2023-11-15T15:30:37-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP TWO INTERNATIONAL PLACE 22ND FLOOR BOSTON MA 02110 990 2022-01-01 522106274 THOMAS ALVA EDISON FOUNDATION THOM 2025085440 701 PENNSYLVANIA AVENUE NW WASHINGTON DC 200042696 JOHN S SCHLENKER TREASURER 2025085440 2023-11-14 1 JOHN SCHLENKER XXX-XX-XXXX 0 LAURA J KENNEY P00202198 6177170831 2023-11-10 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z THOMAS R KUHN 701 PENNSYLVANIA AVENUE NW WASHINGTON DC 200042696 1507030 0 X WWW.EDISONFOUNDATION.NET X 1998 DC BRING THE BENEFITS OF ELECTRICITY TO FAMILIES, BUSINESSES, AND INDUSTRIES WORLDWIDE. 11 10 0 10 0 0 1234916 1506750 0 0 285 280 0 0 1235201 1507030 4000 8000 0 0 550169 545009 0 0 0 358879 498382 913048 1051391 322153 455639 2888308 3099555 333645 89253 2554663 3010302 X THE EDISON FOUNDATION IS A 501(C)(3) CHARITABLE ORGANIZATION DEDICATED TO BRINGING THE BENEFITS OF ELECTRICITY TO FAMILIES, BUSINESSES, AND INDUSTRIES WORLDWIDE. 1 0 820969 8000 0 EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION:THE EDISON FOUNDATION INSTITUTE FOR ELECTRIC INNOVATION (IEI) FOCUSES ON ADVANCING THE ADOPTION AND APPLICATION OF NEW TECHNOLOGIES THAT WILL STRENGTHEN AND TRANSFORM THE POWER 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 CY2022, THE FOLLOWING WERE SIGNIFICANT ACCOMPLISHMENTS OF THE INSTITUTE FOR ELECTRIC INNOVATION:CONTINUED ON SCHEDULE OANNUAL POWERING THE PEOPLE EVENTIN OCTOBER 2022, IEI HOSTED ITS ANNUAL EVENT FOCUSED ON CUSTOMER PARTNERSHIPS DRIVING THE FUTURE OF ENERGY. THIS YEAR'S EVENT FOCUSED ON TWO HIGH PRIORITY AREAS FOR THE ELECTIC POWER SECTOR: 100% CARBON FREE ENERGY SOLUTIONS: PREFERENCES, CHALLENGES, AND PATHWAYS FORWARD AND USING TECHNOLOGIES TO ENGAGE CUSTOMERS AND DRIVE BUSINESS AND CLIMATE OUTCOMES. ELECTRIC COMPANIES, TECHNOLOGY COMPANIES, POLICY MAKERS, REGULATORS AND OTHER STAKEHOLDERS ATTENDED THE EVENT.IEI EXECUTIVE DIALOGUESIN 2022, IEI BROUGHT TOGETHER TECHNOLOGY COMPANY EXECUTIVES AND ELECTRIC COMPANY CEOS AND SENIOR EXECUTIVES FOR ITS THOUGHT LEADERS SPEAK OUT EXECUTIVE DIALOGUE SERIES, WHICH FOCUSED ON USING TECHNOLOGY TO SUCCESSFULLY ENGAGE WITH RESIDENTIAL CUSTOMERS.NARUC BREAKFAST BRIEFINGIN JULY 2022, IEI HOSTED A BREAKFAST BRIEFING IN PARTNERSHIP WITH THE WORLD RESOURCES INSTITUTE (WRI) FOR NATIONAL ASSOCIATION OF REGULATORY UTILITY COMMISSIONER MEMBERS FOCUSED ON 100% CARBON FREE ENERGY SOLUTIONS FOR CORPORATE CUSTOMERS: MOVING FROM ANNUAL TO HOURLY MATCHING. CARBON FREE ENERGY INITIATIVEIN 2022, IEI RELEASED ISSUE BRIEF TITLED "DESIGNING 100% CARBON FREE ENERGY SOLUTIONS: PREFERENCES, CHALLENGES, AND PATHWAYS FORWARD." THE ISSUE BRIEF INCORPORATED THE DISCUSSIONS AND LEARNINGS FROM A SERIES OF WORKSHOPS CONVENED BY IEI AND WRI AND EXPLORED THE CURRENT STATE OF CORPORATE CUSTOMER DEMAND FOR TIME-MATCHED 100% CARBON FREE ENERGY SOLUTIONS, ATTRIBUTES THAT MATTER MOST TO CUSTOMERS, AND CHALLENGES WITH SCALING THESE SOLUTIONS. 