245 Pageviews Read Stories
- EIN 93-1029893
- (971) 386-2124
- 1020 Sw Taylor St Ste 620 Portland OR 97205-2506 USA
- www.oregonenergyfund.org
- Add to Favorites
Promote This Nonprofit
More Nonprofits
Nonprofit Overview
Causes: Centers to Support the Independence of Specific Populations, Emergency Assistance, Family Services, Homeless & Housing, Housing Expense Reduction Support, Human Services
Mission: To assist our neighbors in financial crisis with their energy bills to support household stability.
Programs: Oregon energy fund partnered with local community and social service organizations to deliver energy assistance to qualifying households. Oregon energy fund raises money to make payments directly to utilities or vendors on behalf of low-income customers. Oregon energy fund assisted approximately 1,750 households; 4,650 individuals which includes 1,550 children, 2,550 adults, and 550 seniors. Oregon energy fund's funds will be spent in accordance with their fiscal policy detailed in schedule o. Oregon energy fund's current policy is to collect funds in one fiscal year and release them for use in the next fiscal year, called "second year funding. " the policy has been largely applied to spending of restricted funds dedicated to energy assistance. Due to successful fundraising efforts, collection of unrestricted funds have grown and now exceed the amount needed for administration and fundraising. Continuing to reserve unrestricted funds for administration and fundraising will produce lower energy assistance funding and a growing ending balance (net assets) into the forseeable future. Recognizing that donors expect their funds to be used as much as possible to help people in need. The results of the current year activity can be found on the form 990, line 19. It may appear that heat oregon is spending more than it raises, but in fact all program expenses from line 13 are using funds raised in prior years.