Civic Intelligence

Statewide Energy Efficiency and Renewables Administration Inc

990 • Fiscal year 2018 • EIN 26-0189586

Jan 01, 2018 to Dec 31, 2018 • Filed on Nov 13, 2019

PO Box 8700Madison, WI 53708-8700

(608) 274-1980

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

48th percentile

0.28x

Higher debt load relative to assets than 48% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Source year 2018

Liabilities / Revenue

28th percentile

0.17x

Higher debt load relative to revenue than 28% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Source year 2018

Net Margin

8th percentile

-21%

Higher net margin than 8% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Source year 2018

Top Officer Pay

8th percentile

$0

Higher top officer pay than 8% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2018 filings • $100M-$250M nonprofits • Source year 2018

Asset Growth

2nd percentile

-22%

Faster asset growth than 2% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Annualized from 2017 to 2018

Revenue Growth

34th percentile

1.9%

Faster revenue growth than 34% of similar nonprofits.

2018 filings • $100M-$250M nonprofits • Annualized from 2017 to 2018

Assets

Down

$61,206,063

Down $17,735,715 (-22%) from 2017

Net Assets

Down

$44,109,330

Down $21,345,590 (-33%) from 2017

Liabilities

Up

$17,096,733

Up $3,609,875 (+27%) from 2017

Revenue

Up

$103,175,336

Up $1,921,150 (+1.9%) from 2017

Expenses

Up

$124,520,926

Up $22,694,386 (+22%) from 2017

Net Income

Down

-$21,345,590

Down $20,773,236 (-3629%) from 2017

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$100M$50M$0Assets 2010: $33,226,522Liabilities 2010: $10,868,710Net Assets 2010: $22,357,8122010Assets 2011: $81,642,009Liabilities 2011: $5,586,077Net Assets 2011: $76,055,9322011Assets 2012: $92,352,047Liabilities 2012: $7,892,932Net Assets 2012: $84,459,1152012Assets 2013: $78,355,332Liabilities 2013: $8,523,390Net Assets 2013: $69,831,9422013Assets 2014: $77,162,889Liabilities 2014: $6,299,335Net Assets 2014: $70,863,5542014Assets 2015: $77,838,902Liabilities 2015: $10,147,365Net Assets 2015: $67,691,5372015Assets 2016: $76,760,787Liabilities 2016: $10,733,513Net Assets 2016: $66,027,2742016Assets 2017: $78,941,778Liabilities 2017: $13,486,858Net Assets 2017: $65,454,9202017Assets 2018: $61,206,063Liabilities 2018: $17,096,733Net Assets 2018: $44,109,3302018Assets 2019: $45,494,791Liabilities 2019: $6,577,680Net Assets 2019: $38,917,1112019Assets 2020: $51,450,920Liabilities 2020: $9,602,828Net Assets 2020: $41,848,0922020Assets 2021: $63,794,129Liabilities 2021: $12,179,679Net Assets 2021: $51,614,4502021Assets 2022: $56,801,968Liabilities 2022: $8,389,387Net Assets 2022: $48,412,5812022Assets 2023: $62,691,470Liabilities 2023: $7,362,124Net Assets 2023: $55,329,3462023Assets 2024: $69,369,137Liabilities 2024: $6,778,469Net Assets 2024: $62,590,6682024

Highlighted filing

2018

Assets$61,206,063
Liabilities$17,096,733
Net Assets$44,109,330

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150M$100M$50M$0-$50MExpenses 2010: $99,951,9262010Expenses 2011: $88,460,7122011Expenses 2012: $95,229,7492012Revenue 2013: $103,393,090Expenses 2013: $118,020,263Net Income 2013: -$14,627,1732013Revenue 2014: $100,739,313Expenses 2014: $99,707,701Net Income 2014: $1,031,6122014Revenue 2015: $102,537,426Expenses 2015: $105,709,443Net Income 2015: -$3,172,0172015Revenue 2016: $97,502,380Expenses 2016: $99,166,643Net Income 2016: -$1,664,2632016Revenue 2017: $101,254,186Expenses 2017: $101,826,540Net Income 2017: -$572,3542017Revenue 2018: $103,175,336Expenses 2018: $124,520,926Net Income 2018: -$21,345,5902018Revenue 2019: $102,903,231Expenses 2019: $108,095,450Net Income 2019: -$5,192,2192019Revenue 2020: $99,130,653Expenses 2020: $96,199,672Net Income 2020: $2,930,9812020Revenue 2021: $99,926,553Expenses 2021: $90,160,195Net Income 2021: $9,766,3582021Revenue 2022: $101,503,352Expenses 2022: $104,705,221Net Income 2022: -$3,201,8692022Revenue 2023: $101,983,271Expenses 2023: $95,066,506Net Income 2023: $6,916,7652023Revenue 2024: $104,783,423Expenses 2024: $97,522,101Net Income 2024: $7,261,3222024

