2019-11-15T15:30:29-06:00 2018-12-31 910189318 MOSS ADAMS LLP 805 SW BROADWAY STE 1200 PORTLAND OR 97205 990 2018-01-01 931313663 ENERGY TRUST OF OREGON INC ENER 5034938888 421 SW OAK STREET NO 300 PORTLAND OR 97204 MICHAEL COLGROVE EXECUTIVE DIRECTOR 5034938888 2019-11-14 1 WENDY CAMPOS P00448102 5032421447 2019-11-14 12.129.4.211 2019-11-14 19:02:25 PS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 94302E12F8DA8C1D841577056D0A0625F22C54D1 2018 2020-03-31 21:24:44Z MICHAEL COLGROVE 421 SW OAK STREET NO 300 PORTLAND OR 97204 191662396 0 X WWW.ENERGYTRUST.ORG X 2002 OR ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE. 13 13 129 46 0 57194 196408400 190593186 0 0 428529 1069210 0 0 196836929 191662396 0 0 0 0 12513016 13211235 0 0 0 170062382 163783107 182575398 176994342 14261531 14668054 80155976 96399162 32023350 33594406 48132626 62804756 X ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE. 0 0 157162456 0 0 EFFICIENCY PROGRAMS BRING ENERGY SAVINGS OPPORTUNITIES TO RESIDENTIAL, COMMERCIAL AND INDUSTRIAL CUSTOMERS THROUGHOUT OREGON, AND TO RESIDENTIAL AND COMMERCIAL CUSTOMERS IN PARTS OF SW WASHINGTON STATE. IN 2018, ELECTRIC EFFICIENCY PROJECTS SAVED 54.0 AMW OF ELECTRICITY. GAS EFFICIENCY PROJECTS COMPLETED IN 2018 SAVED 7.5 MILLION ANNUAL THERMS OF NATURAL GAS. 11949770 0 0 RENEWABLES PROGRAMS BRING ENERGY GENERATION OPPORTUNITIES TO RESIDENTIAL AND BUSINESS CUSTOMERS THROUGHOUT OREGON. IN 2018, RENEWABLE ENERGY PROJECTS ACHIEVED 2.39 AMW IN NEW GENERATION. 3945504 0 0 THE COMMUNICATIONS AND OUTREACH PROGRAM SUPPORTS GENERAL AND CROSS-PROGRAM OUTREACH TO THE PUBLIC AND PROGRAM STAKEHOLDERS, DELIVERS REQUIRED PUBLIC REPORTS DETAILING ENERGY SAVINGS AND GENERATION, RESPONDS TO REQUESTS FOR INFORMATION FROM MEDIA AND CITIZENS, MAINTAINS ORGANIZATION'S WEB SITE AND ONLINE COMMUNICATIONS, COORDINATES MESSAGES AND CENTRALIZED MARKETING SERVICES FOR PROGRAMS, AND OVERSEES CUSTOMER SERVICE FUNCTIONS IN SUPPORT OF OVERALL EFFICIENCY AND RENEWABLE PROGRAM GOALS. 84544 0 0 THE SOLAR LMI PROGRAM PROVIDES TRAINING AND OTHER RESOURCES TO LOW AND MODERATE INCOME PARTICIPANTS THROUGH COMMUNITY BASED ORGANIZATIONS. 84544 0 0 173142274 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1527 0 1 129 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OR X X PATI PRESNAIL DIRECTOR OF FINANCE 5034938888 421 SW OAK STREET SUITE 300 PORTLAND OR 97204 ROGER HAMILTON PRESIDENT 15.00 X X 0 0 0 MARK KENDALL SECRETARY 10.00 X X 0 0 0 DEBBIE KITCHIN BOARD MEMBER 5.00 X X 0 0 0 ALAN MEYER VICE PRESIDENT 5.00 X X 0 0 0 SUSAN BRODAHL TREASURER 5.00 X X 0 0 0 KEN CANON