The Solar Foundation
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 13
- Location
- Albany, NY
- Founding
- 01/2010
- Data as of
- 12/2021
- EIN
- 52-1089260
Organization Overview
The Solar Foundation is located in Albany, NY. The organization was established in 2010. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. As of 12/2021, Solar Foundation employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solar Foundation 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, Solar Foundation generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Solar Foundation has awarded 74 individual grants totaling $6,139,801. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ACCELERATE ADOPTION OF THE WORLD'S MOST ABUNDANT ENERGY SOURCE: THE SUN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY PROGRAMS ARE FEDERAL FUNDS PROGRAMS AND INCLUDE:SOLSMART PROVIDES NATIONAL RECOGNITION AND NO-COST TECHNICAL ASSISTANCE TO MUNICIPALITIES AND COUNTIES SEEKING TO MAKE IT FASTER, EASIER, AND MORE AFFORDABLE FOR RESIDENTS AND BUSINESSES TO INSTALL SOLAR ENERGY SYSTEMS.SOLAR READY VETS NETWORK CONNECTS TRANSITIONING MILITARY SERVICE MEMBERS AND VETERANS OF THE U.S. ARMED FORCES WITH SOLAR INDUSTRY TRAINING, CREDENTIALING AND EMPLOYMENT OPPORTUNITIES.PUERTO RICO SOLAR BUSINESS ACCELERATOR SUPPORTS SOLAR WORKFORCE DEVELOPMENT, FINANCE AND MICROGRID DEVELOPMENT IN PUERTO RICO.
OTHER PROGRAMS COMPLEMENT THE ENERGY PROGRAMS AND CENSUS AND INCLUDE PROVIDING TECHNICAL ASSISTANCE TO LOCAL GOVERNMENTS RELATED TO THE AMERICAN CITIES CLIMATE CHALLENGE.
SOLAR JOBS CENSUS IS THE ANNUAL REVIEW OF EMPLOYMENT IN THE U.S. SOLAR ENERGY INDUSTRY, NATIONWIDE AND BY STATE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Powell Chair | OfficerTrustee | 0.5 | $0 |
Scott Sklar Secretary/treasurer | OfficerTrustee | 0.5 | $0 |
Lee Peterson Director | Trustee | 0.5 | $0 |
Abigail Hopper Director | Trustee | 0.5 | $0 |
Thomas Starrs Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Marcum Llp Accounting And Tax Services | 12/30/21 | $242,001 |
Institute For Building Technology And Sa Consulting Services/research | 12/30/21 | $112,221 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,290,851 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,499 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,309,350 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,336,664 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $394,421 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,727 |
| Pension plan accruals and contributions | $23,334 |
| Other employee benefits | $39,865 |
| Payroll taxes | $42,884 |
| Fees for services: Management | $62,250 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $250,497 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $234,397 |
| Advertising and promotion | $0 |
| Office expenses | $9,227 |
| Information technology | $7,126 |
| Royalties | $0 |
| Occupancy | $33,244 |
| Travel | $1,128 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $5,497 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $15,547 |
| All other expenses | $0 |
| Total functional expenses | $1,592,212 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, The Solar Foundation has awarded $394,421 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Mayaguez, PR PURPOSE: TECHNICAL ASSISTANCE UNDER FEDERAL GRANT | $104,219 |
Washington, DC PURPOSE: TECHNICAL ASSISTANCE UNDER FEDERAL GRANT | $62,047 |
Washington, DC PURPOSE: TECHNICAL ASSISTANCE UNDER FEDERAL GRANT | $59,175 |
Clifton Park, NY PURPOSE: TECHNICAL ASSISTANCE UNDER FEDERAL GRANT | $49,170 |
Washington, DC PURPOSE: TECHNICAL ASSISTANCE UNDER FEDERAL GRANT | $32,432 |
BROOKS ENGINEERING PURPOSE: TECHNICAL ASSISTANCE UNDER FEDERAL GRANT | $28,598 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Solar Foundation has recieved totaling $13,865.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $13,689 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $176 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hyacinth Foundation A New Jersey Nonprofit Corporation New Brunswick, NJ | $2,127,419 | $9,677,408 |
William & Mary Greve Foundation Inc Norfolk, CT | $26,806,956 | $4,445,583 |
American Vacuum Society Incorporated New York, NY | $15,639,477 | $3,580,323 |
Students 2 Science East Hanover, NJ | $4,913,280 | $4,122,884 |
Art Science Research Laboratory Inc New York, NY | $240,453 | $3,090,633 |
Interaction Institute Boston, MA | $4,627,027 | $4,733,561 |
New York Wine Grape Foundation Penn Yan, NY | $1,037,774 | $2,662,535 |
Fragrance Foundation Inc New York, NY | $4,383,743 | $2,574,957 |
Policy Research Inc Delmar, NY | $614,854 | $1,916,396 |
The Solar Foundation Albany, NY | $0 | $1,336,664 |
Osteoarthritis Research Society International Inc Mount Laurel, NJ | $3,489,953 | $1,360,063 |
Research Institute For Learning And Development Lexington, MA | $900,600 | $1,374,678 |