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Nonprofiteer
← SOLAR AND ENERGY LOAN FUND OF ST LUCIE COUNTY INC

Form 990 for tax year 2022

Filed by SOLAR AND ENERGY LOAN FUND OF ST LUCIE COUNTY INC.

Totals

Total revenue
$3,973,742
Total expenses
$3,446,434
Contributions and grants received
$2,556,045
Grants paid
$0
Program service revenue
$481,661
Investment income
$887,802
Other revenue
$48,234
Total assets, end of year
$22,664,434
Total liabilities, end of year
$12,736,971
Net assets or fund balances, end of year
$9,927,463
Program services expenses (Part IX)
$3,034,565
Management and general expenses
$384,410
Fundraising expenses
$27,459
Program service expenses (Part III)
$3,034,565

Program services were 88.0% 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.

  • 1f · All other contributions, gifts and grants

    $2,556,045

  • 1g · Noncash contributions included above

    $107,500

  • 2a · Program service revenue: APPLICATION & PROCESSING FEES

    total $346,661 · related or exempt $346,661

  • 2b · Program service revenue: CONTRACT REVENUE

    total $135,000 · related or exempt $135,000

  • 3 · Investment income

    total $887,802 · related or exempt $887,802

  • 11a · Other revenue: OTHER REVENUE

    total $48,234 · related or exempt $48,234

  • 11e · Other revenue, total

    $48,234

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $263,264 · program services $223,775 · management and general $36,856 · fundraising $2,633

  • 7 · Other salaries and wages

    total $1,108,093 · program services $941,879 · management and general $155,133 · fundraising $11,081

  • 9 · Other employee benefits

    total $165,767 · program services $140,902 · management and general $23,207 · fundraising $1,658

  • 10 · Payroll taxes

    total $111,815 · program services $95,043 · management and general $15,654 · fundraising $1,118

  • 11b · Fees: legal

    total $38,953 · program services $33,110 · management and general $5,453 · fundraising $390

  • 11c · Fees: accounting

    total $22,825 · program services $19,401 · management and general $3,196 · fundraising $228

  • 11g · Fees: other

    total $129,703 · program services $110,248 · management and general $18,158 · fundraising $1,297

  • 12 · Advertising and promotion

    total $150,216 · program services $127,684 · management and general $21,030 · fundraising $1,502

  • 13 · Office expenses

    total $54,649 · program services $46,452 · management and general $7,651 · fundraising $546

  • 16 · Occupancy

    total $33,050 · program services $28,092 · management and general $4,627 · fundraising $331

  • 17 · Travel

    total $92,257 · program services $78,418 · management and general $12,916 · fundraising $923

  • 20 · Interest

    total $351,530 · program services $298,801 · management and general $49,214 · fundraising $3,515

  • 22 · Depreciation, depletion and amortization

    total $15,773 · program services $13,407 · management and general $2,208 · fundraising $158

  • 23 · Insurance

    total $3,035 · program services $2,580 · management and general $425 · fundraising $30

  • 24a · Other expenses: PROGRAM EXPENSE

    total $424,750 · program services $424,750

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $257,127 · program services $257,127

  • 24c · Other expenses: MISCELLANEOUS

    total $83,307 · program services $70,811 · management and general $11,663 · fundraising $833

  • 24d · Other expenses: BANK CHARGES

    total $48,003 · program services $40,803 · management and general $6,720 · fundraising $480

  • 24e · All other expenses

    total $92,317 · program services $81,282 · management and general $10,299 · fundraising $736

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,373,681 · end of year $6,078,314

  • 2 · Savings and temporary cash investments

    beginning of year $2,669 · end of year $2,669

  • 4 · Accounts receivable

    beginning of year $152,374 · end of year $110,408

  • 7 · Other notes and loans receivable

    beginning of year $14,478,842 · end of year $16,078,616

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,271 · end of year $3,317

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

    $367,557

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

    $93,202

  • 10c · Land, buildings and equipment, net

    beginning of year $264,752 · end of year $274,355

  • 13 · Investments: program-related

    beginning of year $88,189 · end of year $70,391

  • 14 · Intangible assets

    beginning of year $21,928 · end of year $46,364

  • 15 · Other assets

    beginning of year $2,000,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $872,947 · end of year $776,437

  • 24 · Unsecured notes and loans payable

    beginning of year $9,670,574 · end of year $11,475,292

  • 25 · Other liabilities

    beginning of year $441,030 · end of year $485,242

  • 27 · Net assets without donor restrictions

    beginning of year $6,853,117 · end of year $6,573,738

  • 28 · Net assets with donor restrictions

    beginning of year $2,547,038 · end of year $3,353,725

Mission and programs · 2022

Mission

TO HELP REBUILD AND EMPOWER UNDERSERVED COMMUNITIES BY PROVIDING ACCESS TO AFFORDABLE AND INNOVATIVE FINANCING FOR SUSTAINABLE PROPERTY IMPROVEMENTS INCLUDING: ENERGY EFFICIENCY; RENEWABLE ENERGY; WIND-HAZARD MITIGATION; AND WATER CONSERVATION.

Activities or mission (Part I)

ENHANCE CONSUMER ACCESS TO CLEAN ENERGY TECHNOLOGIES BY PROVIDING ENERGY EXPERTISE, PROVIDING FAVORABLE FINANCING OPTIONS, STIMULATING ECONOMIC PROSPERITY, SERVING UNDERSERVED AREAS AND FACILITATING EDUCATIONAL AWARENESS.

  • ENERGY LOANS TO INDIVIDUALS TO ENHANCE THE ENERGY EFFICIENCY OF THEIR HOMES.

    Expenses $3,034,565 · Revenue $1,417,697

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

Listed in Part VII

  • Doug Coward

    FOUNDER

    Total calculated
    $165,307
    From this org
    $130,382
    From related orgs
    $0
    Other
    $34,925
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,382
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    $34,925
    Filer's total
    $165,307

  • Duanne Andrade

    EXECUTIVE DI

    Total calculated
    $132,882
    From this org
    $132,882
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Susan Glickman

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kyle Abney

    PAST PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Bob Cambric

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Thomas Cooper

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Scott McCracken

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Fran Ross

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

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.

Provenance

Return type
form_990
Tax year
2022
Filed
28 April 2024
IRS schema version
2022v5.0
Source object
202431219349301768

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