Civic Intelligence

Elevate Energy

EIN 36-4443093 • 501(c)3 • Chicago, IL

Profile

Elevate promotes equity through climate action. Elevate designs and implements programs that reduce costs, protect people and the environment, and ensure the benefits of clean and efficient energy use reach those who need them most.

322 S Green Street 300Chicago, IL 60607

www.elevatenp.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.54x

Higher debt load relative to assets than 74% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

61st percentile

0.52x

Higher debt load relative to revenue than 61% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

52nd percentile

5.0%

Higher net margin than 52% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

90th percentile

30%

Faster asset growth than 90% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

77th percentile

23%

Faster revenue growth than 77% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

Up

$58,343,027

Up $15,953,553 (+38%) from 2023

Liabilities

Up

$31,794,960

Up $12,561,869 (+65%) from 2023

Net Assets

Up

$26,548,067

Up $3,391,684 (+15%) from 2023

Revenue

Up

$60,915,201

Up $10,034,738 (+20%) from 2023

Expenses

Up

$57,878,205

Up $11,329,745 (+24%) from 2023

Net Income

Down

$3,036,996

Down $1,295,007 (-30%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2010: $3,586,313Liabilities 2010: $2,307,609Net Assets 2010: $1,278,7042010Assets 2011: $3,470,251Liabilities 2011: $2,090,758Net Assets 2011: $1,379,4932011Assets 2012: $3,667,877Liabilities 2012: $1,695,975Net Assets 2012: $1,971,9022012Assets 2013: $6,844,568Liabilities 2013: $4,531,782Net Assets 2013: $2,312,7862013Assets 2014: $6,702,385Liabilities 2014: $4,348,908Net Assets 2014: $2,353,4772014Assets 2015: $5,579,717Liabilities 2015: $3,560,287Net Assets 2015: $2,019,4302015Assets 2016: $6,825,555Liabilities 2016: $4,730,392Net Assets 2016: $2,095,1632016Assets 2017: $10,389,799Liabilities 2017: $6,561,592Net Assets 2017: $3,828,2072017Assets 2018: $14,289,966Liabilities 2018: $9,781,051Net Assets 2018: $4,508,9152018Assets 2019: $16,081,418Liabilities 2019: $9,365,116Net Assets 2019: $6,716,3022019Assets 2020: $19,511,651Liabilities 2020: $11,414,201Net Assets 2020: $8,097,4502020Assets 2021: $26,024,460Liabilities 2021: $14,926,848Net Assets 2021: $11,097,6122021Assets 2022: $34,326,769Liabilities 2022: $15,804,000Net Assets 2022: $18,522,7692022Assets 2023: $42,389,474Liabilities 2023: $19,233,091Net Assets 2023: $23,156,3832023Assets 2024: $58,343,027Liabilities 2024: $31,794,960Net Assets 2024: $26,548,0672024

Highlighted filing

2024

Assets$58,343,027
Liabilities$31,794,960
Net Assets$26,548,067

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$80M$60M$40M$20M$0-$20MExpenses 2010: $5,345,4632010Expenses 2011: $9,141,2082011Expenses 2012: $6,559,6002012Revenue 2013: $10,339,882Expenses 2013: $9,998,994Net Income 2013: $340,8882013Revenue 2014: $13,431,661Expenses 2014: $13,390,970Net Income 2014: $40,6912014Revenue 2015: $13,484,647Expenses 2015: $13,818,694Net Income 2015: -$334,0472015Revenue 2016: $12,385,373Expenses 2016: $12,309,640Net Income 2016: $75,7332016Revenue 2017: $19,003,383Expenses 2017: $17,270,339Net Income 2017: $1,733,0442017Revenue 2018: $24,828,806Expenses 2018: $24,148,098Net Income 2018: $680,7082018Revenue 2019: $31,215,942Expenses 2019: $29,008,555Net Income 2019: $2,207,3872019Revenue 2020: $28,275,330Expenses 2020: $26,894,182Net Income 2020: $1,381,1482020Revenue 2021: $38,178,610Expenses 2021: $35,178,448Net Income 2021: $3,000,1622021Revenue 2022: $40,435,759Expenses 2022: $33,010,602Net Income 2022: $7,425,1572022Revenue 2023: $50,880,463Expenses 2023: $46,548,460Net Income 2023: $4,332,0032023Revenue 2024: $60,915,201Expenses 2024: $57,878,205Net Income 2024: $3,036,9962024

