THOMAS ALVA EDISON FOUNDATION

EIN: 522106274 501(c)(3) Philanthropy & Grantmaking

WASHINGTON, DC

Total Revenue
$1,455,952
Total Expenses
$1,113,770
Total Assets
$3,482,902
Net Assets
$3,352,484
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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
DC
Principal Officer
PATRICIA VINCENT-COLLAWN
Phone
2025085440
Tax Period
2023-01-01 to 2023-12-31

THOMAS ALVA EDISON FOUNDATION, founded in 1998, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.5M in total revenue in fiscal year 2023. The organization ran a surplus of $342K, a strong 24% operating margin.

Mission

THE EDISON FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION DEDICATED TO BRINGING THE BENEFITS OF ELECTRICITY TO FAMILIES, BUSINESSES, AND INDUSTRIES WORLDWIDE.

Program Service Accomplishments

Program 1
Expenses: $863,224

EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION:THE EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION (IEI) FOCUSES ON ADVANCING THE ADOPTION OF NEW TECHNOLOGIES THAT IMPROVE THE CUSTOMER...

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EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION:THE EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION (IEI) FOCUSES ON ADVANCING THE ADOPTION OF NEW TECHNOLOGIES THAT IMPROVE THE CUSTOMER EXPERIENCE BY ENHANCING HOW ELECTRIC COMPANIES ENGAGE WITH CUSTOMERS TO STRENGTHEN AND TRANSFORM THE ENERGY GRID. IEI PROMOTES THE SHARING OF INFORMATION, IDEAS, AND EXPERIENCES AMONG REGULATORS, POLICYMAKERS, TECHNOLOGY COMPANIES, THOUGHT LEADERS, AND THE ELECTRIC POWER INDUSTRY. IEI ALSO IDENTIFIES POLICIES THAT SUPPORT THE BUSINESS CASE FOR THE ADOPTION OF COST-EFFECTIVE TECHNOLOGIES. DURING CY2023, THE FOLLOWING WERE SIGNIFICANT ACCOMPLISHMENTS OF THE INSTITUTE FOR ELECTRIC INNOVATION:ANNUAL POWERING THE PEOPLE EVENTIN NOVEMBER 2023, IEI HOSTED ITS ANNUAL EVENT, WHICH FOCUSED ON THREE HIGH PRIORITY AREAS FOR THE ELECTIC POWER SECTOR: ADVANCING ENERGY AFFORDABILITY- MOVING PAST POINT SOLUTIONS; CUSTOMERS AS A RESOURCE DEMAND FLEXIBILITY, VPPS, AND THE FUTURE GRID; POTENTIALS AND PERILS OF AI. ELECTRIC COMPANIES, TECHNOLOGY COMPANIES, POLICY MAKERS, REGULATORS AND OTHER STAKEHOLDERS ATTENDED THE EVENT.IEI EXECUTIVE DIALOGUESIN 2023, IEI BROUGHT TOGETHER TECHNOLOGY COMPANY EXECUTIVES AND ELECTRIC COMPANY CEOS AND SENIOR EXECUTIVES IN AN 8-PART THOUGHT LEADERS SPEAK OUT EXECUTIVE DIALOGUE SERIES, WHICH FOCUSED ON USING TECHNOLOGY TO SUCCESSFULLY ENGAGE WITH RESIDENTIAL CUSTOMERS.NARUC BRIEFINGIN NOVEMBER 2023, IEI HOSTED A BRIEFING FOR NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONER MEMBERS FOCUSED ON CUSTOMER PROGRAMS AND TECHNOLOGY SOLUTIONS TO INCREASE CUSTOMER PARTICIPATION, ESPECIALLY LOW-TO-MODERATE INCOME CUSTOMERS IN ENERGY MANAGEMENT PROGRAMS USING NEW AUTOMATION, PERSONALIZATION, AND DIGITIZATION CAPABILITIES.IEI REPORTS AND ISSUE BRIEFSEACH YEAR, IEI PUBLISHES REPORTS, ISSUE BRIEFS, AND FACT SHEETS TO IDENTIFY WHERE THE INDUSTRY IS TODAY AND TRENDS FOR THE FUTURE IN THE AREAS OF ENERGY EFFICIENCY, SMART METERS, AND CLEAN ENERGY TRENDS. IN 2023, IEI PRODUCED AN ISSUE BRIEF ON ELECTRIC COMPANY SMART METER DEPLOYMENTS AND FACTS SHEETS FOCUSED ON THE STATE OF CLEAN ENERGY IMPLEMENTATION.

