2025-11-17T11:57:02-06:00 2024-12-31 135565207 KPMG LLP 60 SOUTH STREET TWO FINANCIAL CENTER BOSTON MA 02111 990 2024-01-01 042691955 CITIZENS ENERGY CORPORATION CITI 6173386300 2 SEAPORT LANE 5C BOSTON MA 02210 ERNEST J PANOS CFO 6173386300 2025-11-17 1 0 STEPHANIE LONCZAK P01880207 6179881000 2025-11-13 2024 2025-03-06 01:10:19Z PETER F SMITH 2 SEAPORT LANE SUITE 5C BOSTON MA 02210 3205579 0 X WWW.CITIZENSENERGY.COM X 1979 MA SEE SCHEDULE O 4 3 32 3 0 0 2020743 2516677 0 0 355141 296346 276279 174240 2652163 2987263 3231671 2635482 0 0 912995 1043672 0 0 0 660206 595476 4804872 4274630 -2152709 -1287367 113286893 121876306 643390 769751 112643503 121106555 X CITIZENS ENERGY CORPORATION PROVIDES LOW COST ENERGY SERVICES TO LOW-INCOME FAMILIES IN THE U.S. BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS. 0 0 1333829 1332479 84240 CITIZENS PROVIDES DEEPLY DISCOUNTED ELECTRICITY CREDITS TO APPROXIMATELY 12,000 LOW-INCOME RATEPAYERS IN THE IMPERIAL IRRIGATION DISTRICT (IID), FROM ITS 39-MEGAWATT LOW-INCOME COMMUNITY SOLAR PROJECT CITIZENS IMPERIAL SOLAR, LLC COMMISSIONED IN 2019. A COMBINATION OF FREE ELECTRICITY FUNDED FROM CITIZENS SUNRISE TRANSMISSION LLC (CST) AND LOW-COST WHOLESALE ELECTRICITY SOLD DIRECTLY TO IID PROVIDES APPROXIMATELY $4.2 MILLION OF ELECTRICITY SAVINGS PER YEAR TO NEEDY RATEPAYERS STRUGGLING TO STAY COOL IN THE REGION'S 115-DEGREE HEAT. 262261 262261 IN 2019, CITIZENS BEGAN A PROGRAM TO PROVIDE INCREASED ACCESS TO THE BENEFITS OF ELECTRIC VEHICLE (EV) TRANSPORTATION TO DISADVANTAGED COMMUNITIES IN SAN DIEGO COUNTY BY PROVIDING FUNDING TO PURCHASE EV'S AND CHARGING INFRASTRUCTURE TO NON-PROFIT ORGANIZATIONS THAT PROVIDE SERVICES TO LOW-INCOME FAMILIES. FUNDING FOR THIS PROGRAM COMES FROM CITIZENS SYCAMORE-PENASQUITOS TRANSMISSION, LLC (CSPT). IN 2024, THIS PROGRAM FUNDED GRANTS TO PROVIDE EV VANS AND THE ASSOCIATED CHARGING INFRASTRUCTURE TO A CRITICALLY IMPORTANT NON-PROFIT ORGANIZATION: SAN DIEGO CANYONLANDS WWW.SDCANYONLANDS.ORG). 256062 256062 CITIZENS ENERGY SHELTER WINTER ASSISTANCE PROGRAM: SINCE 1984, CITIZENS ENERGY HAS CONTRIBUTED GRANTS TO OVER 125 EMERGENCY SHELTERS IN MASSACHUSETTS AND RHODE ISLAND TO HELP COVER THEIR ENERGY COSTS DURING THE WINTER SEASON. 1573095 784680 UNRESTRICTED DONATIONS MADE TO NON-PROFITSRELATED OF $378,461 AND INCLUDING GRANTS OF $378,461NATURAL GAS ASSISTANCE FUND:RELATED OF $86,850 AND INCLUDING GRANTS OF $86,850DURING 1984, CITIZENS ENERGY CORPORATION BEGAN A NATURAL GAS ASSISTANCE PROGRAM FOR THE PURPOSE OF PROVIDING LOWER-COST NATURAL GAS TO LOW-INCOME & ELDERLY PEOPLE THROUGHOUT THE UNITED STATES AND HEATING ASSISTANCE FOR HOMELESS SHELTERS. THE ASSISTANCE FUND IS ADMINISTERED BY LOCAL SOCIAL SERVICES AGENCIES WITHIN THEIR AREA TO PROVIDE GRANTS TO NEEDY USERS.OTHER PROGRAMS NOTE:IN 2019, CITIZENS LAUNCHED ITS "JOE-4-SUN" LOW-INCOME COMMUNITY SOLAR PROGRAM. THE PROGRAM PROVIDES RETAIL ELECTRICITY BILL CREDITS AT A 50% DISCOUNT TO MORE THAN 2,500 INCOME-QUALIFIED NEEDY FAMILIES ACROSS MASSACHUSETTS AND NEW YORK, SAVING EACH FAMILY