Highlighted filing

2024

Revenue$60,915,201
Expenses$57,878,205
Net Income$3,036,996

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$58.3$31.8$26.5$60.9$57.9$3.04
2023Detailed filing. Detailed filing data is available for this year.$42.4$19.2$23.2$50.9$46.5$4.33
2022Detailed filing. Detailed filing data is available for this year.$34.3$15.8$18.5$40.4$33.0$7.43
2021Detailed filing. Detailed filing data is available for this year.$26.0$14.9$11.1$38.2$35.2$3.00
2020Detailed filing. Detailed filing data is available for this year.$19.5$11.4$8.10$28.3$26.9$1.38
2019Detailed filing. Detailed filing data is available for this year.$16.1$9.37$6.72$31.2$29.0$2.21
2018Detailed filing. Detailed filing data is available for this year.$14.3$9.78$4.51$24.8$24.1$0.68
2017Detailed filing. Detailed filing data is available for this year.$10.4$6.56$3.83$19.0$17.3$1.73
2016Detailed filing. Detailed filing data is available for this year.$6.83$4.73$2.10$12.4$12.3$0.08
2015Detailed filing. Detailed filing data is available for this year.$5.58$3.56$2.02$13.5$13.8$0.33
2014Detailed filing. Detailed filing data is available for this year.$6.70$4.35$2.35$13.4$13.4$0.04
2013Detailed filing. Detailed filing data is available for this year.$6.84$4.53$2.31$10.3$10.00$0.34
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.67$1.70$1.97$6.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.47$2.09$1.38$9.14
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.59$2.31$1.28$5.35
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 7, 2025
Return Version
2024v5.2
Gross Receipts
$84,015,981
Mission and Program Overview

Mission

Elevate Energy's mission is to design and implement efficiency programs that lower costs, protect the environment, and ensure the benefits of energy efficiency reach those who need them most. Elevate provides economic and environmental benefits to households, building owners, and communities through energy efficiency and conservation and by engaging them in public education efforts to reduce their energy usage. Specifically, Elevate Energy administers residential hourly electricity pricing programs, delivers energy efficiency retrofits in residential and commercial buildings, provides energy planning and data analysis services, and conducts research and makes its results available to the public and governmental agencies to advance knowledge about current energy use and ways that society may benefit through reductions in energy consumption.

We work to create access to clean and affordable heat, cooling, power, and water for everyone.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$13,336,990$19,600,616▲ $6,263,626
Cash and Non-Interest-Bearing Accounts$701,728$12,592,841▲ $11,891,113
Investments in Publicly Traded Securities$8,969,375$10,346,239▲ $1,376,864
Accounts Receivable$5,660,351$6,713,077▲ $1,052,726
Pledges and Grants Receivable$10,109,518$6,705,350▼ $3,404,168
Prepaid Expenses and Deferred Charges$731,490$382,092▼ $349,398
Land, Buildings, and Equipment, Net$204,377$278,591▲ $74,214
Total Assets$42,389,474$58,343,027▲ $15,953,553
Other Assets Total$2,675,645$1,724,221▼ $951,424
Liabilities
Other Liabilities$12,480,726$18,673,277▲ $6,192,551
Accounts Payable and Accrued Expenses$6,439,727$6,962,458▲ $522,731
Deferred Revenue$312,638$6,159,225▲ $5,846,587
Total Liabilities$19,233,091$31,794,960▲ $12,561,869
Net Assets / Fund Balance
Net Assets With Donor Restrictions$11,742,260$13,876,745▲ $2,134,485
Net Assets Without Donor Restrictions$11,414,123$12,671,322▲ $1,257,199
Total Net Assets Fund Balance$23,156,383$26,548,067▲ $3,391,684
Total Liabilities and Net Assets / Fund Balance$42,389,474$58,343,027▲ $15,953,553

