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Nonprofiteer
← CITIZENS ENERGY CORP

Form 990 for tax year 2023

Filed by CITIZENS ENERGY CORP.

Totals

Total revenue
$2,652,163
Total expenses
$4,804,872
Contributions and grants received
$2,020,743
Grants paid
$3,231,671
Program service revenue
$0
Investment income
$355,141
Other revenue
$276,279
Total assets, end of year
$113,286,893
Total liabilities, end of year
$643,390
Net assets or fund balances, end of year
$112,643,503
Program services expenses (Part IX)
$4,057,092
Management and general expenses
$747,780
Fundraising expenses
$0
Program service expenses (Part III)
$4,057,092

Program services were 84.4% 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.

  • 1d · Related organizations

    $2,010,743

  • 1f · All other contributions, gifts and grants

    $10,000

  • 3 · Investment income

    total $467,609 · unrelated business -$79 · excluded $467,688

  • 7b · Less cost or other basis and sales expenses

    securities $112,468

  • 7c · Gain or loss

    securities -$112,468

  • 7d · Net gain or loss

    total -$112,468 · excluded -$112,468

  • 10a · Gross sales of inventory

    $139,817

  • 10b · Cost of goods sold

    $49,817

  • 10c · Net income from sales of inventory

    total $90,000 · excluded $90,000

  • 11a · Other revenue: SKYCITIZENS

    total $186,279 · related or exempt $186,279

  • 11e · Other revenue, total

    $186,279

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,560,500 · program services $1,560,500

  • 2 · Grants to domestic individuals

    total $1,671,171 · program services $1,671,171

  • 5 · Compensation of officers, directors and key employees

    total $116,280 · management and general $116,280

  • 7 · Other salaries and wages

    total $523,772 · program services $340,503 · management and general $183,269

  • 8 · Pension plan contributions

    total $27,851 · management and general $27,851

  • 9 · Other employee benefits

    total $237,658 · program services $137,136 · management and general $100,522

  • 10 · Payroll taxes

    total $7,434 · management and general $7,434

  • 11b · Fees: legal

    total $9,274 · management and general $9,274

  • 11c · Fees: accounting

    total $160,000 · management and general $160,000

  • 11g · Fees: other

    total $9,314 · management and general $9,314

  • 12 · Advertising and promotion

    total $36,709 · program services $28,862 · management and general $7,847

  • 13 · Office expenses

    total $242,025 · program services $229,118 · management and general $12,907

  • 14 · Information technology

    total $27,228 · management and general $27,228

  • 16 · Occupancy

    total $130,976 · program services $86,792 · management and general $44,184

  • 17 · Travel

    total $4,097 · program services $3,010 · management and general $1,087

  • 23 · Insurance

    total $40,064 · management and general $40,064

  • 24a · Other expenses: MISCELLANEOUS

    total $519 · management and general $519

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $3,336,094 · end of year $2,438,481

  • 4 · Accounts receivable

    beginning of year $169,047 · end of year $179,047

  • 9 · Prepaid expenses and deferred charges

    beginning of year $117,195 · end of year $148,031

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $14,685,812 · end of year $18,165,872

  • 15 · Other assets

    beginning of year $94,072,422 · end of year $92,355,462

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,067,322 · end of year $643,390

  • 27 · Net assets without donor restrictions

    beginning of year $108,026,873 · end of year $110,324,751

  • 28 · Net assets with donor restrictions

    beginning of year $3,286,375 · end of year $2,318,752

Mission and programs · 2023

Mission

CITIZENS ENERGY CORPORATION PROVIDES LOW COST ENERGY SERVICES TO LOW-INCOME FAMILIES IN THE U.S. BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS.

Activities or mission (Part I)

SEE SCHEDULE OCITIZENS ENERGY CORPORATION PROVIDES LOW-COST ENERGY SERVICES TO LOW-INCOME FAMILIES IN THE U.S. BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS. CITIZENS ENERGY CORPORATION EXISTS TO HELP MAKE LIFE'S BASIC NEEDS MORE ACCESSIBLE AND AFFORDABLE. BEGINNING IN 1979 WITH OIL-TRADING VENTURES IN LATIN AMERICA AND AFRICA, CITIZENS ENERGY CORPORATION HAS USED REVENUES FROM COMMERCIAL ENTERPRISES TO CHANNEL HUNDREDS OF MILLIONS OF DOLLARS INTO CHARITABLE PROGRAMS IN THE UNITED STATES AND ABROAD. WHETHER HEATING THE HOMES OF THE ELDERLY AND POOR IN MASSACHUSETTS, LOWERING THE COST OF PRESCRIPTION DRUGS FOR MILLIONS OF AMERICANS, STARTING SOLAR HEATING PROJECTS IN JAMAICA AND VENEZUELA, OR PROVIDING LOW-COST SOLAR ELECTRICITY TO LOW-INCOME FAMILIES THROUGH OUR COMMUNITY SOLAR PROJECTS, CITIZENS ENERGY CORPORATION CREATES SOCIAL VENTURES AS INNOVATIVE AS THE BUSINESSES THAT FINANCE THEM.

