Energy Allies A Nj Nonprofit Corporation
- Assets
- $160.4k
- Revenue
- $745.5k
- Investments
- $0.0
- Employees
- 14
- Location
- Cambridge, MA
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 47-1608923
Organization Overview
Energy Allies A Nj Nonprofit Corporation is located in Cambridge, MA. The organization was established in 2014. 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, Energy Allies A NJ Nonprofit Corporation employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Allies A NJ Nonprofit Corporation 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, Energy Allies A NJ Nonprofit Corporation generated $745.5k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.5% each year . All expenses for the organization totaled $950.3k during the year ending 12/2023. 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
REVOLUTIONIZE THE ENERGY SYSTEM BY CENTERING CLIMATE-IMPACTED COMMUNITIES THROUGH CLEAN ENERGY PRODUCTS, POLICY ADVOCACY AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY ALLIES A NJ NONPROFIT CORPORATION (ENERGY ALLIES) MISSION IS TO PUT COMMUNITY SOLAR WITHIN REACH OF EVERY AMERICAN. EVEN THOUGH SOLAR IS BOOMING AND THE TECHNOLOGY IS CHEAPER THAN EVER, 80 PERCENT OF AMERICAN HOUSEHOLDS ARE LOCKED OUT OF THE MARKET. THIS EXCLUSION HAS A DISPROPORTIONATE IMPACT ON LOW-TO-MODERATE INCOME (LMI) HOUSEHOLDS, WHO PAY A GREATER PORTION OF THEIR INCOME FOR ENERGY, BUT WHO ARE CURRENTLY THE LEAST LIKELY TO BENEFIT FROM CLEAN ENERGY. COMMUNITY SOLAR ENABLES HOUSEHOLDS TO SUBSCRIBE TO A SHARED SOLAR FARM IN THEIR AREA AND SAVE MONEY ON THEIR UTILITY BILL, WITHOUT ANY EXTRA COSTS OR CHANGES TO THEIR PROPERTY-OPENING ACCESS TO RENTERS, LMI HOUSEHOLDS, AND OTHER COMMUNITIES THAT ARE LEFT OUT OF ROOFTOP SOLAR. ENERGY ALLIES BRINGS SCALABLE SOLUTIONS TO BEAR ON PERSISTENT INCLUSION ISSUES IN THREE KEY AREAS: 1) COMMUNITY ENROLLMENT AND EDUCATION, 2) FINANCIAL INNOVATION, AND 3) POLICY ADVOCACY, THEREBY DEMOCRATIZING SOLAR ACCESS AND ACCELERATING THE TRANSITION TO CLEAN ENERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Yesenia Rivera Executive Director | Officer | 40 | $129,262 |
Ben Healey Board Member And Treasurer | OfficerTrustee | 1 | $0 |
Sabrina Dupr Board Member And Secretary | OfficerTrustee | 1 | $0 |
Sara Chandler Board Member And Co-Chair | OfficerTrustee | 1 | $0 |
Ellen Feeney Co-Chair - Thru. 01/2023 | OfficerTrustee | 1 | $0 |
Stephanie Speirs Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $256,743 |
| All other contributions, gifts, grants, and similar amounts not included above | $488,521 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $745,264 |
| Total Program Service Revenue | $218 |
| 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 | $745,482 |
| 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. | $129,262 |
| Compensation of current officers, directors, key employees. | $38,779 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $529,179 |
| Pension plan accruals and contributions | $20,411 |
| Other employee benefits | $37,152 |
| Payroll taxes | $51,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,087 |
| Fees for services: Accounting | $22,007 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $74,078 |
| Advertising and promotion | $49 |
| Office expenses | $25,587 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $23,132 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,303 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,648 |
| All other expenses | $3,811 |
| Total functional expenses | $950,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $95,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $60,000 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $4,692 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $160,439 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $35,000 |
| 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 | $9,500 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $44,500 |
| Net assets without donor restrictions | $115,939 |
| 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 | $160,439 |