Slipstream Group
Slipstream Group reported $41.1 million in revenue and $42.8 million in expenses for calendar year 2024. Of every $100 it spent, $72.82 went to program services, $22.97 to management and general costs and $4.21 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 84.1% of the total. Government grants made up 13.1%. The highest compensation it reported for one person was $256,259 (PRESIDENT & CEO). 28 people received more than $100,000 in reportable compensation. Revenue fell 15% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $43MFor context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $41MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 72.8% | 83.6% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.0% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 4.2% | 3.3% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.31 | $0.03 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 14.0% | 87.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 13.1% | 4.8% |
| Program service revenue share Part VIII 2g ÷ 12 | 84.1% | 3.2% |
| Highest reported compensation Part VII-A, columns D–F | $256,259 | $293,532 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.60% | 1.74% |
| People paid over $100,000 Part VII, line 2 | 28 | 7 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 3.4 | 18.8 |
| Independent voting board members Part VI 1a–1b | 14 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expenseEfficiency at scale: we implement pilot and full-scale energy efficiency programs for utilities and governments. We specialize in programs that address underserved customers, like improving the energy efficiency of manufactured housing. Our expertise includes innovative commercial and affordable housing new construction programs, the next generation of commercial lighting solutions, residential lighting programs as well as other commercial and residential programs that focus on lasting changes to energy consumption. We have a growing focus on electrification technologies, including electric…
Emerging technologies and human factors: our research focuses on the discovery and testing of technology that drives down carbon emissions due to buildings. The research ranges from field testing of the energy performance of new technologies to pioneering approaches to grid-interactives efficient buildings. We study market conditions around electrification and other low-carbon technologies and test better ways to reach markets where traditional energy efficiency programs have performed poorly. Lastly, we study the link between clean energy and health, with a focus on affordable housing and…
Financing for a low-carbon future: slipstream provides financing programs to enable government and utility customers to complete energy improvements. Our core competencies include property assessed clean energy finance (pace) in the commercial sector, lending programs for home energy retrofits, and innovative financing to make it easier for low-income homeowners to complete energy improvements
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Officer, 40.00 hrs/week | $230,247 | $0 | $26,012 | $256,259 |
| VP OPERATIONS/CFO Officer, 40.00 hrs/week | $171,629 | $0 | $7,749 | $179,378 |
| VP OF RESEARCH Highest compensated employee, 40.00 hrs/week | $142,517 | $0 | $23,461 | $165,978 |
| ADVANCEMENT OFFICER Highest compensated employee, 40.00 hrs/week | $144,820 | $0 | $16,325 | $161,145 |
| CHIEF PROGRAM OFFICER Highest compensated employee, 40.00 hrs/week | $151,788 | $0 | $6,590 | $158,378 |
| DIRECTOR OF ENGINEERING Highest compensated employee, 40.00 hrs/week | $138,648 | $0 | $6,890 | $145,538 |
| DIRECTOR OF WORKFORCE DEV Highest compensated employee, 40.00 hrs/week | $139,266 | $0 | $5,998 | $145,264 |
| GENERAL COUNSEL MAG DIR Officer, 40.00 hrs/week | $117,150 | $0 | $5,104 | $122,254 |
28 people received more than $100,000 in reportable compensation from Slipstream Group (Part VII, line 2). Compensation of current officers, directors and key employees totaled $558K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 14 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2Yes
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5199
- Volunteers Part I, line 617
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| EMPIRE SOLAR SOLUTIONS Implement energy efficiency programs | $9,495,860 |
| EMPOWER CES LLC Implement energy efficiency programs | $4,442,622 |
| BROOKLYN SOLARWORKS LLC Implement energy efficiency programs | $3,163,548 |
| NYS ESSENTIAL POWER INC Implement energy efficiency programs | $2,686,753 |
Individuals listed as contractors are left out. 87 contractors were paid more than $100,000 in all.
Private foundation grants it received
1 private foundation reported grants to Slipstream Group totaling $75,000 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Slipstream Group's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Slipstream Group, you can publish a response that is linked from this page.
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Of every $100 Slipstream Group spent in 2024, $72.82 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Pennsylvania Horticultural SocietyPhiladelphia, PA · revenue $41M · programs 75.4% · FY2025
- Northwest Energy Efficiency AlliancePortland, OR · revenue $41M · programs 82.4% · 2024
- California Waterfowl AssociationRoseville, CA · revenue $40M · programs 63.9% · FY2026
- River PartnersChico, CA · revenue $41M · programs 86.6% · FY2025
- Napa County Land TrustNapa, CA · revenue $40M · programs 80.9% · 2024
Questions people ask
How much of Slipstream Group's spending goes to programs?
In calendar year 2024, Slipstream Group reported that 72.8% of its $42.8 million in expenses went to program services, 23.0% to management and general and 4.2% to fundraising (Form 990, Part IX).
How much does Slipstream Group pay its top executive?
The largest total compensation Slipstream Group reported for one person in calendar year 2024 was $256,259, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Slipstream Group get its money?
Of $41.1 million in revenue in calendar year 2024, 14.0% came from contributions and grants (including 13.1% from government grants) and 84.1% from program service revenue (Form 990, Part VIII).
Is Slipstream Group a registered charity?
The IRS lists EIN 39-1356152 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202513179349303726 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202413069349301606 · read the filing
- 2022: Form 990 for calendar year 2022, object 202343139349303279 · read the filing
- 2021: Form 990 for calendar year 2021, object 202242029349301704 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102739349301960 · read the filing
- 2019: Form 990 for calendar year 2019, object 202041769349301384 · read the filing
All filings for EIN 39-1356152: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.