Energy Resource Center

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1979HousingEIN 84-0809393Revenue $20.2M in FY2024

On file with the IRSerc-co.org540 E Cimarron St, 80903-4435 · Colorado Spgs, COTax-exempt since Dec 1980Publicly supported charity — 170(b)(1)(A)(vi)

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Weatherization programs - to provide Energy conservation services and essential Energy conservation related repairs for low and moderate income households, and to provide Energy conservation education to the community.

501(c)(3) charity; gifts are tax-deductible.
92¢ of each $1 spent went to programs.
Run by 9 volunteers and 160 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $408K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
92%
of spending
Looks good: 92% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$322K
to officers and key staff · 2% of spending
Top officer’s pay lower than 65% of similar orgs
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.6M
51% of total assets
Fine: liabilities are 51% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$20.2M
+3% vs prior year
Spent
$19.6M
To programs
92%
Net assets
$4.4M
By yearFY2020–FY2024
Revenue
$20.2M
FY2024▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$11.5M
FY2021$16.2M
FY2022$15.2M
FY2023$17.7M
FY2024$19.6M
FY2024$20.2M
Expenses
$19.6M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$11.7M
FY2021$13.4M
FY2022$15.5M
FY2023$18.4M
FY2024$19.1M
FY2024$19.6M
Net assets
$4.4M
FY2024▲ +16%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.6M
FY2021$4.3M
FY2022$4.0M
FY2023$3.3M
FY2024$3.8M
FY2024$4.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 1980.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

92 cents of each dollar spent went to programs.

Program services 92% · $18.0M Management & general 7% · $1.4M Fundraising 1% · $116K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $322K paid to officers and key staff.

Part VII, Section A · reportable compensation
$182,120Pt VII · Sec A
$139,618Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Marcus Redden’s $182K as CEO is at the 35th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Howard O Brooks—$199,138$199,338$189,066$213,261$185,959
Marcus Redden$182,120$114,330————
Diamantina Stinson$139,618$108,433$56,263———
Sandra Hale—$59,854$124,399$107,734$118,998$113,824
Charles Sanchez———$122,717$110,137$101,092

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps low-income households save energy and make essential repairs, while educating the community.

Provided by the organization

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1 program · $18.0M · in their own filed words · FY2024
01

Weatherization Programs

Provided energy conservation services and essential energy conservation related repairs for low to moderate income households, and provided energy conservation education to the community. In addition, the corporation provided weatherization and combustion appliance repair to other customers in order to enhance energy conservation…

