Civic Intelligence

Institute for Energy Innovation

990 • Fiscal year 2014 • EIN 45-4458585

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

115 W Allegan Suite 719Lansing, MI 48933-1619

(231) 386-7000

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

59th percentile

0.01x

Higher debt load relative to revenue than 59% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

99th percentile

$130,552

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 37.5% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

16th percentile

-27%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

87th percentile

59%

Faster revenue growth than 87% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$146,235

Down $54,094 (-27%) from 2013

Net Assets

Up

$144,435

Up $6,255 (+4.5%) from 2013

Liabilities

Down

$1,800

Down $60,349 (-97%) from 2013

Revenue

Up

$348,013

Up $129,213 (+59%) from 2013

Expenses

Up

$391,758

Up $149,849 (+62%) from 2013

Net Income

Down

-$43,745

Down $20,636 (-89%) from 2013

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2012: $211,616Liabilities 2012: $50,327Net Assets 2012: $161,2892012Assets 2013: $200,329Liabilities 2013: $62,149Net Assets 2013: $138,1802013Assets 2014: $146,235Liabilities 2014: $1,800Net Assets 2014: $144,4352014Assets 2015: $200,685Liabilities 2015: $13,638Net Assets 2015: $187,0472015Assets 2016: $241,848Liabilities 2016: $15,105Net Assets 2016: $226,7432016Assets 2017: $136,287Liabilities 2017: $15,571Net Assets 2017: $120,7162017Assets 2018: $88,053Liabilities 2018: $11,436Net Assets 2018: $76,6172018Assets 2019: $94,635Liabilities 2019: $14,380Net Assets 2019: $80,2552019Assets 2020: $252,284Liabilities 2020: $44,892Net Assets 2020: $207,3922020Assets 2021: $441,276Liabilities 2021: $64,309Net Assets 2021: $376,9672021Assets 2022: $470,126Liabilities 2022: $15,198Net Assets 2022: $454,9282022Assets 2023: $606,766Liabilities 2023: $21,869Net Assets 2023: $584,8972023Assets 2024: $864,597Liabilities 2024: $87,476Net Assets 2024: $777,1212024

Highlighted filing

2014

Assets$146,235
Liabilities$1,800
Net Assets$144,435

Operations Trend

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

$1.5M$1.0M$500K$0-$500KRevenue 2012: $481,650Expenses 2012: $320,361Net Income 2012: $161,2892012Revenue 2013: $218,800Expenses 2013: $241,909Net Income 2013: -$23,1092013Revenue 2014: $348,013Expenses 2014: $391,758Net Income 2014: -$43,7452014Revenue 2015: $346,244Expenses 2015: $303,632Net Income 2015: $42,6122015Revenue 2016: $402,262Expenses 2016: $362,566Net Income 2016: $39,6962016Revenue 2017: $297,218Expenses 2017: $403,245Net Income 2017: -$106,0272017Revenue 2018: $311,422Expenses 2018: $355,521Net Income 2018: -$44,0992018Revenue 2019: $345,763Expenses 2019: $342,125Net Income 2019: $3,6382019Revenue 2020: $538,654Expenses 2020: $411,517Net Income 2020: $127,1372020Revenue 2021: $1,031,335Expenses 2021: $861,760Net Income 2021: $169,5752021Revenue 2022: $757,261Expenses 2022: $679,300Net Income 2022: $77,9612022Revenue 2023: $899,788Expenses 2023: $769,819Net Income 2023: $129,9692023Revenue 2024: $1,321,756Expenses 2024: $1,129,532Net Income 2024: $192,2242024

Highlighted filing

2014

Revenue$348,013
Expenses$391,758
Net Income-$43,745
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$348,013
Mission and Program Overview

Mission

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$139,329$129,235▼ $10,094
Pledges and Grants Receivable$61,000$17,000▼ $44,000
Total Assets$200,329$146,235▼ $54,094
Liabilities
Accounts Payable and Accrued Expenses$62,149$1,800▼ $60,349
Total Liabilities$62,149$1,800▼ $60,349
Net Assets / Fund Balance
Unrestricted Net Assets$83,180$127,435▲ $44,255
Temporarily Rstr Net Assets$55,000$17,000▼ $38,000
Total Net Assets Fund Balance$138,180$144,435▲ $6,255
Total Liabilities and Net Assets / Fund Balance$200,329$146,235▼ $54,094
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Dan ScrippsPresidentFT$122,638$7,914$130,552
Angela MillerAccountantFT$39,156$2,753$41,909

Board Members and Trustees

NameTitle
Bruce GoodmanDirector
David SimonDirector
Jim SaberDirector
Jeff MettsDirector-former
Roger CopeDirector-former
Revenue and Support

