Energy Outreach Colorado
Meets Standards
Standards For Charity Accountability
Governance
-
Board Oversight
-
Board Size
-
Board Meetings
-
Board Compensation
-
Conflict of Interest
Measuring Effectiveness
-
Effectiveness Policy
-
Effectiveness Report
Finances
-
Program Expenses
-
Fundraising Expenses
-
Accumulating Funds
-
Audit Report
-
Detailed Expense Breakdown
-
Accurate Expense Reporting
-
Budget Plan
Fundraising & Info
-
Truthful Materials
-
Annual Report
-
Website Disclosures
-
Donor Privacy
-
Cause Marketing Disclosures
-
Complaints
Energy Outreach Colorado meets the 20 Standards for Charity Accountability.
Stated Purpose:
"to provide energy assistance and energy efficiency programs to income-qualified Coloradans."
Year, State Incorporated:
1989, CO
Energy Outreach Colorado (EOC) reports that it is dedicated to keeping Colorado homes healthy and safe through access to affordable home energy. The organization provides bill payment assistance, emergency repair or replacement of heating systems, energy efficiency upgrades, and access to community solar power for income-qualified Coloradans. EOC’s Nonprofit Energy Efficiency Program (NEEP) offers energy assessments and grant funding for the purchase and installation of efficient lighting, insulation, low-flow fixtures, and Heating, Ventilation, and Air Conditioning systems to other organizations that serve income-qualified Coloradans. In 2023, the organization reported it produced 10.8 million kilowatt-hours of solar power, served 38,289 households across all programs, and provided bill payment assistance to 26,561 households.
For the year ended September 30, 2023, Energy Outreach Colorado's program expenses were:
| EOC cash assistance program | $23,815,245 |
| Crisis intervention program | $11,099,951 |
| Energy Assistance System Benefit Charge programs | $9,841,763 |
| Energy solutions grants | $7,855,746 |
| Weatherization assistance for low-income persons | $4,526,951 |
| Nonprofit energy efficiency programs | $2,350,630 |
| Other programs | $1,994,579 |
| Advocacy programs | $726,828 |
| Central 70 | $98,851 |
| Total Program Expenses | $62,310,544 |
Chief Executive
Jennifer Gremmert, Chief Executive Officer
Compensation*
$465,380
Chair of the Board
Moe Tabrizi
Chair's Profession / Business Affiliation
Retired
Board Size
20
Paid Staff Size
52
*2022 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Direct mail appeals, Planned giving arrangements, Print advertisements (newspapers, magazines, etc.), Television
Fundraising costs were 2% of related contributions. (Related contributions, which totaled $68,775,280, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Energy Outreach Colorado's audited financial statements for the year ended September 30, 2023.
Source of Funds
| Utility and corporate contributions | $49,449,279 |
| Other government funding | $16,168,017 |
| Customer contributions | $2,080,589 |
| Investment income | $2,012,429 |
| Foundation grants | $880,794 |
| Other income | $703,020 |
| Owner participation | $626,327 |
| Special events, net | $196,601 |
| Total Income | $72,117,056 |
Programs: 95% Fundraising: 2% Administrative: 3%
| Total Income | $72,117,056 |
| Total expenses: | $65,511,485 |
| Program expenses | $62,310,544 |
| Fundraising expenses | $1,365,940 |
| Administrative expenses | $1,835,001 |
| Other expenses | $0 |
| Income in Excess of Expenses | $6,605,571 |
| Beginning Net Assets | $32,307,809 |
| Other Changes In Net Assets | $0 |
| Ending Net Assets | $38,913,380 |
| Total Liabilities | $4,806,980 |
| Total Assets | $43,720,360 |
An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.
This report is not to be used for fundraising or promotional purposes.
RELATED CONTENT
-
Meets Standards
-
Standards Not Met
-
Did Not Disclose
-
Review in Progress
-
Unable to Verify
Report completed by:
BBB Wise Giving Alliance