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Nonprofiteer
← CITIZENS ENERGY CORP

Form 990 for tax year 2024

Filed by CITIZENS ENERGY CORP.

Totals

Total revenue
$2,987,263
Total expenses
$4,274,630
Contributions and grants received
$2,516,677
Grants paid
$2,635,482
Program service revenue
$0
Investment income
$296,346
Other revenue
$174,240
Total assets, end of year
$121,876,306
Total liabilities, end of year
$769,751
Net assets or fund balances, end of year
$121,106,555
Program services expenses (Part IX)
$3,425,247
Management and general expenses
$849,383
Fundraising expenses
$0
Program service expenses (Part III)
$3,425,247

Program services were 80.1% 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.

  • 1d · Related organizations

    $1,829,521

  • 1f · All other contributions, gifts and grants

    $687,156

  • 3 · Investment income

    total $446,960 · excluded $446,960

  • 7b · Less cost or other basis and sales expenses

    securities $150,614

  • 7c · Gain or loss

    securities -$150,614

  • 7d · Net gain or loss

    total -$150,614 · excluded -$150,614

  • 10a · Gross sales of inventory

    $157,702

  • 10b · Cost of goods sold

    $67,702

  • 10c · Net income from sales of inventory

    total $90,000 · excluded $90,000

  • 11a · Other revenue: SKYCITIZENS

    total $84,240 · related or exempt $84,240

  • 11e · Other revenue, total

    $84,240

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,119,549 · program services $1,119,549

  • 2 · Grants to domestic individuals

    total $1,515,933 · program services $1,515,933

  • 5 · Compensation of officers, directors and key employees

    total $132,875 · management and general $132,875

  • 7 · Other salaries and wages

    total $647,520 · program services $415,909 · management and general $231,611

  • 8 · Pension plan contributions

    total $26,259 · management and general $26,259

  • 9 · Other employee benefits

    total $229,690 · program services $161,865 · management and general $67,825

  • 10 · Payroll taxes

    total $7,328 · management and general $7,328

  • 11b · Fees: legal

    total $9,795 · program services $9,795

  • 11c · Fees: accounting

    total $170,000 · management and general $170,000

  • 11g · Fees: other

    total $7,583 · program services $1,300 · management and general $6,283

  • 12 · Advertising and promotion

    total $58,232 · program services $28,288 · management and general $29,944

  • 13 · Office expenses

    total $104,487 · program services $91,741 · management and general $12,746

  • 14 · Information technology

    total $28,503 · management and general $28,503

  • 16 · Occupancy

    total $151,482 · program services $73,332 · management and general $78,150

  • 17 · Travel

    total $24,215 · program services $7,535 · management and general $16,680

  • 23 · Insurance

    total $40,660 · management and general $40,660

  • 24a · Other expenses: MISCELLANEOUS

    total $519 · management and general $519

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,438,481 · end of year $2,073,453

  • 4 · Accounts receivable

    beginning of year $179,047 · end of year $847,954

  • 9 · Prepaid expenses and deferred charges

    beginning of year $148,031 · end of year $136,799

  • 11 · Investments: publicly traded securities

    beginning of year $18,165,872 · end of year $16,964,757

  • 15 · Other assets

    beginning of year $92,355,462 · end of year $101,853,343

  • 17 · Accounts payable and accrued expenses

    beginning of year $643,390 · end of year $769,751

  • 27 · Net assets without donor restrictions

    beginning of year $110,324,751 · end of year $119,111,893

  • 28 · Net assets with donor restrictions

    beginning of year $2,318,752 · end of year $1,994,662

Mission and programs · 2024

Mission

CITIZENS ENERGY CORPORATION PROVIDES LOW COST ENERGY SERVICES TO LOW-INCOME FAMILIES IN THE U.S. BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS.

Activities or mission (Part I)

SEE SCHEDULE O

  • CITIZENS PROVIDES DEEPLY DISCOUNTED ELECTRICITY CREDITS TO APPROXIMATELY 12,000 LOW-INCOME RATEPAYERS IN THE IMPERIAL IRRIGATION DISTRICT (IID), FROM ITS 39-MEGAWATT LOW-INCOME COMMUNITY SOLAR PROJECT CITIZENS IMPERIAL SOLAR, LLC COMMISSIONED IN 2019. A COMBINATION OF FREE ELECTRICITY FUNDED FROM CITIZENS SUNRISE TRANSMISSION LLC (CST) AND LOW-COST WHOLESALE ELECTRICITY SOLD DIRECTLY TO IID PROVIDES APPROXIMATELY $4.2 MILLION OF ELECTRICITY SAVINGS PER YEAR TO NEEDY RATEPAYERS STRUGGLING TO STAY COOL IN THE REGION'S 115-DEGREE HEAT.

