Nonprofit · EIN 45-4458585
INSTITUTE FOR ENERGY INNOVATION
Tax-exempt · LANSING, MI 48933
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,353,422 | $1,309,127 | $44,295 | $868,758 | $47,342 | $821,416 |
| December 31, 2024 | 990 | $1,321,756 | $1,129,532 | $192,224 | $864,597 | $87,476 | $777,121 |
| December 31, 2023 | 990 | $899,788 | $769,819 | $129,969 | $606,766 | $21,869 | $584,897 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $970,233
- Program service revenue
- $361,880
- Investment income
- $21,232
- Other revenue
- $77
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $138,536
- Other salaries and wages
- $476,329
- Salaries, compensation and benefits (total)
- $731,896
- Professional fundraising fees
- $0
- Accounting fees
- $30,463
- Travel
- $9,341
- Program services (functional)
- $977,080
- Management and general (functional)
- $228,719
- Fundraising (functional)
- $103,328
Balance sheet and other
- Total assets, start of year
- $864,597
- Total assets, end of year
- $868,758
- Total liabilities, end of year
- $47,342
- Net assets, end of year
- $821,416
- Net assets without donor restrictions
- $738,599
- Net assets with donor restrictions
- $82,817
- Gross receipts
- $1,353,422
- Employees
- 6
- Year formed
- 2011
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA SHERMAN | PRESIDENT Officer | 20 | $138,536 | $17,212 |
| LAUREN BIGELOW | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE GOODMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| KEVIN O'CONNELL | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ANNICK ANCTIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN REEG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANYA PASLAWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SABER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN STEVENS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LIESL CLARK | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2024: 9 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA SHERMAN | PRESIDENT Officer | 20 | $129,730 | $15,207 |
| LAUREN BIGELOW | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE GOODMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANNICK ANCTIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH COOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LAUREN REEG | DIRECTOR Trustee or director | 1 | $0 | $0 |
| TANYA PASLAWSKI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SABER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN STEVENS JR | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| LAURA SHERMAN | PRESIDENT Officer | 20 | $125,580 | $14,343 |
| LAUREN BIGELOW | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| BRUCE GOODMAN | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| TOM CATANIA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KEITH COOLEY | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JIM SABER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANNICK ANCTIL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLENN STEVENS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 115 WEST ALLEGAN STREET SUITE 710, LANSING, MI 48933-1783
- Principal officer (990 for 2025)
- LAURA SHERMAN, 115 W ALLEGAN STE 710, LANSING, MI 489331783
- Signed the 990
- LAURA SHERMAN, PRESIDENT
- Phone
- (607) 592-3026
- Return prepared by
- WELLS CPA LLC
Mission
THE MISSION OF THE CORPORATION IS TO PROMOTE GREATER PUBLIC UNDERSTANDING OF ADVANCED ENERGY AND ITS ECONOMIC POTENTIAL FOR MICHIGAN AND TO INFORM THE PUBLIC AND POLICY DISCUSSION ON MICHIGAN'S ENERGY CHALLENGES AND OPPORTUNITIES.
Program accomplishments
- EDUCATE POLICY MAKERS, BUSINESS LEADERS, AND THE PUBLIC ON ADVANCED ENERGY ISSUES INCLUDING ENERGY STORAGE, SOLAR ENERGY, MOBILITY, AND THE BUILT ENVIRONMENT.Expenses $977,080
- THE PRESIDENT AND STAFF OF THE INSTITUTE FOR ENERGY INNOVATION PERFORMED MANAGEMENT FUNCTIONS AND PROVIDE SUPPORT FOR AN AFFILIATED EXEMPT ORGANIZATION.revenue $361,880
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4458585
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C11)
- Assets (IRS master file)
- $868,758
- Income (IRS master file)
- $1,353,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,353,422 | $1,309,127 | $868,758 | XML |
| 990 | December 2024 | $1,321,756 | $1,129,532 | $864,597 | XML |
| 990 | December 2023 | $899,788 | $769,819 | $606,766 | XML |
| 990 | December 2022 | $757,261 | $679,300 | $470,126 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 45-4458585).
Questions about INSTITUTE FOR ENERGY INNOVATION
- What is the EIN of INSTITUTE FOR ENERGY INNOVATION?
- The employer identification number (EIN) of INSTITUTE FOR ENERGY INNOVATION is 45-4458585.
- Is INSTITUTE FOR ENERGY INNOVATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to INSTITUTE FOR ENERGY INNOVATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INSTITUTE FOR ENERGY INNOVATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of INSTITUTE FOR ENERGY INNOVATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did INSTITUTE FOR ENERGY INNOVATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of INSTITUTE FOR ENERGY INNOVATION?
- The 990 for the year ended December 31, 2025 names LAURA SHERMAN.
- Who are the officers and directors of INSTITUTE FOR ENERGY INNOVATION?
- The 990 for the year ended December 31, 2025 lists 10 people; 1 received compensation from the organization, the highest $138,536 (LAURA SHERMAN, PRESIDENT).
- How much revenue does INSTITUTE FOR ENERGY INNOVATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,353,422, expenses of $1,309,127 and total assets of $868,758 at year end.
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