Nonprofit · EIN 04-2691955
CITIZENS ENERGY CORP
Tax-exempt · BOSTON, MA 02210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,987,263 | $4,274,630 | -$1,287,367 | $121,876,306 | $769,751 | $121,106,555 |
| December 31, 2023 | 990 | $2,652,163 | $4,804,872 | -$2,152,709 | $113,286,893 | $643,390 | $112,643,503 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,516,677
- Program service revenue
- $0
- Investment income
- $296,346
- Net gain from sales of assets
- -$150,614
- Net income from sales of inventory
- $90,000
- Other revenue
- $174,240
Expenses
- Grants and similar amounts paid
- $2,635,482
- Compensation of officers, directors and key employees
- $132,875
- Other salaries and wages
- $647,520
- Salaries, compensation and benefits (total)
- $1,043,672
- Professional fundraising fees
- $0
- Legal fees
- $9,795
- Accounting fees
- $170,000
- Occupancy
- $151,482
- Travel
- $24,215
- Program services (functional)
- $3,425,247
- Management and general (functional)
- $849,383
Balance sheet and other
- Total assets, start of year
- $113,286,893
- Total assets, end of year
- $121,876,306
- Total liabilities, end of year
- $769,751
- Net assets, end of year
- $121,106,555
- Publicly traded securities
- $16,964,757
- Net assets without donor restrictions
- $119,111,893
- Net assets with donor restrictions
- $1,994,662
- Gross receipts
- $3,205,579
- Employees
- 32
- Volunteers
- 3
- Year formed
- 1979
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER F SMITH | CEO Officer | 4 | $42,442 | $913,615 | $228,345 |
| ERNEST J PANOS | CFO Officer | 4 | $32,205 | $599,608 | $122,858 |
| JOSEPH P KENNEDY III | PRESIDENT Officer | 4 | $22,836 | $415,798 | $98,265 |
| JOSEPH P KENNEDY II | CHAIRMAN Trustee or director | 1 | $0 | $393,609 | $30,412 |
| TIMOTHY J MINOGUE | CONTROLLER Highest-paid employee | 10 | $41,279 | $273,837 | $53,156 |
| KRISTINA PEREZ | DIRECTOR OF CHARITABLE PROGRAMS Highest-paid employee | 40 | $169,576 | $0 | $37,823 |
| NICOLE MALONE | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 20 | $75,388 | $100,388 | $30,924 |
| GINETTE TRASK | EXEC ASST TO CHAIR, CEO, CFO Highest-paid employee | 10 | $22,800 | $122,401 | $36,612 |
| ELIZABETH KENNEDY | FORMER DIRECTOR OF MARKETING Former | 0 | $0 | $143,975 | $0 |
| RANDY GREENE | DIRECTOR Trustee or director | 1 | $6,000 | $0 | $0 |
| PATRICK JONES | DIRECTOR Trustee or director | 1 | $6,000 | $0 | $0 |
| EVELYN MURPHY | DIRECTOR Trustee or director | 1 | $6,000 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| PETER F SMITH | CEO Officer | 4 | $42,431 | $885,511 | $147,719 |
| ERNEST J PANOS | CFO Officer | 4 | $33,901 | $595,869 | $53,758 |
| JOSEPH P KENNEDY III | PRESIDENT Officer | 4 | $22,784 | $396,058 | $38,601 |
| JOSEPH P KENNEDY II | CHAIRMAN Trustee or director | 1 | $0 | $393,492 | $28,823 |
| TIMOTHY J MINOGUE | CONTROLLER Highest-paid employee | 10 | $38,762 | $258,287 | $49,928 |
| BRIAN O'CONNOR | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 20 | $80,736 | $180,736 | $43,774 |
| KRISTINA PEREZ | DIRECTOR OF CHARITABLE PRO Highest-paid employee | 40 | $162,460 | $0 | $33,954 |
| GINETTE TRASK | EXEC. ASSIST TO CHAIR, CEO Highest-paid employee | 10 | $20,781 | $114,844 | $31,363 |
| ELIZABETH KENNEDY | DIRECTOR OF MARKETING, RET Former | 0 | $0 | $143,776 | $0 |
| RANDY GREENE | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| PATRICK JONES | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
| EVELYN MURPHY | DIRECTOR Trustee or director | 1 | $2,000 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2 SEAPORT LANE 5C, BOSTON, MA 02210-2001
- In care of
- % ERNIE J PANOS
- Principal officer (990 for 2024)
- PETER F SMITH, 2 SEAPORT LANE SUITE 5C, BOSTON, MA 02210
- Signed the 990
- ERNEST J PANOS, CFO
- Phone
- (617) 338-6300
- Website
- WWW.CITIZENSENERGY.COM
- Return prepared by
- KPMG LLP
Mission
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.
Program accomplishments
- 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.Expenses $1,333,829 · grants $1,332,479 · revenue $84,240
- 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).Expenses $262,261 · grants $262,261
- 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.Expenses $256,062 · grants $256,062
- 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.Expenses $1,573,095 · grants $784,680
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2691955
- Tax-exempt status
- 501(c)(4): Social welfare organization
- Donations deductible
- No
- Exempt since
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $121,876,306
- Income (IRS master file)
- $3,205,579
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,987,263 | $4,274,630 | $121,876,306 | XML |
| 990 | December 2023 | $2,652,163 | $4,804,872 | $113,286,893 | XML |
| 990 | December 2022 | $1,841,369 | $3,892,819 | $112,380,570 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2691955).
Questions about CITIZENS ENERGY CORP
- What is the EIN of CITIZENS ENERGY CORP?
- The employer identification number (EIN) of CITIZENS ENERGY CORP is 04-2691955.
- Is CITIZENS ENERGY CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 1980.
- Are donations to CITIZENS ENERGY CORP tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CITIZENS ENERGY CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CITIZENS ENERGY CORP due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CITIZENS ENERGY CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of CITIZENS ENERGY CORP?
- The 990 for the year ended December 31, 2024 names PETER F SMITH.
- Who are the officers and directors of CITIZENS ENERGY CORP?
- The 990 for the year ended December 31, 2024 lists 12 people; 10 received compensation from the organization, the highest $42,442 (PETER F SMITH, CEO).
- How much revenue does CITIZENS ENERGY CORP have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,987,263, expenses of $4,274,630 and total assets of $121,876,306 at year end.
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