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 2022, IEI PRODUCED AN ISSUE BRIEF ON ELECTRIC COMPANY SMART METER DEPLOYMENTS AND FACTS SHEETS FOCUSED ON THE STATE OF CLEAN ENERGY IMPLEMENTATION. IN APRIL 2022, IEI AUTHORED, "U.S. ELECTRIC COMPANIES ARE INNOVATING TO PROVIDE THE SOLUTIONS AND OPTIONS THAT CUSTOMERS WANT," AN ESSAY INCLUDED IN THE U.S. DOE/BERKELEY LABS' FUTURE ELECTRIC UTILITY REGULATION SERIES REPORT "THE ROLE OF INNOVATION IN THE ELECTRIC UTILITY SECTOR." 114500 0 0 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 GOALS RELIABLY 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 CY2022, THE FOLLOWING WERE SIGNIFICANT ACCOMPLISHMENTS OF THE INSTITUTE FOR THE ENERGY TRANSITION: CONTINUED ON SCHEDULE O.IET EXECUTIVE CLEAN TECHNOLOGY DIALOGUESIN 2022, IET PARTNERED WITH MCKINSEY TO ORGANIZE A SERIES OF CLEAN TECHNOLOGY DIALOGUES TO BE HELD IN 2023 FOR TECHNOLOGY COMPANY EXECUTIVES AND ELECTRIC COMPANY CEOS AND SENIOR EXECUTIVES. THE DIALOGUES WILL FOCUS 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.GLOBAL POWER SECTOR ASSESSMENTIN 2022, IET ENGAGED ICF TO PRODUCE A PUBLIC REPORT 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 2023. 935469 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 1 0 1 1 1 1 1 0 0 0 1 1 1 1 1 0 0 0 X JOHN SCHLENKER 2025085440 701 PENNSYLVANIA AVENUE NW WASHINGTON DC 200042696 MR THOMAS R KUHN PRESIDENT 1.00 43.00 X X 0 3669800 4328210 MR BRIAN L WOLFF EXECUTIVE VICE PRESIDENT 1.00 44.00 X 0 1282450 655295 MS EMILY SANFORD FISHER EXECUTIVE VICE PRESIDENT 2.00 43.00 X 0 693089 151676 MR JOHN S SCHLENKER TREASURER 1.00 44.00 X 0 445695 257000 MS LISA WOOD VICE PRESIDENT 2.00 43.00 X 21775 413729 213935 MS STEPHANIE VOYDA SVP, COMM & MEMBER ENGAGEMENT, EEI 1.00 44.00 X 9863 483281 95521 MR ERIC HOLDSWORTH ED, INST FOR THE ENERGY TRANSITION 2.00 43.00 X 0 293024 38432 MR ADAM COOPER ED, INST FOR ELECTRIC INNOVATION 34.00 11.00 X 164342 54781 56775 MS VICTORIA L CALDERON SECRETARY 1.00 43.00 X 0 222234 48998 MS NIKI NELSON SR DIR, BRAND STRAT CRTIVE SVCS, EEI 0.50 43.50 X 1970 195095 52801 MR STEVEN MCCUNE SR MGR,WEB/INTERACTIVE MEDIA DEV,EEI 0.50 44.50 X 1398 138458 21024 MR CHRISTOPHER M CRANE CHAIR THRU 6/22, MEMBER AS OF 6/22 1.00 1.00 X 0 0 0 MR GERARD M ANDERSON MEMBER THRU 6/22, CHAIR AS OF 6/22 1.00 4.00 X 0 0 0 MR NICHOLAS K AKINS MEMBER 1.00 1.00 X 0 0 0 MR WARNER L BAXTER MEMBER 1.00 4.00 X 0 0 0 MS PATRICIA K VINCENT-COLLAWN MEMBER 1.00 1.00 X 0 0 0 MR