2023-11-12T10:31:24-05:00 2022-12-31 463169148 DAVISKELLY LLP 42 MILL ROAD WILMINGTON MA 01887 990 2022-01-01 843011433 PEOPLE'S SOLAR ENERGY FUND PEOP 2039163490 296 NONOTUCK STREET STE 4 FLORENCE MA 01062 MMAKGANTSI MAFOJANE CO-DIRECTOR 4137728898 2023-11-09 true MMAKGANTSI MAFONJANE false RANDALL S DAVIS P10427372 9787648966 2023-11-12 2022 2023-04-26 12:10:37Z TIMOTHY DENHERDER-THOMAS 3100 LONGFELLOW AVENUE MINNEAPOLIS MN 55407 754677 false X WWW.PSEF.NETWORK X 2019 MA 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. 14 14 5 0 250000 738000 10050 16277 400 0 260050 754677 97700 0 467453 0 54272 257077 111738 257077 676891 2973 77786 829839 934788 72564 86953 757275 847835 X 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. false false 111598 13777 TECHNICAL ASSITANCE/TRAINING AS AN INTERMEDIARY NON-PROFIT LOAN FUND, PEOPLE'S SOLAR ENERGY FUND (PSEF) SEEKS TO SUPPORT OUR NETWORK OF MEMBER ORGANIZATIONS IN OVERCOMING THE BARRIERS OF DEVELOPING COMMUNITY-BASED AND COMMUNITY-OWNED SOLAR PROJECTS PRIMARILY IN COMMUNITIES OF COLOR. TO DO THIS EFFICIENTLY AND EFFECTIVELY FOR OUR MEMBERS, WE ARE CLOSELY TRACKING FEDERAL OPPORTUNITIES TO SHARE WITH OUR MEMBERSHIP, AS WELL AS PROVIDING TECHNICAL ASSISTANCE TO HELP MEMBERS PACKAGE THEIR PROPOSALS AND PURSUE FEDERAL FUNDS. FEDERAL FUNDS FLOWING FROM THE INFLATION REDUCTION ACT (IRA) HAVE THE POTENTIAL TO UNLOCK SIGNIFICANT OPPORTUNITIES FOR PSEF MEMBERS TO BOTH PILOT AND SCALE PROJECTS TO MULTIPLE COMMUNITIES. WE ARE ACTIVELY PURSUING FEDERAL FUNDS TO ENSURE THAT THIS CAPITAL IS ACCESSIBLE TO NOT ONLY CURRENT MEMBERS, BUT FUTURE COMMUNITY-BASED SOLAR DEVELOPERS WHEN NEEDED. IN ORDER TO MAXIMIZE THIS OPPORTUNITY AND CATALYZE FURTHER FUNDING FOR PRIMARILY BIPOC COMMUNITIES DEVELOPING PROJECTS, WE ARE PURSUING STRATEGIC PARTNERSHIPS WITH PHILANTHROPIC FUNDERS AND OTHER ALIGNED PARTNERS. WE ALSO CONTINUE TO SUPPORT PEER CONSULTATIONS BETWEEN OUR MEMBERS AND POTENTIAL MEMBERS REGARDING THE DEVELOPMENT OF THEIR COMMUNITY SOLAR PROJECTS. 4960 2500 LENDING THROUGH ASSESSING MEMBER NEEDS, IT QUICKLY BECAME EVIDENT THAT WHILE SEVERAL MEMBERS REQUIRED SIGNIFICANT PRE-DEVELOPMENT LOANS, MANY OTHERS WERE NOT QUITE AT THE STAGE WHERE DEBT WAS APPROPRIATE IN DRIVING MEANINGFUL COMMUNITY-LED PROJECT DEVELOPMENT. IN THESE CASES, FUNDS FOR EARLY STAGE ORGANIZATIONAL SUPPORT, COMMUNITY ORGANIZING ETC. WERE MOST APPROPRIATE. ENSURING THAT WE ADDRESS THE SPECTRUM OF RESOURCE GAPS MEMBERS FACE IS A KEY FOCUS OF PSEF'S AND WE ARE WORKING TO