Overview
What is Solar Toledo Neighborhood Foundation?
The Solar Toledo Neighborhood Foundation is a charitable organization situated in Toledo, Ohio, with an address at 300 Madison Avenue Suite 1300. As a supporting entity of the Toledo Community Foundation, Inc., its primary mission is to reinvest the profits generated from a solar energy project into the local community. This project involves a nearly 3-megawatt solar array, supplying clean energy to a nearby industrial facility and generating revenue for the foundation. The funds are then used to provide grants for initiatives such as workforce development, educational programs, and blight reduction, benefiting the surrounding areas. The foundation serves as a means to uphold the mission of the Toledo Community Foundation, Inc. in supporting the people of Northwest Ohio and Southeast Michigan.
Official website here: www.toledocf.org
Is Solar Toledo Neighborhood Foundation legitimate?
Solar Toledo Neighborhood Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Solar Toledo Neighborhood Foundation 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.toledocf.org
What is the mission statement of Solar Toledo Neighborhood Foundation?
The Solar Toledo Neighborhood Foundation, serving as a supporting organization to the Toledo Community Foundation, Inc., carries out an exempt purpose by aiding in the achievement of the latter's mission to benefit the people of Northwest Ohio and Southeast Michigan. The foundation's primary mission is to utilize the proceeds from a solar installation project to contribute to local workforce development, educational programs, and blight reduction initiatives through grant distributions. A significant 3-MW solar array generates clean, renewable electricity for a large-scale assembly operation, thereby generating revenue for the foundation to reinvest in the surrounding areas by funding local nonprofits and grants.
Official website here: www.toledocf.org
Who is the CEO of Solar Toledo Neighborhood Foundation?
Keith Burwell is the Chair of Solar Toledo Neighborhood Foundation.
Official website here: www.toledocf.org
What is the revenue of Solar Toledo Neighborhood Foundation?
Solar Toledo Neighborhood Foundation's revenue in 2022 was $437,600.
Official website here: www.toledocf.org
Who are the executives of Solar Toledo Neighborhood Foundation and what are their salaries?
There 4 volunteers at Solar Toledo Neighborhood Foundation.
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $269,786
- Other: $57,664
- Compensation: $0
- Related: $173,308
- Other: $42,195
Official website here: www.toledocf.org
Where can I find the form 990 for Solar Toledo Neighborhood Foundation?
Solar Toledo Neighborhood Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.toledocf.org
Learn more at the official website: www.toledocf.org
Mission Statement of Solar Toledo Neighborhood Foundation
The Solar Toledo Neighborhood Foundation, as a supporting organization of the Toledo Community Foundation, Inc., has a mission to advance the cause of the Toledo Community Foundation, Inc. in serving the people of Northwest Ohio and Southeast Michigan. This is achieved by providing distributions exclusively to the Toledo Community Foundation, Inc. Beyond this, the Solar Toledo Neighborhood Foundation has a specific mission of its own, which involves utilizing the proceeds from a solar installation project. This project, involving a 3-MW solar array, produces clean, renewable electricity for a large-scale assembly operation. The revenue generated from the sale of this electricity is then reinvested into the surrounding community. This reinvestment takes the form of grants, which are allocated to support local workforce development, educational programs, and blight reduction efforts. These initiatives aim to uplift the community and improve its overall well-being, making the Solar Toledo Neighborhood Foundation a significant contributor to the local landscape.
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Impact
October, 2024
The Solar Toledo Neighborhood Foundation significantly impacts the Toledo community and surrounding areas through a multi-faceted approach centered on sustainability and community support. At its core, it operates a nearly 3-megawatt solar array that not only generates clean, renewable electricity but also produces revenue that is reinvested back into the local community.
This revenue is directed towards critical initiatives such as workforce development, educational programs, and blight reduction efforts, thereby fostering economic growth and improving quality of life. By prioritizing investments in local education and job training, the foundation helps equip residents with skills that enhance employability and strengthen the workforce. Additionally, its focus on blight reduction addresses urban decay, contributing to safer, more vibrant neighborhoods.
The foundation's commitment to reinvesting in the community exemplifies a sustainable model that aligns environmental initiatives with social improvement, creating a positive, long-term impact on the lives of those in Northwest Ohio and Southeast Michigan.
This information is meant to be a general summary of Solar Toledo Neighborhood Foundation. 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: $563
- Program Service Revenue: $270,370
- Gross Receipts: $437,600
Assets and Liabilities:
- Total Assets: $4,858,465
- Total Liabilities: $739,473
- Net Assets: $4,118,992
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SOLAR ENERGY INITIATIV
Revenue
$270,370
Organization Details
Founding Year
2018
Phone
(419) 241-5049Principal Officer
Keith Burwell
Main Address
300 MADISON AVENUE SUITE 1300, TOLEDO, OH, 43604
Website
www.toledocf.orgNTEE Category
Code: B12 - Education
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