  • CITIZENS PROVIDES DEEPLY DISCOUNTED ELECTRICITY CREDITS TO APPROXIMATELY 12,000 LOW-INCOME RATEPAYERS IN THE IMPERIAL IRRIGATION DISTRICT (IID), FROM ITS 39-MEGAWATT LOW-INCOME COMMUNITY SOLAR PROJECT CITIZENS IMPERIAL SOLAR, LLC COMMISSIONED IN 2019. A COMBINATION OF FREE ELECTRICITY FUNDED FROM CITIZENS SUNRISE TRANSMISSION LLC (CST) AND LOW-COST WHOLESALE ELECTRICITY SOLD DIRECTLY TO IID PROVIDES APPROXIMATELY $4.2 MILLION OF ELECTRICITY SAVINGS PER YEAR TO NEEDY RATEPAYERS STRUGGLING TO STAY COOL IN THE REGION'S 115-DEGREE HEAT.

    Expenses $1,544,827 · Grants $1,544,249 · Revenue $186,279

  • IN 2019, CITIZENS BEGAN A PROGRAM TO PROVIDE INCREASED ACCESS TO THE BENEFITS OF ELECTRIC VEHICLE (EV) TRANSPORTATION TO DISADVANTAGED COMMUNITIES IN SAN DIEGO COUNTY BY PROVIDING FUNDING TO PURCHASE EV'S TO NON-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO LOW-INCOME FAMILIES. FUNDING FOR THIS PROGRAM COMES FROM CITIZENS SYCAMORE-PENASQUITOS TRANSMISSION, LLC (CSPT). IN 2023, THIS PROGRAM FUNDED GRANTS TO PROVIDE EV VANS AND THE ASSOCIATED CHARGING INFRASTRUCTURE TO TWO CRITICALLY IMPORTANT NON-PROFIT ORGANIZATIONS: NEIGHBORHOOD HOUSE ASSOCIATION (HTTPS://WWW.NEIGHBORHOODHOUSE.ORG/), AND MEALS ON WHEELS OF SAN DIEGO COUNTY (WWW.MEALS-ON-WHEELS.ORG).

    Expenses $832,044 · Grants $832,044

  • CITIZENS ENERGY SHELTER WINTER ASSISTANCE PROGRAM: SINCE 1984, CITIZENS ENERGY HAS CONTRIBUTED GRANTS TO OVER 125 HOMELESS SHELTERS IN MASSACHUSETTS AND RHODE ISLAND TO COVER THEIR ENERGY COSTS DURING THE WINTER SEASON.