Highlighted filing

2018

Revenue$103,175,336
Expenses$124,520,926
Net Income-$21,345,590
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Nov 13, 2019
Return Version
2018v3.1
Gross Receipts
$103,175,336
Mission and Program Overview

Mission

The mission of statewide energy efficiency and renewables administration, inc. Is to empower the people and businesses of wisconsin to make smart energy decisions with enduring economic benefits.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$74,711,675$55,696,397▼ $19,015,278
Other Notes and Loans Receivable, Net$2,417,716$2,333,236▼ $84,480
Land, Buildings, and Equipment, Net$1,752,045$1,807,618▲ $55,573
Accounts Receivable$60,342$1,368,812▲ $1,308,470
Total Assets$78,941,778$61,206,063▼ $17,735,715
Liabilities
Accounts Payable and Accrued Expenses$13,486,858$17,096,733▲ $3,609,875
Total Liabilities$13,486,858$17,096,733▲ $3,609,875
Net Assets / Fund Balance
Unrestricted Net Assets$65,454,920$44,109,330▼ $21,345,590
Total Net Assets Fund Balance$65,454,920$44,109,330▼ $21,345,590
Total Liabilities and Net Assets / Fund Balance$78,941,778$61,206,063▼ $17,735,715

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,807,618$3,377,717$5,185,335
Compensation and Service Providers

Board Members and Trustees

NameTitle
Dennis DerricksChairperson
Jeff RippVice Chairperson
John RichardsDirector
Martha PiepgrasDirector
Rachel ReinwandDirector
Robert SandstromDirector
John SumiSecretary
Lori DrillingTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
AptimProgram Administrator4171 ESSEN LN, Baton Rouge, LA 70809$12,049,863
Franklin Energy Services LLCProgram Administrator102 N FRANKLIN ST, Port Washington, WI 53074$10,305,933
Leidos Engineering LLCProgram Administrator9400 BROADWAY EXT STE 300, Oklahoma City, OK 73114$4,970,834
The Cadmus Group LLCEvaluation Consulting100 5TH AVE STE 100, Waltham, MA 02451$2,220,608
Wipfli LLPAdministration ServicesPO BOX 3160, Milwaukee, WI 53201$1,850,954
Revenue and Support

Revenue Composition

Contributions and Grants
$101,976,797
Program Service Revenue
$19,091
Investment Income
$1,179,448
Other Revenue
$0
Change in Net Assets
$-21,345,590

Audited Revenue Reconciliation

Revenue per Audited Statements
$103,175,336
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$103,175,336
Total Revenue per Form 990
$103,175,336
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$124,520,926
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses---$2,067,774
Depreciation Depletion---$706,035
Information Technology---$691,338
Fees for Services Accounting---$408,321
All Other Expenses---$294,297
Office Expenses---$36,242
Total Functional Expenses$0$0$0$124,520,926

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$124,520,926
Total Expenses per Audited Statements$124,520,926
Total Expenses per Form 990$124,520,926
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Any investor-owned energy utility subject to 2005 wisconsin act 141 may become a member of the corporation.

Form 990, Part VI, Section A, Line 7A

Members have the right to elect the board of directors of the organization.

Form 990, Part VI, Section A, Line 7B

Bylaws may only be altered, amended or repealed and new bylaws may be adopted by the members.

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed by the chairperson and is available to the governing body before being filed with the internal revenue service.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and financial statements are not made available to the public. The organization does not have a conflict of interest policy.

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Dennis derricks - wisconsin public service corporation; 700 n. Adams, green bay, wi 54307. Jeff ripp - alliant energy; 4902 north biltmore lane, madison, wi 53718. John sumi - madison gas and electric; p.o. Box 1231, madison, wi 53701. Lori drilling - northern states power company; 1414 w. Hamilton ave., p.o. B eau claire, wi 54702. Robert sandstrom - superior water, light & power company; 2915 hill ave., superior, wi 54880. Martha piepgras - st. Croix gas; 415 s. Second st., river falls, wi 54022. John richards - northwestern wisconsin electric company; p.o. Box 9, grantsburg, wi 54840. Rachel reinwand - consolidated water power company; p.o. Box 8050, wisconsin rapids, wi 54495.

