District Energy St Paul Inc is located in St Paul, MN. The organization was established in 1979. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 09/2021, District Energy St Paul Inc employed 93 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. District Energy St Paul 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, District Energy St Paul Inc generated $38.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $38.0m during the year ending 09/2021. While expenses have increased by 1.5% 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
TO DEVELOP, CONSTRUCT, & OPERATE A DISTRICT HEATING SYSTEM FOR ST. PAUL, MINNESOTA THAT BENEFITS ITS CUSTOMERS, COMMUNITY AND THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DISTRICT ENERGY SERVICES:DISTRICT ENERGY ST. PAUL IS A NON-PROFIT UTILITY PROVIDING ENERGY SERVICES TO DOWNTOWN SAINT PAUL, MN. THE CORE HEATING NETWORK SERVES 205 BUILDINGS IN THE CENTRAL BUSINESS DISTRICT AND ACROSS THE RIVER TO A SECONDARY AREA OF COMMERCIAL, LIGHT INDUSTRIAL, AND RESIDENTIAL DEVELOPMENT. THE COOLING NETWORK SERVES 119 BUILDINGS IN THE CENTRAL BUSINESS DISTRICT. THE CUSTOMER BASE INCLUDES HIGHER EDUCATION, HOSPITALS, FORTUNE 500 COMPANIES, RESIDENTIAL APARTMENTS, CONDOS, AND TOWNHOMES, AS WELL AS HOTELS, ENTERTAINMENT, AND SPORTS VENUES. DISTRICT ENERGY ST. PAUL IS THE LARGEST HOT-WATER DISTRICT ENERGY SYSTEM IN NORTH AMERICA AND IS RECOGNIZED GLOBALLY AS A LEADER IN INTEGRATED AND DYNAMIC ENERGY SERVICES. TO INCREASE EFFICIENCY, RELIABILITY, AND IMPROVE THE ENVIRONMENTAL PROFILE OF THE SYSTEM, THE UTILITY HAS INCORPORATED THERMAL STORAGE, SOLAR THERMAL, AND BIOMASS-FIRED COMBINED HEAT AND POWER.THIS YEAR DISTRICT ENERGY WORKED TO CONTINUE DELIVERING RELIABLE SERVICE TO OUR CUSTOMERS. BEYOND ENERGY DELIVERY, DISTRICT ENERGY CONTINUED TO ADD NEW CUSTOMERS TO THE SYSTEM IN 2021 AND FOSTER EXISTING CUSTOMER RELATIONSHIPS VIRTUALLY AND IN PERSON. IN ADDITION, CUSTOMERS WERE INTRODUCED TO A VIRTUAL CUSTOMER PORTAL WHERE THEY HAVE THE ABILITY TO MONITOR THEIR ENERGY USE. THE DISTRICT ENERGY CUSTOMER PORTAL GIVES CUSTOMERS THE ABILITY TO BETTER TRACK ENERGY PEAKS AND MOVE CUSTOMERS CLOSER TO THEIR ENERGY EFFICIENCY GOALS WHILE INCREASING TRANSPARENCY AND LINES OF COMMUNICATION WITH OUR TEAM.IN ADDITION, DISTRICT ENERGY CONTINUED TO HELP CUSTOMERS WITH THEIR SUSTAINABILITY GOALS. IN 2021 DISTRICT ENERGY LAUNCHED A PROGRAM TO PROVIDE CARBON NEUTRAL COOLING TO ALL 119 OF OUR COOLING CUSTOMERS A TOTAL OF 21 MILLION SQUARE FEET OF BUILDING SPACE WITHIN DOWNTOWN SAINT PAUL. WE ARE ONE OF THE FIRST DISTRICT SYSTEMS IN THE US TO MAKE THIS MOVE, THANKS TO ITS PARTNERSHIP WITH MINNESOTA-BASED CLEAN ENERGY SOLUTIONS PROVIDER JUHL ENERGY TO PURCHASE RENEWABLE ENERGY CREDITS (RECS) FROM RENEWABLE ENERGY PROJECTS IN MINNESOTA AND WISCONSIN. DISTRICT ENERGY ALSO CONTINUED OFFERING OUR ENERGY EFFICIENCY PROGRAM FOR CUSTOMERS AND THE OPPORTUNITY TO WORK DIRECTLY WITH THE DISTRICT ENERGY TEAM TO PLAN AND FUND PROJECTS. AS THE COMPANY WORKS TOWARD THIS GOAL, THE COMPANY IS COMMITTED TO MEETING THE CUSTOMERS' PRIORITIES OF RELIABILITY, EFFICIENCY AND COST.
