Civic Intelligence

Nc Greenpower Corporation

EIN 22-3895009 • 501(c)3 • Raleigh, NC

Profile

Nc greenpower (ncgp) is a statewide program designed to improve the quality of the environment by encouraging the development of renewable energy resources through consumers' voluntary funding of green power purchases by electric utilities in north carolina and the mitigation of greenhouse gas emissions through consumers' voluntary funding of carbon offsets. The program revenues will help provide financial incentives for generators of electricity from renewable sources and for developers of projects mitigating greenhouse gas emissions.

909 Capability DriveRaleigh, NC 27606-3870

www.ncgreenpower.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.12x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

74th percentile

0.32x

Higher debt load relative to revenue than 74% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

6th percentile

-52%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

11th percentile

-16%

Faster asset growth than 11% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

25th percentile

-6.8%

Faster revenue growth than 25% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets59th percentile

Assets

Down

$2,303,323

Down $435,757 (-16%) from 2023

Liabilities

Up

$280,639

Up $20,389 (+7.8%) from 2023

Net Assets

Down

$2,022,684

Down $456,146 (-18%) from 2023

Operations
Liabilities / Revenue74th percentileNet Margin6th percentile

Revenue

Down

$875,082

Down $63,544 (-6.8%) from 2023

Expenses

Down

$1,331,228

Down $86,686 (-6.1%) from 2023

Net Income

Up

-$456,146

Up $23,142 (+4.8%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0Assets 2010: $3,505,482Liabilities 2010: $318,615Net Assets 2010: $3,186,8672010Assets 2011: $3,304,534Liabilities 2011: $162,566Net Assets 2011: $3,141,9682011Assets 2012: $5,372,023Liabilities 2012: $401,696Net Assets 2012: $4,970,3272012Assets 2013: $5,318,803Liabilities 2013: $528,880Net Assets 2013: $4,789,9232013Assets 2014: $4,906,711Liabilities 2014: $400,810Net Assets 2014: $4,505,9012014Assets 2015: $4,768,912Liabilities 2015: $633,487Net Assets 2015: $4,135,4252015Assets 2016: $4,746,508Liabilities 2016: $799,195Net Assets 2016: $3,947,3132016Assets 2017: $4,479,956Liabilities 2017: $493,378Net Assets 2017: $3,986,5782017Assets 2018: $4,509,724Liabilities 2018: $294,624Net Assets 2018: $4,215,1002018Assets 2019: $4,385,679Liabilities 2019: $203,578Net Assets 2019: $4,182,1012019Assets 2020: $4,259,644Liabilities 2020: $373,296Net Assets 2020: $3,886,3482020Assets 2021: $3,961,735Liabilities 2021: $327,821Net Assets 2021: $3,633,9142021Assets 2022: $3,623,720Liabilities 2022: $665,602Net Assets 2022: $2,958,1182022Assets 2023: $2,739,080Liabilities 2023: $260,250Net Assets 2023: $2,478,8302023Assets 2024: $2,303,323Liabilities 2024: $280,639Net Assets 2024: $2,022,6842024

Highlighted filing

2024

Assets$2,303,323
Liabilities$280,639
Net Assets$2,022,684
Open 2024 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $1,238,5642010Expenses 2011: $1,117,2772011Expenses 2012: $2,508,3692012Revenue 2013: $1,645,005Expenses 2013: $1,867,409Net Income 2013: -$222,4042013Revenue 2014: $1,162,001Expenses 2014: $1,448,624Net Income 2014: -$286,6232014Revenue 2015: $1,102,865Expenses 2015: $1,473,340Net Income 2015: -$370,4752015Revenue 2016: $1,340,797Expenses 2016: $1,528,909Net Income 2016: -$188,1122016Revenue 2017: $989,755Expenses 2017: $950,488Net Income 2017: $39,2672017Revenue 2018: $1,419,946Expenses 2018: $1,191,424Net Income 2018: $228,5222018Revenue 2019: $924,655Expenses 2019: $957,655Net Income 2019: -$33,0002019Revenue 2020: $757,486Expenses 2020: $1,053,239Net Income 2020: -$295,7532020Revenue 2021: $905,963Expenses 2021: $1,158,397Net Income 2021: -$252,4342021Revenue 2022: $2,006,667Expenses 2022: $2,682,463Net Income 2022: -$675,7962022Revenue 2023: $938,626Expenses 2023: $1,417,914Net Income 2023: -$479,2882023Revenue 2024: $875,082Expenses 2024: $1,331,228Net Income 2024: -$456,1462024

