2024-09-09T16:34:36-05:00 2023-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2023-01-01 010471151 REGULATORY ASSISTANCE PROJECT REGU 8022238199 50 STATE STREET 3 MONTPELIER VT 05602 DAVID MOSKOVITZ INTERIM CEO 8022238199 2024-09-09 1 0 J CALVIN MARKS P01226973 9197196400 2023 2024-08-08 14:25:15Z DAVID MOSKOVITZ 50 STATE STREET 3 MONTPELIER VT 05602 8418755 0 X WWW.RAPONLINE.ORG X 1992 ME REGULATORY ASSISTANCE PROJECT (RAP) IS AN INDEPENDENT, GLOBAL ORGANIZATION ADVANCING POLICY INNOVATION, EDUCATION, AND THOUGHT LEADERSHIP WITHIN THE ENERGY COMMUNITY TO CREATE A CLEAN, RELIABLE, EQUITABLE, AND COST-EFFICIENT ENERGY FUTURE. 9 8 36 4 0 0 10522013 7295479 723291 1005633 41078 116190 12591 1453 11298973 8418755 0 0 0 0 4353851 5275179 0 0 148196 4285369 5212945 8639220 10488124 2659753 -2069369 12227815 10509027 1925104 2275685 10302711 8233342 X RAP IS AN INTERNATIONAL TEAM OF EXPERTS THAT EDUCATES AND PARTNERS WITH DECISION-MAKERS TO DEVELOP DATA-INFORMED, REAL-WORLD SOLUTIONS. WE RESEARCH AND SEEK SOLUTIONS THAT ARE NOT ONLY COST-EFFECTIVE AND RELIABLE, BUT ALSO CREATE STRONGER, MORE EQUITABLE COMMUNITIES. RAP EDUCATES POLICYMAKERS AND HELPS THEM NAVIGATE THE COMPLEX WORLD OF CLEAN ENERGY POLICY CREATION AND NEGOTIATION. AS A COMMITTED AND ENGAGED PARTNER, WE ALSO WORK HARD TO SPARK THE PASSION AND COMMITMENT OF THE STAKEHOLDER COMMUNITY. 0 0 3405510 872561 UNITED STATES: RAP'S EXPERIENCED TEAM OF TECHNICAL EXPERTS ASSIST DECISION-MAKERS NAVIGATE THE COMPLEX ISSUES POSED BY THE ACCELERATING CLEAN ENERGY TRANSFORMATION. AS TRUSTED ADVISORS, WE HELP STATES AND CITIES DEPLOY NEW CLEAN ENERGY TECHNOLOGIES AND BEST PRACTICES, PROTECT SYSTEM RELIABILITY AND CONSUMER INTERESTS, AND IMPROVE ENVIRONMENTAL PERFORMANCE. 2457700 133072 EUROPE: TO MEET EUROPE'S AGGRESSIVE CLIMATE GOALS, RAP PROVIDES THOUGHT LEADERSHIP AND DATA-INFORMED SOLUTIONS TO DECARBONIZE TRANSPORTATION AND POWER SYSTEMS, PHASE OUT FOSSIL FUEL GASSES, AND IMPROVE ENERGY EFFICIENCY. 1184560 CHINA: DRAWING ON OUR GLOBAL EXPERTISE, WE TAILOR ADVANCED ENERGY SOLUTIONS TO PROVINCIAL AND NATIONAL POLICYMAKERS WHEN REQUESTED. OUR EFFORTS SPAN THE BREADTH OF CHINA'S GOALS TO TRANSFORM ITS POWER SECTOR BY INCREASING ENERGY EFFICIENCY, IMPROVING RESOURCE PLANNING, INTEGRATING RENEWABLES INTO THE GRID, REDUCING AIR POLLUTION, AND DESIGNING MARKETS AND EMISSIONS TRADING REGIMES. 1886832 INDIA: RAP FOSTERS INNOVATIVE RESEARCH AND PROVIDES TRAINING AND TECHNICAL ASSISTANCE TO ENERGY REGULATORS AND DECISION-MAKERS. WE STIMULATE ROBUST PUBLIC DISCOURSE ON THE POLICIES NEEDED TO MEET INDIA'S CLIMATE AND CLEAN ENERGY GOALS.OTHER REGIONS OUTSIDE OUR CORE FOCUS: WE OCCASIONALLY TAKE ON WORK OUTSIDE OF OUR FOUR MAIN REGIONS IN SITUATIONS WHERE WE CAN HAVE A LASTING IMPACT. WE SEEK LONGER-TERM ENGAGEMENTS IN WHICH OUR DEEP REGULATORY EXPERTISE WILL BENEFIT POLICYMAKERS OR THE NGO COMMUNITY. OUR TEAM CONTEXTUALIZES ITS INTERNATIONAL EXPERTISE TO LOCAL CONDITIONS TO CREATE SUSTAINABLE SOLUTIONS TO LOCAL CHALLENGES. WE FOCUS ON BEST PRACTICES THAT CONSISTENTLY CREATE SUFFICIENT REVENUES TO ENSURE GRID RELIABILITY, DRIVE INVESTMENT IN CLEAN RESOURCES, BALANCE COST ALLOCATION FAIRLY AMONG DISPARATE GROUPS, SEND THE RIGHT PRICE SIGNALS TO CUSTOMERS, AND MOTIVATE PERFORMANCE CONSISTENT WITH PUBLIC POLICY OBJECTIVES. 