Filing and Contact Details

Filer

Filer Name
Statewide Energy Efficiency and
EIN
26-0189586
Phone
6082741980
Address
PO BOX 8700, MADISON, WI 53708-8700

Signing Officer

Name
Dennis Derricks
Title
Chairperson
Phone
9204331470
Signed
2019-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dennis Derricks
Formed
2007
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
PO BOX 8700, MADISON, WI 53708-8700
Preparer
Brittany Mergen
Phone
6082741980
Supplemental Narrative

Additional Explanations

Form 99, Part I, Line 1

2005 wisconsin act 141 (act 141) provides that the investor-owned electric and gas utilities must collectively establish and fund the statewide energy efficiency and renewable energy programs. To fulfill their obligations under act 141, the energy utilities have formed the statewide energy efficiency and renewables administration, inc. (seera). Seera was established to collect, disburse and manage funds for the focus on energy (focus) program. Wisconsin policy regarding energy efficiency and energy from renewable resources has been substantially shaped by three acts. 1993 wisconsin act 414 (act 414) created a priority list of energy sources and required the public service commission of wisconsin (pscw) and other agencies to implement the priorities in making all energy-related decisions and orders. It also addressed the efficient use of energy in public and private buildings, small scale solar and wind energy generation, and related topics. 1999 wisconsin act 9 (act 9) established programs to promote energy efficiency and renewable energy and to provide energy assistance to low-income households, both administered by the wisconsin department of administration (doa). It also created a renewable portfolio standard (rps), a requirement that electric utilities and retail electric cooperatives sell minimum amounts of renewable electricity, expressed as a percentage of the total electricity a utility or cooperative sells. The rps established by act 9 would reach its maximum at 2.2% in 2012. Wisconsin act 141 modified and built on the policies created by those acts. This act: replaced the doa energy efficiency and renewable resource programs with programs the utilities create and fund. The utilities also select and establish contracts with one or more program administrators to implement the programs.; established a new and and more ambitious rps, intended to result in 10% of state wide use of electricity being from renewable sources.; limited the application of the act 414 energy priority list in certain pscw proceedings.; created new initiatives to promote the efficient use of energy in state facilities, intended to result in 20% of the state's own use of electricity being from renewable sources, and new requirements regarding energy codes for private buildings.