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$266,772$896,200$1,162,972
Other Land Buildings$0$670,751$670,751
Leasehold Improvements$11,819$393,964$405,783
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Anne EvensCEO & PresidentFT$240,570$58,753$299,323
Antonia OrnelasChief Program OfficerFT$193,815$43,484$237,299
Lindy LoyetChief Financial OfficerFT$199,392$34,922$234,314
Abigail CorsoChief Strategy OfficerFT$198,619$35,319$233,938
Delmar GillusChief Operating OfficerFT$188,750$45,163$233,913
Rebecca Turner BucklandChief People OfficerFT$199,612$33,506$233,118

Board Members and Trustees

NameTitle
John ClevelandChair
David ShryockTreasurer & Vice Chair
Carlos MartinDirector
Chinwe OnyeagoroDirector
Jennifer TescherDirector
Kimberly LewisDirector
Leah TurnbullDirector
Margaret O'DellDirector
Robert WeissbourdDirector
Scott BernsteinDirector
Susan EstesDirector
Denise FairchildDirector (end 12/9/24)
Edgar RamirezDirector (end 7/12/24)

Highest Paid Contractors

ContractorServicesLocationCompensation
Nick & Eddie ConstructionConstruction services4314 166th St, Oak Forest, IL 60452$2,972,957
Primera Engineers LtdConsulting Services550 W Jackson Blvd, Chicago, IL 60661$1,575,462
Ed Weathersby and Sons PlumbingConstruction Services296 Geneva Dr, Harvey, IL 60426$930,674
America Environmental ConstructionConstruction servicesPO Box 9188, Chicago, IL 60609$911,275
My Green House HVACConstruction services294 Washington St, Boston, MA 02108$789,323
Revenue and Support

Revenue Composition

Contributions and Grants
$49,042,868
Program Service Revenue
$11,049,919
Investment Income
$798,224
Other Revenue
$24,190
All Other Contributions
$35,076,444
Change in Net Assets
$3,036,996

Audited Revenue Reconciliation

Revenue per Audited Statements
$60,871,462
Revenue Not Reported on Financial Statements
$43,739
Revenue Not Reported on Form 990
$354,688
Total Revenue per Audited Statements
$61,226,150
Total Revenue per Form 990
$60,915,201
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$29,816,161
Other Expenses$24,784,700
Grants and Similar Amounts Paid$3,277,344
Total Fundraising Expense$1,348,598
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$17,404,885$5,560,119$976,956$23,941,960
Fees for Services Other$18,920,981$312,045$4,237$19,237,263
Grants to Domestic Orgs$3,277,344--$3,277,344
Other Employee Benefits$2,298,039$746,258$128,914$3,173,211
Payroll Taxes$1,343,899$436,413$75,387$1,855,699
Information Technology$627,371$280,874$7,439$915,684
Office Expenses$646,637$152,406$13,583$812,626
Occupancy$566,017$137,355$27,577$730,949
Travel$394,673$150,256$21,058$565,987
Pension Plan Contributions$257,390$83,584$14,439$355,413
Current Officers, Directors, Trustees, and Key Employees$216,809$70,389$12,125$299,323
Comp Disqual Persons$75,805$114,750-$190,555
Other Expenses$330,286$182,228$47,861$182,228
All Other Expenses$94,353$61,624$5,558$161,535
Insurance$106,069$32,325$5,928$144,322
Depreciation Depletion$105,273$21,125$5,429$131,827
Advertising$73,780$49,682$2,107$125,569
Fees for Service Investment Mgmnt Fees-$58,770-$58,770
Fees for Services Accounting-$56,133-$56,133
Fees for Services Lobbying$55,000--$55,000
Fees for Services Legal$3,000$2,944-$5,944
Interest-$1,288-$1,288
Total Functional Expenses$47,541,612$8,987,995$1,348,598$57,878,205

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$57,878,205
Expenses per Audited Statements$57,834,466
Total Expenses per Audited Statements$57,834,466
Expenses Not Reported on Financial Statements$43,739
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
New Ecology IncBoston, MA-National Market Expansion$1,021,335
Eastside Community NetworkDetroit, MI-Program Services$277,200
Usgbc-illinois ChapterChicago, IL-Program Services$226,197
Solutions Project IncOakland, CA-Program Services$200,000
Bickerdike Redevelopment CenterChicago, IL-Program Services$160,000
Community Health NFPChicago, IL-Program Services$155,499
Slipstream Group IncMadison, WI-Energy Planning$90,000
Business Services Collective NFPChicago, IL-Program Services$85,000
Polar Bear Sustainable Energy Co-OpHighland Park, MI-Program Services$75,000
Walnut Way Conservation CorpMilwaukee, WI-Building Electrification$65,000
Sustainable Options for Urban Living IncDolton, IL-Program Services$55,000
CommonWealth Development IncMadison, WI-Building Electrification$48,532
Architectural Salvage Warehouse of DetroitDetroit, MI-Program Services$25,000
Avalon Village IncHighland Park, MI-Program Services$25,000
BASS IncHighland Park, MI-Program Services$25,000
Benton Harbor Community Development CorporationBenton Harbor, MI-Program Services$25,000
Cody Rouge Community Action AllianceDetroit, MI-Program Services$25,000
Concerned Residents for South DearbornDearborn, MI-Program Services$25,000
Detroit Black Community Food Sovereignty NetworkDetroit, MI-Program Services$25,000
Detroit Justice CenterDetroit, MI-Program Services$25,000
Dream of DetroitDetroit, MI-Program Services$25,000
Four County Community FoundationRomeo, MI-Program Services$25,000
Friends of Rouge ParkDetroit, MI-Program Services$25,000
Great Lakes Aquatic Habitat Network & Fund IncPetoskey, MI-Program Services$25,000
Growing HopeYpsilanti, MI-Program Services$25,000
Hispanic Center of Western MichiganGrand Rapids, MI-Program Services$25,000
Ho-Chunk Housing and Community Development AgencyTomah, WI-Energy Planning$25,000
Inter-Tribal Council of Michigan IncSault Ste Marie, MI-Program Services$25,000
Keweenaw Community FoundationHancock, MI-Program Services$25,000
Lac Vieux Desert Band of Lake Superior ChippewayWatersmeet, MI-Energy Planning$25,000
Lac du Flambeau Chippewa HaLac Du Flambeau, WI-Energy Planning$25,000
Michigan Health Improvement Alliance IncFreeland, MI-Program Services$25,000
New Leaf DetroitAnn Arbor, MI-Program Services$25,000
One Love Global IncLansing, MI-Program Services$25,000
Red Cliff ChippewaBayfield, WI-Energy Planning$25,000
SW Detroit Enviornmental Vision ProjectDetroit, MI-Program Services$25,000
SoulardarityHighland Park, MI-Program Services$25,000
Urban Development CorporationDetroit, MI-Program Services$25,000
Washington Heights United Methodist Church and ComBattle Creek, MI-Program Services$25,000
We Want Green TooDetroit, MI-Program Services$25,000
Wisconsin Housing Preservation CorpMadison, WI-Building Electrification$25,000
Young Gifted & GreenMemphis, TN-Program Services$25,000
Great Lakes Indian Housing AssociationRed Lake, MN-Energy Planning$20,000
Urban Core CollectiveGrand Rapids, MI-Program Services$18,614
Sustain DaneMadison, WI-Program Services$15,000
Illinois Finance AuthorityChicago, IL-Program Services$5,455
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
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Leslie HendrenSister of CFO, Lindy LoyetLeslie Hendren, sister of CFO Lindy Loyet, is the organization's Benefits and Payroll Lead. She is a salaried employee.No$114,750
Liam DraperSon of CEO, Anne Evens.Liam Draper (Associate, Programs), son of CEO Anne Evens. He is a salaried employeeNo$52,363
Mark DunnHusband of CEO, Anne EvensMark Dunn, husband of CEO Anne Evens, is the organization's Chief of Construction. He is a salaried employee.No$23,442
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable advances$17,606,623
Operating lease liability, net of current$1,066,654
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

The 990 is reviewed by the CFO along with the CEO. A copy is then provided to the full board for a final review and approval.