1886832 8934602 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 34 0 1 36 1 0 1 BE 0 0 0 0 0 0 0 0 0 0 X 9 8 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X BRITTANY CURRIE 8022238199 50 STATE STREET NO 3 MONTPELIER VT 05602 RICHARD SEDANO PRESIDENT & CEO 40.00 X X 264041 0 45093 NOELLE MACKAY CHIEF OPERATING OFFICER 40.00 X 201219 0 40778 DAMALI HARDING PRINCIPAL 40.00 X 186782 0 43628 MAX DUPUY PRINCIPAL 40.00 X 210607 0 13598 DAVID FARNSWORTH PRINCIPAL 40.00 X 202945 0 17462 CARL B LINVILL PRINCIPAL 40.00 X 202741 0 16275 CHERYL GILBERT FINANCE DIRECTOR 40.00 X 157322 0 19938 REBECCA WIGG COMMUNICATIONS DIRECTOR 40.00 X 154874 0 10823 CAMILLE KADOCH PRINCIPAL 40.00 X 139431 0 9706 MARK LEBEL SENIOR ASSOCIATE 40.00 X 139068 0 9459 RICHARD COWART PRINCIPAL 40.00 X 137034 0 8780 AMANDA ORMOND CHAIR 1.00 X X 2000 0 0 PETER BRADFORD DIRECTOR 1.00 X 2000 0 0 SYDNEY MACKY MCLEARY IV DIRECTOR 1.00 X 2000 0 0 FRANKLIN TUGWELL DIRECTOR 1.00 X 2000 0 0 JOANNA LEWIS DIRECTOR (FROM JUN '23) 1.00 X 1500 0 0 COLIN OWYANG DIRECTOR (TO MAR '23) 1.00 X 0 0 0 HOWARD WENGER DIRECTOR 1.00 X 0 0 0 MIRANDA SCHREURS VICE CHAIR 1.00 X X 0 0 0 DOUGLAS OGDEN TREASURER, SECRETARY 1.00 X X 0 0 0 2005564 0 235540 14 0 1 0 MP ENSYSTEMS ADVISORY PVT LTD MM MALAVIYA RD MULUND WEST MUMBAI IN CONSULTING 254000 MASCLE ALLEMAND PUBLIC INVESTING CONSULT 29 PLACE GEORGES POMPIDOU LEVALLOIS PERRET FR 92300 CONSULTING 251032 ACEEE 529 14TH ST NW STE 600 WASHINGTON DC 20045 CONSULTING 207643 SHRAVYA REDDY CONSULTING PTY LTD VREDEHOEK/DEVELS PEAK ESTATE CAPE TOWN SF 7806 CONSULTING 177031 MONIKA MORAWIECKA TAGERMOOSSTRASSE 22 8700 KUSNACHT SZ CONSULTING 159254 13 7295479 7295479 CONTRACT REVENUE 900099 1005633 1005633 1005633 116190 116190 1453 1453 1453 8418755 1005633 0 117643 X 1454666 1161707 264371 28588 2138372 1720354 375571 42447 162709 130026 29543 3140 1240062 990974 225162 23926 279370 223254 50726 5390 23000 20459 2541 44728 1568 43160 4100461 3929045 139416 32000 55447 28939 25116 1392 123823 20810 103013 111417 60474 50938 5 201008 182536 14256 4216 357729 292120 60790 4819 35802 18676 17126 SUBSCRIPTIONS 60031 58262 1769 STAFF DEVELOPMENT 46766 44544 1968 254 PUBLICATIONS 43369 43369 MEMBERSHIPS 12040 9839 1951 250 -2676 -2354 -322 10488124 8934602 1405326 148196 9576477 7930236 1441355 1116442 69742 90629 273527 273527 0 0 1140241 1371720 12227815 10509027 854307 933393 1070797 1342292 1925104 2275685 X 3462735 3807109 6839976 4426233 10302711 8233342 12227815 10509027 -2069369 0 X 0 1 X 1 0 X 6888145 7011511 8215696 10522013 7295479 39932844 6888145 7011511 8215696 10522013 7295479 39932844 20121890 19810954 38122 54544 23123 41078 116190 273057 63466 68832 38670 12591 1453 185012 40390913 4122959 0.49050 0.50090 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 273527 273527 0 0 DEFERRED COMPENSATION 1167752 ROU ASSET - OPERATING LEASES 170834 DUE FROM AFFILIATES 26114 DEPOSITS 7020 1371720 DEFERRED COMPENSATION 1167752 LEASE LIABILITY - OPERATING LEASES 174540 1342292 X PART X, LINE 2: MANAGEMENT HAS CONCLUDED THAT RAP HAS PROPERLY MAINTAINED ITS EXEMPT STATUS AND HAS NOT TAKEN ANY UNCERTAIN TAX POSITIONS WHICH WOULD JEOPARDIZE ITS FEDERAL INCOME TAX EXEMPTION STATUS. EUROPE 2 