    Expenses $1,333,829 · Grants $1,332,479 · Revenue $84,240

  • IN 2019, CITIZENS BEGAN A PROGRAM TO PROVIDE INCREASED ACCESS TO THE BENEFITS OF ELECTRIC VEHICLE (EV) TRANSPORTATION TO DISADVANTAGED COMMUNITIES IN SAN DIEGO COUNTY BY PROVIDING FUNDING TO PURCHASE EV'S AND CHARGING INFRASTRUCTURE TO NON-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO LOW-INCOME FAMILIES. FUNDING FOR THIS PROGRAM COMES FROM CITIZENS SYCAMORE-PENASQUITOS TRANSMISSION, LLC (CSPT). IN 2024, THIS PROGRAM FUNDED GRANTS TO PROVIDE EV VANS AND THE ASSOCIATED CHARGING INFRASTRUCTURE TO A CRITICALLY IMPORTANT NON-PROFIT ORGANIZATION: SAN DIEGO CANYONLANDS WWW.SDCANYONLANDS.ORG).

    Expenses $262,261 · Grants $262,261

  • CITIZENS ENERGY SHELTER WINTER ASSISTANCE PROGRAM: SINCE 1984, CITIZENS ENERGY HAS CONTRIBUTED GRANTS TO OVER 125 EMERGENCY SHELTERS IN MASSACHUSETTS AND RHODE ISLAND TO HELP COVER THEIR ENERGY COSTS DURING THE WINTER SEASON.

    Expenses $256,062 · Grants $256,062

  • UNRESTRICTED DONATIONS MADE TO NON-PROFITSRELATED OF $378,461 AND INCLUDING GRANTS OF $378,461NATURAL GAS ASSISTANCE FUND:RELATED OF $86,850 AND INCLUDING GRANTS OF $86,850DURING 1984, CITIZENS ENERGY CORPORATION BEGAN A NATURAL GAS ASSISTANCE PROGRAM FOR THE PURPOSE OF PROVIDING LOWER-COST NATURAL GAS TO LOW-INCOME & ELDERLY PEOPLE THROUGHOUT THE UNITED STATES AND HEATING ASSISTANCE FOR HOMELESS SHELTERS. THE ASSISTANCE FUND IS ADMINISTERED BY LOCAL SOCIAL SERVICES AGENCIES WITHIN THEIR AREA TO PROVIDE GRANTS TO NEEDY USERS.OTHER PROGRAMS NOTE:IN 2019, CITIZENS LAUNCHED ITS "JOE-4-SUN" LOW-INCOME COMMUNITY SOLAR PROGRAM. THE PROGRAM PROVIDES RETAIL ELECTRICITY BILL CREDITS AT A 50% DISCOUNT TO MORE THAN 2,500 INCOME-QUALIFIED NEEDY FAMILIES ACROSS MASSACHUSETTS AND NEW YORK, SAVING EACH FAMILY APPROXIMATELY $300 PER YEAR. THE BILL CREDITS ORIGINATE FROM SOLAR PROJECTS DEVELOPED, BUILT, OWNED, AND OPERATED BY CITIZENS ENTERPRISES' SUBSIDIARIES. JOE-4-SUN PROVIDES APPROXIMATELY $800,000 PER YEAR OF ELECTRICITY SAVINGS TO LOW-INCOME FAMILIES.IN ADDITION TO THE JOE-4-SUN LOW-INCOME COMMUNITY SOLAR PROGRAM, CITIZENS ALSO PROVIDES APPROXIMATELY $2.3 MILLION/YEAR OF ELECTRICITY SAVINGS TO MUNICIPALITIES, COLLEGES, AND NON-PROFIT ORGANIZATIONS FROM BILL CREDITS GENERATED FROM ITS SOLAR PROJECTS. DURING 2024, CITIZENS INCURRED $779,971 IN EXPENSES FOR OUTREACH, MARKETING, AND CUSTOMER SERVICE RELATED TO ADMINISTERING THE JOE-4-SUN PROGRAM.IN 2023, CITIZENS, IN PARTNERSHIP WITH VINEYARD WIND, BEGAN A PROGRAM TO PURCHASE NET METERING OR SOLAR BILL CREDITS ON BEHALF OF LOW-INCOME RATEPAYERS WHO LIVE IN COASTAL AREAS IMPACTED BY THE VINEYARD WIND OFFSHORE WIND PROJECT. PURCHASING THE BILL CREDITS FOR THESE HOUSEHOLDS FURTHER REDUCES THEIR MONTHLY ELECTRIC BILLS, BEYOND THE INITIAL SAVINGS FROM THE DISCOUNTED BILL CREDITS. DURING 2024, CITIZENS SPENT $133,454 TO REDUCE 213 LOW-INCOME HOUSEHOLD'S ENERGY BILLS.IN 2024, CITIZENS, IN PARTNERSHIP WITH VINEYARD WIND, PROVIDED $135,915 TO FUND A ROOFTOP SOLAR PROJECT FOR EIGHT SENIOR, LOW-INCOME HOUSING UNITS FOR THE MASHPEE WAMPANOAG TRIBE.

