Heat Oregon
- Assets
- $2.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, OR
- Founding
- 03/1995
- Data as of
- 06/2022
- EIN
- 93-1029893
Organization Overview
Heat Oregon, operating under the name Oregon Energy Fund, is located in Portland, OR. The organization was established in 1995. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Oregon Energy Fund employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oregon Energy Fund 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 06/2022, Oregon Energy Fund generated $1.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $1.3m during the year ending 06/2022. While expenses have increased by 0.7% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ASSIST NEIGHBORS IN FINANCIAL CRISIS WITH THEIR ENERGY BILLS TO SUPPORT HOUSEHOLD STABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OREGON ENERGY FUND PARTNERED WITH LOCAL COMMUNITY AND SOCIAL SERVICE ORGANIZATIONS TO DELIVER ENERGY ASSISTANCE TO QUALIFYING HOUSEHOLDS. OREGON ENERGY FUND RAISES MONEY TO MAKE PAYMENTS DIRECTLY TO UTILITIES OR VENDORS ON BEHALF OF LOW-INCOME CUSTOMERS. OREGON ENERGY FUND ASSISTED APPROXIMATELY 1,356 HOUSEHOLDS; 3,482 INDIVIDUALS, WHICH INCLUDES 1,272 CHILDREN, 1,737 ADULTS AND 473 SENIORS. OF THESE INDIVIDUALS, 445 WERE DISABLED.OREGON ENERGY FUND'S FUNDS WILL BE SPENT IN ACCORDANCE WITH THEIR FISCAL POLICY DETAILED IN SCHEDULE O. OREGON ENERGY FUND'S CURRENT POLICY IS TO COLLECT FUNDS IN ONE FISCAL YEAR AND RELEASE THEM FOR USE IN THE NEXT FISCAL YEAR, CALLED "SECOND YEAR FUNDING." THE POLICY HAS BEEN LARGELY APPLIED TO SPENDING OF RESTRICTED FUNDS DEDICATED TO ENERGY ASSISTANCE. THE RESULTS OF THE CURRENT YEAR ACTIVITY CAN BE FOUND ON THE FORM 990, LINE 19. IT MAY APPEAR THAT HEAT OREGON IS SPENDING MORE THAN IT RAISES, BUT IN FACT ALL PROGRAM EXPENSES FROM LINE 13 ARE USING FUNDS RAISED IN PRIOR YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jesse B Allbritton Executive Director | Officer | 40 | $174,532 |
Marietta Doney Deputy Director | 40 | $106,236 | |
Tori Bryson President | OfficerTrustee | 0.5 | $0 |
Sarah Simmons Vice President | OfficerTrustee | 0.5 | $0 |
Anne Wahr Secretary | OfficerTrustee | 0.5 | $0 |
Miguel Santos Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $35,100 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,573,255 |
| Noncash contributions included in lines 1a–1f | $19,950 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,608,355 |
| Total Program Service Revenue | $0 |
| Investment income | $25,004 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,284 |
| Net Income from Fundraising Events | $17,782 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,655,425 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $525,951 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $178,307 |
| Compensation of current officers, directors, key employees. | $24,963 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $177,058 |
| Pension plan accruals and contributions | $17,708 |
| Other employee benefits | $12,759 |
| Payroll taxes | $34,519 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $42,686 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $19,488 |
| Fees for services: Other | $1,598 |
| Advertising and promotion | $26,622 |
| Office expenses | $115,075 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $41,319 |
| Travel | $1,766 |
| 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 | $6,149 |
| Insurance | $3,536 |
| All other expenses | $5,575 |
| Total functional expenses | $1,271,926 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,542,069 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $64,725 |
| 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 | $25,918 |
| Net Land, buildings, and equipment | $5,770 |
| Investments—publicly traded securities | $1,289,386 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,927,868 |
| Accounts payable and accrued expenses | $58,062 |
| 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 | $58,062 |
| Net assets without donor restrictions | $1,699,733 |
| Net assets with donor restrictions | $1,170,073 |
| 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 | $2,927,868 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Heat Oregon has recieved totaling $98,622.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Housing | $51,376 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $24,346 |
Ocf Joseph E Weston Public Foundation Portland, OR PURPOSE: Housing | $14,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $8,900 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Snap Financial Access Spokane, WA | $12,956,127 | $5,481,674 |
Stovall Development Corporation Los Angeles, CA | $15,224,162 | $3,956,852 |
Housing Resources Bainbridge Bainbridge Island, WA | $8,136,820 | $1,791,113 |
Heat Oregon Portland, OR | $2,927,868 | $1,655,425 |
Neighborhood Housing Services Of The Inland Empire Inc San Bernardino, CA | $6,288,165 | $1,968,201 |
Shared Housing And Resource Exchange California Santa Rosa, CA | $388,408 | $771,294 |
Whatcom-Skagit Housing Bellingham, WA | $4,587,356 | $717,109 |
Nhs Lending Inc Boise, ID | $6,052,045 | $1,544,726 |
Affordable Housing Clearinghouse Lake Forest, CA | $1,947,604 | $540,630 |
Special Assistance Fund For Energy Safe Reno, NV | $382,283 | $307,507 |
Five Rivers Loan Fund Inc Happy Camp, CA | $1,465,568 | $158,853 |
Oregon Training Institute Salem, OR | $35,093 | $157,071 |