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Nonprofiteer
← MID-HUDSON ENERGY TRANSITION INC

Form 990 for tax year 2023

Filed by MID-HUDSON ENERGY TRANSITION INC.

Totals

Total revenue
$805,852
Total expenses
$653,225
Contributions and grants received
$763,143
Grants paid
$0
Program service revenue
$0
Investment income
$42,134
Other revenue
$575
Total assets, end of year
$935,457
Total liabilities, end of year
$558,235
Net assets or fund balances, end of year
$377,222
Program services expenses (Part IX)
$337,012
Management and general expenses
$271,471
Fundraising expenses
$44,742
Program service expenses (Part III)
$337,012

Program services were 51.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $31,487

  • 1f · All other contributions, gifts and grants

    $731,656

  • 3 · Investment income

    total $42,134 · related or exempt $42,134

  • 11a · Other revenue: OTHER

    total $575 · related or exempt $575

  • 11e · Other revenue, total

    $575

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $134,845 · program services $96,145 · management and general $26,969 · fundraising $11,731

  • 7 · Other salaries and wages

    total $195,939 · program services $139,705 · management and general $39,188 · fundraising $17,046

  • 8 · Pension plan contributions

    total $7,483 · program services $5,335 · management and general $1,497 · fundraising $651

  • 9 · Other employee benefits

    total $16,899 · program services $12,129 · management and general $3,380 · fundraising $1,390

  • 10 · Payroll taxes

    total $18,558 · program services $13,231 · management and general $3,712 · fundraising $1,615

  • 11b · Fees: legal

    total $92,611 · program services $19,601 · management and general $73,010

  • 11c · Fees: accounting

    total $15,130 · program services $3,201 · management and general $11,929

  • 11g · Fees: other

    total $29,975 · program services $6,346 · management and general $23,629

  • 12 · Advertising and promotion

    total $5,687 · program services $5,687

  • 13 · Office expenses

    total $31,147 · program services $9,671 · management and general $16,476 · fundraising $5,000

  • 14 · Information technology

    total $16,930 · management and general $16,930

  • 16 · Occupancy

    total $27,306 · program services $12,688 · management and general $7,309 · fundraising $7,309

  • 17 · Travel

    total $3,255 · program services $3,255

  • 23 · Insurance

    total $6,979 · management and general $6,979

  • 24a · Other expenses: OUTSIDE CONTRACT SERVIC

    total $50,481 · program services $10,018 · management and general $40,463

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,331,417 · end of year $865,568

  • 3 · Pledges and grants receivable

    beginning of year $148,500 · end of year $50,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $653 · end of year $655

  • 15 · Other assets

    beginning of year $38,671 · end of year $19,234

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,725 · end of year $20,401

  • 19 · Deferred revenue

    beginning of year $1,240,000 · end of year $520,000

  • 25 · Other liabilities

    beginning of year $36,921 · end of year $17,834

  • 27 · Net assets without donor restrictions

    beginning of year $224,595 · end of year $377,222

Mission and programs · 2023

Mission

OUR MISSION IS TO EMPOWER MUNICIPALITIES, RESIDENTS, AND BUSINESSES TO OWN AND SHRE RENEWABLE ENERGY, CREATE HEALTHIER BUILDINGS, AND JOIN IN COMMUNITY WEALTH-BUILDING TO STRENGTHEN THE RESILIENCE OF THE HUDSON VALLEY IN THE FACE OF CLIMATE CHANGE.

Activities or mission (Part I)

OUR MISSION IS TO EMPOWER MUNICIPALITIES, RESIDENTS, AND BUSINESSES (CONTINUED ON SCHEDULE O) TO OWN AND SHARE RENEWABLE ENERGY, CREATE HEALTHIER BUILDINGS, AND JOIN IN COMMUNITY WEALTH-BUILDING TO STRENGTHEN THE RESILENCE OF THE HUDSON VALLEY IN THE FACE OF CLIMATE CHANGE.

  • WE HAVE A NUMBER OF PROGRAM IN PLACE TO ACCOMPLISH OUR MISSION. PROGRAMS INCLUDE: 1) COMMUNITY CHOICE AGGREGATION (CCA); 2) HOME UPGRADE GRANTS (HUG) PROGRAM; AND 3) THE HOME ENERGY LOAN PROGRAM (HELP). THE CCA PROGRAM ALLOWS CITIES AND TOWNS TO POOL TOGETHER THE BUYING POWER OF THEIR RESIDENTS AND SMALL BUSINESSES TO PURCHASE CLEANER, AFFORDABLE ELECTRICITY ON THEIR BEHALF. UNDER CCA, THE LOCAL GOVERNMENT CAN SELECT A CLEANER ENERGY SUPPLY MIX THAN WHAT THE UTILITY OFFERS AND THE CUSTOMERS' UTILITY CONTINUES TO DELIVER THAT ENERGY OVER THE EXISTING POWER LINES. THE HUG PROGRAM PROVIDES GRANTS TO ADDRESS HOUSEHOLDS WITH INADEQUATE LIVING CONDITIONS, INCLUDING POOR INDOOR AIR QUALITY, HIGH ENERGY BILLS, AND UNCOMFORTABLE HOMES. THE GRANTS AIM TO ADDRESS BARRIERS TO ACCESSING AVAILABLE INCENTIVES TO IMPROVE ENERGY EFFICIENCY STANDARDS BY PARTNERING WITH LOCAL ORGANIZATIONS, CONTRACTORS, AND HOMEOWNERS TO IMPROVE THEIR HOMES' COMFORT, HEALTH & SAFETY, AND AFFORDABILITY.HELP PROVIDES EXTREMELY LOW-INTEREST LOANS AND SMALL GRANTS TO LOW-INCOME INDIVIDUALS TO FINANCE HEALTHY, ENERGY EFFICIENT, AND CLIMATE RESILIENT HOME IMPROVEMENTS.

    Expenses $337,012

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Marcy Cleveland

    MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Joel Herm

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Jasmine Graham

    MEMBER

    Total calculated
    $134,845
    From this org
    $121,573
    From related orgs
    $0
    Other
    $13,272
    Hours/week
    40

  • Samrat Pathania Thru April

    MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Peggy Gans Thru April

    MEMBER

    Total calculated
    $0
    Hours/week
    8

  • Susan Gillespie

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • Simon Strauss

    TREASURER

    Total calculated
    $0
    Hours/week
    8

  • Dana Hall Thru November

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MID-HUDSON ENERGY EQUITY FUND INC

    501(C)(3) · TO SUPPORT CHARITABLE ACTIVITIES OF THE ORGANIZATION. · NY · controlled entity

    Directly controlled by MID-HUDSON ENERGY TRANSITION INC

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349305422

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