NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION

EIN: 581342588 501(c)(3) Environment

RALEIGH, NC

Total Revenue
$2,297,191
Total Expenses
$2,147,948
Total Assets
$1,972,639
Net Assets
$1,618,466
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
NC
Principal Officer
MATT ABELE
Phone
9198327601
Tax Period
2023-07-01 to 2024-06-30

NORTH CAROLINA SUSTAINABLE ENERGY ASSOCIATION, founded in 1978, is a community nonprofit in the Environment sector that reported $2.3M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $2.1M left a modest 6% surplus.

Mission

NCSEA IS A 501(C)(3) NONPROFIT MEMBERSHIP ORGANIZATION WHOSE MISSION IS TO DRIVE POLICY AND MARKET DEVELOPMENT TO CREATE CLEAN ENERGY JOBS, ECONOMIC OPPORTUNITIES, AND AFFORDABLE ENERGY THAT BENEFITS ALL OF NORTH CAROLINA.

Program Service Accomplishments

Program 1
Expenses: $1,196,280

CONDUCT PUBLIC POLICY ADVOCACY INCLUDING MARKET AND POLICY RESEARCH, ANALYSIS, FACILITATION OF STAKEHOLDER DIALOGUE AND PROBLEM SOLVING, AND PARTICIPATING IN REGULATORY AND POLICY DECISION-MAKING...

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CONDUCT PUBLIC POLICY ADVOCACY INCLUDING MARKET AND POLICY RESEARCH, ANALYSIS, FACILITATION OF STAKEHOLDER DIALOGUE AND PROBLEM SOLVING, AND PARTICIPATING IN REGULATORY AND POLICY DECISION-MAKING PROCESSES AS IT RELATES TO SUSTAINABLE PLANNING, PROVISION AND USE OF ENERGY.

Program 2
Expenses: $170,897

DEVELOP AND TEST MARKET-BASED, DATA DRIVEN SOLUTIONS FOR UTILITIES, CONSUMERS, AND CLEAN ENERGY PROVIDERS TO IMPROVE THE AFFORDABILITY, ACCESSIBILITY, AND RESILIENCE OF BOTH INDIVIDUAL CLEAN ENERGY...

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DEVELOP AND TEST MARKET-BASED, DATA DRIVEN SOLUTIONS FOR UTILITIES, CONSUMERS, AND CLEAN ENERGY PROVIDERS TO IMPROVE THE AFFORDABILITY, ACCESSIBILITY, AND RESILIENCE OF BOTH INDIVIDUAL CLEAN ENERGY SOLUTIONS AND ELECTRICITY SYSTEM AND SERVICES PROVIDED ACROSS THE SYSTEM.

Program 3
Expenses: $341,794 Revenue: $168,958

PROVIDE EDUCATION ON CLEAN ENERGY THROUGH RESEARCH, ONLINE CONTENT, PUBLICATIONS, CONFERENCES, WORKING GROUPS, AND WORKSHOPS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,014,537
Program Service Revenue $168,958
Investment Income $18,436
Other Revenue $95,260
TOTAL REVENUE $2,297,191

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,229,823
Fundraising Expenses $47,736
Program Expenses $1,708,971
Other Expenses $918,125
TOTAL EXPENSES $2,147,948

Year-over-Year Comparison

2023 2022 Change
Revenue $2,297,191 $2,485,158 -0.1%
Expenses $2,147,948 $3,190,114 -0.3%
Net Income $149,243 $-704,956 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
14
Independent Members
14
Employees
24
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
8
$222,370
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VANESSA KING CHAIR 1/1/2023 THROUGH 12/21/2023 2.00
Officer Director
$0 $0 $0
CHASE COUNTS CO-CHAIR 1/1/2023 THROUGH 12/21/2023 1.00
Director
$0 $0 $0
SARA TELANO CHAIR OF FINANCE & AUDIT COMMITTEE 1/1/2023 THROUG 1.00
Officer Director
$0 $0 $0
ROGELIO SULLIVAN CHAIR OF NOMINATING & GOVERNANCE COMMITTEE 1.00
Director
$0 $0 $0
JULIO ROVI CHAIR OF DEVELOPMENT STRATEGY OVERSIGHT COMMITTEE 1.00
Director
$0 $0 $0
HAYES FRAMME CHAIR OF INDUSTRY/POLICY ALIGNMENT COMMITTEE 1.00
Director
$0 $0 $0
KEN DULANEY SECRETARY 1/1/2023 THROUGH 12/21/2023; CO-CHAIR EF 1.00
Officer Director
$0 $0 $0
RIZA JENKINS CHAIR EFFECTIVE 1/1/2024 2.00
Officer Director
$0 $0 $0
STEVE KALLAND BOARD MEMBER 1.00
Director
$0 $0 $0
CLINT LLOYD BOARD MEMBER UNTIL 12/31/2023 1.00
Director
$0 $0 $0
TAREK ABDEL-SALAM BOARD MEMBER 1.00
Director
$0 $0 $0
KRISTINA TINA CLOSSICK CO-CHAIR OF DEVELOPMENT STRATEGY OVERSIGHT COMMITT 1.00
Director
$0 $0 $0
LAURA COMBS CO-CHAIR OF DEVELOPMENT STRATEGY OVERSIGHT COMMITT 1.00
Director
$0 $0 $0
USMAN NOOR BOARD MEMBER 1.00
Director
$0 $0 $0
GRAHAM LEWIS SECRETARY EFFECTIVE 1/1/2024 1.00
Officer Director
$0 $0 $0
GREG LENNON CHAIR OF FINANCE & AUDIT COMMITTEE EFFECTIVE 1/1/2 1.00
Officer Director
$0 $0 $0
MOZINE LOWE BOARD MEMBER 1.00
Director
$0 $0 $0
RUBENKA BANDYOPADHYAY - THRU 022023 BOARD MEMBER LEFT THE BOARD 2/2023 1.00
Director
$0 $0 $0
BEN PROCHAZKA - THUR 042023 BOARD MEMBER LEFT THE BOARD 4/2023 1.00
Director
$0 $0 $0
WARD LENZ EXECUTIVE DIRECTOR 45.00
Officer
$110,428 $5,049 $115,477
MATT ABELE EXECUTIVE DIRECTOR 45.00
Officer
$100,361 $6,532 $106,893
CASSIE GAVIN - HIGHLY COMPENSATED DIRECTOR OF POLICY 45.00
Highest
$133,171 $6,132 $139,303
ETHAN BLUMENTHAL - HIGHLY COMPENSAT POLICY STRATEGIST 45.00
Highest
$103,571 $6,132 $109,703
KAREN GARDNER - HIGHLY COMPENSATED DIRECTOR OF CORE SERVICES 45.00
Highest
$101,664 $1,732 $103,396
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
2025 No data No data No data No data
2024 $2,297,191 $2,147,948 $1,972,639 $149,243
2023 $2,485,158 $3,190,114 $2,076,362 $-704,956
2022 $2,840,629 $2,774,884 $2,468,744 $65,745
2021 $3,429,820 $2,422,276 $2,370,897 $1,007,544
2020 $2,049,301 $2,271,920 $1,606,558 $-222,619
2019 $2,609,868 $2,725,038 $1,538,582 $-115,170
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