INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY

EIN: 262619591 501(c)(3) Environment

LOS ANGELES, CA

Total Revenue
$862,576
Total Expenses
$507,692
Total Assets
$726,076
Net Assets
$566,041
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
CA
Principal Officer
FENG AN
Phone
6265009647
Tax Period
2024-01-01 to 2024-12-31

INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY, founded in 2008, is a small nonprofit in the Environment sector that reported $863K in total revenue in fiscal year 2024. Revenue surged 143% from the prior year, signaling strong growth momentum. The organization ran a surplus of $355K, a strong 41% operating margin.

Mission

PROMOTE CLEAN ENERGY AND SUSTAINABLE TRANSPORTATION TO MITIGATE CLIMATE CHANGE AROUND THE WORLD.

Program Service Accomplishments

Program 1
Expenses: $233,926 Revenue: $400,000

TRANSPORTATION: INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY (ICES) PROMOTES TRANSPORTATION ELECTRIFICATION POLICIES AND ZERO EMISSION VEHICLE IDEAS AROUND THE GLOBE TO ACHIEVE REAL INCREASES IN...

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TRANSPORTATION: INNOVATION CENTER FOR ENERGY AND SUSTAINABILITY (ICES) PROMOTES TRANSPORTATION ELECTRIFICATION POLICIES AND ZERO EMISSION VEHICLE IDEAS AROUND THE GLOBE TO ACHIEVE REAL INCREASES IN ELECTRIC VEHICLE SALES AND REDUCTIONS IN GREENHOUSE GAS EMISSIONS. THE SPECIFIC TASKS UNDER THIS PROGRAM ARE: 1.TRANSPORTATION ELECTRIFICATION ROADMAP DEVELOPMENT 2.SUSTAINABLE AVIATION FUEL POLICIES 3.ELECTRIC COMMERECIAL VEHICLE PROMOTION AND POLICY RESEARCH.

Program 2
Expenses: $152,052 Revenue: $325,000

CLEAN ENERGY: ICES PROMOTES U.S. CLEAN ENERGY AND ENVIRONMENTAL TECHNOLOGIES IN EMERGING MARKETS, AND PROVIDES SERVICES FOR US FIRMS TO SHOWCASE THEIR PRODUCTS & SERVICES IN ASIAN AND GREATER CHINA...

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CLEAN ENERGY: ICES PROMOTES U.S. CLEAN ENERGY AND ENVIRONMENTAL TECHNOLOGIES IN EMERGING MARKETS, AND PROVIDES SERVICES FOR US FIRMS TO SHOWCASE THEIR PRODUCTS & SERVICES IN ASIAN AND GREATER CHINA MARKETS IN ORDER TO INCREASE MARKET DEMAND AND SALES FOR US CLEAN TECH COMPANIES.

Program 3
Expenses: $63,628 Revenue: $136,000

CLIMATE CHANGE: WITH SUPPORT FROM PHILANTHROPIC FOUNDATIONS AND MULTILATERAL AGENCIES, ICES IS WORKING WITH PARTNERS IN GOVERNMENTS AND BUSINESS TO DEVELOP AND PROMOTE ENERGY AND CARBON MANAGEMENT...

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CLIMATE CHANGE: WITH SUPPORT FROM PHILANTHROPIC FOUNDATIONS AND MULTILATERAL AGENCIES, ICES IS WORKING WITH PARTNERS IN GOVERNMENTS AND BUSINESS TO DEVELOP AND PROMOTE ENERGY AND CARBON MANAGEMENT BEST PRACTICES TO REDUCE ENERGY USE AND GREENHOUSE GAS EMISSIONS FROM CORPORATIONS AS WELL AS LOCAL ECONOMIC DEVELOPMENT AREAS. ICES IS DEVELOPING A CLIMATE FINANCING MECHANISM TO REDUCE GHG EMISSIONS FROM INDUSTRY AND TRANSPORTATION SECTOR. THE GOAL OF THIS WORKING AREA IS TO PRODUCE RELIABLE,CONSISTENT AND VERIFIABLE PROGRESS AND INFORMATION ON ENERGY CONSUMPTION AND CARBON EMISSIONS ON THECORPORATION AND LOCAL MUNICIPALITY LEVEL.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $861,000
Program Service Revenue $0
Investment Income $1,576
Other Revenue $0
TOTAL REVENUE $862,576

Expense Breakdown

Grants Paid $0
Salaries & Benefits $204,344
Fundraising Expenses $0
Program Expenses $449,606
Other Expenses $303,348
TOTAL EXPENSES $507,692

Year-over-Year Comparison

2024 2023 Change
Revenue $862,576 $354,512 +1.4%
Expenses $507,692 $470,561 +0.1%
Net Income $354,884 $-116,049 -4.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$137,727
Total Directors
6
$137,727
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FENG AN DIRECTORPRESIDENT 40.00
Officer Director
$108,000 $29,727 $137,727
KATE BLUMBERG DIRECTOR 0.00
Director
$0 $0 $0
JOHN DECICCO DIRECTOR 0.00
Director
$0 $0 $0
JIM D BOYD DIRECTOR 0.00
Director
$0 $0 $0
FUQIANG YANG DIRECTOR 0.00
Director
$0 $0 $0
ROBYN CAMP DIRECTOR 0.00
Director
$0 $0 $0
JING ZHANG CFO 0.00
Officer
$0 $0 $0
ALEX MORALES SECRETARY 0.00
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $862,576 $507,692 $726,076 $354,884
2023 $354,512 $470,561 $330,361 $-116,049
2022 $312,808 $496,184 $405,746 $-183,376
2021 $927,189 $687,422 $608,835 $239,767
2020 $384,054 $474,625 $399,038 $-90,571
2019 $596,914 $407,318 $317,535 $189,596
2018 $468,389 $575,261 $130,842 $-106,872
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