Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
EIN 45-4458585 • 501(c)3 • Lansing, MI
Profile
The mission of the corporation is to promote greater public understanding of advanced energy and its economic potential for michigan and to inform the public and policy discussion on michigan's energy challenges and opportunities.
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
Liabilities / Assets
56th percentile
Higher debt load relative to assets than 56% of similar nonprofits.
Liabilities / Revenue
47th percentile
Higher debt load relative to revenue than 47% of similar nonprofits.
Net Margin
67th percentile
Higher net margin than 67% of similar nonprofits.
Top Officer Pay
Score unavailable
No filing with officer rows is available for this organization yet.
Asset Growth
89th percentile
Faster asset growth than 89% of similar nonprofits.
Revenue Growth
84th percentile
Faster revenue growth than 84% of similar nonprofits.
Assets
Up$864,597
Up $257,831 (+42%) from 2023
Liabilities
Up$87,476
Up $65,607 (+300%) from 2023
Net Assets
Up$777,121
Up $192,224 (+33%) from 2023
Revenue
Up$1,321,756
Up $421,968 (+47%) from 2023
Expenses
Up$1,129,532
Up $359,713 (+47%) from 2023
Net Income
Up$192,224
Up $62,255 (+48%) from 2023
Most recent year
2024 • Form 990Detailed filing. Detailed filing data is available for this year.
To educate and engage decision makers and the public about what's happening in the advanced energy sector currently; tie the conversation on advanced and renewable energy back to jobs and economic deevelopment for our state; and promote entrepreneurship and innovation to accelerate the growth of advanced energy in michigan.
The mission of the corporation is to promote greater public understanding of advanced energy and its economic potential for michigan and to inform the public and policy discussion on michigan's energy challenges and opportunities.
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $460,275 | $673,493 | ▲ $213,218 |
| Cash and Non-Interest-Bearing Accounts | $78,159 | $115,676 | ▲ $37,517 |
| Accounts Receivable | $68,332 | $61,741 | ▼ $6,591 |
| Prepaid Expenses and Deferred Charges | - | $13,687 | - |
| Total Assets | $606,766 | $864,597 | ▲ $257,831 |
| Liabilities | |||
| Accounts Payable and Accrued Expenses | $21,869 | $87,476 | ▲ $65,607 |
| Total Liabilities | $21,869 | $87,476 | ▲ $65,607 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $584,897 | $612,121 | ▲ $27,224 |
| Net Assets With Donor Restrictions | - | $165,000 | - |
| Total Net Assets Fund Balance | $584,897 | $777,121 | ▲ $192,224 |
| Total Liabilities and Net Assets / Fund Balance | $606,766 | $864,597 | ▲ $257,831 |
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Laura Sherman | President | PT | $129,730 | $15,207 | $144,937 |
| Name | Title |
|---|---|
| Lauren Bigelow | Board Chair |
| Annick Anctil | Director |
| Glenn Stevens Jr | Director |
| Jim Saber | Director |
| Keith Cooley | Director |
| Lauren Reeg | Director |
| Tanya Paslawski | Director |
| Bruce Goodman | Secretary |
| Line Item | Amount |
|---|---|
| Salaries, Compensation, and Employee Benefits | $659,258 |
| Other Expenses | $470,274 |
| Total Fundraising Expense | $93,742 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Other Salaries and Wages | $330,319 | $42,528 | $52,432 | $425,279 |
| Fees for Services Other | $357,366 | $50,050 | - | $407,416 |
| Current Officers, Directors, Trustees, and Key Employees | $72,468 | $43,481 | $28,988 | $144,937 |
| Payroll Taxes | $31,020 | $6,237 | $6,057 | $43,314 |
| Other Employee Benefits | $26,269 | $3,463 | $4,896 | $34,628 |
| Conferences and Meetings | - | $20,749 | - | $20,749 |
| Office Expenses | $73 | $17,838 | - | $17,911 |
| Fees for Services Accounting | - | $16,259 | - | $16,259 |
| Pension Plan Contributions | $8,621 | $1,110 | $1,369 | $11,100 |
| Travel | $1,475 | $2,109 | - | $3,584 |
| Other Expenses | $3,281 | $181 | - | $3,462 |
| Insurance | - | $893 | - | $893 |
| Total Functional Expenses | $830,892 | $204,898 | $93,742 | $1,129,532 |
| Line Item | Amount |
|---|---|
| Expenses per Audited Statements | $1,129,532 |
| Total Expenses per Audited Statements | $1,129,532 |
| Total Expenses per Form 990 | $1,129,532 |
| Line Item | Amount |
|---|---|
| Professional Fundraising Fees | $0 |
“The corporation has an executive committee.”
“The board reviews the form prior to filing.”
“The organization's conflict of interest policy is set forth in section 2.10 of its 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.”
“The compensation of the organization's president is determined and approved by the board of directors.”
“AVAILABLE UPON REQUEST”
“The mission of the corporation is to promote greater public understanding of advanced energy and its economic potential for michigan and to inform the public and policy discussion on michigan's energy challenges and opportunities.”
