Nonprofit · EIN 52-2353661
AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE
Tax-exempt · WASHINGTON, DC 20036
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,245,250 | $9,307,245 | -$61,995 | $5,086,826 | $4,255,707 | $831,119 |
| December 31, 2023 | 990 | $10,248,895 | $9,895,876 | $353,019 | $5,214,926 | $4,496,812 | $718,114 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,008,881
- Program service revenue
- $2,161,279
- Investment income
- $75,090
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $910,000
- Compensation of officers, directors and key employees
- $961,771
- Other salaries and wages
- $3,188,547
- Salaries, compensation and benefits (total)
- $5,104,821
- Professional fundraising fees
- $0
- Accounting fees
- $45,960
- Occupancy
- $242,572
- Travel
- $86,438
- Depreciation
- $48,912
- Program services (functional)
- $6,712,772
- Management and general (functional)
- $2,422,780
- Fundraising (functional)
- $171,693
Balance sheet and other
- Total assets, start of year
- $5,214,926
- Total assets, end of year
- $5,086,826
- Total liabilities, end of year
- $4,255,707
- Net assets, end of year
- $831,119
- Land, buildings and equipment
- $59,798
- Net assets without donor restrictions
- -$382,777
- Net assets with donor restrictions
- $1,213,896
- Gross receipts
- $9,245,250
- Employees
- 40
- Volunteers
- 26
- Year formed
- 2001
- State of legal domicile
- DC
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Raymond Long | Incoming President & CEO Trustee or director, Officer | 40 | $675,000 | $35,517 |
| Colleen Pickford | EVP Corporate Engagement Highest-paid employee | 40 | $227,700 | $35,517 |
| Gerald Borenstein | Chief Financial Officer Officer | 40 | $226,939 | $24,313 |
| Lesley Hunter | SVP Policy & Engagement Highest-paid employee | 40 | $203,305 | $35,499 |
| Alexandra Hobson | SVP Communications Highest-paid employee | 40 | $208,501 | $30,274 |
| Kevin ORourke | SVP Development & Public A Highest-paid employee | 40 | $225,869 | $12,195 |
| Constance Thompson | SVP ACORE Accelerate Highest-paid employee | 40 | $180,090 | $12,112 |
| Kevin Gresham | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Shannon Kellogg | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Patrick Reiten | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Vikas Agrawal | Director Trustee or director | 2 | $0 | $0 |
| Laura Beane | Director Trustee or director | 2 | $0 | $0 |
| Mit Buchanan | Director Trustee or director | 2 | $0 | $0 |
| William Conkling | Director Trustee or director | 2 | $0 | $0 |
| Mona Dajani | Director Trustee or director | 2 | $0 | $0 |
18 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William Demas | Director Trustee or director | 2 | $0 |
| David Giordano | Director Trustee or director | 2 | $0 |
| Kristal Hansley | Director Trustee or director | 2 | $0 |
| Ja Kao | Director Trustee or director | 2 | $0 |
| Vishal Kapadia | Director Trustee or director | 2 | $0 |
| Phil Musser | Director Trustee or director | 2 | $0 |
| Urvi Parekh | Director Trustee or director | 2 | $0 |
| Gaurav Raniwala | Director Trustee or director | 2 | $0 |
| Himanshu Saxena | Director Trustee or director | 2 | $0 |
| Meghan Schultz | Director Trustee or director | 2 | $0 |
| Raymond Wood | Director Trustee or director | 2 | $0 |
| Puneet Verma | Director Trustee or director | 2 | $0 |
| Christian Warren | Director Trustee or director | 2 | $0 |
| Robin Millican | Director Trustee or director | 2 | $0 |
| Jordan Newman | Director Trustee or director | 2 | $0 |
| Sandhya Ganapathy | Director Trustee or director | 2 | $0 |
| James Giamarino | Director Trustee or director | 2 | $0 |
| Adam Altenhofen | Director Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 34 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Gregory Wetstone | Outgoing President & CEO Trustee or director, Officer | 40 | $469,806 | $22,565 |
| Jose Zayas | EVP Policy & Programs Highest-paid employee | 40 | $323,438 | $32,934 |
| Colleen Pickford | EVP Corporate Engagement Highest-paid employee | 40 | $227,777 | $32,934 |
| Raymond Long | Incoming President & CEO Trustee or director, Officer | 40 | $256,818 | $1,525 |
| Allison Nyholm | VP Government Affairs Highest-paid employee | 40 | $222,961 | $27,549 |
| Gerald Borenstein | Chief Financial Officer Officer | 40 | $227,265 | $22,566 |
| Lesley Hunter | SVP Policy & Engagement Highest-paid employee | 40 | $196,000 | $32,843 |
| Alexandra Hobson | SVP Communications Highest-paid employee | 40 | $207,950 | $20,690 |
| Kevin ORourke | SVP Development & Public Affairs Highest-paid employee | 40 | $203,907 | $11,359 |
| Kevin Gresham | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| Shannon Kellogg | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Patrick Reiten | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Vikas Agrawal | Director Trustee or director | 2 | $0 | $0 |