THOMAS A FANNING MEMBER 1.00 1.00 X 0 0 0 MR BENJAMIN GS FOWKE III MEMBER AS OF 6/22 1.00 0.00 X 0 0 0 MS LYNN J GOOD MEMBER 1.00 1.00 X 0 0 0 MR PEDRO J PIZARRO MEMBER 1.00 4.00 X 0 0 0 MS MARIA M POPE MEMBER AS OF 6/22 1.00 4.00 X 0 0 0 199348 7891636 5919667 1 0 1 0 0 1506750 1506750 280 280 1507030 0 0 280 X 8000 8000 227051 227051 247278 247278 6105 6105 38664 38664 25911 25911 516 516 18061 18061 277963 277963 8648 225 8423 1017 1017 17096 17096 20830 20830 ALLOCATED EEI EXPENSES 153834 65929 87905 DUES & SUBSCRIPTIONS 417 417 1051391 935469 115922 0 2808170 2633117 1000 7583 79138 458855 2888308 3099555 90145 80753 243500 8500 333645 89253 X 2554663 2760302 0 250000 2554663 3010302 2888308 3099555 455639 0 X 0 1 X 1 0 X 1425506 1342514 1257916 1234916 1506750 6767602 1425506 1342514 1257916 1234916 1506750 6767602 1344718 5422884 3624 4280 3000 285 280 11469 6779071 45000 0.79990 0.81330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 DUE FROM AFFILIATE 458855 458855 X PART X, LINE 2: EEI IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE (IRC). THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE IRC. EEI AND THE FOUNDATION HAVE EVALUATED THEIR TAX POSITIONS AND DETERMINED THAT THEIR POSITIONS ARE MORE-LIKELY-THAN-NOT TO BE SUSTAINED ON EXAMINATION. EEI AND THE FOUNDATION'S TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. 1 MIDWEST ENERGY EFFICIENCY ALLIANCE 20 N WACKER DRIVE SUITE 1301 CHICAGO IL 60606 364352022 501(C)(3) 8000 0 N/A N/A PROGRAM SUPPORT 1 0 PART I, LINE 2: TAEF MADE A GRANT TO A SECTION 501(C)(3) PUBLIC CHARITY AND DOES NOT MONITOR USE AFTER FUNDS HAVE BEEN AWARDED. 0 1 0 0 0 0 0 0 0 MR THOMAS R KUHN PRESIDENT 0 1155716 0 1289940 0 1224144 0 4287831 0 40379 0 7998010 0 0 MR BRIAN L WOLFF EXECUTIVE VICE PRESIDENT 0 849774 0 421000 0 11676 0 641455 0 13840 0 1937745 0 0 MS EMILY SANFORD FISHER EXECUTIVE VICE PRESIDENT 0 470000 0 220000 0 3089 0 147949 0 3727 0 844765 0 0 MR JOHN S SCHLENKER TREASURER 0 306553 0 134000 0 5142 0 227200 0 29800 0 702695 0 0 MS LISA WOOD VICE PRESIDENT 15103 286958 6250 118750 422 8021 10052 190988 645 12250 32472 616967 0 0 MS STEPHANIE VOYDA SVP, COMM & MEMBER ENGAGEMENT, EEI 6815 333953 2960 145040 88 4288 1403 68726 508 24884 11774 576891 0 0 MR ERIC HOLDSWORTH ED, INST FOR THE ENERGY TRANSITION 0 251300 0 37700 0 4024 0 37792 0 640 0 331456 0 0 MR ADAM COOPER ED, INST FOR ELECTRIC INNOVATION 149312 49771 13725 4575 1305 435 23466 7822 19115 6372 206923 68975 0 0 MS VICTORIA L CALDERON SECRETARY 0 191641 0 28600 0 1993 0 28862 0 20136 0 271232 0 0 MS NIKI NELSON SR DIR, BRAND STRAT CRTIVE SVCS, EEI 1754 173674 197 19503 19 1918 294 29150 234 23123 2498 247368 0 0 MR STEVEN MCCUNE SR