Program 2
Expenses: $137,494

EDISON FOUNDATION INSTITUTE FOR THE ENERGY TRANSITION:THE EDISON FOUNDATION'S INSTITUTE FOR THE ENERGY TRANSITION (IET) FOCUSES ON ASSESSING THE KEY 24/7 ZERO-EMITTING AND RELATED TECHNOLOGIES...

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EDISON FOUNDATION INSTITUTE FOR THE ENERGY TRANSITION:THE EDISON FOUNDATION'S INSTITUTE FOR THE ENERGY TRANSITION (IET) FOCUSES ON ASSESSING THE KEY 24/7 ZERO-EMITTING AND RELATED TECHNOLOGIES NECESSARY TO ACHIEVING CARBON EMISSIONS REDUCTION GOALSRELIABLY AND AFFORDABLY AND PERIODICALLY UPDATING THESE ASSESSMENTS FOR ALL STAKEHOLDERS TO REFLECT SIGNIFICANT DEVELOPMENTS, INCLUDING DEPLOYMENTS AND IMPROVED ECONOMIC FUNDAMENTALS. IET ALSO FOCUSES ON IDENTIFYING SOLUTIONS TO THE LEGAL, REGULATORY, AND POLICY ISSUES THAT MUST BE ADDRESSED TO ENSURE THAT THESE TECHNOLOGIES CAN BE DEPLOYED AS SOON AS THEY ARE DEMONSTRATED AND ECONOMIC. DURING CY2023, THE FOLLOWING WERE SIGNIFICANT ACCOMPLISHMENTS OF THE INSTITUTE FOR THE ENERGY TRANSITION: IET EXECUTIVE CLEAN TECHNOLOGY DIALOGUESIN 2023, IET PARTNERED WITH MCKINSEY ON A SERIES OF CLEAN TECHNOLOGY DIALOGUES FOR TECHNOLOGY COMPANY EXECUTIVES AND ELECTRIC COMPANY CEOS AND SENIOR EXECUTIVES. THE DIALOGUES FOCUSSED ON HYDROGEN, LONG DURATION ENERGY STORAGE, CARBON CAPTURE AND STORAGE AND ADVANCED GRID TECHNOLOGIES, AS WELL AS AN OVERALL ASSESSMENT OF THE CLEAN ENERGY TECHNOLOGY LANDSCAPE.EEI 2023IET AND IEI PARTNERED WITH EEI TO ORGANIZE THE HUB SESSIONS AT EEI 2023, WHICH FEATURED TECH TALKS, PANEL DISCUSSIONS, AND CEO CONVERSATIONS FOCUSED ON NEAR- AND LONGER-TERM CLEAN ENERGY TECHNOLOGIES. GLOBAL POWER SECTOR ASSESSMENTIN 2023, IET BRIEFED MEMBERS ON KEY FINDINGS FROM THE REPORT IT ENGAGED ICF TO PRODUCE ANALYZING POWER SECTOR EMISSIONS GLOBALLY, THE KEY FINDINGS OF WHICH WILL BE TRANSLATED INTO INFOGRAPHICS AND ONE-PAGERS THAT WILL BE MADE AVAILABLE ON THE IET WEBSITE. IET WILL PUBLISH THE REPORT, WHICH CONTAINS COUNTRY AND SECTOR SPECIFIC DATA, INCLUDING DETAILED INFORMATION ON THE U.S. POWER SECTOR IN 2024.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,455,697
Program Service Revenue $0
Investment Income $255
Other Revenue $0
TOTAL REVENUE $1,455,952

