2024-10-30T09:21:35-04:00 2023-12-31 463169148 DAVISKELLY LLP 42 MILL ROAD WILMINGTON MA 01887 990 2023-01-01 843011433 PEOPLE'S SOLAR ENERGY FUND PEOP 2039163490 82 WENDELL AVE SUITE 100 PITTSFIELD MA 01201 MMAKGANTSI MAFOJANE CO-DIRECTOR 4137728898 2024-10-25 true false RANDALL S DAVIS P10427372 9787648966 2024-10-30 2023 2024-10-15 13:58:12Z X AMY BETTLE 1810 S CHARLES ST 303 SEATTLE WA 98144 1254539 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. 9 9 17 0 738000 1200000 16277 49953 400 4586 0 754677 1254539 97700 34000 0 467453 472842 14005 69696 111738 108118 676891 628965 77786 625574 934788 1579408 86953 88425 847835 1490983 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 91633 24000 TRAINING THROUGH OUR 3 CAPACITY-BUILDING PROGRAMS: COMMUNITIES OF COLOR BUILDING SOLAR CAPACITY (CBSC), SOLAR LEADERS IN COMMUNITY (SLIC) AND MOVEMENT FOR SOLAR CAPACITY AND LEADERSHIP (MSCL), PSEF PROVIDED TRAINING AND FOSTERED CLOSE WORKING PARTNERSHIPS IN COMMUNITIES OF COLOR TO STRENGTHEN CAPACITY OF BIPOC-LED GROUPS TO HAVE A PLACE IN THE BURGEONING SOLAR MOVEMENT, AND, TO HELP MORE ADVANCED GROUPS PURSUE THE FEDERAL OFFERINGS WITH A PARTICULAR EYE TOWARDS THE CLIMATE, HEALTH, GREEN JOBS AND WEALTH-BUILDING PROMISE OF COMMUNITY-OWNED SOLAR. AS PART OF THIS COMMITMENT, WE EXPANDED OUR TEAM TO BETTER SUPPORT OUR CAPACITY-BUILDING EFFORTS. A TOTAL OF 40 INDIVIDUALS AND 12 GROUPS FROM 20 STATES AND PUERTO RICO PARTICIPATED IN OUR PROGRAMS. IN 2023, THE MSCL PROGRAM HELD 2 COHORTS, AND WE HOSTED 2 RETREATS, PROVIDING PARTICIPANTS WITH OPPORTUNITIES TO CONNECT, COLLABORATE, AND STRENGTHEN THEIR NETWORKS. FOLLOWING THESE PROGRAMS, SEVERAL ORGANIZATIONS APPLIED FOR PSEF MEMBERSHIP AND ARE NOW WORKING TOWARD DEVELOPING THEIR OWN COMMUNITY- OWNED SOLAR PROJECTS. 68515 10000 MEMBERSHIP IN 2023, PSEF EXPERIENCED GROWTH IN ITS MEMBERSHIP, WELCOMING TWO NEW MEMBERS, WAI?ANAE SUSTAINABILITY COOPERATIVE AND GREEN ENERGY JUSTICE CO-OP (GEJC), TO ITS COMMUNITY OF 24 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. 52338 LENDING PSEF OFFERS A BLEND OF FLEXIBLE, AFFORDABLE CAPITAL TO SUPPORT COMMUNITY- OWNED PROJECTS. TWO OF OUR MEMBERS RECENTLY BENEFITED FROM OUR PRE- DEVELOPMENT LOAN PROGRAM. GREEN ENERGY JUSTICE COOPERATIVE SECURED A 120,000 LOAN FOR THE DEVELOPMENT OF AN INNOVATIVE 9MW COMMUNITY-OWNED SOLAR PROJECT IN ILLINOIS. SIMILARLY, HOAHU ENERGY COOPERATIVE MOLOKA'I RECEIVED 55,000 TO SUPPORT THE FIRST COMMUNITY-OWNED SOLAR PROJECT ON THE ISLAND OF MOLOKA'I, HAWAII. OUR TEAM HAS ALSO DEDICATED SIGNIFICANT TIME TO REFINING OUR LENDING PROCESSES TO BETTER SERVE OUR MEMBERS' NEEDS. 