NC GREENPOWER CORPORATION

EIN: 223895009 501(c)(3) Environment

RALEIGH, NC

Total Revenue
$875,082
Total Expenses
$1,331,228
Total Assets
$2,303,323
Net Assets
$2,022,684
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
NC
Principal Officer
BRIAN COBLE
Phone
9198579000
Tax Period
2024-01-01 to 2024-12-31

NC GREENPOWER CORPORATION, founded in 2003, is a small nonprofit in the Environment sector that reported $875K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. Expenses of $1.3M exceeded revenue, resulting in a 52% operating deficit.

Mission

NC GREENPOWER'S MISSION IS TO EXPAND PUBLIC KNOWLEDGE AND ACCEPTANCE OF CLEANER ENERGY TECHNOLOGIES TO ALL NORTH CAROLINIANS THROUGH LOCAL, COMMUNITY BASED INITIATIVES.

Program Service Accomplishments

Program 1
Expenses: $449,686

NC GREENPOWER'S SOLAR+ SCHOOLS PROGRAM PROVIDES GRANTS FOR SOLAR SYSTEMS, ENERGY EFFICIENCY UPGRADES AND ENERGY EDUCATION PACKAGES TO NORTH CAROLINA K-12 SCHOOLS. WITH DUKE ENERGY RENEWABLE ENERGY...

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NC GREENPOWER'S SOLAR+ SCHOOLS PROGRAM PROVIDES GRANTS FOR SOLAR SYSTEMS, ENERGY EFFICIENCY UPGRADES AND ENERGY EDUCATION PACKAGES TO NORTH CAROLINA K-12 SCHOOLS. WITH DUKE ENERGY RENEWABLE ENERGY (MASS MARKET PRODUCT) DONORS SWITCHING OVER TO SUPPORT SOLAR+ SCHOOLS IN 2020, APPROXIMATELY 517 ELECTRIC UTILITY CUSTOMERS SUBSCRIBED TO THE RENEWABLE ENERGY PRODUCT, PROVIDING A PREMIUM ABOVE THE USUAL MONTHLY UTILITY PAYMENTS, SUPPORTED APPROXIMATELY 4,166,000 KWH OF ENERGY ANNUALLY COMING FROM RENEWABLE ENERGY INSTEAD OF TRADITIONAL SOURCES SUCH AS COAL.

Program 2

FOR CARBON OFFSETS, APPROXIMATELY 251 ELECTRIC UTILITY CUSTOMERS SUBSCRIBED TO SUPPORT THE MITIGATION OF 2,427 TONS OF CARBON DIOXIDE.

Program 3
Expenses: $637,663

FOR THE DUKE ENERGY DONORS WHO SWITCHED TO SUPPORT SOLAR+ SCHOOLS, THE PROGRAM HAD AN AVERAGE OF 4,022 CONTRIBUTORS.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $811,147
Program Service Revenue $0
Investment Income $63,935
Other Revenue $0
TOTAL REVENUE $875,082

Expense Breakdown

Grants Paid $383,337
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,087,349
Other Expenses $947,891
TOTAL EXPENSES $1,331,228

Year-over-Year Comparison

2024 2023 Change
Revenue $875,082 $938,626 -0.1%
Expenses $1,331,228 $1,417,914 -0.1%
Net Income $-456,146 $-479,288 0.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
15
Independent Members
14
Employees
N/A
Volunteers
10

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$502,392
Total Directors
16
$502,392
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN COBLE PRESIDENT/EX 10.00
Officer Director
$0 $57,221 $266,659
ROBERT GOODSON PRES/ED - RE 10.00
Officer Director
$0 $12,345 $235,733
JULIE WOOSLEY CHAIR 1.00
Officer Director
$0 $0 $0
EWAN PRITCHARD VICE CHAIR 1.00
Officer Director
$0 $0 $0
CONNIE OLDHAM SECRETARY 1.00
Officer Director
$0 $0 $0
ADAM FOODMAN TREASURER 1.00
Director
$0 $0 $0
JAMIE APPLEQUIST CHIEF ADMIN 1.00
Director
$0 $0 $0
AMY BERRY DIRECTOR 1.00
Director
$0 $0 $0
LAYLA CUMMINGS DIRECTOR 1.00
Director
$0 $0 $0
CASSIE GAVIN DIRECTOR 1.00
Director
$0 $0 $0
ROY JONES DIRECTOR 1.00
Director
$0 $0 $0
BETH RITTER DIRECTOR 1.00
Director
$0 $0 $0
JENNIFER WEISS DIRECTOR 1.00
Director
$0 $0 $0
SAM WHEELER DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL YOUTH DIRECTOR 1.00
Director
$0 $0 $0
TRISTAN KREAGER DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $875,082 $1,331,228 $2,303,323 $-456,146
2023 $938,626 $1,417,914 $2,739,080 $-479,288
2022 $2,006,667 $2,682,463 $3,623,720 $-675,796
2021 $905,963 $1,158,397 $3,961,735 $-252,434
2020 $757,486 $1,053,239 $4,259,644 $-295,753
2019 $924,655 $957,655 $4,385,679 $-33,000
2018 $1,419,946 $1,191,424 $4,509,724 $228,522
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