Overview
What is Smart Energy Solutions Inc?
Smart Energy Solutions Inc is a corporation established for a singular purpose: to manage property and generate income. This income, after deducting expenses, is then transferred to a non-profit organization that is exempt under section 501(a) of the Internal Revenue Code. The corporation's role is essentially to act as a financial intermediary, channeling resources to a qualifying non-profit organization. Its mission is aligned with supporting the mission and objectives of its non-profit affiliate.
Is Smart Energy Solutions Inc legitimate?
Smart Energy Solutions Inc is a legitimate nonprofit organization registered as a 501(c)(2) entity. Smart Energy Solutions 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Smart Energy Solutions Inc?
Smart Energy Solutions Inc is established with the primary objective of managing property and generating income from it. The corporation then transfers the net earnings, after deducting expenses, to a non-profit organization that is tax-exempt under section 501(a) of the Internal Revenue Code. In essence, Smart Energy Solutions Inc serves as a financial intermediary, channeling its income to a tax-exempt entity to support its charitable activities.
Who is the CEO of Smart Energy Solutions Inc?
Steve Luxton is the President of Smart Energy Solutions Inc.
What is the revenue of Smart Energy Solutions Inc?
Smart Energy Solutions Inc's revenue in 2022 was $240,642.
Who are the executives of Smart Energy Solutions Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990 for Smart Energy Solutions Inc?
Smart Energy Solutions Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Smart Energy Solutions Inc
Smart Energy Solutions Inc, as outlined in its mission statement, is established with a singular purpose. This corporation is organized to hold title to property and collect income derived from it. The primary objective is to transfer the total income, after accounting for expenses, to a not-for-profit organization that holds tax-exempt status under section 501(a) of the Internal Revenue Code. In essence, Smart Energy Solutions Inc serves as a financial intermediary, channeling resources to a non-profit entity for its charitable endeavors.
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Impact
October, 2024
Smart Energy Solutions Inc plays a pivotal role in fostering community improvement through its strategic focus on property management and income generation. By holding title to properties and effectively managing these assets, the organization maximizes financial returns that can be directed toward supporting initiatives aligned with its mission. The net proceeds collected are reinvested into its not-for-profit affiliate, ensuring that resources are utilized to further community development efforts.
Located in Philadelphia, PA, Smart Energy Solutions Inc aims to enhance the local economy and support various community-driven projects. Its approach not only contributes to financial sustainability but also stimulates local engagement and initiatives that promote a healthier, more vibrant community. Through its commitment to strategic asset management, the organization creates a ripple effect, leading to positive transformations within the community it serves.
This information is meant to be a general summary of Smart Energy Solutions 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: $642
- Gross Receipts: $240,642
Assets and Liabilities:
- Total Assets: $1,552,686
- Total Liabilities: $40,000
- Net Assets: $1,512,686
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Organization Details
Founding Year
2004
Phone
(215) 609-1022Principal Officer
Steve Luxton
Main Address
106 WEST CLEARFIELD STREET, PHILADELPHIA, PA, 19133
NTEE Category
Code: S47 - Community improvement
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