Overview
What is Solar & Energy Loan Fund Of St Lucie County Inc?
Solar & Energy Loan Fund of St Lucie County Inc is a nonprofit organization based in Fort Pierce, Florida. Their primary mission is to empower underserved communities by providing affordable and innovative financing for sustainable property improvements. These improvements focus on energy efficiency, renewable energy, wind-hazard mitigation, and water conservation. By offering energy expertise and favorable financing options, they aim to stimulate economic prosperity while enhancing consumer access to clean energy technologies. They currently have a workforce of 19 individuals dedicated to this cause.
Official website here: www.stlucieco.gov/ed/empower.htm
What are the reviews and ratings of this charity?
Charity Navigator rates Solar & Energy Loan Fund Of St Lucie County Inc at 84%, resulting in a Three-Star out of Four Star rating. This score indicates a solid performance in terms of accountability and finance, with a notable Accountability & Finance Score of 82. Such a rating suggests that the organization is managing its resources effectively and is transparent in its operations.
The fund demonstrates organizational strengths, particularly in its culture and community engagement, reflected by an impressive score of 97 in that category. The program expense ratio shows that a significant portion of its funding (86.85%) is directed towards the programs it supports, while its working capital ratio of 3.79 years indicates a healthy financial buffer for future activities. The board is fully composed of independent members, enhancing its governance and oversight capabilities.
While the ratings are largely positive, no specific limitations or concerns regarding the organization were highlighted in the available data. The absence of material diversions of assets and the presence of essential governance policies, such as conflict of interest and whistleblower policies, further underline the organization’s commitment to ethical practices and accountability.
This AI summary has been generated from information found on Charity Navigator.
Is Solar & Energy Loan Fund Of St Lucie County Inc legitimate?
Solar & Energy Loan Fund Of St Lucie County Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solar & Energy Loan Fund Of St Lucie County 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,227,485
For more financial information, click here
Official website here: www.stlucieco.gov/ed/empower.htm
What is the mission statement of Solar & Energy Loan Fund Of St Lucie County Inc?
The Solar & Energy Loan Fund, an organization dedicated to promoting clean energy technologies, aims to help underserved communities by providing affordable and innovative financing for sustainable property improvements. These improvements encompass energy efficiency, renewable energy, wind-hazard mitigation, and water conservation. By offering energy loans, the fund assists individuals in enhancing the energy efficiency of their homes, thereby stimulating economic prosperity and encouraging educational awareness.
Official website here: www.stlucieco.gov/ed/empower.htm
Who is the CEO of Solar & Energy Loan Fund Of St Lucie County Inc?
Doug Coward is the President of Solar & Energy Loan Fund Of St Lucie County Inc.
Official website here: www.stlucieco.gov/ed/empower.htm
What is the revenue of Solar & Energy Loan Fund Of St Lucie County Inc?
Solar & Energy Loan Fund Of St Lucie County Inc's revenue in 2022 was $4,005,375.
Official website here: www.stlucieco.gov/ed/empower.htm
Who are the executives of Solar & Energy Loan Fund Of St Lucie County Inc and what are their salaries?
The average compensation at Solar & Energy Loan Fund Of St Lucie County Inc during 2022 was $64,604. There are 19 employees at Solar & Energy Loan Fund Of St Lucie County Inc.
Here are 7 key members and their salaries:
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- Compensation: $119,089
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- Other: $6,242
- Compensation: $121,464
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- Other: $6,367
Official website here: www.stlucieco.gov/ed/empower.htm
Where can I find the form 990 for Solar & Energy Loan Fund Of St Lucie County Inc?
Solar & Energy Loan Fund Of St Lucie County Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.stlucieco.gov/ed/empower.htm
Learn more at the official website: www.stlucieco.gov/ed/empower.htm
Mission Statement of Solar & Energy Loan Fund Of St Lucie County Inc
The Solar & Energy Loan Fund of St Lucie County Inc is a nonprofit organization that aims to rebuild and empower underserved communities by providing affordable and innovative financing for sustainable property improvements. Specifically, this fund focuses on energy efficiency, renewable energy, wind-hazard mitigation, and water conservation. By offering energy loans to individuals, the organization enhances the energy efficiency of their homes, promoting clean energy technologies and stimulating economic prosperity.
In line with its mission, the Solar & Energy Loan Fund of St Lucie County Inc serves underserved areas and facilitates educational awareness about sustainable property improvements. By providing energy expertise and favorable financing options, the nonprofit helps consumers gain access to clean energy technologies, making a significant contribution to the betterment of the environment and the financial stability of homeowners.
In summary, the Solar & Energy Loan Fund of St Lucie County Inc is an invaluable resource for those seeking to improve the energy efficiency of their homes, while contributing to the broader goal of promoting clean energy technologies and economic growth in underserved communities.
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Impact
June, 2024
The Solar & Energy Loan Fund of St. Lucie County Inc's impact lies in enhancing consumer access to clean energy technologies by providing energy expertise, favorable financing options, stimulating economic prosperity, serving underserved areas, and facilitating educational awareness. Through their energy loans to individuals, they help enhance the energy efficiency of homes, ultimately contributing to the overall sustainability of properties. Their mission is to rebuild and empower underserved communities by providing access to affordable and innovative financing for sustainable property improvements, including energy efficiency, renewable energy, wind-hazard mitigation, and water conservation. This organization plays a vital role in promoting environmental conservation and sustainable living practices.
This information is meant to be a general summary of Solar & Energy Loan Fund Of St Lucie County 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: $839,214
- Program Service Revenue: $464,790
- Gross Receipts: $4,005,375
Assets and Liabilities:
- Total Assets: $20,384,706
- Total Liabilities: $10,984,551
- Net Assets: $9,400,155
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACT SERVICE REVEN
Revenue
$235,000
APPLICATION FEES
Revenue
$229,790
Organization Details
Founding Year
2010
Phone
(772) 468-1818Principal Officer
Doug Coward
Main Address
2400 RHODE ISLAND AVE, FT PIERCE, FL, 34950
NTEE Category
Code: C35 - Environment
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