NonprofitsInclusive Prosperity Capital Inc

Environment

Inclusive Prosperity Capital Inc

HARTFORD, CT

Total revenue

$10.8M

Total expenses

$9.8M

Net assets

$2.3M

Grants received

$4.3M

30 grants

EIN

830808658

Tax year

2024

Mission

Lessen the burdens of government through clean energy investment.

Programs

3 programs

Advisory and consulting services - ipc staff provides outsourced program administration and consulting services for clean energy financing programs to governments, nonprofits, lenders and other stakeholders. Ipc staff also provide advice to developers and commercial building owners on how to obtain funding and structure financing for renewable energy and energy efficiency projects. One such program is the smart-e loan program, which provides a low cost, long term loan option to single family homeowners for energy upgrades through a network of local lenders that are given access to a credit enhancement (if required) in exchange for offering the product. The program uses established pre-approved contractors to install these energy upgrades to reduce the building owner's energy burden. Ipc may either administer this program on behalf of a program sponsor or provide certain services, including the standardized programmatic approach, protocols, marketing and technology. Credit enhancements typically comprise interest rate buydowns and loan loss reserves maintained by the sponsor to support lender program loans. Ipc administers this program for the connecticut green bank, the program sponsor. The program is used to finance over forty qualifying energy improvements at owner-occupied, 1-4 unit residential properties in connecticut utilizing 10 local lenders (community banks and credit unions) and a network of over 350 eligible contractors.

Expenses: $3.2M

Multifamily and nonprofit loan program - this program provides financing, credit enhancements, and technical assistance for loans and grants made to owners of multifamily buildings for energy upgrades, single family lending and commercial and infrastructure lending.

Expenses: $1.7M

Solar for all program funded through the federal environmental protection agency.

Expenses: $818K

Financials

FY 2024

Revenue

Contributions & grants$6.8M
Program service revenue$4.0M
Investment income$39K
Other revenue
Total revenue$10.8M

Expenses

Grants paid
Salaries & benefits$4.3M
Fundraising$270K
Other expenses$5.5M
Total expenses$9.8M
Total assets$39.2M
Net assets$2.3M

People

16 listed

NameRoleCompensation

KERRY O'NEILL

CHIEF EXECUTIVE OFFICER

Board

$315K

40 hrs/wk

MUSA COLLIDGE-ASAD

CHIEF INVESTMENT OFFICER

Board

$241K

40 hrs/wk

MICHELE I KUNITZ

GENERAL COUNSEL/SECRETARY

Board

$218K

40 hrs/wk

MARK A DEBONEE

CHIEF FINANCIAL OFFICER

Board

$190K

40 hrs/wk

JOSEPH EVANS

DIRECTOR

Board

1 hrs/wk

ROBERTO HUNTER

DIRECTOR

Board

1 hrs/wk

DOUGLASS SIMS

DIRECTOR

Board

1 hrs/wk

ELIZABETH CRUM

CHAIRPERSON (THROUGH 6/27/24)

Board

1 hrs/wk

JAMES MCINTYRE

CHIEF STRATEGY OFFICER

Staff

$230K

40 hrs/wk

JOHN D'AGOSTINO

MANAGING DIRECTOR, CLEAN ENERGY

Staff

$196K

40 hrs/wk

CARMEN CARSON

CHIEF PEOPLE OFFICER

Staff

$183K

40 hrs/wk

MADELINE GEARING

NATIONAL DIRECTOR, SMART-E

Staff

$147K

40 hrs/wk

DAVID RYAN

ASSOC DIR CLEAN ENERGY

Staff

$144K

40 hrs/wk

BRIAN LIECHTI

SR MGR MARKET ENGAGEMENT

Staff

$121K

40 hrs/wk

MAZAHIR BOOTWALA

MANAGER, CLEAN ENERGY

Staff

$113K

40 hrs/wk

MELINDA MASON

COUNSEL

Staff

$112K

40 hrs/wk

Independent contractors

ENERWEALTH SOLUTIONS LLC

CONSULTING

$826K

DIGITAL EQUITY PARTNERS LLC

CONSULTING

$389K

EMERALD CONSULTING LLC

CONSULTING

$162K

RANGE RENEWABLE ADVISORS

CONSULTING

$101K

Grants received

Showing 30 of 30

FromAmountPurposeYear
$500K
ENSURING EQUITY IN THE CLEAN ENERGY TRANSITION: SCALING THE ENERWEALTH MODEL
2024
$202K
CENTERING UNREPRESENTED VOICES IN THE ENVIRONMENTAL MOVEMENT, ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS
2024
$200K
for general operating support
2024
$26K
Organizational Support
2024
$20K
ENVIRONMENTAL PROGRAMS
2024
$500K
For general operating support
2023
$250K
ENSURING EQUITY IN THE CLEAN ENERGY TRANSITION: SCALING THE ENERWEALTH MODEL
2023
$200K
For general operating support
2023
$100K
For general operating support
2023
$100K
CREATING A NATIONAL PLATFORM FOR CARBON-REDUCTION LENDING PRODUCTS THAT CAN BE LEVERAGED BY THE COMMUNITY DEVELOPMENT CLIMATE-FINANCE FIELD
2023
$100K
ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS
2023
$300K
ENVIRONMENTAL PROGRAMS
2022
$250K
SCALING THE ENERWEALTH SOLUTIONS MODEL
2022
$250K
SCALING THE ENERWEALTH SOLUTIONS MODEL
2022
$100K
For general operating support
2022
$100K
For general operating support
2022
$50K
ENCOURAGING A JUST TRANSITION AWAY FROM FOSSIL FUELS
2022
$100K
for general operating support
2021
$100K
for general operating support
2021
$100K
for general operating support
2021
$100K
for general operating support
2021
$67K
To support Midwest expansion of clean energy financing and explore the creation of a green bank in Minnesota
2020
$67K
To support Midwest expansion of clean energy financing and explore the creation of a green bank in Minnesota
2020
$50K
ACCELERATING THE AVAILABILITY OF FINANCING FOR CLEAN ENERGY AND OTHER RESILIENCE IMPROVEMENTS
2020
$33K
To support Midwest expansion of clean energy financing and explore the creation of a green bank in Minnesota
2020
$33K
To support Midwest expansion of clean energy financing and explore the creation of a green bank in Minnesota
2020

Funded by

$4.3M from 9 funders · 30 grants · 2020–2024

The McKnight Foundation

$1.8M · 14 grants · 2020–2024

Freedom Together Foundation

$1.3M · 4 grants · 2022–2024

The Schmidt Family Foundation

$352K · 3 grants · 2022–2024

Windward Fund

$320K · 2 grants · 2022–2024

Leon Lowenstein Foundation Inc

$225K · 2 grants · 2020–2021

The Kresge Foundation

$150K · 2 grants · 2020–2023

Clean And Prosperous America

$26K · 1 grant · 2024

Details

EIN830808658
NTEE codeC20
Subsection03
Ruling date2018-10
Formed2018
Employees0
Volunteers0
INCLUSIVE PROSPERITY CAPITAL INC — Mission, Financials & Grants Received | Grantivo