Philadelphia Green Capital Corp

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

EIN: 862714334 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Philadelphia Green Capital Corp?

Philadelphia Green Capital Corp is a nonprofit organization that serves Philadelphia, aiming to establish a thriving, fair market for clean energy. They collaborate with various financial entities, including public, private, and philanthropic ones, to accomplish this goal. The organization closely aligns with the Philadelphia Energy Authority and addresses the city's climate change issues. In September 2021, Philadelphia Green Capital Corp introduced two innovative financing schemes for improving energy efficiency and solar energy in multifamily and nonprofit buildings. Furthermore, they initiated a solar renewable energy credit donation program. The corporation's primary objective is to foster a sustainable and inclusive clean energy environment in Philadelphia.


Official website here: www.phillygreencapital.org

Is Philadelphia Green Capital Corp legitimate?

Philadelphia Green Capital Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Philadelphia Green Capital Corp 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: $146,676
Professional Fundraising Fees: $0
Other Salaries and Wages: $91,359

For more financial information, click here


Official website here: www.phillygreencapital.org

What is the mission statement of Philadelphia Green Capital Corp?

Philadelphia Green Capital Corporation's mission is to facilitate access to capital for clean energy projects, drawing from both public, private, and philanthropic resources. This mission is driven by the aim to foster a thriving, equitable market for clean energy. The corporation supports the Philadelphia Energy Authority and addresses local challenges related to climate change. In September 2021, Philadelphia Green Capital Corporation introduced two new financing options for energy efficiency and solar energy in multifamily and nonprofit properties. Furthermore, they initiated a solar renewable energy credit donation program.


Official website here: www.phillygreencapital.org

Who is the CEO of Philadelphia Green Capital Corp?

Maryrose Myrtetus is the President of Philadelphia Green Capital Corp.


Official website here: www.phillygreencapital.org

What is the revenue of Philadelphia Green Capital Corp?

Philadelphia Green Capital Corp's revenue in 2022 was $376,208.


Official website here: www.phillygreencapital.org

Who are the executives of Philadelphia Green Capital Corp and what are their salaries?

The average compensation at Philadelphia Green Capital Corp during 2022 was $119,018. There are 2 employees at Philadelphia Green Capital Corp.


Here are 8 key members and their salaries:


Emily Schapira (President)
  • Compensation: $0
  • Related: $156,892
  • Other: $0
Maryrose Myrtetus (Executive Director)
  • Compensation: $114,502
  • Related: $0
  • Other: $0
Matt Stitt (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Kopistansky (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Cohen (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Maxine Dixon (Assistant Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Henry (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Andy Rachlin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.phillygreencapital.org

Where can I find the form 990 for Philadelphia Green Capital Corp?

Philadelphia Green Capital Corp's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.phillygreencapital.org

Learn more at the official website: www.phillygreencapital.org

Mission Statement of Philadelphia Green Capital Corp

Philadelphia Green Capital Corp, in its mission, serves to bridge the gap between projects requiring capital and the necessary resources, drawing from public, private, and philanthropic funds. This nonprofit organization is dedicated to fostering a thriving, equitable market for clean energy in Philadelphia, addressing the local challenges posed by climate change. In September 2021, Philadelphia Green Capital Corp introduced two new financing options for energy efficiency and solar energy projects in multifamily and nonprofit properties. Furthermore, the organization initiated a solar renewable energy credit donation program. This multifaceted approach aims to bolster the use of clean energy, ultimately contributing to a more sustainable future.

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Impact




October, 2024

Philadelphia Green Capital Corp plays a crucial role in fostering a robust and equitable clean energy market in the city. By connecting various projects to capital from public, private, and philanthropic sources, it drives the development of sustainable energy solutions that address local challenges related to climate change.

The organization supports the Philadelphia Energy Authority and has made significant strides in recent years, notably launching two innovative financing products in September 2021 tailored for energy efficiency and solar energy specifically aimed at multifamily and nonprofit properties. These initiatives not only enhance energy accessibility but also promote environmental sustainability within the community.

Moreover, the introduction of a solar renewable energy credit donation program further amplifies its mission, encouraging community participation and investment in clean energy solutions. The overall impact of Philadelphia Green Capital Corp is evident in its dedication to creating a cleaner, more equitable future for Philadelphia, making strides in community improvement and environmental resilience.




This information is meant to be a general summary of Philadelphia Green Capital Corp. 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
$376,208 (2022)
Expenses
$427,800 (2022)
Efficiency

Other financial information:

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

  • Gross Receipts: $376,208

Assets and Liabilities:

  • Total Assets: $1,022,914
  • Total Liabilities: $117,735
  • Net Assets: $905,179

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Organization Details

Founding Year

2021

Principal Officer

Maryrose Myrtetus

Main Address

1400 JFK BLVD APT 566, PHILADELPHIA, PA, 19107

NTEE Category

Code: S40 - Community improvement

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