2024-08-14T17:24:32-05:00 2023-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1400 PORTLAND OR 97205 990 2023-01-01 931313663 ENERGY TRUST OF OREGON INC ENER 5034938888 421 SW OAK STREET 300 PORTLAND OR 97204 MICHAEL COLGROVE EXECUTIVE DIRECTOR 5035481599 2024-08-13 1 1 WENDY CAMPOS P00448102 5032421447 2024-08-13 2023 2024-08-08 14:25:15Z MICHAEL COLGROVE 421 SW OAK STREET SUITE 300 PORTLAND OR 97204 222712591 0 X WWW.ENERGYTRUST.ORG X 2002 OR ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE. 13 13 163 56 0 0 206756631 219475447 0 0 420113 3223718 0 13426 207176744 222712591 125177 153550 0 0 17840774 20971838 0 0 0 164284636 204252070 182250587 225377458 24926157 -2664867 121881969 128520504 32571780 41875379 89310189 86645125 ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE. 0 0 194574345 EFFICIENCY PROGRAMS BRING ENERGY SAVINGS OPPORTUNITIES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS THROUGHOUT OREGON, AND TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN PARTS OF SW WASHINGTON STATE. IN 2023, ELECTRIC EFFICIENCY PROJECTS SAVED 53.1 AMW OF ELECTRICITY. GAS EFFICIENCY PROJECTS COMPLETED IN 2023 SAVED 6.8 MILLION ANNUAL THERMS OF NATURAL GAS. 16461115 RENEWABLES PROGRAMS BRING ENERGY GENERATION OPPORTUNITIES TO RESIDENTIAL AND BUSINESS CUSTOMERS THROUGHOUT OREGON. IN 2023, RENEWABLE ENERGY PROJECTS ACHIEVED 6.7 AMW IN NEW GENERATION. 1379507 153550 LMI, COMMUNITY SOLAR, PGE SMART BETTERY, NWN GEO TLM PHASE 3, NREL, SALMON, FEMA, PGE SMART INVERTER, ODOE COOLING, PGE FLEX FEEDER 212414967 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 876 0 1 163 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X CHRIS DUNNING CHIEF FINANCIAL OFFI 5035481599 421 SW OAK STREET SUITE 300 PORTLAND OR 97204 MICHAEL COLGROVE EXECUTIVE DIRECTOR 40.00 X 267237 0 37669 DEBORAH MENASHE DIRECTOR OF LEGAL AND PEOPLE 40.00 X 230414 0 25459 SCOTT CLARK IT DIRECTOR 40.00 X 225443 0 35286 FRED GORDON DIRECTOR OF PLANNING & EVALUATION 40.00 X 205291 0 39074 TRACY SCOTT ENERGY PROGRAMS DIRECTOR 40.00 X 204871 0 23361 AMBER COLE DIRECTOR OF COMMUNICATIONS 40.00 X 198256 0 44277 CHRISTOPHER DUNNING CHIEF FINANCIAL OFFICER 40.00 X 191033 0 38339 HENRY LORENZEN PRESIDENT 4.00 X X 0 0 0 ROLAND RISSER VICE PRESIDENT 1.75 X X 0 0 0 SUSAN BRODAHL TREASURER 3.25 X X 0 0 0 ERIC HAYES SECRETARY 1.75 X X 0 0 0 ANNE ROOT BOARD MEMBER 2.00 X 0 0 0 BILL TOVEY BOARD MEMBER 2.25 X 0 0 0 ELLEN ZUCKERMAN BOARD MEMBER 2.00 X 0 0 0 ELLSWORTH LANG BOARD MEMBER 2.00 X 0 0 0 THELMA FLEMING BOARD MEMBER 2.00 X 0 0 0 JANE PETERS BOARD MEMBER 2.25 X 0 0 0 MELISSA CRIBBENS BOARD MEMBER 3.75 X 0 0 0 PETER THERKELSEN BOARD MEMBER 2.25 X 0 0 0 SILVIA TANNER BOARD MEMBER 2.00 X 0 0 0 