Indiana Utility Rate Payer Tr
- Assets
- $7.5m
- Revenue
- $294.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Muncie, IN
- Founding
- 07/1999
- Data as of
- 12/2022
- EIN
- 35-6651129
Organization Overview
Indiana Utility Rate Payer Tr is located in Muncie, IN. The organization was established in 1999. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Indiana Utility Rate Payer Tr is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Indiana Utility Rate Payer Tr generated $294.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $293.7k during the year ending 12/2022. While expenses have increased by 1.7% per year over the past 8 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.
Since 2020, Indiana Utility Rate Payer Tr has awarded 28 individual grants totaling $771,812. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FUNDS TO HELP COVER LEGAL AND OTHER EXPENSES TO ANY AND ALL WHO ARE AFFECTED DETRIMENTALLY BY UTILITY RATES AND PRACTICES IN INDIANA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE FUNDS TO HELP COVER LEGAL AND OTHER EXPENSES TO ANY AND ALL WHO ARE AFFECTED DETRIMENTALLY BY UTILITY RATES AND PRACTICES IN INDIANA.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
First Merchants Private Wealth Adv Trustee | 4.5 | $71,388 | |
Richard Hill Executive Co | Trustee | 2.5 | $5,450 |
Anne Becker Executive Co | Trustee | 2.5 | $5,450 |
Robert Johnson Executive Co | Trustee | 2.5 | $5,450 |
June Lyle Executive Co | Trustee | 2.5 | $5,450 |
Chris Williams Executive Co | Trustee | 2.5 | $5,450 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,000 |
| Total Program Service Revenue | $0 |
| Investment income | $223,164 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$28,567 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $294,604 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $181,392 |
| 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. | $98,638 |
| Compensation of current officers, directors, key employees. | $49,319 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,117 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $10,590 |
| Total functional expenses | $293,737 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $143,989 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $7,336,908 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,480,897 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $7,480,897 |
| Total liabilities and net assets/fund balances | $7,480,897 |
Grants Awarded
Over the last fiscal year, Indiana Utility Rate Payer Tr has awarded $173,265 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
CAC EDUCATION FD 2022-1 AES IRP | | | $50,330 |
BRUEBAKER & ASSOC 2022-3 AESI | | | $39,968 |
CAC EDUCATION FD 2021-5 CONS DSM MP | | | $37,696 |
SOLARIZE INDIANA INC 2021-15 | | | $16,495 |
ENERGY MATTERS CO 2021-4 DUKE ENERG | | | $13,563 |
SOLARIZE INDIANA INC 2020-10 | | | $9,513 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Energy Services Inc Madison, WI | $8,275,764 | $17,473,845 |
Neighborhood Lending Services Inc Chicago, IL | $30,819,021 | $4,912,824 |
Bickerdike Redevelopment Corporation Chicago, IL | $86,161,772 | $4,493,644 |
Project Home Inc Madison, WI | $5,333,055 | $4,173,429 |
Wisconsin Native Loan Fund Inc Lac Du Flambeau, WI | $5,661,202 | $1,436,627 |
Hope Of Evansville Inc Evansville, IN | $1,278,111 | $550,592 |
Energy Assistance Foundation Decatur, IL | $2,534,598 | $752,015 |
United Neighborhoods Inc Hammond, IN | $1,715,145 | $339,107 |
Two Rivers Council Foundation Quincy, IL | $455,052 | $383,235 |
Marquette Bank Affordable Housing Foundation Chicago, IL | $1,432,844 | $100,609 |
Indiana Utility Rate Payer Tr Muncie, IN | $7,480,897 | $294,604 |
Jubilee Ministries Inc Peoria, IL | $221,247 | $126,938 |