2026-08-05T11:54:44-05:00 2025-12-31 881478669 CBIZ ADVISORS LLC 1899 L STREET NW 850 WASHINGTON DC 20036 990 2025-01-01 454244605 INSTITUTE FOR ENERGY ECONOMICS AND FINANCIAL ANALYSIS INC INST 2163537344 PO BOX 472 VALLEY CITY OH 44280 ALEXANDRA BUCHANAN CEO 2163537344 2026-08-04 1 AARON FOX P01365820 2022274000 2026-08-04 2025 2025-03-06 01:10:19Z ALEXANDRA BUCHANAN PO BOX 472 VALLEY CITY OH 44280 15100200 0 X HTTPS://IEEFA.ORG/ X 2011 MA TO ACCELERATE THE TRANSITION TO A DIVERSE, SUSTAINABLE AND PROFITABLE ENERGY ECONOMY. 9 9 31 9 0 0 11253308 14613145 119000 122000 177914 178305 -47983 186750 11502239 15100200 2140401 2183114 0 0 7102076 6383956 0 0 433872 4099101 3605639 13341578 12172709 -1839339 2927491 8067452 11132859 114393 252309 7953059 10880550 TO ACCELERATE THE TRANSITION TO A DIVERSE, SUSTAINABLE AND PROFITABLE ENERGY ECONOMY. 0 0 9858212 2183114 122000 TO CONDUCT ANALYSIS AND PUBLISH AND RELEASE STUDIES ON ENERGY ISSUES; RESOURCE PLANNING; POWER PLANT ECONOMICS AND FINANCING; THE FINANCIAL AND ECONOMIC RISKS OF ENERGY ALTERNATIVES; WATER AND ENERGY; AND COAL AND OIL RESERVES, EXPORTS, AND PRICES. 526592 TO SPONSOR EDUCATION AND OUTREACH INCLUDING CONFERENCES, WEBINARS, SEMINARS AND OTHER EDUCATIONAL EVENTS AND PRODUCTS. 10384804 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 1 0 0 1 15 0 1 31 1 0 1 AS 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA NY OH X X ALEXANDRA BUCHANAN 2163537344 PO BOX 472 VALLEY CITY OH 44280 SERGIO KNAEBEL PRESIDENT 5.00 X X 0 0 0 INGRID VILA-BIAGGI VICE PRESIDENT 1.00 X X 0 0 0 DANA OMRAN TREASURER 1.00 X X 0 0 0 SARAH JANE AHMED DIRECTOR 1.00 X 0 0 0 AL ARMENDARIZ DIRECTOR 1.00 X 0 0 0 SARAH BRENNAN DIRECTOR 1.00 X 0 0 0 CHRIS MEYER DIRECTOR 1.00 X 0 0 0 LARRY SHAPIRO DIRECTOR 1.00 X 0 0 0 KARTIKEYA SINGH DIRECTOR 1.00 X 0 0 0 ALEXANDRA BUCHANAN CEO/BOARD SECRETARY 33.00 X 231868 0 27160 SARAH WEEKS CHIEF FINANCIAL OFFICER 40.00 X 213398 0 39292 DENNIS WAMSTED ENERGY FINANCE ANALYST 40.00 X 166258 0 31561 ABHISHEK SINHA PETROCHEMICAL ENERGY FINANCE ANALYST 40.00 X 166551 0 47362 JOHN HAUBER JR STRATEGIC ENERGY FINANCE ADVISOR 40.00 X 161001 0 46137 SETH FEASTER ENERGY DATA ANALYST 40.00 X 159296 0 38550 PAUL WILLIAMS-DERRY ENERGY FINANCE ANALYST 36.87 X 158445 0 41339 1256817 0 271401 16 0 1 0 GLENMAR PUBLIC POLICY RESEARCH ASSOCIATE 135 EASTERN PARKWAY 13K BROOKLYN NY 11238 RESEARCH CONSULTING SERVICES 221112 GHEE PEH UNIT 115 FLBLOCK DKINGSFORD GARD HONG KONG CH RESEARCH CONSULTING SERVICES 116808 DOCHERTY CONSULTING 55B WALDEMAR THRANES GATE OSLO NO 0173 RESEARCH CONSULTING SERVICES 114587 3 14613145 25277 14613145 RESEARCH 541700 122000 122000 122000 178305 178305 FOREIGN CURRENCY GAIN 900099 161397 161397 OTHER REVENUE 900099 25353 25353 186750 15100200 122000 0 365055 X 2183114 2183114 511718 155417 265641 90660 4669053 4305111 240523 123419 104244 80863 17831 5550 836318 724114 79972 32232 262623 191090 51115 20418 70742 34636 36106 141554 141554 1743116 1629313 47838 65965 2330 2330 88452 69017 16684 2751 337386 43087 216634 77665 6235 4258 1789 188 421423 198583 208463 14377 27376 27376 RESEARCH & DATA SUBSCR. 