Overview
What is Lake Erie Energy Development Corporation?
Lake Erie Energy Development Corporation (LEEDCo) is a nonprofit organization situated in Cleveland, Ohio, with a specific mission to foster the growth of a robust offshore wind energy industry in northeast Ohio. Achieving this objective involves developing an initial demonstration project called Icebreaker Wind, which consists of six wind turbines, each generating approximately 3.5 MW of power. These turbines are set eight miles offshore of Cleveland and serve multiple purposes, including acting as an environmental data collection center and providing a model for responsible offshore wind development in Lake Erie. The insights and data gathered from this project will help refine engineering innovations, identify best practices, validate environmental conditions, guide future project siting, and eventually reduce energy costs. LEEDCo, as a regional non-profit and economic development organization, is dedicated to paving the way for offshore wind energy in Ohio.
Official website here: www.leedco.org
Is Lake Erie Energy Development Corporation legitimate?
Lake Erie Energy Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lake Erie Energy Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $13,387
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Official website here: www.leedco.org
What is the mission statement of Lake Erie Energy Development Corporation?
Lake Erie Energy Development Corporation, being a regional non-profit and economic development organization, is dedicated to establishing a robust offshore wind energy industry in northeast Ohio. To achieve this mission, LEEDCo is actively working on developing an initial demonstration project named Icebreaker Wind. This project, situated approximately 8 miles offshore of Cleveland, will comprise six 3.5 MW wind turbines. The primary purpose of this project is to serve as an environmental data collection center and present a model for responsible offshore wind development in Lake Erie. The data and experience gained from this project will aid in identifying best practices, refining engineering innovations, validating environmental conditions, guiding future project siting, and ultimately reducing the cost of energy for offshore wind projects.
Official website here: www.leedco.org
Who is the CEO of Lake Erie Energy Development Corporation?
William D Friedman is the President of Lake Erie Energy Development Corporation.
Official website here: www.leedco.org
What is the revenue of Lake Erie Energy Development Corporation?
Lake Erie Energy Development Corporation's revenue in 2022 was $182,052.
Official website here: www.leedco.org
Who are the executives of Lake Erie Energy Development Corporation and what are their salaries?
There 8 volunteers at Lake Erie Energy Development Corporation.
Here are 9 key members and their salaries:
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Official website here: www.leedco.org
Where can I find the form 990 for Lake Erie Energy Development Corporation?
Lake Erie Energy Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leedco.org
Learn more at the official website: www.leedco.org
Mission Statement of Lake Erie Energy Development Corporation
Lake Erie Energy Development Corporation (LEEDCo) is a non-profit organization with a mission to establish a thriving offshore wind energy industry in northeast Ohio. Acting as an economic development entity, LEEDCo is dedicated to realizing this objective by building a foundation for offshore wind energy in the region. One of the key initiatives in achieving this mission is the development of an initial demonstration project, named Icebreaker Wind. This project, located approximately 8 miles offshore of Cleveland, features six, 3.5 MW wind turbines. Besides serving as a test site for environmental data collection, Icebreaker Wind aims to establish a blueprint for responsible offshore wind development in Lake Erie. The data and insights gained from this project will help refine engineering innovations, validate environmental conditions, guide future project siting, and ultimately reduce the cost of energy. By successfully executing this mission, LEEDCo intends to pave the way for a sustainable offshore wind energy industry in northeast Ohio.
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Impact
October, 2024
Lake Erie Energy Development Corporation (LEEDCo) is pivotal in establishing a robust offshore wind energy sector in northeast Ohio, specifically through its initial demonstration project, Icebreaker Wind. Located approximately eight miles offshore from downtown Cleveland, this project will feature six wind turbines, each with a capacity of around 3.5 MW.
Icebreaker Wind serves multiple critical functions. First, it acts as an environmental data collection hub, gathering essential information to ensure the sustainable development of offshore wind energy in the region. The data collected will refine engineering innovations, validate environmental conditions, and guide the siting of future projects, thereby promoting responsible development practices.
Additionally, the experience gained from Icebreaker Wind is expected to significantly lower energy costs, making offshore wind a more viable option for energy generation. This development not only aims to harness wind energy but also supports community improvement by fostering economic growth and environmental sustainability in the region. By establishing a framework for future offshore projects, LEEDCo is strategically positioning northeast Ohio as a leader in the clean energy transition.
This information is meant to be a general summary of Lake Erie Energy Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $46
- Gross Receipts: $182,052
Assets and Liabilities:
- Total Assets: $94,033
- Total Liabilities: $6,904,853
- Net Assets: -$6,810,820
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Organization Details
Founding Year
2009
Phone
(216) 284-3232Principal Officer
William D Friedman
Main Address
6815 Euclid Avenue, Cleveland, OH, 44103
Website
www.leedco.orgNTEE Category
Code: S30 - Community improvement
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