National Wind Technology Consortium FY2020 filing

Tax-deductible

Albany, NY501(c)(3)Since 2018EnvironmentEIN 82-4740333Revenue $1.1M in FY2020

On file with the IRSnationaloffshorewind.org22 Corporate Woods, 12211-2374 · Albany, NYTax-exempt since Dec 2019Publicly supported — 509(a)(2)

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The Consortium is a nationally focused organization supporting scientific research in the public interest, collaborting on prioritized activities to reduce the cost of energy of offshore Wind in the US for the public.

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
$467K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
5 of 5
filings with a surplus
Average surplus $250K a year · 5% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$467K
to officers and key staff · 43% of spending
Concern: pay to officers and key staff is 43% of spending; over 30%.
Pt VII · Sec A
Cash reserves
14 mo
of spending, in cash
Looks good: 14.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.1M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
23
of 24 voting members
Looks good: 23 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
Spent
$1.1M
To programs
85%
Net assets
$289K
By yearFY2020–FY2024
Revenue
$1.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$2.5M
FY2022$6.9M
FY2023$7.2M
FY2024$7.3M
Expenses
$1.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.1M
FY2021$2.3M
FY2022$6.5M
FY2023$6.8M
FY2024$7.1M
Net assets
$289K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$289K
FY2021$460K
FY2022$888K
FY2023$1.3M
FY2024$1.5M

From the FY2020 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 Dec 2019.

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

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $915K Management & general 15% · $161K

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

28 people listed on the 990; $467K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$250,000Pt VII · Sec A
Program Manager
$111,389Pt VII · Sec A
Program Manager
$105,860Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lyndie Hice-Dunton’s $333K as Executive Director is at the 98th percentile of top reported officer pay among 1851 $1–10M environment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2024FY2023FY2022FY2021FY2020
Lyndie Hice-Dunton$332,981$262,731———
Carrie Cullen Hitt——$131,302$286,942$250,000
Christine Sloan$175,325$159,444$129,994$141,122$105,860
Kori Groenveld$142,848$131,788$105,561$103,797—
Juergen Pilot———$141,122$111,389
Melanie Schultz$135,069$133,659$102,233——
Julian Fraize$130,246$124,193———
Julia Dombroski$114,685————

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

Supports research to lower offshore wind energy costs for the public.

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Provided by the organization

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1 program · $915K · in their own filed words · FY2020
01

The consortium worked on building support from private and public sources to chart a path that will sustain american leadership in offshore wind development. Through utilization of a market-pull approach, the consortium prioritizes research directly applicable to the technical barriers that offshore wind developers, oem and supply chain…