1522545 0 243465 122 0 1 0 CLEARESULT CONSULTING INC 4301 WESTBANK DRIVE SUITE 250-A AUSTIN TX 78746 PROGRAM DELIVERY 56438045 TRC ENVIRONMENTAL CORPORATION 21 GRIFFIN ROAD NORTH WINDSOR CT 06095 PROGRAM DELIVERY 18699924 ENERGY 350 INC 1033 SE MAIN STREET SUITE 1 PORTLAND OR 97214 PROGRAM DELIVERY 9175821 NORTHWEST ENERGY EFFICIENCY ALLIANCE 421 SW 6TH AVENUE PORTLAND OR 972041629 PROGRAM DELIVERY 7214115 TRC ENGINEERS INC 21 GRIFFIN ROAD NORTH WINDSOR CT 06095 PROGRAM DELIVERY 3692866 110 219469424 6023 2460 219475447 3223718 3223718 CONSULTING REVENUE 900099 13426 13426 13426 222712591 0 0 3237144 X 153550 153550 534277 534277 15506332 9203902 6302430 951025 508953 442072 2769262 1589555 1179707 1210942 704119 506823 23368 23368 98495 98495 73862771 72509464 1353307 3595178 2174260 1420918 73858 37244 36614 1125384 896310 229074 926725 549650 377075 209257 98789 110468 198246 98433 99813 11170 11170 343489 232104 111385 143685 85189 58496 INCENTIVES 123122595 123122595 CUSTOMER SUPPORT 273116 273116 DUES, LICENSES, AND FEE 234007 167008 66999 MISCELLANEOUS EXPENSE 10726 10726 225377458 212414967 12962491 0 3010300 3003000 110266376 117484305 218587 473768 1282331 1288151 2615428 2808010 6510787 6094155 660287 416632 3828660 3046638 121881969 128520504 27528394 38219891 5043386 3655488 32571780 41875379 X 89310189 86645125 89310189 86645125 121881969 128520504 -2664867 -197 0 X 0 1 X 1 0 X 185689277 178662472 194128525 206756631 219475447 984712352 185689277 178662472 194128525 206756631 219475447 984712352 984712352 1599363 497535 162840 420113 3223718 5903569 61009 41330 13426 115765 990731686 0.99390 0.99600 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FFCRA CREDITS CONSULTING INCOME RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 654214 584511 69703 5856573 5509644 346929 416632 LEASE LIABILITY 2123041 DEFERRED REVENUE 1532447 3655488 X 222712394 -197 -197 222712591 0 222712591 225377458 0 225377458 0 225377458 PART X, LINE 2: ENERGY TRUST IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS, AS ENERGY TRUST HAS NO ACTIVITIES SUBJECT TO UNRELATED BUSINESS INCOME TAX. ENERGY TRUST IS NOT A PRIVATE FOUNDATION. ENERGY TRUST RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. ENERGY TRUST RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN MANAGEMENT AND GENERAL EXPENSE. ENERGY TRUST HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2023 OR 2022. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2023 OR 2022. ENERGY TRUST FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. 