Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $244,897,646

• 1f · All other contributions, gifts and grants

  $1,611,727

• 3 · Investment income

  total $4,723,253 · excluded $4,723,253

• 11a · Other revenue: CONSULTING REVENUE

  total $10,496 · excluded $10,496

• 11e · Other revenue, total

  $10,496

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $317,808 · program services $317,808

• 5 · Compensation of officers, directors and key employees

  total $562,304 · management and general $562,304

• 7 · Other salaries and wages

  total $19,059,178 · program services $11,737,060 · management and general $7,322,118

• 8 · Pension plan contributions

  total $1,236,001 · program services $681,623 · management and general $554,378

• 9 · Other employee benefits

  total $3,211,231 · program services $1,944,062 · management and general $1,267,169

• 10 · Payroll taxes

  total $1,482,132 · program services $889,520 · management and general $592,612

• 11b · Fees: legal

  total $37,875 · management and general $37,875

• 11c · Fees: accounting

  total $113,799 · management and general $113,799

• 11f · Fees: investment management

  total $102,981 · management and general $102,981

• 11g · Fees: other

  total $93,008,785 · program services $91,023,231 · management and general $1,985,554

• 12 · Advertising and promotion

  total $3,535,333 · program services $2,113,758 · management and general $1,421,575

• 13 · Office expenses

  total $102,962 · program services $59,443 · management and general $43,519

• 14 · Information technology

  total $863,772 · program services $639,175 · management and general $224,597

• 16 · Occupancy

  total $961,277 · program services $591,914 · management and general $369,363

• 17 · Travel

  total $262,328 · program services $137,083 · management and general $125,245

• 19 · Conferences, conventions and meetings

  total $374,142 · program services $169,051 · management and general $205,091

• 20 · Interest

  total $4,068 · management and general $4,068

• 22 · Depreciation, depletion and amortization

  total $288,386 · program services $205,548 · management and general $82,838

• 23 · Insurance

  total $151,362 · program services $93,196 · management and general $58,166

• 24a · Other expenses: INCENTIVES

  total $162,437,331 · program services $162,437,331

• 24b · Other expenses: CUSTOMER SUPPORT

  total $405,755 · program services $405,755

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

  total $260,723 · program services $172,530 · management and general $88,193

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $72,011 · program services $72,011

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,003,000 · end of year $3,000,000

• 2 · Savings and temporary cash investments

  beginning of year $117,484,305 · end of year $86,937,938

• 4 · Accounts receivable

  beginning of year $473,768 · end of year $823,124

• 7 · Other notes and loans receivable

  beginning of year $1,288,151 · end of year $1,288,151

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,808,010 · end of year $1,009,520

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

  $6,956,230

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

  $6,321,284

• 10c · Land, buildings and equipment, net

  beginning of year $416,632 · end of year $634,946

• 15 · Other assets

  beginning of year $3,046,638 · end of year $2,302,603

• 17 · Accounts payable and accrued expenses

  beginning of year $38,219,891 · end of year $44,039,314

• 25 · Other liabilities

  beginning of year $3,655,488 · end of year $2,925,523

• 27 · Net assets without donor restrictions

  beginning of year $86,645,125 · end of year $49,031,445

The filer's explanations (Part III)

SCHEDULE J, PART I, QUESTION 4B

ENERGY TRUST SPONSORS A NONQUALIFIED 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 OF DIRECTORS 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, 2024 OR 2023.