$915Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Money outPt IX
$1.1M
Ln 25
Programscol B$915K
Managementcol C$161K
Owns and owesPt X
$289K
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.1M
PeoplePt VI, VII
28
listed · VII A
PaidVII A3
Voting boardVI 1a24
IndependentVI 1b23
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Government grantsLn 1e$657K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$1.3M
Cash and savings togetherLn 1–2$1.3M
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$1.4M
LiabilitiesLn 26$1.1M
Net assetsLn 32$289K
OperationsPt I, VI
EmployeesI 54
VolunteersI 625
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$1.2M$1.3M
Land, buildings, equipmentLn 10c$2K$4K
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$1.0M$1.1M
Net assetsLn 32$283K$289K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$250K$250K$0$0
Other salaries and wagesLn 7$237K$227K$10K$0
Pension plan contributionsLn 8$8K$8K$0$0
Other employee benefitsLn 9$7K$7K$0$0
Payroll taxesLn 10$33K$33K$0$0
Legal feesLn 11b$125K$75K$50K$0
Accounting feesLn 11c$54K$0$54K$0
Other fees for servicesLn 11g$293K$288K$5K$0
Office expensesLn 13$5K$1K$4K$0
Information technologyLn 14$13K$0$13K$0
OccupancyLn 16$7K$1K$6K$0
TravelLn 17$5K$2K$3K$0
Conferences, conventions and meetingsLn 19$24K$23K$974$0
Depreciation, depletion and amortizationLn 22$1K$0$1K$0
InsuranceLn 23$14K$0$14K$0
Total functional expensesLn 25$1.1M$915K$161K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.3M$7.1M$247K$1.5M 990 PDF
FY2023 $7.2M$6.8M$398K$1.3M 990 PDF
FY2022 $6.9M$6.5M$428K$888K 990 PDF
FY2021 $2.5M$2.3M$171K$460K 990 PDF
FY2020 Viewing $1.1M$1.1M$6K$289K 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 $1,082,053 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $461,719$1,082,053
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $300$0
I-12 Total revenuePrior year $462,019$1,082,053
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $86,473$534,566
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $92,363$541,672
I-18 Total expensesPrior year $178,836$1,076,238
I-19 Revenue less expensesPrior year $283,183$5,815
Part VI · Governance 23 of 24 board members independent, no flags
VI-1a Voting members of the governing body24
VI-1b Independent voting members23
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 $1,082,053 across 4 lines filed
VIII-1b Membership dues$425,000
VIII-1e Government grants$657,053
VIII-1h Total contributions, gifts and grants$1,082,053
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,082,053
Part IX · Statement of functional expenses $1,076,238 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $250,000 · Management $0 · Fundraising $0$250,000
IX-7 Other salaries and wagesPrograms $226,682 · Management $10,000 · Fundraising $0$236,682
IX-8 Pension plan contributionsPrograms $7,700 · Management $0 · Fundraising $0$7,700
IX-9 Other employee benefitsPrograms $7,412 · Management $0 · Fundraising $0$7,412
IX-10 Payroll taxesPrograms $32,772 · Management $0 · Fundraising $0$32,772
IX-11b Legal feesPrograms $75,155 · Management $50,103 · Fundraising $0$125,258
IX-11c Accounting feesPrograms $0 · Management $53,604 · Fundraising $0$53,604
IX-11g Other fees for servicesPrograms $287,961 · Management $4,849 · Fundraising $0$292,810
IX-13 Office expensesPrograms $1,450 · Management $3,929 · Fundraising $0$5,379
IX-14 Information technologyPrograms $0 · Management $13,224 · Fundraising $0$13,224
IX-16 OccupancyPrograms $1,000 · Management $6,000 · Fundraising $0$7,000
IX-17 TravelPrograms $2,307 · Management $3,090 · Fundraising $0$5,397
IX-19 Conferences, conventions and meetingsPrograms $22,960 · Management $974 · Fundraising $0$23,934
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,038 · Fundraising $0$1,038
IX-23 InsurancePrograms $0 · Management $14,028 · Fundraising $0$14,028
IX-25 Total functional expensesPrograms $915,399 · Management $160,839 · Fundraising $0$1,076,238
Part X · Balance sheet $1,366,232 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $1,195,405$1,273,009
X-4 Accounts receivableStart of year $112,375$81,644
X-9 Prepaid expenses and deferred chargesStart of year $3,303$7,121
X-10c Land, buildings and equipment, netStart of year $1,680$4,458
X-16 Total assetsStart of year $1,312,763$1,366,232
X-17 Accounts payable and accrued expensesStart of year $29,580$77,234
X-19 Deferred revenueStart of year $1,000,000$1,000,000
X-26 Total liabilitiesStart of year $1,029,580$1,077,234
X-27 Net assets without donor restrictionsStart of year $283,183$288,998
X-32 Total net assets or fund balancesStart of year $283,183$288,998
X-33 Total liabilities and net assetsStart of year $1,312,763$1,366,232
Part XI · Reconciliation of net assets $288,998 net assets at year end
XI-1 Total revenue$1,082,053
XI-2 Total expenses$1,076,238
XI-3 Revenue less expenses$5,815
XI-4 Net assets at start of year$283,183
XI-10 Net assets at end of year$288,998

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

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