APPROXIMATELY $300 PER YEAR. THE BILL CREDITS ORIGINATE FROM SOLAR PROJECTS DEVELOPED, BUILT, OWNED, AND OPERATED BY CITIZENS ENTERPRISES' SUBSIDIARIES. JOE-4-SUN PROVIDES APPROXIMATELY $800,000 PER YEAR OF ELECTRICITY SAVINGS TO LOW-INCOME FAMILIES.IN ADDITION TO THE JOE-4-SUN LOW-INCOME COMMUNITY SOLAR PROGRAM, CITIZENS ALSO PROVIDES APPROXIMATELY $2.3 MILLION/YEAR OF ELECTRICITY SAVINGS TO MUNICIPALITIES, COLLEGES, AND NON-PROFIT ORGANIZATIONS FROM BILL CREDITS GENERATED FROM ITS SOLAR PROJECTS. DURING 2024, CITIZENS INCURRED $779,971 IN EXPENSES FOR OUTREACH, MARKETING, AND CUSTOMER SERVICE RELATED TO ADMINISTERING THE JOE-4-SUN PROGRAM.IN 2023, CITIZENS, IN PARTNERSHIP WITH VINEYARD WIND, BEGAN A PROGRAM TO PURCHASE NET METERING OR SOLAR BILL CREDITS ON BEHALF OF LOW-INCOME RATEPAYERS WHO LIVE IN COASTAL AREAS IMPACTED BY THE VINEYARD WIND OFFSHORE WIND PROJECT. PURCHASING THE BILL CREDITS FOR THESE HOUSEHOLDS FURTHER REDUCES THEIR MONTHLY ELECTRIC BILLS, BEYOND THE INITIAL SAVINGS FROM THE DISCOUNTED BILL CREDITS. DURING 2024, CITIZENS SPENT $133,454 TO REDUCE 213 LOW-INCOME HOUSEHOLD'S ENERGY BILLS.IN 2024, CITIZENS, IN PARTNERSHIP WITH VINEYARD WIND, PROVIDED $135,915 TO FUND A ROOFTOP SOLAR PROJECT FOR EIGHT SENIOR, LOW-INCOME HOUSING UNITS FOR THE MASHPEE WAMPANOAG TRIBE. 1573095 784680 3425247 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 4 0 32 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 3 1 0 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 1 1 1 1 MA X X ERNEST J PANOS 6173386300 2 SEAPORT LANE SUITE 5C BOSTON MA 02210 JOSEPH P KENNEDY II CHAIRMAN 1.00 19.00 X 0 393609 30412 RANDY GREENE DIRECTOR 1.00 0.00 X 6000 0 0 PATRICK JONES DIRECTOR 1.00 0.00 X 6000 0 0 EVELYN MURPHY DIRECTOR 1.00 0.00 X 6000 0 0 PETER F SMITH CEO 4.00 36.00 X 42442 913615 228345 ERNEST J PANOS CFO 4.00 36.00 X 32205 599608 122858 JOSEPH P KENNEDY III PRESIDENT 4.00 36.00 X 22836 415798 98265 TIMOTHY J MINOGUE CONTROLLER 10.00 30.00 X 41279 273837 53156 NICOLE MALONE DIRECTOR OF COMMUNICATIONS 20.00 20.00 X 75388 100388 30924 KRISTINA PEREZ DIRECTOR OF CHARITABLE PROGRAMS 40.00 0.00 X 169576 0 37823 GINETTE TRASK EXEC ASST TO CHAIR, CEO, CFO 10.00 30.00 X 22800 122401 36612 ELIZABETH KENNEDY FORMER DIRECTOR OF MARKETING 0.00 0.00 X 0 143975 0 424526 2963231 638395 1 1 1 0 WALDRON H RAND 850 WASHINGTON ST STE 200 DEDHAM MA 02026 AUDIT 120000 1 1829521 687156 2516677 446960 446960 150614 -150614 -150614 -150614 157702 67702 90000 90000 SKYCITIZENS 900003 84240 84240 84240 2987263 84240 0 386346 1119549 1119549 1515933 1515933 132875 132875 647520 415909 231611 26259 26259 229690 161865 67825 7328 7328 9795 9795 170000 170000 7583 1300 6283 58232 28288 29944 104487 91741 12746 28503 28503 151482 73332 78150 24215 7535 16680 40660 40660 MISCELLANEOUS 519 519 4274630 3425247 849383 0 2438481 2073453 179047 847954 148031 136799 18165872 16964757 92355462 101853343 113286893 121876306 643390 769751 643390 769751 X 110324751 119111893 2318752 1994662 112643503 121106555 113286893 121876306 X -1287367 252538 9497881 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 INVESTMENT IN CITIZENS ENTERPRISES AND SOLAR HOLDINGS COS 101853343 101853343 X PART X, LINE 2: INCOME TAXES : CITIZENS ENERGY CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(4) OF THE INTERNAL REVENUE CODE. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THE COMPANY'S TAX-EXEMPT PURPOSE IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. UNCERTAIN TAX POSITIONS: UNDER THE INCOME TAX TOPIC OF THE FASB ACCOUNTING STANDARDS CODIFICATION, A COMPANY IS REQUIRED TO DISCLOSE TAX FILINGS WHICH ARE POTENTIALLY SUBJECT TO REVIEW BY EITHER FEDERAL OR STATE AGENCIES. THE COMPANY WILL RECORD A LIABILITY FOR UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT A TAX POSITION WOULD NOT BE SUSTAINED IF EXAMINED BY THE TAXING AUTHORITY. THE COMPANY CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATION, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. THE COMPANY'S EVALUATION ON DECEMBER 31, 2024 REVEALED NO UNCERTAIN TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. THE 2021 THROUGH 2023 TAX YEARS REMAIN SUBJECT TO EXAMINATION BY FEDERAL OR STATE AGENCIES. THE COMPANY DOES NOT BELIEVE THAT ANY REASONABLY POSSIBLE CHANGES WILL OCCUR WITHIN THE NEXT TWELVE MONTHS THAT WILL HAVE A MATERIAL IMPACT ON THE CONSOLIDATED FINANCIAL STATEMENTS. 1 SAN DIEGO CANYONLANDS 5106 FEDERAL BOULEVARDM 205 SAN DIEGO CA 92105 262237918 501(C)(3) 262261 0 UNRESTRICTED VINEYARD POWER DEVELOPMENT FUND PO BOX 1077 WEST TISBURY MA 02575 872762989 501(C)(3) 250000 0 UNRESTRICTED MASHPEE WAMPANOAG TRIBE 483 GREAT NECK ROAD SOUTH MASHPEE MA 02649 142001428 501(C)(3) 135915 0 UNRESTRICTED IMPERIAL VALLEY WELLNESS FUND 2415 IMPERIAL BUSINESS PARK DRIVE STE A IMPERIAL CA 92251 834329327 501(C)(3) 100000 0 UNRESTRICTED JOHN F KENNEDY LIBRARY COLUMBIA POINT BOSTON MA 02125 046113130 501(C)(3) 25000 0 UNRESTRICTED ROBERT F KENNEDY CENTER 1300 19TH STREET WASHINGTON DC 20036 132522784 501(C)(3) 40000 0 UNRESTRICTED RFK COMMUNITY ALLIANCE 971 MAIN STREET LANCASTER MA 01523 042103834 501(C)(3) 15000 0 UNRESTRICTED ST RAPHAEL CATHOLIC CHURCH 1104 FIFTH AVENUE SAN RAFAEL CA 94901 941156814 501(C)(3) 10000 0 UNRESTRICTED THE VALARIE FUND 2101 MILLBURN AVENUE MAPLEWOOD NJ 07040 222126867 501(C)(3) 10000 0 UNRESTRICTED 9 CST LOW INCOME 12000 1332479 VINEYARD WIND LOW INCOME PROGRAM 213 183454 PART I, LINE 2: THE DONATIONS ARE DIRECT PAYMENTS TO UTILITY COMPANIES FOR FUEL ASSISTANCE TO LOW INCOME FAMILIES. THE FAMILIES RECEIVE A CREDIT ON THEIR BILL FOR SUCH PAYMENTS MADE. 0 1 0 0 0 0 0 1 0 PETER F SMITH CEO 42442 381982 0 528000 0 3633 1725 185937 4068 36615 48235 1136167 0 0 ERNEST J PANOS CFO 32205 289848 0 306000 0 3760 1725 78225 4291 38617 38221 716450 0 0 JOSEPH P KENNEDY III PRESIDENT 22836 205523 0 208000 0 2275 1397 55008 4186 37674 28419 508480 0 0 JOSEPH P KENNEDY II CHAIRMAN 0 0 0 0 0 393609 0 0 0 30412 0 424021 0 393609 TIMOTHY J MINOGUE CONTROLLER 41279 123837 0 150000 0 0 3726 11177 9563 28690 54568 313704 0 0 KRISTINA PEREZ DIRECTOR OF CHARITABLE PROGRAMS 107576 