    Expenses $1,573,095 · Grants $784,680

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Joseph P Kennedy II

    CHAIRMAN

    Total calculated
    $424,021
    From this org
    $0
    From related orgs
    $393,609
    Other
    $30,412
    Hours/week
    1 + 19 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $393,609 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $30,412 related
    Filer's total
    $0 + $424,021 related

  • Randy Greene

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patrick Jones

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Evelyn Murphy

    DIRECTOR

    Total calculated
    $6,000
    From this org
    $6,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Peter F Smith

    CEO

    Total calculated
    $1,184,402
    From this org
    $42,442
    From related orgs
    $913,615
    Other
    $228,345
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $42,442 + $381,982 related
    Bonus
    $0 + $528,000 related
    Other
    $0 + $3,633 related
    Deferred
    $1,725 + $185,937 related
    Nontaxable benefits
    $4,068 + $36,615 related
    Filer's total
    $48,235 + $1,136,167 related

  • Ernest J Panos

    CFO

    Total calculated
    $754,671
    From this org
    $32,205
    From related orgs
    $599,608
    Other
    $122,858
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $32,205 + $289,848 related
    Bonus
    $0 + $306,000 related
    Other
    $0 + $3,760 related
    Deferred
    $1,725 + $78,225 related
    Nontaxable benefits
    $4,291 + $38,617 related
    Filer's total
    $38,221 + $716,450 related

  • Joseph P Kennedy III

    PRESIDENT

    Total calculated
    $536,899
    From this org
    $22,836
    From related orgs
    $415,798
    Other
    $98,265
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $22,836 + $205,523 related
    Bonus
    $0 + $208,000 related
    Other
    $0 + $2,275 related
    Deferred
    $1,397 + $55,008 related
    Nontaxable benefits
    $4,186 + $37,674 related
    Filer's total
    $28,419 + $508,480 related

  • Timothy J Minogue

    CONTROLLER

    Total calculated
    $368,272
    From this org
    $41,279
    From related orgs
    $273,837
    Other
    $53,156
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $41,279 + $123,837 related
    Bonus
    $0 + $150,000 related
    Other
    $0
    Deferred
    $3,726 + $11,177 related
    Nontaxable benefits
    $9,563 + $28,690 related
    Filer's total
    $54,568 + $313,704 related

  • Nicole Malone

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $206,700
    From this org
    $75,388
    From related orgs
    $100,388
    Other
    $30,924
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $75,388 + $75,388 related
    Bonus
    $0 + $25,000 related
    Other
    $0
    Deferred
    $2,079 + $2,079 related
    Nontaxable benefits
    $13,383 + $13,383 related
    Filer's total
    $90,850 + $115,850 related

  • Kristina Perez

    DIRECTOR OF CHARITABLE PROGRAMS

    Total calculated
    $207,399
    From this org
    $169,576
    From related orgs
    $0
    Other
    $37,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $107,576
    Bonus
    $62,000
    Other
    $0
    Deferred
    $8,639
    Nontaxable benefits
    $29,184
    Filer's total
    $207,399

