Civic Intelligence

Statewide Energy Efficiency and Renewables Administration Inc

990 • Fiscal year 2021 • EIN 26-0189586

Jan 01, 2021 to Dec 31, 2021 • Filed on Oct 26, 2022

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

38th percentile

0.19x

Higher debt load relative to assets than 38% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Liabilities / Revenue

14th percentile

0.12x

Higher debt load relative to revenue than 14% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Net Margin

50th percentile

9.8%

Higher net margin than 50% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

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

2021 filings • 501(c)6 • $50M-$100M nonprofits • Source year 2021

Asset Growth

80th percentile

24%

Faster asset growth than 80% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Revenue Growth

32nd percentile

0.8%

Faster revenue growth than 32% of similar nonprofits.

2021 filings • 501(c)6 • $50M-$100M nonprofits • Annualized from 2020 to 2021

Assets

Up

$63,794,129

Up $12,343,209 (+24%) from 2020

Net Assets

Up

$51,614,450

Up $9,766,358 (+23%) from 2020

Liabilities

Up

$12,179,679

Up $2,576,851 (+27%) from 2020

Revenue

Up

$99,926,553

Up $795,900 (+0.8%) from 2020

Expenses

Down

$90,160,195

Down $6,039,477 (-6.3%) from 2020

Net Income

Up

$9,766,358

Up $6,835,377 (+233%) from 2020

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

2021

Assets$63,794,129
Liabilities$12,179,679
Net Assets$51,614,450

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

2021

Revenue$99,926,553
Expenses$90,160,195
Net Income$9,766,358
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Oct 26, 2022
Return Version
2021v4.2
Gross Receipts
$99,926,553
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$48,307,839$61,030,797▲ $12,722,958
Other Notes and Loans Receivable, Net$2,130,494$2,045,161▼ $85,333
Land, Buildings, and Equipment, Net$932,869$718,171▼ $214,698
Accounts Receivable$79,718--
Total Assets$51,450,920$63,794,129▲ $12,343,209
Liabilities
Accounts Payable and Accrued Expenses$9,602,828$12,179,679▲ $2,576,851
Total Liabilities$9,602,828$12,179,679▲ $2,576,851
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$41,848,092$51,614,450▲ $9,766,358
Total Net Assets Fund Balance$41,848,092$51,614,450▲ $9,766,358
Total Liabilities and Net Assets / Fund Balance$51,450,920$63,794,129▲ $12,343,209

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$718,171$5,088,774$5,806,945
Compensation and Service Providers

Board Members and Trustees

NameTitle
Rich StasikChairperson
Lori DrillingVice Chairperson
Dave DahlbergDirector
Jp BrummondDirector
Martha PiepgrasDirector
Matthew SpencerDirector
Joscy SkandelSecretary
Rachel ReinwandTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Franklin Energy Services LLCProgram Implementer102 N FRANKLIN ST, Port Washington, WI 53074$8,960,286
AptimProgram Administrator4171 ESSEN LN, Baton Rouge, LA 70809$5,886,699
Icf Resources LLCStrategic Consulting9300 LEE HIGHWAY, Fairfax, VA 22031$4,205,591
Clearesult Consulting INCConsulting6504 BRIDGE POINT PKWY STE 425, Austin, TX 78730$3,982,461
The Cadmus Group LLCEvaluation Consultation100 5TH AVE STE 100, Waltham, MA 02451$3,897,219
Revenue and Support

Revenue Composition

Contributions and Grants
$99,896,418
Program Service Revenue
$4,000
Investment Income
$26,135
Other Revenue
$0
Change in Net Assets
$9,766,358

Audited Revenue Reconciliation

Revenue per Audited Statements
$99,926,553
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$99,926,553
Total Revenue per Form 990
$99,926,553
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$90,160,195
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---$3,696,847
Information Technology---$687,403
Depreciation Depletion---$437,617
Fees for Services Accounting---$338,945
All Other Expenses---$322,248
Office Expenses---$39,659
Total Functional Expenses$0$0$0$90,160,195

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$90,160,195
Total Expenses per Audited Statements$90,160,195
Total Expenses per Form 990$90,160,195
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 35% controlled entity
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 VI, Line 3

Seera has no employees, the board of directors oversees the direction of the organization and utilizes two contractors: aptim government solutions (aptim) as its program administrator for the focus on energy programs and wipfli llp (wipfli) as their fiscal agent to receive, distribute and account for the statewide energy efficiency and renewable energy funds under act 141.

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
Rich Stasik
Title
Chairperson
Phone
9204331470
Signed
2022-10-26
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rich Stasik
Formed
2007
Legal Domicile
Wi
Voting Board Members
8
Independent Board Members
8
Employees
0
Volunteers
0

Preparer

Firm
Wipfli Llp
Address
1502 LONDON ROAD SUITE 200, DULUTH, MN 55812
Preparer
Michael J Peterson CPA
Phone
2187224705
Supplemental Narrative

Additional Explanations

Form 990, 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.

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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/Desc0STATEWIDE ENERGY EFFICIENCY AND RENEWABLES ADMINISTRATION, INC. (SEERA) IS WISCONSIN UTILITIES' STATEWIDE ENERGY EFFICIENCY AND RENEWABLE RESOURCE PROGRAM. THE PROGRAM WORKS WITH ELIGIBLE WISCONSIN RESIDENTS AND BUSINESSES TO INSTALL COST-EFFECTIVE ENERGY EFFICIENCY AND RENEWABLE ENERGY PROJECTS.THE INFORMATION, RESOURCES AND FINANCIAL INCENTIVES THE ORGANIZATION PROVIDES TO IMPLEMENT ENERGY SAVING PROJECTS THAT OTHERWISE WOULD NOT BE COMPLETED, OR TO COMPLETE PROJECTS SOONER THAN SCHEDULED. THESE ENERGY PROJECTS: HELP WISCONSIN RESIDENTS AND BUSINESSES MANAGE ENERGY COSTS; PROMOTE IN-STATE ECONOMIC DEVELOPMENT; PROTECT OUR ENVIRONMENT; CONTROL WISCONSIN'S GROWING DEMAND FOR ELECTRICITY AND NATURAL GAS.SEERA IS FUNDED BY THE STATE'S INVESTOR-OWNED ENERGY UTILITIES, AS REQUIRED UNDER WIS. STAT. SECTION 196.374(2)(A), AND PARTICIPATING MUNICIPAL AND ELECTRIC COOPERATIVE UTILITIES. TO PARTICIPATE IN THE PROGRAMS, RESIDENTS OR BUSINESS OWNERS MUST BE CUSTOMERS OF A PARTICIPATING UTILITY.
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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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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/ExplanationTxt6SEERA HAS NO EMPLOYEES, THE BOARD OF DIRECTORS OVERSEES THE DIRECTION OF THE ORGANIZATION AND UTILIZES TWO CONTRACTORS: APTIM GOVERNMENT SOLUTIONS (APTIM) AS ITS PROGRAM ADMINISTRATOR FOR THE FOCUS ON ENERGY PROGRAMS AND WIPFLI LLP (WIPFLI) AS THEIR FISCAL AGENT TO RECEIVE, DISTRIBUTE AND ACCOUNT FOR THE STATEWIDE ENERGY EFFICIENCY AND RENEWABLE ENERGY FUNDS UNDER ACT 141.
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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 VI, LINE 3
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MICHAEL J PETERSON CPA
ReturnHeader/ReturnTs02022-10-27T06:37:32-05:00
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ReturnHeader/TaxYr02021

Document Assets

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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