2022-04-11T15:17:36-05:00 2021-06-30 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2020-07-01 830808658 INCLUSIVE PROSPERITY CAPITAL INC INCL 2034335060 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 KERRY O'NEIL CEO 8602572884 2022-04-05 1 KERRY ONEIL 999009999 LORI BUDNICK P00046310 8605614000 2022-04-05 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z X KERRY O'NEILL 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 2986511 0 X WWW.INCLUSIVEPROSPERITYCAPITAL.ORG X 2018 CT IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT THROUGH CLEAN ENERGY INVESTMENT. 5 4 0 4 0 0 285000 996325 1838219 1782517 8226 207669 0 0 2131445 2986511 0 0 0 0 1562118 1958732 0 0 221694 672125 1501180 2234243 3459912 -102798 -473401 8515398 10809004 1390063 3957666 7125335 6851338 X IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROTECT, PROMOTE AND PRESERVE THE NATURAL ENVIRONMENT BY DEVELOPING PROGRAMS TO STIMULATE CLEAN ENERGY INVESTMENT, PROMOTE CLEAN ENERGY USAGE, EDUCATE THE PUBLIC, AND PROMOTE THE REDUCTION OF GREENHOUSE GAS EMISSIONS. 0 0 1333153 1423025 ADVISORY AND CONSULTING SERVICES: IPC STAFF PROVIDES OUTSOURCED PROGRAM ADMINISTRATION AND CONSULTING SERVICES FOR CLEAN ENERGY FINANCING PROGRAMS TO GOVERNMENTS, NONPROFITS, LENDERS AND OTHER STAKEHOLDERS. IPC STAFF ALSO PROVIDE ADVICE TO DEVELOPERS AND COMMERCIAL BUILDING OWNERS ON HOW TO OBTAIN FUNDING AND STRUCTURE FINANCING FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY PROJECTS. 616369 75448 COMMERCIAL SOLAR PPA FUND PROGRAM: THIS PROGRAM OFFERS SOLAR FINANCING INCLUDING POWER PURCHASE AGREEMENTS (PPAS) TO UNDERSERVED COMMERCIAL, INDUSTRIAL AND NONPROFIT BUILDING OWNERS TO MAXIMIZE PROJECTED SAVINGS ASSOCIATED WITH SOLAR INSTALLATIONS. 171473 328055 MULTIFAMILY AND NONPROFIT LOAN PROGRAM: THIS PROGRAM PROVIDES FINANCING, CREDIT ENHANCEMENTS, AND TECHNICAL ASSISTANCE FOR LOANS AND GRANTS MADE TO OWNERS OF MULTIFAMILY BUILDINGS FOR ENERGY UPGRADES. 132486 158413 LOW TO MODERATE INCOME SINGLE FAMILY LOAN PROGRAM: THIS PROGRAM ORIGINATES, FUNDS, AND SERVICES LOANS MADE TO ORGANIZATIONS THAT DEVELOP ENERGY PROJECTS DESIGNED TO REDUCE THE ENERGY BURDEN OF LOW AND MODERATE INCOME ("LMI") COMMUNITIES. 67446 SMART - E LOAN PROGRAM: THIS PROGRAM PROVIDES SUPPORT FOR A LOW COST, LONG TERM LOAN OPTION FOR SINGLE FAMILY HOMEOWNERS TO MAKE ENERGY EFFICIENCY UPGRADES THROUGH A NETWORK OF LOCAL LENDERS. 199932 158413 2320927 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 X 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X MARK A DEBONEE 2034335060 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 KERRY E O'NEILL DIRECTOR, SECRETARY & CEO 40.00 X X 193886 0 68022 ELIZABETH CRUM DIRECTOR, CHAIRPERSON 1.00 X X 0 0 0 DOUGLASS SIMS DIRECTOR, TREASURER 1.00 X X 0 0 0 BENJAMIN G HEALEY DIR., FORMER PRESIDENT (UNTIL 06/21) 1.00 X X 0 0 0 JOSEPH EVANS DIRECTOR 1.00 X 0 0 0 ROBERTO HUNTER DIRECTOR 1.00 X 0 0 0 CHRISTOPHER P MAGALHAES CHIEF INVESTMENT OFFICER 40.00 X 201744 0 20955 GEORGE D BELLAS DIR., ACCOUNTING AND ADMIN 40.00 X 78177 0 1040 KIM STEVENSON DIRECTOR, STRATEGIC INITIATIVES 40.00 X 144828 0 