Civic Intelligence

National Wind Technology Consortium Inc

EIN 82-4740333 • 501(c)3 • Albany, NY

Profile

The consortium is nationally focused on supporting scientific research in the public interest, collaborating on prioritized activities to reduce the cost of energy of offshore wind in the us while maximizing economic and social benefits for the public through innovations that reduce technical and supply chain barriers and build strong networks.

PO Box 38019Albany, NY 12203

www.nationaloffshorewind.org

Siviq Scores

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

Liabilities / Assets

81st percentile

0.54x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

60th percentile

0.24x

Higher debt load relative to revenue than 60% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

47th percentile

3.4%

Higher net margin than 47% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

90th percentile

$346,300

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 4.7% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Asset Growth

28th percentile

-2.2%

Faster asset growth than 28% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Revenue Growth

39th percentile

1.7%

Faster revenue growth than 39% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets81st percentile

Assets

Down

$3,309,436

Down $75,117 (-2.2%) from 2023

Liabilities

Down

$1,790,609

Down $307,992 (-15%) from 2023

Net Assets

Up

$1,518,827

Up $232,875 (+18%) from 2023

Operations
Liabilities / Revenue60th percentileNet Margin47th percentile

Revenue

Up

$7,324,130

Up $124,332 (+1.7%) from 2023

Expenses

Up

$7,077,564

Up $275,968 (+4.1%) from 2023

Net Income

Down

$246,566

Down $151,636 (-38%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth28th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2018: $0Liabilities 2018: $0Net Assets 2018: $02018Assets 2019: $1,312,763Liabilities 2019: $1,029,580Net Assets 2019: $283,1832019Assets 2020: $1,366,232Liabilities 2020: $1,077,234Net Assets 2020: $288,9982020Assets 2021: $2,138,543Liabilities 2021: $1,679,016Net Assets 2021: $459,5272021Assets 2022: $2,567,833Liabilities 2022: $1,680,083Net Assets 2022: $887,7502022Assets 2023: $3,384,553Liabilities 2023: $2,098,601Net Assets 2023: $1,285,9522023Assets 2024: $3,309,436Liabilities 2024: $1,790,609Net Assets 2024: $1,518,8272024

Highlighted filing

2024

Assets$3,309,436
Liabilities$1,790,609
Net Assets$1,518,827
Open 2024 Filing

Operations Trend

Revenue Growth39th percentile

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

$8.0M$6.0M$4.0M$2.0M$0Revenue 2018: $41,910Expenses 2018: $41,910Net Income 2018: $02018Revenue 2019: $462,019Expenses 2019: $178,836Net Income 2019: $283,1832019Revenue 2020: $1,082,053Expenses 2020: $1,076,238Net Income 2020: $5,8152020Revenue 2021: $2,465,652Expenses 2021: $2,295,123Net Income 2021: $170,5292021Revenue 2022: $6,913,016Expenses 2022: $6,484,793Net Income 2022: $428,2232022Revenue 2023: $7,199,798Expenses 2023: $6,801,596Net Income 2023: $398,2022023Revenue 2024: $7,324,130Expenses 2024: $7,077,564Net Income 2024: $246,5662024

Highlighted filing

2024

Revenue$7,324,130
Expenses$7,077,564
Net Income$246,566
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,309,436
Liabilities
$1,790,609
Net assets
$1,518,827
Revenue
$7,324,130
Expenses
$7,077,564
Net income
$246,566
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.31$1.79$1.52$7.32$7.08$0.25
2023Detailed filing. Detailed filing data is available for this year.$3.38$2.10$1.29$7.20$6.80$0.40
2022Detailed filing. Detailed filing data is available for this year.$2.57$1.68$0.89$6.91$6.48$0.43
2021Detailed filing. Detailed filing data is available for this year.$2.14$1.68$0.46$2.47$2.30$0.17
2020Detailed filing. Detailed filing data is available for this year.$1.37$1.08$0.29$1.08$1.08$0.01
2019Summary only. Only limited summary data is available for this year.$1.31$1.03$0.28$0.46$0.18$0.28
2018Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.04$0.04$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 17, 2025
Return Version
2024v5.2
Gross Receipts
$7,324,130
Mission and Program Overview

Mission

The consortium is nationally focused on supporting scientific research in the public interest, collaborating on prioritized activities to reduce the cost of energy of offshore wind in the us while maximizing economic and social benefits for the public through innovations that reduce technical and supply chain barriers and build strong networks.