ENSURE THAT PSEF OFFERINGS BRIDGE THE RESOURCE GAPS THAT SO OFTEN PREVENT PROJECTS FROM TAKING OFF, RESULT IN THEM STAGNATING, OR LEAD TO THEIR FAILURE. TO THIS END, WE CARVED OUT A PORTION OF THE PRE-DEVELOPMENT LOAN POOL FOR EARLY STAGE MINI-GRANTS AND IN ADDITION, WILL DEVELOP AN INNOVATION FUND POOL TO PROVIDE MORE FLEXIBLE EARLY STAGE FUNDS TO SUPPORT COMMUNITIES INNOVATING IN PROJECT STRUCTURE AND OWNERSHIP MODELS, AND MAXIMIZING OVERALL COMMUNITY BENEFIT. TOGETHER WITH OUR EXISTING PRE-DEVELOPMENT LOAN POOL, WE HOPE TO SEE INCREASED MOVEMENT IN PROJECT DEVELOPMENT. 910 PROJECT FINANCE IN 2022, WITH A PIPELINE OF 10 MEGAWATTS (MW) OF PROJECTS REACHING THE FINANCE-READY OR OPERATION-READY STAGE, PSEF ASSISTED A MEMBER SECURE SPONSOR EQUITY FUNDS FOR A PROJECT, WHILE ALSO CONTINUING TO BUILD RELATIONSHIPS WITH TAX-EQUITY INVESTORS INTERESTED IN INVESTING IN A PORTFOLIO OF PROJECTS. CHALLENGES TIED TO BOTH THE INVESTORS' REQUIREMENTS AND THE PANDEMIC'S INTERRUPTIONS OF THE GLOBAL SUPPLY CHAIN SIGNIFICANTLY SLOWED DEAL CLOSURES. GOING FORWARD, PSEF WILL CONTINUE TO BUILD PARTNERSHIPS WITH ALIGNED INVESTORS AND FUNDERS FOR PROJECT FINANCING, BUT WILL ALSO BUILD INTERNAL FINANCIAL INFRASTRUCTURE FOR MEMBERS TO ACCESS SOME OF THIS CRITICAL CAPITAL THROUGH PSEF. 184999 97700 MEMBERSHIP IN 2022, PSEF EXPERIENCED GROWTH IN ITS MEMBERSHIP, WELCOMING TWO NEW MEMBERS, COOPERATIVA HIDROELCTRICA DE LA MONTAA AND POLAR BEAR SUSTAINABLE ENERGY CO-OP, TO ITS COMMUNITY OF 22 MEMBERS. TO BETTER ALIGN ITS VISION AND GOALS, PSEF INITIATED A STRATEGIC PLANNING PROCESS IN THE FALL OF 2022. THIS STRATEGIC PLANNING EFFORT CULMINATED IN THE ORGANIZATION'S FIRST IN-PERSON MEMBERSHIP STRATEGIC PLANNING RETREAT, WHICH TOOK PLACE IN JANUARY 2023. THE RETREAT SERVED AS A PIVOTAL MOMENT FOR PSEF'S DIRECTION AND FUTURE STRATEGIES. AS PART OF ITS COMMITMENT TO BUILDING STRONG RELATIONSHIPS WITHIN ITS NETWORK, PSEF'S EXECUTIVE LEADERS EMBARKED ON VISITS TO VARIOUS MEMBERS AND THEIR PROJECT SITES. THESE INTERACTIONS HELPED STRENGTHEN THE BONDS AND COLLABORATIONS WITHIN THE ORGANIZATION. FURTHERMORE, PSEF ACTIVELY MANAGED A SIGNIFICANT PASS-THROUGH GRANT ON BEHALF OF ONE OF ITS MEMBERS. THIS 80,000 GRANT, GENEROUSLY PROVIDED BY THE KATALY FOUNDATION, WAS DIRECTED TOWARDS SUPPORTING CO-OP POWER'S COMMUNITY ENERGY SOLAR HOLDING'S PROJECT. PSEC MANAGEMENT/ SHARED SEVICES 2022 SAW THE LEGAL FORMATION OF OUR FOR-PROFIT ENTITY PEOPLE'S SOLAR ENERGY COOPERATIVE (REQUIRED FOR INVESTMENTS) AND THE SECURING OF A 5M