Energy Cooperative Association Of Pennylvania
- Assets
- $1.2m
- Revenue
- $786.2k
- Investments
- $0.0
- Employees
- 12
- Location
- Philadelphia, PA
- Founding
- 07/2001
- Data as of
- 12/2021
- EIN
- 23-2172611
Organization Overview
Energy Cooperative Association Of Pennylvania, operating under the name See Schedule O, is located in Philadelphia, PA. The organization was established in 2001. According to its NTEE Classification (Y22) the organization is classified as: Local Benevolent Life Insurance Associations, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2021, See Schedule O employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. See Schedule O is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2021, See Schedule O generated $786.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE ENERGY CO-OP'S MISSION IS TO BE A LEADER OF TODAY'S SUSTAINABLE ENERGY EVOLUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OF THE APPROXIMATELY 4500 ENERGY CO-OP MEMBERS, AS OF 12/31/21 WE HAD 2,333 RENEWABLE ELECTRICITY MEMBERS IN THE PECO AND PPL SERVICE TERRITORIES WHO WANT TO USE RENEWABLE ELECTRICITY THAT IS SOURCED, EITHER REGIONALLY OR NATIONWIDE, FROM WIND AND SOLAR.
OF THE APPROXIMATELY 4500 ENERGY CO-OP MEMBERS, AS OF 12/31/21 WE HAD 1,912 HEATING OIL MEMBERS WHO WERE ABLE TO AFFORDABLY HEAT THEIR HOMES AS A RESULT OF THE PROGRAM.
OF THE APPROXIMATELY 4500 ENERGY CO-OP MEMBERS, AS OF 12/31/21 WE HAD 692 RENEWABLE NATURAL GAS MEMBERS IN THE PECO AND PGW SERVICE TERRITORIES USING NATURAL GAS SOURCED FROM DECOMPOSITION OF LANDFILL WASTE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Fisher Executive Director | Officer | 40 | $132,045 |
Adam Bashe Vice President | OfficerTrustee | 1 | $0 |
Susan Legros President (thru June) | OfficerTrustee | 1 | $0 |
Sheree Petrone President (from July) | OfficerTrustee | 1 | $0 |
Stephen Fernands Secretary (thru June) | OfficerTrustee | 1 | $0 |
Joanna Giwa-Hecht Secretary (from July) | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pjm Settlement Inc Electricity Market | 12/30/21 | $975,267 |
Dte Energy Trading Inc Power Services | 12/30/21 | $503,328 |
Edf Trading North America Llc Natural Gas Services | 12/30/21 | $261,671 |
Nextera Energy Trading Llc Electric Hedge Purchases | 12/30/21 | $141,165 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $110,087 |
| Investment income | $411 |
| 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 | $672,038 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $786,232 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $172,347 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $448,071 |
| Pension plan accruals and contributions | $13,139 |
| Other employee benefits | $48,425 |
| Payroll taxes | $43,781 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $93,905 |
| Office expenses | $9,705 |
| Information technology | $55,129 |
| Royalties | $0 |
| Occupancy | $76,531 |
| Travel | $3,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,571 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,899 |
| Insurance | $7,856 |
| All other expenses | $0 |
| Total functional expenses | $1,009,823 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $101,880 |
| Savings and temporary cash investments | $463,251 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $302,805 |
| 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 | $48,773 |
| Net Land, buildings, and equipment | $10,577 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $1,394 |
| Other assets | $295,685 |
| Total assets | $1,224,365 |
| Accounts payable and accrued expenses | $649,703 |
| 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 | $649,703 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $554,328 |
| Retained earnings, endowment, accumulated income, or other funds | $20,334 |
| Total liabilities and net assets/fund balances | $1,224,365 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryland Broadband Cooperative Inc Salisbury, MD | $10,221,710 | $7,937,357 |
Consumers Gas Cooperative Orrville, OH | $13,291,217 | $2,827,990 |
Bright Energy Inc Mt Gilead, OH | $5,001,280 | $2,472,484 |
Keystone Cooperative Association Inc Canton, OH | $779,203 | $2,407,625 |
Village Energy Cooperative Association Inc Canton, OH | $607,024 | $1,590,630 |
New Jersey State Firefighters Mutual Benevolent Rahway, NJ | $1,775,014 | $1,282,971 |
Alpine Lake Public Utilities Co Terra Alta, WV | $4,532,605 | $1,119,647 |
Energy Cooperative Of America Inc Amherst, NY | $8,235,915 | -$830,770 |
All American Energy Cooperative Association Inc Westlake, OH | $1,615,998 | $1,120,389 |
Energy Cooperative Association Of Pennylvania Philadelphia, PA | $1,224,365 | $786,232 |
Southeast Ohio Broadband Cooperative Lowell, OH | $90,286 | $381,652 |
Buhl Community Water Company Mercer, PA | $1,399,473 | $310,106 |