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Nonprofiteer
← LOCAL JOBS & ECONOMIC DEVELOPMENT FUND INC

Form 990 for tax year 2024

Filed by LOCAL JOBS & ECONOMIC DEVELOPMENT FUND INC.

Totals

Total revenue
$19,183,625
Total expenses
$12,142,300
Contributions and grants received
$19,141,900
Grants paid
$8,514,800
Program service revenue
$0
Investment income
$41,725
Other revenue
$0
Total assets, end of year
$8,737,113
Total liabilities, end of year
$565,698
Net assets or fund balances, end of year
$8,171,415
Program services expenses (Part IX)
$11,102,858
Management and general expenses
$775,450
Fundraising expenses
$263,992
Program service expenses (Part III)
$11,102,858

Program services were 91.4% 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.

  • 1f · All other contributions, gifts and grants

    $19,141,900

  • 1g · Noncash contributions included above

    $2,500,000

  • 3 · Investment income

    total $34,890 · excluded $34,890

  • 7a · Gross sales of assets other than inventory

    securities $2,500,000

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

    securities $2,493,165

  • 7c · Gain or loss

    securities $6,835

  • 7d · Net gain or loss

    total $6,835 · excluded $6,835

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,514,800 · program services $8,514,800

  • 11a · Fees: management

    total $1,780,000 · program services $1,393,467 · management and general $122,541 · fundraising $263,992

  • 11b · Fees: legal

    total $25,975 · management and general $25,975

  • 11c · Fees: accounting

    total $38,560 · management and general $38,560

  • 11g · Fees: other

    total $996,425 · program services $996,425

  • 12 · Advertising and promotion

    total $41,000 · management and general $41,000

  • 13 · Office expenses

    total $1,975 · management and general $1,975

  • 14 · Information technology

    total $196,571 · program services $196,427 · management and general $144

  • 17 · Travel

    total $1,739 · program services $1,739

  • 23 · Insurance

    total $9,427 · management and general $9,427

  • 24a · Other expenses: TAXES AND LICENSES

    total $533,776 · management and general $533,776

  • 24b · Other expenses: MISCELLANEOUS

    total $2,052 · management and general $2,052

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $997,440 · end of year $3,652,563

  • 2 · Savings and temporary cash investments

    end of year $5,035,342

  • 4 · Accounts receivable

    beginning of year $225,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,949 · end of year $49,208

  • 17 · Accounts payable and accrued expenses

    beginning of year $97,299 · end of year $32,271

  • 25 · Other liabilities

    beginning of year $0 · end of year $533,427

  • 27 · Net assets without donor restrictions

    beginning of year $1,130,090 · end of year $8,171,415

Mission and programs · 2024

Mission

LOCAL JOBS & ECONOMIC DEVELOPMENT FUND SUPPORTS LOCAL CLEAN ENERGY DEPLOYMENT ACROSS THE U.S. WE BUILD DATA-DRIVEN MODELS TO FIND AFFORDABLE LOCAL ENERGY OPPORTUNITIES WITH GOOD ECONOMIC BENEFITS.

Activities or mission (Part I)

SEE PART III, LINE 1

  • DEVELOP ROBUST DATA MODELS THAT VISUALIZE THE DISTRIBUTION OF CLEAN ENERGY AND NON-RENEWABLE ENERGY SOURCES ACROSS THE UNITED STATES.

    Expenses $2,588,058

  • WE MAKE GRANTS TO ORGANIZATIONS THAT SUPPORT AFFORDABLE ENERGY SOLUTIONS AT THE LOCAL LEVEL.

    Expenses $8,514,800 · Grants $8,514,800

As filed on the 2024 return.

Listed in Part VII

  • Eric Heitz

    PRESIDENT & BOARD-CHAIR (SEE SCH L)

    Total calculated
    $0
    Hours/week
    20

  • Matthew Ewing

    BOARD MEMBER (SEE SCH L)

    Total calculated
    $0
    Hours/week
    20

  • Catherine Bracy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jon Carson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Amy Fuerstenau

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Samantha Russo

    TREASURER & SECRETARY

    Total calculated
    $0
    Hours/week
    20

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

  • AMERICAN JOBS AND ENERGY SECURITY

    $1,654,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • CONSERVATIVES FOR A CLEAN ENERGY FUTURE

    $1,460,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • WORKING FAMILIES PARTY PAC

    $1,175,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • LEAGUE OF CONSERVATION VOTERS INC

    $700,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • NEBRASKA CONSERVATION VOTERS

    $527,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • FARM TO POWER INC

    $500,000

    NON-POLITICAL CONTRIBUTION; FOR EDUCATION & ANALYSIS TO PROMOTE THE BENEFITS OF AFFORDABLE LOCAL ENERGY

  • TCE VOTECLEANORG PAC

    $377,500

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • CLEAN UP THE RIVER ENVIRONMENT

    $250,000

    NON-POLITICAL CONTRIBUTION; FOR EDUCATION & ANALYSIS TO PROMOTE THE BENEFITS OF AFFORDABLE LOCAL ENERGY

  • KANSANS FOR AN AFFORDABLE FUTURE

    $185,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

  • MICHIGAN DEMOCRATIC STATE CENTRAL COMMITTEE

    $175,000

    SUPPORTING LOCAL ECONOMIC DEVELOPMENT THROUGH CLEAN ENERGY DEPLOYMENT

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202523189349307727

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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