LOAN GUARANTEE FROM CIGP (THE COMMUNITY INVESTMENTGUARANTEE PROGRAM), BOTH VITAL CATALYSTS FOR OUR MEMBERS' GROWTH. WE ALSO STARTED SHARED INSURANCE PRODUCTS, RESULTING IN OUR FIRST INSURANCE AGGREGATION POOL - BENEFITTING 11 MEMBER PROJECTS. PUBLIC OUTREACH: AS AN ORGANIZATION COMMITTED TO WORKING COLLABORATIVELY WITH KINDRED SISTER ORGANIZATIONS, PSEF WORKED IN 2022 TO STRENGTHEN ITS TIES TO AND ENGAGEMENT IN KEY COALITIONS SUCH AS THE ENERGY DEMOCRACY PROJECT (A NATIONAL COALITION EDUCATING AND ADVOCATING FOR AN END TO MONOPOLISTIC CORPORATE CONTROL OVER THIS FUNDAMENTAL HUMAN NEED), AND THE BLACK SOLIDARITY ECONOMY FUND (A NATIONAL NETWORK OF BLACK COOPS AND PROJECT OF THE NEW ECONOMY COALITION). SUCH PARTNERSHIPS ENHANCE EFFORTS FOR ADVOCACY AND FIELD- BUILDING, AND DEEPEN OUR TIES WITH ALLIED ORGANIZATIONS WORKING WITH FRONTLINE, IMPACTED COMMUNITIES. WE ALSO SPOKE ON A PANEL AT THE OPPORTUNITY FINANCE NETWORK REGARDING BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) REPRESENTATION IN NEW GUARANTEE PROGRAMS; AND WE HELPED PILOT- TEST AND OFFER DESIGN INPUT INTO THE FIRST COMMUNITY-SOLAR CERTIFICATION CURRICULUM (OFFERED BY THE UNIVERSITY OF NEW HAMPSHIRE). 184999 97700 302467 true true false false false false false false false false false false true false false false true false false false false false false false false false false true false false false false false false false false false true false false false false false false false false false true 5 0 5 true false false false false false false false false false false false false false false X 14 14 false false false false true true true true true true false false true true true true true true true false MA X THE ORGANIZATION 2039163490 296 NONOTUCK STREET FLORENCE MA 01062 MILLARD OWENS CO-DIRECTOR 40.00 X 145962 0 604 MMAKGANTSI MAFOJANE CO-DIRECTOR 40.00 X 129837 0 666 DENISE ABDUL-RAHMAN DIRECTOR 1.00 X 0 0 0 ALISON ANDREWS DIRECTOR 1.00 X 0 0 0 AMY BETTLE DIRECTOR 1.00 X 0 0 0 GOPAL DAYANENI DIRECTOR 1.00 X X 0 0 0 TIMOTHY DENHERDER-THOMAS BOARD CHAIR 1.00 X X 0 0 0 DENISE FAIRCHILD DIRECTOR 1.00 X 0 0 0 CRYSTAL HUANG TREASURER 1.00 X X 0 0 0 JIM JOHNSON DIRECTOR 1.00 X 0 0 0 YUKI KIDDKORO ALTERNATE DI 1.00 X 0 0 0 SONIA KIKERI ALTERNATE DI 1.00 X 0 0 0 JOSEPH MCNEIL CLERK 1.00 X X 0 0 0 MELA MILES DIRECTOR 1.00 X 0 0 0 POUYA NAJMAIE ALTERNATE DI 1.00 X 0 0 0 LOREN WHITE FORMER TREA 1.00 X X 0 0 0 275799 1270 2 false false false 738000 738000 PROGRAM FEES 525990 13777 13777 PROGAMMATIC INVESTMENT INCOME 