Solarbron Pointe Inc
- Assets
- $32.0m
- Revenue
- $3.9m
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IN
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 35-1544098
Organization Overview
Solarbron Pointe Inc is located in Bloomington, IN. The organization was established in 1983. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, 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. Solarbron Pointe 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 12/2023, Solarbron Pointe Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 3.1% per year over the past 4 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Goldman Director | 5 | $8,000 | |
Perry Moore Director | 5 | $8,000 | |
James Lowell Whitlatch President | 5 | $8,000 | |
Kerrie Weinzapfel Secretary | 5 | $8,000 | |
Kathy Ettensohn Treasurer | 5 | $8,000 | |
Kelsey Sellers Administrator | 40 | $103,896 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,863,254 |
| Total Revenue | $3,863,254 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $1,145,765 |
| Pension plans, employee benefits | $70,330 |
| Interest | $756,919 |
| Taxes | $92,244 |
| Depreciation | $895,673 |
| Occupancy | $369,346 |
| Travel, conferences, and meetings | $10,907 |
| Printing and publications | $0 |
| Other expenses | $491,704 |
| Total operating and administrative expenses | $4,516,991 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $4,516,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,278 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $563,526 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $37,248 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $28,840,061 |
| Other assets | $2,508,388 |
| Total assets | $32,018,501 |
| Accounts payable and accrued expenses | $81,833 |
| Grants payable | $0 |
| Deferred revenue | $19,558 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $13,918,387 |
| Other liabilities | $1,117,540 |
| Total liabilities | $15,137,318 |