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Nonprofiteer
← RE-VOLV

Form 990 for tax year 2025

Filed by RE-VOLV.

Totals

Total revenue
$3,154,771
Total expenses
$2,176,316
Contributions and grants received
$1,953,284
Grants paid
$0
Program service revenue
$985,751
Investment income
$215,692
Other revenue
$44
Total assets, end of year
$9,802,518
Total liabilities, end of year
$7,567,242
Net assets or fund balances, end of year
$2,235,276
Program services expenses (Part IX)
$1,602,201
Management and general expenses
$375,351
Fundraising expenses
$198,764
Program service expenses (Part III)
$1,602,201

Program services were 73.6% 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)

    $300,000

  • 1f · All other contributions, gifts and grants

    $1,653,284

  • 1g · Noncash contributions included above

    $330,000

  • 2a · Program service revenue: SERVICE FEES

    total $985,751 · related or exempt $985,751

  • 3 · Investment income

    total $215,692 · excluded $215,692

  • 11a · Other revenue: GAIN/LOSS

    total $44 · related or exempt $44

  • 11e · Other revenue, total

    $44

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $585,644 · program services $468,515 · management and general $87,847 · fundraising $29,282

  • 7 · Other salaries and wages

    total $599,259 · program services $411,440 · management and general $51,047 · fundraising $136,772

  • 9 · Other employee benefits

    total $144,074 · program services $113,132 · management and general $14,178 · fundraising $16,764

  • 10 · Payroll taxes

    total $95,695 · program services $66,109 · management and general $16,861 · fundraising $12,725

  • 11b · Fees: legal

    total $37 · management and general $37

  • 11c · Fees: accounting

    total $50,283 · management and general $50,283

  • 11g · Fees: other

    total $176,759 · program services $136,965 · management and general $39,794

  • 12 · Advertising and promotion

    total $1,797 · program services $1,579 · management and general $218

  • 13 · Office expenses

    total $14,711 · program services $5,581 · management and general $9,057 · fundraising $73

  • 14 · Information technology

    total $41,812 · program services $4,079 · management and general $37,721 · fundraising $12

  • 16 · Occupancy

    total $13,756 · program services $30 · management and general $13,726

  • 17 · Travel

    total $45,747 · program services $9,503 · management and general $34,990 · fundraising $1,254

  • 19 · Conferences, conventions and meetings

    total $10,810 · program services $10,810

  • 20 · Interest

    total $175,510 · program services $175,510

  • 22 · Depreciation, depletion and amortization

    total $82,683 · program services $82,683

  • 23 · Insurance

    total $18,398 · program services $288 · management and general $17,671 · fundraising $439

  • 24a · Other expenses: LOAN LOSS PROVISION

    total $47,546 · program services $47,546

  • 24b · Other expenses: SOLAR PROJECT

    total $37,508 · program services $37,508

  • 24c · Other expenses: FINANCE FEES

    total $26,137 · program services $26,137

  • 24d · Other expenses: EVENT SUPPLIES

    total $2,558 · program services $924 · management and general $191 · fundraising $1,443

  • 24e · All other expenses

    total $5,592 · program services $3,862 · management and general $1,730

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $94,127 · end of year $304,569

  • 2 · Savings and temporary cash investments

    beginning of year $1,565,071 · end of year $2,997,615

  • 4 · Accounts receivable

    beginning of year $283,924 · end of year $94,667

  • 7 · Other notes and loans receivable

    beginning of year $1,809,454 · end of year $3,903,860

  • 9 · Prepaid expenses and deferred charges

    beginning of year $16,344 · end of year $33,693

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

    $1,792,320

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

    $196,917

  • 10c · Land, buildings and equipment, net

    beginning of year $827,682 · end of year $1,595,403

  • 15 · Other assets

    beginning of year $703,973 · end of year $872,711

  • 17 · Accounts payable and accrued expenses

    beginning of year $114,124 · end of year $258,791

  • 18 · Grants payable

    beginning of year $293,381 · end of year $262,185

  • 19 · Deferred revenue

    beginning of year $24,251 · end of year $56,048

  • 23 · Secured mortgages and notes payable

    beginning of year $3,741,228 · end of year $6,990,218

  • 27 · Net assets without donor restrictions

    beginning of year $1,127,591 · end of year $2,190,876

  • 28 · Net assets with donor restrictions

    end of year $44,400

Mission and programs · 2025

Mission

RE-VOLV'S MISSION IS TO ADVANCE SUSTAINABLE ECONOMIC DEVELOPMENT IN UNDERINVESTED COMMUNITIES BY FACILITATING, FINANCING, AND RAISING AWARENESS OF EQUITABLE CLEAN ENERGY AND CLIMATE RESILIENCE SOLUTIONS.

  • RE-VOLV IS AN EQUITY-INFORMED, CLEAN ENERGY ACCESS ORGANIZATION THAT HELPS NONPROFITS IN UNDERINVESTED COMMUNITIES ACROSS THE COUNTRY GO SOLAR, WHILE RAISING AWARENESS ABOUT EQUITABLE CLIMATE SOLUTIONS AND TRAINING THE NEXT GENERATION OF CLEAN ENERGY LEADERS. TO DATE, RE-VOLV HAS DEVELOPED AND FINANCED OVER 135 NONPROFIT SOLAR PROJECTS, SAVING THEM MORE THAN $45 MILLION ON ELECTRICITY BILLS AND COLLECTIVELY SERVING NEARLY 400,000 IN THEIR COMMUNITIES.

    Expenses $1,602,201 · Revenue $985,751

As filed on the 2025 return.

Listed in Part VII

  • Andreas Karelas

    EXECUTIVE DIRECTOR

    Total calculated
    $159,923
    From this org
    $159,923
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $159,923
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $159,923
  • Michael Spiegelman

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Jon Gibson

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Julian Mocine-McQueen

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Kassie Rohrback

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Julius Gakwasi

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Clint Wilder

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Paul Wapner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Erika Symmonds

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Robert Nelson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jaqueline Badejo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jen Verne

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Cami Thompson

    DIRECTOR OF FINANCE

    Total calculated
    $175,704
    From this org
    $175,704
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $175,704
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,704
  • Mai Ha

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $149,425
    From this org
    $149,425
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Marques Mason

    SENIOR ACCOUNT MANAGER

    Total calculated
    $100,592
    From this org
    $100,592
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

No itemized grants to organizations on this return.

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.

  • AFTERGLOW RE-VOLV LLC

    DE · income $390,568 · assets $3,192,275

Provenance

Return type
form_990
Tax year
2025
Filed
26 June 2026
IRS schema version
2025v4.2
Source object
202621779349301127

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