541610 2500 2500 16277 400 400 754677 16277 400 97700 97700 270693 92499 136468 41726 160866 46485 106266 8115 1794 1794 34100 10873 19849 3378 6375 6375 39609 28258 11351 16143 16143 18786 15788 1945 1053 1875 1875 13374 13374 4782 2293 2489 6507 6071 436 2500 2500 1686 1686 BANK CHARGES 101 101 676891 302467 320152 54272 266318 345874 280000 280400 20795 5521 17719 8000 270000 270000 829839 934788 22564 36953 50000 50000 72564 86953 X 477275 585535 280000 262300 757275 847835 829839 934788 77786 12774 X false true X true false X 41500 825698 250000 738000 1855198 41500 825698 250000 738000 1855198 1276552 578646 400 400 1855598 29360 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PROGRAMMATIC LOANS 270000 270000 754677 754677 754677 676891 676891 676891 true COMMUNITY ENERGY SOLAR HOLDING LLC 296 NONOTUCK STREET STE 4 FLORENCE MA 01062 320588999 80000 LOAN PAYMENT SCHEDULE I, PAGE 1, PART I, LINE 2 REPORTING - FOLLOWING AWARD PAYYMENT, A SIMPLE PSEF TEMPLATE OF JUST A FEW QUESTIONS - SHALL OCCUR WITHIN 5 MONTHS AFTER THE GRANT (I.E. 1 MONTH AFTER THE MAX 4 MONTH TERM). REPORTING COMPLETION WILL BE A REQUIREMENT FOR FUTURE GRANT ELIGIBILITY. CLIMATE JUSTICE DIRECTOR 1840 CONSULT REIMBURSMENT false COOPERATIVE ENERGY FUTURES DIRECTOR 1462 CONSULT REIMBURSMENT false EMERALD CITIES COOP FORMER DIRECTOR 1840 CONSULT REIMBURSMENT false PEOPLE POWER SOLAR COOP DIRECTOR 1840 CONSULT REIMBURSMENT false SPARK NORTHWEST FRMER MEMB REP 1840 PREDEVELOPMENT LOAN false SCHEDULE L, PART V GOPAL DAYANENI CURRENT BOARD MEMBER AND FORMER CHAIR OF PSEF BOARD. REPRESENTATIVE FOR THE MEMBER, CLIMATE JUSTICE ALLIANCE. 1,840 ORGANIZATION - REIMBURSED CLIMATE JUSTICE ALLIANCE FOR GOPAL DAYANENI'S CURRICULUM DEVELOPMENT COMMITTEE PHASE 1 WORK. TIMOTHY DENHERDER-THOMAS CURRENT BOARD MEMBER AND FORMER PRESIDENT AND CHAIR OF PSEF BOARD. REPRESENTATIVE FOR THE MEMBER, COOPERATIVE ENERGY FUTURES. 1,462.5 ORGANIZATION - REIMBURSED COOPERATIVE ENERGY FUTURES FOR TIMOTHY DENHERDER-THOMAS' TIME TO CONSULT WITH OTHER MEMBERS ON THEIR PROJECT FINANCIAL PROJECTIONS. SONIA KIKERI FORMER BOARD MEMBER. REPRESENTATIVE FOR THE MEMBER, EMERALD CITIES COLLABORATIVE.1,840 ORGANIZATION - REIMBURSED EMERALD CITIES COLLABORATIVE FOR SONIA KIKERI'S CURRICULUM DEVELOPMENT COMMITTEE PHASE 1 WORK. CRYSTAL HUANG CLERK OF PSEF. REPRESENTATIVE FOR THE MEMBER, PEOPLE POWER SOLAR COOPERATIVE.4,840 ORGANIZATION - REIMBURSED PEOPLE POWER SOLAR COOPERATIVE FOR CRYSTAL HUANG'S TIME TO CONVENE CURRICULUM DEVELOPMENT COMMITTEE