Civic Intelligence

Holland Energy Fund

990 • Fiscal year 2023 • EIN 30-0945346

Jul 01, 2022 to Jun 30, 2023 • Filed on Oct 20, 2023

Organization Profilewww.hollandenergyfund.com
270 S River AvenueHolland, MI 49423

(616) 355-1370

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

80th percentile

0.40x

Higher debt load relative to assets than 80% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

1.75x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

84th percentile

33%

Higher net margin than 84% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

70th percentile

$105,067

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 30.4% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-0.4%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets80th percentile

Assets

Down

$1,495,234

Down $214,229 (-13%) from 2022

Net Assets

Up

$890,127

Up $113,288 (+15%) from 2022

Liabilities

Down

$605,107

Down $327,517 (-35%) from 2022

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin84th percentile

Revenue

Down

$345,119

Down $1,338 (-0.4%) from 2022

Expenses

Up

$230,489

Up $27,710 (+14%) from 2022

Net Income

Down

$114,630

Down $29,048 (-20%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth11th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$2.0M$1.5M$1.0M$500K$0Assets 2017: $258,891Liabilities 2017: $122,099Net Assets 2017: $136,7922017Assets 2018: $837,150Liabilities 2018: $622,923Net Assets 2018: $214,2272018Assets 2019: $1,309,506Liabilities 2019: $965,317Net Assets 2019: $344,1892019Assets 2020: $1,658,127Liabilities 2020: $1,152,235Net Assets 2020: $505,8922020Assets 2021: $1,564,935Liabilities 2021: $918,484Net Assets 2021: $646,4512021Assets 2022: $1,709,463Liabilities 2022: $932,624Net Assets 2022: $776,8392022Assets 2023: $1,495,234Liabilities 2023: $605,107Net Assets 2023: $890,1272023Assets 2024: $1,677,370Liabilities 2024: $608,799Net Assets 2024: $1,068,5712024Assets 2025: $1,344,569Liabilities 2025: $34,695Net Assets 2025: $1,309,8742025

Highlighted filing

2023

Assets$1,495,234
Liabilities$605,107
Net Assets$890,127
Open 2023 Filing

Operations Trend

Revenue Growth37th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0Revenue 2017: $334,225Expenses 2017: $263,662Net Income 2017: $70,5632017Revenue 2018: $303,433Expenses 2018: $225,998Net Income 2018: $77,4352018Revenue 2019: $359,566Expenses 2019: $229,604Net Income 2019: $129,9622019Revenue 2020: $360,966Expenses 2020: $199,263Net Income 2020: $161,7032020Revenue 2021: $353,749Expenses 2021: $213,190Net Income 2021: $140,5592021Revenue 2022: $346,457Expenses 2022: $202,779Net Income 2022: $143,6782022Revenue 2023: $345,119Expenses 2023: $230,489Net Income 2023: $114,6302023Revenue 2024: $353,554Expenses 2024: $182,445Net Income 2024: $171,1092024Revenue 2025: $413,755Expenses 2025: $178,615Net Income 2025: $235,1402025

Highlighted filing

2023

Revenue$345,119
Expenses$230,489
Net Income$114,630
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Oct 20, 2023
Return Version
2022v5.0
Gross Receipts
$345,119
Mission and Program Overview

Mission

The Organization conducts a municipal clean energy program for which any City of Holland homeowner can qualify. A subsidy is provided for home energy improvements, as well as loans with low interest rates and limited barriers to qualify. The monthly loan payment is billed on the homeowners monthly utility bill.

The Corporation is organized within Section 501(c)(3) of the Internal Revenue Code to conduct a municipal clean energy program for which any City of Holland homeowner can qualify. The program includes energy education efforts, a subsidy for home energy improvements, as well as low interest loans with limited barriers to qualify.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$1,081,192$903,264▼ $177,928
Cash and Non-Interest-Bearing Accounts$585,442$564,115▼ $21,327
Accounts Receivable$42,829$27,855▼ $14,974
Total Assets$1,709,463$1,495,234▼ $214,229
Liabilities
Other Liabilities$915,503$586,288▼ $329,215
Accounts Payable and Accrued Expenses$14,834$18,819▲ $3,985
Deferred Revenue$2,287--
Total Liabilities$932,624$605,107▼ $327,517
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$776,839$890,127▲ $113,288
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$776,839$890,127▲ $113,288
Total Liabilities and Net Assets / Fund Balance$1,709,463$1,495,234▼ $214,229
Compensation and Service Providers
Top Officer Pay70th percentile

Employees

NameTitleOtherTotal
Lynn McCammonPresident, Treasurer$105,067$105,067

Board Members and Trustees

NameTitle
Nicki ArendshorstVice President
Carolyn MaaloufDirector
Jay PetersDirector
Scott CorbinDirector
Tim HemingwayDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$275,100
Program Service Revenue
$56,258
Investment Income
$13,761
Other Revenue
$0
All Other Contributions
$100
Change in Net Assets
$114,630

Audited Revenue Reconciliation

Revenue per Audited Statements
$345,119
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-1,342
Other Revenue Adjustments
$0
Total Revenue per Audited Statements
$343,777
Total Revenue per Form 990
$345,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$230,489
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$61,941--$61,941
Other Expenses$38,591$0$0$38,591
Interest$19,848--$19,848
Advertising$19,003--$19,003
Office Expenses$9,087--$9,087
Fees for Services Accounting$1,600--$1,600
Fees for Services Legal$1,363--$1,363
Total Functional Expenses$230,489$0$0$230,489