41217 JOHN D'AGOSTINO DIR. CLEAN ENERGY TRANSACTIONS 40.00 X 142278 0 34425 KRISTOFER HOLZ VICE PRESIDENT, FINANCE 40.00 X 155824 0 19981 916737 0 185640 5 0 1 0 STOEL RIVES LLP 900 SW FIFTH AVENUE SUITE 2600 PORTLAND OR 97204 LEGAL SERVICES 166859 DUANE MORRIS LLP 30 SOUTH 17TH STREET PHILADELPHIA PA 19103 LEGAL SERVICES 102443 2 996325 996325 CONSULTING INCOME 900099 1364441 1364441 REC REVENUE 900099 39093 39093 PPA REVENUE 900099 36355 36355 342628 342628 1782517 207669 207669 2986511 1782517 0 207669 677651 166624 344526 166501 970146 854438 95605 20103 46881 40073 6589 219 148018 126299 14875 6844 116036 74774 29067 12195 486924 486924 51755 51755 48619 10000 38619 18653 13057 5596 86765 86765 114619 114619 94122 54364 30888 8870 4552 3186 1366 114882 114882 105356 100056 5300 82177 82177 PROGRAM DEVELOPMENT AND 290996 290996 ACCRETION EXPENSE 1760 1760 3459912 2320927 917291 221694 113718 482033 4945313 3815265 200000 398000 53445 131829 90722 101317 3063278 195392 264895 2867886 2813535 2982413 33770 30261 8515398 10809004 685642 595871 704421 3342297 0 19498 1390063 3957666 X 4883162 4659624 2242173 2191714 7125335 6851338 8515398 10809004 X -473401 168308 31096 X 0 1 X 1 0 X 7375000 285000 996325 8656325 7375000 285000 996325 8656325 930880 7725445 2616 8226 207669 218511 16371 16371 8891207 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1755374 195392 1559982 1307904 1307904 2867886 PARTICIPATION AGREEMENT - SECOND LIEN CREDIT 2982413 C 2982413 OTHER CURRENT LIABILITIES 19498 19498 3017607 31096 31096 2986511 0 2986511 3291604 0 3291604 168308 168308 3459912 PART XII, LINE 4B - OTHER ADJUSTMENTS: LOAN LOSS RESERVE 168,308. X X 0 0 0 0 0 0 0 1 0 KERRY E O'NEILL DIRECTOR, SECRETARY & CEO 193886 0 0 0 0 0 11713 0 56309 0 261908 0 0 0 CHRISTOPHER P MAGALHAES CHIEF INVESTMENT OFFICER 201744 0 0 0 0 0 12201 0 8754 0 222699 0 0 0 KIM STEVENSON DIRECTOR, STRATEGIC INITIATIVES 144828 0 0 0 0 0 9021 0 32196 0 186045 0 0 0 JOHN D'AGOSTINO DIR. CLEAN ENERGY TRANSACTIONS 142278 0 0 0 0 0 7830 0 26595 0 176703 0 0 0 KRISTOFER HOLZ VICE PRESIDENT, FINANCE 155824 0 0 0 0 0 11713 0 8268 0 175805 0 0 0 PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. BENJAMIN HEALEY FORMER MEMBER, BOARD OF DIRECTORS 1887337 THE ORGANIZATION MADE TWO INVESTMENTS IN THE FORM OF PROMISSORY NOTES BOTH DIRECTLY AND INDIRECTLY IN POSIGEN AND ITS AFFILIATES. MR. HEALEY IS THE EXECUTIVE VICE PRESIDENT, CORPORATE DEVELOPMENT & FINANCE OF POSIGEN. THIS IS THE OUTSTANDING LOAN BALANCE AT THE END OF THE TAX YEAR. 0 ROBERTO HUNTER MEMBER OF BOARD OF DIRECTORS 1320870 THE ORGANIZATION PROVIDED CONSULTING SERVICES TO ADMINISTER PROGRAMS OF THE CONNECTICUT GREEN BANK (CGB). MR. HUNTER IS THE EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER OF CGB. 0 JOSEPH EVANS MEMBER OF BOARD OF DIRECTORS 1000000 THE KRESGE FOUNDATION PROVIDES A GUARANTEE AND PRI INVESTMENT TO THE ORGANIZATION. MR. EVANS REPRESENTS THE KRESGE FOUDNATION PRIOR TO JOINING THE BOARD. 