Solar And Energy Loan Fund Of St Lucie County Inc
- Assets
- $16.3m
- Revenue
- $6.0m
- Investments
- $0.0
- Employees
- 15
- Location
- Ft Pierce, FL
- Founding
- 03/2012
- Data as of
- 09/2021
- EIN
- 27-3102098
Organization Overview
Solar And Energy Loan Fund Of St Lucie County Inc is located in Ft Pierce, FL. The organization was established in 2012. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 09/2021, Solar And Energy Loan Fund Of St Lucie County Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solar And Energy Loan Fund Of St Lucie County 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 09/2021, Solar And Energy Loan Fund Of St Lucie County Inc generated $6.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 52.4% each year . All expenses for the organization totaled $2.0m during the year ending 09/2021. While expenses have increased by 18.5% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENHANCE CONSUMER ACCESS TO CLEAN ENERGY TECHNOLOGIES BY PROVIDING ENERGY EXPERTISE, PROVIDING FAVORABLE FINANCING OPTIONS,STIMULATING ECONOMIC PROSPERITY,SERVING UNDERSERVED AREAS AND FACILITATING EDUCATIONAL AWARENESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY LOANS TO INDIVIDUALS TO ENHANCE THE ENERGY EFFICIENCY OF THEIR HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Duanne Andrade Chief Financial Officer | Officer | 40 | $116,222 |
Doug Coward Executive Director | Officer | 40 | $113,847 |
Kyle Abney President | OfficerTrustee | 3 | $0 |
Thomas T Cooper Secretary | OfficerTrustee | 2 | $0 |
Fran Ross Vice President | OfficerTrustee | 2 | $0 |
Kristen Guettler Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,826,265 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,905,060 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,731,325 |
| Total Program Service Revenue | $437,122 |
| Investment income | $676,709 |
| 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 | $6,002,177 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $940,677 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $115,165 |
| Payroll taxes | $70,437 |
| 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 | $36,994 |
| Advertising and promotion | $176,143 |
| Office expenses | $10,254 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,400 |
| Travel | $13,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $192,552 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,535 |
| Insurance | $13,098 |
| All other expenses | $59,961 |
| Total functional expenses | $2,042,895 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,995,711 |
| Savings and temporary cash investments | $2,669 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $82,637 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,029,794 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $60,305 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $88,189 |
| Intangible assets | $24,959 |
| Other assets | $0 |
| Total assets | $16,284,264 |
| Accounts payable and accrued expenses | $1,076,576 |
| 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 | $7,009,499 |
| Other liabilities | $435,890 |
| Total liabilities | $8,521,965 |
| Net assets without donor restrictions | $879,003 |
| Net assets with donor restrictions | $6,883,296 |
| 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 | $16,284,264 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Solar And Energy Loan Fund Of St Lucie County Inc has recieved totaling $250,000.
| Awarding Organization | Amount |
|---|---|
Opportunity Finance Network Philadelphia, PA PURPOSE: ENERGY EFFICIENCY GRANT | $200,000 |
United States Energy Foundation San Francisco, CA PURPOSE: TO SUPPORT EDUCATION AND OUTREACH TO BUILD A CLEAN ENERGY FUTURE. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southface Energy Institute Inc Atlanta, GA | $9,241,956 | $6,315,697 |
Solar And Energy Loan Fund Of St Lucie County Inc Ft Pierce, FL | $16,284,264 | $6,002,177 |
Southeast Energy Efficiencyalliance Inc Atlanta, GA | $2,282,467 | $3,474,568 |
Florida Electric Power Coordinating Group Tampa, FL | $2,091,589 | $1,442,319 |
Mzc Foundation Inc Atlanta, GA | $780,857 | $1,908,335 |
Greenlink Analytics Inc Atlanta, GA | $1,968,974 | $2,188,127 |
Kula Project Inc Marietta, GA | $444,774 | $916,217 |
Smart Grid Consumer Collaborative Atlanta, GA | $633,689 | $808,855 |
Alabama Clean Fuels Coalition Birmingham, AL | $248,722 | $558,543 |
Florida Green Building Coalition Inc Orlando, FL | $273,527 | $401,617 |
Southeast Climate & Energy Network Inc Fort Lauderdale, FL | $214,787 | $383,522 |
World Nuclear Fuel Market Board Of Governors Peachtree Corners, GA | $657,823 | $238,767 |