Civic Intelligence

Energy Center of Wi Inc

990 • Fiscal year 2014 • EIN 39-1656021

Jul 01, 2013 to Jun 30, 2014 • Filed on Sep 25, 2014

749 University Row No 320Madison, WI 53705

(608) 238-4601

Siviq Scores

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

Liabilities / Assets

64th percentile

0.36x

Higher debt load relative to assets than 64% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Liabilities / Revenue

52nd percentile

0.20x

Higher debt load relative to revenue than 52% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Net Margin

43rd percentile

1.0%

Higher net margin than 43% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2014

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2014

Asset Growth

52nd percentile

3.2%

Faster asset growth than 52% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2013 to 2014

Revenue Growth

35th percentile

-0.3%

Faster revenue growth than 35% of similar nonprofits.

2014 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2012 to 2014

Assets

Up

$3,374,406

Up $103,531 (+3.2%) from 2013

Net Assets

Up

$2,173,111

Up $61,223 (+2.9%) from 2013

Liabilities

Up

$1,201,295

Up $42,308 (+3.7%) from 2013

Revenue

Down

$5,903,200

Down $948,694 (-14%) from 2013

Expenses

Down

$5,841,977

Down $568,796 (-8.9%) from 2013

Net Income

Down

$61,223

Down $379,898 (-86%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2012: $2,662,316Liabilities 2012: $991,549Net Assets 2012: $1,670,7672012Assets 2013: $3,270,875Liabilities 2013: $1,158,987Net Assets 2013: $2,111,8882013Assets 2014: $3,374,406Liabilities 2014: $1,201,295Net Assets 2014: $2,173,1112014Assets 2015: $4,259,662Liabilities 2015: $2,001,821Net Assets 2015: $2,257,8412015Assets 2016: $3,474,813Liabilities 2016: $1,297,925Net Assets 2016: $2,176,8882016Assets 2017: $4,195,176Liabilities 2017: $1,888,049Net Assets 2017: $2,307,1272017Assets 2018: $4,517,235Liabilities 2018: $2,045,134Net Assets 2018: $2,472,1012018

Highlighted filing

2014

Assets$3,374,406
Liabilities$1,201,295
Net Assets$2,173,111

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2012: $5,942,605Expenses 2012: $6,003,719Net Income 2012: -$61,1142012Revenue 2013: $6,851,894Expenses 2013: $6,410,773Net Income 2013: $441,1212013Revenue 2014: $5,903,200Expenses 2014: $5,841,977Net Income 2014: $61,2232014Revenue 2015: $6,588,016Expenses 2015: $6,503,285Net Income 2015: $84,7312015Revenue 2016: $6,526,625Expenses 2016: $6,607,578Net Income 2016: -$80,9532016Revenue 2017: $6,695,192Expenses 2017: $6,564,953Net Income 2017: $130,2392017Revenue 2018: $8,468,595Expenses 2018: $8,303,621Net Income 2018: $164,9742018

Highlighted filing

2014

Revenue$5,903,200
Expenses$5,841,977
Net Income$61,223
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Sep 25, 2014
Return Version
2013v3.0
Gross Receipts
$5,903,200
Mission and Program Overview

Mission

Seventhwave inspires real and lasting change that advances economic and environmental sustainability.

To conduct research and provide professional education on energy and energy efficiency issues.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,434,931$1,429,082▼ $5,849
Pledges and Grants Receivable$1,187,117$894,544▼ $292,573
Land, Buildings, and Equipment, Net$186,597$530,921▲ $344,324
Savings and Temporary Cash Investments$444,329$445,344▲ $1,015
Prepaid Expenses and Deferred Charges$17,901$74,515▲ $56,614
Total Assets$3,270,875$3,374,406▲ $103,531
Liabilities
Accounts Payable and Accrued Expenses$551,531$540,516▼ $11,015
Deferred Revenue$607,456$517,072▼ $90,384
Mortgage Notes Payable Secured by Investment Property-$143,707-
Total Liabilities$1,158,987$1,201,295▲ $42,308
Net Assets / Fund Balance
Unrestricted Net Assets$2,111,888$2,172,231▲ $60,343
Temporarily Rstr Net Assets-$880-
Total Net Assets Fund Balance$2,111,888$2,173,111▲ $61,223
Total Liabilities and Net Assets / Fund Balance$3,270,875$3,374,406▲ $103,531