1 350 DESCHUTES PO BOX 1664 BEND OR 97709 475198905 501(C)(3) 10000 0 SUPPORTED MULTILINGUAL DIRECT OUTREACH TO INFORM MADRAS HIGH SCHOOL COMMUNITY ABOUT CLEAN ENERGY. BIENESTAR INC PO BOX 665 HILLSBORO OR 97123 930860753 501(C)(3) 10000 0 SUPPORT STAFF AND 109 HOUSEHOLDS LEARN ABOUT ENERGY EFFICIENCY AND CLEAN ENERGY. ETHIOPIAN AND ERITREAN CULTURAL AND RESOUCE CENTER 1515 SE 122ND AVE STE 501 PORTLAND OR 97233 822848405 501(C)(3) 10000 0 SUPPORT LAUNCH OF A CULTURALLY SPECIFIC OUREACH CAMPAIGN TO EXPAND ENERGY TRUST OFFERS TO COMMUNITY. LAKE COUNTY RESOURCES INITIATIVE 100 NORTH D STREET STE 202 LAKEVIEW OR 97630 931330699 501(C)(3) 10000 0 CONDUCT A MULTI-DAY ENERGY FOCUSED EDUCATIONAL WORKSHOP AT LAKEVIEW HIGH SCHOOL. LATINOBUILT FOUNDATION 10006 SW CANYON RD PORTLAND OR 97225 843334408 501(C)(3) 10000 0 CONDUCT ONE-ON-ONE MENTORSHIP WITH CONTRACTORS AND ENHANCE GREEN BUILDING TECHNICAL EDUCATION. LLOYD ECODISTRICT 2203 LLOYD CENTER PORTLAND OR 97232 455114020 501(C)(3) 10000 0 SUPPORT THREE ENERGY WORKSHOPS TO HELP MULTIFAMILY TENANTS AND HOMEOWNERS LEARN STRATEGIES TO REDUCE ENERGY USE. METROPOLITAN FAMILY SERVICE 1010 SE STARK ST PORTLAND OR 97214 930397825 501(C)(3) 10000 0 SUPPORT OUTREACH AND BRING AWARENESS ABOUT ENERGY TRUST OFFERS AND SERVICES. OREGON NATIVE AMERICAN CHAMBER 4445 S BARBUR BLVD STE 105 PORTLAND OR 97239 260302137 501(C)(3) 10000 0 SUPPORT THE HIRE OF A PROGRAM MANAGER TO SUPPORT THEIR CLEAN ENERGY PROGRAM. SEEDS FOR THE SOL 1333 NW 17TH ST CORVALLIS OR 97330 464168860 501(C)(3) 8320 0 SUPPORT REVOLVE LOAN PROGRAM, HOME ENERGY ASSESSMENTS AND INSTALL OF ENERGY MEASURES. SOLAR OREGON 721 NW 9TH AVE STE 280 PORTLAND OR 97209 930805016 501(C)(3) 10000 0 SUPPORT DEI ACTIVITIES TO EQUITABLY SERVE OREGONIANS AND PROVIDE BETTER INFORMATION ON SOLAR AND SOLAR RELATED OFFERS. SOLARIZE ROGUE 153 E WAGNER ST NO 1483 TALENT OR 97540 611851024 501(C)(3) 10000 0 LAUNCH AN OUTREACH CAMPAIGN AIMED TO EDUCATE AND ENROLL COMMUNITY MEMBERS IN SOLAR PROJECTS. UMPQUA COMMUNITY DEVELOPMENT CORPORATIONNEIGHBORWORKS UMPQUA 605 SE KANE ST ROSEBURG OR 97470 931057208 501(C)(3) 10000 0 SUPPORT IN-PERSON OUTREACH TO THEIR CUSTOMERS. 20 PART I, LINE 2: ENERGY TRUST REQUIRES ALL GRANTEES TO SUBMIT A FINAL REPORT ONCE THEIR GRANT ACTIVITIES HAVE CONCLUDED. THAT FINAL REPORT ASKS THE GRANTEE TO DESCRIBE THE RESULTS FROM THE FUNDED ACTIVITIES, DATA AND INFORMATION ON CUSTOMERS ENGAGED IF PART OF THE ACTIVITIES FUNDED, AND EXPENSES PAID BY COST CATEGORY, AMOUNT, DESCRIPTION, AND NOTES. ADDITIONALLY, ENERGY TRUST CREATES OPPORTUNITIES THROUGHOUT THE GRANT CYCLE TO PROVIDE TECHNICAL SUPPORT FOR GRANTEES, MEET WITH GRANTEES, AND AID IN THE IMPLEMENTATION OF GRANT ACTIVITIES IF REQUESTED. BASED ON OUR LEARNING FROM EACH ROUND OF GRANTS, WE COMPILE A FINAL REPORT WITH THE INFORMATION WE GATHERED AND WAS PROVIDED BY EACH GRANTEE IN THEIR