VICE PRESIDENT 5.00 X X 0 0 0 LINDSEY HARDY BOARD MEMBER 5.00 X 0 0 0 ANNE HAWORTH ROOT BOARD MEMBER 5.00 X 0 0 0 EDDIE SHERMAN BOARD MEMBER 5.00 X 0 0 0 MELISSA CRIBBINS BOARD MEMBER 5.00 X 0 0 0 DAN ENLOE BOARD MEMBER 5.00 X 0 0 0 JOHN REYNOLDS BOARD MEMBER 5.00 X 0 0 0 ELEE JEN BOARD MEMBER 5.00 X 0 0 0 ROLAND RISSER BOARD MEMBER 5.00 X 0 0 0 ERIC HAYES BOARD MEMBER 5.00 X 0 0 0 HENRY LORENZEN BOARD MEMBER 5.00 X 0 0 0 ERNESTO FONSECA BOARD MEMBER 5.00 X 0 0 0 MICHAEL COLGROVE EXECUTIVE DIRECTOR 40.00 X 198744 0 29703 PATI PRESNAIL DIRECTOR OF FINANCE 40.00 X 160747 0 17694 SCOTT CLARK IT DIRECTOR 40.00 X 172097 0 24801 FRED GORDON DIRECTOR OF PLANNING & EVA 40.00 X 169025 0 32273 STEVE LACEY DIRECTOR OF OPERATIONS 40.00 X 200921 0 29852 PETER WEST ENERGY PROGRAMS DIRECTOR 40.00 X 188417 0 29576 DEBORAH MENASHE DIRECTOR OF LEGAL AND HUMAN RESOURCES 40.00 X 198411 0 13326 1288362 0 177225 30 0 1 0 CLEARESULT CONSULTING INC 4301 WESTBANK DR STE 250-A AUSTIN TX 78746 PROGRAM DELIVERY 24561332 ICF RESOURCES LLC 9300 LEE HIGHWAY FAIRFAX VA 22031 PROGRAM DELIVERY 15837908 NORTHWEST ENERGY EFFICIENCY ALLIANCE 421 SW 6TH AVE STE 600 PORTLAND OR 97204 PROGRAM DELIVERY 7423628 ENERGY 350 INC 1033 SE MAIN ST STE 1 PORTLAND OR 97214 PROGRAM DELIVERY 4510401 LOCKHEED MARTIN CORPORATION 1701 W MARSHALL DRIVE GRAND PRAIRIE TX 75051 PROGRAM DELIVERY 4498180 87 190593186 190593186 1069210 1069210 191662396 0 0 1069210 406887 406887 9875817 8233107 1642710 682479 484444 198035 1454762 1220280 234482 791290 644734 146556 16250 16250 57125 57125 5652070 4976174 675896 2521662 2521231 431 114667 83214 31453 709383 639259 70124 931727 760981 170746 186056 147291 38765 184314 128105 56209 1815 1815 394157 335387 58770 110812 90505 20307 INCENTIVES 95451589 95451589 PROGRAM MGMT & DELIVERY 57113020 57113020 CUSTOMER SERVICE MGMT 163617 163617 174843 149336 25507 176994342 173142274 3852068 0 3010300 3010300 49213604 50094237 51814 18763 263669 430669 2733864 2460995 5316395 4658291 883927 658104 22721392 38440393 1277406 1285701 80155976 96399162 31033006 32460945 990344 1133461 32023350 33594406 X 48132626 62804756 48132626 62804756 80155976 96399162 14668054 4076 0 X 0 1 X 1 0 X 163416784 145845407 150791319 196408400 190593186 847055096 163416784 145845407 150791319 196408400 190593186 847055096 847055096 270436 535173 459595 428529 1069210 2762943 849818039 0.99670 0.99720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: CONSULTING RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 615557 366729 248828 4700838 4291562 409276 658104 DEFERRED RENT 1133461 1133461 X 