Overview
What is Affordable Energy Corporation?
Affordable Energy Corporation, established in 1992, is a 501C(3) nonprofit organization based in Louisville, Kentucky. The primary mission of this nonprofit is to provide financial aid to low-income households struggling with high utility bills. Operating under the umbrella of ASAP: The All Seasons Assurance Plan, the corporation offers a monthly benefit to ease the financial burden of energy costs. By reducing utility disconnects, lowering arrearages, and minimizing uncollectible accounts, the Affordable Energy Corporation aims to make energy bills more affordable for these families and individuals. The ultimate goal is to improve household stability within the LG&E service territory.
Official website here: www.asapky.org
Is Affordable Energy Corporation legitimate?
Affordable Energy Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Affordable Energy Corporation 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
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Official website here: www.asapky.org
What is the mission statement of Affordable Energy Corporation?
The Affordable Energy Corporation, a non-profit organization established in 1992, is committed to facilitating affordable gas and electric services for low-income families and individuals within the LG&E service territory. This initiative aims to improve household stability by alleviating the financial burden of high energy costs. The corporation operates under the All Seasons Assurance Plan, a scheme that provides a monthly benefit to eligible households. By reducing utility disconnections, mitigating arrears and uncollectible accounts, and encouraging energy conservation, the Affordable Energy Corporation strives to make energy bills more manageable, thereby stabilizing households financially.
Official website here: www.asapky.org
Who is the CEO of Affordable Energy Corporation?
Mary Bryan is the Chair of Affordable Energy Corporation.
Official website here: www.asapky.org
What is the revenue of Affordable Energy Corporation?
Affordable Energy Corporation's revenue in 2022 was $1,337.
Official website here: www.asapky.org
Who are the executives of Affordable Energy Corporation and what are their salaries?
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.asapky.org
Where can I find the form 990 for Affordable Energy Corporation?
Affordable Energy Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asapky.org
Learn more at the official website: www.asapky.org
Mission Statement of Affordable Energy Corporation
Affordable Energy Corporation, a 501C(3) organization established in 1992, is committed to facilitating affordable gas and electric services for low-income families and individuals within its service territory. The primary objective of this non-profit entity is to improve household stability by alleviating the financial burden associated with high energy costs. To achieve this goal, Affordable Energy Corporation operates the All Seasons Assurance Plan (ASAP), a board-governed program that provides a monthly benefit to eligible households. This benefit helps reduce utility disconnections, brown bills, and arrearages, thereby making energy bills more manageable and encouraging energy conservation. By providing financial assistance and promoting energy efficiency, Affordable Energy Corporation strives to stabilize households and enhance the quality of life for its beneficiaries.
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Impact
October, 2024
Affordable Energy Corporation significantly impacts low-income families and individuals within the LG&E service territory by facilitating access to affordable energy services. Founded in 1992, the organization provides crucial financial assistance to households grappling with high utility bills, thereby enhancing household stability.
One of the core initiatives of Affordable Energy Corporation is the All Seasons Assurance Plan (ASAP), which offers monthly benefits to eligible participants. This support helps to alleviate the financial strain caused by soaring energy costs, reducing the frequency of utility disconnections and the incidence of overdue bills. By addressing these challenges, the organization not only aids in stabilizing individual households but also contributes to broader community well-being.
Additionally, Affordable Energy Corporation plays a vital role in promoting energy conservation, encouraging responsible resource use among beneficiaries. Through these efforts, it works to lower overall arrearages and uncollectible accounts, ensuring that essential energy services remain accessible to those who need them most. Overall, the organization fosters a more stable and resilient community by improving the affordability of gas and electric services for vulnerable populations.
This information is meant to be a general summary of Affordable Energy Corporation. 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.
- Gross Receipts: $1,337
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1992
Phone
(502) 893-7842Principal Officer
Mary Bryan
Main Address
150 SOUTH STATE STREET, LOUISVILLE, KY, 40206
Website
www.asapky.orgNTEE Category
Code: S41Z - Community improvement
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