INDIVIDUAL REPORTS. X X X X 0 1 0 0 0 0 0 0 0 MICHAEL COLGROVE EXECUTIVE DIRECTOR 266364 0 0 0 873 0 16245 0 21424 0 304906 0 0 0 DEBORAH MENASHE DIRECTOR OF LEGAL AND PEOPLE 228797 0 0 0 1617 0 13914 0 11545 0 255873 0 0 0 SCOTT CLARK IT DIRECTOR 224224 0 0 0 1219 0 13516 0 21770 0 260729 0 0 0 FRED GORDON DIRECTOR OF PLANNING & EVALUATION 203649 0 0 0 1642 0 12448 0 26626 0 244365 0 0 0 TRACY SCOTT ENERGY PROGRAMS DIRECTOR 203260 0 0 0 1611 0 12360 0 11001 0 228232 0 0 0 AMBER COLE DIRECTOR OF COMMUNICATIONS 197388 0 0 0 868 0 12084 0 32193 0 242533 0 0 0 CHRISTOPHER DUNNING CHIEF FINANCIAL OFFICER 190388 0 0 0 645 0 12026 0 26313 0 229372 0 0 0 SCHEDULE J, PART I, QUESTION 4B ENERGY TRUST SPONSORS A NONQUALIFIED DEFERRED COMPENSATION PLAN FOR SELECTED EMPLOYEES. INVESTMENTS ARE OWNED BY ENERGY TRUST AND MANAGED INDIVIDUALLY BY EACH PARTICIPANT. AT THE TIME AN EMPLOYER CONTRIBUTION IS MADE, THE BOARD OF DIRECTORS WILL, IN ITS SOLE DISCRETION, DETERMINE WHETHER THE EMPLOYER CONTRIBUTION WILL BE INITIALLY FULLY VESTED OR WILL BECOME VESTED IN ACCORDANCE WITH VESTING TERMS DESIGNATED BY THE BOARD OF DIRECTORS. ENERGY TRUST DID NOT MAKE DISCRETIONARY CONTRIBUTIONS TO THE PLAN DURING THE YEARS ENDED DECEMBER 31, 2023 OR 2022. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 CONTENT AND FINANCIAL INFORMATION IS DEVELOPED BY ACCOUNTING PERSONNEL AND REVIEWED BY THE CHIEF FINANCIAL OFFICER. IT IS REVIEWED IN FULL WHEN A DRAFT IS AVAILABLE FROM OUTSIDE ACCOUNTANTS. A COPY OF THE DRAFT FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND DISCUSSION BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL DIRECTORS AND MANAGEMENT TEAM MEMBERS DISCLOSE IN WRITING TO THE PRESIDENT, THE OTHER DIRECTORS AND THE OPUC (OREGON PUBLIC UTILITY COMMISSION), ON SUCH FORMS AND IN SUCH FORMATS ESTABLISHED BY THE DIRECTORS AND THE OPUC, ANY RELATIONSHIPS THAT MAY BE DEEMED A "DIRECT OR INDIRECT CONFLICT OF INTEREST," AS DEFINED BY STATE LAW AND IN OUR CONFLICT OF INTEREST POLICY AND AS MAY BE AMENDED AND INTERPRETED FROM TIME TO TIME. ANY SUCH DISCLOSURE SHALL BE DULY RECORDED IN THE MINUTES. IF THE MEMBER MAKES FULL DISCLOSURE OF THE NATURE AND DETAILS OF THE CONFLICT, THE MEMBER MAY THEREAFTER ENGAGE IN ANY DISCUSSION ON THE MATTER AND MAY VOTE, UNLESS THE BOARD OF DIRECTORS BELIEVES THAT THE NATURE AND EXTENT OF THE CONFLICT OF INTEREST WARRANTS THE DIRECTOR'S EXCLUSION FROM EITHER OR BOTH THE DISCUSSION AND VOTE. IF THE MEMBER DOES NOT MAKE FULL DISCLOSURE, HE OR SHE THEREAFTER MUST LEAVE THE MEETING ROOM DURING ANY DISCUSSION OR VOTE ON THE MATTER. THE ORGANIZATION ENSURES THAT EACH DIRECTOR AND EMPLOYEE HAS FILED A DISCLOSURE FORM ANNUALLY. ANY DIRECTOR WHO FAILS TO COMPLY WITH