0 62000 0 0 0 8639 0 29184 0 207399 0 0 0 NICOLE MALONE DIRECTOR OF COMMUNICATIONS 75388 75388 0 25000 0 0 2079 2079 13383 13383 90850 115850 0 0 GINETTE TRASK EXEC ASST TO CHAIR, CEO, CFO 22800 68401 0 54000 0 0 1473 4420 7680 23039 31953 149860 0 0 ELIZABETH KENNEDY FORMER DIRECTOR OF MARKETING 0 0 0 0 0 143975 0 0 0 0 0 143975 0 143975 PART I, LINE 4B SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN (THE "SERP") JOSEPH P. KENNEDY II (FOUNDER, CHAIRMAN OF THE BOARD), PETER F. SMITH (CEO), AND ELIZABETH KENNEDY (DIRECTOR OF MARKETING) PARTICIPATE IN A SERP ADOPTED BY THE BOARD OF DIRECTORS IN 2011. THE PLAN WAS DESIGNED IN CONSULTATION WITH THE SAME INDEPENDENT HUMAN RESOURCES CONSULTING FIRM THAT CONDUCTS CITIZENS' ANNUAL OFFICER COMPENSATION REASONABLENESS REVIEWS. UPON REACHING RETIREMENT AGE, THE PLAN'S ANNUAL BENEFIT PROVIDES A PERCENTAGE OF FINAL-AVERAGE-PAY BASED ON THE EXECUTIVE'S YEARS OF SERVICE, WITH A MAXIMUM OF 60%. BOTH MR. AND MRS. KENNEDY BEGAN RECEIVING BENEFITS UNDER THIS PLAN IN 2018, AND THE AMOUNTS RECEIVED BY THEM IN 2024 ARE REFLECTED IN PART VII, SECTION A, COLUMN [E], AND SCHEDULE J, PART II, COLUMN [B III]. FURTHER, IN 2023 IN CONSULTATION WITH ITS HUMAN RESOURCES CONSULTING FIRM, THE BOARD VOTED TO CEASE ACCRUING BENEFITS FOR MR. SMITH UNDER THE DEFINED-BENEFIT SERP ADOPTED IN 2011, AND IMPLEMENTED A DEFINED-CONTRIBUTION SERP FOR JOSEPH P. KENNEDY III (PRESIDENT), PETER F. SMITH (CEO), AND ERNEST J. PANOS (CFO). THIS PLAN INVESTS UP TO 10% OF EACH EXECUTIVE'S PAY ANNUALLY TO BE DISTRIBUTED UPON RETIREMENT AGE. ALL BENEFITS PAID UNDER BOTH SERPS ARE FUNDED FROM A RELATED ORGANIZATION, CITIZENS' WHOLLY-OWNED FOR-PROFIT SUBSIDIARY, CITIZENS ENTERPRISES. THE FOLLOWING AMOUNTS HAVE BEEN INCLUDED IN RETIREMENT AND OTHER DEFERRED COMPENSATION REPORTED IN PART II, COLUMN C. THESE AMOUNTS, WHEN VESTED AT RETIREMENT AGE, WILL BE PAID BY A RELATED PARTY, CITIZENS ENTERPRISES. PETER SMITH $170,412 ERNEST PANOS $62,700 JOSEPH P. KENNEDY III $42,433 PART I, LINE 7 KRISTINA PEREZ RECEIVED A DISCRETIONARY, PERFORMANCE-BASED BONUS PAYMENT OF $62,000 FROM CITIZENS ENERGY CORPORATION. FORM 990, PART I, LINE 1 CITIZENS ENERGY CORPORATION PROVIDES LOW-COST ENERGY ASSISTANCE TO PEOPLE IN NEED BY DEVELOPING SUCCESSFUL ENERGY PROJECTS AND USING THE PROFITS TO FUND ASSISTANCE PROGRAMS. CITIZENS ENERGY CORPORATION EXISTS TO HELP MAKE LIFE'S BASIC NEEDS MORE ACCESSIBLE AND AFFORDABLE. BEGINNING IN 1979 WITH OIL-TRADING VENTURES IN LATIN AMERICA AND AFRICA, CITIZENS ENERGY CORPORATION HAS USED REVENUES FROM COMMERCIAL ENTERPRISES TO CHANNEL HUNDREDS OF MILLIONS OF DOLLARS INTO CHARITABLE PROGRAMS IN THE UNITED STATES AND ABROAD. WHETHER HEATING THE HOMES OF THE ELDERLY AND POOR IN MASSACHUSETTS, LOWERING THE COST OF PRESCRIPTION DRUGS FOR MILLIONS OF AMERICANS, STARTING SOLAR HEATING PROJECTS IN JAMAICA AND VENEZUELA, OR PROVIDING DEEPLY DISCOUNTED SOLAR ELECTRICITY TO LOW-INCOME FAMILIES THROUGH OUR COMMUNITY SOLAR PROJECTS, CITIZENS ENERGY CORPORATION CREATES SOCIAL VENTURES AS INNOVATIVE AS THE