Revenue Composition

Contributions and Grants
$235,510
Program Service Revenue
$112,503
Investment Income
$0
Other Revenue
$0
All Other Contributions
$196,000
Change in Net Assets
$-43,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$250,376
Other Expenses$141,382
Total Fundraising Expense$29,578
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$97,914$74,547-$172,461
Fees for Services Other$102,036--$102,036
Other Salaries and Wages$13,841$13,841$27,680$55,362
Fees for Services Legal-$20,292-$20,292
Payroll Taxes$19,087--$19,087
Fees for Services Accounting-$5,876-$5,876
Other Employee Benefits$867$867$1,732$3,466
Travel$2,702$196$166$3,064
Occupancy-$2,802-$2,802
Conferences and Meetings$724--$724
Office Expenses$255$57-$312
Other Expenses-$276-$276
Total Functional Expenses$237,426$124,754$29,578$391,758
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
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
No
Other officer compensation reviewed
No
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 A, Line 8B

The corporation does not have any committees within the governing body

Form 990, Part VI, Section B, Line 11

The board reviews the form prior to filing.

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

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.

Form 990, Part VI, Section B, Line 15

The compensation of the organization's president is determined and approved by the board of directors.

Form 990, Part VI, Section C, Line 19

AVAILABLE UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Institute for Energy Innovation
EIN
45-4458585
Phone
2313867000
Address
115 W ALLEGAN SUITE 719, LANSING, MI 48933-1619

Signing Officer

Name
Dan Scripps
Title
President
Phone
2313867000
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dan Scripps
Formed
2011
Legal Domicile
Mi
Voting Board Members
3
Independent Board Members
3
Employees
3
Volunteers
3

Preparer

Firm
Beene Garter Llp
Address
56 GRANDVILLE AVE SW SUITE 100, GRAND RAPIDS, MI 49503-4036
Preparer
Margaret W Bishop CPA
Phone
6162355200
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

The institute for energy innovation provided management services to an affiliated exempt organization.

Form 990, Part IX, Line 11G

Consulting fees: program service expenses 102,036. Management and general expenses 0. Fundraising expenses 0. Total expenses 102,036.

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE INSTITUTE FOR ENERGY INNOVATION PROVIDED MANAGEMENT SERVICES TO AN AFFILIATED EXEMPT ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE CORPORATION DOES NOT HAVE ANY COMMITTEES WITHIN THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD REVIEWS THE FORM PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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/ExplanationTxt4THE COMPENSATION OF THE ORGANIZATION'S PRESIDENT IS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CONSULTING FEES: PROGRAM SERVICE EXPENSES 102,036. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 102,036.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0453631792
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SEE SUPPLEMENTAL INFORMATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0120 N WASHINGTON SQUARE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LANSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048933
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/SupplementalInformationDetail/ExplanationTxt0EXPLANATION: TO ACCELERATE THE SUCCESS OF COMPANIES AND ORGANIZATIONS DEVELOPING AND DEPLOYING CLEAN ENERGY PRODUCTS AND SERVICES.
IRS990ScheduleR/SupplementalInformationDetail/FormAndLineReferenceDesc0PART II
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0107503
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL CASH TRANSFER
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MICHIGAN ENERGY INNOVATION BUSINESS COUNCIL
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0Q
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd01
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IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
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IRS990/TotalEmployeeCnt03
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0124754
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IRS990/TotalFunctionalExpensesGrp/TotalAmt0391758
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062149
IRS990/TotalLiabilitiesEOYAmt01800
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IRS990/TotalLiabilitiesGrp/EOYAmt01800
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0138180
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0144435
IRS990/TotalOtherCompensationAmt010667
IRS990/TotalProgramServiceExpensesAmt0237426
IRS990/TotalProgramServiceRevenueAmt0112503
IRS990/TotalReportableCompFromOrgAmt0161794
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0112503
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0348013
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0200329
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0146235
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0166
IRS990/TravelGrp/ManagementAndGeneralAmt0196
IRS990/TravelGrp/ProgramServicesAmt02702
IRS990/TravelGrp/TotalAmt03064
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt083180
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0127435
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0115 W ALLEGAN SUITE 719
IRS990/USAddress/CityNm0LANSING
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd0489331619
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0INSTITUTEFORENERGYINNOVATION.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02016-04-25 22:37:26Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0DAN SCRIPPS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02313867000
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0INSTITUTE FOR ENERGY INNOVATION
ReturnHeader/Filer/BusinessNameControlTxt0INST
ReturnHeader/Filer/EIN0454458585
ReturnHeader/Filer/PhoneNum02313867000
ReturnHeader/Filer/USAddress/AddressLine1Txt0115 W ALLEGAN SUITE 719
ReturnHeader/Filer/USAddress/CityNm0LANSING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd0489331619
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381337372
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0BEENE GARTER LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt056 GRANDVILLE AVE SW SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GRAND RAPIDS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0495034036
ReturnHeader/PreparerPersonGrp/PhoneNum06162355200
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0MARGARET W BISHOP CPA
ReturnHeader/ReturnTs02015-11-16T07:29:22-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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