731964 731964 COMMUNICATIONS 17823 17509 314 ORGANIZATIONAL DEVEL. 17238 14398 2193 647 12172709 10384804 1354033 433872 823398 615732 3005481 5546963 2950522 3531025 622686 767587 665365 671552 8067452 11132859 114393 169559 0 40000 0 42750 114393 252309 X 3883300 3655633 4069759 7224917 7953059 10880550 8067452 11132859 2927491 0 X X 0 1 X 1 0 X 13149555 11585644 8544864 11253308 14613145 59146516 13149555 11585644 8544864 11253308 14613145 59146516 21362884 37783632 1509 1956 167861 177914 178305 527545 1546 -15395 8998 -47983 186750 133916 59807977 579918 0.63170 0.56580 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2021 AMOUNT: $ 500. 2022 AMOUNT: $ 600. 2023 AMOUNT: $ 2,100. 2024 AMOUNT: $ 16,569. 2025 AMOUNT: $ 25,353. CURRENCY EXCHANGE GAIN/LOSS - 2021 AMOUNT: $ 1,046. 2022 AMOUNT: $ -15,995. 2023 AMOUNT: $ 6,898. 2024 AMOUNT: $ -64,552. 2025 AMOUNT: $ 161,397. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 411 411 12172298 12172709 758635 189659 0 0 682876 809732 817079 758635 3068322 4602483 5347 5206 329 411 11293 170719 202433 204270 189659 767081 1150622 0 DUE FROM IEEFA AUSTRALIA 463903 DEPOSITS 207649 671552 REFUNDABLE ADVANCES 42750 42750 X PART X, LINE 2: THE INSTITUTE PERFORMED AN EVALUATION OF UNCERTAINTY IN INCOME TAXES FOR THE YEAR ENDED DECEMBER 31, 2025 AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE CONSOLIDATED FINANCIAL STATEMENTS OR THAT MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. 1 EAST ASIA & THE PACIFIC 0 11 PROGRAM SERVICES RESEARCH AND ANALYSIS; EDUCATION AND TRAINING 1278304 EUROPE (INCLUDING ICELAND & GREENLAND) 0 8 PROGRAM SERVICES RESEARCH AND ANALYSIS; EDUCATION AND TRAINING 747443 SOUTH ASIA 0 24 PROGRAM SERVICES RESEARCH AND ANALYSIS; EDUCATION AND TRAINING 1484761 NORTH AMERICA (WHICH INCLUDES CANADA AND MEXICO, BUT NOT THE U.S.) 0 2 PROGRAM SERVICES RESEARCH AND ANALYSIS; EDUCATION AND TRAINING 169712 EAST ASIA & THE PACIFIC 0 0 GRANTMAKING 2183114 0 45 0 0 0 45 5863334 0 5863334 EAST ASIA AND THE PACIFIC OPERATING SUPPORT 2183114 WIRE TRANSFER 0 1 0 0 0 0 0 0 0 PART I, LINE 2: IEEFA US ACTIVELY MONITORS THE USE OF GRANT FUNDS BY IEEFA AUSTRALIA. ON A MONTHLY BASIS, IEEFA AUSTRALIA PROVIDES IEEFA US WITH 1) A RECORD OF ALL EXPENDITURES INCURRED BY IEEFA AUSTRALIA; 2) A MANAGEMENT REPORT WHICH INCLUDES A BALANCE SHEET, PROFIT AND LOSS STATEMENT, AND AR/AP AGING REPORTS; AND 3) A COMPLETED BANK RECONCILIATION AND CORRESPONDING BANK STATEMENT. EACH DOCUMENT IS REVIEWED FOR ACCURACY, AND EACH EXPENDITURE IS REVIEWED PRIOR TO BE ADDED TO THE ACCOUNTING SYSTEM OF IEEFA US. IN ADDITION, IEEFA US HAS