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← WEST PENN POWER SUSTAINABLE ENERGY FUND

Form 990 for tax year 2022

Filed by WEST PENN POWER SUSTAINABLE ENERGY FUND.

Totals

Total revenue
$830,717
Total expenses
$1,183,123
Contributions and grants received
$23,027
Grants paid
$434,619
Program service revenue
$98,197
Investment income
$705,303
Other revenue
$4,190
Total assets, end of year
$31,470,481
Total liabilities, end of year
$1,753,593
Net assets or fund balances, end of year
$29,716,888
Program services expenses (Part IX)
$812,837
Management and general expenses
$370,286
Fundraising expenses
$0
Program service expenses (Part III)
$812,837

Program services were 68.7% 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)

    $23,027

  • 2a · Program service revenue: LOAN INCOME

    total $84,234 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: NONCOMPLIANCE INCOME

    total $13,963 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $420,938 · unrelated business $0 · excluded $420,938

  • 6a · Gross rents

    real property $9,073

  • 6b · Less rental expenses

    real property $5,398

  • 6c · Rental income or loss

    real property $3,675

  • 6d · Net rental income or loss

    total $3,675 · related or exempt $3,675

  • 7a · Gross sales of assets other than inventory

    securities $18,018,863

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

    securities $17,734,498

  • 7c · Gain or loss

    securities $284,365

  • 7d · Net gain or loss

    total $284,365 · related or exempt $0 · unrelated business $0 · excluded $284,365

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $515 · related or exempt $0 · unrelated business $0 · excluded $515

  • 11e · Other revenue, total

    $515

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $434,619 · program services $434,619

  • 11a · Fees: management

    total $105,240 · program services $78,750 · management and general $26,490 · fundraising $0

  • 11b · Fees: legal

    total $7,003 · program services $4,663 · management and general $2,340 · fundraising $0

  • 11c · Fees: accounting

    total $16,125 · program services $0 · management and general $16,125 · fundraising $0

  • 11f · Fees: investment management

    total $112,692 · program services $0 · management and general $112,692 · fundraising $0

  • 11g · Fees: other

    total $357,558 · program services $303,924 · management and general $53,634 · fundraising $0

  • 12 · Advertising and promotion

    total $77,897 · program services $0 · management and general $77,897 · fundraising $0

  • 13 · Office expenses

    total $932 · program services $0 · management and general $932 · fundraising $0

  • 17 · Travel

    total $3,762 · program services $0 · management and general $3,762 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $52,324 · program services $0 · management and general $52,324 · fundraising $0

  • 23 · Insurance

    total $4,924 · program services $0 · management and general $4,924 · fundraising $0

  • 24a · Other expenses: BAD DEBTS RECOVERED

    total -$9,119 · program services -$9,119 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK CHARGES

    total $1,226 · program services $0 · management and general $1,226 · fundraising $0

  • 24c · Other expenses: REPAIRS & MAINTENANCE

    total $4,377 · program services $0 · management and general $4,377 · fundraising $0

  • 24d · Other expenses: SUPPLIES

    total $12,920 · program services $0 · management and general $12,920 · fundraising $0

  • 24e · All other expenses

    total $643 · program services $0 · management and general $643 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,189,674 · end of year $2,404,129

  • 2 · Savings and temporary cash investments

    beginning of year $23,638,980 · end of year $19,697,106

  • 4 · Accounts receivable

    beginning of year $3,078,678 · end of year $174,995

  • 7 · Other notes and loans receivable

    beginning of year $3,146,867 · end of year $2,918,842

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,127 · end of year $7,141

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

    $6,296,609

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

    $69,724

  • 10c · Land, buildings and equipment, net

    beginning of year $3,870,927 · end of year $6,226,885

  • 15 · Other assets

    beginning of year $50,702 · end of year $41,383

  • 17 · Accounts payable and accrued expenses

    beginning of year $742,112 · end of year $351,965

  • 18 · Grants payable

    beginning of year $360,300 · end of year $627,020

  • 19 · Deferred revenue

    beginning of year $23,027

  • 25 · Other liabilities

    beginning of year $2,305,776 · end of year $774,608

  • 27 · Net assets without donor restrictions

    beginning of year $33,594,710 · end of year $28,737,895

  • 28 · Net assets with donor restrictions

    beginning of year $965,030 · end of year $978,993

Mission and programs · 2022

Mission

Promote the use of renewable energy and clean energy technologies. Promote energy conservation technologies. Promote the education, economic development, and environmental benefit associated with renewal and clean energy technologies and energy conservation technologies that can benefit ratepayers.

  • Promote the use of renewable and clean energy technologies that can benefit West Penn Power ratepayers.

    Expenses $459,455 · Grants $245,720 · Revenue $57,583

  • Promote energy conservation and energy efficiency technologies that can benefit West Penn Power ratepayers.

    Expenses $306,633 · Grants $163,990 · Revenue $38,430

  • Promote the education, economic development, and environmental benefit associated with renewal and clean energy technologies and energy conservation and efficiency technologies that can benefit West Penn Power ratepayers.

    Expenses $46,749 · Grants $25,000 · Revenue $5,859

As filed on the 2022 return.

Listed in Part VII

  • Al Neuner

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • John Kline

    TREASURER

    Total calculated
    $0
    Hours/week
    2.5

  • James Stark

    SECRETARY

    Total calculated
    $0
    Hours/week
    2.5

  • John Walliser

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    2.5

  • Rob Hosken

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Edward C Miller

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Michele Ponchione

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Joel Morrison

    ADMINISTRATIVE STAFF

    Total calculated
    $0
    Hours/week
    5

  • James Smith

    ADMINISTRATIVE STAFF

    Total calculated
    $188,270
    From this org
    $0
    From related orgs
    $158,461
    Other
    $29,809
    Hours/week
    5

    Schedule J breakdown matched by us

    Base
    $0 + $158,461 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,450 related
    Nontaxable benefits
    $0 + $18,359 related
    Filer's total
    $0 + $188,270 related

  • George App

    ADMINISTRATIVE STAFF

    Total calculated
    $74,236
    From this org
    $0
    From related orgs
    $57,197
    Other
    $17,039
    Hours/week
    5

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

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.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 63 FRALEY STREET LLC

    TO DEVELOP, ACQUIRE, OWN, AND SELL REAL ESTATE · PA · assets $6,587,051

    Directly controlled by WEST PENN POWER SUSTAINABLE ENERGY FUND

Provenance

Return type
form_990
Tax year
2022
Filed
31 July 2023
IRS schema version
2022v5.0
Source object
202322689349300042

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