    Expenses $250,000 · Grants $250,000

  • UNRESTRICTED DONATIONS MADE TO NON-PROFITSRELATED OF $391,606 AND INCLUDING GRANTS OF $391,606NATURAL GAS ASSISTANCE FUND:RELATED OF $86,850 AND INCLUDING GRANTS OF $86,850DURING 1984, CITIZENS ENERGY CORPORATION BEGAN A NATURAL GAS ASSISTANCE PROGRAM FOR THE PURPOSE OF PROVIDING THE BENEFIT OF LOWER-COST NATURAL GAS TO LOW-INCOME & ELDERLY PEOPLE THROUGHOUT THE UNITED STATES AND HEATING ASSISTANCE FOR HOMELESS SHELTERS. THE ASSISTANCE FUND IS ADMINISTERED BY LOCAL SOCIAL SERVICES AGENCIES WITHIN THEIR AREA TO PROVIDE GRANTS TO NEEDY USERS.OTHER PROGRAMS NOTE:IN 2019, CITIZENS LAUNCHED ITS "JOE-4-SUN" LOW-INCOME COMMUNITY SOLAR PROGRAM. THE PROGRAM PROVIDES RETAIL ELECTRICITY BILL CREDITS AT A 50% DISCOUNT TO MORE THAN 2,500 INCOME-QUALIFIED NEEDY FAMILIES ACROSS MASSACHUSETTS AND NEW YORK, SAVING EACH FAMILY APPROXIMATELY $300 PER YEAR. THE BILL CREDITS ORIGINATE FROM SOLAR PROJECTS DEVELOPED, BUILT, OWNED, AND OPERATED BY CITIZENS ENTERPRISES' SUBSIDIARIES. JOE-4-SUN PROVIDES APPROXIMATELY $600,000 PER YEAR OF ELECTRICITY SAVINGS TO LOW-INCOME FAMILIES.IN ADDITION TO THE JOE-4-SUN LOW-INCOME COMMUNITY SOLAR PROGRAM, CITIZENS ALSO PROVIDES APPROXIMATELY $1.8 MILLION/YEAR OF ELECTRICITY SAVINGS TO MUNICIPALITIES, COLLEGES, AND NON-PROFIT ORGANIZATIONS FROM BILL CREDITS GENERATED FROM ITS SOLAR PROJECTS. DURING 2023, CITIZENS INCURRED $824,843 IN EXPENSES FOR OUTREACH, MARKETING, AND CUSTOMER SERVICE RELATED TO ADMINISTERING THE JOE-4-SUN PROGRAM.IN 2023, CITIZENS, IN PARTNERSHIP WITH VINEYARD WIND, BEGAN A PROGRAM TO PURCHASE NET METERING OR SOLAR BILL CREDITS ON BEHALF OF LOW-INCOME RATEPAYERS WHO LIVE IN COASTAL AREAS IMPACTED BY THE VINEYARD WIND OFFSHORE WIND PROJECT. PURCHASING THE BILL CREDITS FOR THESE HOUSEHOLDS FURTHER REDUCES THEIR MONTHLY ELECTRIC BILLS, BEYOND THE INITIAL SAVINGS FROM THE DISCOUNTED BILL CREDITS.. DURING 2023, CITIZENS SPENT $126,922 TO REDUCE 191 LOW-INCOME HOUSEHOLD'S ENERGY BILLS.

    Expenses $1,430,221 · Grants $605,378

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

Listed in Part VII

  • Peter F Smith

    CEO

    Total calculated
    $1,075,661
    From this org
    $42,431
    From related orgs
    $885,511
    Other
    $147,719
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $42,431 + $381,878 related
    Bonus
    $0 + $500,000 related
    Other
    $0 + $3,633 related
    Deferred
    $1,650 + $106,035 related
    Nontaxable benefits
    $4,003 + $36,031 related
    Filer's total
    $48,084 + $1,027,577 related

  • Ernest J Panos

    CFO

    Total calculated
    $683,528
    From this org
    $33,901
    From related orgs
    $595,869
    Other
    $53,758
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $33,901 + $305,109 related
    Bonus
    $0 + $287,000 related
    Other
    $0 + $3,760 related
    Deferred
    $1,650 + $14,850 related
    Nontaxable benefits
    $3,726 + $33,532 related
    Filer's total
    $39,277 + $644,251 related

  • Joseph P Kennedy III

    PRESIDENT

    Total calculated
    $457,443
    From this org
    $22,784
    From related orgs
    $396,058
    Other
    $38,601
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $22,784 + $205,058 related
    Bonus
    $0 + $191,000 related
    Other
    $0
    Deferred
    $330 + $2,970 related
    Nontaxable benefits
    $3,530 + $31,771 related
    Filer's total
    $26,644 + $430,799 related

  • Joseph P Kennedy II

    CHAIRMAN

    Total calculated
    $422,315
    From this org
    $0
    From related orgs
    $393,492
    Other
    $28,823
    Hours/week
    1 + 19 related

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $393,492 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,823 related
    Filer's total
    $0 + $422,315 related

  • Timothy J Minogue

    CONTROLLER

    Total calculated
    $346,977
    From this org
    $38,762
    From related orgs
    $258,287
    Other
    $49,928
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $38,762 + $116,287 related
    Bonus
    $0 + $142,000 related
    Other
    $0
    Deferred
    $3,726 + $11,177 related
    Nontaxable benefits
    $8,756 + $26,269 related
    Filer's total
    $51,244 + $295,733 related

  • Brian O'Connor

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $305,246
    From this org
    $80,736
    From related orgs
    $180,736
    Other
    $43,774
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $80,736 + $80,736 related
    Bonus
    $0 + $100,000 related
    Other
    $0
    Deferred
    $6,537 + $6,537 related
    Nontaxable benefits
    $15,350 + $15,350 related
    Filer's total
    $102,623 + $202,623 related

