Digital Energy Council

Nonprofit profile at a glance

EIN
932140757
IRS 990 coverage
2023–2023
Forms available
Form 990 2023
Location
Washington, DC, USA
Phone
2027426322
Rating
59
Verdict
MIXED
Rating confidence
Moderate
Sector
Chambers of Commerce & Business Leagues

Official website

Reported finances

Revenue
$200,000
Expenses
$51,512
Assets
$153,896
Liabilities
$5,408

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • THOMAS MAPES (BOARD MEMBER,EXEC DIR,PRESIDENT)

Highest reported compensation

  • THOMAS MAPES (BOARD MEMBER,EXEC DIR,PRESIDENT): $25,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Digital energy council (dec) is the first member association focused solely on digital energy. Dec works to promote the digital energy industry, build and foster relationships throughout the energy and digital asset mining industries, connect members and key stakeholders, and advance strategic initiatives in the areas of digital asset mining, energy production, national security, green energy transition, and economic development throughout the united states.

What it reported doing in 2023

Dec has established itself as a leading authority for energy policy development. It is the voice for energy and digital asset mining industry leaders and a key resource for facilitating dialogue between industry, policymakers, and regulators around the bipartisan issues of digital asset mining, u.s. Energy security, sustainability, and grid modernization.during its first months of operation, dec gained support from senators lisa murkowski, chair of the senate energy and natural resources committee from 2015 to 2021, and cynthia lummis lending their voices for the need for coordination between the technology and energy industries. Dec also began meeting with offices, including the u.s. Senate committee on finance as well as the energy and commerce subcommittee on energy, climate, and grid security providing recommendations for digital asset mining-related tax policy and explanations as to how digital assets can be used as a tool for grid stability as well as how digital asset mining supports the adoption of renewable energy sources.

Operating model

Revenue model
Membership-supported. 100% of the money available for current operations came from membership dues.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 30
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 71
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 16.1%; rating input score 16
  • Program expense ratio: 62.4%; rating input score 62
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 74.2%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 2.99; rating input score 69; 69th percentile among comparable filings
  • Liabilities to assets ratio: 0.04; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 48.5%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 16.1% of revenue deployed · 62.4% of spending went to programs
  • Governance: 3 of 3 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $32K in reported program spending
  • Leadership: top reported pay $25K · 3 people listed
  • Consistency: 15 of 15 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.