2025-10-29T12:29:48-05:00 2024-12-31 521446779 JOHNSON LAMBERT LLP 4242 SIX FORKS ROAD SUITE 1500 RALEIGH NC 27609 990 2024-01-01 010471151 REGULATORY ASSISTANCE PROJECT REGU 8022238199 50 STATE STREET 3 MONTPELIER VT 05602 KATHERINE DIXON CEO 8022238199 2025-10-29 1 0 J CALVIN MARKS P01226973 9197196400 2024 2025-03-06 01:10:19Z KATHERINE DIXON 50 STATE STREET 3 MONTPELIER VT 05602 10015374 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. 10 10 44 5 0 0 7295479 8953099 1005633 894081 116190 152869 1453 15325 8418755 10015374 0 0 0 0 5275179 6023332 0 0 130656 5212945 3723866 10488124 9747198 -2069369 268176 10509027 10783369 2275685 2193812 8233342 8589557 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 3422047 616149 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. 2113073 277932 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. 962634 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. 1583460 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. 1583460 8081214 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 31 0 1 44 1 0 1 BE 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 0 0 0 1 1 0 0 0 1 1 1 1 0 1 1 0 X JORDAN ROLLO 8022238199 50 STATE STREET NO 3 MONTPELIER VT 05602 RICHARD SEDANO CEO PARTIAL YEAR /PRINCIPAL 40.00 X 246438 0 47706 NOELLE MACKAY COO (TO JUNE '24) 40.00 X 238384 0 21851 DAMALI HARDING PRINCIPAL 40.00 X 206403 0 49512 CARL B LINVILL PRINCIPAL 40.00 X 231746 0 18374 MAX DUPUY PRINCIPAL 40.00 X 216141 0 13894 DAVID FARNSWORTH PRINCIPAL 40.00 X 211404 0 14741 RONNY SANDOVAL PRINCIPAL 40.00 X 167466 0 32611 RICHARD COWART PRINCIPAL 40.00 X 182570 0 11788 CAMILLE KADOCH PRINCIPAL, GENERAL COUNSEL 40.00 X 166107 0 11340 REBECCA WIGG COMMUNICATIONS DIRECTOR 40.00 X 163760 0 10904 MARK LEBEL SENIOR ASSOCIATE 40.00 X 145559 0 9739 SHAWN ENTERLINE SENIOR ASSOCIATE 40.00 X 140100 0 11836 JUDITH MILLER DIRECTOR GLOBAL PEOPLE OPERATIONS 40.00 X 141757 0 8360 DAVID MOSKOVITZ CEO PARTIAL YEAR /PRINCIPAL 40.00 X 63151 0 6392 AMANDA ORMOND CHAIR 1.00 X X 2000 0 0 PETER BRADFORD DIRECTOR 1.00 X 2000 0 0 JOANNA LEWIS DIRECTOR 1.00 X 2000 0 0 SYDNEY MACKY MCLEARY IV DIRECTOR 1.00 X 2000 0 0 ANAND PATWARDHAND DIRECTOR (FROM JUN '24) 1.00 X 1500 0 0 FRANKLIN TUGWELL DIRECTOR (TO MAR '24) 1.00 X 500 0 0 MIRANDA SCHREURS VICE CHAIR 1.00 X X 0 0 0 DOUGLAS OGDEN TREASURER, SECRETARY 1.00 X X 0 0 0 KATIE MCCORMACK DIRECTOR (FROM JUN '24) 1.00 X 0 0 0 ALISON SILVERSTEIN DIRECTOR (FROM JUN '24) 1.00 X 0 0 0 HOWARD WENGER DIRECTOR 1.00 X 0 0 0 2530986 0 269048 13 0 1 0 MONIKA MORAWIECKA TAGERMOOSSTRASSE 22 8700 KUSNACHT SZ CONSULTING 159496 SHRAVYA REDDY CONSULTING PTY LTD VREDEHOEK/DEVELS PEAK ESTATE CAPE TOWN SF CONSULTING 121505 DOMINIC SCOTT (RANIS) 28 RAUOALAEKUR 105 REYKJAVIK IC CONSULTING 113540 3 8953099 8953099 CONTRACT REVENUE 900099 894081 894081 894081 152869 152869 REIMBURSED EXPENSES 900099 8975 8975 EXCHANGE GAIN 900099 6350 6350 15325 10015374 894081 0 168194 X 2168519 1759131 366490 42898 1958232 1595584 323783 38865 140955 115320 22795 2840 1439939 1178062 232870 29007 315687 258274 51053 6360 9946 9946 50003 1472 48531 2570934 2362183 206251 2500 67732 38770 27361 1601 138582 13437 123546 1599 119029 68365 50525 139 303136 289047 12180 1909 138682 137846 836 31073 20597 10476 STAFF DEVELOPMENT 