$18.0Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$20.2M
Ln 12
Gifts and grantsLn 1h$19.8M
Fees for servicesLn 2g$354K
Investment incomeLn 3$3K
Money outPt IX
$19.6M
Ln 25
Programscol B$18.0M
Managementcol C$1.4M
Fundraisingcol D$116K
Owns and owesPt X
$4.4M
net assets · Ln 32
Cash and savingsLn 1–2$575K
Total assetsLn 16$9.0M
LiabilitiesLn 26$4.6M
PeoplePt VI, VII
11
listed · VII A
PaidVII A2
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$19.8M
Government grantsLn 1e$16.2M
Fees for servicesLn 2g$354K
Investment incomeLn 3$3K
Total revenueLn 12$20.2M
Assets in detailPt X, end of year
CashLn 1$565K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$575K
InvestmentsLn 11–13$49K
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$1.3M
Total assetsLn 16$9.0M
LiabilitiesLn 26$4.6M
Net assetsLn 32$4.4M
OperationsPt I, VI
EmployeesI 5160
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$466K$575K
InvestmentsLn 11–13$12K$49K
Land, buildings, equipmentLn 10c$2.7M$2.5M
Total assetsLn 16$8.3M$9.0M
LiabilitiesLn 26$4.5M$4.6M
Net assetsLn 32$3.8M$4.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$288K$176K$98K$14K
Other salaries and wagesLn 7$7.1M$6.1M$951K$46K
Pension plan contributionsLn 8$114K$89K$23K$2K
Other employee benefitsLn 9$1.1M$915K$146K
Payroll taxesLn 10$577K$489K$82K$5K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$4.7M$4.7M$48K
Office expensesLn 13$88K$78K$10K
OccupancyLn 16$650K$549K$100K
TravelLn 17$270K$270K
InterestLn 20$17K$7K$10K
Depreciation, depletion and amortizationLn 22$357K$357K
InsuranceLn 23$448K$448K
Other expenses (24a–d)Ln 24$3.8M$3.8M$14K$2K
All other expensesLn 24e$89K$89K
Total functional expensesLn 25$19.6M$18.0M$1.4M$116K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $19.6M$19.1M$443K$3.8M 990 PDF
FY2023 $17.7M$18.4M−$642K$3.3M 990 PDF
FY2022 $15.2M$15.5M−$298K$4.0M 990 PDF
FY2021 $16.2M$13.4M$2.7M$4.3M 990 PDF
FY2020 $11.5M$11.7M−$193K$1.6M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $20,159,177 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,475,269$19,801,546
I-9 Program service revenuePrior year $1,095,647$354,268
I-10 Investment incomePrior year $6,767$3,363
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $19,577,683$20,159,177
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $8,242,462$9,096,110
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $10,891,781$10,459,992
I-18 Total expensesPrior year $19,134,243$19,556,102
I-19 Revenue less expensesPrior year $443,440$603,075
Part VI · Governance 9 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $20,159,177 across 6 lines filed
VIII-1e Government grants$16,151,933
VIII-1f All other contributions, gifts and grants$3,649,613
VIII-1h Total contributions, gifts and grants$19,801,546
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $354,268$354,268
VIII-3 Investment incomeExcluded from tax $3,363$3,363
VIII-12 Total revenueRelated to mission $354,268 · Unrelated business $0 · Excluded from tax $3,363$20,159,177
Part IX · Statement of functional expenses $19,556,102 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $176,370 · Management $98,085 · Fundraising $13,666$288,121
IX-7 Other salaries and wagesPrograms $6,058,838 · Management $950,926 · Fundraising $46,329$7,056,093
IX-8 Pension plan contributionsPrograms $88,777 · Management $23,235 · Fundraising $1,594$113,606
IX-9 Other employee benefitsPrograms $915,429 · Management $146,341$1,061,770
IX-10 Payroll taxesPrograms $489,464 · Management $82,347 · Fundraising $4,709$576,520
IX-11c Accounting feesPrograms $15,350$15,350
IX-11g Other fees for servicesPrograms $4,668,976 · Fundraising $48,109$4,717,085
IX-13 Office expensesPrograms $77,740 · Management $9,955$87,695
IX-16 OccupancyPrograms $549,217 · Management $100,359$649,576
IX-17 TravelPrograms $269,717$269,717
IX-20 InterestPrograms $7,405 · Management $9,883$17,288
IX-22 Depreciation, depletion and amortizationPrograms $357,115$357,115
IX-23 InsurancePrograms $447,830$447,830
IX-24 Other expenses (24a–d)Programs $3,793,670 · Management $13,565 · Fundraising $2,074$3,809,309
IX-24e All other expensesPrograms $89,027$89,027
IX-25 Total functional expensesPrograms $18,004,925 · Management $1,434,696 · Fundraising $116,481$19,556,102
Part X · Balance sheet $8,981,582 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $458,989$564,671
X-2 Savings and temporary cash investmentsStart of year $6,727$10,066
X-3 Pledges and grants receivableStart of year $2,979,307$3,992,074
X-8 Inventories for sale or useStart of year $344,233$299,442
X-9 Prepaid expenses and deferred chargesStart of year $256,546$278,946
X-10c Land, buildings and equipment, netStart of year $2,671,285$2,484,619
X-12 Other securitiesStart of year $11,775$49,456
X-15 Other assetsStart of year $1,589,058$1,302,308
X-16 Total assetsStart of year $8,317,920$8,981,582
X-17 Accounts payable and accrued expensesStart of year $1,477,015$1,804,927
X-19 Deferred revenueStart of year $877$877
X-25 Other liabilitiesStart of year $1,590,741$1,318,029
X-26 Total liabilitiesStart of year $4,526,318$4,586,905
X-27 Net assets without donor restrictionsStart of year $3,725,177$4,331,107
X-28 Net assets with donor restrictionsStart of year $66,425$63,570
X-32 Total net assets or fund balancesStart of year $3,791,602$4,394,677
X-33 Total liabilities and net assetsStart of year $8,317,920$8,981,582
Part XI · Reconciliation of net assets $4,394,677 net assets at year end
XI-1 Total revenue$20,159,177
XI-2 Total expenses$19,556,102
XI-3 Revenue less expenses$603,075
XI-4 Net assets at start of year$3,791,602
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,394,677

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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