Fresh Energy
- Assets
- $9.2m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 38
- Location
- St Paul, MN
- Founding
- 12/1992
- Data as of
- 01/2024
- EIN
- 41-1735501
Organization Overview
Fresh Energy is located in St Paul, MN. The organization was established in 1992. According to its NTEE Classification (C01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Environment and related organizations. As of 01/2024, Fresh Energy employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresh Energy 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 01/2024, Fresh Energy generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $8.7m during the year ending 01/2024. While expenses have increased by 15.8% per year over the past 9 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
SHAPE AND DRIVE BOLD POLICY SOLUTIONS TO ACHIEVE EQUITABLE CARBON-NEUTRAL ECONOMIES.
Describe the Organization's Program Activity:
ENERGY TRANSITION - SEE SCHEDULE O.
ENERGY NEWS NETWORK - SEE SCHEDULE O.
CLEAN ELECTRICITY - SEE SCHEDULE O.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bird Anderson Board Member | Trustee | 1 | $0 |
Jeffrey S Broberg Board Member | Trustee | 1 | $0 |
Jim Ladner Board Member | Trustee | 1 | $0 |
Raj V Rajan Board Member | Trustee | 1 | $0 |
Meritt Clapp-Smith Board Member | Trustee | 1 | $0 |
Trent Mostaert Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cliftonlarsonallen Llp Accounting, Payroll, Software | 1/30/24 | $190,998 |
Arc Initiatives Llc Consulting | 1/30/24 | $184,200 |
Synapse Energy Economics Inc Consulting | 1/30/24 | $176,230 |
Marnese Jackson Consulting | 1/30/24 | $121,454 |
Jacob Serfling Consulting | 1/30/24 | $104,739 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $470,245 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,142,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,612,924 |
| Total Program Service Revenue | $12,300 |
| Investment income | $162,790 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$30,300 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,758,778 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $662,022 |
| 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. | $463,220 |
| Compensation of current officers, directors, key employees. | $125,224 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,708,302 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $441,505 |
| Payroll taxes | $226,144 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $20,523 |
| Fees for services: Accounting | $233,233 |
| Fees for services: Lobbying | $60,752 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,197,268 |
| Advertising and promotion | $0 |
| Office expenses | $24,663 |
| Information technology | $86,863 |
| Royalties | $0 |
| Occupancy | $119,076 |
| Travel | $53,930 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $97,466 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $151,906 |
| Insurance | $11,193 |
| All other expenses | $11,944 |
| Total functional expenses | $8,727,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $692,763 |
| Savings and temporary cash investments | $5,395,100 |
| Pledges and grants receivable | $2,222,604 |
| 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 | $93,350 |
| Net Land, buildings, and equipment | $411,983 |
| Investments—publicly traded securities | $210,122 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $137,889 |
| Total assets | $9,163,811 |
| Accounts payable and accrued expenses | $422,679 |
| 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 | $264,395 |
| Total liabilities | $687,074 |
| Net assets without donor restrictions | $1,704,352 |
| Net assets with donor restrictions | $6,772,385 |
| 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 | $9,163,811 |