Sunwork Renewable Energy Projects
- Assets
- $978.9k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 8
- Location
- Milpitas, CA
- Founding
- 10/2006
- Data as of
- 05/2023
- EIN
- 55-0909278
Organization Overview
Sunwork Renewable Energy Projects is located in Milpitas, CA. The organization was established in 2006. According to its NTEE Classification (U11) the organization is classified as: Single Organization Support, under the broad grouping of Science & Technology and related organizations. As of 05/2023, Sunwork Renewable Energy Projects employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sunwork Renewable Energy Projects 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 05/2023, Sunwork Renewable Energy Projects generated $1.8m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.7m during the year ending 05/2023. While expenses have increased by 0.9% per year over the past 4 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
THE ORGANIZATION'S MISSION IS TO CARRY OUT VOLUNTEER-ASSISTED INSTALLATION OF CLEAN ENERGY TECHNOLOGIES, THEREBY REDUCING THE COST OF THESE PROJECTS IN ORDER TO PROMOTE WIDER ADOPTION, WHILE PROVIDING TRAINING AND HANDS-ON EXPERIENCE WITH VOCATIONAL VALUE TO VOLUNTEERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REDUCED-COST CLEAN ENERGY TECHNOLOGY INSTALLATION: 86 REDUCED-COST RESIDENTIAL RETROFIT GRID-TIED SOLAR PHOTOVOLTAIC SYSTEMS INSTALLED FOR LOW-ENERGY-USE HOMEOWNERS, FOR A TOTAL OF 462.6 KILOWATTS OF RESIDENTIAL GENERATING CAPACITY. AVERAGE INSTALLED COST FOR THE RESIDENTIAL SYSTEMS BEFORE SUBSIDIES WAS $2.65/WATT, VERSUS THE LOCAL AVERAGE INSTALLED COST FOR SYSTEMS OF THE SAME TYPE OF APPROXIMATELY $3.05/WATT. 1 REDUCED-COST NONRESIDENTIAL RETROFIT GRID-TIED SOLAR PHOTOVOLTAIC SYSTEM INSTALLED FOR NONPROFIT ORGANIZATION, FOR A TOTAL OF 21.7 KILOWATTS OF NONRESIDENTIAL GENERATING CAPACITY. INSTALLED COST FOR THE NONRESIDENTIAL SYSTEM BEFORE SUBSIDIES WAS $2.15/WATT, VERSUS THE LOCAL AVERAGE INSTALLED COST FOR SYSTEMS OF THE SAME TYPE OF APPROXIMATELY $2.65/WATT. 484.3 KILOWATTS OF SOLAR INSTALLED IN TOTAL. 52 HIGH-EFFICIENCY ELECTRIC HEAT PUMP WATER HEATERS INSTALLED REPLACING GAS-FIRED WATER HEATERS IN HOMES. LEVERAGING LOCAL REBATES, AVERAGE HEAT PUMP WATER HEATER PROJECT COST AS INVOICED TO HOMEOWNERS WAS APPROXIMATELY $1800.
VOLUNTEER SKILL AND SAFETY TRAINING: 3 ONLINE TRAINING SESSIONS HELD FOR A TOTAL OF 152 NEW VOLUNTEERS ATTENDING, BRINGING THE TOTAL NUMBER OF TRAINED VOLUNTEERS TO 2980. 87 SOLAR PHOTOVOLTAIC INSTALLATIONS HELD, WITH 138 DIFFERENT INDIVIDUALS PARTICIPATING ON AT LEAST ONE SOLAR INSTALLATION. 52 HEAT PUMP WATER HEATER INSTALLATIONS HELD, WITH 62 DIFFERENT INDIVIDUALS PARTICIPATING ON AT LEAST ONE WATER HEATER INSTALLATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Reuben Veek Executive And Operations Director | OfficerTrustee | 60 | $67,500 |
Michael Balma Development And Finance Director | OfficerTrustee | 0 | $0 |
Aimee Gotway Bailey Director | Trustee | 0 | $0 |
Julian Ryba-White Director | Trustee | 0 | $0 |
Tom Kabat Director | Trustee | 0 | $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 | $2,303 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,303 |
| Total Program Service Revenue | $1,748,844 |
| 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 | $1,759,347 |
| 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. | $67,500 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $303,750 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $28,537 |
| Payroll taxes | $28,401 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $6,375 |
| Advertising and promotion | -$1,775 |
| Office expenses | $1,154 |
| Information technology | $6,928 |
| Royalties | $0 |
| Occupancy | $6,540 |
| 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 | $75,787 |
| All other expenses | $12,153 |
| Total functional expenses | $1,662,511 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $110,817 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,273 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $670,899 |
| Prepaid expenses and deferred charges | $39,061 |
| Net Land, buildings, and equipment | $98,895 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,978 |
| Total assets | $978,923 |
| Accounts payable and accrued expenses | $82,158 |
| 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 | $82,158 |
| Net assets without donor restrictions | $0 |
| 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 | $896,765 |
| Total liabilities and net assets/fund balances | $978,923 |
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|---|---|---|
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Sunwork Renewable Energy Projects Milpitas, CA | $978,923 | $1,759,347 |
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