Overview
What is Energy Cents Coalition?
The Energy Cents Coalition is a nonprofit organization situated in St. Paul, Minnesota. With a mission to promote affordable energy services, they primarily cater to low and fixed-income residents in the state. Their main activities involve offering energy conservation services through Xcel Energy, providing energy audits, weatherization, and appliance replacements, such as refrigerators, window air-conditioners, freezers, furnaces, and water heaters, to eligible homeowners and renters living in one-to-four-unit dwellings. The organization aims to help these residents reduce their energy consumption and lower their utility bills. With a team of 11 employees, the Energy Cents Coalition is dedicated to making energy services more accessible and affordable for the residents of Minnesota.
Official website here: www.energycents.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Energy Cents Coalition has received a Four-Star rating from Charity Navigator, reflecting its high level of accountability and financial management. The organization excels in various criteria, including having a fully independent board and a strong program expense ratio, indicating that a significant portion of its resources directly supports its mission.
The Coalition has demonstrated robust financial oversight, with no material diversion of assets and a clear commitment to transparency, as evidenced by their detailed policies on conflict of interest and document retention. Its low liabilities to assets ratio suggests a solid financial position, which is reassuring for current and potential donors.
However, while the organization shows exemplary management and accountability, ongoing assessments and feedback from program beneficiaries could provide more insight into its impact on the community. Overall, the Energy Cents Coalition stands out as a reliable nonprofit dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is Energy Cents Coalition legitimate?
Energy Cents Coalition is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy Cents Coalition 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: $84,615
Professional Fundraising Fees: $0
Other Salaries and Wages: $550,242
For more financial information, click here
Official website here: www.energycents.org
What is the mission statement of Energy Cents Coalition?
The Energy Cents Coalition's mission is centered around promoting affordable energy services for low-income and fixed-income residents. In pursuit of this goal, the organization provides various services, such as energy audits, weatherization, and appliance replacement, including refrigerators, window air-conditioners, freezers, furnaces, and water heaters. These services are offered through the Conservation Improvement Program (CIP) in collaboration with Xcel Energy, and are available to eligible homeowners and renters residing in one-to-four-unit dwellings. The aim is to make energy services more affordable and accessible, ultimately benefiting these residents in Minnesota.
Official website here: www.energycents.org
Who is the CEO of Energy Cents Coalition?
Pam Marshall is the Executive Director of Energy Cents Coalition.
Official website here: www.energycents.org
What is the revenue of Energy Cents Coalition?
Energy Cents Coalition's revenue in 2022 was $3,759,134.
Official website here: www.energycents.org
Who are the executives of Energy Cents Coalition and what are their salaries?
The average compensation at Energy Cents Coalition during 2022 was $57,714. There are 11 employees and 11 volunteers at Energy Cents Coalition.
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- Compensation: $84,615
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- Other: $4,172
Official website here: www.energycents.org
Where can I find the form 990 for Energy Cents Coalition?
Energy Cents Coalition's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energycents.org
Learn more at the official website: www.energycents.org
Mission Statement of Energy Cents Coalition
Energy Cents Coalition, a not-for-profit organization, is dedicated to promoting affordable energy services for low-income and fixed-income residents in Minnesota. Their mission is crystal clear: to provide these residents with essential energy services. The organization achieves this through various initiatives, such as the Conservation Improvement Program (CIP) in collaboration with Xcel Energy. This program offers a range of services to eligible homeowners and renters living in one-to-four-unit dwellings. These services include energy audits, weatherization, and appliance replacement, covering items like refrigerators, window air-conditioners, freezers, furnaces, and water heaters. By implementing these measures, Energy Cents Coalition aims to improve energy efficiency, thereby reducing energy costs for the targeted population, ultimately enabling them to lead more comfortable and affordable lives.
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Impact
July, 2024
The Energy Cents Coalition's impact is significant in promoting affordable energy services for low and fixed-income residents in Minnesota. Through their Conservation Improvement Program (CIP) in partnership with Xcel Energy, they provide natural gas conservation and electric energy efficiency services to eligible homeowners and renters in one-to-four-unit dwellings. These services include energy audits, weatherization, and appliance replacement such as refrigerators, window air-conditioners, freezers, furnaces, and water heaters. By offering these essential services, the Energy Cents Coalition plays a crucial role in helping vulnerable communities access energy-efficient solutions to reduce costs and environmental impact.
This information is meant to be a general summary of Energy Cents Coalition. 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: $1,668
- Program Service Revenue: $3,756,186
- Gross Receipts: $3,759,134
Assets and Liabilities:
- Total Assets: $1,641,147
- Total Liabilities: $395,909
- Net Assets: $1,245,238
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTED PROGRAM SER
Revenue
$3,756,186
Organization Details
Founding Year
1994
Phone
(651) 774-9010Principal Officer
Pam Marshall
Main Address
823 EAST 7TH STREET, ST PAUL, MN, 55106
Website
www.energycents.orgNTEE Category
Code: S20 - Community improvement
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