Sustainable Resources Center Inc
- Assets
- $4.9m
- Revenue
- $12.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Minneapolis, MN
- Founding
- 01/1977
- Data as of
- 12/2023
- EIN
- 41-1279468
Organization Overview
Sustainable Resources Center Inc is located in Minneapolis, MN. The organization was established in 1977. 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 12/2023, Sustainable Resources Center Inc employed 40 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Resources Center 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 12/2023, Sustainable Resources Center Inc generated $12.0m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $11.6m during the year ending 12/2023. While expenses have increased by 6.2% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SRC IS COMMITTED TO MAKING HOMES HEALTHY, SAFE AND ENERGY EFFICIENT FOR LOW INCOME RESIDENTS OF MINNESOTA. FOR OVER 45 YEARS, SRC HAS SPECIALIZED IN WEATHERIZATION, LEAD HAZARD DETECTION AND REMEDIATION, HEALTHY HOMES TRAINING AND AGING IN PLACE SERVICES. SRC FOCUSES ON RETROFITTING HOMES TO IMPROVE THE INDOOR LIVING ENVIRONMENT. ENERGY EFFICIENCY PROGRAMS MAKE THE HOME MORE AFFORDABLE BY REDUCING THE AMOUNT OF ENERGY REQUIRED TO HEAT AND COOL THE STRUCTURE. LEAD HAZARD CONTROL AND HEALTHY HOMES PROGRAMS REMOVE HEALTH RISKS SUCH AS LEAD PAINT, RADON, MOLD, ETC. AGING IN PLACE PROGRAMS CONDUCT REPAIRS WHICH ALLOW SENIORS TO LIVE MORE SAFELY IN THEIR HOME. SRC ALSO CONDUCTS COMMUNITY OUTREACH, PROVIDES EDUCATIONAL TRAINING, AND TESTS CHILDREN FOR LEAD POISONING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION: SRC EXECUTES THE U.S. DEPARTMENT OF ENERGY'S WEATHERIZATION ASSISTANCE PROGRAM ADMINISTERED THROUGH THE MINNESOTA DEPARTMENT OF COMMERCE. THE PROGRAM REDUCES ENERGY COSTS FOR LOW-INCOME INDIVIDUALS BY INCREASING THE ENERGY EFFICIENCY OF THEIR HOMES WHILE ENSURING THE HEALTH AND SAFETY OF OCCUPANTS. SRC SERVES THE RESIDENTS OF HENNEPIN COUNTY AND IS THE STATE'S LARGEST PROVIDER. SRC CONDUCTS ENERGY AUDITS, PREPARES WORK SPECIFICATIONS, OVERSEES CONTRACTORS AND INSPECTS COMPLETED JOBS. WORK INCLUDES ADDING WALL AND ATTIC INSULATION, SEALING AIR LEAKS, REPLACING INEFFICIENT FURNACES AND ADDRESSES HEALTH & SAFETY CONCERNS SUCH AS INADEQUATE VENTILATION, EXCESSIVE MOISTURE, COMBUSTION SAFETY AND SMOKE & CO DETECTORS. SRC HOLDS CONTRACTS WITH ENERGY UTILITY COMPANIES TO CONDUCT SIMILAR WORK FOR THE UTILITIES' LOW-INCOME CUSTOMERS.
SRC MANAGES 6 COMMUNITY GARDENS IN MINNEAPOLIS WHICH ARE GARDENED BY LOCAL RESIDENTS.
LEAD HAZARD CONTROL, HEALTHY HOMES, AND AGING IN PLACE:SRC HAS PROVIDED OVER 20 YEARS OF LEAD HAZARD CONTROL AND HEALTHY HOMES SERVICES AS A SUB-GRANTEE/CONTRACTOR ON HUD GRANTS FOR HENNEPIN COUNTY AND FOR THE MINNESOTA DEPARTMENT OF HEALTH. SRC PROVIDES PAINT INSPECTIONS/RISK ASSESSMENTS AND REMEDIATES THOSE HAZARDS PRIMARILY BY REPLACING LEAD-PAINTED WINDOWS. EACH YEAR SRC REPLACES OVER 500 WINDOWS. SRC ALSO ADDRESSES A VARIETY OF OTHER HEALTHY HOMES ISSUES FOR THE LOW INCOME SEGMENT INCLUDING MOLD & MOISTURE PROBLEMS, PEST INFILTRATION, INSTALLATION OF GRAB BARS AND HANDRAILS, ETC.
LEAD POISONING EDUCATION & OUTREACH:SRC IS A LEADING ADVOCATE FOR LEAD HAZARD AWARENESS AND THE IMPACT ON CHILDREN'S BRAIN DEVELOPMENT AND NERVOUS SYSTEMS DUE TO LEAD POISONING. EACH YEAR SRC'S COMMUNITY OUTREACH INCLUDES CONDUCTING DOZENS OF OUTREACH EVENTS, TESTING HUNDREDS OF CHILDREN FOR LEAD POISONING, VISITING SEVERAL HUNDRED HOMES TO EDUCATE OCCUPANTS ON LEAD, ASTHMA, AND OTHER HEALTHY HOMES ISSUES AND TAKE LEAD DUST SAMPLES. SRC ALSO TEACHES LEAD AND HEALTHY HOMES CLASSES TO HOMEOWNERS, TENANTS, LANDLORDS AND COMMUNITY HEALTH WORKERS IN ENGLISH AND SPANISH. SRC'S LEAD TESTING VAN DRIVES AROUND THE STATE TO PROVIDE LEAD TESTING AND EDUCATIONAL SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Kavaney Chairperson | OfficerTrustee | 1 | $0 |
Becky Yust Secretary | OfficerTrustee | 1 | $0 |
Chris Wilson Treasurer | OfficerTrustee | 1 | $0 |
Dan Chen Board Member | Trustee | 1 | $0 |
Mark Gleason Board Member | Trustee | 1 | $0 |
Reilly Goodwin Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Centraire Heating & Air Conditioning Inc Construction | 12/30/23 | $1,096,343 |
Franek Construction Inc Construction | 12/30/23 | $691,849 |
Northstar Specialities Llc Construction | 12/30/23 | $489,626 |
Admiral Radon & Mechanical Services Construction | 12/30/23 | $831,844 |
Tri-county Community Action Program Construction | 12/30/23 | $812,428 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,694,519 |
| All other contributions, gifts, grants, and similar amounts not included above | $249,100 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,943,619 |
| Total Program Service Revenue | $7,100,852 |
| Investment income | $0 |
| 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 | $12,044,471 |
| 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. | $248,448 |
| Compensation of current officers, directors, key employees. | $37,247 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,523,514 |
| Pension plan accruals and contributions | $50,533 |
| Other employee benefits | $209,214 |
| Payroll taxes | $128,122 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $132,113 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,821,784 |
| Advertising and promotion | $0 |
| Office expenses | $199,678 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $207,705 |
| Travel | $37,007 |
| 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 | $6,078 |
| Insurance | $34,136 |
| All other expenses | $23,736 |
| Total functional expenses | $11,585,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,666,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,406,864 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $431,994 |
| Prepaid expenses and deferred charges | $94,049 |
| Net Land, buildings, and equipment | $39,680 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $291,601 |
| Total assets | $4,930,520 |
| Accounts payable and accrued expenses | $1,776,556 |
| 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 | $291,696 |
| Total liabilities | $2,068,252 |
| Net assets without donor restrictions | $2,862,268 |
| 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 | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,930,520 |