US Offshore Wind Collaborative

What it reported doing in 2012

I. US Offshore Wind Collaborative: An Independent Voice for the Offshore Wind Energy Opportunity in America.Mission: The US Offshore Wind Collaborative is catalyzing the American offshore wind energy market through partnerships, analysis, and new ways of thinking about challenges and solutions.Our goal is to help coastal and Great Lakes states move to a clean, sustainable, and secure energy future by adding offshore wind to America's energy portfolio.USOWC's Board of Directors and Program Partners include national leaders in government, industry, academia, and environmental advocacy. Our work is non-partisan and framed by three organizing principles: Over-dependence on fossil fuels has immediate, cumulative and systemic impacts on human health, the environment and national security. America must aggressively pursue cleaner, more sustainable and secure energy pathways. Offshore wind, an abundant resource close to major load centers, is the best opportunity for coastal and Great Lakes regions to make a significant contribution to the Nation's renewable energy portfolio. Market-scale offshore wind development has transformative economic potential: industrial scale job creation, new manufacturing, and revitalized maritime infrastructure. Realizing this potential requires a long-term, market-based, sustainable industrial development strategy.Capitalizing on the offshore wind opportunity will call for regional infrastructure and deployment approaches, supported by national clean energy policy and federal investment. Individual state action alone is insufficient to build a cost-competitive domestic offshore wind industry.II. Program Accomplishments: During this period, as we successfully completed a series of communications and training initiatives begun during the last FY, USOWC staff and Board of Directors conducted an assessment of our strategic position in terms of program priorities and viability of our business plan. It was determined that, due to the slow progress in the offshore wind industry in this country and the resulting constriction of funding from industry and public sources for base operations, despite our success in generating project funding, USOWC's position was not sustainable. We conducted a three month exploration of merger opportunities with larger non-profit organizations; however, none of the potential opportunities generated could be realized within a timeframe supported by our available financial resources. Therefore, USOWC leadership determined to undergo an orderly dissolution of the non-profit corporation at the end of the Fiscal Year which is subject to this filing. We are continuing to explore options to continue our work through informal collaborative structures.

Financial Efficiency

• Mission deployment rate: 81.8%; rating input score 82
• Program expense ratio: 67.3%; rating input score 67

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
• Major donor itemization: Yes; rating input score 100

Sustainability

• Operating margin: -21.6%; rating input score 20; 20th percentile among comparable filings
• Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
• Liabilities to assets ratio: Limited
• Officer compensation ratio: Limited

Growth

• Program expense growth: 26.9% per year; rating input score 100; 81st percentile among comparable filings
• Revenue growth: -1.2% per year; rating input score 0; 52nd percentile among comparable filings
• Asset growth: -91% per year; rating input score 0; 3rd percentile among comparable filings