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$343,002$24,516$367,518
Equipment$86,185$223,566$309,751
Other Land Buildings$101,734$35,910$137,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Frank GrebPresidentFT$159,077$59,370$218,447
Marge AndersonExecutive Vice PresidentFT$139,337$62,513$201,850
Lee DebailliePrincipal Project ManagerFT$109,664$20,831$130,495
Doug AhlTechnical DirectorFT$109,481$20,082$129,563
Scott PiggPrincipal Project ManagerFT$104,888$20,520$125,408
Steve KihmResearch DirectorFT$109,857$11,581$121,438

Board Members and Trustees

NameTitle
Laura WilliamsChair/director
Bill OemichenVice Chair/director
Barbara NickDirector
Chris SchoenherrDirector
David DonovanDirector
Eric LawsonDirector
Gerald KulcinskiDirector
Michelle MattsonDirector
Nancy FrankDirector
Rj PirlotDirector
Terry NicolaiDirector
Tom PaqueDirector
Keith ReopelleSecretary/director
John WilsonTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$2,818,904
Program Service Revenue
$3,083,194
Investment Income
$1,102
Other Revenue
$0
All Other Contributions
$1,619,431
Change in Net Assets
$61,223

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,902,320
Revenue Not Reported on Financial Statements
$880
Revenue Not Reported on Form 990
$0
Other Revenue Adjustments
$880
Total Revenue per Audited Statements
$5,902,320
Total Revenue per Form 990
$5,903,200
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,296,138
Other Expenses$1,545,839
Total Fundraising Expense$366,270
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,555,338$955,440$196,359$2,707,137
Other Employee Benefits$384,792$332,549$56,075$773,416
Current Officers, Directors, Trustees, and Key Employees$28,370$300,247$34,432$363,049
Occupancy$166,610$127,446$24,561$318,617
Conferences and Meetings$266,605$11,175$2,784$280,564
Payroll Taxes$134,906$116,589$19,660$271,155
Pension Plan Contributions$90,241$77,989$13,151$181,381
Travel$74,561$55,775$6,733$137,069
Office Expenses$71,006$45,304-$116,310
Other Expenses$31,603$77,503$951$110,057
Depreciation Depletion$48,458$37,347$6,864$92,669
Information Technology$2,433$65,963$1,782$70,178
Fees for Services Accounting-$39,140-$39,140
Insurance$20,362$15,693$2,884$38,939
Fees for Services Management-$32,480-$32,480
Advertising$5,335$18,926$34$24,295
Fees for Services Legal-$2,880-$2,880
Fees for Services Other-$204-$204
Total Functional Expenses$3,135,453$2,340,254$366,270$5,841,977

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$5,841,977
Total Expenses per Audited Statements$5,841,977
Total Expenses per Form 990$5,841,977
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
Lobbying activity
No
Subject to proxy tax
No
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 family members
No
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
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

The organization contracts with a sole-proprietor for certain cfo related functions. The contractor reviews monthly bank reconciliations, the general ledger workpapers and close, and monthly financial statements. He is also involved in annual and periodic budgeting and forecasting; and provided guidance as needed to the accounting department and organization on gaap, operational and performance reporting issues. The contractor is not authorized to either approve transactions or sign for disbursements, but has signed representation letters to auditors.

Form 990, Part VI, Section A, Line 6

The organization currently has 8 utilities who are "members". However, their annual dues are applied to projects and research. Members do not elect directors. A board development committee recommends new board members for approval by the board.

Form 990, Part VI, Section B, Line 11

A draft of the 990 was sent out to the board for review and the 990 was discussed at a board meeting.

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

All the board members sign conflict of interest statements annually that are reviewed by the board.

