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Nonprofiteer
← WEST PENN POWER SUSTAINABLE ENERGY FUND

Form 990 for tax year 2024

Filed by WEST PENN POWER SUSTAINABLE ENERGY FUND.

Totals

Total revenue
$1,539,823
Total expenses
$1,789,174
Contributions and grants received
$0
Grants paid
$887,360
Program service revenue
$651,759
Investment income
$842,022
Other revenue
$46,042
Total assets, end of year
$33,900,257
Total liabilities, end of year
$876,405
Net assets or fund balances, end of year
$33,023,852
Program services expenses (Part IX)
$1,293,017
Management and general expenses
$496,157
Fundraising expenses
$0
Program service expenses (Part III)
$1,293,017

Program services were 72.3% 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.

  • 2a · Program service revenue: LOAN INCOME

    total $85,653 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: NONCOMPLIANCE INCOME

    total $566,106 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $633,137 · unrelated business $0 · excluded $633,137

  • 6a · Gross rents

    real property $60,052

  • 6b · Less rental expenses

    real property $23,364

  • 6c · Rental income or loss

    real property $36,688

  • 6d · Net rental income or loss

    total $36,688 · related or exempt $36,688

  • 7a · Gross sales of assets other than inventory

    securities $5,994,025

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

    securities $5,785,140

  • 7c · Gain or loss

    securities $208,885

  • 7d · Net gain or loss

    total $208,885 · related or exempt $0 · unrelated business $0 · excluded $208,885

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $9,354 · related or exempt $0 · unrelated business $0 · excluded $9,354

  • 11e · Other revenue, total

    $9,354

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $887,360 · program services $887,360

  • 11a · Fees: management

    total $125,000 · program services $93,750 · management and general $31,250 · fundraising $0

  • 11b · Fees: legal

    total $14,274 · program services $11,419 · management and general $2,855 · fundraising $0

  • 11c · Fees: accounting

    total $18,265 · program services $0 · management and general $18,265 · fundraising $0

  • 11f · Fees: investment management

    total $95,584 · program services $0 · management and general $95,584 · fundraising $0

  • 11g · Fees: other

    total $393,950 · program services $308,496 · management and general $85,454 · fundraising $0

  • 12 · Advertising and promotion

    total $33,085 · program services $0 · management and general $33,085 · fundraising $0

  • 13 · Office expenses

    total $1,400 · program services $0 · management and general $1,400 · fundraising $0

  • 17 · Travel

    total $10,077 · program services $0 · management and general $10,077 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $4,272 · program services $0 · management and general $4,272 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $171,916 · program services $0 · management and general $171,916 · fundraising $0

  • 23 · Insurance

    total $6,504 · program services $0 · management and general $6,504 · fundraising $0

  • 24a · Other expenses: BAD DEBTS RECOVERED

    total -$8,008 · program services -$8,008 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK CHARGES

    total $1,714 · program services $0 · management and general $1,714 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $28,753 · program services $0 · management and general $28,753 · fundraising $0

  • 24d · Other expenses: SUPPLIES

    total $809 · program services $0 · management and general $809 · fundraising $0

  • 24e · All other expenses

    total $4,219 · program services $0 · management and general $4,219 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $597,684 · end of year $319,603

  • 2 · Savings and temporary cash investments

    beginning of year $22,856,229 · end of year $3,323,439

  • 4 · Accounts receivable

    beginning of year $7,968 · end of year $4,245

  • 7 · Other notes and loans receivable

    beginning of year $2,772,812 · end of year $2,547,164

  • 9 · Prepaid expenses and deferred charges

    beginning of year $8,007 · end of year $14,074

  • 10a · Land, buildings and equipment: cost or other basis

    $6,349,873

  • 10b · Land, buildings and equipment: accumulated depreciation

    $416,082

  • 10c · Land, buildings and equipment, net

    beginning of year $6,095,368 · end of year $5,933,791

  • 11 · Investments: publicly traded securities

    end of year $21,693,339

  • 15 · Other assets

    beginning of year $47,329 · end of year $64,602

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,024 · end of year $54,733

  • 18 · Grants payable

    beginning of year $796,016 · end of year $813,860

  • 25 · Other liabilities

    beginning of year $47,193 · end of year $7,812

  • 27 · Net assets without donor restrictions

    beginning of year $30,695,057 · end of year $32,330,421

  • 28 · Net assets with donor restrictions

    beginning of year $664,107 · end of year $693,431

Mission and programs · 2024

Mission

INVESTS IN THE DEPLOYMENT OF SUSTAINABLE ENERGY TECHNOLOGIES THAT BENEFIT WEST PENN POWER RATEPAYERS IN PENNSYLVANIA SPECIFICALLY FOCUSED ON SUSTAINABLE AND CLEAN ENERGY TECHNOLOGIES, ENERGY EFFICIENCY AND CONSERVATION TECHNOLOGIES AND FACILITING ECONOMIC DEVELOPMENT, BETTERMENT AND PUBLIC EDUCATION RELATED TO SUSTAINABLE ENERGY DEPLOYMENT IN THE WPP SERVICE REGION.

  • Deployment of sustainable and clean energy technologies that can benefit West Penn Power ratepayers.

    Expenses $514,375 · Grants $353,000 · Revenue $273,871

  • Deployment of energy efficiency and conservation technologies that can benefit West Penn Power ratepayers.

    Expenses $490,855 · Grants $336,860 · Revenue $261,349

  • Faciliting economic development, environmental betterment, and public education as they relate to sustainable energy deployment in the WPP service region.

    Expenses $287,787 · Grants $197,500 · Revenue $153,227

As filed on the 2024 return.

Listed in Part VII

  • Al Neuner

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • John Kline

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • John Walliser

    VICE CHAIRPERSON

    Total calculated
    $0
    Hours/week
    2.5

  • Mike Pauly

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward C Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brandy Schimp

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joel Morrison

    ADMINISTRATIVE STAFF

    Total calculated
    $0
    Hours/week
    5

  • James Smith

    ADMINISTRATIVE STAFF

    Total calculated
    $208,249
    From this org
    $0
    From related orgs
    $172,691
    Other
    $35,558
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $172,691 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,089 related
    Nontaxable benefits
    $0 + $23,469 related
    Filer's total
    $0 + $208,249 related

  • George App

    ADMINISTRATIVE STAFF

    Total calculated
    $93,124
    From this org
    $0
    From related orgs
    $72,497
    Other
    $20,627
    Hours/week
    5

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

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 63 FRALEY STREET LLC

    TO DEVELOP, ACQUIRE, OWN, AND SELL REAL ESTATE · PA · assets $6,084,470

    Directly controlled by WEST PENN ENERGY FUND

Provenance

Return type
form_990
Tax year
2024
Filed
2 June 2025
IRS schema version
2024v5.2
Source object
202512909349300416

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