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Nonprofiteer
← ENERGY TRUST OF OREGON INC

Form 990 for tax year 2022

Filed by ENERGY TRUST OF OREGON INC.

Totals

Total revenue
$207,176,744
Total expenses
$182,250,587
Contributions and grants received
$206,756,631
Grants paid
$125,177
Program service revenue
$0
Investment income
$420,113
Other revenue
$0
Total assets, end of year
$121,881,969
Total liabilities, end of year
$32,571,780
Net assets or fund balances, end of year
$89,310,189
Program services expenses (Part IX)
$171,268,336
Management and general expenses
$10,982,251
Fundraising expenses
$0
Program service expenses (Part III)
$171,268,336

Program services were 94.0% 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)

    $206,756,631

  • 3 · Investment income

    total $420,113 · excluded $420,113

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $125,177 · program services $125,177

  • 5 · Compensation of officers, directors and key employees

    total $522,896 · management and general $522,896

  • 7 · Other salaries and wages

    total $12,993,219 · program services $7,783,603 · management and general $5,209,616

  • 8 · Pension plan contributions

    total $852,565 · program services $455,552 · management and general $397,013

  • 9 · Other employee benefits

    total $2,464,211 · program services $1,469,770 · management and general $994,441

  • 10 · Payroll taxes

    total $1,007,883 · program services $587,292 · management and general $420,591

  • 11b · Fees: legal

    total $39,414 · management and general $39,414

  • 11c · Fees: accounting

    total $59,325 · management and general $59,325

  • 11g · Fees: other

    total $64,008,306 · program services $62,899,722 · management and general $1,108,584

  • 12 · Advertising and promotion

    total $3,124,350 · program services $1,778,168 · management and general $1,346,182

  • 13 · Office expenses

    total $67,582 · program services $36,988 · management and general $30,594

  • 14 · Information technology

    total $850,306 · program services $711,385 · management and general $138,921

  • 16 · Occupancy

    total $934,531 · program services $579,415 · management and general $355,116

  • 17 · Travel

    total $91,422 · program services $50,394 · management and general $41,028

  • 19 · Conferences, conventions and meetings

    total $113,820 · program services $64,414 · management and general $49,406

  • 20 · Interest

    total $9,971 · management and general $9,971

  • 22 · Depreciation, depletion and amortization

    total $340,254 · program services $205,088 · management and general $135,166

  • 23 · Insurance

    total $138,447 · program services $85,838 · management and general $52,609

  • 24a · Other expenses: INCENTIVES

    total $94,052,587 · program services $94,052,587

  • 24b · Other expenses: DUES, LICENSES, AND FEE

    total $269,500 · program services $198,122 · management and general $71,378

  • 24c · Other expenses: CUSTOMER SUPPORT

    total $176,612 · program services $176,612

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $8,209 · program services $8,209

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,010,300 · end of year $3,010,300

  • 2 · Savings and temporary cash investments

    beginning of year $72,465,135 · end of year $110,266,376

  • 4 · Accounts receivable

    beginning of year $3,957,122 · end of year $218,587

  • 7 · Other notes and loans receivable

    beginning of year $1,282,331 · end of year $1,282,331

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,633,036 · end of year $2,615,428

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

    $6,411,244

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

    $5,750,957

  • 10c · Land, buildings and equipment, net

    beginning of year $651,551 · end of year $660,287

  • 15 · Other assets

    beginning of year $1,739,803 · end of year $3,828,660

  • 17 · Accounts payable and accrued expenses

    beginning of year $20,308,497 · end of year $27,528,394

  • 25 · Other liabilities

    beginning of year $1,046,982 · end of year $5,043,386

  • 27 · Net assets without donor restrictions

    beginning of year $64,383,799 · end of year $89,310,189

Mission and programs · 2022

Mission

ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE.

  • EFFICIENCY PROGRAMS BRING ENERGY SAVINGS OPPORTUNITIES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS THROUGHOUT OREGON, AND TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN PARTS OF SW WASHINGTON STATE. IN 2022, ELECTRIC EFFICIENCY PROJECTS SAVED 46.8 AMW OF ELECTRICITY. GAS EFFICIENCY PROJECTS COMPLETED IN 2022 SAVED 5.9 MILLION ANNUAL THERMS OF NATURAL GAS.

