Overview
What is Energy Trust Of Oregon Inc?
Energy Trust of Oregon Inc is a Portland, Oregon-based nonprofit organization dedicated to offering energy savings opportunities to residential, commercial, and industrial customers in Oregon and certain parts of southwest Washington. In 2022, they successfully completed 46.8 AMw of electricity and 5.9 million annual thermal units of natural gas savings projects. Their mission encompasses comprehensive, sustainable energy efficiency, conservation, and renewable energy solutions for their clients. The Energy Trust's primary focus is to help reduce energy waste and promote the adoption of cleaner energy sources. The organization had 139 employees in 2022.
Official website here: www.energytrust.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 100% - Four-Star out of Four Star rating
Energy Trust of Oregon Inc has achieved a perfect score of 100% on Charity Navigator, indicating exceptional accountability and financial management. The organization's commitment to transparency is evidenced by its fully independent board, comprehensive financial oversight, and clear policies regarding conflict of interest and whistleblowing.
The nonprofit demonstrates strong financial health with a program expense ratio of 94.80%, showing that a significant portion of its funds is dedicated to its mission-driven programs. Additionally, the organization maintains a low liabilities to assets ratio of 26.72%, which reflects its sound financial practices and operational stability.
Overall, Energy Trust of Oregon Inc stands out for its organizational strengths and robust governance structures. However, as with any organization, ongoing evaluation and transparency will remain crucial to maintain and enhance its reputation and effectiveness in serving the community.
This AI summary has been generated from information found on Charity Navigator.
Is Energy Trust Of Oregon Inc legitimate?
Energy Trust Of Oregon Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy Trust Of Oregon 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:
Executive Compensation: $522,896
Professional Fundraising Fees: $0
Other Salaries and Wages: $12,993,219
For more financial information, click here
Official website here: www.energytrust.org
What is the mission statement of Energy Trust Of Oregon Inc?
Energy Trust of Oregon offers comprehensive, sustainable energy efficiency, conservation, and renewable energy solutions to those it serves. The organization's mission is to help residential, commercial, and industrial customers in Oregon and certain parts of southwest Washington save energy through various efficiency programs. In the year 2022, these initiatives resulted in the savings of 46.8 AMw of electricity and 5.9 million annual therms of natural gas. Energy Trust of Oregon is dedicated to providing energy-saving opportunities and promoting a more efficient and renewable energy future for its customers.
Official website here: www.energytrust.org
Who is the CEO of Energy Trust Of Oregon Inc?
Michael Colgrove is the President of Energy Trust Of Oregon Inc.
Official website here: www.energytrust.org
What is the revenue of Energy Trust Of Oregon Inc?
Energy Trust Of Oregon Inc's revenue in 2022 was $207,176,744.
Official website here: www.energytrust.org
Who are the executives of Energy Trust Of Oregon Inc and what are their salaries?
The average compensation at Energy Trust Of Oregon Inc during 2022 was $97,238. There are 139 employees and 53 volunteers at Energy Trust Of Oregon Inc.
Here are 22 key members and their salaries:
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- Compensation: $195,558
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- Other: $33,704
Official website here: www.energytrust.org
Where can I find the form 990 for Energy Trust Of Oregon Inc?
Energy Trust Of Oregon Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energytrust.org
Learn more at the official website: www.energytrust.org
Mission Statement of Energy Trust Of Oregon Inc
Energy Trust of Oregon, a leading organization, is dedicated to delivering comprehensive and sustainable energy efficiency, conservation, and renewable energy solutions to its clientele. By providing these services, the nonprofit aims to help its community members reduce their energy consumption and minimize their carbon footprint.
In 2022 alone, the energy efficiency projects undertaken by Energy Trust of Oregon yielded significant savings. These projects managed to save an impressive 46.8 average megawatt-hours (AMW) of electricity. The gas efficiency projects completed during the same year saved a remarkable 5.9 million annual thermal units of natural gas. By implementing these projects, the nonprofit contributed to a more energy-efficient future for its residents and businesses.
Energy Trust of Oregon's commitment to sustainability extends to various customer segments, including residential, commercial, and industrial customers throughout Oregon and parts of southwest Washington State. The nonprofit's mission is to bring energy-saving opportunities to as many people as possible, enabling them to reduce their energy consumption and lower their environmental impact. With its focus on comprehensive and sustainable solutions, Energy Trust of Oregon is helping to create a cleaner and more energy-efficient future for all.
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Impact
October, 2024
Energy Trust of Oregon Inc significantly contributes to energy sustainability and efficiency across Oregon and parts of southwest Washington. Through its comprehensive programs, it provides essential energy-saving opportunities to residential, commercial, and industrial customers. In 2022 alone, projects focused on electric efficiency resulted in savings of 46.8 average megawatts of electricity, while gas efficiency initiatives saved 5.9 million annual therms of natural gas.
These efforts directly support both environmental conservation and cost savings for consumers, enhancing overall energy resilience in the region. By promoting sustainable energy practices, Energy Trust not only helps reduce energy consumption but also fosters a culture of conservation that benefits the environment and community.
This information is meant to be a general summary of Energy Trust Of Oregon 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: $420,113
- Gross Receipts: $207,176,744
Assets and Liabilities:
- Total Assets: $121,881,969
- Total Liabilities: $32,571,780
- Net Assets: $89,310,189
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Organization Details
Founding Year
2002
Phone
(503) 493-8888Principal Officer
Michael Colgrove
Main Address
421 SW OAK STREET 300, PORTLAND, OR, 97204
Website
www.energytrust.orgNTEE Category
Code: C350 - Environment
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