Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
EIN 45-3631792 • 501(c)6 • Lansing, MI
Profile
The mission of the corporation is to grow michigan's advanced energy economy by fostering opportunities for innovation and business growth and offering a unified voice in creating a business-friendly environment for the advanced energy industry in michigan.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
44th percentile
Higher debt load relative to assets than 44% of similar nonprofits.
Liabilities / Revenue
53rd percentile
Higher debt load relative to revenue than 53% of similar nonprofits.
Net Margin
93rd percentile
Higher net margin than 93% of similar nonprofits.
Top Officer Pay
52nd percentile
Higher top officer pay than 52% of similar nonprofits.
Top officer pay equals 16.4% of source-year revenue.
Asset Growth
91st percentile
Faster asset growth than 91% of similar nonprofits.
Revenue Growth
23rd percentile
Faster revenue growth than 23% of similar nonprofits.
Assets
Up$1,507,011
Up $381,485 (+34%) from 2023
Liabilities
Up$165,765
Up $71,466 (+76%) from 2023
Net Assets
Up$1,341,246
Up $310,019 (+30%) from 2023
Revenue
Down$885,860
Down $37,286 (-4.0%) from 2023
Expenses
Down$575,841
Down $12,649 (-2.1%) from 2023
Net Income
Down$310,019
Down $24,637 (-7.4%) from 2023
Most recent year
2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
The mission of the corporation is to grow michigan's advanced energy economy by fostering opportunities for innovation and business growth and offering a unified voice in creating a business-friendly environment for the advanced energy industry in michigan.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $928,696 | $1,258,123 | ▲ $329,427 |
| Cash and Non-Interest-Bearing Accounts | $138,803 | $128,830 | ▼ $9,973 |
| Accounts Receivable | $54,777 | $118,863 | ▲ $64,086 |
| Prepaid Expenses and Deferred Charges | $3,250 | $1,195 | ▼ $2,055 |
| Total Assets | $1,125,526 | $1,507,011 | ▲ $381,485 |
| Liabilities | |||
| Deferred Revenue | $28,900 | $109,050 | ▲ $80,150 |
| Accounts Payable and Accrued Expenses | $65,399 | $56,715 | ▼ $8,684 |
| Total Liabilities | $94,299 | $165,765 | ▲ $71,466 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,031,227 | $1,341,246 | ▲ $310,019 |
| Total Net Assets Fund Balance | $1,031,227 | $1,341,246 | ▲ $310,019 |
| Total Liabilities and Net Assets / Fund Balance | $1,125,526 | $1,507,011 | ▲ $381,485 |
| Name | Title | Full / Part Time | Other | Total |
|---|---|---|---|---|
| Laura Sherman | President | PT | $144,937 | $144,937 |
| Name | Title |
|---|---|
| Lauren Bigelow | Board Chair |
| Amy Heart | Board Member |
| Anand Gangadharan | Board Member |
| Brian Pageau | Board Member |
| Carla Walker-miller | Board Member |
| Danielle Changala | Board Member |
| Kwafo Adarkwa | Board Member |
| Max Schuster | Board Member |
| Scott Viciana | Board Member |
| Erin Kricher | Borad Member |
| Bruce Goodman | Secretary |
| KEVIN O'CONNELL | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $575,841 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Fees for Services Other | - | - | - | $326,895 |
| Conferences and Meetings | - | - | - | $96,847 |
| Fees for Services Lobbying | - | - | - | $60,813 |
| Fees for Services Management | - | - | - | $43,437 |
| Fees for Services Accounting | - | - | - | $17,075 |
| Office Expenses | - | - | - | $11,580 |
| Occupancy | - | - | - | $6,289 |
| Travel | - | - | - | $6,250 |
| Other Expenses | - | - | - | $4,044 |
| Information Technology | - | - | - | $1,817 |
| Insurance | - | - | - | $694 |
| Advertising | - | - | - | $100 |
| Total Functional Expenses | $0 | $0 | $0 | $575,841 |
| Line Item | Amount |
|---|---|
| Fundraising Direct Expenses | $47,604 |
| Fundraising Gross Income | $21,573 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Annual Gala | $21,573 | $21,573 | $16,677 | $4,896 |
| Total Events | $21,573 | $21,573 | $47,604 | $-26,031 |
| Line Item | Amount |
|---|---|
| Current Year Nondeductible Lobbying and Political Cost | $60,813 |
| Total Nondeductible Lobbying and Political Cost | $60,813 |
“Michigan eibc members meet annually to elect board members.”
“Board members received a copy of the 990 prior to filing of the form.”
“The organization's conflict of interest policy is set forth in the bylaws. The policy requires an interested director to disclose the conflict of interest, and to recuse himself or herself from at least part of the discussion, and from the vote on the conflicted matter.the policy further requires that the recusal be reflected in the minutes of the meeting.”
“Energy innovation business council's governing documents and financial statements are made available upon request of the public.”
“The mission of the corporation is to grow michigan's advanced energy economy by fostering opportunities for innovation and business growth and offering a unified voice in creating a business-friendly environment for the advanced energy industry in michigan.”