Form 990, Part VI, Section B, line 12C

The Board reaffirms the Organization's conflict of interest policy annually when each member completes a conflict of interest disclosure form.

Form 990, Part VI, Section B, line 15

An annual review of the Chief Executive Officer is performed by the independent officers of the board. The chairperson of the board provides a report to the Executive Committee to substantiate compensation, duties and goals for the coming year. The Chief Executive Officer conducts the annual performance review for all other officers and key employees.

Form 990, Part VI, Section C, line 19

The Organization makes its governing documents, conflict of interest policy and financial statements available upon request.

Filing and Contact Details

Filer

Filer Name
Elevate Energy
EIN
36-4443093
Phone
7732694037
Address
322 S Green Street 300, Chicago, IL 60607

Signing Officer

Name
Anne Evens
Title
Chief Executive Officer
Phone
7732694037
Signed
2025-10-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anne Evens
Formed
2001
Legal Domicile
Il
Voting Board Members
12
Independent Board Members
11
Employees
317
Volunteers
11

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S Western Ave, Chicago, IL 60643
Preparer
Mel Padillo
Phone
7737794720
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Construction Services: Program service expenses 12,038,927. Management and general expenses 0. Fundraising expenses 0. Total expenses 12,038,927. Professional Services: Program service expenses 6,882,054. Management and general expenses 312,045. Fundraising expenses 4,237. Total expenses 7,198,336.

Form 990, Part XII, line 2C:

The process has not changed from the prior year.

Financial Statement Notes

Part X, Line 2:

FIN 48 Note from Audited Financial Statements Elevate Energy maintains an exemption from federal income taxes with the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3). The Organization qualifies for the charitable contribution deduction under Section 170(b)(1)(A)(vi) and has been classified as an organization that is not a private foundation under Section 509(a)(1). The tax-exempt purpose of the Organization and the nature in which it operates is described above. The Organization continues to operate in compliance with its tax-exempt purpose. The Organization's annual information and income tax returns filed with the federal and state governments are subject to examination by the IRS, generally for three years after they have been filed. The Organization has adopted the requirements for accounting for uncertain tax positions and management has determined that the Organization was not required to record a liability related to uncertain tax positions as of December 31, 2024 and 2023.

Raw XML AppendixShowing 400 of 1,187 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/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3America Environmental Construction
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4My Green House HVAC
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IRS990/ContractorCompensationGrp/ServicesDesc1Consulting Services
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IRS990/Desc0Elevate Energy provides economic, future-focused energy and water solutions by improving efficiencies. It administers residential hourly electricity pricing programs, delivers energy and water efficiency retrofits in residential and nonprofit buildings, and provides energy planning and data analysis services. Consumers gain access to education and programs that help them manage energy and water costs and make housing costs more affordable. Elevate Energy programs create jobs, save energy and water, keep communities healthy and improve the economy.
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IRS990/Form990PartVIISectionAGrp/PersonNm16Delmar Gillus
IRS990/Form990PartVIISectionAGrp/PersonNm17Lindy Loyet
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IRS990/Form990PartVIISectionAGrp/TitleTxt0CEO & President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Treasurer & Vice Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt2Chair
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
IRS990/Form990PartVIISectionAGrp/TitleTxt4Director (end 7/12/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Director
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director (end 12/9/24)
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IRS990/Form990PartVIISectionAGrp/TitleTxt13Director
IRS990/Form990PartVIISectionAGrp/TitleTxt14Chief Strategy Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt15Chief Program Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt16Chief Operating Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt17Chief Financial Officer
IRS990/Form990PartVIISectionAGrp/TitleTxt18Chief People Officer
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IRS990/MissionDesc0Elevate Energy promotes and expands access to future-focused energy and water solutions. Elevate Energy designs and implements programs that reduce costs, create jobs, and ensure the benefits of efficient energy and water use reach those who need them most.
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