    Expenses $152,386,026

  • RENEWABLES PROGRAMS BRING ENERGY GENERATION OPPORTUNITIES TO RESIDENTIAL AND BUSINESS CUSTOMERS THROUGHOUT OREGON. IN 2022, RENEWABLE ENERGY PROJECTS ACHIEVED 5.9 AMW IN NEW GENERATION.

    Expenses $18,033,094

  • THE SOLAR LMI PROGRAM PROVIDES TRAINING AND OTHER RESOURCES TO LOW AND MODERATE INCOME PARTICIPANTS THROUGH COMMUNITY BASED ORGANIZATIONS.

    Expenses $2,926

  • COMMUNITY SOLAR, PGE SMART BATTERY, NWN GEO TLM PHASE 3, NREL, SALMON, PGE SMART INVERTER, ODOE COOLING, FEMA

    Expenses $846,290 · Grants $125,177

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HENRY LORENZEN

    PRESIDENT

    Total calculated
    $0
    Hours/week
    15

  • ROLAND RISSER

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • SUSAN BRODAHL

    TREASURER

    Total calculated
    $0
    Hours/week
    9

  • ERIC HAYES

    SECRETARY

    Total calculated
    $0
    Hours/week
    7

  • ALEXIA KELLY

    BOARD MEMBER THRU 10/2022

    Total calculated
    $0
    Hours/week
    5

  • ANNE ROOT

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • ELEE JEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • ELLEN ZUCKERMAN

    BOARD MEMBER STARTING 11/2022

    Total calculated
    $0
    Hours/week
    1

  • ERIK ANDERSSON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    5

  • MELISSA CRIBBENS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    7

  • PETER THERKELSEN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • SILVIA TANNER

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    10

  • THELMA FLEMING

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    4

  • ERNESTO FONSECA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • MICHAEL COLGROVE

    EXECUTIVE DIRECTOR

    Total calculated
    $267,286
    From this org
    $231,458
    From related orgs
    $0
    Other
    $35,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $230,640
    Bonus
    $0
    Other
    $818
    Deferred
    $14,152
    Nontaxable benefits
    $21,676
    Filer's total
    $267,286

  • CHRISTOPHER DUNNING

    CHIEF FINANCIAL OFFICER

    Total calculated
    $137,780
    From this org
    $118,634
    From related orgs
    $0
    Other
    $19,146
    Hours/week
    40

  • PATI PRESNAIL

    DIRECTOR OF FINANCE

    Total calculated
    $117,830
    From this org
    $104,278
    From related orgs
    $0
    Other
    $13,552
    Hours/week
    40

  • STEVE LACEY

    DIRECTOR OF OPERATIONS

    Total calculated
    $275,903
    From this org
    $234,730
    From related orgs
    $0
    Other
    $41,173
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $233,138
    Bonus
    $0
    Other
    $1,592
    Deferred
    $14,281
    Nontaxable benefits
    $26,892
    Filer's total
    $275,903

  • DEBORAH MENASHE

    DIRECTOR OF LEGAL AND PEOP

    Total calculated
    $253,815
    From this org
    $222,087
    From related orgs
    $0
    Other
    $31,728
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $220,525
    Bonus
    $0
    Other
    $1,562
    Deferred
    $13,557
    Nontaxable benefits
    $18,171
    Filer's total
    $253,815

  • SCOTT CLARK

    IT DIRECTOR

    Total calculated
    $240,074
    From this org
    $205,690
    From related orgs
    $0
    Other
    $34,384
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,535
    Bonus
    $0
    Other
    $1,155
    Deferred
    $12,375
    Nontaxable benefits
    $22,009
    Filer's total
    $240,074

  • FRED GORDON

    DIRECTOR OF PLANNING & EVA

    Total calculated
    $235,505
    From this org
    $196,654
    From related orgs
    $0
    Other
    $38,851
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $195,097
    Bonus
    $0
    Other
    $1,557
    Deferred
    $11,998
    Nontaxable benefits
    $26,853
    Filer's total
    $235,505

  • TRACY SCOTT

    ENERGY PROGRAMS DIRECTOR

    Total calculated
    $229,262
    From this org
    $195,558
    From related orgs
    $0
    Other
    $33,704
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,480
    Bonus
    $0
    Other
    $1,078
    Deferred
    $11,832
    Nontaxable benefits
    $21,872
    Filer's total
    $229,262