  • Kristina Perez

    DIRECTOR OF CHARITABLE PRO

    Total calculated
    $196,414
    From this org
    $162,460
    From related orgs
    $0
    Other
    $33,954
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $104,960
    Bonus
    $57,500
    Other
    $0
    Deferred
    $8,275
    Nontaxable benefits
    $25,679
    Filer's total
    $196,414

  • Ginette Trask

    EXEC. ASSIST TO CHAIR, CEO

    Total calculated
    $166,988
    From this org
    $20,781
    From related orgs
    $114,844
    Other
    $31,363
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $20,781 + $62,344 related
    Bonus
    $0 + $52,500 related
    Other
    $0
    Deferred
    $1,400 + $4,200 related
    Nontaxable benefits
    $6,441 + $19,322 related
    Filer's total
    $28,622 + $138,366 related

  • Elizabeth Kennedy

    DIRECTOR OF MARKETING, RET

    Total calculated
    $143,776
    From this org
    $0
    From related orgs
    $143,776
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $0 + $143,776 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $143,776 related

  • Randy Greene

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Patrick Jones

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Evelyn Murphy

    DIRECTOR

    Total calculated
    $2,000
    From this org
    $2,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

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

  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "SERP") JOSEPH P. KENNEDY II (FOUNDER, CHAIRMAN OF THE BOARD), PETER F. SMITH (CEO), AND ELIZABETH KENNEDY (DIRECTOR OF MARKETING) PARTICIPATE IN A SERP ADOPTED BY THE BOARD OF DIRECTORS IN 2011. THE PLAN WAS DESIGNED IN CONSULTATION WITH THE SAME INDEPENDENT HUMAN RESOURCES CONSULTING FIRM THAT CONDUCTS CITIZENS' ANNUAL OFFICER COMPENSATION REASONABLENESS REVIEWS. UPON REACHING RETIREMENT AGE, THE PLAN'S ANNUAL BENEFIT PROVIDES A PERCENTAGE OF FINAL-AVERAGE-PAY BASED ON THE EXECUTIVE'S YEARS OF SERVICE, WITH A MAXIMUM OF 60%. ALL BENEFITS PAID UNDER THE SERP ARE FUNDED FROM A RELATED ORGANIZATION, CITIZENS' WHOLLY-OWNED FOR-PROFIT SUBSIDIARY, CITIZENS ENTERPRISES. BOTH MR. AND MRS. KENNEDY RECEIVED BENEFITS UNDER THE SERP IN 2023, AND THOSE AMOUNTS ARE REFLECTED IN PART VII, SECTION A, COLUMN [E], AND SCHEDULE J, PART II, COLUMN [B III]. FURTHER,THE FOLLOWING AMOUNTS HAVE BEEN INCLUDED IN RETIREMENT AND OTHER DEFERRED COMPENSATION REPORTED IN PART II, COLUMN C. THESE AMOUNTS, WHEN VESTED AT RETIREMENT AGE, WILL BE PAID BY A RELATED PARTY. PETER SMITH $91,185
PART I, LINE 7
KRISTINA PEREZ RECEIVED A DISCRETIONARY, PERFORMANCE-BASED BONUS PAYMENT OF $57,500 FROM CITIZENS ENERGY CORPORATION.

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

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CITISUNS V LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS V MEMBER LLC

  • CITISUNS VI LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS VI MEMBER LLC

  • CITISUNS VII LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS VII MEMBER LLC

  • CITISUNS VIII LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS VIII MEMBER LLC

  • CITISUNS IX LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS IX MEMBER LLC

  • CITISUNS X LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS X MEMBER

  • CITISUNS XI MEMBER LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

  • CITISUNS XI LLC

    RELATED · SOLAR DEVELOPMENT · MA · 100% owned · general or managing partner

    Directly controlled by CITISUNS XI MEMBER

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • CITIZENS ENTERPRISES CORPORATION

    C · INVESTMENT IN OTHER ENTITIES · MA · 100% owned · share of income -$911,625 · share of assets $161,797,526 · controlled entity

    Directly controlled by CITIZENS ENERGY CORPORATION

  • CITISUNS I MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS II MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS III MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS IV MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS V MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS VI MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS VII MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS VIII MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS IX MEMBER LLC

    C · SOLAR DEVELOPMENT · MA · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

  • CITISUNS X MEMBER LLC

    C · SOLAR DEVELOPMENT · DE · 100% owned · controlled entity

    Directly controlled by CITIZENS ENTERPRISES CORPORATION

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202433209349312243

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