191666472 4076 4076 191662396 0 191662396 176994342 0 176994342 0 176994342 PART X, LINE 2: FIN 48 (ASC 740) UNCERTAIN TAX POSITIONS FINANCIAL STATEMENT FOOTNOTE - ENERGY TRUST RECOGNIZES THE TAX BENEFIT FROM UNCERTAIN TAX POSITIONS ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITIONS WILL BE SUSTAINED ON EXAMINATION BY THE TAX AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFIT IS MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. ENERGY TRUST RECOGNIZES INTEREST AND PENALTIES RELATED TO INCOME TAX MATTERS, IF ANY, IN MANAGEMENT AND GENERAL EXPENSE. ENERGY TRUST HAD NO UNRECOGNIZED TAX BENEFITS AT DECEMBER 31, 2018 OR 2017. NO INTEREST AND PENALTIES WERE ACCRUED FOR THE YEARS ENDED DECEMBER 31, 2018 OR 2017. ENERGY TRUST FILES AN EXEMPT ORGANIZATION RETURN IN THE U.S. FEDERAL JURISDICTION. X X X X 0 0 0 0 0 0 0 0 0 MICHAEL COLGROVE EXECUTIVE DIRECTOR 198097 0 0 0 647 0 12048 0 17655 0 228447 0 0 0 PATI PRESNAIL DIRECTOR OF FINANCE 150525 0 0 0 10222 0 9141 0 8553 0 178441 0 0 0 SCOTT CLARK IT DIRECTOR 171377 0 0 0 720 0 10377 0 14424 0 196898 0 0 0 FRED GORDON DIRECTOR OF PLANNING & EVA 167677 0 0 0 1348 0 10323 0 21950 0 201298 0 0 0 STEVE LACEY DIRECTOR OF OPERATIONS 192757 0 6646 0 1518 0 12207 0 17645 0 230773 0 0 0 PETER WEST ENERGY PROGRAMS DIRECTOR 186905 0 0 0 1512 0 11547 0 18029 0 217993 0 0 0 DEBORAH MENASHE DIRECTOR OF LEGAL AND HUMAN RESOURCE 190996 0 6326 0 1089 0 11839 0 1487 0 211737 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 FINANCIAL INFORMATION IS DEVELOPED BY ACCOUNTING PERSONNEL AND REVIEWED BY THE DIRECTOR OF FINANCE. THE REST OF THE CONTENT IS PROVIDED BY THE DIRECTOR OF FINANCE AND IS REVIEWED IN FULL WHEN A DRAFT IS AVAILABLE FROM OUTSIDE ACCOUNTANTS. A COPY OF THE DRAFT FORM 990 IS DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW AND DISCUSSION BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, ALL DIRECTORS AND MANAGEMENT TEAM MEMBERS DISCLOSE IN WRITING TO THE PRESIDENT, THE OTHER DIRECTORS AND THE OPUC (OREGON PUBLIC UTILITY COMMISSION), ON SUCH FORMS AND IN SUCH FORMATS ESTABLISHED BY THE DIRECTORS AND THE OPUC, ANY RELATIONSHIPS THAT MAY BE DEEMED A "DIRECT OR INDIRECT CONFLICT OF INTEREST," AS DEFINED BY STATE LAW AND IN OUR CONFLICT OF INTEREST POLICY AND AS MAY BE AMENDED AND INTERPRETED FROM TIME TO TIME. ANY SUCH DISCLOSURE SHALL BE DULY RECORDED IN THE MINUTES. IF THE MEMBER MAKES FULL DISCLOSURE OF THE NATURE AND DETAILS OF THE CONFLICT, THE MEMBER MAY THEREAFTER ENGAGE IN ANY DISCUSSION ON THE MATTER AND MAY VOTE, UNLESS THE BOARD OF DIRECTORS BELIEVES THAT THE NATURE AND EXTENT