Factor E Ventures Ltd
- Assets
- $3.2m
- Revenue
- -$964.4k
- Investments
- $2.4m
- Employees
- 0
- Location
- Fort Collins, CO
- Founding
- 03/2005
- Data as of
- 12/2021
- EIN
- 20-0334006
Organization Overview
Factor E Ventures Ltd is located in Fort Collins, CO. The organization was established in 2005. According to its NTEE Classification (C20) the organization is classified as: Pollution Abatement & Control, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Factor E Ventures Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
(SEE STATEMENT 8)FACTOR(E)'S EXEMPT PURPOSE IS THE DEVELOPMENT AND DISSEMINATION OF TECHNOLOGIES THAT REDUCE POLLUTION OR ENHANCE ENERGY EFFICIENCY IN DEVELOPING AREAS, THEREBY ENHANCING THE ENVIRONMENT AND PUBLIC HEALTH, FOSTERING ECONOMIC GROWTH AND ALLEVIATING POVERTY. IN 2021, WE EVALUATED SEVERAL TECHNOLOGIES THAT COULD ENHANCE THE ENERGY SERVICES AVAILABLE AT THE BASE OF THE PYRAMID; THAT WORK WAS SHARED WITH THE PHILANTHROPIC COMMUNITY THROUGH MULTIPLE CHANNELS AND HAS SERVED TO GUIDE FACTOR(E)'S STRATEGY FOR SUPPORTING TECHNOLOGIES MOVING FORWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Hudnut Director | 1 | $0 | |
Bryan Willson Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $141,482 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,406 |
| Capital Gain Net Income | $3,406 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,109,248 |
| Total Revenue | -$964,360 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,434 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $9,014 |
| Contributions, gifts, grants paid | $80,587 |
| Total expenses and disbursements | $89,601 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,704 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $676,833 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,176,253 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $695,086 |
| Total liabilities | $695,086 |
Grants Awarded
Over the last fiscal year, Factor E Ventures Ltd has awarded $45,587 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
CSU SOIL CARBON SOLUTIONS CENTER PURPOSE: GENERAL SUPPORT | $15,587 |
Fort Collins, CO PURPOSE: GENERAL SUPPORT | $15,000 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $15,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Factor E Ventures Ltd has recieved totaling $4,674,214.
| Awarding Organization | Amount |
|---|---|
Shell Foundation PURPOSE: General support | | $2,700,000 |
Rockefeller Foundation New York, NY PURPOSE: IN SUPPORT OF THE IDEAS (INVESTING IN ENERGY ACCESS SOLUTIONS) PROGRAM TO ACCELERATE WORK IN LOW- TO MIDDLE-INCOME COUNTRIES THAT WILL TRANSFORM THE ENERGY SECTOR, REDUCE ENERGY POVERTY, AND FIGHT CLIMATE CHANGE | $1,974,214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Regional Air Quality Council Denver, CO | $3,401,147 | $6,885,709 |
Blue Hills Environmental Association Eagar, AZ | $2,022,492 | $3,802,818 |
Protect Our Winters Boulder, CO | $5,372,282 | $4,626,913 |
Utah Clean Air Partnership Ucair Inc Salt Lake City, UT | $1,064,362 | $1,162,029 |
Omaha Healthy Kids Alliance Omaha, NE | $752,788 | $1,253,022 |
Asbestos Workers Local No 76 Albuquerque, NM | $752,846 | $1,104,448 |
International Association Of Heat & Frost Insulators & Allied Workers Omaha, NE | $1,641,611 | $798,347 |
International Association Of Heat & Frost Insulators & Allied Phoenix, AZ | $723,225 | $829,499 |
International Association Of Heat & Frost Insulators & Allied Workers Oklahoma City, OK | $1,809,240 | $724,027 |
International Association Of Heat & Frost Insulators & Allied Workers Salt Lake City, UT | $804,251 | $489,592 |
Central States Air Resource Agencies Association Oklahoma City, OK | $21,591 | $394,876 |
Az Water Association Chandler, AZ | $1,194,823 | $271,610 |