Citizens Energy Corp
- Assets
- $91.4m
- Revenue
- $4.4m
- Investments
- $0.0
- Employees
- 26
- Location
- Boston, MA
- Founding
- 11/1980
- Data as of
- 12/2021
- EIN
- 04-2691955
Organization Overview
Citizens Energy Corp is located in Boston, MA. The organization was established in 1980. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Citizens Energy Corp employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Citizens Energy Corp is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Citizens Energy Corp generated $4.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Citizens Energy Corp has awarded 69 individual grants totaling $1,991,079. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CITIZENS ENERGY CORPORATION PROVIDES LOW-COST ENERGY SERVICES TO LOW-INCOME FAMILIES IN THE U.S. BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS. CITIZENS ENERGY CORPORATION EXISTS TO HELP MAKE LIFE'S BASIC NEEDS MORE ACCESSIBLE AND AFFORDABLE. CITIZENS ENERGY CORPORATION HAS USED REVENUES FROM COMMERCIAL ENTERPRISES TO CHANNEL HUNDREDS OF MILLIONS OF DOLLARS INTO CHARITABLE PROGRAMS IN THE UNITED STATES. WHETHER HEATING THE HOMES OF THE ELDERLY AND POOR IN MASSACHUSETTS, LOWERING THE COST OF PRESCRIPTION DRUGS FOR MILLIONS OF AMERICANS, OR PROVIDING LOW-COST SOLAR ELECTRICITY TO LOW-INCOME FAMILIES THROUGH OUR COMMUNITY SOLAR PROJECTS, CITIZENS ENERGY CORPORATION CREATES SOCIAL VENTURES AS INNOVATIVE AS THE BUSINESSES THAT FINANCE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CITIZENS PROVIDES DEEPLY DISCOUNTED ELECTRICITY CREDITS TO APPROXIMATELY 12,000 LOW-INCOME RATEPAYERS IN THE IMPERIAL IRRIGATION DISTRICT (IID), FROM ITS 39-MEGAWATT LOW-INCOME COMMUNITY SOLAR PROJECT CITIZENS IMPERIAL SOLAR, LLC COMMISSIONED IN 2019. A COMBINATION OF FREE ELECTRICITY FUNDED FROM CITIZENS SUNRISE TRANSMISSION LLC (CST) AND LOW-COST WHOLESALE ELECTRICITY SOLD DIRECTLY TO IID PROVIDES APPROXIMATELY $4.2 MILLION OF ELECTRICITY SAVINGS PER YEAR TO NEEDY RATEPAYERS STRUGGLING TO STAY COOL IN THE REGION'S 115-DEGREE HEAT.
IN 2019, CITIZENS BEGAN A PROGRAM TO PROVIDE INCREASED ACCESS TO THE BENEFITS OF ELECTRIC VEHICLE (EV) TRANSPORTATION TO DISADVANTAGED COMMUNITIES IN SAN DIEGO COUNTY BY PROVIDING FUNDING TO NON-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO LOW-INCOME FAMILIES. FUNDING FOR THIS PROGRAM COMES FROM CITIZENS SYCAMORE-PENASQUITOS TRANSMISSION, LLC (CSPT). IN 2021, THIS PROGRAM AGREED TO FUND GRANTS TO PROVIDE EV VANS AND THE ASSOCIATED CHARGING INFRASTRUCTURE TO OUTDOOR OUTREACH, WHICH PROVIDES INCREASED ACCESS FOR AT-RISK YOUTH TO THE BENEFITS OF OUTDOOR SPACES.
CITIZENS ENERGY SHELTER WINTER ASSISTANCE PROGRAM: SINCE 1984, CITIZENS ENERGY HAS CONTRIBUTED GRANTS TO OVER 125 HOMELESS SHELTERS IN MASSACHUSETTS AND RHODE ISLAND TO COVER THEIR ENERGY COSTS DURING THE WINTER SEASON.
