Energy Trust Of Oregon Inc
- Assets
- $85.7m
- Revenue
- $194.3m
- Investments
- $0.0
- Employees
- 132
- Location
- Portland, OR
- Founding
- 08/2002
- Data as of
- 12/2021
- EIN
- 93-1313663
Organization Overview
Energy Trust Of Oregon Inc is located in Portland, OR. The organization was established in 2002. 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 12/2021, Energy Trust Of Oregon Inc employed 132 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Trust Of Oregon 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 12/2021, Energy Trust Of Oregon Inc generated $194.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $183.7m during the year ending 12/2021. While expenses have increased by 1.5% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EFFICIENCY PROGRAMS BRING ENERGY SAVINGS OPPORTUNITIES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS THROUGHOUT OREGON, AND TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN PARTS OF SW WASHINGTON STATE. IN 2021, ELECTRIC EFFICIENCY PROJECTS SAVED 44 AMW OF ELECTRICITY. GAS EFFICIENCY PROJECTS COMPLETED IN 2021 SAVED 7.1 MILLION ANNUAL THERMS OF NATURAL GAS.
RENEWABLES PROGRAMS BRING ENERGY GENERATION OPPORTUNITIES TO RESIDENTIAL AND BUSINESS CUSTOMERS THROUGHOUT OREGON. IN 2021, RENEWABLE ENERGY PROJECTS ACHIEVED 5.4 AMW IN NEW GENERATION.
THE SOLAR LMI PROGRAM PROVIDES TRAINING AND OTHER RESOURCES TO LOW AND MODERATE INCOME PARTICIPANTS THROUGH COMMUNITY BASED ORGANIZATIONS.
PGE STORAGE, COMMUNITY SOLAR, NWN TLM GEO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Lacey Director Of Operations | 40 | $221,839 | |
Deborah Menashe Director Of Legal And People Services | 40 | $219,002 | |
Michael Colgrove Executive Director | Officer | 40 | $218,311 |
Scott Clark It Director | 40 | $189,985 | |
Fred Gordon Director Of Planning & Evaluation | 40 | $184,479 | |
Amber Cole Director Of Communications & Customer Service | 40 | $178,436 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clearesult Consulting Inc Program Delivery | 12/30/21 | $27,218,915 |
Trc Environmental Corporation Program Delivery | 12/30/21 | $12,525,460 |
Northwest Energy Efficiency Alliance Program Delivery | 12/30/21 | $8,611,702 |
Energy 350 Inc Program Delivery | 12/30/21 | $3,519,749 |
Cascade Energy Inc Program Delivery | 12/30/21 | $3,433,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $194,128,525 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,128,525 |
| Total Program Service Revenue | $0 |
| Investment income | $162,840 |
| 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 | $194,332,695 |
| 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. | $443,076 |
| Compensation of current officers, directors, key employees. | $443,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,709,164 |
| Pension plan accruals and contributions | $778,400 |
| Other employee benefits | $2,163,412 |
| Payroll taxes | $937,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $6,212 |
| Fees for services: Accounting | $63,567 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $58,536,259 |
| Advertising and promotion | $2,462,809 |
| Office expenses | $57,912 |
| Information technology | $922,881 |
| Royalties | $0 |
| Occupancy | $891,910 |
| Travel | $15,405 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,748 |
| Interest | $9,216 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $324,024 |
| Insurance | $132,999 |
| All other expenses | $0 |
| Total functional expenses | $183,711,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,010,300 |
| Savings and temporary cash investments | $72,465,135 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,957,122 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,282,331 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,633,036 |
| Net Land, buildings, and equipment | $651,551 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,739,803 |
| Total assets | $85,739,278 |
| Accounts payable and accrued expenses | $20,308,497 |
| 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 | $1,046,982 |
| Total liabilities | $21,355,479 |
| Net assets without donor restrictions | $64,383,799 |
| 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 | $85,739,278 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Energy Trust Of Oregon Inc has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Meyer Memorial Trust Portland, OR PURPOSE: FOR GENERAL SUPPORT | $500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Center For Sustainable Energy San Diego, CA | $103,384,001 | $246,280,637 |
Energy Trust Of Oregon Inc Portland, OR | $85,739,278 | $194,332,695 |
Northwest Energy Efficiency Alliance Inc Portland, OR | $17,873,097 | $40,333,579 |
Grid Alternatives Oakland, CA | $32,269,792 | $33,853,183 |
Grid Alternatives Oakland, CA | $40,864,368 | $37,598,833 |
Energy Coalition Irvine, CA | $17,114,410 | $15,434,629 |
Solutions Project Inc Oakland, CA | $43,392,918 | $7,109,557 |
Energy Action Fund San Francisco, CA | $13,042,856 | $15,440,948 |
Californias For Energy Independence San Rafael, CA | $5,056,304 | $11,791,038 |
Calcef Innovations Oakland, CA | $15,783,035 | $8,813,623 |
Global Alliance For Incinerator Alternatives Berkeley, CA | $3,935,588 | $4,680,505 |
Climate Action Reserve Los Angeles, CA | $8,572,004 | $4,530,759 |