ONLINE ACCESS TO THE ACCOUNTING SYSTEM USED BY IEEFA AUSTRALIA. PART I, LINE 3: IEEFA REPORTED THE EXPENDITURES USING ACCRUAL BASIS ACCOUNTING, THE SAME METHOD USED IN ITS AUDITED FINANCIAL STATEMENTS. X X X 0 0 0 0 0 0 0 1 0 ALEXANDRA BUCHANAN CEO/BOARD SECRETARY 231868 0 0 0 0 0 9275 0 17885 0 259028 0 0 0 SARAH WEEKS CHIEF FINANCIAL OFFICER 213398 0 0 0 0 0 6402 0 32890 0 252690 0 0 0 ABHISHEK SINHA PETROCHEMICAL ENERGY FINANCE ANALYST 161700 0 4851 0 0 0 6662 0 40700 0 213913 0 0 0 JOHN HAUBER JR STRATEGIC ENERGY FINANCE ADVISOR 161001 0 0 0 0 0 6482 0 39655 0 207138 0 0 0 PAUL WILLIAMS-DERRY ENERGY FINANCE ANALYST 158445 0 0 0 0 0 6369 0 34970 0 199784 0 0 0 SETH FEASTER ENERGY DATA ANALYST 159296 0 0 0 0 0 6372 0 32178 0 197846 0 0 0 DENNIS WAMSTED ENERGY FINANCE ANALYST 166258 0 0 0 0 0 6674 0 24887 0 197819 0 0 0 PART I, LINE 3 THE MOST RECENT COMPENSATION SURVEY WAS COMPLETED ON JUNE 30, 2025. PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED NON-FIXED DISCRETIONARY PERFORMANCE BONUSES IN 2025: - ABHISHEK SINHA - $4,851 THESE PAYMENTS ARE MADE AT THE DISCRETION OF THE CEO AND CFO. PER IEEFA'S CLASSIFICATION AND COMPENSATION SYSTEM, BONUSES ARE GIVEN RATHER THAN ANNUAL SALARY INCREASES IF AN INDIVIDUAL'S SALARY IS OVER THE MAXIMUM FOR THEIR SALARY RANGE. X 1 25277 SALES PRICE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B THE FEDERAL FORM 990 IS REVIEWED BY ALL MEMBERS OF THE GOVERNING BOARD BEFORE FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES FILL OUT THE ANNUAL CONFLICT OF INTEREST DISCLOSURE FORM AND ARE REQUIRED TO DISCLOSE CONFLICTS AS THEY WOULD ARISE. FORM 990, PART VI, SECTION B, LINE 15 MEMBERS OF THE GOVERNING BOARD CONDUCT REVIEWS OF COMPENSATION FOR COMPARABLE POSITIONS AND MAKE INDEPENDENT DECISIONS ON COMPENSATION LEVELS. COMPENSATION MANAGEMENT SOFTWARE IS USED TO ANALYZE COMPARABLE MARKET PAY DATA WHEN DETERMINING COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS AND FORM 990S ARE POSTED ON OUR WEBSITE. ADDITIONAL DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G RESEARCH CONSULTANTS: PROGRAM SERVICE EXPENSES 1,546,421. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,546,421. OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 6,344. MANAGEMENT AND GENERAL EXPENSES 43,599. FUNDRAISING EXPENSES 65,965. TOTAL EXPENSES 115,908. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 70,430. MANAGEMENT AND GENERAL EXPENSES 4,239. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 74,669. TRANSLATORS: PROGRAM SERVICE EXPENSES 6,118. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,118. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. IEEFA AUSTRALIA LTD 91 PERCY STREET WARWICK QUEENSLAND AS 4370 CONDUCT ANALYSIS AND PUBLISH AND RELEASE STUDIES AS 501(C)(3) IEEFA 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IEEFA AUSTRALIA LTD B 2183114 CASH