People's Solar Energy Fund

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 843011433 ✦ Florence, MA ✦ Designated as a 501(c)(3)

Overview

What is People's Solar Energy Fund?

People's Solar Energy Fund, based in Florence, Massachusetts, is a nonprofit organization dedicated to facilitating community-based and community-owned solar projects, primarily in communities of color. They provide technical assistance and financing to their member organizations, helping them overcome barriers in project development. The organization keeps track of federal opportunities and offers assistance in packaging proposals to pursue federal funds, which could unlock significant opportunities for their members. People's Solar Energy Fund is actively pursuing strategic partnerships with philanthropic funders and other aligned partners to maximize these opportunities and catalyze further funding for primarily BIPOC communities. Their mission is to build a scalable system of support for community-led and community-owned solar projects, contributing to cleaner, more affordable energy, job creation, community asset development, and a more democratized energy system.


Official website here: www.psef.network

Is People's Solar Energy Fund legitimate?

People's Solar Energy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. People's Solar Energy Fund submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $270,693
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,866

For more financial information, click here


Official website here: www.psef.network

What is the mission statement of People's Solar Energy Fund?

The People's Solar Energy Fund provides non-extractive financing, technical assistance, and discounted services to establish a scalable system of support for community-led and community-owned solar projects. The focus is on projects that benefit low-income and minority communities, contributing to cleaner and more affordable energy, job creation, community asset development, and a more democratized energy system. This organization aims to make solar energy more accessible, fostering a more sustainable and equitable energy landscape.


Official website here: www.psef.network

Who is the CEO of People's Solar Energy Fund?

Timothy Denherder-Thomas is the Board Chair of People's Solar Energy Fund.


Official website here: www.psef.network

What is the revenue of People's Solar Energy Fund?

People's Solar Energy Fund's revenue in 2022 was $754,677.


Official website here: www.psef.network

Who are the executives of People's Solar Energy Fund and what are their salaries?

The average compensation at People's Solar Energy Fund during 2022 was $86,312. There are 5 employees at People's Solar Energy Fund.

Here are 16 key members and their salaries:

    Millard Owens (Co-Director)
  • Compensation: $145,962
  • Related: $0
  • Other: $604

    • Mmakgantsi Mafojane (Co-Director)
  • Compensation: $129,837
  • Related: $0
  • Other: $666

    • Denise Abdul-Rahman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alison Andrews (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Amy Bettle (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gopal Dayaneni (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Timothy Denherder-Thomas (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Fairchild (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Crystal Huang (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Johnson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yuki Kiddkoro (Alternate Di) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonia Kikeri (Alternate Di) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Mcneil (Clerk) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mela Miles (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pouya Najmaie (Alternate Di) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Loren White (Former Trea) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.psef.network

    Where can I find the form 990 for People's Solar Energy Fund?

    The People's Solar Energy Fund’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.psef.network

    Learn more at the official website: www.psef.network

    Mission Statement of People's Solar Energy Fund

    People's Solar Energy Fund, an organization committed to fostering a more equitable and sustainable energy system, provides non-extractive financing, technical assistance, and discounted services to support community-led and community-owned solar projects. The primary focus of their mission is to benefit low-income and communities of color, contributing to cleaner and more affordable energy, job creation, community asset development, and a more democratized energy system. By implementing a scalable system of support, People's Solar Energy Fund aims to empower these communities to take control of their energy needs and contribute to a more equitable energy sector.

    Impact

    This information is meant to be a general summary of People's Solar Energy Fund. Please take the time to review official sources before making any decisions based upon the content provided here.




    Saturday, July 20, 2024

    People's Solar Energy Fund's impact can be seen in the support it provides to community-led and community-owned solar projects, particularly in low- or moderate-income communities and communities of color. By offering non-extractive financing, technical assistance, and discounted services, the fund is contributing to a cleaner and more affordable energy system. Moreover, the emphasis on job creation, community asset development, and democratizing the energy sector further highlights the fund's positive impact on underserved communities. Through strategic partnerships and federal funding pursuits, People's Solar Energy Fund is working to scale up its support and facilitate the development of more community solar projects, thereby promoting sustainability and equity in the energy sector.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $400
  • Program Service Revenue: $16,277
  • Gross Receipts: $754,677

    • Assets and Liabilities:
  • Total Assets: $934,788
  • Total Liabilities: $86,953
  • Net Assets: $847,835
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM FEES

    Revenue

    $13,777

    PROGAMMATIC INVESTMENT INCOME

    Revenue

    $2,500

    Organization Details

    Founding Year

    2019

    Principal Officer

    Timothy Denherder-Thomas

    Main Address

    296 NONOTUCK STREET STE 4, FLORENCE, MA, 01062

    NTEE Category

    Code: W80 - Public benefit

    If you are a representative of People's Solar Energy Fund and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.