SEVENTHWAVE INC

EIN: 391656021 501(c)(3)

MADISON, WI

Total Revenue
$4,510,063
Total Expenses
$4,692,470
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
WI
Principal Officer
FRANK GREB
Phone
6082107121
Tax Period
2018-07-01 to 2018-12-31

SEVENTHWAVE INC, founded in 1989, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2018. Revenue fell 47% from the prior year — a significant decline worth monitoring.

Mission

SEVENTHWAVE INSPIRES REAL AND LASTING CHANGE THAT ADVANCES ECONOMIC AND ENVIRONMENTAL SUSTAINABILITY.

Program Service Accomplishments

Program 1
Expenses: $1,705,576 Revenue: $2,755,692

PROGRAM DESIGN, DELIVERY, AND EVALUATION: SEVENTHWAVE DELIVERS COMED'S HIGH-IMPACT COMMERCIAL NEW CONSTRUCTION PROGRAM IN NORTHERN ILLINOIS. SINCE 2009, THE PROGRAM HAS PROVIDED TECHNICAL ASSISTANCE...

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PROGRAM DESIGN, DELIVERY, AND EVALUATION: SEVENTHWAVE DELIVERS COMED'S HIGH-IMPACT COMMERCIAL NEW CONSTRUCTION PROGRAM IN NORTHERN ILLINOIS. SINCE 2009, THE PROGRAM HAS PROVIDED TECHNICAL ASSISTANCE TO MORE THAN 500 PROJECTS, ACHIEVED HIGH LEVELS OF CUSTOMER SATISFACTION AND SAVED MORE THAN 264 MILLION KWH. WE HAVE CONDUCTED SIGNIFICANT RESEARCH IN MINNESOTA TO HELP ACHIEVE GREATER ENERGY SAVINGS IN UTILITY RESIDENTIAL CONSERVATION IMPROVEMENT PROGRAMS. WE CONTINUE TO PROVIDE TECHNICAL ASSISTANCE TO WISCONSIN'S LOW-INCOME WEATHERIZATION ASSISTANCE PROGRAM, USING THE NATURAL GAS AND ELECTRIC BILLING RECORDS OF TREATED CLIENTS TO ASSESS THE ENERGY SAVING IMPACTS OF THE PROGRAM. SEVENTHWAVE PROCESSES BILLING DATA FOR MORE THAN 1.5 MILLION COLUMBIA GAS OF OHIO RESIDENTIAL CUSTOMERS TO CONDUCT REGULAR IMPACT EVALUATIONS OF FIVE ENERGY EFFICIENCY PROGRAMS. SEVENTHWAVE PARTNERS WITH THE U.S. DOE AND NREL TO SCALE ENERGY PERFORMANCE-BASED PROCUREMENT FOR NEW COMMERCIAL BUILDINGS IN ILLINOIS, MINNESOTA, MASSACHUSETTS, CONNECTICUT, OREGON AND COLORADO.

Program 2
Expenses: $869,876 Revenue: $1,246,792

RESEARCH - SEVENTHWAVE STUDIES THE AS-INSTALLED PERFORMANCE OF RESIDENTIAL AND COMMERCIAL BUILDING SYSTEMS. WE DESIGN AND EXECUTE FIELD STUDIES TO INVESTIGATE VARIOUS ASPECTS OF SPACE HEATING, AIR...

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RESEARCH - SEVENTHWAVE STUDIES THE AS-INSTALLED PERFORMANCE OF RESIDENTIAL AND COMMERCIAL BUILDING SYSTEMS. WE DESIGN AND EXECUTE FIELD STUDIES TO INVESTIGATE VARIOUS ASPECTS OF SPACE HEATING, AIR CONDITIONING, WATER HEATING, LIGHTING AND PLUG-LOAD ENERGY USE. WE UNDERSTAND HOW BUILDINGS WORK AND WE USE THAT KNOWLEDGE TO INFORM OUR MODELING AND ANALYSIS. SEVENTHWAVE IS CONDUCTING A MULTI-LEVEL FIELD STUDY TO CHARACTERIZE EXISTING ROOF-TOP UNITS AND THE MARKET FOR NEW AND REPLACEMENT RTUS; CHARACTERIZING THE SMALL COMMERCIAL SECTOR IN MINNESOTA; CONDUCTING A DEMAND-SIDE EFFICIENCY POTENTIAL STUDY; AND COMPLETING A BASELINE STUDY OF RESIDENTIAL NEW CONSTRUCTION PRACTICES IN WISCONSIN. OUR RESEARCH INFORMS THE NEXT GENERATION OF ENERGY EFFICIENCY PROGRAM DESIGN TO DRIVE DEEPER SAVINGS AND REACH UNDERSERVED MARKETS.

