Overview
What is Dollar Energy Fund Inc?
Dollar Energy Fund Inc is a Pennsylvania-based nonprofit organization, specifically located in Pittsburgh, with a team of 161 dedicated employees. Their mission is to enhance the quality of life for households facing hardships by offering utility assistance and additional services that promote self-sufficiency. Through partnerships with utility vendors, they provided assistance to 38,437 families, enabling them to cover gas, water, telephone, and electricity expenses. The organization also offers a weatherization program, which helps customers effectively manage their utility bills by implementing energy efficiency measures and providing home energy education sessions and energy action plans. These initiatives aim to encourage modifications in energy use habits.
Official website here: www.dollarenergy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 100%, Four-Star out of Four Star rating.
Dollar Energy Fund Inc demonstrates a strong commitment to accountability and financial management, with a perfect score of 100 in both categories. The organization effectively allocates 90.04% of its expenses directly to programs, indicating a focus on its mission to assist families with heating costs. Additionally, the independent board composition and absence of conflicts of interest highlight its governance strength.
User feedback reflects a positive reputation, particularly for its ease of donation through initiatives like the add-a-buck program. Donors appreciate the impact of their contributions, underscoring the organization's role in helping families maintain warmth during harsh winters. This convenience and effectiveness in fundraising seem to resonate well with supporters.
Despite its strengths, there may be some areas for improvement in leadership adaptability, as indicated by lower beacon scores in that category. Overall, Dollar Energy Fund Inc stands out for its financial health and community impact, making it a trusted choice for donors looking to support those in need.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Dollar Energy Fund Inc legitimate?
Dollar Energy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Dollar Energy Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $973,104
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,467,263
For more financial information, click here
Official website here: www.dollarenergy.org
What is the mission statement of Dollar Energy Fund Inc?
The Dollar Energy Fund Inc strives to enhance the living standards of families facing hardships by offering utility assistance and various services that promote self-sufficiency. In 2022, the organization assisted 38,437 families with credits from utility vendors and payments for gas, water, telephone, and electricity. The Weatherization Program is another initiative that helps customers manage their utility bills by employing energy efficiency measures. Furthermore, the Fund provides home energy education sessions and energy action plans to encourage changes in energy usage habits, leading to a reduction in overall consumption.
Official website here: www.dollarenergy.org
Who is the CEO of Dollar Energy Fund Inc?
Daniel V Caponi is the Secretary of Dollar Energy Fund Inc. The CEO's salary of Dollar Energy Fund Inc is $286,134 and their total compensation is $326,159.
Official website here: www.dollarenergy.org
What is the revenue of Dollar Energy Fund Inc?
Dollar Energy Fund Inc's revenue in 2022 was $23,037,155.
Official website here: www.dollarenergy.org
Who are the executives of Dollar Energy Fund Inc and what are their salaries?
The average compensation at Dollar Energy Fund Inc during 2022 was $33,791. There are 161 employees and 16 volunteers at Dollar Energy Fund Inc.
Here are 26 key members and their salaries (Dollar Energy Fund Inc's CEO's salary is $286,134 and their total compensation is $326,159):
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- Compensation: $166,847
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- Other: $32,862
Official website here: www.dollarenergy.org
Where can I find the form 990 for Dollar Energy Fund Inc?
Dollar Energy Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dollarenergy.org
Learn more at the official website: www.dollarenergy.org
Mission Statement of Dollar Energy Fund Inc
Dollar Energy Fund Inc, a renowned nonprofit organization, strives to enhance the living standards of households facing difficulties by extending a helping hand through utility assistance and various services. Committed to promoting self-sufficiency, the organization's mission is to improve the quality of life for these families.
In practice, Dollar Energy Fund Inc offers assistance to an impressive 38,437 families in need, providing credits from utility vendors and making payments on their behalf for essential services such as gas, water, telephone, and electricity. The organization's efforts extend beyond mere financial aid, as it also incorporates the Weatherization Program. This initiative empowers customers to effectively manage their utility bills by utilizing energy efficiency measures.
Moreover, Dollar Energy Fund Inc furthers usage reduction through home energy education sessions and Energy Action Plans. These plans are meticulously designed to facilitate changes in energy usage habits among customers, paving the way for a more sustainable and cost-effective future. By offering these comprehensive services, Dollar Energy Fund Inc plays a pivotal role in helping families regain control over their utility expenses and work towards self-sufficiency.
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Impact
October, 2024
Dollar Energy Fund Inc significantly enhances the quality of life for households facing financial difficulties by offering crucial utility assistance. In the past year, the organization has provided support to 38,437 families, helping them pay for essential services such as gas, water, telephone, and electricity. This assistance comes in the form of credits from utility vendors and direct payments on behalf of those in need.
Moreover, Dollar Energy Fund Inc runs a weatherization program, which empowers customers to better manage their utility expenses through energy efficiency measures. These initiatives not only reduce energy consumption but also promote sustainable practices. The organization further educates clients about energy usage through home energy education sessions and personalized energy action plans, encouraging positive changes in energy habits.
Overall, Dollar Energy Fund Inc plays a vital role in fostering self-sufficiency among vulnerable populations, ensuring that they have access to essential utilities while paving the way for better financial management and energy efficiency.
This information is meant to be a general summary of Dollar Energy Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $194,980
- Program Service Revenue: $9,529,937
- Gross Receipts: $26,269,065
Assets and Liabilities:
- Total Assets: $29,721,352
- Total Liabilities: $3,898,716
- Net Assets: $25,822,636
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FIRST ENERGY(CAP, WARM, PAYMENT C
Revenue
$5,047,820
ALLEGHENY COUNTY (ERAP)
Revenue
$1,287,724
PEOPLES NATURAL GAS CAP
Revenue
$1,272,557
COLUMBIA GAS OF PA CAP
Revenue
$703,510
PWSA (BILL DISCOUNT, LEAD-LINE)
Revenue
$228,230
Organization Details
Founding Year
1983
Phone
(412) 431-2800Principal Officer
Daniel V Caponi
Main Address
317 EAST CARSON WEST TOWER 106, PITTSBURGH, PA, 15219
Website
www.dollarenergy.orgNTEE Category
Code: L820 - Housing
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