DISCLOSURE REQUIREMENTS MAY BE REMOVED BY THE OREGON PUBLIC UTILITY COMMISSION. FORM 990, PART VI, SECTION B, LINE 15 ENERGY TRUST STRIVES TO COMPENSATE EMPLOYEES IN A MANNER THAT PROVIDES A COMPETITIVE ADVANTAGE IN ATTRACTING AND RETAINING EXTRAORDINARILY TALENTED INDIVIDUALS. ENERGY TRUST ENCOURAGES AND REWARDS HIGH PERFORMING INDIVIDUALS WHO EXCEL IN THEIR POSITION AND THEREFORE CONTRIBUTE TO THE COMPANY'S SUCCESS. TO KEEP THE COMPENSATION PROGRAM TARGETED TO THE MARKET TREND, HUMAN RESOURCES WILL ANNUALLY REVIEW THE COMPENSATION PROGRAM OVERALL, PERFORM PARTICULAR JOB ANALYSIS AS NEEDED, AND THEN EVERY TWO-THREE YEARS PERFORM A COMPREHENSIVE REVIEW OF THE ENTIRE SALARY STRUCTURE WITH THE ASSISTANCE OF A PROFESSIONAL COMPENSATION SPECIALIST. AN EMPLOYEE'S BASE COMPENSATION IS DETERMINED BY VARIOUS COMPONENTS: JOB SKILLS, EXPERIENCE, PERFORMANCE IN THE JOB, COMPARABLE WORTH OF THE POSITION WITHIN THE COMPANY, GENERAL MARKET AND GEOGRAPHIC LOCATION. ENERGY TRUST WILL CONTINUE TO EXERCISE CONSIDERABLE JUDGMENT AND INTERPRETATION IN OUR USE OF THIS DATA. ENERGY TRUST GENERALLY HAS AN ANNUAL REVIEW AND MERIT PROCESS FOR PERFORMANCE EVALUATION AND SALARY PLANNING. IT IS THE MECHANISM USED BY MANAGEMENT TO INCREASE BASE SALARY TO APPROPRIATELY REWARD EMPLOYEES FOR THEIR JOB PERFORMANCE. THE BOARD OF DIRECTORS OF ENERGY TRUST ANNUALLY APPOINTS AN EXECUTIVE DIRECTOR REVIEW COMMITTEE, WHOSE MEMBERS ARE CHARGED WITH THE RESPONSIBILITY OF REVIEWING THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND RECOMMENDING ANY MERIT INCREASE. THIS COMMITTEE IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. WHEN THE EXECUTIVE DIRECTOR REVIEW COMMITTEE IS CONSIDERING COMPENSATION TO THE EXECUTIVE DIRECTOR, IT ALSO RELIES ON THE COMPARABILITY DATA DESCRIBED ABOVE THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. ANY MERIT INCREASE RECOMMENDED BY THE EXECUTIVE DIRECTOR REVIEW COMMITTEE IS VOTED ON BY THE BOARD OF DIRECTORS IN PUBLIC. THE LAST EXECUTIVE DIRECTOR MERIT INCREASE WAS APPROVED BY THE BOARD OF DIRECTORS ON APRIL 12, 2023 AND MADE EFFECTIVE JANUARY 1, 2023. FORM 990, PART VI, SECTION C, LINE 19 ENERGY TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE: WWW.ENERGYTRUST.ORG. FORM 990, PART IX, LINE 11G PROGRAM DELIVERY SUBCONTRACTS: PROGRAM SERVICE EXPENSES 67,434,736. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 67,434,736. AGENCY CONTRACTOR SERVICES: PROGRAM SERVICE EXPENSES 4,701,049. MANAGEMENT AND GENERAL EXPENSES 766,113. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,467,162. OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 373,679. MANAGEMENT AND GENERAL EXPENSES 587,194. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 960,873.