136129 49953 REGRANTING 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 TO PROVIDE MORE FLEXIBLE EARLY STAGE FUNDS TO SUPPORT COMMUNITIES INNOVATING IN PROJECT STRUCTURE AND OWNERSHIP MODELS, AND MAXIMIZING OVERALL COMMUNITY BENEFIT. PROJECT FINANCE PSEF HAS BEEN PROACTIVELY ADAPTING TO THE CHANGES INTRODUCED BY THE INFLATION REDUCTION ACT, PARTICULARLY IN THE EVOLVING STRUCTURE OF TAX CREDITS. IN RESPONSE, WE HAVE EXPLORED DIRECT PAY OPTIONS AS AN ALTERNATIVE AND PROVIDED OUR MEMBERS WITH EXPERT LEGAL GUIDANCE ON THESE DEVELOPMENTS. LOOKING AHEAD, PSEF WILL CONTINUE TO FORGE PARTNERSHIPS WITH ALIGNED INVESTORS AND FUNDERS TO SECURE PROJECT FINANCING. SIMULTANEOUSLY, WE ARE STRENGTHENING OUR INTERNAL FINANCIAL INFRASTRUCTURE TO ENABLE MEMBERS TO ACCESS CRITICAL CAPITAL DIRECTLY THROUGH PSEF. ADDITIONALLY, WE REMAIN ACTIVE IN COALITIONS, WORKING TO LEVERAGE FEDERAL FUNDING OPPORTUNITIES FOR THE BENEFIT OF OUR MEMBERS. PSEC MANAGEMENT/ SHARED SERVICES AFTER ESTABLISHING OUR FOR-PROFIT ENTITY, PEOPLE'S SOLAR ENERGY COOPERATIVE, TO FACILITATE INVESTMENTS, WE LAUNCHED SHARED INSURANCE PRODUCTS FOR OUR MEMBERS. FOLLOWING THE SUCCESSFUL COMPLETION OF OUR FIRST INSURANCE AGGREGATION POOL, WE MOVED FORWARD WITH A SECOND POOL, BENEFITING 17 MEMBER PROJECTS. POLICY, PARTNERSHIPS & OUTREACH AS AN ORGANIZATION COMMITTED TO WORKING COLLABORATIVELY WITH KINDRED SISTER ORGANIZATIONS, PSEF WORKED IN 2023 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). WE ALSO ACTIVELY PARTICIPATED IN COALITIONS LIKE THE REGENERATIVE ECONOMIES NETWORK AND THE COMMUNITY POWER COALITION TO APPLY FOR FEDERAL FUNDING THROUGH THE GREENHOUSE GAS REDUCTION FUND'S CLEAN COMMUNITIES INVESTMENT ACCELERATOR AND SOLAR FOR ALL PROGRAMS. TECHNICAL ASSISTANCE 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 CONTINUE TO SUPPORT PEER CONSULTATIONS AMONG OUR MEMBERS TO ADVANCE THE DEVELOPMENT OF THEIR COMMUNITY SOLAR PROJECTS. A NOTABLE RESOURCE IN THESE EFFORTS IS THE FINANCIAL MODEL CREATED BY OUR FINANCIAL MODELING WORKING GROUP 136129 49953 348615 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 true false false false false false false false true false false false false false false false false false true 12 0 17 true false false false false false false false false false false false false false false X 9 9 false false false false true true true true true true false false true true true true true true true false MA X CEYDA DURMAZ DOGAN 2039163490 66 SUMMER ST UNIT 1110 STAMFORD CT 06901 MILLARD OWENS CO-DIRECTOR 40.00 X 150000 0 13503 MMAKGANTSI MAFOJANE CO-DIRECTOR 40.00 X 150000 0 3462 DENISE ABDUL-RAHMAN DIRECTOR 1.00 X 0 0 0 ALISON ANDREWS SECRETARY 2.00 X X 0 0 0 AMY BETTLE BOARD CHAIR 2.00 X X 0 0 0 GOPAL DAYANENI DIRECTOR 1.00 X 0 0 0 TIMOTHY DENHERDER-THOMAS DIRECTOR 1.00 X 0 0 0 CRYSTAL HUANG DIRECTOR 1.00 X 0 0 0 JIM JOHNSON TREASURER 2.00 X X 0 0 0 JOSEPH MCNEIL