The consortium is a nationally focused organization supporting scientific research in the public interest, collaborating on prioritized activities to reduce the cost of energy of offshore wind in the us for the public.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,241,528$1,563,624▼ $677,904
Investments in Publicly Traded Securities-$1,033,490-
Accounts Receivable$979,138$691,966▼ $287,172
Prepaid Expenses and Deferred Charges$158,332$14,824▼ $143,508
Land, Buildings, and Equipment, Net$5,555$5,532▼ $23
Total Assets$3,384,553$3,309,436▼ $75,117
Liabilities
Deferred Revenue$1,195,408$1,421,693▲ $226,285
Accounts Payable and Accrued Expenses$903,193$368,916▼ $534,277
Total Liabilities$2,098,601$1,790,609▼ $307,992
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,285,952$1,518,827▲ $232,875
Total Net Assets Fund Balance$1,285,952$1,518,827▲ $232,875
Total Liabilities and Net Assets / Fund Balance$3,384,553$3,309,436▼ $75,117

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,532$3,811$9,343
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lyndie Hice-duntonExecutive DirectorFT$332,981$13,319$346,300
Christine SloanDeputy Executive DirectorFT$175,325$8,654$183,979
Melanie SchultzProgram ManagerFT$135,069$21,514$156,583
Kori GroenveldSenior Program ManagerFT$142,848$8,320$151,168
Julian FraizeProgram ManagerFT$130,246$9,168$139,414
Julia DombroskiOsw Hub AssociateFT$114,685$219$114,904

Board Members and Trustees

NameTitle
Bob CatellChair
Ron SchoffVice Chair
Amanda LeftonDirector
Antoine CognardDirector
Cameron WillardDirector
Carrie HittDirector
Celina CunninghamDirector
David AshDirector
Doreen HarrisDirector
Eric CoffmanDirector
James BattensbyDirector
Jan KlaasenDirector
Jan MatthiesenDirector
Joanne LangsdorfDirector
John BrucknerDirector
Jonah SteinbuckDirector
Nils BolgenDirector
Rebecca UllmanDirector
Robert BrabstonDirector
Ruth PerryDirector
Sam AronsonDirector
Vince MaidenDirector
Adrienne DowneySecretary
Stuart NachmiasTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$7,259,855
Program Service Revenue
$0
Investment Income
$49,887
Other Revenue
$14,388
Change in Net Assets
$246,566

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,321,424
Revenue Not Reported on Financial Statements
$2,706
Revenue Not Reported on Form 990
$-13,691
Total Revenue per Audited Statements
$7,307,733
Total Revenue per Form 990
$7,324,130
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,841,993
Salaries, Compensation, and Employee Benefits$1,235,571
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$5,392,249$748-$5,392,997
Other Salaries and Wages$646,269$103,887-$750,156
Current Officers, Directors, Trustees, and Key Employees$300,187$46,113-$346,300
Fees for Services Accounting$11,850$106,650-$118,500
Fees for Services Legal$43,486$43,486-$86,972
Conferences and Meetings$77,378$4,122-$81,500
Payroll Taxes$65,906--$65,906
Travel$12,071$38,342-$50,413
Other Employee Benefits$49,862--$49,862
Information Technology-$40,630-$40,630
Pension Plan Contributions$23,347--$23,347
Insurance-$17,624-$17,624
Office Expenses-$5,788-$5,788
Other Expenses-$5,480-$5,480
Occupancy-$5,000-$5,000
Fees for Service Investment Mgmnt Fees-$2,706-$2,706
Depreciation Depletion-$2,062-$2,062
Total Functional Expenses$6,622,605$454,959$0$7,077,564

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$7,077,564
Expenses per Audited Statements$7,074,858
Total Expenses per Audited Statements$7,074,858
Expenses Not Reported on Financial Statements$2,706
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 35% controlled entity
No
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
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 6

“The consortium is a membership based organization.”

Form 990, Part VI, Section A, Line 7A

“Members of the organization have the right to elect board members”

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

“The full board receives a copy prior to submission.”

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

“Periodic reviews are used to regularly and consistently monitor and enforce the organization's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15A

“The compensation of the executive director is fixed by the board and utilizes informal compensation of similar organizations and industry and other applicable knowledge of members of the board.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policies and financial statements available upon request.”

Filing and Contact Details

Filer

Filer Name
National Wind Technology Consortium Inc
EIN
82-4740333
Phone
8488633269
Address
PO BOX 38019, ALBANY, NY 12203

Signing Officer

Name
Lyndie Hice-dunton
Title
Executive Director
Phone
8488633269
Signed
2025-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lyndie Hice-dunton
Formed
2018
Legal Domicile
Ny
Voting Board Members
24
Independent Board Members
24
Employees
6
Volunteers
30

Preparer

Firm
Bonadio & Co Llp
Address
100 CORPORATE PARKWAY SUITE 200, AMHERST, NY 14226
Preparer
Mark Perez
Phone
7162506600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contract services: program service expenses 5,392,249. Management and general expenses 748. Fundraising expenses 0. Total expenses 5,392,997.”

FORM 990, PART XII, LINE 12C:

“Process has not changed from the prior year.”

Raw XML AppendixShowing 400 of 649 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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