Highlighted filing

2024

Revenue$875,082
Expenses$1,331,228
Net Income-$456,146
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$2,303,323
Liabilities
$280,639
Net assets
$2,022,684
Revenue
$875,082
Expenses
$1,331,228
Net income
-$456,146
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.30$0.28$2.02$0.88$1.33$0.46
2023Summary only. Only limited summary data is available for this year.$2.74$0.26$2.48$0.94$1.42$0.48
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.62$0.67$2.96$2.01$2.68$0.68
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.96$0.33$3.63$0.91$1.16$0.25
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.26$0.37$3.89$0.76$1.05$0.30
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.39$0.20$4.18$0.92$0.96$0.03
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$0.29$4.22$1.42$1.19$0.23
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.48$0.49$3.99$0.99$0.95$0.04
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.75$0.80$3.95$1.34$1.53$0.19
2015Detailed filing. Detailed filing data is available for this year.$4.77$0.63$4.14$1.10$1.47$0.37
2014Summary only. Only limited summary data is available for this year.$4.91$0.40$4.51$1.16$1.45$0.29
2013Detailed filing. Detailed filing data is available for this year.$5.32$0.53$4.79$1.65$1.87$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.37$0.40$4.97$2.51
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.30$0.16$3.14$1.12
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.51$0.32$3.19$1.24
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 1, 2023
Return Version
2022v5.0
Gross Receipts
$2,006,667
Mission and Program Overview

Mission

Nc greenpower (ncgp) is a statewide program designed to improve the quality of the environment by encouraging the development of renewable energy resources through consumers' voluntary funding of green power purchases by electric utilities in north carolina and the mitigation of greenhouse gas emissions through consumers' voluntary funding of carbon offsets. The program revenues will help provide financial incentives for generators of electricity from renewable sources and for developers of projects mitigating greenhouse gas emissions.

Nc greenpower's mission is to expand public knowledge and acceptance of cleaner energy technologies to all north carolinians through local, community based initiatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,428,713$3,170,092▼ $258,621
Cash and Non-Interest-Bearing Accounts$452,129$314,520▼ $137,609
Prepaid Expenses and Deferred Charges$22,561$67,171▲ $44,610
Accounts Receivable$4,171$53,622▲ $49,451
Inventories for Sale or Use$50,243$9,744▼ $40,499
Total Assets$3,961,735$3,623,720▼ $338,015
Other Assets Total$3,918$8,571▲ $4,653
Liabilities
Accounts Payable and Accrued Expenses$107,627$464,746▲ $357,119
Escrow Account Liability$220,194$200,856▼ $19,338
Total Liabilities$327,821$665,602▲ $337,781
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,633,914$2,958,118▼ $675,796
Total Net Assets Fund Balance$3,633,914$2,958,118▼ $675,796
Total Liabilities and Net Assets / Fund Balance$3,961,735$3,623,720▼ $338,015

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$57,576-
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeOtherTotal
Robert GoodsonPresident/ex-$255,977$255,977
Victoria MccannVice PresideFT$140,094$140,094

Board Members and Trustees

NameTitle
Julie WoosleyChair
Robert GoodsonPresident/exec. Director
Ewan PritchardVice Chair
Amy BerryDirector
Beth RitterDirector
Chris LarsenDirector
Derek WengerDirector
Jamie ApplequistDirector
Jennifer WeissDirector
Kenneth JenningsDirector
Michael YouthDirector
Roy JonesDirector
Sam WheelerDirector
Sharon AllanDirector
Ward LenzDirector
Connie OldhamSecretary
Katherine KollinsTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Nc Solar NowInstallation Sv2509 ATLANTIC AVE, Raleigh, NC 27604$582,027
Revenue and Support

