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Colorado Clean Energy Fund

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

EIN: 320586861 ✦ Ridgway, CO ✦ Designated as a 501(c)(3)

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Overview

What is Colorado Clean Energy Fund?

The Colorado Clean Energy Fund is a nonprofit organization based in Ridgway, Colorado, dedicated to bridging funding gaps in clean energy and pollution-reduction projects. Their mission is multifaceted, aiming to reduce barriers of entry, expedite the equitable implementation of clean energy statewide, and contribute to Colorado's climate goals. The fund provides financing for a variety of clean energy projects, working to foster a cleaner, more sustainable future for Colorado.


Official website here: www.cocleanenergyfund.com

Is Colorado Clean Energy Fund legitimate?

Colorado Clean Energy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Colorado Clean 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: $181,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $445,452

For more financial information, click here


Official website here: www.cocleanenergyfund.com

What is the mission statement of Colorado Clean Energy Fund?

The Colorado Clean Energy Fund is dedicated to bridging financing gaps in clean energy and pollution-reduction projects. Their mission is to lower entry barriers, promote the equitable adoption of clean energy, and contribute to Colorado's climate goals. By providing financing for clean energy projects, the fund aims to accelerate the state's transition towards sustainable energy solutions.


Official website here: www.cocleanenergyfund.com

Who is the CEO of Colorado Clean Energy Fund?

Paul Scharfenberger is the Ceo of Colorado Clean Energy Fund. The CEO's salary of Colorado Clean Energy Fund is $171,086 and their total compensation is $181,961.


Official website here: www.cocleanenergyfund.com

What is the revenue of Colorado Clean Energy Fund?

Colorado Clean Energy Fund's revenue in 2022 was $3,723,635.


Official website here: www.cocleanenergyfund.com

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

The average compensation at Colorado Clean Energy Fund during 2022 was $89,630. There are 7 employees and 4 volunteers at Colorado Clean Energy Fund.


Here are 7 key members and their salaries (Colorado Clean Energy Fund's CEO's salary is $171,086 and their total compensation is $181,961):


Paul Scharfenberger (Ceo)
  • Compensation: $171,086
  • Related: $0
  • Other: $10,875
Heather Braithwaite (Cio)
  • Compensation: $151,000
  • Related: $0
  • Other: $7,378
David Harris (Coo)
  • Compensation: $134,644
  • Related: $0
  • Other: $12,043
Jennifer Gremmert (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Eric Drummond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Will Toor (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keirstin Beck (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.cocleanenergyfund.com

Where can I find the form 990 for Colorado Clean Energy Fund?

Colorado Clean Energy Fund's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.cocleanenergyfund.com

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

Mission Statement of Colorado Clean Energy Fund

The Colorado Clean Energy Fund, an organization dedicated to addressing climate change, aims to bridge existing financing gaps in clean energy and pollution-reduction projects. By lowering barriers of entry, they strive to hasten the equal adoption of clean energy across the state, thereby helping Colorado achieve its climate goals. In essence, the Colorado Clean Energy Fund serves a crucial role in accelerating the transition to a cleaner energy future, ensuring that the state remains at the forefront of environmental conservation efforts.

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Impact




June, 2024

The Colorado Clean Energy Fund's impact lies in filling existing financing gaps in clean energy and pollution-reduction projects. By lowering barriers of entry, accelerating the equitable adoption of clean energy across the state, and contributing to the achievement of Colorado's climate goals, the fund plays a crucial role in promoting sustainable practices and environmental stewardship. Through providing financing for clean energy projects, the Colorado Clean Energy Fund is actively contributing to a cleaner and healthier future for Colorado.




This information is meant to be a general summary of Colorado Clean 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
$3,723,635 (2022)
Expenses
$1,175,095 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $297,576
  • Program Service Revenue: $93,059
  • Gross Receipts: $3,723,635

Assets and Liabilities:

  • Total Assets: $28,367,649
  • Total Liabilities: $26,611
  • Net Assets: $28,341,038

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

Loan Interest

Revenue

$60,154

Loan Origination Fees

Revenue

$28,405

RENU Program fee

Revenue

$4,500

Organization Details

Founding Year

2018

Principal Officer

Paul Scharfenberger

Main Address

PO Box 1304, Ridgway, CO, 81432

NTEE Category

Code: C35 - Environment

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