Program 3
Expenses: $428,006 Revenue: $505,748

EDUCATION, POLICY & MISSION - SEVENTHWAVE DEVELOPS AND DELIVERS AWARD-WINNING PROFESSIONAL CONTINUING EDUCATION PROGRAMS ON TOPICS RELATED TO ADVANCED ENERGY EFFICIENCY AND ENERGY. WE DEVELOP...

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EDUCATION, POLICY & MISSION - SEVENTHWAVE DEVELOPS AND DELIVERS AWARD-WINNING PROFESSIONAL CONTINUING EDUCATION PROGRAMS ON TOPICS RELATED TO ADVANCED ENERGY EFFICIENCY AND ENERGY. WE DEVELOP CURRICULA; PRODUCE WEBINARS AND VIDEOS; CREATE WEBSITES AND ONLINE REGISTRATION SYSTEMS; MARKET EVENTS; AND SECURE CONTINUING EDUCATION CREDITS TO SUPPORT LICENSURE REQUIREMENTS AND PROFESSIONAL ASSOCIATION MEMBERSHIPS. OUR CONTACT DATABASE INCLUDES MORE THAN 100,000 COMMERCIAL AND RESIDENTIAL BUILDING PROFESSIONALS. WE ALSO COLLABORATE WITH MORE THAN 50 STAKEHOLDERS AND TRADE ORGANIZATIONS. MORE THAN 7,800 INDIVIDUALS PARTICIPATE IN OUR COURSES AND CONFERENCES ANNUALLY. OUR AUDIENCE IS GLOBAL, REPRESENTING AT LEAST 48 COUNTRIES.

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Trantor Score

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

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $1,040,668
Program Service Revenue $3,468,614
Investment Income $781
Other Revenue $0
TOTAL REVENUE $4,510,063

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,612,844
Fundraising Expenses $180,454
Program Expenses $3,003,458
Other Expenses $2,079,626
TOTAL EXPENSES $4,692,470

Year-over-Year Comparison

2018 2017 Change
Revenue $4,510,063 $8,468,595 -0.5%
Expenses $4,692,470 $8,303,621 -0.4%
Net Income $-182,407 $164,974 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

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
6
$435,400
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN WILSON SECRETARY/DIRECTOR 1.00
Officer Director
$0 $0 $0
KEITH REOPELLE DIRECTOR 1.00
Director
$0 $0 $0
ERIC SWANSON DIRECTOR 1.00
Director
$0 $0 $0
BILL OEMICHEN CHAIR/DIRECTOR 1.00
Officer Director
$0 $0 $0
DAVID DONOVAN DIRECTOR 1.00
Director
$0 $0 $0
REBBECA STANFIELD DIRECTOR 1.00
Director
$0 $0 $0
KATHERINE HAMMACK DIRECTOR 1.00
Director
$0 $0 $0
TOM PAQUE VICE CHAIR/DIRECTOR 1.00
Officer Director
$0 $0 $0
CHRIS SCHOENHERR TREASURER/DIRECTOR 1.00
Officer Director
$0 $0 $0
FRANK GREB PRESIDENT/CEO 40.00
Officer
$248,939 $11,260 $260,199
MARGE ANDERSON EXECUTIVE VICE PRESIDENT 40.00
Officer
$166,068 $9,133 $175,201
DOUG AHL RESEARCH DIRECTOR 40.00
Highest
$147,142 $7,904 $155,046
STEVE KIHM PRINCIPAL AND CHIEF ECONOMIST 40.00
Highest
$125,432 $7,378 $132,810
SCOTT PIGG PRINCIPAL PROJECT MANAGER 40.00
Highest
$148,637 $7,287 $155,924
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
2018 $4,510,063 $4,692,470 No data $-182,407
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