MGR,WEB/INTERACTIVE MEDIA DEV,EEI 1286 127345 87 8613 25 2500 84 8270 127 12543 1609 159271 0 0 PART I, LINE 3 COMPENSATION IS SET BY THE EDISON ELECTRIC INSTITUTE, A RELATED ORGANIZATION, BASED ON RESULTS FROM COMPENSATION SURVEYS, FORM 990 OF OTHER ORGANIZATIONS AND A REVIEW BY AN INDEPENDENT CONSULTANT ON AN ANNUAL BASIS. THE PRESIDENT'S COMPENSATION IS REVIEWED BY THE RELATED ORGANIZATION'S COMPENSATION COMMITTEE AND APPROVED BY THE RELATED ORGANIZATION'S EXECUTIVE COMMITTEE AND BOARD. PART I, LINE 4B THOMAS KUHN EARNED BENEFITS OF $5,133,058 UNDER NON-QUALIFIED PLANS. CURRENT AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III) AND COLUMN (C). IN ADDITION TO THE BENEFITS LISTED ABOVE IN PART I, LINE 4B, THE EDISON ELECTRIC INSTITUTE PROVIDES NON-QUALIFIED DEFERRED COMPENSATION PLANS FOR ELIGIBLE MANAGEMENT EMPLOYEES. CURRENT YEAR AMOUNTS ARE INCLUDED IN SCH J, PART II, COLUMN (C). FOR A FROZEN GROUP OF ELIGIBLE MANAGEMENT EMPLOYEES, THESE NON-QUALIFIED PLAN BENEFITS ARE VESTED ONE YEAR AFTER SEPARATION FROM SERVICE FROM EEI PROVIDED THE EMPLOYEE SEPARATES ON OR AFTER ATTAINING AGE 55 AND COMPLETING FIVE OR MORE YEARS OF SERVICE OR ATTAINING AGE 65 AND SATISFYING THE RESTRICTIVE COVENANTS OF A CONFIDENTIAL INFORMATION, NON-COMPETITION AND NON-SOLICITATION AGREEMENT. FOR A SECOND GROUP OF ELIGIBLE MANAGEMENT EMPLOYEES, THE NON-QUALIFIED PLAN BENEFITS ARE VESTED ON THE ELIGIBLE EMPLOYEE'S RETIREMENT DATE WHICH OCCURS ON OR AFTER ATTAINING THE AGE OF 55 AND COMPLETING FIVE OR MORE YEARS OF SERVICE OR ATTAINING THE AGE OF 65. EMILY FISHER $100,050 JOHN SCHLENKER $218,839 BRIAN WOLFF $621,155 LISA WOOD $176,477 STEPHANIE VOYDA $24,440 FORM 990, PART III, LINE 2 IN 2022, THE EDISON FOUNDATION ESTABLISHED THE INSTITUTE FOR THE ENERGY TRANSITION. PLEASE REFER TO FORM 990, PART III, LINE 4B FOR DETAILS. FORM 990, PART VI, SECTION A, LINE 2 THOMAS KUHN, BRIAN WOLFF, EMILY FISHER, JOHN SCHLENKER, LISA WOOD, STEPHANIE VOYDA, ERIC HOLDSWORTH, ADAM COOPER, VICTORIA CALDERON, NIKI NELSON AND STEVEN MCCUNE HAVE A BUSINESS RELATIONSHIP AS THEY WERE ALL EMPLOYED BY EEI, A RELATED ORGANIZATION FOR WHICH KUHN, WOLFF, FISHER, SCHLENKER, WOOD, AND VOYDA SERVED AS OFFICERS. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED TO REFLECT A CHANGE IN DC LAW, WHICH GOVERNS THE FOUNDATION, AND WHICH PROHIBITS THE SAME OFFICER FROM SERVING AS BOTH THE PRESIDENT AND TREASURER OF THE FOUNDATION. PREVIOUSLY, THE BYLAWS PROHIBITED THE SAME OFFICER FROM SERVING AS BOTH PRESIDENT AND SECRETARY AS AT THE TIME OF THE BYLAWS' DRAFTING, THE PROHIBITION APPLIED TO THE ROLES OF PRESIDENT AND SECRETARY. