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Vermont · Nonprofit

REGULATORY ASSISTANCE PROJECT

REGULATORY ASSISTANCE PROJECT (Vermont) receives grants from 27 organizations whose IRS filings report $50,104,530 to it, the largest being THE WILLIAM & FLORA HEWLETT FOUNDATION ($9,710,000). 19 of them have funded it in more than one year.

Revenue FY2024
$10M
Funders on record
27
Grants received
$50M
Net assets
$8.6M
19/27 repeat funderspeak grant-dependency 74%
01What it does

What Regulatory Assistance Project does

Mission

Rap is an international team of experts that educates and partners with decision-makers to develop data-informed, real-world solutions. We research and seek solutions that are not only cost-effective and reliable, but also create stronger, more equitable communities. Rap educates policymakers and helps them navigate the complex world of clean energy policy creation and negotiation. As a committed and engaged partner, we also work hard to spark the passion and commitment of the stakeholder community.

As stated on its FY2024 Form 990.

Programs

  1. United states: rap's experienced team of technical experts assist decision-makers navigate the complex issues posed by the accelerating clean energy transformation. As trusted advisors, we help states and cities deploy new clean energy technologies and best practices, protect system reliability and consumer interests, and improve environmental performance.

    $3,422,047 spent$616,149 earned by the program
    42% of program spending
  2. Europe: to meet europe's aggressive climate goals, rap provides thought leadership and data-informed solutions to decarbonize transportation and power systems, phase out fossil fuel gasses, and improve energy efficiency.

    $2,113,073 spent$277,932 earned by the program
    26% of program spending
  3. China: drawing on our global expertise, we tailor advanced energy solutions to provincial and national policymakers when requested. Our efforts span the breadth of china's goals to transform its power sector by increasing energy efficiency, improving resource planning, integrating renewables into the grid, reducing air pollution, and designing markets and emissions trading regimes.

    $962,634 spent
    12% of program spending
  4. India: rap fosters innovative research and provides training and technical assistance to energy regulators and decision-makers. We stimulate robust public discourse on the policies needed to meet india's climate and clean energy goals.other regions outside our core focus: we occasionally take on work outside of our four main regions in situations where we can have a lasting impact. We seek longer-term engagements in which our deep regulatory expertise will benefit policymakers or the ngo community. Our team contextualizes its international expertise to local conditions to create sustainable solutions to local challenges. We focus on best practices that consistently create sufficient revenues to ensure grid reliability, drive investment in clean resources, balance cost allocation fairly among disparate groups, send the right price signals to customers, and motivate performance consistent with public policy objectives.

    $1,583,460 spent
    20% of program spending

The 4 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $8,081,214.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($9.3M) Expenses 100 ($7.9M) Net assets 100 ($5.7M)2018 Revenue 86 ($8.0M) Expenses 98 ($7.7M) Net assets 104 ($5.9M)2019 Revenue 85 ($7.9M) Expenses 110 ($8.6M) Net assets 87 ($5.0M)2020 Revenue 87 ($8.1M) Expenses 92 ($7.3M) Net assets 101 ($5.8M)2021 Revenue 96 ($8.9M) Expenses 86 ($6.8M) Net assets 138 ($7.9M)2022 Revenue 122 ($11M) Expenses 110 ($8.6M) Net assets 179 ($10M)2023 Revenue 91 ($8.4M) Expenses 134 ($10M) Net assets 143 ($8.2M)2024 Revenue 108 ($10M) Expenses 124 ($9.7M) Net assets 150 ($8.6M)
'17'18'19'20'21'22'23'24
Revenue (108)Expenses (124)Net assets (150)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2021 to 2022, from $9.6M to $12M (+27%).

$7.2M
$7.6M
$6.7M
$7.5M
$9.6M
$12M
$11M
$11M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

89% of REGULATORY ASSISTANCE PROJECT’s revenue is contributions — more donation-reliant than the typical peer (87% for the typical peer).

This organization
Typical peer · 360 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 8 reported years ran a deficit.

$1.4M
’17
$254k
’18
−$748k
’19
$806k
’20
$2.1M
’21
$2.7M
’22
−$2.1M
’23
$268k
’24
9.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Board chair

Amanda Ormond

Chair

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1923231919202025
Joined·+5+3+2+3+3+4+7
No longer listed·1363242
03Who funds it

Who funds it, year by year

2017 → 2023: the base held at 8 funders, grant income fell $6.6M → $3.5M.

4 of 27 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 13% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of REGULATORY ASSISTANCE PROJECT’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

REGULATORY ASSISTANCE PROJECT has a broad base — no single funder exceeds 19% of grant income, and it takes 4 funders to reach half.

the vertical line marks half of all grant income — 4 funders to its left

48% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund REGULATORY ASSISTANCE PROJECT.

19%
largest funder
44%
top three
~10
effective funders

Largest funder’s share by year: 2017 43% · 2018 51% · 2019 29% · 2020 31% · 2021 31% · 2022 25% · 2023 43% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

53% of REGULATORY ASSISTANCE PROJECT's funders are still giving 3 years after their first grant; 70% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

REGULATORY ASSISTANCE PROJECT draws 100% of its grant income from funders outside Vermont, across 9 states in all.

VT
MN
MI
NY
MA
CA
CO
DC
GA

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Vermont out of state home

Funder states come from each funder’s own filing. $6.7M arriving through sponsors registered in 4 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

REGULATORY ASSISTANCE PROJECT holds deeper cash reserves than three-quarters of the 329 environment nonprofits its size.

Operating margin3% · below the median
Months of reserve9.7mo · top quartile
Revenue growth (annualized)1% · bottom quartile

this organization peer median middle 50% of peers· 329 environment nonprofits $10M–$100M, FY2024

Government funding REGULATORY ASSISTANCE PROJECT receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $74k on record.

State$74k
08
12
13
14
15
16
19
By state
  • VT$72k
  • NJ$2k
  • OK$675

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like REGULATORY ASSISTANCE PROJECT

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Vermont

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

83% of spending goes to programs.

Program 83%Management 16%Fundraising 1%

Governance

10
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy–Document retention–Board reviewed the 990✓Audited financials

Public support

56%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Part of a family of 1 related entity

  • Regulatory Assistance Project Asbl · exempt

Screen this organization

A dated, signed PDF of the compliance screen for REGULATORY ASSISTANCE PROJECT: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds REGULATORY ASSISTANCE PROJECT?
REGULATORY ASSISTANCE PROJECT (Vermont) receives grants from 27 organizations whose IRS filings report $50,104,530 to it, the largest being THE WILLIAM & FLORA HEWLETT FOUNDATION ($9,710,000). 19 of them have funded it in more than one year.
How many funders does REGULATORY ASSISTANCE PROJECT have?
IRS filings report 27 organizations giving $50,104,530 in grants to REGULATORY ASSISTANCE PROJECT, 19 of which have funded it in more than one year.
Who is the largest funder of REGULATORY ASSISTANCE PROJECT?
THE WILLIAM & FLORA HEWLETT FOUNDATION is the largest funder on record, with $9,710,000 in grants. The full list of funders is on this page.
How can an organization like REGULATORY ASSISTANCE PROJECT find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Vermont. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

Play a game about who funds Regulatory Assistance Project →

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 27 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing