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Nonprofiteer
← COMMUNITY OFFICE FOR RESOURCE EFFICIENCY

Form 990 for tax year 2023

Filed by COMMUNITY OFFICE FOR RESOURCE EFFICIENCY.

Totals

Total revenue
$2,497,992
Total expenses
$2,589,820
Contributions and grants received
$1,631,578
Grants paid
$402,239
Program service revenue
$685,535
Investment income
$180,879
Other revenue
$0
Total assets, end of year
$5,321,150
Total liabilities, end of year
$220,814
Net assets or fund balances, end of year
$5,100,336
Program services expenses (Part IX)
$2,104,909
Management and general expenses
$317,005
Fundraising expenses
$167,906
Program service expenses (Part III)
$2,104,909

Program services were 81.3% 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.

  • 1e · Government grants (contributions)

    $775,000

  • 1f · All other contributions, gifts and grants

    $856,578

  • 2a · Program service revenue: PROJECT FEES

    total $685,535 · related or exempt $685,535

  • 3 · Investment income

    total $70,176 · excluded $70,176

  • 4 · Income from investment of tax-exempt bond proceeds

    total $110,703 · excluded $110,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $283,919 · program services $283,919

  • 2 · Grants to domestic individuals

    total $118,320 · program services $118,320

  • 5 · Compensation of officers, directors and key employees

    total $122,166 · program services $89,710 · management and general $18,682 · fundraising $13,774

  • 7 · Other salaries and wages

    total $474,837 · program services $348,686 · management and general $72,613 · fundraising $53,538

  • 8 · Pension plan contributions

    total $15,150 · program services $11,125 · management and general $2,317 · fundraising $1,708

  • 9 · Other employee benefits

    total $49,558 · program services $36,392 · management and general $7,578 · fundraising $5,588

  • 10 · Payroll taxes

    total $51,089 · program services $37,516 · management and general $7,813 · fundraising $5,760

  • 11a · Fees: management

    total $61,500 · program services $15,000 · management and general $38,972 · fundraising $7,528

  • 11b · Fees: legal

    total $4,894 · management and general $4,894

  • 11c · Fees: accounting

    total $130,402 · management and general $130,402

  • 11e · Fees: professional fundraising services

    total $21,750 · fundraising $21,750

  • 11g · Fees: other

    total $545,658 · program services $483,651 · management and general $14,208 · fundraising $47,799

  • 12 · Advertising and promotion

    total $101,647 · program services $101,647

  • 13 · Office expenses

    total $42,845 · program services $31,123 · management and general $6,945 · fundraising $4,777

  • 14 · Information technology

    total $14,241 · program services $10,458 · management and general $2,177 · fundraising $1,606

  • 16 · Occupancy

    total $27,110 · program services $19,907 · management and general $4,146 · fundraising $3,057

  • 17 · Travel

    total $9,314 · program services $9,314

  • 19 · Conferences, conventions and meetings

    total $5,580 · program services $5,503 · management and general $44 · fundraising $33

  • 20 · Interest

    total $801 · management and general $801

  • 22 · Depreciation, depletion and amortization

    total $4,073 · management and general $4,073

  • 23 · Insurance

    total $8,761 · program services $6,433 · management and general $1,340 · fundraising $988

  • 24a · Other expenses: REBATES

    total $496,205 · program services $496,205

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,510,435 · end of year $3,321,422

  • 3 · Pledges and grants receivable

    beginning of year $1,363,185 · end of year $493,895

  • 4 · Accounts receivable

    beginning of year $39,804 · end of year $6,921

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

    $29,401

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

    $6,323

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $23,078

  • 11 · Investments: publicly traded securities

    beginning of year $428,377 · end of year $1,436,961

  • 15 · Other assets

    beginning of year $61,181 · end of year $38,873

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,255 · end of year $161,507

  • 18 · Grants payable

    beginning of year $466,000

  • 19 · Deferred revenue

    beginning of year $55,923

  • 24 · Unsecured notes and loans payable

    end of year $22,967

  • 25 · Other liabilities

    beginning of year $56,848 · end of year $36,340

  • 27 · Net assets without donor restrictions

    beginning of year $1,615,701 · end of year $2,369,560

  • 28 · Net assets with donor restrictions

    beginning of year $3,087,255 · end of year $2,730,776

Mission and programs · 2023

Mission

CORE HAS BEEN HELPING THE ROARING FORK VALLEY SAVE ENERGY AND CUT CARBON EMISSIONS SINCE 1994. THE ORGANIZATION PROMOTES THE FOLLOWING "CORE" VALUES: CLEAN AIR, STABLE CLIMATE, A STRONG ECONOMY, HEALTHY COMMUNITIES, AND SUSTAINABLE ENERGY. QUANTIFIABLE DATA MEASURES ENERGY SAVINGS IN MMBTUS, CO2 REDUCTION IN METRIC TONS AND THE ECONOMIC IMPACT OF FUNDING PROJECT COSTS.

