West Penn Power Sustainable Energy Fund
- Assets
- $38.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Greensburg, PA
- Founding
- 07/2000
- Data as of
- 12/2021
- EIN
- 25-1862884
Organization Overview
West Penn Power Sustainable Energy Fund is located in Greensburg, PA. The organization was established in 2000. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. West Penn Power Sustainable Energy Fund 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 12/2021, West Penn Power Sustainable Energy Fund generated $3.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 29.7% each year . All expenses for the organization totaled $804.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, West Penn Power Sustainable Energy Fund has awarded 119 individual grants totaling $3,158,841. 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
PROMOTE THE USE OF RENEWABLE ENERGY AND CLEAN ENERGY TECHNOLOGIES. PROMOTE ENERGY CONSERVATION TECHNOLOGIES. PROMOTE THE EDUCATION, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL BENEFIT ASSOCIATED WITH RENEWAL AND CLEAN ENERGY TECHNOLOGIES AND ENERGY CONSERVATION TECHNOLOGIES THAT CAN BENEFIT RATEPAYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTE THE USE OF RENEWABLE AND CLEAN ENERGY TECHNOLOGIES THAT CAN BENEFIT WEST PENN POWER RATEPAYERS.
PROMOTE ENERGY CONSERVATION AND ENERGY EFFIIENCY TECHNOLOGIES THAT CAN BENEFIT WEST PENN POWER RATEPAYERS.
PROMOTE THE EDUCATION, ECONOMIC DEVELOPMENT, AND ENVIRONMENTAL BENEFIT ASSOCIATED WITH RENEWAL AND CLEAN ENERGY TECHNOLOGIES AND ENERGY CONSERVATION AND EFFICIENCY TECHNOLOGIES THAT CAN BENEFIT WEST PENN POWER RATEPAYERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Neuner President | OfficerTrustee | 2.5 | $0 |
John Kline Treasurer | OfficerTrustee | 2.5 | $0 |
James Stark Secretary | OfficerTrustee | 2.5 | $0 |
John Walliser Vice President | OfficerTrustee | 2.5 | $0 |
Joel Morrison Administrative Staff | Officer | 5 | $0 |
James Smith Administrative Staff | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $201,973 |
| 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 | $201,973 |
| Total Program Service Revenue | $867,916 |
| Investment income | $410,729 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,430,428 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,920,461 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,300 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $105,000 |
| Fees for services: Legal | $3,737 |
| Fees for services: Accounting | $12,995 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $130,361 |
| Fees for services: Other | $369,774 |
| Advertising and promotion | $15,461 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,137 |
| 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 | $3,951 |
| All other expenses | $0 |
| Total functional expenses | $804,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,189,674 |
| Savings and temporary cash investments | $23,638,980 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,078,678 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,146,867 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $15,127 |
| Net Land, buildings, and equipment | $3,870,927 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $50,702 |
| Total assets | $37,990,955 |
| Accounts payable and accrued expenses | $742,112 |
| Grants payable | $360,300 |
| Deferred revenue | $23,027 |
| 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 | $2,305,776 |
| Total liabilities | $3,431,215 |
| Net assets without donor restrictions | $33,594,710 |
| Net assets with donor restrictions | $965,030 |
| 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 | $37,990,955 |
Grants Awarded
Over the last fiscal year, West Penn Power Sustainable Energy Fund has awarded $216,492 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Belle Vernon, PA PURPOSE: ENERGY CONSERVATION & EFFICIENCY | $35,000 |
STATE COLLEGE BOROUGH WATER AUTHORITY PURPOSE: ENERGY CONSERVATION | $32,500 |
COUNTY OF ELK COMMUNITY RECYCLING CENTER PURPOSE: RENEWABLE ENERGY, CONSERVATIO, & EFFICIENCY | $26,500 |
Kane, PA PURPOSE: ENERGY CONSERVATION | $24,492 |
Canonsburg, PA PURPOSE: ENERGY CONSERVATION & EFFICIENCY | $22,000 |
Slippery Rock, PA PURPOSE: RENEWABLE ENERGY, CONSERVATIO, & EFFICIENCY | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Marshall University Research Corporation Huntington, WV | $66,297,155 | $55,595,334 |
Pidc-Developement Management Corporation Philadelphia, PA | $0 | $30,722,052 |
Calvert Impact Capital Inc Bethesda, MD | $679,643,317 | $23,234,500 |
Delaware River Waterfront Corporation Philadelphia, PA | $26,551,411 | $24,883,136 |
T R W I B Inc Pittsburgh, PA | $14,392,055 | $22,959,509 |
Wright Brothers Institute Inc Dayton, OH | $23,307,656 | $22,085,089 |
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Insitech Inc Warren, NJ | $450,270 | $14,466,949 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |