Clean Energy Group Inc
- Assets
- $2.6m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 20
- Location
- Montpelier, VT
- Founding
- 02/1999
- Data as of
- 06/2023
- EIN
- 03-0359346
Organization Overview
Clean Energy Group Inc is located in Montpelier, VT. The organization was established in 1999. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 06/2023, Clean Energy Group Inc employed 20 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Clean Energy Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Clean Energy Group Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $1.5m during the year ending 06/2023. While expenses have increased by 2.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLEAN ENERGY GROUP PROMOTES EFFECTIVE CLEAN ENERGY POLICIES, DEVELOPS LOW CARBON TECHNOLOGY INNOVATION STRATEGIES AND PROMOTES NEW FINANCIAL TOOLS TO STRENGTHEN THE ECONOMY AND STABILIZE CLIMATE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCE - THIS PROGRAM INCLUDES PROJECTS THAT IDENTIFY NEW SOURCES OF CAPITAL, ALIGN THE INTERESTS OF THE PRIVATE AND PUBLIC SECTORS, AND DEVELOP GOVERNMENT AND PRIVATE SECTOR INTERVENTIONS TO OVERCOME EXISTING FINANCING GAPS TO GET ZERO CARBON TECHNOLOGY INVESTMENT TO SCALE.
POLICY - THIS PROGRAM INCLUDES PROJECTS TO EDUCATE THE PUBLIC AND POLICY EXPERTS TO MOVE BEYOND PRICING MEASURES SUCH AS CAP AND TRADE TO DEVELOP LONG TERM, COMPLEMENTARY CLIMATE STABILIZATION POLICIES THAT ENCOURAGE MASSIVE TECHNOLOGY INNOVATION AND DEPLOYMENT TO DRIVE THE DEVELOPMENT OF NEW CLEAN ENERGY TECHNOLOGIES AND MARKETS.
TECHNOLOGY - THIS PROGRAMS INCLUDES PROJECTS TO ACHIEVE CLIMATE STABILIZATION BY EXPLORING HOW TO INCORPORATE TECHNOLOGY INNOVATION INTO NEW STRATEGIES, WHOSE AIM IS TO ADVANCE CLEAN ENERGY TECHNOLOGIES AND TO STABILIZE GREENHOUSE EMISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Warren Leon Cesa Executive Director | Officer | 36 | $194,623 |
Seth Mullendore President | OfficerTrustee | 40 | $164,423 |
Anthony Vargo Treasurer CFO | Officer | 40 | $169,230 |
Todd Olinsky-Paul Senior Project Director | 40 | $112,879 | |
Maria Blais Costello Secretary | Officer | 40 | $99,119 |
Brian Keane Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,093,115 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,093,115 |
| Total Program Service Revenue | $755,015 |
| Investment income | $2,530 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,850,660 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $278,830 |
| Compensation of current officers, directors, key employees. | $97,544 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $243,601 |
| Pension plan accruals and contributions | $68,328 |
| Other employee benefits | $209,927 |
| Payroll taxes | $44,703 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $507,639 |
| Advertising and promotion | $0 |
| Office expenses | $30,647 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,642 |
| Travel | $15,164 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $404 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,021 |
| Insurance | $6,526 |
| All other expenses | $0 |
| Total functional expenses | $1,524,095 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,117 |
| Savings and temporary cash investments | $2,149,385 |
| Pledges and grants receivable | $20,000 |
| Accounts receivable, net | $52,982 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $50,639 |
| Net Land, buildings, and equipment | $29,453 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $267,793 |
| Total assets | $2,604,369 |
| Accounts payable and accrued expenses | $291,852 |
| Grants payable | $0 |
| Deferred revenue | $287,025 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $578,877 |
| Net assets without donor restrictions | $1,214,606 |
| Net assets with donor restrictions | $810,886 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,604,369 |
Grants Awarded
Over the last fiscal year, Clean Energy Group Inc has awarded $77,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MA CLIMATE ACTION NETWORK INC PURPOSE: Peak Coalition | $27,000 |
BERKSHIRE ENVIRONMENTAL ACTION TEAM PURPOSE: Peak Coalition | $50,000 |