Siap Solar INC

Edwardsville, ILUnknown exempt organizationEIN 99-2888899

This page gets seen. Tell your story. Claim this org.

Develop assets to supplement and reduce electricity expense for participating residents of Siap community electricity aggregation programs.

58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
41 mo
of spending, in cash
Looks good: 41.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.5M
86% of total assets
Concern: liabilities are 86% of assets; over 80%.
Pt X · Ln 26
Independent board members
0
of 5 voting members
Concern: none of 5 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$771K
Spent
$186K
To programs
58%
Net assets
$585K

From the FY2025 Form 990 (year ending March 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $108K Management & general 42% · $79K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
See Siap Solar INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 15aNo

Programs and updates

Helps residents save money on electricity by developing shared energy assets.

Provided by the organization

This section is blank until Siap Solar INC claims this page.

Know this organization? Claim it to add your story

2 program services account for $108K of program spending, described in the organization's own filed words · FY2024.
01

The costs of providing program services and other activities have been summarized on a functional basis in the statement of activities. Accordingly, certain costs have been allocated among program services, administrative and support, and fundraising services benefited. Such allocations are determined by management on an equitable basis.

$108Kprogram expense
02

Siap solar is collecting a "municipal fee" from the rate priority power secured 3 years ago for the municipalities participating in the siap solar intergovernmental agreement. For every KWH consumed, $0.001 per KWH is collected from participating residents and distributed to siap solar from homefield energy (the retail energy supplier…

Pt IX · col B

Run this program? Claim this org to tell your story

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$771K
Ln 12
Fees for servicesLn 2g$771K
Money outPt IX
$186K
Ln 25
Programscol B$108K
Managementcol C$79K
Owns and owesPt X
$585K
net assets · Ln 32
Cash and savingsLn 1–2$636K
Total assetsLn 16$4.0M
LiabilitiesLn 26$3.5M
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$771K
Total revenueLn 12$771K
Assets in detailPt X, end of year
CashLn 1$636K
Cash and savings togetherLn 1–2$636K
Other assetsLn 15$3.3M
Total assetsLn 16$4.0M
LiabilitiesLn 26$3.5M
Net assetsLn 32$585K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderMarch
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$636K
Total assetsLn 16$0$4.0M
LiabilitiesLn 26$0$3.5M
Net assetsLn 32$0$585K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$6K$6K
Other fees for servicesLn 11g$14K$14K
Office expensesLn 13$59K$59K
InterestLn 20$108K$108K
Other expenses (24a–d)Ln 24$509$509
Total functional expensesLn 25$186K$108K$79K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $771K$186K$585K$585K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2025 990 (4 parts)
Part VIII · Statement of revenue $771,205 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $771,205$771,205
VIII-12 Total revenueRelated to mission $771,205 · Unrelated business $0 · Excluded from tax $0$771,205
Part IX · Statement of functional expenses $186,362 across 5 lines filed
IX-11b Legal feesManagement $5,600$5,600
IX-11g Other fees for servicesManagement $14,000$14,000
IX-13 Office expensesManagement $58,599$58,599
IX-20 InterestPrograms $107,654$107,654
IX-24 Other expenses (24a–d)Management $509$509
IX-25 Total functional expensesPrograms $107,654 · Management $78,708 · Fundraising $0$186,362
Part X · Balance sheet $4,045,520 assets, 9 lines filed
X-1 Cash, non-interest-bearing$636,404
X-4 Accounts receivable$86,971
X-15 Other assetsStart of year $0$3,322,145
X-16 Total assetsStart of year $0$4,045,520
X-25 Other liabilitiesStart of year $0$3,460,677
X-26 Total liabilitiesStart of year $0$3,460,677
X-27 Net assets without donor restrictions$584,843
X-32 Total net assets or fund balancesStart of year $0$584,843
X-33 Total liabilities and net assetsStart of year $0$4,045,520
Part XI · Reconciliation of net assets $584,843 net assets at year end
XI-1 Total revenue$771,205
XI-2 Total expenses$186,362
XI-3 Revenue less expenses$584,843
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$584,843

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.