PEOPLE'S SOLAR ENERGY FUND

EIN: 843011433 501(c)(3) Public & Societal Benefit

PITTSFIELD, MA

Total Revenue
$1,254,539
Total Expenses
$628,965
Total Assets
$1,579,408
Net Assets
$1,490,983
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
MA
Principal Officer
AMY BETTLE
Phone
2039163490
Tax Period
2023-01-01 to 2023-12-31

PEOPLE'S SOLAR ENERGY FUND, founded in 2019, is a small nonprofit in the Public & Societal Benefit sector that reported $828K in total revenue in fiscal year 2020. Revenue surged 1854% from the prior year, signaling strong growth momentum. The organization ran a surplus of $754K, a strong 91% operating margin.

Mission

PEOPLE'S SOLAR ENERGY FUND, INC. PROVIDES NON-EXTRACTIVE FINANCING, TECHNICAL ASSISTANCE AND BULK-PURCHASING DISCOUNTED SERVICES TO BUILD A SCALABLE SYSTEM OF SUPPORT FOR COMMUNITY-LED AND COMMUNITY-OWNED SOLAR PROJECTS. THE EMPHASIS IS ON PROJECTS BENEFITING LOW- OR MODERATE-INCOME COMMUNITIES AND COMMUNITIES OF COLOR, CONTRIBUTING TO CLEANER AND MORE AFFORDABLE ENERGY, JOB CREATION, COMMUNITY ASSET DEVELOPMENT, AND A MORE DEMOCRATIZED ENERGY SYSTEM.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,200,000
Program Service Revenue $49,953
Investment Income $4,586
Other Revenue $0
TOTAL REVENUE $1,254,539

Expense Breakdown

Grants Paid $34,000
Salaries & Benefits $472,842
Fundraising Expenses $69,696
Program Expenses $348,615
Other Expenses $108,118
TOTAL EXPENSES $628,965

Year-over-Year Comparison

2023 2022 Change
Revenue $1,254,539 $754,677 +0.7%
Expenses $628,965 $676,891 -0.1%
Net Income $625,574 $77,786 +7.0%
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
9
Independent Members
9
Employees
17
Volunteers
N/A

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
$316,965
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MILLARD OWENS CO-DIRECTOR 40.00
Officer
$150,000 $13,503 $163,503
MMAKGANTSI MAFOJANE CO-DIRECTOR 40.00
Officer
$150,000 $3,462 $153,462
DENISE ABDUL-RAHMAN DIRECTOR 1.00
Director
$0 $0 $0
ALISON ANDREWS SECRETARY 2.00
Officer Director
$0 $0 $0
AMY BETTLE BOARD CHAIR 2.00
Officer Director
$0 $0 $0
GOPAL DAYANENI DIRECTOR 1.00
Director
$0 $0 $0
TIMOTHY DENHERDER-THOMAS DIRECTOR 1.00
Director
$0 $0 $0
CRYSTAL HUANG DIRECTOR 1.00
Director
$0 $0 $0
JIM JOHNSON TREASURER 2.00
Officer Director
$0 $0 $0
JOSEPH MCNEIL DIRECTOR 1.00
Director
$0 $0 $0
MELA MILES 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 No data No data No data No data
2023 $1,254,539 $628,965 $1,579,408 $625,574
2022 $754,677 $676,891 $934,788 $77,786
2021 $260,050 $257,077 $829,839 $2,973
2020 $827,866 $73,564 $904,759 $754,302
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