North Carolina Advanced Energy Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 561275391 ✦ Raleigh, NC ✦ Designated as a 501(c)(3)

Overview

What is North Carolina Advanced Energy Corporation?

North Carolina Advanced Energy Corporation, based in Raleigh, NC, is a nonprofit organization primarily focused on addressing the escalating demand for electricity. It strives to shift energy consumption patterns towards off-peak hours as per its Articles of Incorporation. Its mission extends beyond just managing energy, as it seeks to educate consumers about energy-related matters and create economic, environmental, and societal benefits through innovative approaches. The organization engages in various programs, including testing, consulting, and training, to offer alternatives to conventional electric generation technologies and promote more efficient energy solutions. Its ultimate goal is to demonstrate the effective use of electricity for the betterment of North Carolina's energy landscape.


Official website here: www.advancedenergy.org

Is North Carolina Advanced Energy Corporation legitimate?

North Carolina Advanced Energy Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Advanced Energy Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,976,639

For more financial information, click here


Official website here: www.advancedenergy.org

What is the mission statement of North Carolina Advanced Energy Corporation?

The North Carolina Advanced Energy Corporation aims to create economic, environmental, and societal benefits through innovative and market-based approaches to energy issues. As outlined in its Articles of Incorporation, the corporation's primary goals are to moderate the rise in demand for electricity and to shift demand to off-peak periods. In addition to these objectives, the corporation also educates consumers about energy, provides alternatives to current electric generation technologies, develops more economic sources of electric power, increases system efficiency and load factors through conservation and load management, and demonstrates more efficient uses of electric power. Its activities encompass testing, consulting, and training services.


Official website here: www.advancedenergy.org

Who is the CEO of North Carolina Advanced Energy Corporation?

Robert Goodson is the Chair of North Carolina Advanced Energy Corporation.


Official website here: www.advancedenergy.org

What is the revenue of North Carolina Advanced Energy Corporation?

North Carolina Advanced Energy Corporation's revenue in 2022 was $8,369,337.


Official website here: www.advancedenergy.org

Who are the executives of North Carolina Advanced Energy Corporation and what are their salaries?

The average compensation at North Carolina Advanced Energy Corporation during 2022 was $52,324. There are 76 employees at North Carolina Advanced Energy Corporation.

Here are 19 key members and their salaries:

    Robert Goodson (President &)
  • Compensation: $241,822
  • Related: $0
  • Other: $14,155

    • Brian Coble (Sr. Vice Pre)
  • Compensation: $186,738
  • Related: $0
  • Other: $17,786

    • Eugene Butler (Bus. Develp.)
  • Compensation: $152,303
  • Related: $0
  • Other: $8,279

    • Michael Stowe (Engineer Iii)
  • Compensation: $138,098
  • Related: $0
  • Other: $21,671

    • Shawn Fitzpatrick (Engineer Iii)
  • Compensation: $140,997
  • Related: $0
  • Other: $14,787

    • Chrstine Maurer (Engineering)
  • Compensation: $132,048
  • Related: $0
  • Other: $19,013

    • David Farmer (Engineer V)
  • Compensation: $129,259
  • Related: $0
  • Other: $14,749

    • Jo Anne Sanford (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Powell (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Katharine Kollins (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carl Wilkins (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chris Edge (Member-At-La) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kendal Bowman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Dionne Delli-Gatti (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hayes Jernigan Finley (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adam Foodman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Peter Ledford (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Spruill (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gaylene Watson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.advancedenergy.org

    Where can I find the form 990 for North Carolina Advanced Energy Corporation?

    The North Carolina Advanced Energy Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.advancedenergy.org

    Learn more at the official website: www.advancedenergy.org

    Mission Statement of North Carolina Advanced Energy Corporation

    The North Carolina Advanced Energy Corporation, a pioneering entity, is committed to creating economic, environmental, and societal benefits through innovative and market-based approaches to energy issues. Its mission is multifaceted, encompassing the moderation of electricity demand and the strategic shift of demand to off-peak periods.

    In addition to these primary objectives, the corporation also focuses on educating consumers about energy, exploring alternatives to current electric generation technologies, and developing more economic sources of electric power. By doing so, it aims to increase system efficiency and load factors, and help moderate the future cost of electric service.

    Moreover, the North Carolina Advanced Energy Corporation demonstrates more efficient uses of electric power through its programs, which include testing, consulting, and training. These initiatives are designed to showcase innovative solutions to energy challenges, thereby contributing to a sustainable and economically viable energy future.

    Impact

    This information is meant to be a general summary of North Carolina Advanced Energy Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    North Carolina Advanced Energy Corporation's impact lies in its efforts to moderate the rise in demand for electricity and shift demand to off-peak periods. Through its work, the corporation not only fulfills its mission of creating economic, environmental, and societal benefits but also educates consumers about energy and provides alternatives to current electric generation technologies. By developing more economic sources of electric power and increasing system efficiency through conservation and load management, the corporation plays a crucial role in helping to moderate the future cost of electric service and demonstrating more efficient uses of electric power. Overall, North Carolina Advanced Energy Corporation's innovative and market-based approaches to energy issues contribute significantly to a sustainable energy future.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $102,057
  • Program Service Revenue: $7,078,036
  • Gross Receipts: $8,369,337

    • Assets and Liabilities:
  • Total Assets: $9,435,626
  • Total Liabilities: $974,282
  • Net Assets: $8,461,344
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM SERVICE REVENUE

    Revenue

    $7,078,036

    Organization Details

    Founding Year

    1980

    Principal Officer

    Robert Goodson

    Main Address

    909 CAPABILITY DRIVE, RALEIGH, NC, 27606

    NTEE Category

    Code: C35 - Environment

    If you are a representative of North Carolina Advanced Energy Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.