“Shared salary costs 326,895 0 0”
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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| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
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| IRS990ScheduleC/AgreeCarryoverPriorYearInd | 0 | false |
| IRS990ScheduleC/DuesAssessmentsAmt | 0 | 530955 |
| IRS990ScheduleC/NonDeductibleLbbyngPltclCYAmt | 0 | 60813 |
| IRS990ScheduleC/NonDeductibleLbbyngPltclTotAmt | 0 | 60813 |
| IRS990ScheduleC/OnlyInHouseLobbyingInd | 0 | false |
| IRS990ScheduleC/SubstantiallyAllDuesNondedInd | 0 | false |
| IRS990ScheduleC/TaxableAmt | 0 | -18830 |
| IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt | 0 | 47604 |
| IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm | 0 | ANNUAL GALA |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt | 0 | 23595 |
| IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt | 0 | 23595 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt | 0 | 21573 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt | 0 | 21573 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt | 0 | 21573 |
| IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt | 0 | 21573 |
| IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt | 0 | -26031 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt | 0 | 16677 |
| IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt | 0 | 16677 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt | 0 | 7332 |
| IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt | 0 | 7332 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE MISSION OF THE CORPORATION IS TO GROW MICHIGAN'S ADVANCED ENERGY ECONOMY BY FOSTERING OPPORTUNITIES FOR INNOVATION AND BUSINESS GROWTH AND OFFERING A UNIFIED VOICE IN CREATING A BUSINESS-FRIENDLY ENVIRONMENT FOR THE ADVANCED ENERGY INDUSTRY IN MICHIGAN. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | MICHIGAN EIBC MEMBERS MEET ANNUALLY TO ELECT BOARD MEMBERS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | BOARD MEMBERS RECEIVED A COPY OF THE 990 PRIOR TO FILING OF THE FORM. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS SET FORTH IN THE BYLAWS. THE POLICY REQUIRES AN INTERESTED DIRECTOR TO DISCLOSE THE CONFLICT OF INTEREST, AND TO RECUSE HIMSELF OR HERSELF FROM AT LEAST PART OF THE DISCUSSION, AND FROM THE VOTE ON THE CONFLICTED MATTER.THE POLICY FURTHER REQUIRES THAT THE RECUSAL BE REFLECTED IN THE MINUTES OF THE MEETING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ENERGY INNOVATION BUSINESS COUNCIL'S GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST OF THE PUBLIC. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | SHARED SALARY COSTS 326,895 0 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 7A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 11B |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PAGE 6, PART VI, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PART IX, LINE 11G |
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| IRS990ScheduleR/AssetPurchaseFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/AssetSaleToOtherOrgInd | 0 | false |
| IRS990ScheduleR/DivRelatedOrganizationInd | 0 | false |
| IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd | 0 | false |
| IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd | 0 | false |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt | 0 | NA |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt | 0 | INSTITUTE FOR ENERGY INNOVATION - |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt | 0 | 45-4452585 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501C 3 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MI |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | EDUCATION |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt | 0 | 2 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt | 0 | 115 W ALLEGAN SUITE 710 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm | 0 | LANSING |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd | 0 | 48933 |
| IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd | 0 | false |
| IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd | 0 | false |
| IRS990ScheduleR/PaidEmployeesSharingInd | 0 | true |
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| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | true |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | true |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
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| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | true |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 351164 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | AMOUNT PAID |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | INSTITUTE OF ENERGY INNOVATION |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | P |
| IRS990ScheduleR/TransferFromOtherOrgInd | 0 | false |
| IRS990ScheduleR/TransferToOtherOrgInd | 0 | false |
| IRS990/SchoolOperatingInd | 0 | false |
| IRS990/SignificantChangeInd | 0 | false |
| IRS990/SignificantNewProgramSrvcInd | 0 | false |
| IRS990/StatesWhereCopyOfReturnIsFldCd | 0 | MI |
| IRS990/SubjectToExcsTaxNetInvstIncInd | 0 | false |
| IRS990/SubjectToProxyTaxInd | 0 | true |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
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| IRS990/TotalAssetsGrp/EOYAmt | 0 | 1507011 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 580955 |
| IRS990/TotalEmployeeCnt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 0 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 575841 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 94299 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 165765 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 94299 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 165765 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 1031227 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 1341246 |
| IRS990/TotalOtherCompensationAmt | 0 | 15207 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 280659 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 330936 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 885860 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 1125526 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt | 0 | 1507011 |
| IRS990/TotReportableCompRltdOrgAmt | 0 | 129730 |
| IRS990/TravelGrp/TotalAmt | 0 | 6250 |
| IRS990/TypeOfOrganizationOtherInd | 0 | X |
| IRS990/UnrelatedBusIncmOverLimitInd | 0 | false |
| IRS990/UponRequestInd | 0 | X |
| IRS990/USAddress/AddressLine1Txt | 0 | 115 W ALLEGAN STE 710 |
| IRS990/USAddress/CityNm | 0 | LANSING |
| IRS990/USAddress/StateAbbreviationCd | 0 | MI |
| IRS990/USAddress/ZIPCd | 0 | 489331619 |
| IRS990/VotingMembersGoverningBodyCnt | 0 | 12 |
| IRS990/VotingMembersIndependentCnt | 0 | 12 |
| IRS990/WebsiteAddressTxt | 0 | MIEIBC.ORG |
| IRS990/WhistleblowerPolicyInd | 0 | false |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LAURA SHERMAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 6075923026 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-09-04 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | ENERGY INNOVATION BUSINESS COUNCIL |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | ENER |
| ReturnHeader/Filer/EIN | 0 | 453631792 |
| ReturnHeader/Filer/PhoneNum | 0 | 6075923026 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 115 W ALLEGAN STE 710 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | LANSING |
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