OPERATIONS & MANAGEMENT SERVICES:EVER-GREEN ENERGY ST. PAUL IS RESPONSIBLE FOR THE OPERATIONS AND MANAGEMENT OF MULTIPLE ENERGY SYSTEMS AND OPERATIONS IN SAINT PAUL, MN, INCLUDING ENERGY PARK UTILITY COMPANY, DISTRICT ENERGY ST. PAUL, ST. PAUL COGENERATION, AND ENVIRONMENTAL WOOD SUPPLY. THESE LAST THREE ENTITIES WORK TOGETHER TO HELP USE LOCAL TREE WASTE (BIOMASS) TO GENERATE HEAT AND ELECTRICITY FOR A LOW-CARBON ENERGY SOLUTION FOR LOCAL CUSTOMERS. THE TEAM WORKS WITH CITIES, COUNTIES, PRIVATE LAND OWNERS, AND BUSINESSES WHO NEED HELP DEALING WITH STORM-DAMAGED, DISEASED, INFESTED OTHER COMPROMISED TREES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Kenneth Smith President & CEO | OfficerTrustee | 37.06 | $523,208 |
Andrew Kasid Evp/cfo Finance & Acct. | Officer | 32.45 | $228,331 |
Michael Auger VP General Counsel & Corp Secretary | Officer | 26.22 | $167,990 |
Christopher Peterson Director Of Production | 1 | $165,329 | |
Stephen Rambeck Director Of Business Dev | 34.87 | $164,257 | |
Anders Rydaker Evp Sustainable Energy Solutions | Officer | 9 | $150,894 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Pioneer Power Inc Construction/repair Services | 9/29/21 | $304,553 |
Hunt Electric Corporation Construction/repair Services | 9/29/21 | $130,614 |
Ckc Contracting Inc Construction/repair Services | 9/29/21 | $274,454 |
Collins Electrical Constructions Inc Construction/repair Services | 9/29/21 | $111,139 |
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 | $38,729,763 |
Investment income | $41,393 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | -$207,783 |
Net Gain/Loss on Asset Sales | $2 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $38,563,375 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $30,000 |
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. | $1,442,087 |
Compensation of current officers, directors, key employees. | $1,442,087 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $8,551,600 |
Pension plan accruals and contributions | $550,257 |
Other employee benefits | $1,531,023 |
Payroll taxes | $562,775 |
Fees for services: Management | $0 |
Fees for services: Legal | $51,887 |
Fees for services: Accounting | $60,424 |
Fees for services: Lobbying | $11,100 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $57,384 |
Fees for services: Other | $81,831 |
Advertising and promotion | $96,485 |
Office expenses | $608,491 |
Information technology | $86,705 |
Royalties | $0 |
Occupancy | $0 |
Travel | $62 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $30,609 |
Interest | $5,675,269 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $4,524,883 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $37,956,895 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $5,673,009 |
Savings and temporary cash investments | $18,059,461 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $3,640,526 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $4,282,995 |
Inventories for sale or use | $110,155 |
Prepaid expenses and deferred charges | $63,789 |
Net Land, buildings, and equipment | $75,709,044 |
Investments—publicly traded securities | $20,493,557 |
Investments—other securities | $0 |
Investments—program-related | $5,840,439 |
Intangible assets | $0 |
Other assets | $80,271 |
Total assets | $133,953,246 |
Accounts payable and accrued expenses | $6,248,144 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $72,761,108 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $67,901,360 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $1,428,263 |
Total liabilities | $148,338,875 |
Net assets without donor restrictions | -$14,385,629 |
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 | $133,953,246 |
Over the last fiscal year, District Energy St Paul Inc has awarded $30,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
Saint Paul, MN PURPOSE: OPERATING SUPPORT | $25,000 |
St Paul, MN PURPOSE: OPERATING SUPPORT | $5,000 |
Organization Name | Assets | Revenue |
---|---|---|
Nodak Electric Cooperative Inc Grand Forks, ND | $162,149,817 | $119,843,322 |
Wright-Hennepin Cooperative Electric Association Rockford, MN | $233,547,306 | $112,957,716 |
Northwest Iowa Power Cooperative Le Mars, IA | $209,144,882 | $97,805,529 |
Minnesota Valley Electric Cooperative Jordan, MN | $225,562,606 | $97,633,848 |
Sioux Valley-Southwestern Electric Cooperative Inc Colman, SD | $299,619,509 | $95,033,427 |
Lake Country Power Cohasset, MN | $343,138,601 | $92,478,659 |
Crow Wing Cooperative Power & Light Company Brainerd, MN | $238,884,299 | $79,431,443 |
Roughrider Electric Cooperative Inc Hazen, ND | $306,147,341 | $78,571,891 |
Mienergy Cooperative Rushford, MN | $203,461,309 | $76,660,548 |
Adams-Columbia Electric Co-Op Friendship, WI | $247,246,792 | $77,428,375 |
Stearns Cooperative Electric Association Melrose, MN | $153,957,017 | $65,381,947 |
Iowa Lakes Electric Cooperative Estherville, IA | $166,721,612 | $65,953,608 |