DIRECTOR 1.00 X 0 0 0 MELA MILES DIRECTOR 1.00 X 0 0 0 300000 16965 2 false true false 1200000 1200000 PROGAMMATIC INVESTMENT INCOME 525990 28453 28453 PROGRAM FEES 541610 21500 21500 49953 4586 4586 1254539 49953 4586 34000 34000 299834 164917 89950 44967 120623 55915 60908 3800 8677 4071 3480 1126 11355 4897 4509 1949 32353 16728 11776 3849 6988 75 6913 14005 14005 36184 27747 8437 1188 1188 19198 19198 989 989 21508 19865 1643 17900 17900 2500 2500 1663 1663 628965 348615 210654 69696 345874 734558 280400 534986 17719 83214 290795 226650 934788 1579408 36953 38425 50000 50000 86953 88425 X 585535 1158683 262300 332300 847835 1490983 934788 1579408 625574 17574 X false true X true false X 41500 825698 250000 738000 1200000 3055198 41500 825698 250000 738000 1200000 3055198 2081572 973626 400 4586 4986 3060184 79313 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED PROGRAMMATIC LOANS 226650 C 226650 1254539 1254539 1254539 628965 628965 628965 true SOCIAL AND ENVIRON ENTREPRENEURS 23564 CALABASAS RD SUITE 201 CALABASAS CA 91302 843011433 501C3 12000 ENERGY PROJECTS 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. X false false false false false false false false false MILLARD OWENS CO-DIRECTOR 150000 3462 10041 163503 MMAKGANTSI MAFOJANE CO-DIRECTOR 150000 3462 153462 ALISON ANDREWS DIRECTOR 55000 LOAN TO ORGANIZATION false GREEN ENERGY JUSTICE COOP REP FOR MEMBER 120000 LOAN TO ORGANZIATION false SCHEDULE L, PART V ALISON ANDREWS CURRENT BOARD CO-CHAIR AND FORMER CLERK OF PSEF BOARD. ALSO, WORKS AS A CONSULTANT WITH PSEF MEMBER HOAHU ENERGY COOPERATIVE MOLOKA'I. 55,000 LOAN TO HOAHU ENERGY COOPERATIVE MOLOKA'I. WASIU ADESOPE REPRESENTATIVE FOR THE MEMBER, GREEN ENERGY JUSTICE COOPERATIVE. 120,000O LOAN TO GREEN ENERGY JUSTICE COOPERATIVE. 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 TRAINING THROUGH OUR 3 CAPACITY-BUILDING PROGRAMS: COMMUNITIES OF COLOR BUILDING SOLAR CAPACITY (CBSC), SOLAR LEADERS IN COMMUNITY (SLIC) AND MOVEMENT FOR SOLAR CAPACITY AND LEADERSHIP (MSCL), PSEF PROVIDED TRAINING AND FOSTERED CLOSE WORKING PARTNERSHIPS IN COMMUNITIES OF COLOR TO STRENGTHEN CAPACITY OF BIPOC-LED GROUPS TO HAVE A PLACE IN THE BURGEONING SOLAR MOVEMENT, AND, TO HELP MORE ADVANCED GROUPS PURSUE THE FEDERAL OFFERINGS WITH A PARTICULAR EYE TOWARDS THE CLIMATE, HEALTH, GREEN JOBS AND WEALTH-BUILDING PROMISE OF COMMUNITY-OWNED SOLAR. AS PART OF THIS COMMITMENT, WE EXPANDED OUR TEAM TO BETTER SUPPORT OUR CAPACITY-BUILDING EFFORTS. A TOTAL OF 40 INDIVIDUALS AND 12 GROUPS FROM 20 STATES AND PUERTO RICO PARTICIPATED IN OUR PROGRAMS. IN 2023, THE MSCL PROGRAM HELD 2 COHORTS, AND WE HOSTED 2 RETREATS, PROVIDING PARTICIPANTS WITH OPPORTUNITIES TO CONNECT, COLLABORATE, AND STRENGTHEN THEIR NETWORKS. FOLLOWING