Revenue Composition

Contributions and Grants
$1,951,276
Program Service Revenue
$0
Investment Income
$55,391
Other Revenue
$0
All Other Contributions
$1,153,935
Change in Net Assets
$-675,796

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,006,667
Total Revenue per Audited Statements
$2,006,667
Total Revenue per Form 990
$2,006,667
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,323,187
Grants and Similar Amounts Paid$359,276
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$359,276--$359,276
All Other Expenses$76,492$396-$76,888
Other Expenses$65,873$46,457-$65,873
Fees for Services Accounting-$53,900-$53,900
Advertising$32,774$172-$32,946
Fees for Services Legal$10,035$3,616-$13,651
Fees for Services Management$900$4,832-$5,732
Travel$1,538$1,368-$2,906
Office Expenses-$39-$39
Total Functional Expenses$2,569,139$113,324$0$2,682,463

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,682,463
Total Expenses per Audited Statements$2,682,463
Total Expenses per Form 990$2,682,463
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Mcclintock MiddleCharlotte, NC-Solar Education$26,383
Zebulon ElementaryZebulon, NC-Solar Education$22,415
Triangle Math and Science AcdCary, NC-Solar Education$19,931
George Watts ElementaryDurham, NC-Solar Education$19,915
Lincoln Heights Magnet ElementaryFuquayvarina, NC-Solar Education$16,834
John T Hoggard HighWilmington, NC-Solar Education$16,715
Shiloh Valley ElementaryMonroe, NC-Solar Education$12,794
Discovery Charter SchoolBahama, NC-Solar Education$12,000
MCGEE'S CROSSROADS MIDDLEBenson, NC-Solar Education$12,000
Hope AcademyConcord, NC-Solar Education$11,950
Camden MiddleCamden, NC-Solar Education$11,800
Traphill ElementaryTraphill, NC-Solar Education$11,800
Winston-salem MontessoriClemmons, NC-Solar Education$11,100
Watauga HighBoone, NC-Solar Education$11,000
Kingswood Stem Montessori ElemCary, NC-Solar Education$10,470
Friends School of WilmingtonWilmington, NC-Solar Education$10,377
Elon ElementaryElon, NC-Solar Education$10,350
Reaching All MindsDurham, NC-Solar Education$9,045
Brevard AcademyPisgah Forest, NC-Solar Education$8,483
Green Level HighCary, NC-Solar Education$8,101
Rockford ElementaryDobson, NC-Solar Education$7,500
Davidson K-8Davidson, NC-Solar Education$7,235
Triad Math and Science AcademyGreensboro, NC-Solar Education$7,045
Mountain View Intermediate SchoolFranklin, NC-Solar Education$6,803
Wake Stem Early College HighCary, NC-Solar Education$6,559
Rose Hill-magnolia ElementaryRose Hill, NC-Solar Education$6,387
South Stanly High SchoolNorwood, NC-Solar Education$6,126
Eckerd Connects Residential Boys AcBoomer, NC-Solar Education$6,000
Cape Hatteras SecondaryBuxton, NC-Solar Education$5,711
Western Union Elementary SchoolWaxhaw, NC-Solar Education$5,694
Pembroke Elementary SchoolPembroke, NC-Solar Education$5,432
Junius Rose High SchoolGreenville, NC-Solar Education$5,132
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

“Members of nc greenpower are the members of the nc advanced energy corporation board of directors, a 501(c)(3) organization.”

Form 990, Page 6, Part VI, Line 7A

“The organization has one class of members with such designations, rights, powers, and privileges as provided in the bylaws.”

Form 990, Page 6, Part VI, Line 7B

“Members have certain rights, such as charter changes, which are listed in the articles of incorporation.”

Form 990, Page 6, Part VI, Line 11B

“A copy of the 990 is provided to the executive committee for review before filing.”