Activities or mission (Part I)

CORE HELPS OUR COMMUNITY SAVE ENERGY THROUGH ENERGY EFFICIENCY AND RENEWABLE ENERGY.

  • GRANT PROGRAM MANAGEMENT: FUNDED FROM THE ASPEN/PITKIN COUNTY RENEWABLE ENERGY MITIGATION PROGRAM (REMP). GRANT PROGRAMS INCLUDE UDALL NEW INITIATIVE, DESIGN ASSISTANCE, COMMUNITY, AND NET ZERO HOME GRANTS. CORE HAS FUNDED PROJECTS FOR MUNICIPAL BUILDINGS, EMPLOYEE HOUSING, SCHOOLS, RESIDENTIAL PROPERTIES AND COMMERCIAL ENTITIES. PROJECTS INCLUDE SOLAR PV SYSTEMS, LIGHTING RETROFITS, AIR SEALING AND INSULATION, AND OBTAINING LEED CERTIFICATION.

    Expenses $1,726,025 · Grants $329,836 · Revenue $685,535

  • ENERGY SMART PROGRAM MANAGEMENT: PROVIDES LOW-COST HOME ENERGY ASSESSMENTS. OFFERS RESIDENTIAL AND COMMERCIAL REBATES FOR ENERGY-EFFICIENCY UPGRADES AND RENEWABLE ENERGY PROJECTS IN THE ROARING FORK VALLEY. CORE ADMINISTERS REBATES FOR THE CITY OF ASPEN AND CONNECTS CLIENTS TO REBATES FROM THEIR UTILITY COMPANIES.

    Expenses $357,835 · Grants $68,381

  • INCOME-QUALIFIED PROGRAM: EXTENDS TO MODERATE INCOME FAMILIES TO UPGRADE THEIR HOMES FOR IMPROVED COMFORT, SAFETY AND ENERGY EFFICIENCY. INCOME QUALIFIED RESIDENTS OF PITKIN AND EAGLE COUNTIES IN THE ROARING FORK VALLEY RECEIVE FREE PROGRAM BENEFITS INCLUDING HOME ENERGY ASSESSMENTS, ENERGY UPGRADES, AND ENERGY ADVISING.

    Expenses $21,049 · Grants $4,022

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

Listed in Part VII

  • DAVID MUNK

    SECRETARY

    Total calculated
    $0
    Hours/week
    1.5

  • BILL STIRLING

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • ELYSE HOTTEL

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • GREG POSCHMAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • KATIE SCHWOERER

    CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • BOB SIRKUS

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5

  • TOM FRIDSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MATT SCHERR

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRIS BILBY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1.5

  • TESSA SCHREINER

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1.5

  • JOHN DOYLE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SAM ROSE

    ALTERNATE TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BRITTA GUSTAFSON

    ALTERNATE TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DALLAS BLANEY

    EXECUTIVE DIRECTOR TO AUG

    Total calculated
    $122,166
    From this org
    $122,166
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • JOHN DOUGHERTY

    EXECUTIVE DIRECTOR FROM SEPT

    Total calculated
    $61,500
    From this org
    $61,500
    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.

Grants on this return

  • ASPEN SKIING COMPANY

    $100,000

    BUILDING EFFICIENCY

  • PITKIN COUNTY LANDFILL

    $60,000

    BUILDING EFFICIENCY

  • CITY OF ASPEN

    $50,000

    BUILDING EFFICIENCY

  • ASPEN MOUNTAIN RESIDENCES

    $25,000

    BUILDING EFFICIENCY

  • WHEELER OPERA HOUSE

    $25,000

    BUILDING EFFICIENCY

  • RESPONSE ASPEN

    $16,853

    BUILDING EFFICIENCY

  • BASALT HIGH SCHOOL

    $7,066

    BUILDING EFFICIENCY

Provenance

Return type
form_990
Tax year
2023
Filed
27 September 2024
IRS schema version
2023v5.1
Source object
202402719349301910

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