Pp&l Sustainable Energy Fund Inc
- Assets
- $24.8m
- Revenue
- $2.1m
- Investments
- $41.7k
- Employees
- 12
- Location
- Schnecksville, PA
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 23-3045491
Organization Overview
Pp&l Sustainable Energy Fund Inc is located in Schnecksville, PA. The organization was established in 2001. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Pp&l Sustainable Energy Fund Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pp&l Sustainable Energy Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pp&l Sustainable Energy Fund Inc generated $2.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 8.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, RESEARCH AND INVEST IN CLEAN & RENEWABLE ENERGY TECHNOLOGIES, ENERGY CONSERVATION, ENERGY EFFICIENCY & SUSTAINABLE ENERGY ENTERPRISES THAT PROVIDE OPPORTUNITIES & BENEFITS FOR PP&L RATEPAYERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM RELATED INVESTMENTS - SUSTAINABLE ENERGY FUND HAS ESTABLISHED VARIOUS FUNDING PROGRAMS TO SUPPORT BUSINESSES INVESTING IN ENERGY EFFICIENCY AND RENEWABLE PROJECTS.
THE SUSTAINABLE ENERGY CONFERENCE IS AN EDUCATION INITIATIVE THAT PROMOTES THE ADOPTION AND INTEGRATION OF RENEWABLE ENERGY CONCEPTS AND TECHNOLOGIES INTO THE CURRICULUM OF COLLEGES AND UNIVERSITIES THROUGHOUT PENNSYLVANIA, AS WELL AS EDUCATION ON VARIOUS TOPICS TAUGHT BY INDUSTRY, POLICY, AND EDUCATION EXPERTS. THE CONFERENCE TARGET MARKET INCLUDES HIGH SCHOOL, MIDDLE SCHOOL AND COLLEGE STUDENTS, DISLOCATED WORKERS, HIGH SCHOOL AND COLLEGE EDUCATORS, AND PRACTITIONERS.
THE ENERGY SERVICE PROVIDER (ESP) NETWORK GIVES SMALL ENERGY SERVICE PROVIDERS A VENUE FOR LEARNING ABOUT FUNDING SOURCES, SOCIAL MARKETING OPPORTUNITIES, AND OTHER TOPICS WHICH WILL ENABLE THE ESP COMPANY TO GROW WITH THE SEF MISSION OF RENEWABLE ENERGY AND ENERGY EFFICIENCY.
MISCELLANEOUS PROGRAMS TO SUPPORT ENERGY USERS, EDUCATORS, CONSUMERS, AND REGULATORS IN BREAKING DOWN FINANCIAL AND EDUCATIONAL BARRIERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Costlow President | Officer | 40 | $152,131 |
Larry Eighmy Secretary/treasurer | OfficerTrustee | 5 | $0 |
Jocelyn Cramer Chairperson | OfficerTrustee | 5 | $0 |
Brandi Snyder Vice Chairperson | OfficerTrustee | 5 | $0 |
Rudy Shankar Director | Trustee | 5 | $0 |
Lynn Rothman Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,392 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,095 |
| Noncash contributions included in lines 1a–1f | $18,095 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,487 |
| Total Program Service Revenue | $1,602,692 |
| Investment income | $128,380 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $190,412 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,094,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $750 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $156,985 |
| Compensation of current officers, directors, key employees. | $35,254 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $439,745 |
| Pension plan accruals and contributions | $23,894 |
| Other employee benefits | $124,466 |
| Payroll taxes | $53,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,534 |
| Fees for services: Accounting | $15,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $44,241 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $21,382 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,266 |
| Travel | $8,484 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $139,989 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $329,451 |
| Insurance | $6,413 |
| All other expenses | -$76,190 |
| Total functional expenses | $1,678,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $456,082 |
| Savings and temporary cash investments | $781,004 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $879 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $959 |
| Prepaid expenses and deferred charges | $47,795 |
| Net Land, buildings, and equipment | $7,033,200 |
| Investments—publicly traded securities | $12,733,262 |
| Investments—other securities | $41,713 |
| Investments—program-related | $3,710,629 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $24,805,523 |
| Accounts payable and accrued expenses | $28,356 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,822,409 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $362,215 |
| Total liabilities | $4,212,980 |
| Net assets without donor restrictions | $20,592,543 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $24,805,523 |
Grants Awarded
Over the last fiscal year, Pp&l Sustainable Energy Fund Inc has awarded $157,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CEWA TECHNOLOGIES INC PURPOSE: TO DEVELOP NEW TECHNOLOGY AND BUSINESS MODELS THAT LEAD TO IMPROVED SUSTAINABLE ENERGY SOLUTIONS FOR PENNSYLVANIA | $100,000 |
ETHOSGEN LLC PURPOSE: TO DEVELOP NEW TECHNOLOGY AND BUSINESS MODELS THAT LEAD TO IMPROVED SUSTAINABLE ENERGY SOLUTIONS FOR PENNSYLVANIA | $25,000 |
Philadelhia, PA PURPOSE: TO DEVELOP NEW TECHNOLOGY AND BUSINESS MODELS THAT LEAD TO IMPROVED SUSTAINABLE ENERGY SOLUTIONS FOR PENNSYLVANIA | $25,000 |
Pittsburgh, PA PURPOSE: CONFERENCE SPONSOR: DEEP DECARBONIZATION OF PENNSYLVANIA'S ELECTRICITY SECTOR | $7,500 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Pp&l Sustainable Energy Fund Inc has recieved totaling $12,500.
| Awarding Organization | Amount |
|---|---|
West Penn Power Sustainable Energy Fund Greensburg, PA PURPOSE: Outreach | $7,500 |
The Luzerne Foundation Wilkesbarre, PA PURPOSE: PROGRAM SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Licking Rural Electrification Inc Newark, OH | $14,456,355 | $20,280,714 |
Holmes-Wayne Electric Cooperative Inc Millersburg, OH | $106,409,889 | $19,641,088 |
Rea Energy Cooperative Inc Indiana, PA | $139,260,164 | $26,641,958 |
Claverack Rural Electric Cooperative Inc Wysox, PA | $106,788,216 | $23,056,414 |
Northwestern Rural Electric Cooperative Association Inc Cambridge Springs, PA | $114,436,291 | $21,945,807 |
Valley Rural Electric Cooperative Inc Huntingdon, PA | $99,255,907 | $22,053,014 |
North Western Electric Cooperative Bryan, OH | $40,775,268 | $17,328,777 |
Frontier Power Company Coshocton, OH | $49,311,017 | $16,508,516 |
Darke Rural Electric Cooperative Inc Greenville, OH | $41,219,507 | $16,435,137 |
Adams Rural Electric Cooperative Inc West Union, OH | $40,089,293 | $17,363,278 |
Bedford Rural Electric Cooperative Inc Bedford, PA | $56,175,004 | $11,935,648 |
Steuben Rural Electric Cooperative Inc Bath, NY | $38,467,203 | $11,402,118 |