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Nonprofiteer
← REWIRING COMMUNITY INVESTMENT FUND INC

Form 990 for tax year 2024

Filed by REWIRING COMMUNITY INVESTMENT FUND INC.

Totals

Total revenue
$5,028,252
Total expenses
$5,028,252
Contributions and grants received
$5,028,252
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$5,028,252
Total liabilities, end of year
$5,028,252
Net assets or fund balances, end of year
$0
Program services expenses (Part IX)
$4,577,616
Management and general expenses
$450,636
Fundraising expenses
$0
Program service expenses (Part III)
$4,577,616

Program services were 91.0% 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)

    $5,028,252

Functional expenses

Part IX, the statement of functional expenses.

  • 21 · Payments to affiliates

    total $5,028,252 · program services $4,577,616 · management and general $450,636

Balance sheet

Part X, book values.

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $5,028,252

  • 25 · Other liabilities

    beginning of year $0 · end of year $5,028,252

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

REWIRING COMMUNITY INVESTMENT FUND, INC. AND ITS AFFILIATE REWIRING AMERICA, INC. ARE THE LEADING NONPROFIT WORKING TO SAVE EVERY AMERICAN MONEY ON THEIR ENERGY COSTS THROUGH HOUSEHOLD ENERGY EFFICIENCY AND SIMPLE UPGRADES TO MODERN APPLIANCES FROM OLD AND WASTEFUL ONES.RCIF IS DEDICATED TO DELIVERING LOWER HOUSEHOLD ENERGY BILLS, LOCAL JOBS THAT CANNOT BE AUTOMATED OR OFFSHORED, AND GREATER WEALTH FOR AMERICAN COMMUNITIES VIA THE LOW-COST INSTALLATION OF BETTER AND MORE EFFICIENT ELECTRIC MACHINES IN AMERICAN HOMES.

Activities or mission (Part I)

REWIRING COMMUNITY INVESTMENT FUND, INC. AND ITS AFFILIATE REWIRING AMERICA, INC. ARE THE LEADING NONPROFIT WORKING TO SAVE EVERY AMERICAN MONEY ON THEIR ENERGY COSTS THROUGH HOUSEHOLD ENERGY EFFICIENCY AND SIMPLE UPGRADES TO MODERN APPLIANCES FROM OLD AND WASTEFUL ONES. RCIF IS DEDICATED TO DELIVERING LOWER HOUSEHOLD ENERGY BILLS, LOCAL JOBS THAT CANNOT BE AUTOMATED OR OFFSHORED, AND GREATER WEALTH FOR AMERICAN COMMUNITIES VIA THE LOW-COST INSTALLATION OF BETTER AND MORE EFFICIENT ELECTRIC MACHINES IN AMERICAN HOMES.

  • REWIRING COMMUNITY INVESTMENT FUND, INC. AND ITS AFFILIATE REWIRING AMERICA, INC. (RAI) ADVANCED THEIR MISSION TO LOWER AMERICAN'S ENERGY COSTS BY ACCELERATING ENERGY EFFICIENCY UPGRADES AND EXPANDING CONSUMER EDUCATION AND RESOURCES TO SUPPORT HOUSEHOLDS LOOKING TO PURSUE THOSE IMPROVEMENTS; STRENGTHENING PARTNERSHIPS AND COLLABORATION WITH NATIONAL, REGIONAL, AND LOCAL COMMUNITY-BASED ORGANIZATIONS; AND DEVELOPING PROGRAMS AND INITIATIVES WITH MANUFACTURERS, DISTRIBUTORS, AND LOCAL CONTRACTORS AND INSTALLERS TO HELP LOWER UPFRONT COSTS AND ENERGY BILLS FOR HOUSEHOLDS. DEVELOPED CONSUMER EDUCATION TOOLS AND RESOURCESTHE ORGANIZATION AND ITS AFFILIATE RAI PRODUCED DIGITAL TOOLS LEVERAGED BY OVER 200,000 HOUSEHOLD USERS, ENABLING HOMEOWNERS TO PLAN FOR ENERGY EFFICIENCY UPGRADES WHILE TAKING ADVANTAGE OF AVAILABLE PUBLIC COST-REDUCTION INCENTIVES AND REBATES. THOSE TOOLS INCLUDED AN INCENTIVE CALCULATOR, A PERSONAL PLANNER TOOL, AND A SAVINGS IDENTIFICATION TOOL. THE ORGANIZATION AND ITS AFFILIATE RAI LAUNCHED CONSUMER ENGAGEMENT CAMPAIGNS TO CONNECT RESIDENTS WITH THESE TOOLS, AND ADMINISTERED NATIONALLY-AVAILABLE EDUCATION AND TRAINING THROUGH WHY ELECTRIFY COURSES AND WORKSHOPS. STRENGTHENED COMMUNITY-BASED PARTNERSHIPS THE ORGANIZATION AND ITS AFFILIATE RAI DELIVERED THE COACHES PROGRAM, A FREE, FOUR-WEEK TRAINING AND HOME ENERGY EFFICIENCY UPGRADE PROGRAM. THE ORGANIZATION TRAINED 990 COACHES AND ENABLED THE CREATION OF PEER COACHING GROUPS.LAUNCHED PRIVATE SECTOR PARTNERSHIPS TO LOWER COSTS THE ORGANIZATION AND ITS AFFILIATE RAI ISSUED RFPS AND NEGOTIATED PARTNERSHIPS WITH BOTH ORIGINAL EQUIPMENT MANUFACTURERS TO LOWER EQUIPMENT AND LABOR COSTS, AND WITH FINANCIAL INSTITUTIONS TO DESIGN LENDING PROGRAMS TO MAKE UPGRADES MORE AFFORDABLE FOR AMERICAN HOUSEHOLDS.

    Expenses $4,577,616

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ari Matusiak

    FOUNDER, PRESIDENT, CEO

    Total calculated
    $519,172
    From this org
    $0
    From related orgs
    $482,545
    Other
    $36,627
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $320,908 related
    Bonus
    $0 + $150,000 related
    Other
    $0 + $11,637 related
    Deferred
    $0 + $20,781 related
    Nontaxable benefits
    $0 + $15,846 related
    Filer's total
    $0 + $519,172 related

  • Alexander Laskey

    FOUNDER, CHAIR

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

  • Marjan Mashhadi

    SECRETARY (PARTIAL YEAR)

    Total calculated
    $163,947
    From this org
    $0
    From related orgs
    $139,195
    Other
    $24,752
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $139,195 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $8,906 related
    Nontaxable benefits
    $0 + $15,846 related
    Filer's total
    $0 + $163,947 related

  • Cammie Croft

    SECRETARY (PARTIAL YEAR)

    Total calculated
    $167,282
    From this org
    $0
    From related orgs
    $142,530
    Other
    $24,752
    Hours/week
    0.5 + 39.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $132,391 related
    Bonus
    $0
    Other
    $0 + $10,139 related
    Deferred
    $0 + $8,906 related
    Nontaxable benefits
    $0 + $15,846 related
    Filer's total
    $0 + $167,282 related

  • Tony Curnes

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5 + 1.5 related

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

The filer's explanations (Part III)

PART I, LINE 3
COMPENSATION WAS PAID BY REWIRING AMERICA, INC., A TAX EXEMPT RELATED ORGANIZATION. THE ORGANIZATION USED A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORMS 990 FROM OTHER ORGANIZATIONS, AND APPROVAL BY A BOARD/COMPENSATION COMMITTEE TO ESTABLISH THE COMPENSATION FOR THE TOP MANAGEMENT OFFICIAL.

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503189349311395

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