Institute for Energy Research (IER) Market Research Report

Background

The Institute for Energy Research (IER) is a Washington, D.C.-based nonprofit organization established in 1989 by Robert L. Bradley Jr. IER conducts comprehensive research and analysis on global energy markets, focusing on the functions, operations, and government regulations affecting these markets. The organization advocates for free-market solutions to energy and environmental challenges, emphasizing that such approaches are the most efficient and effective for societal well-being.

Key Strategic Focus

IER's strategic focus encompasses:

Research and Analysis: Conducting original research on global energy market operations and regulatory impacts.

Public Education: Transforming research findings into educational materials disseminated through various media to inform policymakers, the media, and the public about energy issues and policies.

Advocacy: Promoting free-market principles in energy policy discussions, opposing government interventions that may distort market dynamics.

Financials and Funding

IER operates as a 501(c)(3) nonprofit organization, funded entirely by tax-deductible contributions from individuals, foundations, and corporations, without seeking or accepting government support.

Financial Overview (Fiscal Year Ending December 2023):

Revenue: $2,295,957

Expenses: $2,361,444

Net Assets: $2,041,049

Total Assets: $2,520,638

Total Liabilities: $479,589

Revenue Breakdown:

Contributions: $2,234,757 (97.3%)

Program Services: $806 (0.0%)

Investment Income: $11,620 (0.5%)

Rental Property Income: $41,100 (1.8%)

Other Revenue: $7,674 (0.3%)

Expense Breakdown:

Executive Compensation: $535,307 (22.7%)

Other Salaries and Wages: $452,916 (19.2%)

Leadership Team

Robert L. Bradley Jr.: Founder and Chief Executive Officer. Bradley is a senior fellow at the American Institute for Economic Research and the Institute of Economic Affairs in London. He has authored eight books, including "Energy: The Master Resource" and "Climate Alarmism Reconsidered."

Thomas J. Pyle: President. Pyle has been associated with IER since its early years and has played a significant role in shaping the organization's strategic direction.

Lisa Wallace: Senior Vice President, Secretary, and Treasurer. Wallace oversees administrative and financial operations within IER.

Competitor Profile

Market Insights and Dynamics

The energy policy research sector includes various organizations analyzing and influencing energy policies. The market is characterized by diverse perspectives, ranging from advocacy for renewable energy to support for traditional fossil fuels.

Competitor Analysis

Institute for Energy Economics and Financial Analysis (IEEFA): A nonprofit organization focusing on financial analysis of energy markets, particularly emphasizing the transition to sustainable energy. In 2023, IEEFA reported revenues of $8.81 million and expenses of $13.2 million.

Environmental Law and Policy Center (ELPC): A Midwest-based organization advocating for environmental legal and policy solutions, including renewable energy initiatives.

American Council for an Energy-Efficient Economy (ACEEE): A nonprofit dedicated to advancing energy efficiency policies and technologies.

Strategic Collaborations and Partnerships

IER collaborates with various organizations and individuals to promote its free-market energy policy agenda. These collaborations often involve joint research projects, policy advocacy, and public education campaigns.

Operational Insights

IER's operations are strategically aligned to promote free-market principles in energy policy. The organization leverages its research capabilities to influence policy debates, aiming to counteract regulatory measures perceived as market distortions.