THESE PROGRAMS, SEVERAL ORGANIZATIONS APPLIED FOR PSEF MEMBERSHIP AND ARE NOW WORKING TOWARD DEVELOPING THEIR OWN COMMUNITY- OWNED SOLAR PROJECTS. FORM 990, PAGE 2, PART III, LINE 4B MEMBERSHIP IN 2023, PSEF EXPERIENCED GROWTH IN ITS MEMBERSHIP, WELCOMING TWO NEW MEMBERS, WAI?ANAE SUSTAINABILITY COOPERATIVE AND GREEN ENERGY JUSTICE CO-OP (GEJC), TO ITS COMMUNITY OF 24 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. FORM 990, PAGE 2, PART III, LINE 4D REGRANTING 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 TO PROVIDE MORE FLEXIBLE EARLY STAGE FUNDS TO SUPPORT COMMUNITIES INNOVATING IN PROJECT STRUCTURE AND OWNERSHIP MODELS, AND MAXIMIZING OVERALL COMMUNITY BENEFIT. PROJECT FINANCE PSEF HAS BEEN PROACTIVELY ADAPTING TO THE CHANGES INTRODUCED BY THE INFLATION REDUCTION ACT, PARTICULARLY IN THE EVOLVING STRUCTURE OF TAX CREDITS. IN RESPONSE, WE HAVE EXPLORED DIRECT PAY OPTIONS AS AN ALTERNATIVE AND PROVIDED OUR MEMBERS WITH EXPERT LEGAL GUIDANCE ON THESE DEVELOPMENTS. LOOKING AHEAD, PSEF WILL CONTINUE TO FORGE PARTNERSHIPS WITH ALIGNED INVESTORS AND FUNDERS TO SECURE PROJECT FINANCING. SIMULTANEOUSLY, WE ARE STRENGTHENING OUR INTERNAL FINANCIAL INFRASTRUCTURE TO ENABLE MEMBERS TO ACCESS CRITICAL CAPITAL DIRECTLY THROUGH PSEF. ADDITIONALLY, WE REMAIN ACTIVE IN COALITIONS, WORKING TO LEVERAGE FEDERAL FUNDING OPPORTUNITIES FOR THE BENEFIT OF OUR MEMBERS. PSEC MANAGEMENT/ SHARED SERVICES AFTER ESTABLISHING OUR FOR-PROFIT ENTITY, PEOPLE'S SOLAR ENERGY COOPERATIVE, TO FACILITATE INVESTMENTS, WE LAUNCHED SHARED INSURANCE PRODUCTS FOR OUR MEMBERS. FOLLOWING THE SUCCESSFUL COMPLETION OF OUR FIRST INSURANCE AGGREGATION POOL, WE MOVED FORWARD WITH A SECOND POOL, BENEFITING 17 MEMBER PROJECTS. POLICY, PARTNERSHIPS & OUTREACH AS AN ORGANIZATION COMMITTED TO WORKING COLLABORATIVELY WITH KINDRED SISTER ORGANIZATIONS, PSEF WORKED IN 2023 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). WE ALSO ACTIVELY PARTICIPATED IN COALITIONS LIKE THE REGENERATIVE ECONOMIES NETWORK AND THE COMMUNITY POWER COALITION TO APPLY FOR FEDERAL FUNDING THROUGH THE GREENHOUSE GAS REDUCTION FUND'S CLEAN COMMUNITIES INVESTMENT ACCELERATOR AND SOLAR FOR ALL PROGRAMS. TECHNICAL ASSISTANCE 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 CONTINUE TO SUPPORT PEER CONSULTATIONS AMONG OUR MEMBERS TO ADVANCE THE DEVELOPMENT OF THEIR COMMUNITY SOLAR PROJECTS. A NOTABLE RESOURCE IN THESE EFFORTS IS THE FINANCIAL MODEL CREATED BY OUR FINANCIAL MODELING WORKING GROUP 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 GOPAL DAYANENI 441 AVON STREET OAKLAND, CA 94618 DENISE ABDUL-RAHMAN 4930 KILKENNY COURT INDIANAPOLIS, IN 46254 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 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.