OF THE CONFLICT OF INTEREST WARRANTS THE DIRECTOR'S EXCLUSION FROM EITHER OR BOTH THE DISCUSSION AND VOTE. IF THE MEMBER DOES NOT MAKE FULL DISCLOSURE, HE OR SHE THEREAFTER MUST LEAVE THE MEETING ROOM DURING ANY DISCUSSION OR VOTE ON THE MATTER. THE ORGANIZATION ENSURES THAT EACH DIRECTOR AND EMPLOYEE HAS FILED A DISCLOSURE FORM ANNUALLY. ANY DIRECTOR WHO FAILS TO COMPLY WITH DISCLOSURE REQUIREMENTS MAY BE REMOVED BY THE OREGON PUBLIC UTILITY COMMISSION. FORM 990, PART VI, SECTION B, LINE 15 ENERGY TRUST STRIVES TO COMPENSATE EMPLOYEES IN A MANNER THAT PROVIDES A COMPETITIVE ADVANTAGE IN ATTRACTING AND RETAINING EXTRAORDINARILY TALENTED INDIVIDUALS. ENERGY TRUST ENCOURAGES AND REWARDS HIGHPERFORMING INDIVIDUALS WHO EXCEL IN THEIR POSITION AND THEREFORE CONTRIBUTE TO THE COMPANY'S SUCCESS. TO KEEP THE COMPENSATION PROGRAM TARGETED TO THE MARKET TREND, HUMAN RESOURCES WILL ANNUALLY REVIEW THE COMPENSATION PROGRAM OVERALL, PERFORM PARTICULAR JOB ANALYSES AS NEEDED, AND THEN EVERY TWO-THREE YEARS PERFORM A COMPREHENSIVE REVIEW OF THE ENTIRE SALARY STRUCTURE WITH THE ASSISTANCE OF A PROFESSIONAL COMPENSATION SPECIALIST. AN EMPLOYEE'S BASE COMPENSATION IS DETERMINED BY VARIOUS COMPONENTS: JOB SKILLS, EXPERIENCE, PERFORMANCE IN THE JOB, COMPARABLE WORTH OF THE POSITION WITHIN THE COMPANY, GENERAL MARKET AND GEOGRAPHIC LOCATION. ENERGY TRUST WILL CONTINUE TO EXERCISE CONSIDERABLE JUDGMENT AND INTERPRETATION IN OUR USE OF THIS DATA. ENERGY TRUST GENERALLY HAS AN ANNUAL REVIEW AND MERIT PROCESS FOR PERFORMANCE EVALUATION AND SALARY PLANNING. IT IS THE MECHANISM USED BY MANAGEMENT TO INCREASE BASE SALARY TO APPROPRIATELY REWARD EMPLOYEES FOR THEIR JOB PERFORMANCE. THE BOARD OF DIRECTORS OF ENERGY TRUST ANNUALLY APPOINTS AN EXECUTIVE DIRECTOR REVIEW COMMITTEE, WHOSE MEMBERS ARE CHARGED WITH THE RESPONSIBILITY OF REVIEWING THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND RECOMMENDING ANY MERIT INCREASE. THIS COMMITTEE IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. WHEN THE EXECUTIVE DIRECTOR REVIEW COMMITTEE IS CONSIDERING COMPENSATION TO THE EXECUTIVE DIRECTOR, IT ALSO RELIES ON THE COMPARABILITY DATA DESCRIBED ABOVE THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. ANY MERIT INCREASE RECOMMENDED BY THE EXECUTIVE DIRECTOR REVIEW COMMITTEE IS VOTED ON BY THE BOARD OF DIRECTORS IN PUBLIC. THE LAST EXECUTIVE DIRECTOR MERIT INCREASE WAS APPROVED BY THE BOARD OF DIRECTORS ON JULY 26, 2017 AND MADE EFFECTIVE AUGUST 16, 2017. FORM 990, PART VI, SECTION C, LINE 19 ENERGY TRUST MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE: WWW.ENERGYTRUST.ORG.