Form 990, Page 6, Part VI, Line 12C

“It is requested that board members annually submit a form disclosing any conflicts of interest. If not previously disclosed, they will make disclosure before any relevant board or committee action. These reports will be reviewed by the officers of nc greenpower corporation, who will attempt to resolve any actual or potential conflict(s) and, in the absence of resolution, refer the matter to the board.”

Form 990, Page 6, Part VI, Line 15A

“The company has no employees. The individuals listed in schedule j receive compensation from a related entity. As such, the compensation received from that related entity is disclosed in schedule j.”

Form 990, Page 6, Part VI, Line 15B

“The company has no employees. The individuals listed in schedule j receive compensation from a related entity. As such, the compensation received from that related entity is disclosed in schedule j.”

Form 990, Page 6, Part VI, Line 19

“Audited financials, articles of incorporation, bylaws and subsequent changes are posted on the north carolina utilities commission (ncuc) website under docket e-100, sub 90, which are dockets covering our organization.”

Filing and Contact Details

Filer

Filer Name
Nc Greenpower Corporation
EIN
22-3895009
Phone
9198579004
Address
909 CAPABILITY DRIVE, RALEIGH, NC 27606-3870

Signing Officer

Name
Robert Goodson
Title
President/exec. Director
Phone
9198579004
Signed
2023-07-01

Organization Details

Principal Officer
Robert Goodson
Formed
2003
Legal Domicile
Nc
Voting Board Members
15
Independent Board Members
14
Employees
0
Volunteers
10

Preparer

Firm
Mcnair Mclemore Middlebrooks & Co LLC
Address
POST OFFICE BOX ONE, MACON, GA 31202-0001
Preparer
H Terrell Mcmichael Jr
Phone
4787466277
Supplemental Narrative

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

“The organization is holding these funds for others.”

Raw XML AppendixShowing 400 of 878 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsReceivableGrp/EOYAmt053622
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0NC GREENPOWER'S MISSION IS TO EXPAND PUBLIC KNOWLEDGE AND ACCEPTANCE OF CLEANER ENERGY TECHNOLOGIES TO ALL NORTH CAROLINIANS THROUGH LOCAL, COMMUNITY BASED INITIATIVES.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt0172
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IRS990/BooksInCareOfDetail/PersonNm0NC GREENPOWER CORPORATION
IRS990/BooksInCareOfDetail/PhoneNum09198579001
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0909 CAPABILITY DRIVE
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd027604
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0NC SOLAR NOW
IRS990/ContractorCompensationGrp/ServicesDesc0INSTALLATION SV
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01951276
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IRS990/CYInvestmentIncomeAmt055391
IRS990/CYOtherExpensesAmt02323187
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IRS990/CYTotalProfFndrsngExpnsAmt00
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IRS990/Desc0NC GREENPOWER PROMOTES THE DEVELOPMENT AND USE OF RENEWABLE ENERGY IN NC AND CARBON OFFSETS IN NC/SC/VA.IN ADDITION NC GREENPOWER THROUGH IT'S SOLAR SCHOOLS PROGRAM PROVIDES GRANTS FOR EDUCATIONAL SOLAR PACKAGES TO NORTH CAROLINA K-12 SCHOOLS. WITH DUKE ENERGY RENEWABLE ENERGY (MASS MARKET PRODUCT) DONORS SWITCHING OVER TO SUPPORT SOLAR+ SCHOOLS IN 2022, THERE ARE CURRENTLY 678 ELECTRIC UTILITY CUSTOMERS SUBSCRIBED TO THE RENEWABLE ENERGY PRODUCT, PROVIDING A PREMIUM ABOVE THE USUAL MONTHLY UTILITY PAYMENTS TO SUPPORT APPROXIMATELY 8,502,593 KWH OF ENERGY ANNUALLY COMING FROM RENEWABLE ENERGY INSTEAD OF TRADITIONAL SOURCES SUCH AS COAL.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IS HOLDING THESE FUNDS FOR OTHERS.
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