0 FORM 990, PART V, LINE 2A: INCLUSIVE PROSPERITY CAPITAL USES PROFESSIONAL EMPLOYER ORGANIZATION SERVICES TO PERFORM WITHHOLDING, REPORTING AND PAYMENT FUNCTIONS AND THEREFORE INCLUSIVE PROSPERITY CAPTIAL DOES NOT ISSUE A W-3. EMPLOYEES ARE TREATED AS COMMON LAW EMPLOYEES FOR THE PURPOSES OF FORM 990, PART VII AND PART IX. FORM 990, PART VI, SECTION B, LINE 11B DRAFT 990 IS REVIEWED BY DIRECTOR OF ACCOUNTING AND ADMINISTRATION, FOCUSING ON NUMERICAL DATA. THE 990 IS ALSO REVIEWED BY THE CFO AND CHIEF INVESTMENT OFFICER. AFTER STAFF REVIEW, THE 990 IS REVIEWED BY THE BOD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CFO DISTRIBUTES CONFLICT OF INTEREST POLICY ANNUALLY REQUESTING WRITTEN ACKNOWLEDGEMENT. TRACKS RECEIPT OF ACKNOWLEDGEMENTS. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS OF DETERMINING THE COMPENSATION FOR THE ORGANIZATION'S CEO AND MANAGEMENT TEAM ALONG WITH THE ORGANIZATION'S OTHER EMPLOYEES IS DONE ANNUALLY IN CONJUNCTION WITH THE PREPARATION OF THE ORGANIZATION'S ANNUAL OPERATING BUDGET. THIS PROCESS INCLUDES SETTING MERIT INCREASES FOR EXISTING EMPLOYEES, PROMOTIONS FOR EXISTING EMPLOYEES AND PROPOSED COMPENSATION FOR NEW HIRES AS THE NEED ARISES. THE ORGANIZATION BASES ITS JOB TITLES, CAREER LADDERS AND COMPENSATION RANGES FOR JOB TITLES BASED ON A STUDY CONDUCTED BY AN INDEPENDENT CONSULTING FIRM. THE ORGANIZATION'S BOARD REVIEWS THE PROPOSED COMPENSATION FOR THE UPCOMING YEAR AND VOTES TO ADOPT THE PROPOSED COMPENSATION WHICH IS MEMORIALIZED IN THE MINUTES TO THE BOARD MEETING. FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: LOAN RESERVE 31,096. IPC BACKSTOP LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 830808658 LENDER UNDER PRI LOAN WITH KRESGE FOR $3MM, $1MM OF WHICH HAS BEEN ADVANCED. CT 0 1000000 INCLUSIVE PROSPERITY CAPITAL INC INCLUSIVE FUND I LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 844215034 NYGB CREDIT FACILITY - SPE (BORROWER UNDER NYCG CREDIT FACILITY) DE 0 1230027 INCLUSIVE CAPITAL COMPANY I LLC INCLUSIVE CONSULTING SERVICES LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 830808658 ENTITY WILL OWN NGEN LICENSING AND WILL BILL NGEN LICENSING FEES TO NGEN PAR CT 0 0 INCLUSIVE PROSPERITY CAPITAL INC INCLUSIVE LENDING LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 851310058 ENTITY WILL MAKE COMMERCIAL LOANS IN STATE OF CA. DE 0 0 INCLUSIVE PROSPERITY CAPITAL INC INCLUSIVE CAPITAL COMPANY I LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 843898044 NYGB CREDIT FACILITY - SPE (PLEDGOR UNDER NYCG CREDIT FACILITY) DE 0 460990 INCLUSIVE PROSPERITY CAPITAL INC INCLUSIVE CATALYST I LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 844281766 NYGB CREDIT FACILITY - SPE (LENDER - CATAYLST LOANS) DE 37712 370000 INCLUSIVE FUND I LLC INCLUSIVE INFRASTRUCTURE FINANCE I LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 844308000 NYGB CREDIT FACILITY - SPE LENDER - INFRASTRUCTURE LOANS) DE 0 692955 INCLUSIVE FUND I LLC INCLUSIVE NAVIGATOR I LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 844246731 NYGB CREDIT FACILITY - SPE (LENDER - NAVIGATOR LOANS) DE 0 0 INCLUSIVE FUND I LLC IPC BRIDGE LOANS I LLC 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 844232590 NYGB CREDIT FACILITY - SPE (LENDER - BRIDGE LOANS) DE 0 0 INCLUSIVE FUND I LLC