Raw XML Appendix367 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/MissionDesc0THE MISSION OF STATEWIDE ENERGY EFFICIENCY AND RENEWABLES ADMINISTRATION, INC. IS TO EMPOWER THE PEOPLE AND BUSINESSES OF WISCONSIN TO MAKE SMART ENERGY DECISIONS WITH ENDURING ECONOMIC BENEFITS.
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IRS990/OtherExpensesGrp/Desc3EVALUATION
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt02005 WISCONSIN ACT 141 (ACT 141) PROVIDES THAT THE INVESTOR-OWNED ELECTRIC AND GAS UTILITIES MUST COLLECTIVELY ESTABLISH AND FUND THE STATEWIDE ENERGY EFFICIENCY AND RENEWABLE ENERGY PROGRAMS. TO FULFILL THEIR OBLIGATIONS UNDER ACT 141, THE ENERGY UTILITIES HAVE FORMED THE STATEWIDE ENERGY EFFICIENCY AND RENEWABLES ADMINISTRATION, INC. (SEERA). SEERA WAS ESTABLISHED TO COLLECT, DISBURSE AND MANAGE FUNDS FOR THE FOCUS ON ENERGY (FOCUS) PROGRAM. WISCONSIN POLICY REGARDING ENERGY EFFICIENCY AND ENERGY FROM RENEWABLE RESOURCES HAS BEEN SUBSTANTIALLY SHAPED BY THREE ACTS. 1993 WISCONSIN ACT 414 (ACT 414) CREATED A PRIORITY LIST OF ENERGY SOURCES AND REQUIRED THE PUBLIC SERVICE COMMISSION OF WISCONSIN (PSCW) AND OTHER AGENCIES TO IMPLEMENT THE PRIORITIES IN MAKING ALL ENERGY-RELATED DECISIONS AND ORDERS. IT ALSO ADDRESSED THE EFFICIENT USE OF ENERGY IN PUBLIC AND PRIVATE BUILDINGS, SMALL SCALE SOLAR AND WIND ENERGY GENERATION, AND RELATED TOPICS. 1999 WISCONSIN ACT 9 (ACT 9) ESTABLISHED PROGRAMS TO PROMOTE ENERGY EFFICIENCY AND RENEWABLE ENERGY AND TO PROVIDE ENERGY ASSISTANCE TO LOW-INCOME HOUSEHOLDS, BOTH ADMINISTERED BY THE WISCONSIN DEPARTMENT OF ADMINISTRATION (DOA). IT ALSO CREATED A RENEWABLE PORTFOLIO STANDARD (RPS), A REQUIREMENT THAT ELECTRIC UTILITIES AND RETAIL ELECTRIC COOPERATIVES SELL MINIMUM AMOUNTS OF RENEWABLE ELECTRICITY, EXPRESSED AS A PERCENTAGE OF THE TOTAL ELECTRICITY A UTILITY OR COOPERATIVE SELLS. THE RPS ESTABLISHED BY ACT 9 WOULD REACH ITS MAXIMUM AT 2.2% IN 2012. WISCONSIN ACT 141 MODIFIED AND BUILT ON THE POLICIES CREATED BY THOSE ACTS. THIS ACT: REPLACED THE DOA ENERGY EFFICIENCY AND RENEWABLE RESOURCE PROGRAMS WITH PROGRAMS THE UTILITIES CREATE AND FUND. THE UTILITIES ALSO SELECT AND ESTABLISH CONTRACTS WITH ONE OR MORE PROGRAM ADMINISTRATORS TO IMPLEMENT THE PROGRAMS.; ESTABLISHED A NEW AND AND MORE AMBITIOUS RPS, INTENDED TO RESULT IN 10% OF STATE WIDE USE OF ELECTRICITY BEING FROM RENEWABLE SOURCES.; LIMITED THE APPLICATION OF THE ACT 414 ENERGY PRIORITY LIST IN CERTAIN PSCW PROCEEDINGS.; CREATED NEW INITIATIVES TO PROMOTE THE EFFICIENT USE OF ENERGY IN STATE FACILITIES, INTENDED TO RESULT IN 20% OF THE STATE'S OWN USE OF ELECTRICITY BEING FROM RENEWABLE SOURCES, AND NEW REQUIREMENTS REGARDING ENERGY CODES FOR PRIVATE BUILDINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANY INVESTOR-OWNED ENERGY UTILITY SUBJECT TO 2005 WISCONSIN ACT 141 MAY BECOME A MEMBER OF THE CORPORATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS OF THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BYLAWS MAY ONLY BE ALTERED, AMENDED OR REPEALED AND NEW BYLAWS MAY BE ADOPTED BY THE MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FORM 990 IS REVIEWED BY THE CHAIRPERSON AND IS AVAILABLE TO THE GOVERNING BODY BEFORE BEING FILED WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. THE ORGANIZATION DOES NOT HAVE A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6DENNIS DERRICKS - WISCONSIN PUBLIC SERVICE CORPORATION; 700 N. ADAMS, GREEN BAY, WI 54307. JEFF RIPP - ALLIANT ENERGY; 4902 NORTH BILTMORE LANE, MADISON, WI 53718. JOHN SUMI - MADISON GAS AND ELECTRIC; P.O. BOX 1231, MADISON, WI 53701. LORI DRILLING - NORTHERN STATES POWER COMPANY; 1414 W. HAMILTON AVE., P.O. B EAU CLAIRE, WI 54702. ROBERT SANDSTROM - SUPERIOR WATER, LIGHT & POWER COMPANY; 2915 HILL AVE., SUPERIOR, WI 54880. MARTHA PIEPGRAS - ST. CROIX GAS; 415 S. SECOND ST., RIVER FALLS, WI 54022. JOHN RICHARDS - NORTHWESTERN WISCONSIN ELECTRIC COMPANY; P.O. BOX 9, GRANTSBURG, WI 54840. RACHEL REINWAND - CONSOLIDATED WATER POWER COMPANY; P.O. BOX 8050, WISCONSIN RAPIDS, WI 54495.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 99, PART I, LINE 1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
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ReturnHeader/BuildTS02020-03-31 21:24:44Z
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ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$69.4$6.78$62.6$105$97.5$7.26
2023Detailed filing. Detailed filing data is available for this year.$62.7$7.36$55.3$102$95.1$6.92
2022Detailed filing. Detailed filing data is available for this year.$56.8$8.39$48.4$102$105$3.20
2021Detailed filing. Detailed filing data is available for this year.$63.8$12.2$51.6$99.9$90.2$9.77
2020Detailed filing. Detailed filing data is available for this year.$51.5$9.60$41.8$99.1$96.2$2.93
2019Detailed filing. Detailed filing data is available for this year.$45.5$6.58$38.9$103$108$5.19
2018Detailed filing. Detailed filing data is available for this year.$61.2$17.1$44.1$103$125$21.3
2017Detailed filing. Detailed filing data is available for this year.$78.9$13.5$65.5$101$102$0.57
2016Detailed filing. Detailed filing data is available for this year.$76.8$10.7$66.0$97.5$99.2$1.66
2015Detailed filing. Detailed filing data is available for this year.$77.8$10.1$67.7$103$106$3.17
2014Detailed filing. Detailed filing data is available for this year.$77.2$6.30$70.9$101$99.7$1.03
2013Detailed filing. Detailed filing data is available for this year.$78.4$8.52$69.8$103$118$14.6
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$92.4$7.89$84.5$95.2
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$81.6$5.59$76.1$88.5
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$33.2$10.9$22.4$100.0