UNRESTRICTED DONATIONS MADE TO NON-PROFITS: RELATED OF $96,563 AND INCLUDING GRANTS OF $96,563. NATURAL GAS ASSISTANCE FUND: RELATED OF $86,850 AND INCLUDING GRANTS OF $86,850. DURING 1984, CITIZENS ENERGY CORPORATION BEGAN A NATURAL GAS ASSISTANCE PROGRAM FOR THE PURPOSE OF PROVIDING THE BENEFIT OF LOWER-COST NATURAL GAS TO LOW-INCOME & ELDERLY PEOPLE THROUGHOUT THE UNITED STATES. THE ASSISTANCE FUND IS ADMINISTERED BY LOCAL SOCIAL SERVICES AGENCIES WITHIN THEIR AREA TO PROVIDE GRANTS TO NEEDY USERS.IN 2019, CITIZENS LAUNCHED ITS "JOE-4-SUN" LOW-INCOME COMMUNITY SOLAR PROGRAM. THE PROGRAM PROVIDES RETAIL ELECTRICITY BILL CREDITS AT A 50% DISCOUNT TO APPROXIMATELY 2,500 INCOME-QUALIFIED NEEDY FAMILIES ACROSS MASSACHUSETTS AND NEW YORK, SAVING EACH FAMILY APPROXIMATELY $300 PER YEAR. THE BILL CREDITS ORIGINATE FROM SOLAR PROJECTS DEVELOPED, BUILT, OWNED, AND OPERATED BY CITIZENS ENTERPRISES' SUBSIDIARIES. JOE-4-SUN PROVIDES APPROXIMATELY $650,000 PER YEAR OF ELECTRICITY SAVINGS TO LOW-INCOME FAMILIES.IN ADDITION TO THE JOE-4-SUN LOW-INCOME COMMUNITY SOLAR PROGRAM, CITIZENS ALSO PROVIDES APPROXIMATELY $1.7 MILLION/YEAR OF ELECTRICITY SAVINGS TO MUNICIPALITIES, COLLEGES, AND NON-PROFIT ORGANIZATIONS FROM BILL CREDITS GENERATED FROM ITS SOLAR PROJECTS. DURING 2021, CITIZENS INCURRED $249,420 IN EXPENSES FOR OUTREACH, MARKETING, AND CUSTOMER SERVICE RELATED TO THE JOE-4-SUN PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kristina Perez Director Of Charitable Pro | 40 | $132,760 | |
Peter F Smith CEO | Officer | 8 | $84,978 |
Brian O'connor Director Of Communications | 20 | $80,751 | |
Ernest J Panos CFO | Officer | 8 | $67,608 |
Ginette Trask Exec. Assist To Chair, CEO | 10 | $58,611 | |
Timothy J Minogue Controller | 10 | $36,270 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $3,137,940 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,137,940 |
| Total Program Service Revenue | $0 |
| Investment income | $286,225 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $729,508 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $90,000 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,368,479 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $433,413 |
| Grants and other assistance to domestic individuals. | $1,754,186 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,137 |
| Compensation of current officers, directors, key employees. | $173,137 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $399,810 |
| Pension plan accruals and contributions | $5,800 |
| Other employee benefits | $155,922 |
| Payroll taxes | $11,444 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,163 |
| Fees for services: Accounting | $185,336 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,636 |
| Advertising and promotion | $52,751 |
| Office expenses | $215,981 |
| Information technology | $21,635 |
| Royalties | $0 |
| Occupancy | $125,045 |
| Travel | $190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $30,531 |
| All other expenses | $647 |
| Total functional expenses | $3,572,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $3,253,158 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $100,000 |
| 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 | $130,069 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $13,653,948 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $74,312,042 |
| Total assets | $91,449,217 |
| Accounts payable and accrued expenses | $1,015,737 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,015,737 |
| Net assets without donor restrictions | $87,252,406 |
| Net assets with donor restrictions | $3,181,074 |
| 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 | $91,449,217 |
Grants Awarded
Over the last fiscal year, Citizens Energy Corp has awarded $328,063 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
San Diego, CA PURPOSE: UNRESTRICTED | $268,063 |
Washington, DC PURPOSE: UNRESTRICTED | $40,000 |
East Boston, MA PURPOSE: UNRESTRICTED | $5,000 |
Brookline, MA PURPOSE: UNRESTRICTED | $5,000 |
Charlestown, MA PURPOSE: UNRESTRICTED | $5,000 |
Hyannis, MA PURPOSE: UNRESTRICTED | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Steuben Rural Electric Cooperative Inc Bath, NY | $38,467,203 | $11,402,118 |
Griffiss Utility Services Corporation Rome, NY | $55,633,471 | $10,494,870 |
Otsego Electric Cooperative Inc Hartwick, NY | $49,068,805 | $10,412,060 |
Delaware County Electric Cooperative Inc Delhi, NY | $31,160,673 | $9,563,968 |
Washington Electric Co-Operative Inc East Montpelier, VT | $65,071,467 | $7,723,306 |
Citizens Energy Corp Boston, MA | $91,449,217 | $4,368,479 |
Oneida-Madison Electric Cooperative Inc Bouckville, NY | $7,515,717 | $2,856,346 |
Boston Community Access & Programming Foundation Inc Roxbury, MA | $7,302,849 | $3,314,790 |
Northeast Public Power Association Littleton, MA | $3,141,643 | $2,606,605 |
South Central Connecticut Regional Water Authority Retired Employees New Haven, CT | $9,882,631 | $2,331,920 |
Independent Power Producers Of New York Inc Albany, NY | $2,361,660 | $1,877,380 |
New England Power Generators Association Inc Westborough, MA | $833,586 | $1,566,455 |