AND FOR THEIR CURRICULUM DEVELOPMENT COMMITTEE PHASE 1 WORK. MIKHAILA GONZALES FORMER REPRESENTATIVE FOR THE MEMBER, SPARK NORTHWEST 1,840 ORGANIZATION - REIMBURSED SPARK NORTHWEST FOR MIKHAILA GONZALES'S CURRICULUM DEVELOPMENT COMMITTEE PHASE 1 WORK. FORM 990 - ORGANIZATION'S 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. FORM 990, PAGE 2, PART III, LINE 4A TECHNICAL ASSITANCE/TRAINING AS AN INTERMEDIARY NON-PROFIT LOAN FUND, PEOPLE'S SOLAR ENERGY FUND (PSEF) SEEKS TO SUPPORT OUR NETWORK OF MEMBER ORGANIZATIONS IN OVERCOMING THE BARRIERS OF DEVELOPING COMMUNITY-BASED AND COMMUNITY-OWNED SOLAR PROJECTS PRIMARILY IN COMMUNITIES OF COLOR. TO DO THIS EFFICIENTLY AND EFFECTIVELY FOR OUR MEMBERS, WE ARE CLOSELY TRACKING FEDERAL OPPORTUNITIES TO SHARE WITH OUR MEMBERSHIP, AS WELL AS PROVIDING TECHNICAL ASSISTANCE TO HELP MEMBERS PACKAGE THEIR PROPOSALS AND PURSUE FEDERAL FUNDS. FEDERAL FUNDS FLOWING FROM THE INFLATION REDUCTION ACT (IRA) HAVE THE POTENTIAL TO UNLOCK SIGNIFICANT OPPORTUNITIES FOR PSEF MEMBERS TO BOTH PILOT AND SCALE PROJECTS TO MULTIPLE COMMUNITIES. WE ARE ACTIVELY PURSUING FEDERAL FUNDS TO ENSURE THAT THIS CAPITAL IS ACCESSIBLE TO NOT ONLY CURRENT MEMBERS, BUT FUTURE COMMUNITY-BASED SOLAR DEVELOPERS WHEN NEEDED. IN ORDER TO MAXIMIZE THIS OPPORTUNITY AND CATALYZE FURTHER FUNDING FOR PRIMARILY BIPOC COMMUNITIES DEVELOPING PROJECTS, WE ARE PURSUING STRATEGIC PARTNERSHIPS WITH PHILANTHROPIC FUNDERS AND OTHER ALIGNED PARTNERS. WE ALSO CONTINUE TO SUPPORT PEER CONSULTATIONS BETWEEN OUR MEMBERS AND POTENTIAL MEMBERS REGARDING THE DEVELOPMENT OF THEIR COMMUNITY SOLAR PROJECTS. FORM 990, PAGE 2, PART III, LINE 4B LENDING THROUGH ASSESSING MEMBER NEEDS, IT QUICKLY BECAME EVIDENT THAT WHILE SEVERAL MEMBERS REQUIRED SIGNIFICANT PRE-DEVELOPMENT LOANS, MANY OTHERS WERE NOT QUITE AT THE STAGE WHERE DEBT WAS APPROPRIATE IN DRIVING MEANINGFUL COMMUNITY-LED PROJECT DEVELOPMENT. IN THESE CASES, FUNDS FOR EARLY STAGE ORGANIZATIONAL SUPPORT, COMMUNITY ORGANIZING ETC. WERE MOST APPROPRIATE. ENSURING THAT WE ADDRESS THE SPECTRUM OF RESOURCE GAPS MEMBERS FACE IS A KEY FOCUS OF PSEF'S AND WE ARE WORKING TO ENSURE THAT PSEF OFFERINGS BRIDGE THE RESOURCE GAPS THAT SO OFTEN PREVENT PROJECTS FROM TAKING OFF, RESULT IN THEM STAGNATING, OR LEAD TO THEIR FAILURE. TO THIS END, WE CARVED OUT A PORTION OF THE PRE-DEVELOPMENT LOAN POOL FOR EARLY STAGE MINI-GRANTS AND IN ADDITION, WILL DEVELOP AN INNOVATION FUND POOL TO PROVIDE MORE FLEXIBLE EARLY STAGE FUNDS TO SUPPORT COMMUNITIES INNOVATING