Berkshire Hathaway Energy Foundation
- Assets
- $64.6m
- Revenue
- $11.6m
- Investments
- $62.9m
- Employees
- 0
- Location
- Des Moines, IA
- Founding
- 12/2015
- Data as of
- 12/2022
- EIN
- 47-3577741
Organization Overview
Berkshire Hathaway Energy Foundation is located in Des Moines, IA. The organization was established in 2015. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Berkshire Hathaway Energy Foundation 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 12/2022, Berkshire Hathaway Energy Foundation generated $11.6m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $5.4m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Berkshire Hathaway Energy Foundation has awarded 158 individual grants totaling $11,300,520. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Onnalee K Kelley President/director | 1 | $0 | |
Calvin D Haack Treasurer/director | 1 | $0 | |
Jonathan D Hale V.P. Taxation | 1 | $0 | |
Natalie L Hocken Director | 1 | $0 | |
Jeffery B Erb Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,041,725 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $526,864 |
| Capital Gain Net Income | $526,864 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,568,589 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36,643 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,643 |
| Contributions, gifts, grants paid | $5,356,754 |
| Total expenses and disbursements | $5,393,397 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,706,474 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $62,888,876 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,595,350 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $4,000,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,000,000 |
Grants Awarded
Over the last fiscal year, Berkshire Hathaway Energy Foundation has awarded $5,356,754 in support to 66 organizations.
| Grant Recipient | Amount |
|---|---|
100 BLACK WOMEN OF OMAHA PURPOSE: GENERAL SUPPORT | $1,000 |
100 BLACK MEN OF OMAHA PURPOSE: GENERAL SUPPORT | $1,000 |
BOY SCOUTS OF AMERICA WLACC PURPOSE: GENERAL SUPPORT | $50,000 |
AMERICAN INDIAN SCIENCE & ENGINEERING SOCIETY PURPOSE: GENERAL SUPPORT | $30,000 |
BOYS & GIRLS CLUB OF IMPERIAL VALLEY PURPOSE: GENERAL SUPPORT | $75,000 |
BRAWLEY UNION HIGH SCHOOL PURPOSE: GENERAL SUPPORT | $15,000 |