16 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 2457700 EAST ASIA AND THE PACIFIC 1 5 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 1184560 SOUTH ASIA 0 5 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 1129524 3 26 0 0 3 26 4771784 0 4771784 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 RICHARD SEDANO PRESIDENT & CEO 247236 0 0 0 16805 0 19127 0 25966 0 309134 0 0 0 NOELLE MACKAY CHIEF OPERATING OFFICER 184622 0 0 0 16597 0 14746 0 26032 0 241997 0 0 0 DAMALI HARDING PRINCIPAL 170522 0 0 0 16260 0 14010 0 29618 0 230410 0 0 0 MAX DUPUY PRINCIPAL 194250 0 0 0 16357 0 13598 0 0 0 224205 0 0 0 DAVID FARNSWORTH PRINCIPAL 186141 0 0 0 16804 0 13320 0 4142 0 220407 0 0 0 CARL B LINVILL PRINCIPAL 185883 0 0 0 16858 0 13225 0 3050 0 219016 0 0 0 CHERYL GILBERT FINANCE DIRECTOR 127562 0 0 0 29760 0 9649 0 10289 0 177260 0 0 0 REBECCA WIGG COMMUNICATIONS DIRECTOR 138745 0 0 0 16129 0 9785 0 1038 0 165697 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 RAP REVISED THEIR BYLAWS DURING THE YEAR TO ACCOMPLISH THE FOLLOWING: UPDATE THEIR EXEMPT PURPOSE TO REFLECT THAT THEY PERFORM RESEARCH AND EDUCATIONAL PROGRAMS. ADJUST TERM LIMITS FOR DIRECTORS TO LIMIT CONSECUTIVE BOARD TERMS TO 3 TERMS, AND ESTABLISH THAT DIRECTORS MAY BE ELECTED AGAIN AFTER A PERIOD OF ONE YEAR OFF THE BOARD. A PRIOR DISTINCTION MADE BETWEEN "INTERNAL" DIRECTORS (THOSE WHO ARE OTHERWISE EMPLOYED BY RAP FOR FULFILLMENT OF DAY-TO-DAY CORPORATE ACTIVITIES) AND "EXTERNAL" DIRECTORS WAS REMOVED. CERTAIN REFERENCES WITHIN THE BYLAWS TO THESE INTERNAL DIRECTORS, INCLUDING A PROHIBITION ON PRIVATE GAIN FOR THESE DIRECTORS, WAS REMOVED. THE CHIEF EXECUTIVE OFFICER AND PRESIDENT SHALL NOW SERVE AS AN EX-OFFICIO MEMBER OF THE BOARD OF DIRECTORS. AN EX-OFFICIO BOARD DIRECTOR SHALL HAVE THE SAME VOTING RIGHTS AS OTHER MEMBERS. AN EX-OFFICIO BOARD DIRECTOR SHALL NOT BE SUBJECT TO TERM LIMITS, AND SHALL NOT BE ENTITLED TO THE NOMINAL BOARD OF DIRECTOR COMPENSATION REFERENCED BELOW. BOARD MEMBERS, OTHER THAN THE EX-OFFICIO MEMBERS, MAY NOW BE COMPENSATED AT THE NOMINAL RATE FOR THEIR DUTIES. CERTAIN RULES FOR PROXY REPRESENTATION WERE ADDED. FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEW FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ANNUALLY SIGN STATEMENTS INDICATING THEIR STATUS WITH ANY CONFLICTS, OR LACK OF ANY CONFLICTS. EMPLOYEES SIGN A CONFLICT OF INTEREST STATEMENT UPON EMPLOYMENT AND MUST REPORT ANY CIRCUMSTANCES AND CHANGES OF STATUS ANNUALLY. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS ARE SET BY REFERENCE TO NATIONAL SURVEYS AND SIMILAR ORGANIZATIONS IN SIMILAR MARKETS. INDIVIDUAL SALARY RECOMMENDATIONS ARE APPROVED BY THE BOARD OF DIRECTORS DURING THE ANNUAL BUDGET PROCESS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 2,778,086. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,778,086. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 1,150,959. MANAGEMENT AND GENERAL EXPENSES 139,416. FUNDRAISING EXPENSES 32,000. TOTAL EXPENSES 1,322,375. REGULATORY ASSISTANCE PROJECT ASBL RUE DE LA SCIENCE 23 BRUSSELS BE ENERGY & ENVIRONMENT BE RAP 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 REGULATORY ASSISTANCE PROJECT ASBL O 588173 FMV REGULATORY ASSISTANCE PROJECT ASBL P 588173 FMV