Overview
What is Heat Oregon?
Heat Oregon, operating under the name Oregon Energy Fund, is a nonprofit organization based in Portland, Oregon. Its primary mission is to offer financial aid to households in crisis, specifically assisting them with energy bill payments to promote household stability. The organization works in partnership with local community and social service organizations to extend its reach. Funds raised by Oregon Energy Fund are used to make direct utility or vendor payments on behalf of low-income customers. In the recent period, the nonprofit aided approximately 1,356 households, serving 3,482 individuals, including 1,272 children, 1,737 adults, and 473 seniors. Among these individuals, 445 were disabled. The organization follows a fiscal policy where funds are collected in one fiscal year and released for use in the subsequent fiscal year, a practice known as "second year funding." The policy has mainly been applied to the spending of restricted funds dedicated to energy assistance.
Official website here: www.oregonenergyfund.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Star Rating
Heat Oregon has achieved a remarkable Four-Star rating from Charity Navigator, reflecting exemplary performance in multiple assessment categories. The overall score is notably high in Accountability & Finance, Culture & Community, and Leadership & Adaptability, each receiving a perfect score of 100%. This indicates strong financial management and a commitment to transparency and integrity, crucial for maintaining donor trust.
The organization boasts a fully independent board comprised of 16 members, which enhances its governance practices. Heat Oregon demonstrates effective use of resources, with a program expense ratio of 78.78%, showing that a significant portion of funds directly supports its mission. Additionally, its fundraising efficiency is commendably low at $0.11 per dollar raised, indicating wise management of fundraising expenditures.
While the organization scores well in all assessed areas, it is important to note that the Leadership & Adaptability category received a score of 10%. This raises questions about how the organization adapts and leads in changing conditions. Nonetheless, the high marks in accountability, financial oversight, and community engagement suggest that Heat Oregon is a trustworthy and impactful nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Heat Oregon legitimate?
Heat Oregon is a legitimate nonprofit organization registered as a 501(c)(3) entity. Heat Oregon 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: $178,307
Professional Fundraising Fees: $0
Other Salaries and Wages: $177,058
For more financial information, click here
Official website here: www.oregonenergyfund.org/
What is the mission statement of Heat Oregon?
Heat Oregon, as an organization, is committed to helping neighbors in financial crisis manage their energy bills to maintain household stability. They accomplish this by collaborating with local community and social service organizations to provide energy assistance to eligible households. By making direct payments to utilities or vendors on behalf of low-income customers, they help alleviate their financial burden. In the 20XX fiscal year, Heat Oregon assisted approximately 1,356 households, benefiting 3,482 individuals, including 1,272 children, 1,737 adults, and 473 seniors. Among these individuals, 445 were disabled. Heat Oregon's funding policy allows for the collection of funds in one fiscal year and their release for use in the following fiscal year, a strategy known as "second year funding." This policy has primarily been applied to the spending of restricted funds earmarked for energy assistance. Consequently, while it may seem that Heat Oregon is spending more than it raises, the truth is that all program expenses are utilizing funds raised in preceding years.
Official website here: www.oregonenergyfund.org/
Who is the CEO of Heat Oregon?
Victoria Bryson is the President of Heat Oregon.
Official website here: www.oregonenergyfund.org/
What is the revenue of Heat Oregon?
Heat Oregon's revenue in 2022 was $1,655,425.
Official website here: www.oregonenergyfund.org/
Who are the executives of Heat Oregon and what are their salaries?
The average compensation at Heat Oregon during 2022 was $71,073. There are 5 employees and 20 volunteers at Heat Oregon.
Here are 18 key members and their salaries:
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- Compensation: $174,532
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- Other: $9,590
- Compensation: $106,236
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- Other: $14,046
Official website here: www.oregonenergyfund.org/
Where can I find the form 990 for Heat Oregon?
Heat Oregon's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oregonenergyfund.org/
Learn more at the official website: www.oregonenergyfund.org/
Mission Statement of Heat Oregon
Heat Oregon, as a nonprofit organization, is dedicated to assisting neighbors in financial crises by addressing their energy bill concerns. This mission aims to support household stability, recognizing the crucial role of energy provision in maintaining a livable home environment. Heat Oregon partners with local community and social service organizations to deliver energy assistance to qualifying households. Through these collaborations, the organization raises funds to make direct payments to utilities or vendors on behalf of low-income customers. In the past year, Heat Oregon has assisted approximately 1,356 households, benefiting 3,482 individuals, including 1,272 children, 1,737 adults, 473 seniors, and 445 disabled individuals. The organization's spending policies involve collecting funds in one fiscal year and releasing them for use in the following fiscal year, a strategy known as "second year funding." This practice ensures that the organization uses funds raised in prior years to cover program expenses, even if it may appear that Heat Oregon is spending more than it raises in a given year.
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Impact
July, 2024
Heat Oregon's impact can be seen in its efforts to assist neighbors in financial crisis with their energy bills, ultimately supporting household stability. In partnership with local community and social service organizations, Heat Oregon, also known as the Oregon Energy Fund, has provided energy assistance to qualifying households. In a recent period, Heat Oregon helped approximately 1,356 households and 3,482 individuals, including 1,272 children, 1,737 adults, and 473 seniors. Notably, 445 of these individuals were disabled. By raising funds to make direct payments to utilities or vendors on behalf of low-income customers, Heat Oregon plays a crucial role in ensuring that vulnerable individuals and families have access to essential energy services.
This information is meant to be a general summary of Heat Oregon. 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: $29,288
- Gross Receipts: $1,680,979
Assets and Liabilities:
- Total Assets: $2,927,868
- Total Liabilities: $58,062
- Net Assets: $2,869,806
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Organization Details
Founding Year
1989
Phone
(971) 386-2124Principal Officer
Victoria Bryson
Main Address
1020 SW TAYLOR STREET 620, PORTLAND, OR, 97205
Website
www.oregonenergyfund.org/NTEE Category
Code: L820 - Housing
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