Solar Village Project Inc
- Assets
- $44.8k
- Revenue
- $220.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Crofton, MD
- Founding
- 02/2015
- Data as of
- 01/2024
- EIN
- 47-1884355
Organization Overview
Solar Village Project Inc is located in Crofton, MD. The organization was established in 2015. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solar Village Project 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 01/2024, Solar Village Project Inc generated $220.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.2% each year . All expenses for the organization totaled $240.6k during the year ending 01/2024. While expenses have increased by 22.1% per year over the past 7 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO FIGHT CLIMATE CHANGE AND ENERGY POVERTY BY PROVIDING SOLAR ARRAYS TO UNDERSERVED COMMUNITIES. WE ARE DEDICATED TO FOSTERING SUSTAINABILITY AND EQUALITY, EMPOWERING THESE COMMUNITIES TO THRIVE AND NURTURING OUR PLANET FOR A GREENER FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICE ACCOMPLISHMENTS:SOLAR INSTALLATIONS AND SUPPORT: COMPLETED 33 NEW SOLAR INSTALLATIONS ACROSS SCHOOLS AND CLINICS, INCLUDING 5 WATER FILTRATION SYSTEMS POWERED BY SOLAR ENERGY.PROVIDED MAINTENANCE AND SUPPORT TO OVER 200 EXISTING SOLAR INSTALLATIONS, ENSURING ONGOING RELIABLE ACCESS TO ELECTRICITY AND CLEAN WATER FOR UNDERSERVED COMMUNITIES.NEEDS ASSESSMENTS:CONDUCTED COMPREHENSIVE NEEDS ASSESSMENTS IN TARGETED RURAL AREAS, FOCUSING ON IDENTIFYING ENERGY NEEDS, LOAD PATTERNS, AND THE POTENTIAL IMPACT OF SOLAR INSTALLATIONS ON THE LOCAL POPULATION. THESE ASSESSMENTS GUIDED THE SELECTION AND DESIGN OF SOLAR SOLUTIONS TO MEET COMMUNITY-SPECIFIC NEEDS EFFECTIVELY.IMPACT EVALUATIONS:CARRIED OUT IMPACT EVALUATIONS TO MEASURE THE EFFECTIVENESS OF OUR SOLAR INSTALLATIONS IN IMPROVING ACCESS TO CLEAN ENERGY, ENHANCING QUALITY OF LIFE, AND REDUCING RELIANCE ON HARMFUL ENERGY SOURCES. THESE EVALUATIONS PROVIDE CRITICAL DATA FOR FUTURE PROGRAM PLANNING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joe Kselman President | OfficerTrustee | 20 | $35,385 |
Jack Hawkins Director | Trustee | 5 | $0 |
Gene Lengdorfer Director | Trustee | 5 | $0 |
Richard Shusman Director | Trustee | 5 | $0 |
Laurent Aguilar Director | Trustee | 5 | $0 |
Thomas Kselman Director | Trustee | 5 | $0 |
Financial Statements
| 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 | $220,219 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,219 |
| Total Program Service Revenue | $0 |
| 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 | $220,219 |
| 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 | $188,065 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $35,385 |
| Compensation of current officers, directors, key employees. | $35,385 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,634 |
| 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 | $0 |
| Advertising and promotion | $1,492 |
| Office expenses | $2,297 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $1,250 |
| All other expenses | $0 |
| Total functional expenses | $240,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $44,831 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| 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 | $44,831 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $44,831 |
| 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 | $44,831 |