BUSINESSES THAT FINANCE THEM. FORM 990, PART VI, SECTION A, LINE 2 JOSEPH P. KENNEDY II, CHAIRMAN, JOSEPH P. KENNEDY III, PRESIDENT, AND ELIZABETH K. KENNEDY, DIRECTOR OF MARKETING (RETIRED) HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS ONE MEMBER, JPK HOLDINGS, LLC. FORM 990, PART VI, SECTION A, LINE 7A THE MEMBER ELECTS ALL MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B UNDER MASSACHUSETTS LAW CERTAIN EXTRAORDINARY CORPORATE ACTIONS REQUIRE APPROVAL OF THE MEMBER. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PROVIDED TO THE ORGANIZATION'S GOVERNING BODY PRIOR TO FILING ELECTRONICALLY BY E-MAIL BEFORE THE DUE DATE FOR REVIEW. THE INFORMATION REQUIRED FOR THE FORM 990 IS ACCUMULATED BY CITIZENS ENERGY CORPORATION'S ACCOUNTING STAFF DURING PREPARATION OF THE AUDITED FINANCIAL STATEMENTS. THIS INFORMATION IS THEN PROVIDED TO OUTSIDE TAX CONSULTANTS, REVIEWED BY CITIZENS ENERGY CORPORATION'S MANAGEMENT AND THEN PRESENTED TO THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 12C SENIOR MANAGEMENT OF THE ORGANIZATION MONITORS AND ENFORCES COMPLIANCE OF THE CONFLICT OF INTEREST POLICY UPON BECOMING AWARE OF ANY POTENTIAL CONFLICT. THE ISSUE IS THEN REFERRED TO CITIZENS ENERGY CORPORATION'S GENERAL COUNSEL FOR REVIEW AND ADVICE AND, IF NECESSARY, TO THE CONFLICTS COMMITTEE OF THE BOARD OF DIRECTORS FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 15 AN INDEPENDENT HUMAN RESOURCES CONSULTING (HRC) FIRM IS COMMISSIONED ON AN ANNUAL BASIS TO REVIEW THE REASONABLENESS OF PROPOSED COMPENSATION FOR CEO, CFO AND THE PRESIDENT. THE HRC DOES THIS UNDER THE INTERMEDIATE SANCTIONS REGULATIONS FOR NON-PROFITS, TAKING INTO CONSIDERATION JOB RESPONSIBILITIES, EXPERIENCE, AND COMPARABLE MARKET DATA UTILIZING BENCHMARK DATABASES FOR BOTH NON-PROFIT AND FOR-PROFIT ORGANIZATIONS. A LETTER DESCRIBING THE METHODOLOGY AND RESULTING REASONABLENESS OF THE COMPENSATION ON A 25TH, 50TH, 75TH, AND 90TH PERCENTILE BASIS IS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND DETERMINATION OF FINAL COMPENSATION. AS A MATTER OF POLICY, THE BOARD AIMS TO TARGET TOTAL REMUNERATION AT OR BELOW THE 75TH PERCENTILE. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REASONABLE REQUEST OR BY REFERRAL TO PUBLIC RECORDS. DOCUMENTS ARE AVAILABLE AS PUBLIC RECORDS THROUGH THE OFFICE OF THE MASSACHUSETTS SECRETARY OF STATE (ARTICLES OF ORGANIZATION) AND THE OFFICE OF THE MASSACHUSETTS ATTORNEY GENERAL (BY-LAWS AND ANNUAL FINANCIAL STATEMENTS). THE CONFLICTS OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. ELECTION STATEMENT IN 2020, THE FOLLOWING ENTITIES MADE ELECTIONS PURSUANT TO IRC SEC.168(H)(6)(F)(II) NOT TO BE TREATED AS A TAX-EXEMPT CONTROLLED ENTITY WITHIN THE MEANING IRC SEC. 168(H)(6)(F)(III). - CITISUNS X MEMBER, LLC. FORM 990, PART XI, LINE 9: INVESTMENTS IN JOINT VENTURES THROUGH CENT 9,497,881. CITIZENS PROGRAM CORP 2 SEAPORT LANE SUITE 5 BOSTON MA 02110 043340251 ENERGY SERVICES MA 501(C)(3) PF N/A 1 ANGOLA EDUCATIONAL ASSISTANCE FUND 2 SEAPORT LANE SUITE 5 BOSTON MA 02110 043315141 EDUCATION MA 