Expense Breakdown

Grants Paid $10,550
Salaries & Benefits $555,968
Fundraising Expenses $0
Program Expenses $1,000,718
Other Expenses $547,252
TOTAL EXPENSES $1,113,770

Year-over-Year Comparison

2023 2022 Change
Revenue $1,455,952 $1,507,030 0.0%
Expenses $1,113,770 $1,051,391 +0.1%
Net Income $342,182 $455,639 -0.2%
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
12
Independent Members
11
Employees
N/A
Volunteers
11

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
9
$20,325,321
Total Directors
12
$14,400,618
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MR THOMAS R KUHN PRESIDENT 1.00
Officer Director
$0 $8,803,592 $14,400,618
MR GERARD M ANDERSON CHAIR THRU 6/23, MEMBER AS OF 6/23 1.00
Director
$0 $0 $0
MR WARNER L BAXTER MEMBER THRU 6/23, CHAIR AS OF 6/23 1.00
Director
$0 $0 $0
MR NICHOLAS K AKINS MEMBER 1.00
Director
$0 $0 $0
MR CHRISTOPHER M CRANE MEMBER 1.00
Director
$0 $0 $0
MR THEODORE F CRAVER MEMBER 1.00
Director
$0 $0 $0
MR THOMAS A FANNING MEMBER 1.00
Director
$0 $0 $0
MR BENJAMIN GS FOWKE III MEMBER 1.00
Director
$0 $0 $0
MS LYNN J GOOD MEMBER 1.00
Director
$0 $0 $0
MR PEDRO J PIZARRO MEMBER 1.00
Director
$0 $0 $0
MS MARIA M POPE MEMBER 1.00
Director
$0 $0 $0
MS PATRICIA K VINCENT-COLLAWN MEMBER 1.00
Director
$0 $0 $0
MR BRIAN L WOLFF EXECUTIVE VICE PRESIDENT 1.00
Officer
$0 $701,964 $2,193,119
MS EMILY SANFORD FISHER EXECUTIVE VICE PRESIDENT 1.00
Officer
$0 $149,023 $956,672
MR PHILIP DION SENIOR VICE PRESIDENT 1.00
Officer
$0 $55,293 $475,830
MR JOHN S SCHLENKER TREASURER 1.00
Officer
$0 $237,824 $1,093,621
MS LISA WOOD VICE PRESIDENT 4.50
Officer
$22,288 $66,957 $289,835
MR ERIC HOLDSWORTH ED, INST FOR THE ENERGY TRANSITION 11.50
Officer
$0 $13,986 $315,901
MR ADAM COOPER ED, INST FOR ELECTRIC INNOVATION 34.00
Officer
$190,571 $60,475 $314,570
MS VICTORIA L CALDERON CORPORATE SECRETARY 1.00
Officer
$0 $50,193 $285,155
MS STEPHANIE VOYDA SVP, COMM & MEMBER ENGAGEMENT, EEI 1.00
Highest
$11,273 $63,036 $626,681
MS NIKI NELSON SR DIR BRAND STRAT & MEMBER EXP,EEI 0.50
Highest
$2,243 $22,743 $247,091
MR STEVEN MCCUNE DIR COMM SYSTEMS & WEB STRATEGY, EEI 0.50
Highest
$1,534 $12,536 $165,939
MS NANAKO HISAMICHI SR MGR ENERGY RESEARCH & PARTNERSHIPS 45.00
Highest
$141,570 $27,671 $169,241
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 No data No data No data No data
2023 $1,455,952 $1,113,770 $3,482,902 $342,182
2022 $1,507,030 $1,051,391 $3,099,555 $455,639
2021 $1,235,201 $913,048 $2,888,308 $322,153
2020 $1,260,916 $806,959 $2,845,453 $453,957
2019 $1,346,794 $739,642 $2,312,330 $607,152
2018 $1,474,130 $1,178,504 $1,502,022 $295,626
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