Civic Intelligence

Erp Environmental Fund Inc

990 • Fiscal year 2021 • EIN 47-5325263

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

216 School DriveShrewbury, WV 25015

(304) 595-2845

Siviq Scores

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

Liabilities / Assets

100th percentile

14.52x

Higher debt load relative to assets than 100% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

100th percentile

107.06x

Higher debt load relative to revenue than 100% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

1st percentile

-204%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

2nd percentile

-28%

Faster asset growth than 2% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-89%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Down

$9,259,680

Down $3,623,582 (-28%) from 2020

Net Assets

Down

-$125,175,223

Down $2,559,784 (-2.1%) from 2020

Liabilities

Down

$134,434,903

Down $1,063,798 (-0.8%) from 2020

Revenue

Down

$1,255,639

Down $10,655,411 (-89%) from 2020

Expenses

Down

$3,815,423

Down $5,888,066 (-61%) from 2020

Net Income

Down

-$2,559,784

Down $4,767,345 (-216%) from 2020

Historical Trend

Balance Sheet Trend

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

$200M$100M$0-$100M-$200MAssets 2020: $12,883,262Liabilities 2020: $135,498,701Net Assets 2020: -$122,615,4392020Assets 2021: $9,259,680Liabilities 2021: $134,434,903Net Assets 2021: -$125,175,2232021Assets 2022: $8,425,796Liabilities 2022: $133,612,889Net Assets 2022: -$125,187,0932022Assets 2023: $5,650,949Liabilities 2023: $132,942,253Net Assets 2023: -$127,291,3042023Assets 2024: $4,671,761Liabilities 2024: $133,100,200Net Assets 2024: -$128,428,4392024

Highlighted filing

2021

Assets$9,259,680
Liabilities$134,434,903
Net Assets-$125,175,223

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2020: $11,911,050Expenses 2020: $9,703,489Net Income 2020: $2,207,5612020Revenue 2021: $1,255,639Expenses 2021: $3,815,423Net Income 2021: -$2,559,7842021Revenue 2022: $3,531,325Expenses 2022: $3,543,195Net Income 2022: -$11,8702022Revenue 2023: $2,525,996Expenses 2023: $4,630,207Net Income 2023: -$2,104,2112023Revenue 2024: $3,628,162Expenses 2024: $4,564,884Net Income 2024: -$936,7222024

Highlighted filing

2021

Revenue$1,255,639
Expenses$3,815,423
Net Income-$2,559,784
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.2
Gross Receipts
$4,534,652
Mission and Program Overview

Mission

The mission of erp environmental fund, inc. Is to protect the public and the environment by managing and reclaiming coal mine permit sites, monitoring and treating discharge water, removing structures and facilities formerly used for coal mining, re-vegetating, remediating environmental liabilities, and ultimately seeking releases of reclamation surety bonds. To accomplish its mission, the activities of erp environmental fund, inc. Mitigate existing and past disturbances to land, water, and the environment from prior mining activity and will seek to restore and promote beneficial uses of post-mining land,including recreation, forestland, fish and wildlife habitat, light industrial, and other public uses.

SEE SCHEDULE O

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,321,430$6,120,478▼ $200,952
Investments in Publicly Traded Securities$4,370,940$1,091,927▼ $3,279,013
Savings and Temporary Cash Investments$480,047$1,037,895▲ $557,848
Cash and Non-Interest-Bearing Accounts$300,385$100,406▼ $199,979
Prepaid Expenses and Deferred Charges$125,971$29,194▼ $96,777
Accounts Receivable$5,000$5,700▲ $700
Pd in Cap Srpls Land Bldg Eqp Fund$-25,051,393$-25,051,396▼ $3
Rtn Earn Endowment Incm Other Fnds$-97,564,046$-100,123,827▼ $2,559,781
Total Assets$12,883,262$9,259,680▼ $3,623,582
Other Assets Total$1,279,489$874,080▼ $405,409
Liabilities
Other Liabilities$111,495,775$111,495,775→ $0
Accounts Payable and Accrued Expenses$24,002,926$22,939,128▼ $1,063,798
Total Liabilities$135,498,701$134,434,903▼ $1,063,798
Net Assets / Fund Balance
Total Net Assets Fund Balance$-122,615,439$-125,175,223▼ $2,559,784
Total Liabilities and Net Assets / Fund Balance$12,883,262$9,259,680▼ $3,623,582

Asset Categories

AssetBook ValueDepreciationBasis
Land$5,943,348-$5,943,348
Buildings$177,130$168,125$345,255
Compensation and Service Providers