501(C)(3) PF N/A 1 CITISUNS V LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 475568137 SOLAR DEVELOPMENT MA CITISUNS V MEMBER LLC RELATED 0 1 1.00000 CITISUNS VI LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 475646116 SOLAR DEVELOPMENT MA CITISUNS VI MEMBER LLC RELATED 0 1 1.00000 CITISUNS VII LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 831963700 SOLAR DEVELOPMENT MA CITISUNS VII MEMBER LLC RELATED 0 1 1.00000 CITISUNS VIII LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 832533562 SOLAR DEVELOPMENT MA CITISUNS VIII MEMBER LLC RELATED 0 1 1.00000 CITISUNS IX LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 834251295 SOLAR DEVELOPMENT MA CITISUNS IX MEMBER LLC RELATED 0 1 1.00000 CITISUNS X LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 854020453 SOLAR DEVELOPMENT MA CITISUNS X MEMBER RELATED 0 1 1.00000 CITISUNS XI MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 931352932 SOLAR DEVELOPMENT MA N/A RELATED 0 1 1.00000 CITISUNS XI LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 931372419 SOLAR DEVELOPMENT MA CITISUNS XI MEMBER RELATED 0 1 1.00000 CITIZENS ENTERPRISES CORPORATION 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 043298489 INVESTMENT IN OTHER ENTITIES MA CITIZENS ENERGY CORPORATION C 9497881 181756399 1.00000 1 CITISUNS I MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 461322144 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS II MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 463611064 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS III MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 471984692 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS IV MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 472016185 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS V MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 475580570 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS VI MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 475650451 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS VII MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 831959781 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS VIII MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 832519360 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS IX MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 834259210 SOLAR DEVELOPMENT MA CITIZENS ENTERPRISES CORPORATION C 1.00000 1 CITISUNS X MEMBER LLC 2 SEAPORT LANE SUITE 5 BOSTON MA 02210 854007398 SOLAR DEVELOPMENT DE CITIZENS ENTERPRISES CORPORATION C 1.00000 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CITIZENS ENTERPRISES CORPORATION N 1359000 FMV CITIZENS ENTERPRISES CORPORATION O 1025673 FMV CITIZENS ENTERPRISES CORPORATION C 5025000 FMV CITIZENS ENTERPRISES CORPORATION B 5025000 FMV SCHEDULE R THE SHARE OF TOTAL INCOME AND SHARE OF END-OF-YEAR ASSETS FOR THE CITISUNS ENTITIES BEING REPORTED IN PARTS PARTS III & IV OF SCHEDULE R ARE CAPTURED WITHIN THE AMOUNTS REPORTED FOR CITIZENS ENTERPRISES CORPORATION IN SCHEDULE R, PART IV.