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO CLASSES OF MEMBERS. CLASS A MEMBERSHIP IS COMPRISED OF THE EDISON ELECTRIC INSTITUTE. CLASS B MEMBERSHIP SHALL BE THE PERSONS CONSTITUTING THE VOTING MEMBERS OF EDISON ELECTRIC INSTITUTE. FORM 990, PART VI, SECTION A, LINE 7A THE CLASS A MEMBER SHALL HAVE THE EXCLUSIVE RIGHT TO ELECT DIRECTORS TO SUCCEED THE INITIAL DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE CLASS A MEMBER SHALL HAVE NO LIMITATION ON THE VOTING POWER OR AUTHORITY, EXCEPT AS MAY BE PROVIDED IN THE BYLAWS. THE CLASS A MEMBER SHALL HAVE THE POWER TO REPEAL OR AMEND THE BYLAWS, OR ADOPT NEW BYLAWS. CLASS B MEMBERS ARE PROVIDED THE RIGHTS, PRIVILEGES, OBLIGATIONS AND RESPONSIBILITIES OF CLASS B MEMBERS AS PRESCRIBED BY THE BYLAWS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE ORGANIZATION'S OUTSIDE CPA FIRM AND REVIEWED BY ORGANIZATION'S MANAGEMENT IN ADVANCE OF FILING. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS ADOPTED THE WRITTEN CONFLICT OF INTEREST POLICIES OF EDISON ELECTRIC INSTITUTE, INC (EEI) FOR ALL OFFICERS, DIRECTORS, AND KEY EMPLOYEES. EEI'S EMPLOYEE HANDBOOK AND CODE OF CONDUCT HAVE BEEN DISTRIBUTED TO ALL EMPLOYEES AND ARE ON EEI'S INTRANET SITE. THESE DOCUMENTS INCLUDE, IN PART, EEI'S CORE VALUES, OPERATING PRINCIPLES, CONFLICT OF INTEREST POLICY AND WHISTLEBLOWER POLICY, WHICH INCLUDES A CONFIDENTIAL 800 TELEPHONE NUMBER. PERIODIC REMINDERS ARE GIVEN. EEI HAS A WRITTEN DIRECTOR'S CONFLICT OF INTEREST POLICY, APPLICABLE TO ALL MEMBERS OF ITS BOARD OF DIRECTORS, WHICH WAS FORMALLY ADOPTED BY EEI'S BOARD. PERIODIC REMINDERS ARE GIVEN. EEI ALSO HAS A CORPORATE COMPLIANCE OFFICER, A VENDOR CODE OF CONDUCT POLICY, AND A POLICY AND PROCEDURE FOR REPORTING VIOLATIONS OF THE CODE OF CONDUCT AS WELL AS CONCERNS ABOUT THE USE OF EEI'S CORPORATE RESOURCES AND FINANCIAL REPORTING. THERE HAS NOT BEEN A VIOLATION OF THE CONFLICT OF INTEREST POLICIES; ALTHOUGH WE STAND READY TO ENFORCE THE POLICIES IN APPROPRIATE CIRCUMSTANCES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S ARTICLES OF INCORPORATION AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. THE ORGANIZATION'S AUDITED FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC; HOWEVER, THE BALANCE SHEET AND INCOME STATEMENT CAN BE FOUND ON THE FORM 990 WHICH IS MADE AVAILABLE TO THE PUBLIC ON VARIOUS WEB SITES AND UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 277,963. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 277,963. EDISON ELECTRIC INSTITUTE 701 PENNSYLVANIA AVENUE NW WASHINGTON DC 200042696 130659550 TO PROVIDE A FORUM FOR THE ELECTRIC POWER INDUSTRY VA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 EDISON ELECTRIC INSTITUTE N 171090 FMV EDISON ELECTRIC INSTITUTE O 606148 FMV EDISON ELECTRIC INSTITUTE S 1168500 CASH