Board Members and Trustees

NameTitle
Doss Special Receiver LLCSpecial Receiver

Highest Paid Contractors

ContractorServicesLocationCompensation
Doss Special Receiver LLCReceiver202 School Drive, Shrewsbury, WV 25015$183,600
Water and Wastewater Equipment CompRepair837 E 79th Street, Cleveland, OH 44103$154,440
Superior Pocahontas LLCRepair1197 Upper Crawley Creek Rd, Chapmanville, WV 25508$147,282
Jackson Kelly PLLCLegalPO Box 45705, Baltimore, MD 21297$144,951
BM Sales and Service LLCCommission872 Feather Ridge Drive, Jonesville, VA 24263$102,365
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,017,478
Investment Income
$72,912
Other Revenue
$165,249
Change in Net Assets
$-2,559,784
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,246,222
Salaries, Compensation, and Employee Benefits$569,201
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$534,893--$534,893
Other Salaries and Wages$319,502--$319,502
Other Expenses$226,870--$226,870
Other Employee Benefits$214,761--$214,761
Insurance$201,986--$201,986
Fees for Services Management-$183,600-$183,600
Fees for Services Legal-$161,284-$161,284
Travel$59,980--$59,980
Payroll Taxes$31,218--$31,218
Fees for Services Accounting-$27,500-$27,500
Office Expenses-$19,030-$19,030
Depreciation Depletion$18,900--$18,900
Interest$11,864--$11,864
Pension Plan Contributions$3,720--$3,720
Total Functional Expenses$3,424,009$391,414$0$3,815,423
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
Support for Reclamation$63,627,806
Accretion$46,510,969
Loan Indemnity$1,000,000
Other Payables INIC$357,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990 governing body review Part VI line 11

Organizations process to review form 990. The form 990 is reviewed by the court-appointed special receiver prior to filing.

Governing documents etc available to public Part VI line 19

Governing documents are avaiable to the public upon request.

Filing and Contact Details

Filer

Filer Name
ERP Environmental Fund Inc
EIN
47-5325263
Address
216 School Drive, Shrewbury, WV 25015
Doing Business As
CO Doss Special Receiver LLC

Signing Officer

Name
Roland B Doss Manager Doss Special
Title
Special Rceiver
Phone
3045952845
Signed
2022-11-15
Discuss with paid preparer
No

Organization Details

Formed
2015
Legal Domicile
Wv
Voting Board Members
0
Independent Board Members
0
Employees
9

Preparer

Firm
Kristi M ChildressPaxton Bus Svcs
Address
3324 Pennsylvania Ave Ste 203, Charleston, WV 25302
Preparer
Kristi Childress
Phone
3043435666
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

Part 990, part iii line 3erp environmental fund, inc (erp) was formed in 2015 to accept and manage a portion of the asset purchases by virginia conservation legacy fund, inc. And/or erp compliant fuels, llc from patriot coal corproation and its affiliated corporations which filed chapter 11 bankruptcy on or about may 12, 2015. From the time of its formation until december 31, 2018, erp was part of the exempt group of kissito healthcare, inc. (formerly known as amity fellowservem inc.) ein 36-366533, group exemption number 9429. Due to certain changes in erps activities and sources of financial support, erp withdrew from the kissito healthcare, inc. Exempt group effective as of january 1, 2019. On march 27, 2020, the circuit court of kanawha county, wv appointed doss special receiver, llc (dsr) as special receiver over the erp environmental fund, inc. (erp), on a temporary basis, to (a) assume full operation, management, and control of erps assets and operations, (b) oversee, manage, and direct the acts, conduct, operations, assets, liabilities, and financial conditiions of erp, and (c) in consultation with the applicable environmental regulatory agencies, develop a plan and schedule for compliance with erps permits and take all necessary and appropriate action to bring erps operations into compliance with erps permits, the federal surfance mining control and reclamation act and the federal clean water act and the state counterparts thereto and the rules promulgated thereunder, and the others of the applicable environmental regulatory agencies, all for the protection of the public and the environment and the preservation or erps business and assets for the benefit of all parties having an interest in erp and its business, assets, and affaris. Dsr is srving as erps special receiver pursuant to court order. Consequently, erp does not have any officers or directors. Dsr is listed as the principal officer for purposes of filing this form 990 only. Erps financial records prior to the rceivership are unreliable and lacking in back information for entries made.

List of other expenses Part IX line 24E

Payroll processing 3,840.00cell phone 3,313.00vehicle allowance 3,669.00misc/write off 125,071.00asset loss/imparement 399,000.00 total 534,893.00