“357,366 50,050 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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| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 381823 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 339168 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 396422 |
| IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 140565 |
| IRS990ScheduleA/OtherIncome170Grp/TotalAmt | 0 | 1584873 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.61150 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.58840 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 2781303 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 159026 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 971643 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 517744 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 418000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 634853 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 398089 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 2940329 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 4548694 |
| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| 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 |
| IRS990/ScheduleBRequiredInd | 0 | true |
| IRS990ScheduleC/DirectContactLegislatorsAmt | 0 | 24295 |
| IRS990ScheduleC/DirectContactLegislatorsInd | 0 | true |
| IRS990ScheduleC/GrantsOtherOrganizationsInd | 0 | false |
| IRS990ScheduleC/MailingsMembersInd | 0 | false |
| IRS990ScheduleC/MediaAdvertisementsInd | 0 | false |
| IRS990ScheduleC/NotDescribedSection501c3Ind | 0 | false |
| IRS990ScheduleC/OtherActivitiesInd | 0 | false |
| IRS990ScheduleC/PaidStaffOrManagementInd | 0 | true |
| IRS990ScheduleC/PublicationsOrBroadcastInd | 0 | false |
| IRS990ScheduleC/RalliesDemonstrationsInd | 0 | false |
| IRS990ScheduleC/TotalLobbyingExpendituresAmt | 0 | 24295 |
| IRS990ScheduleC/VolunteersInd | 0 | false |
| IRS990ScheduleD/ExpensesSubtotalAmt | 0 | 1129532 |
| IRS990ScheduleD/RevenueSubtotalAmt | 0 | 1321756 |
| IRS990ScheduleD/TotalExpensesPerForm990Amt | 0 | 1129532 |
| IRS990ScheduleD/TotalRevenuePerForm990Amt | 0 | 1321756 |
| IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt | 0 | 1321756 |
| IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt | 0 | 1129532 |
| IRS990/ScheduleJRequiredInd | 0 | false |
| IRS990/ScheduleORequiredInd | 0 | true |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | THE MISSION OF THE CORPORATION IS TO PROMOTE GREATER PUBLIC UNDERSTANDING OF ADVANCED ENERGY AND ITS ECONOMIC POTENTIAL FOR MICHIGAN AND TO INFORM THE PUBLIC AND POLICY DISCUSSION ON MICHIGAN'S ENERGY CHALLENGES AND OPPORTUNITIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION HAS AN EXECUTIVE COMMITTEE. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | THE BOARD REVIEWS THE FORM PRIOR TO FILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS SET FORTH IN SECTION 2.10 OF ITS 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 | THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | AVAILABLE UPON REQUEST |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 357,366 50,050 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 6, PART VI, LINE 8B |
| 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 15A |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990, PAGE 6, PART VI, LINE 19 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990, PART IX, LINE 11G |
| IRS990ScheduleR/AssetExchangeInd | 0 | false |
| 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 | MICHIGAN ENERGY INNOVATION BUSINESS |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine2Txt | 0 | COUNCIL |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN | 0 | 453631792 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt | 0 | 501C6 |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd | 0 | MI |
| IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt | 0 | SHARED SER |
| 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 |
| IRS990ScheduleR/PerformOfServicesByOtherOrgInd | 0 | false |
| IRS990ScheduleR/PerformOfServicesForOthOrgInd | 0 | true |
| IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd | 0 | false |
| IRS990ScheduleR/ReimbursementPaidByOtherOrgInd | 0 | true |
| IRS990ScheduleR/ReimbursementPaidToOtherOrgInd | 0 | true |
| IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd | 0 | false |
| IRS990ScheduleR/RentalOfFcltsFromOthOrgInd | 0 | false |
| IRS990ScheduleR/SharingOfFacilitiesInd | 0 | true |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt | 0 | 326895 |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt | 0 | AMOUNT PAID |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt | 0 | ENERGY INNOVATION BUSINESS COUNCIL |
| IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt | 0 | Q |
| 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 | false |
| IRS990/SubjToTaxRmnrtnExPrchtPymtInd | 0 | false |
| IRS990/TaxablePartyNotificationInd | 0 | false |
| IRS990/TaxExemptBondsInd | 0 | false |
| IRS990/TerminateOperationsInd | 0 | false |
| IRS990/TotalAssetsBOYAmt | 0 | 606766 |
| IRS990/TotalAssetsEOYAmt | 0 | 864597 |
| IRS990/TotalAssetsGrp/BOYAmt | 0 | 606766 |
| IRS990/TotalAssetsGrp/EOYAmt | 0 | 864597 |
| IRS990/TotalCompGreaterThan150KInd | 0 | false |
| IRS990/TotalContributionsAmt | 0 | 971643 |
| IRS990/TotalEmployeeCnt | 0 | 6 |
| IRS990/TotalFunctionalExpensesGrp/FundraisingAmt | 0 | 93742 |
| IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt | 0 | 204898 |
| IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt | 0 | 830892 |
| IRS990/TotalFunctionalExpensesGrp/TotalAmt | 0 | 1129532 |
| IRS990/TotalGrossUBIAmt | 0 | 0 |
| IRS990/TotalLiabilitiesBOYAmt | 0 | 21869 |
| IRS990/TotalLiabilitiesEOYAmt | 0 | 87476 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 21869 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 87476 |
| IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt | 0 | 584897 |
| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 777121 |
| IRS990/TotalOtherCompensationAmt | 0 | 15207 |
| IRS990/TotalProgramServiceExpensesAmt | 0 | 830892 |
| IRS990/TotalProgramServiceRevenueAmt | 0 | 326895 |
| IRS990/TotalReportableCompFromOrgAmt | 0 | 129730 |
| IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt | 0 | 350113 |
| IRS990/TotalRevenueGrp/TotalRevenueColumnAmt | 0 | 1321756 |
| IRS990/TotalVolunteersCnt | 0 | 8 |
| IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt | 0 | 606766 |
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