Form 990, Part VI, Section B, Line 15

The president has a written contract. The compensation committee reviews and establishes compensation for the president. Management uses a compensation survey every three years for review of compensation of 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

EIN
39-1656021
Phone
6082384601

Signing Officer

Name
Frank Greb
Title
President
Phone
6082384601
Signed
2014-09-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Frank Greb
Formed
1989
Legal Domicile
Wi
Voting Board Members
14
Independent Board Members
14
Employees
51
Volunteers
14

Preparer

Preparer
Troy E Marine CPA
Phone
4147775500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The organization has not changed its processes from the prior year.

Financial Statement Notes

PART X, LINE 2:

The corporation has adopted the provisions of fasb asc 740-10-25, which requires that a tax position be recognized or derecognized based on a "more likely than not" threshold. This applies to positions taken or expected to be taken in a tax return. The corporation does not believe its financial statements include any uncertain tax positions. The corporation files form 990 in the u.s. Federal jurisdiction and the state of wisconsin. With few exceptions, the corporation is no longer subject to examination by the internal revenue service for years before 2011.

PART XI, LINE 4B - OTHER ADJUSTMENTS:

Decrease in temporarily restricted assets 880.

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IRS990/Form990PartVIISectionAGrp/TitleTxt16TECHNICAL DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRINCIPAL PROJECT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt18RESEARCH DIRECTOR
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IRS990/MissionDesc0THE ENERGY CENTER PROMOTES SUSTAINABILITY THROUGH RESEARCH, EDUCATION, DEMONSTRATION AND HANDS-ON WORK IN BUILDINGS NATIONWIDE. SERVICES INCLUDE ENERGY DESIGN CONSULTING AND FIELD RESEARCH TO IMPROVE THE PERFORMANCE OF NEW AND EXISTING BUILDINGS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0FIELD RESEARCH - WE USE FIELD MONITORING AND ANALYSIS TO DISCOVER WHAT'S ACTUALLY HAPPENING IN HOMES AND FACILITIES, LEARN HOW CUSTOMERS REALLY INTERACT WITH TECHNOLOGY, AND PREDICT WHAT SAVINGS A UTILITY OR STATE PROGRAM CAN COUNT ON. IN ADDITION TO WORK FOR UTILITY EFFICIENCY PROGRAMS, WE WORK FREQUENTLY WITH NATIONAL LABORATORIES, PRIVATE MANUFACTURERS, STATE AND MUNICIPAL AGENCIES, AND THE DEPARTMENT OF ENERGY. THE ENERGY CENTER BEGAN CONDUCTING FIELD RESEARCH FOR THE STATE OF MINNESOTA TO HELP UTILITY CONSERVATION IMPROVEMENT PROGRAMS ACHIEVE ENERGY SAVINGS GOALS. WE ARE MONITORING AND TESTING INSTALLED TECHNOLOGIES TO FIND WAYS TO IMPROVE OPERATIONAL EFFICIENCY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0EDUCATION - FOR MORE THAN A DECADE, THE ENERGY CENTER HAS DEVELOPED AND DELIVERED AWARD WINNING PROFESSIONAL CONTINUING EDUCATION THROUGH ENERGY CENTER UNIVERSITY TO SEVERAL THOUSAND ENERGY AND BUILDING PROFESSIONALS EACH YEAR. ENERGY CENTER UNIVERSITY PROVIDES CLASSROOM AND DIGITAL COURSES ACCREDITED BY MORE THAN A DOZEN AGENCIES; MAINTAINS A LEARNING MANAGEMENT SYSTEM; AND CONVENES TWO CONFERENCES ANNUALLY - ONE IN WISCONSIN AND ONE IN ILLINOIS - TO PROMOTE BEST PRACTICES IN RESIDENTIAL ENERGY EFFICIENCY. THIS YEAR, THE ENVIRONMENTAL DEFENSE FUND ENGAGED THE ENERGY CENTER TO DESIGN AND FACILITATE A FIVE-DAY BOOT CAMP FOR THEIR CLIMATE CORPS PROGRAM, AN INITIATIVE THAT PLACES MBA STUDENTS IN HOST ORGANIZATIONS TO IDENTIFY ENERGY-SAVING OPPORTUNITIES.
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