Part III response or note to any other line in Part III

Form 990-organizations missionthe mission of erp environmental fund inc is to protect the public and the envrionment by managing and reclaming coal mine permit sites, monitoring and treating discharge water, removing structures and facilities formerly used for coal mining, re-vegetating, remediating environmental liabilities, and ultimately seeking releases of reclmation surety bonds. To accomplish its mission, the acitivies of erp environmental fund, inc. Mitigate exisitng and past disturbances to land, water, and the environment from prior mining activity and will seek to restore and promote beneficial uses of post-mining land, including recreation, forestland, fish and wildlife habitat, light industrial, and other public uses.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATIONS PROCESS TO REVIEW FORM 990. THE FORM 990 IS REVIEWED BY THE COURT-APPOINTED SPECIAL RECEIVER PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING DOCUMENTS ARE AVAIABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PART 990, PART III LINE 3ERP ENVIRONMENTAL FUND, INC (ERP) WAS FORMED IN 2015 TO ACCEPT AND MANAGE A PORTION OF THE ASSET PURCHASES BY VIRGINIA CONSERVATION LEGACY FUND, INC. AND/OR ERP COMPLIANT FUELS, LLC FROM PATRIOT COAL CORPROATION AND ITS AFFILIATED CORPORATIONS WHICH FILED CHAPTER 11 BANKRUPTCY ON OR ABOUT MAY 12, 2015. FROM THE TIME OF ITS FORMATION UNTIL DECEMBER 31, 2018, ERP WAS PART OF THE EXEMPT GROUP OF KISSITO HEALTHCARE, INC. (FORMERLY KNOWN AS AMITY FELLOWSERVEM INC.) EIN 36-366533, GROUP EXEMPTION NUMBER 9429. DUE TO CERTAIN CHANGES IN ERPS ACTIVITIES AND SOURCES OF FINANCIAL SUPPORT, ERP WITHDREW FROM THE KISSITO HEALTHCARE, INC. EXEMPT GROUP EFFECTIVE AS OF JANUARY 1, 2019. ON MARCH 27, 2020, THE CIRCUIT COURT OF KANAWHA COUNTY, WV APPOINTED DOSS SPECIAL RECEIVER, LLC (DSR) AS SPECIAL RECEIVER OVER THE ERP ENVIRONMENTAL FUND, INC. (ERP), ON A TEMPORARY BASIS, TO (A) ASSUME FULL OPERATION, MANAGEMENT, AND CONTROL OF ERPS ASSETS AND OPERATIONS, (B) OVERSEE, MANAGE, AND DIRECT THE ACTS, CONDUCT, OPERATIONS, ASSETS, LIABILITIES, AND FINANCIAL CONDITIIONS OF ERP, AND (C) IN CONSULTATION WITH THE APPLICABLE ENVIRONMENTAL REGULATORY AGENCIES, DEVELOP A PLAN AND SCHEDULE FOR COMPLIANCE WITH ERPS PERMITS AND TAKE ALL NECESSARY AND APPROPRIATE ACTION TO BRING ERPS OPERATIONS INTO COMPLIANCE WITH ERPS PERMITS, THE FEDERAL SURFANCE MINING CONTROL AND RECLAMATION ACT AND THE FEDERAL CLEAN WATER ACT AND THE STATE COUNTERPARTS THERETO AND THE RULES PROMULGATED THEREUNDER, AND THE OTHERS OF THE APPLICABLE ENVIRONMENTAL REGULATORY AGENCIES, ALL FOR THE PROTECTION OF THE PUBLIC AND THE ENVIRONMENT AND THE PRESERVATION OR ERPS BUSINESS AND ASSETS FOR THE BENEFIT OF ALL PARTIES HAVING AN INTEREST IN ERP AND ITS BUSINESS, ASSETS, AND AFFARIS. DSR IS SRVING AS ERPS SPECIAL RECEIVER PURSUANT TO COURT ORDER. CONSEQUENTLY, ERP DOES NOT HAVE ANY OFFICERS OR DIRECTORS. DSR IS LISTED AS THE PRINCIPAL OFFICER FOR PURPOSES OF FILING THIS FORM 990 ONLY. ERPS FINANCIAL RECORDS PRIOR TO THE RCEIVERSHIP ARE UNRELIABLE AND LACKING IN BACK INFORMATION FOR ENTRIES MADE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PAYROLL PROCESSING 3,840.00CELL PHONE 3,313.00VEHICLE ALLOWANCE 3,669.00MISC/WRITE OFF 125,071.00ASSET LOSS/IMPAREMENT 399,000.00 TOTAL 534,893.00
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990-ORGANIZATIONS MISSIONTHE MISSION OF ERP ENVIRONMENTAL FUND INC IS TO PROTECT THE PUBLIC AND THE ENVRIONMENT BY MANAGING AND RECLAMING COAL MINE PERMIT SITES, MONITORING AND TREATING DISCHARGE WATER, REMOVING STRUCTURES AND FACILITIES FORMERLY USED FOR COAL MINING, RE-VEGETATING, REMEDIATING ENVIRONMENTAL LIABILITIES, AND ULTIMATELY SEEKING RELEASES OF RECLMATION SURETY BONDS. TO ACCOMPLISH ITS MISSION, THE ACITIVIES OF ERP ENVIRONMENTAL FUND, INC. MITIGATE EXISITNG AND PAST DISTURBANCES TO LAND, WATER, AND THE ENVIRONMENT FROM PRIOR MINING ACTIVITY AND WILL SEEK TO RESTORE AND PROMOTE BENEFICIAL USES OF POST-MINING LAND, INCLUDING RECREATION, FORESTLAND, FISH AND WILDLIFE HABITAT, LIGHT INDUSTRIAL, AND OTHER PUBLIC USES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3List of other expenses Part IX line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Part III response or note to any other line in Part III
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0Roland B Doss Manager Doss Special
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ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0ERP Environmental Fund Inc
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Kristi M ChildressPaxton Bus Svcs
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03324 Pennsylvania Ave Ste 203
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ReturnHeader/ReturnTs02022-11-15T15:58:26-05:00
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ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Doss Manager Doss Sp
ReturnHeader/TaxPeriodBeginDt02021-01-01

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