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

SCHEDULE J, PART I, QUESTION 4B
ENERGY TRUST SPONSORS A NON-QUALIFIED DEFERRED COMPENSATION PLAN FOR SELECTED EMPLOYEES. INVESTMENTS ARE OWNED BY ENERGY TRUST AND MANAGED INDIVIDUALLY BY EACH PARTICIPANT. AT THE TIME AN EMPLOYER CONTRIBUTION IS MADE, THE BOARD WILL, IN ITS SOLE DISCRETION, DETERMINE WHETHER THE EMPLOYER CONTRIBUTION WILL BE INITIALLY FULLY VESTED OR WILL BECOME VESTED IN ACCORDANCE WITH VESTING TERMS DESIGNATED BY THE BOARD OF DIRECTORS. ENERGY TRUST DID NOT MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN DURING THE YEARS ENDED DECEMBER 31, 2022 OR 2021.

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

  • AFRICAN AMERICAN ALLIANCE FOR HOME OWNERSHIP INC

    $10,000

    SUPPLEMENT THE ASSISTANCE FUNDING POOL WHICH DIRECTLY SUPPORTS PROJECTS IN AAAH'S POWER TO THE PEOPLE PDX PROGRAM TO EFFECTIVELY AND AFFORDABY COMPLETE ENERGY EFFICIENCY READINESS PROJECTS.

  • ALL AGES MUSIC PORTLANDTAKING OWNERSHIP PDX

    $10,000

    COVER COSTS OF REPAIRS AND RENOVATIONS FOR BLACK HOMEOWNERS PRIORITIZING IMPROVEMENTS THAT LEAD HOMES BEING READY TO BE MORE ENERGY EFFICIENT, WARM OR COOL DEPENDING ON SEASON, SAFE AND DRY.

  • BLACK COMMUNITY OF PORTLAND

    $10,000

    DEVELOP A COMMUNITY-LED CLEAN ENERGY EDUCATION PLAN THAT WILL BE UTILIZED AS AN EDUCATIONAL TOOL FOR BIPOC COMMUNITY MEMBER.

  • COMMON CONNECTIONS

    $10,000

    REFURBISH A TRAILER THAT WAS DONATED TO COMMON CONNECTIONS TO BE USED ON PROJECT SITES THAT WILL BE WEATHERIZING HOMES.

  • COMMUNITY ENERGY PROJECT INC

    $10,000

    DEVELOP AND DELIVER A WORKSHOP AND COLLATERAL TO A COMMUNITY-BASED ORGANIZATION ON NON-WIRES SOLUTIONS.

  • GROWING GARDENS

    $10,000

    DEVELOP TRAINING FOR COMMUNITY ORGANIZERS TO HELP LOW-INCOME RESIDENTS ACHIEVE HEALTHY HOMES AND COMMUNITES.

  • UMPQUA COMMUNITY DEVELOPMENT CORPORATIONNEIGHBORWORKS UMPQUA

    $10,000

    CREATE AND SEND MAILERS WITH INFORMATION ABOUT ENERGY TRUST'S PROGRAMS TO ENCOURAGE HOMEOWNERS TO CONSIDER ECO-FRIENDLY COMPONENETS IN PLANNING HOME REPAIR PROJECTS.

  • YOUTH ORGANIZED AND UNITED TO HELP

    $10,000

    EXPAND ITS OUTREACH AND EDUCATION TO TEACH WORKSHOPS IN SCHOOLS AND ONLINE, CENTERING IN STEM AND ENERGY.

  • LATINOBUILT FOUNDATION

    $10,000

    DEVELOP GREEN BUILDING PROGRAM PILOT TO PROMOTE EXCELLENCE IN SUSTAINABLE DESIGN, CONSTRUCTION AND BUILDING OPERATION WITHIN THE LATINX COMMUNITY IN OREGON AND SW WASHINGTON.

  • NORTHWEST HOUSING ALTERNATIVES INC

    $10,000

    SUPPORT THE RESIDENT SERVICES TEAM IN PROVIDING ENERGY EFFICIENCY AND CLEAN ENERGY EDUCATION AND OUTREACH TO THE RESIDENTS LIVING IN NHA'S AFFORDABLE HOUSING PROPERTIES.

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

Provenance

Return type
form_990
Tax year
2022
Filed
18 September 2023
IRS schema version
2022v5.0
Source object
202312629349300436

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

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