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Holland Energy Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 300945346 ✦ Holland, MI ✦ Designated as a 501(c)(3)

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Overview

What is Holland Energy Fund?

Holland Energy Fund is a nonprofit organization, registered under Section 501(c)(3) of the Internal Revenue Code, situated in Holland, Michigan. The primary objective of this organization is to promote a municipal clean energy program, making it accessible to any City of Holland homeowner. The program encompasses educational initiatives about energy, providing a subsidy for home energy improvements, and offering low-interest loans with minimal barriers to qualification. The monthly loan repayment is conveniently incorporated into the homeowner's utility bill. The Holland Energy Fund's mission is to encourage energy efficiency and sustainability within the City of Holland community.


Official website here: www.hollandenergyfund.com

Is Holland Energy Fund legitimate?

Holland Energy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Holland Energy Fund 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: $0

For more financial information, click here


Official website here: www.hollandenergyfund.com

What is the mission statement of Holland Energy Fund?

The Holland Energy Fund is established as a charitable organization, adhering to Section 501(c)(3) of the Internal Revenue Code. Its primary mission is to execute a municipal clean energy program, making it accessible to any City of Holland homeowner. This program encompasses energy education initiatives, offers a subsidy for home energy improvements, and provides low-interest loans with minimal qualification barriers. The monthly loan repayment is conveniently included in the homeowners' utility bills.


Official website here: www.hollandenergyfund.com

Who is the CEO of Holland Energy Fund?

Lynn Mccammon is the President, Treasurer of Holland Energy Fund.


Official website here: www.hollandenergyfund.com

What is the revenue of Holland Energy Fund?

Holland Energy Fund's revenue in 2023 was $345,119.


Official website here: www.hollandenergyfund.com

Who are the executives of Holland Energy Fund and what are their salaries?


Here are 6 key members and their salaries:


Lynn Mccammon (President, Treasurer)
  • Compensation: $0
  • Related: $105,067
  • Other: $0
Tim Hemingway (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carolyn Maalouf (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jay Peters (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nicki Arendshorst (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Corbin (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.hollandenergyfund.com

Where can I find the form 990 for Holland Energy Fund?

Holland Energy Fund's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.hollandenergyfund.com

Learn more at the official website: www.hollandenergyfund.com

Mission Statement of Holland Energy Fund

Holland Energy Fund is a non-profit organization, structured under Section 501(c)(3) of the Internal Revenue Code, with a mission to conduct a municipal clean energy program. This program is open to any homeowner residing in Holland city, providing them with an opportunity to enhance their home's energy efficiency. The organization's mission encompasses three main aspects: energy education, subsidies for home energy improvements, and low-interest loans with minimal barriers to qualification.

Through its energy education efforts, Holland Energy Fund aims to educate homeowners about energy conservation and the benefits of implementing energy-efficient improvements. This education not only helps homeowners reduce their energy consumption and costs but also contributes to a more sustainable environment. The organization provides a subsidy to facilitate the implementation of these energy-efficient upgrades, making it more affordable for homeowners to invest in their homes' energy efficiency.

In addition to the subsidy, Holland Energy Fund offers low-interest loans with minimal barriers to qualification. This financing option enables homeowners to make necessary energy improvements without the burden of high-interest rates. The monthly loan payment is conveniently billed along with the homeowner's utility bill, making it an easy and manageable payment option. With these initiatives, Holland Energy Fund aims to empower homeowners to improve their homes' energy efficiency and contribute to a more sustainable future.

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Impact




October, 2024

Holland Energy Fund significantly impacts the community by facilitating a municipal clean energy program tailored for homeowners in the City of Holland. The program promotes energy efficiency through educational initiatives, helping residents understand the benefits and methods to improve their energy use.

A key aspect of its impact is the provision of financial support, including subsidies for home energy improvements and low-interest loans that come with minimal qualifying barriers. This approach allows homeowners to implement necessary upgrades without immense financial strain. The convenience of having loan payments included in monthly utility bills further encourages participation, making it easier for homeowners to manage their finances while investing in energy-efficient solutions.

By empowering residents with the knowledge and resources to enhance their homes, Holland Energy Fund fosters a culture of sustainability and energy conservation within the community. This not only benefits individual households but also contributes to broader environmental goals, enhancing the overall quality of life in Holland, MI.




This information is meant to be a general summary of Holland Energy Fund. 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.

Revenue
$345,119 (2023)
Expenses
$230,489 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $13,761
  • Program Service Revenue: $56,258
  • Gross Receipts: $345,119

Assets and Liabilities:

  • Total Assets: $1,495,234
  • Total Liabilities: $605,107
  • Net Assets: $890,127

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Organization Details

Founding Year

2015

Principal Officer

Lynn Mccammon

Main Address

270 S River Avenue, Holland, MI, 49423

NTEE Category

Code: L81 - Housing

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