| Laura Beane | Director Trustee or director | 2 | $0 | $0 |
| Mit Buchanan | Director Trustee or director | 2 | $0 | $0 |
| William Conkling | Director Trustee or director | 2 | $0 | $0 |
| Mona Dajani | Director Trustee or director | 2 | $0 | $0 |
| William Demas | Director Trustee or director | 2 | $0 | $0 |
| Monique Dyers | Director Trustee or director | 2 | $0 | $0 |
| Kathleen Frangione | Director Trustee or director | 2 | $0 | $0 |
| David Giordano | Director Trustee or director | 2 | $0 | $0 |
| Kristal Hansley | Director Trustee or director | 2 | $0 | $0 |
| Ja Kao | Director Trustee or director | 2 | $0 | $0 |
| Vishal Kapadia | Director Trustee or director | 2 | $0 | $0 |
| Marcus Krembs | Director Trustee or director | 2 | $0 | $0 |
| Kevin Lynch | Director Trustee or director | 2 | $0 | $0 |
| Rose McKinney-James | Director Trustee or director | 2 | $0 | $0 |
| Phil Musser | Director Trustee or director | 2 | $0 | $0 |
| Francis O'Sullivan | Director Trustee or director | 2 | $0 | $0 |
| Urvi Parekh | Director Trustee or director | 2 | $0 | $0 |
| Gaurav Raniwala | Director Trustee or director | 2 | $0 | $0 |
| Himanshu Saxena | Director Trustee or director | 2 | $0 | $0 |
| Meghan Schultz | Director Trustee or director | 2 | $0 | $0 |
| Raymond Wood | Director Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1150 CONNECTICUT AVE NW STE 401, WASHINGTON, DC 20036-4167
- In care of
- % GERALD BORENSTEIN
- Principal officer (990 for 2024)
- Ray Long, 1150 Connecticut Avenue NW 401, Washington, DC 20036
- Signed the 990
- Allison Barycki, Chief of Staff
- Phone
- (202) 393-0001
- Website
- WWW.ACORE.ORG
- Return prepared by
- Aprio Advisory Group LLC
Mission
The American Council on Renewable Energy (ACORE) is a 501 (c)(3) national nonprofit organization that unites finance, policy and technology to accelerate the transition to a renewable energy economy.
Program accomplishments
- ACORE deploys three major programs to drive its overall mission. 1. FinanceACORE supports the rapid scaling of clean energy investments through its work in project finance and ESG by engaging existing investors and directing new entrants to the clean energy sector.2. PolicyACORE works with Congress, the Administration, federal agencies, state governments, and U.S. power markets to promote and defend policies that accelerate the transition to a clean energy economy.3. TechnologyACORE is at the forefront of fostering the innovation, development, and integration of clean energy, grid technologies, and expanded transmission.Expenses $4,802,420 · grants $910,000
- ACORE produces a mixture of in-person and virtual events annually to connect attendees with up-to-the-minute insights on the policies, financial trends, and grid issues most pertinent to the clean energy sector. ACORE's 2024 signature events included the ACORE Policy Forum and Awards Gala in Washington, D.C., the ACORE Finance Forum in New York City, and the ACORE Grid Forum in Arlington, Virginia.Expenses $1,910,352 · revenue $2,161,279
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 | Not 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
- 52-2353661
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Science and technology (U30)
- Assets (IRS master file)
- $5,086,826
- Income (IRS master file)
- $9,245,250
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,245,250 | $9,307,245 | $5,086,826 | XML |
| 990 | December 2023 | $10,248,895 | $9,895,876 | $5,214,926 | XML |
| 990 | December 2022 | $7,697,621 | $8,181,022 | $2,997,101 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | 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 52-2353661).
Questions about AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE
- What is the EIN of AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE?
- The employer identification number (EIN) of AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE is 52-2353661.
- Is AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE 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 AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE?
- The 990 for the year ended December 31, 2024 names Ray Long.
- Who are the officers and directors of AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE?
- The 990 for the year ended December 31, 2024 lists 33 people; 7 received compensation from the organization, the highest $675,000 (Raymond Long, Incoming President & CEO).
- How much revenue does AMERICAN COUNCIL ON RENEWABLE ENERGY-ACORE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,245,250, expenses of $9,307,245 and total assets of $5,086,826 at year end.
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