Skip to content
Nonprofiteer
← SUSTAINABLE ENERGY UTILITY INC

Form 990 for tax year 2022

Filed by SUSTAINABLE ENERGY UTILITY INC.

Totals

Total revenue
$35,802,665
Total expenses
$33,792,966
Contributions and grants received
$24,208,658
Grants paid
$12,135,108
Program service revenue
$9,666,071
Investment income
$1,916,195
Other revenue
$11,741
Total assets, end of year
$148,322,996
Total liabilities, end of year
$63,473,141
Net assets or fund balances, end of year
$84,849,855
Program services expenses (Part IX)
$32,224,385
Management and general expenses
$1,568,581
Fundraising expenses
$0
Program service expenses (Part III)
$32,224,385

Program services were 95.4% 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.

  • 1e · Government grants (contributions)

    $24,208,658

  • 2a · Program service revenue: PROGRAM SERVICE REVENUE

    total $9,666,071 · related or exempt $9,666,071

  • 3 · Investment income

    total $1,916,195 · related or exempt $1,916,195

  • 11a · Other revenue: LOAN LATE FEES

    total $11,741 · excluded $11,741

  • 11e · Other revenue, total

    $11,741

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,135,108 · program services $12,135,108

  • 5 · Compensation of officers, directors and key employees

    total $155,606 · management and general $155,606

  • 7 · Other salaries and wages

    total $611,937 · management and general $611,937

  • 8 · Pension plan contributions

    total $49,263 · management and general $49,263

  • 9 · Other employee benefits

    total $46,307 · management and general $46,307

  • 10 · Payroll taxes

    total $55,251 · management and general $55,251

  • 11a · Fees: management

    total $326,789 · management and general $326,789

  • 11b · Fees: legal

    total $118,989 · management and general $118,989

  • 11c · Fees: accounting

    total $74,873 · management and general $74,873

  • 11f · Fees: investment management

    total $18,382 · program services $5,882 · management and general $12,500

  • 11g · Fees: other

    total $10,759,452 · program services $10,759,452

  • 12 · Advertising and promotion

    total $314,139 · program services $308,598 · management and general $5,541

  • 13 · Office expenses

    total $19,851 · management and general $19,851

  • 16 · Occupancy

    total $70,818 · management and general $70,818

  • 17 · Travel

    total $14,141 · program services $14,141

  • 20 · Interest

    total $1,615,166 · program services $1,615,166

  • 22 · Depreciation, depletion and amortization

    total $19,022 · program services $19,022

  • 23 · Insurance

    total $20,856 · management and general $20,856

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $4,059,014 · program services $4,059,014

  • 24b · Other expenses: LOSS ON SREC SALES

    total $2,962,165 · program services $2,962,165

  • 24c · Other expenses: SREC SALE EXPENSES

    total $155,000 · program services $155,000

  • 24d · Other expenses: BANK CHARGES

    total $83,257 · program services $83,257

  • 24e · All other expenses

    total $107,580 · program services $107,580

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,071,204 · end of year $1,847,484

  • 2 · Savings and temporary cash investments

    beginning of year $37,442,311 · end of year $36,218,027

  • 3 · Pledges and grants receivable

    beginning of year $70,203,872 · end of year $66,283,910

  • 7 · Other notes and loans receivable

    beginning of year $35,949,491 · end of year $42,557,258

  • 8 · Inventories for sale or use

    beginning of year $38,024

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,367,005 · end of year $442,865

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

    $139,864

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

    $41,135

  • 10c · Land, buildings and equipment, net

    beginning of year $147 · end of year $98,729

  • 15 · Other assets

    beginning of year $933,788 · end of year $874,723

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,979,915 · end of year $2,316,099

  • 19 · Deferred revenue

    beginning of year $391,833 · end of year $365,936

  • 20 · Tax-exempt bond liabilities

    beginning of year $63,765,000 · end of year $59,845,000

  • 24 · Unsecured notes and loans payable

    beginning of year $1,028,938 · end of year $946,106

  • 27 · Net assets without donor restrictions

    beginning of year $82,726,756 · end of year $84,736,455

  • 28 · Net assets with donor restrictions

    beginning of year $113,400 · end of year $113,400

Mission and programs · 2022

Mission

TO SERVE THE SUSTAINABLE ENERGY NEEDS OF ALL DELAWARE ENERGY CONSUMERS USING ALL FUELS.

  • TO OFFER RENEWABLE AND ENERGY-EFFICIENT PROGRAMS THAT HELP DELAWAREANS REDUCE THEIR CARBON FOOTPRINT.

    Expenses $32,224,385 · Grants $12,135,108 · Revenue $9,666,071

  • TO SERVE THE SUSTAINABLE ENERGY NEEDS OF ALL DELAWARE ENERGY CONSUMERS

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

Listed in Part VII

  • Senator Harris B McDowell III

    CO-FOUNDER/C

    Total calculated
    $0

  • Kristopher E Knight

    TREASURER/SE

    Total calculated
    $0

  • Michael J Chajes PhD

    BOARD MEMBER

    Total calculated
    $0

  • W Charles Paradee III

    BOARD MEMBER

    Total calculated
    $0

  • Sean Finnigan

    BOARD MEMBER

    Total calculated
    $0

  • Shawn M Garvin

    BOARD MEMBER

    Total calculated
    $0

  • Stephanie L Hansen

    BOARD MEMBER

    Total calculated
    $0

  • Richard I G Jones Jr

    CO-CHAIR

    Total calculated
    $0

  • Ric Moore

    BOARD MEMBER

    Total calculated
    $0

  • Dr John Byrne

    BOARD MEMBER

    Total calculated
    $0

  • Ruth Price

    BOARD MEMBER

    Total calculated
    $0

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.

Grants on this return

  • FRANKLIN ENERGY SERVICES LLC

    $6,470,000

  • HELP INITIATIVE INC

    $2,091,733

  • NEW ECOLOGY INC

    $600,379

  • HABITAT FOR HUMANITY - NEW CASTLE

    $354,150

  • HABITAT FOR HUMANITY - SUSSEX

    $297,334

  • ARCA RECYCLING INC

    $250,000

  • CITY OF NEWARK

    $234,873

  • MILFORD HOUSING DEVELOPMENT CORP

    $200,000

  • ENSAVE INC

    $180,558

  • SUSTAINABLE REAL ESTATE SOLUTIONS

    $159,409

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

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.

  • STATE OF DELAWARE

    STATE GOV · DE

Provenance

Return type
form_990
Tax year
2022
Filed
15 December 2023
IRS schema version
2022v5.0
Source object
202313549349300021

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

The source document this was parsed from is served over the API, which is where bulk and document access live.