  • Ginette Trask

    EXEC ASST TO CHAIR, CEO, CFO

    Total calculated
    $181,813
    From this org
    $22,800
    From related orgs
    $122,401
    Other
    $36,612
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $22,800 + $68,401 related
    Bonus
    $0 + $54,000 related
    Other
    $0
    Deferred
    $1,473 + $4,420 related
    Nontaxable benefits
    $7,680 + $23,039 related
    Filer's total
    $31,953 + $149,860 related

  • Elizabeth Kennedy

    FORMER DIRECTOR OF MARKETING

    Total calculated
    $143,975
    From this org
    $0
    From related orgs
    $143,975
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $143,975 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $143,975 related

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "SERP") JOSEPH P. KENNEDY II (FOUNDER, CHAIRMAN OF THE BOARD), PETER F. SMITH (CEO), AND ELIZABETH KENNEDY (DIRECTOR OF MARKETING) PARTICIPATE IN A SERP ADOPTED BY THE BOARD OF DIRECTORS IN 2011. THE PLAN WAS DESIGNED IN CONSULTATION WITH THE SAME INDEPENDENT HUMAN RESOURCES CONSULTING FIRM THAT CONDUCTS CITIZENS' ANNUAL OFFICER COMPENSATION REASONABLENESS REVIEWS. UPON REACHING RETIREMENT AGE, THE PLAN'S ANNUAL BENEFIT PROVIDES A PERCENTAGE OF FINAL-AVERAGE-PAY BASED ON THE EXECUTIVE'S YEARS OF SERVICE, WITH A MAXIMUM OF 60%. BOTH MR. AND MRS. KENNEDY BEGAN RECEIVING BENEFITS UNDER THIS PLAN IN 2018, AND THE AMOUNTS RECEIVED BY THEM IN 2024 ARE REFLECTED IN PART VII, SECTION A, COLUMN [E], AND SCHEDULE J, PART II, COLUMN [B III]. FURTHER, IN 2023 IN CONSULTATION WITH ITS HUMAN RESOURCES CONSULTING FIRM, THE BOARD VOTED TO CEASE ACCRUING BENEFITS FOR MR. SMITH UNDER THE DEFINED-BENEFIT SERP ADOPTED IN 2011, AND IMPLEMENTED A DEFINED-CONTRIBUTION SERP FOR JOSEPH P. KENNEDY III (PRESIDENT), PETER F. SMITH (CEO), AND ERNEST J. PANOS (CFO). THIS PLAN INVESTS UP TO 10% OF EACH EXECUTIVE'S PAY ANNUALLY TO BE DISTRIBUTED UPON RETIREMENT AGE. ALL BENEFITS PAID UNDER BOTH SERPS ARE FUNDED FROM A RELATED ORGANIZATION, CITIZENS' WHOLLY-OWNED FOR-PROFIT SUBSIDIARY, CITIZENS ENTERPRISES. THE FOLLOWING AMOUNTS HAVE BEEN INCLUDED IN RETIREMENT AND OTHER DEFERRED COMPENSATION REPORTED IN PART II, COLUMN C. THESE AMOUNTS, WHEN VESTED AT RETIREMENT AGE, WILL BE PAID BY A RELATED PARTY, CITIZENS ENTERPRISES. PETER SMITH $170,412 ERNEST PANOS $62,700 JOSEPH P. KENNEDY III $42,433
PART I, LINE 7
KRISTINA PEREZ RECEIVED A DISCRETIONARY, PERFORMANCE-BASED BONUS PAYMENT OF $62,000 FROM CITIZENS ENERGY CORPORATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants 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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CITISUNS V LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS V MEMBER LLC

  • CITISUNS VI LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS VI MEMBER LLC

  • CITISUNS VII LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS VII MEMBER LLC

  • CITISUNS VIII LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS VIII MEMBER LLC

  • CITISUNS IX LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS IX MEMBER LLC

  • CITISUNS X LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS X MEMBER

  • CITISUNS XI MEMBER LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

  • CITISUNS XI LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS XI MEMBER

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CITIZENS ENTERPRISES CORPORATION

    C · INVESTMENT IN OTHER ENTITIES · MA · 100% owned · share of income $9,497,881 · share of assets $181,756,399 · controlled entity

    Directly controlled by CITIZENS ENERGY CORPORATION

  • CITISUNS I MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS II MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS III MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS IV MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS V MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS VI MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS VII MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS VIII MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS IX MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS X MEMBER LLC

    C · SOLAR DEVELOPMENT · DE · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202513219349309631

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