IN PROJECT STRUCTURE AND OWNERSHIP MODELS, AND MAXIMIZING OVERALL COMMUNITY BENEFIT. TOGETHER WITH OUR EXISTING PRE-DEVELOPMENT LOAN POOL, WE HOPE TO SEE INCREASED MOVEMENT IN PROJECT DEVELOPMENT. FORM 990, PAGE 2, PART III, LINE 4D MEMBERSHIP IN 2022, PSEF EXPERIENCED GROWTH IN ITS MEMBERSHIP, WELCOMING TWO NEW MEMBERS, COOPERATIVA HIDROELCTRICA DE LA MONTAA AND POLAR BEAR SUSTAINABLE ENERGY CO-OP, TO ITS COMMUNITY OF 22 MEMBERS. TO BETTER ALIGN ITS VISION AND GOALS, PSEF INITIATED A STRATEGIC PLANNING PROCESS IN THE FALL OF 2022. THIS STRATEGIC PLANNING EFFORT CULMINATED IN THE ORGANIZATION'S FIRST IN-PERSON MEMBERSHIP STRATEGIC PLANNING RETREAT, WHICH TOOK PLACE IN JANUARY 2023. THE RETREAT SERVED AS A PIVOTAL MOMENT FOR PSEF'S DIRECTION AND FUTURE STRATEGIES. AS PART OF ITS COMMITMENT TO BUILDING STRONG RELATIONSHIPS WITHIN ITS NETWORK, PSEF'S EXECUTIVE LEADERS EMBARKED ON VISITS TO VARIOUS MEMBERS AND THEIR PROJECT SITES. THESE INTERACTIONS HELPED STRENGTHEN THE BONDS AND COLLABORATIONS WITHIN THE ORGANIZATION. FURTHERMORE, PSEF ACTIVELY MANAGED A SIGNIFICANT PASS-THROUGH GRANT ON BEHALF OF ONE OF ITS MEMBERS. THIS 80,000 GRANT, GENEROUSLY PROVIDED BY THE KATALY FOUNDATION, WAS DIRECTED TOWARDS SUPPORTING CO-OP POWER'S COMMUNITY ENERGY SOLAR HOLDING'S PROJECT. PSEC MANAGEMENT/ SHARED SEVICES 2022 SAW THE LEGAL FORMATION OF OUR FOR-PROFIT ENTITY PEOPLE'S SOLAR ENERGY COOPERATIVE (REQUIRED FOR INVESTMENTS) AND THE SECURING OF A 5M LOAN GUARANTEE FROM CIGP (THE COMMUNITY INVESTMENTGUARANTEE PROGRAM), BOTH VITAL CATALYSTS FOR OUR MEMBERS' GROWTH. WE ALSO STARTED SHARED INSURANCE PRODUCTS, RESULTING IN OUR FIRST INSURANCE AGGREGATION POOL - BENEFITTING 11 MEMBER PROJECTS. PUBLIC OUTREACH: AS AN ORGANIZATION COMMITTED TO WORKING COLLABORATIVELY WITH KINDRED SISTER ORGANIZATIONS, PSEF WORKED IN 2022 TO STRENGTHEN ITS TIES TO AND ENGAGEMENT IN KEY COALITIONS SUCH AS THE ENERGY DEMOCRACY PROJECT (A NATIONAL COALITION EDUCATING AND ADVOCATING FOR AN END TO MONOPOLISTIC CORPORATE CONTROL OVER THIS FUNDAMENTAL HUMAN NEED), AND THE BLACK SOLIDARITY ECONOMY FUND (A NATIONAL NETWORK OF BLACK COOPS AND PROJECT OF THE NEW ECONOMY COALITION). SUCH PARTNERSHIPS ENHANCE EFFORTS FOR ADVOCACY AND FIELD- BUILDING, AND DEEPEN OUR TIES WITH ALLIED ORGANIZATIONS WORKING WITH FRONTLINE, IMPACTED COMMUNITIES. WE ALSO SPOKE ON A PANEL AT THE OPPORTUNITY FINANCE NETWORK REGARDING BIPOC (BLACK, INDIGENOUS, AND PEOPLE OF COLOR) REPRESENTATION IN NEW GUARANTEE PROGRAMS; AND WE HELPED PILOT- TEST AND OFFER DESIGN INPUT INTO THE FIRST COMMUNITY-SOLAR CERTIFICATION CURRICULUM (OFFERED BY THE UNIVERSITY OF NEW HAMPSHIRE). FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS FORM 990, PAGE 6, PART VI, LINE 7A THE MEMBERS ELECT THE BOARD. