Geothermal Heat Pump Consortium

Geothermal Exchange Org (Geo)

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 521905415 ✦ Springfield, IL ✦ Designated as a 501(c)(6)

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Overview

What is Geothermal Heat Pump Consortium?

The Geothermal Heat Pump Consortium, known as Geothermal Exchange Org (GEO), is a nonprofit organization based in Springfield, Illinois. Their primary mission involves promoting the geothermal heat pump industry. They achieve this by advocating for favorable public policies, educating elected officials, and collaborating with energy agencies. Their activities extend beyond policy advocacy, encompassing public relations, communications, branding, consumer acceptance, and coordination with utilities and renewable energy advocates. With a small team of two employees, Geothermal Heat Pump Consortium is dedicated to advancing the geothermal heat pump industry, contributing to sustainable energy solutions.


Official website here: www.geoexchange.org

Is Geothermal Heat Pump Consortium legitimate?

Geothermal Heat Pump Consortium is a legitimate nonprofit organization registered as a 501(c)(6) entity. Geothermal Heat Pump Consortium 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: $187,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $45,000

For more financial information, click here


Official website here: www.geoexchange.org

What is the mission statement of Geothermal Heat Pump Consortium?

The Geothermal Heat Pump Consortium is committed to promoting the geothermal heat pump industry. They achieve this mission through various activities, primarily focusing on public policy advocacy. This involves lobbying for favorable policies and collaborating with energy agencies. Additionally, the consortium engages in public relations, communications, branding, and consumer acceptance efforts. They also work closely with utilities and renewable energy advocates to further the geothermal heat pump industry's growth. The consortium also educates elected officials about the benefits of geothermal heat pumps, contributing to its wider acceptance and integration into various sectors.


Official website here: www.geoexchange.org

Who is the CEO of Geothermal Heat Pump Consortium?

Ryan Dougherty is the Chairman of Geothermal Heat Pump Consortium.


Official website here: www.geoexchange.org

What is the revenue of Geothermal Heat Pump Consortium?

Geothermal Heat Pump Consortium's revenue in 2022 was $1,366,436.


Official website here: www.geoexchange.org

Who are the executives of Geothermal Heat Pump Consortium and what are their salaries?

The average compensation at Geothermal Heat Pump Consortium during 2022 was $116,250. There are 2 employees and 10 volunteers at Geothermal Heat Pump Consortium.


Here are 12 key members and their salaries:


John Thomas (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Todd Graf (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Phil Schoen (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Smith (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Martin Forsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Bills (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Albertson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Ellis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Axel Lerche (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Wolfson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas A Dougherty (Legislative Strategy Manag)
  • Compensation: $70,000
  • Related: $0
  • Other: $0
Ryan Dougherty (President)
  • Compensation: $117,500
  • Related: $0
  • Other: $0


Official website here: www.geoexchange.org

Where can I find the form 990 for Geothermal Heat Pump Consortium?

Geothermal Heat Pump Consortium's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.geoexchange.org

Learn more at the official website: www.geoexchange.org

Mission Statement of Geothermal Heat Pump Consortium

The Geothermal Heat Pump Consortium, a notable organization, is dedicated to propelling the geothermal heat pump industry forward. Their mission encompasses various strategies, including public policy advocacy, public relations, communications, branding, consumer acceptance, and collaboration with utilities and renewable energy advocates. By engaging in these activities, the Consortium aims to advance the geothermal heat pump industry, ultimately promoting its growth and recognition in the broader energy sector. Furthermore, the Consortium focuses on educating elected officials and collaborating with energy agencies, ensuring that policy decisions are informed and supportive of the geothermal heat pump industry's development.

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Impact




October, 2024

The Geothermal Heat Pump Consortium plays a pivotal role in advancing the geothermal heat pump industry by engaging in public policy advocacy, education, and collaboration with energy agencies. Through its efforts, the consortium promotes awareness and acceptance of geothermal technology, contributing to the industry's growth and integration into the broader energy landscape.

By educating elected officials and the public about the benefits of geothermal heat pumps, the consortium helps facilitate informed decision-making that can enhance environmental sustainability and energy efficiency. Its initiatives in public relations and branding further bolster consumer acceptance, making geothermal solutions a more viable option for homeowners and businesses alike.

Moreover, the consortium effectively coordinates with utilities and other renewable energy advocates, fostering partnerships that improve access to geothermal technologies. This collaborative approach not only strengthens the industry's position but also supports community improvement by promoting cleaner, more sustainable energy sources. Overall, the Geothermal Heat Pump Consortium's impact is significant, as it works to shape policies and perceptions that drive the adoption of geothermal solutions.




This information is meant to be a general summary of Geothermal Heat Pump Consortium. 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.

Revenue
$1,366,436 (2022)
201120122013201420152016201720182019202020212022$0$400k$800k$1.2M$1.6M
Expenses
$1,351,447 (2022)
201120122013201420152016201720182019202020212022$0$450k$900k$1.35M$1.8M
Efficiency
2011201220132014201520162017201820192020202120220%10%20%30%49%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Program Service Revenue: $1,326,328
  • Gross Receipts: $1,366,436

Assets and Liabilities:

  • Total Assets: $125,551
  • Total Liabilities: $70,400
  • Net Assets: $55,151

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBERSHIP DUES

Revenue

$748,268

CONSUMER AWARENESS CAM

Revenue

$578,060

Organization Details

Founding Year

1994

Principal Officer

Ryan Dougherty

Main Address

312 S 4TH STREET 100, SPRINGFIELD, IL, 62701

NTEE Category

Code: S41 - Community improvement

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