96299 76228 17822 2249 PUBLICATIONS 72982 72548 434 SUBSCRIPTIONS 62628 61322 1051 255 MEMBERSHIPS 5741 4539 1202 57099 28489 28610 9747198 8081214 1535328 130656 7930236 7910757 1116442 520632 90629 81329 273527 273527 0 0 0 772162 1371720 1498489 10509027 10783369 933393 700075 1342292 1493737 2275685 2193812 X 3807109 4269971 4426233 4319586 8233342 8589557 10509027 10783369 X 268176 85146 2893 X 0 1 X 1 0 X 7011511 8215696 10522013 7295479 8953099 41997798 7011511 8215696 10522013 7295479 8953099 41997798 18084163 23913635 54544 23123 41078 116190 152869 387804 68832 38670 12591 1453 15325 136871 42522473 4145562 0.56240 0.49050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 273527 273527 0 0 DEFERRED COMPENSATION 1410916 ROU ASSET - OPERATING LEASES 82824 DEPOSITS 4749 1498489 DEFERRED COMPENSATION 1410916 LEASE LIABILITY - OPERATING LEASES 82821 1493737 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 17 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 2112000 EAST ASIA AND THE PACIFIC 1 4 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 1185000 SOUTH ASIA 0 5 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 702000 SUB-SAHARAN AFRICA 0 0 PROGRAM SERVICES ADVICE, RESEARCH, TRAINING 122000 3 26 0 0 3 26 4121000 0 4121000 0 0 0 0 0 0 X X X 1 0 0 0 0 0 0 0 0 RICHARD SEDANO CEO PARTIAL YEAR /PRINCIPAL 245234 0 0 0 1204 0 18059 0 29647 0 294144 0 0 0 NOELLE MACKAY COO (TO JUNE '24) 109468 0 0 0 128916 0 7528 0 14323 0 260235 0 0 0 DAMALI HARDING PRINCIPAL 205743 0 0 0 660 0 15593 0 33919 0 255915 0 0 0 CARL B LINVILL PRINCIPAL 230474 0 0 0 1272 0 15174 0 3200 0 250120 0 0 0 MAX DUPUY PRINCIPAL 215385 0 0 0 756 0 13894 0 0 0 230035 0 0 0 DAVID FARNSWORTH PRINCIPAL 210200 0 0 0 1204 0 13610 0 1131 0 226145 0 0 0 RONNY SANDOVAL PRINCIPAL 165366 0 0 0 2100 0 11846 0 20765 0 200077 0 0 0 RICHARD COWART PRINCIPAL 181472 0 0 0 1098 0 11538 0 250 0 194358 0 0 0 CAMILLE KADOCH PRINCIPAL, GENERAL COUNSEL 160562 0 0 0 5545 0 10140 0 1200 0 177447 0 0 0 REBECCA WIGG COMMUNICATIONS DIRECTOR 161708 0 0 0 2052 0 10187 0 717 0 174664 0 0 0 MARK LEBEL SENIOR ASSOCIATE 145077 0 0 0 482 0 9022 0 717 0 155298 0 0 0 SHAWN ENTERLINE SENIOR ASSOCIATE 139514 0 0 0 586 0 8796 0 3040 0 151936 0 0 0 JUDITH MILLER DIRECTOR GLOBAL PEOPLE OPERATIONS 136323 0 0 0 5434 0 8360 0 0 0 150117 0 0 0 PART I, LINE 4A NOELLE MACKAY RECEIVED SEVERANCE OF $107,705 FORM 990, PART VI, SECTION A, LINE 4 RAP REVISED THEIR BYLAWS DURING THE YEAR TO ACCOMPLISH THE FOLLOWING: THE BOARD MAY ASK A PARTICULAR BOARD MEMBER TO SERVE A FOURTH CONSECUTIVE THREE-YEAR TERM IF THAT MEMBER BRINGS SPECIFIC SKILLS OR VALUE THAT OTHER MEMBERS CANNOT PROVIDE. BOARD MEMBER APPOINTMENT TO A FOURTH THREE-YEAR TERM REQUIRES THE AFFIRMATIVE VOTE OF TWO-THIRDS (2/3) OF THE DIRECTORS AT ANY MEETING SO NOTICED FOR THAT ACTION. 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 1,720,884. MANAGEMENT AND GENERAL EXPENSES 2,064. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,722,948. CONTRACTED SERVICES: PROGRAM SERVICE EXPENSES 641,299. MANAGEMENT AND GENERAL EXPENSES 204,187. FUNDRAISING EXPENSES 2,500. TOTAL EXPENSES 847,986. FORM 990, PART XI, LINE 9: EXCHANGE GAIN 2,893. 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 338205 FMV REGULATORY ASSISTANCE PROJECT ASBL P 338205 FMV