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS MAKE DECISIONS AT MEMBER MEETINGS THAT DIRECT THE BOARD. FORM 990, PAGE 6, PART VI, LINE 9 TIMOTHY DENHERDER-THOMAS 3100 LONGFELLOW AVENUE MINNEAPOLIS, MN 55407 LOREN WHITE 10101 USNHWY 212 JOLIET, MT 59041 GOPAL DAYANENI 441 AVON STREET OAKLAND, CA 94618 DENISE ABDUL-RAHMAN 4930 KILKENNY COURT INDIANAPOLIS, IN 46254 DENISE FAIRCHILD 3420 16TH ST. NW, UNIT 109 WASHINGTON, DC 20010 CRYSTAL HUANG 2670 HILGARD AVENUE BERKELEY, CA 94709 MILLARD OWENS 187 PROSPECT PL BROOKLYN, NY 11238 AMY BETTLE 1810 S CHARLES ST 303 SEATTLE, WA 98144 JOSEPH MCNEIL 9299 HWY 24 126 FORT YATES, ND 58538 MELA MILES 24 OBIERNE PL ROXBURY, MA 02119 MMAKGANTSI MAFOJANE 2109 DAMUTH ST, APT A OAKLAND, CA 94602 POUYA NAJMAIE 296 NONOTUCK STREET FLORENCE, MA 01062 YUKI KIDDKORO 296 NONOTUCK STREET FLORENCE, MA 01062 ALISON ANDREWS 3959 ROUND TOP DR HONOLULU, HI 96822 JIM JOHNSON 3224 ROGERS AVE FORT WOTH, TX 76109 FORM 990, PAGE 6, PART VI, LINE 11B THE AUDIT COMMITTEE REVIEWS THE 990 AND PRESENTS IT TO THE BOARD FOR REVIEW AND APPROVAL. FORM 990, PAGE 6, PART VI, LINE 12C A COPY OF THE CONFLICT OF INTEREST STATEMENT SHALL BE FURNISHED TO EACH DIRECTOR, OFFICER, AND STAFF MEMBER WHO IS PRESENTLY SERVING THE CORPORATION, OR WHO MAY HEREAFTER BECOME ASSOCIATED WITH THE CORPORATION. THIS POLICY SHALL BE REVIEWED PERIODICALLY FOR THE INFORMATION AND GUIDANCE OF DIRECTORS, OFFICERS AND STAFF MEMBERS. ANY NEW DIRECTORS, OFFICERS, OR STAFF MEMBERS SHALL BE ADVISED OF THIS POLICY UPON UNDERTAKING THE DUTIES OF SUCH OFFICE. ANNUALLY, EACH TRUSTEE, OFFICER, MEMBER OF A COMMITTEE WITH BOARD-DELEGATED POWERS,AND EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT THAT AFFIRMS THAT SUCH PERSON; 1.HAS RECEIVED A COPY OF THE CONFLICT-OF-INTEREST POLICY, 2.HAS READ AND UNDERSTANDS THE POLICY, 3.HAS AGREED TO COMPLY WITH THE POLICY, AND 4.UNDERSTANDS THAT PSEF IS A CHARITABLE ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DEVELOPED A FINANCIAL PLAN AND ASSIGNED COMPENSATION LEVELS. FORM 990, PAGE 6, PART VI, LINE 15B THE BOARD DEVELOPED A FINANCIAL PLAN AND ASSIGNED COMPENSATION LEVELS. FORM 990, PAGE 6, PART VI, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST. NO REQUESTS FOR INFORMATION WERE MADE DURING THE YEAR.