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CHARITY REVIEW
Issued: October 2024 Expires: October 2026

Energy Outreach Colorado

Accredited Charity
Accredited Charity

Meets Standards

303 East 17th Avenue, Suite 405
Denver, CO, 80203

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. 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:

Energy Assistance System Benefit Charge programs $9,841,763
EOC cash assistance program $23,815,245
Energy solutions grants $7,855,746
Crisis intervention program $11,099,951
Nonprofit energy efficiency programs $2,350,630
Advocacy programs $726,828
Weatherization assistance for low-income persons $4,526,951
Central 70 $98,851
Other programs $1,994,579
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, Radio, Special events, Corporate solicitation

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
Special events, net $196,601
Owner participation $626,327
Other income $703,020
Foundation grants $880,794
Investment income $2,012,429
Customer contributions $2,080,589
Other government funding $16,168,017
Utility and corporate contributions $49,449,279
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.

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Report completed by:
BBB Wise Giving Alliance