Dollar Energy Fund Inc
- Assets
- $29.7m
- Revenue
- $23.0m
- Investments
- $0.0
- Employees
- 161
- Location
- Pittsburgh, PA
- Founding
- 09/1983
- Data as of
- 09/2022
- EIN
- 25-1442933
Organization Overview
Dollar Energy Fund Inc is located in Pittsburgh, PA. The organization was established in 1983. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Dollar Energy Fund Inc employed 161 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dollar Energy Fund 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 09/2022, Dollar Energy Fund Inc generated $23.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $21.8m during the year ending 09/2022. While expenses have increased by 3.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE QUALITY OF LIFE FOR HOUSEHOLDS EXPERIENCING HARDSHIPS BY PROVIDING UTILITY ASSISTANCE AND OTHER SERVICES THAT LEAD TO SELF-SUFFICIENCY
Describe the Organization's Program Activity:
Part 3 - Line 4a
DOLLAR ENERGY FUND, INC. PROVIDES UTILITY ASSISTANCE GRANTS TO LOW-INCOME HOUSEHOLDS IN THE FORM OF UTILITY COMPANY CREDITS OR CASH GRANTS FOR ELECTRIC, GAS, WATER, SEWER, AND TELEPHONE UTILITIES. DOLLAR ENERGY FUND, INC.'S UTILITY ASSISTANCE PROGRAM PROVIDES UTILITY ASSISTANCE GRANTS IN THE EXACT AMOUNT NEEDED TO RESTORE SERVICE OR PREVENT TERMINATION OF SERVICE AND IS APPLIED DIRECTLY TO A CUSTOMER'S ACCOUNT. THROUGH CONNECTING UTILITY CUSTOMERS WITH PARTNERING COMMUNITY-BASED ORGANIZATIONS AT APPLICATION INTAKE, UTILITY CUSTOMERS ARE ALSO INTRODUCED TO ADDITIONAL RESOURCES THAT MAY BENEFIT THEIR HOUSEHOLDS. DURING FISCAL YEAR 2022-2023, DOLLAR ENERGY FUND, INC. PROVIDED GRANTS TO 40,488 HOUSEHOLDS.
DOLLAR ENERGY FUND, INC. PROVIDES LOW-INCOME PROGRAM ADMINISTRATION FOR FIRST ENERGY (METED, PENELEC, PENN POWER, WEST PENN POWER), PEOPLES NATURAL GAS, COLUMBIA GAS PENNSYLVANIA, PENNSYLVANIA AMERICAN WATER, ILLINOIS AMERICAN WATER, OMAHA PUBLIC POWER DISTRICT, NATIONAL FUEL GAS, COMMUNITY UTILITIES OF PENNSYLVANIA, AQUA WATER, VERIZON, AND THE WEST VIRGINIA HOUSING DEVELOPMENT FUND. CUSTOMER ASSISTANCE PROGRAMS (CAPS) ARE DESIGNED TO HELP LOW-INCOME RESIDENTIAL CUSTOMERS MAINTAIN UTILITY SERVICE. CAPS CAN HELP RESIDENTIAL CUSTOMERS LOWER THEIR MONTHLY UTILITY BILLS, AND MAY ALSO REDUCE OR REMOVE AMOUNTS PAST DUE.
DOLLAR ENERGY FUND, INC. ADMINISTERS THE APPALACHIAN POWER COMPANY VIRGINIA (AEP-VA) ENERGY AND EFFICIENCY PILOT PROGRAM. THE PROGRAM PROVIDES ELIGIBLE AEP-VA CUSTOMERS WITH AN ENERGY EFFICIENCY EDUCATIONAL PACKET AND ENERGY EFFICIENCY KIT. DURING FISCAL YEAR 2022-2023, DOLLAR ENERGY FUND, INC. PROVIDED 1,719 ENERGY EFFICIENCY EDUCATIONAL PACKETS AND ENERGY EFFICIENCY KITS TO AEP-VA CUSTOMERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald Giulianelli President | OfficerTrustee | 0.5 | $0 |
Kyle O'connor Vice President | OfficerTrustee | 0.5 | $0 |
Nick Meddis Treasurer | OfficerTrustee | 0.5 | $0 |
Joseph Ott Past President | OfficerTrustee | 0.5 | $0 |
Deborah Davis Utility Company Representa | Trustee | 0.5 | $0 |
Ted Gouza Director | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $26,856 |
| Membership dues | $0 |
| Fundraising events | $607,325 |
| Related organizations | $0 |
| Government grants | $898,225 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,929,786 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,462,192 |
| Total Program Service Revenue | $9,529,937 |
| Investment income | $188,506 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,474 |
| Net Income from Fundraising Events | -$163,454 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,037,155 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $11,957,850 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $973,104 |
| Compensation of current officers, directors, key employees. | $492,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,467,263 |
| Pension plan accruals and contributions | $223,619 |
| Other employee benefits | $831,099 |
| Payroll taxes | $391,382 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $50,814 |
| Fees for services: Accounting | $71,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $30,500 |
| Fees for services: Other | $369,945 |
| Advertising and promotion | $26,768 |
| Office expenses | $27,706 |
| Information technology | $637,590 |
| Royalties | $0 |
| Occupancy | $572,321 |
| Travel | $17,517 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,312 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $321,267 |
| Insurance | $52,688 |
| All other expenses | $60,497 |
| Total functional expenses | $21,787,285 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,549,136 |
| Savings and temporary cash investments | $8,316,612 |
| Pledges and grants receivable | $3,022,236 |
| Accounts receivable, net | $1,288,296 |
| 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 | $41,988 |
| Net Land, buildings, and equipment | $1,141,240 |
| Investments—publicly traded securities | $4,033,593 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,328,251 |
| Total assets | $29,721,352 |
| Accounts payable and accrued expenses | $367,595 |
| Grants payable | $0 |
| Deferred revenue | $23,750 |
| 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 | $507,371 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,000,000 |
| Total liabilities | $3,898,716 |
| Net assets without donor restrictions | $11,614,460 |
| Net assets with donor restrictions | $14,208,176 |
| 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 | $29,721,352 |