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$230,489
Total Expenses per Audited Statements$230,489
Total Expenses per Form 990$230,489
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Other Expense Adjustments$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Other Funds City of Holland$585,000
Due to Holland Board of Public Works$1,288
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The completed form 990 is reviewed prior to filing with the IRS by the President of the Organization”

Form 990, Part VI, Section B, Line 12C

“The Conflict of Interest Policy and compliance are reviewed annually”

Form 990, Part VI, Section C, Line 19

“The Organization will provide governing documents and financial information upon specific request from members of the public”

Filing and Contact Details

Filer

Filer Name
Holland Energy Fund
EIN
30-0945346
Phone
6163551370
Address
270 S River Avenue, Holland, MI 49423

Signing Officer

Name
Lynn McCammon
Title
President
Phone
6163991377
Signed
2023-10-20

Organization Details

Principal Officer
Lynn McCammon
Formed
2015
Legal Domicile
Mi
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Contractual Loan Services”

Form 990, Part IX, Line 24E

“Energy Retrofit Rebate Incentives”

Financial Statement Notes

Schedule D, Part XII, Line 4B

“The Corporation is organized exclusively for charitable, scientific, and educational purposes within the meaning of Section 501(c)(3) of the internal revenue code, or any subsequent future tax code of these purposes. The purpose of the organization is to conduct a municipal clean energy program for which any City of Holland homeowner can qualify. A subsidy is provided for home energy improvements, as well as loans with low interest rates and limited barriers to qualify.”

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IRS990ScheduleD/ExpensesSubtotalAmt0230489
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt00
IRS990ScheduleD/InvestmentExpensesNotIncldAmt00
IRS990ScheduleD/LossesReportedAmt00
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-1342
IRS990ScheduleD/OtherExpensesIncludedAmt00
IRS990ScheduleD/OtherExpensesNotIncludedAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0585000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt11288
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Other Funds City of Holland
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Due to Holland Board of Public Works
IRS990ScheduleD/OtherRevenueAmt00
IRS990ScheduleD/OtherRevenuesNotIncludedAmt00
IRS990ScheduleD/PriorYearAdjustmentsAmt00
IRS990ScheduleD/RecoveriesPriorYearGrantsAmt00
IRS990ScheduleD/RevenueNotReportedAmt0-1342
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0345119
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Corporation is organized exclusively for charitable, scientific, and educational purposes within the meaning of Section 501(c)(3) of the internal revenue code, or any subsequent future tax code of these purposes. The purpose of the organization is to conduct a municipal clean energy program for which any City of Holland homeowner can qualify. A subsidy is provided for home energy improvements, as well as loans with low interest rates and limited barriers to qualify.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule D, Part XII, Line 4b
IRS990ScheduleD/TotalExpensesPerForm990Amt0230489
IRS990ScheduleD/TotalLiabilityAmt0586288
IRS990ScheduleD/TotalRevenuePerForm990Amt0345119
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0343777
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0230489
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The completed form 990 is reviewed prior to filing with the IRS by the President of the Organization
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Conflict of Interest Policy and compliance are reviewed annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization will provide governing documents and financial information upon specific request from members of the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Contractual Loan Services
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Energy Retrofit Rebate Incentives
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0City of Holland
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0386004622
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Local Municipal Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0250 S River Avenue
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Holland
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd049423
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MI
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt01709463
IRS990/TotalAssetsEOYAmt01495234
IRS990/TotalAssetsGrp/BOYAmt01709463
IRS990/TotalAssetsGrp/EOYAmt01495234
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0275100
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0230489
IRS990/TotalFunctionalExpensesGrp/TotalAmt0230489
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0932624
IRS990/TotalLiabilitiesEOYAmt0605107
IRS990/TotalLiabilitiesGrp/BOYAmt0932624
IRS990/TotalLiabilitiesGrp/EOYAmt0605107
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0776839
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0890127
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt00
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalOthProgramServiceRevGrp/ExclusionAmt00
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt056258
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt056258
IRS990/TotalOthProgramServiceRevGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0230489
IRS990/TotalProgramServiceRevenueAmt056258
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt070019
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345119
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01709463
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01495234
IRS990/TotReportableCompRltdOrgAmt0105067
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0270 S River Ave
IRS990/USAddress/CityNm0Holland
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd049423
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0www.hollandenergyfund.com
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL2
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/LastSubmissionRqrOOBCd00

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,495,234
Liabilities
$605,107
Net assets
$890,127
Revenue
$345,119
Expenses
$230,489
Net income
$114,630
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$1.34$0.03$1.31$0.41$0.18$0.24
2024Detailed filing. Detailed filing data is available for this year.$1.68$0.61$1.07$0.35$0.18$0.17
2023Detailed filing. Detailed filing data is available for this year.$1.50$0.61$0.89$0.35$0.23$0.11
2022Detailed filing. Detailed filing data is available for this year.$1.71$0.93$0.78$0.35$0.20$0.14
2021Detailed filing. Detailed filing data is available for this year.$1.56$0.92$0.65$0.35$0.21$0.14
2020Detailed filing. Detailed filing data is available for this year.$1.66$1.15$0.51$0.36$0.20$0.16
2019Detailed filing. Detailed filing data is available for this year.$1.31$0.97$0.34$0.36$0.23$0.13
2018Detailed filing. Detailed filing data is available for this year.$0.84$0.62$0.21$0.30$0.23$0.08
2017Detailed filing. Detailed filing data is available for this year.$0.26$0.12$0.14$0.33$0.26$0.07