

Gains on assetsLn 7$22K

Total revenueLn 12$7.4M

Assets in detailPt X, end of year

CashLn 1$1.6M

Cash and savings togetherLn 1–2$1.6M

Land, buildings, equipmentLn 10c$361K

Other assetsLn 15$25K

Total assetsLn 16$3.4M

LiabilitiesLn 26$752K

Net assetsLn 32$2.7M

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 FY23	End FY23
Cash and savingsLn 1–2	$2.0M	$1.6M
Land, buildings, equipmentLn 10c	$613K	$361K
Total assetsLn 16	$3.8M	$3.4M
LiabilitiesLn 26	$954K	$752K
Net assetsLn 32	$2.9M	$2.7M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$2.9M	$2.0M	$611K	$252K
Pension plan contributionsLn 8	$193K	$128K	$49K	$16K
Other employee benefitsLn 9	$574K	$380K	$146K	$47K
Payroll taxesLn 10	$240K	$159K	$61K	$20K
Management feesLn 11a	$1.4M	$1.4M
Legal feesLn 11b	$756	$530	$160	$66
Accounting feesLn 11c	$30K	$21K	$6K	$3K
Office expensesLn 13	$2K	$1K	$436	$435
Information technologyLn 14	$29K	$20K	$6K	$3K
OccupancyLn 16	$95K	$67K	$20K	$8K
TravelLn 17	$178K	$178K
Conferences, conventions and meetingsLn 19	$75K	$52K	$16K	$7K
Depreciation, depletion and amortizationLn 22	$252K	$176K	$53K	$22K
InsuranceLn 23	$39K	$27K	$8K	$3K
Other expenses (24a–d)Ln 24	$1.5M	$1.4M	$32K	$17K
All other expensesLn 24e	$145K	$130K	$10K	$4K
Total functional expensesLn 25	$7.6M	$6.2M	$1.0M	$403K

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 Viewing	$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 R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $7,372,220 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $6,201,607$5,992,497

I-9 Program service revenuePrior year $865,676$1,363,438

I-10 Investment incomePrior year −$3,919$30,079

I-11 Other revenue−$13,794

I-12 Total revenuePrior year $7,063,364$7,372,220

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefitsPrior year $3,358,563$3,892,757

I-16a Professional fundraising fees$0

I-17 Other expensesPrior year $4,284,842$3,708,161

I-18 Total expensesPrior year $7,643,405$7,600,918

I-19 Revenue less expensesPrior year −$580,041−$228,698

Part VI · Governance 16 of 16 board members independent, no flags

VI-1a Voting members of the governing body16

VI-1b Independent voting members16

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 $7,372,220 across 8 lines filed

Lines not itemized here account for −$22,720 of total revenue; see the IRS return.

VIII-1e Government grants$3,871,433

VIII-1f All other contributions, gifts and grants$2,121,064

VIII-1h Total contributions, gifts and grants$5,992,497

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,217,652 · Unrelated business $145,786$1,363,438

VIII-3 Investment incomeExcluded from tax $7,649$7,649

VIII-7 Net gain or loss on sales of assetsRelated to mission $22,430$22,430

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $8,926$8,926

VIII-12 Total revenueRelated to mission $1,226,288 · Unrelated business $145,786 · Excluded from tax $7,649$7,372,220

Part IX · Statement of functional expenses $7,600,918 across 16 lines filed

IX-7 Other salaries and wagesPrograms $2,022,953 · Management $610,877 · Fundraising $251,850$2,885,680

IX-8 Pension plan contributionsPrograms $128,158 · Management $49,275 · Fundraising $15,955$193,388

IX-9 Other employee benefitsPrograms $380,226 · Management $146,192 · Fundraising $47,335$573,753

IX-10 Payroll taxesPrograms $159,005 · Management $61,136 · Fundraising $19,795$239,936

IX-11a Management feesPrograms $1,369,872$1,369,872

IX-11b Legal feesPrograms $530 · Management $160 · Fundraising $66$756

IX-11c Accounting feesPrograms $21,114 · Management $6,376 · Fundraising $2,629$30,119

IX-13 Office expensesPrograms $1,443 · Management $436 · Fundraising $435$2,314

IX-14 Information technologyPrograms $20,213 · Management $6,104 · Fundraising $2,516$28,833

IX-16 OccupancyPrograms $66,920 · Management $20,208 · Fundraising $8,331$95,459

IX-17 TravelPrograms $177,696$177,696

IX-19 Conferences, conventions and meetingsPrograms $52,200 · Management $15,751 · Fundraising $6,683$74,634

IX-22 Depreciation, depletion and amortizationPrograms $176,360 · Management $53,255 · Fundraising $21,956$251,571

IX-23 InsurancePrograms $27,121 · Management $8,190 · Fundraising $3,376$38,687

IX-24 Other expenses (24a–d)Programs $1,443,780 · Management $32,434 · Fundraising $17,371$1,493,585

IX-24e All other expensesPrograms $130,199 · Management $10,190 · Fundraising $4,246$144,635

IX-25 Total functional expensesPrograms $6,177,790 · Management $1,020,584 · Fundraising $402,544$7,600,918

Part X · Balance sheet $3,410,786 assets, 15 lines filed

X-1 Cash, non-interest-bearingStart of year $2,042,732$1,623,700

X-3 Pledges and grants receivableStart of year $843,897$1,330,413

X-4 Accounts receivableStart of year $15,311$2,083

X-8 Inventories for sale or useStart of year $42,720$20,000

X-9 Prepaid expenses and deferred chargesStart of year $56,518$48,082

X-10c Land, buildings and equipment, netStart of year $612,654$361,082

X-15 Other assetsStart of year $227,293$25,426

X-16 Total assetsStart of year $3,841,125$3,410,786

X-17 Accounts payable and accrued expensesStart of year $708,788$732,577

X-25 Other liabilitiesStart of year $244,826$19,396

X-26 Total liabilitiesStart of year $953,614$751,973

X-27 Net assets without donor restrictionsStart of year $1,219,813$1,173,311

X-28 Net assets with donor restrictionsStart of year $1,667,698$1,485,502

X-32 Total net assets or fund balancesStart of year $2,887,511$2,658,813

X-33 Total liabilities and net assetsStart of year $3,841,125$3,410,786

Part XI · Reconciliation of net assets $2,658,813 net assets at year end

XI-1 Total revenue$7,372,220

XI-2 Total expenses$7,600,918

XI-3 Revenue less expenses−$228,698

XI-4 Net assets at start of year$2,887,511

XI-10 Net assets at end of year$2,658,813

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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Interstate Renewable Energy Council FY2023 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

Workforce Dev

Local Initiatives

Regulatory Engagement

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV