2022-10-31T15:34:19-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN 29 SOUTH MAIN STREET 4TH FLOOR WEST HARTFORD CT 06107 990 2021-07-01 830808658 INCLUSIVE PROSPERITY CAPITAL INC INCL 2034335060 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 KERRY O'NEIL CEO 8602572884 2022-10-28 1 KERRY ONEIL 999009999 LORI BUDNICK P00046310 8605614000 2022-09-27 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z KERRY O'NEILL 75 CHARTER OAK AVE SUITE 1-103 HARTFORD CT 06106 1661010 0 X WWW.INCLUSIVEPROSPERITYCAPITAL.ORG X 2018 CT IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROTECT, PROMOTE AND PRESERVE THENATURAL ENVIRONMENT BY: 1)DEVELOPING AND SUPPORTING PROGRAMS TO FINANCE AND STIMULATE DEMAND FOR CLEAN ENERGY INVESTMENT IN RESIDENTIAL, MUNICIPAL, SMALL BUSINESS AND LARGER COMMERCIAL PROJECTS; 2) PROMOTING THE USE, AVAILABILITY, EFFICACY, AFFORDABILITY AND QUALITY OF CLEAN ENERGY, ENERGY EFFICIENCY, SUSTAINABLE, HEALTHY AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE AND THE SOCIAL AND ECONOMIC BENEFITS DERIVED THEREFROM; 3) EDUCATING THE PUBLIC AND ENVIRONMENTAL, SOCIAL, HEALTH AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE; AND 4) PROMOTING THE REDUCTION OF GREENHOUSE GAS EMISSIONS, PROMOTING AND/OR MITIGATING THE ADVERSE EFFECTS OF CLIMATE CHANGE, AND ACHIEVING OTHER POSITIVE ENVIRONMENTAL IMPACTS, INCLUDING THOSE LEADING TO BETTER HEALTH OUTCOMES. 4 3 0 0 0 0 996325 295000 1782517 1287701 207669 78309 0 0 2986511 1661010 0 5000 0 0 1958732 1098917 0 0 88278 1501180 1215634 3459912 2319551 -473401 -658541 10809004 21605170 3957666 14455579 6851338 7149591 X IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROTECT, PROMOTE AND PRESERVE THE NATURAL ENVIRONMENT BY: 1)DEVELOPING AND SUPPORTING PROGRAMS TO FINANCE AND STIMULATE DEMAND FOR CLEAN ENERGY INVESTMENT IN RESIDENTIAL, MUNICIPAL, SMALL BUSINESS AND LARGER COMMERCIAL PROJECTS; 2) PROMOTING THE USE, AVAILABILITY, EFFICACY, AFFORDABILITY AND QUALITY OF CLEAN ENERGY, ENERGY EFFICIENCY, SUSTAINABLE, HEALTHY AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE AND THE SOCIAL AND ECONOMIC BENEFITS DERIVED THEREFROM; 3) EDUCATING THE PUBLIC AND ENVIRONMENTAL, SOCIAL, HEALTH AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE; AND 4) PROMOTING THE REDUCTION OF GREENHOUSE GAS EMISSIONS, PROMOTING AND/OR MITIGATING THE ADVERSE EFFECTS OF CLIMATE CHANGE, AND ACHIEVING OTHER POSITIVE ENVIRONMENTAL IMPACTS, INCLUDING THOSE LEADING TO BETTER HEALTH OUTCOMES. 0 0 483480 586633 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. 259848 679521 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. ONE SUCH PROGRAM IS THE SMART-E LOAN PROGRAM, WHICH PROVIDES A LOW-COST, LONG TERM LOAN OPTION SINGLE FAMILY HOMEOWNERS FOR ENERGY UPGRADES THROUGH A NETWORK OF LOCAL LENDERS THAT ARE GIVEN ACCESS TO A CREDIT ENHANCEMENT (IF REQUIRED) IN EXCHANGE FOR OFFERING THE PRODUCT. THE PROGRAM USES ESTABLISHED PRE-APPROVED CONTRACTORS TO INSTALL THESE ENERGY UPGRADES TO REDUCE THE BUILDING OWNER'S ENERGY BURDEN. IPC MAY EITHER ADMINISTER THIS PROGRAM ON BEHALF OF A PROGRAM SPONSOR OR PROVIDE CERTAIN SERVICES TO A PROGRAM SERVICES, INCLUDING THE STANDARDIZED PROGRAMMATIC APPROACH, PROTOCOLS, MARKETING AND TECHNOLOGY. CREDIT ENHANCEMENTS TYPICALLY COMPRISE INTEREST RATE BUYDOWNS AND LOAN LOSS RESERVES MAINTAINED BY THE SPONSOR TO SUPPORT LENDER PROGRAM LOANS. IPC ADMINISTERS THIS PROGRAM FOR THE CONNECTICUT GREEN BANK, THE PROGRAM SPONSOR. THE PROGRAM IS USED TO FINANCE OVER FORTY QUALIFYING ENERGY IMPROVEMENTS AT OWNER-OCCUPIED, 1-4 UNIT RESIDENTIAL PROPERTIES IN CONNECTICUT UTILIZING 10 LOCAL LENDERS (COMMUNITY BANKS AND CREDIT UNIONS) AND A NETWORK OF OVER 350 ELIGIBLE CONTRACTORS. 189678 5000 29758 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. 98562 SMART - E LOAN PROGRAM 62238 48550 LOW TO MODERATE INCOME SINGLE FAMILY LOAN PROGRAM 160800 48550 1093806 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 0 0 0 0 0 0 0 0 0 0 0 0 0 X 4 3 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 236635 0 64495 ELIZABETH CRUM DIRECTOR, CHAIRPERSON 1.00 X X 0 0 0 DOUGLASS SIMS DIRECTOR, TREASURER 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 (UNTIL 5/21) 40.00 X 123912 0 8337 MICHELE I KUNITZ GENERAL COUNSEL 40.00 X 109789 0 1864 GEORGE D BELLAS DIR., ACCOUNTING & ADMIN (UNTIL 12/31 40.00 X 115279 0 1153 MARK A DEBONEE CHIEF FINANCIAL OFFICER 40.00 X 34500 0 2070 JOHN D'AGOSTINO DIRECTOR, CLEAN ENERGY TRANSACTIONS 40.00 X 171956 0 39773 KIM STEVENSON DIRECTOR, STRATEGIC INITIATIVES 40.00 X 149152 0 39825 MADELINE PRIEST SENIOR MANAGER, MARKET ENGAGEMENT 40.00 X 109473 0 15876 TOBIAS DAROS MANAGER, TRANSACTIONS 40.00 X 105535 0 15704 GIUSEPPE BUONANNATA SENIOR MANAGER, OPERATIONS 40.00 X 102123 0 12067 1258354 0 201164 9 0 1 0 DUANE MORRIS LLP 30 SOUTH 17TH STREET PHILADELPHIA PA 19103 LEGAL SERVICES 170573 1 20000 275000 295000 SMART-E LOAN PROGRAM 900003 679521 679521 LOW TO MODERATE INCOME 900003 561373 561373 MULTIFAMILY AND NON PR 900003 25260 25260 21547 21547 1287701 78309 78309 1661010 1287701 0 78309 5000 5000 434627 347702 21731 65194 468187 164802 298107 5278 13196 3827 9369 121327 57938 57409 5980 61580 34091 22951 4538 202684 202684 120171 120171 219212 219212 2000 1400 600 65806 65806 61839 34234 23047 4558 7100 4970 2130 4199 4199 228211 228211 56828 1656 55172 52087 52087 PROGRAM DEVELOPMENT AND 175091 175091 ACCRETION EXPENSE 975 975 19431 19431 2319551 1093806 1137467 88278 482033 3815265 13196732 398000 285000 131829 606976 101317 80630 6324940 245635 2867886 6079305 2982413 1310048 30261 46479 10809004 21605170 595871 1655178 3342297 12613558 19498 186843 3957666 14455579 X 4659624 5047003 2191714 2102588 6851338 7149591 10809004 21605170 X -658541 956794 X 0 1 X 1 0 X 7375000 285000 996325 295000 8951325 7375000 285000 996325 295000 8951325 1093550 7857775 2616 8226 207669 78309 296820 16371 16371 9264516 X SCHEDULE A, PART III THE ORGANIZATION CHANGED ITS YEAR END AND COLUMN (E) IS FOR A SHORT YEAR JULY 1, 2021 THROUGH DECEMBER 31, 2021. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6324940 245635 6079305 6079305 PARTICIPATION AGREEMENT - SECOND LIEN CREDIT 1310048 C 1310048 OTHER CURRENT LIABILITIES 24498 DEFERRED PURCHASE PRICE 162345 186843 1666992 5982 5982 1661010 0 1661010 2326391 6840 6840 2319551 0 2319551 PART XI, LINE 2D - OTHER ADJUSTMENTS: IN-KIND CONTRIBUTIONS 5,982. PART XII, LINE 2D - OTHER ADJUSTMENTS: LOAN LOSS RESERVE 6,840. X X 0 0 0 0 0 0 0 1 0 KERRY E O'NEILL DIRECTOR, SECRETARY & CEO 236635 0 0 0 0 0 11804 0 52691 0 301130 0 0 0 JOHN D'AGOSTINO DIRECTOR, CLEAN ENERGY TRANSACTIONS 171956 0 0 0 0 0 7577 0 32196 0 211729 0 0 0 KIM STEVENSON DIRECTOR, STRATEGIC INITIATIVES 149152 0 0 0 0 0 9275 0 30550 0 188977 0 0 0 PART I, LINE 7 BONUSES ARE AWARDED BASED ON THE ACHIEVEMENT OF SPECIFIC PERFORMANCE GOALS. ROBERTO HUNTER MEMBER OF BOARD OF DIRECTORS 657735 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 2200000 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 CHIEF FINANCIAL OFFICER, FOCUSING ON NUMERICAL DATA. THE 990 IS ALSO REVIEWED BY THE CEO 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: MEMBER CONTRIBUTIONS 968,325. MEMBER DISTRIBUTIONS -10,673. LOAN RESERVE, NET -858. 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 979950 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 4413160 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 20000 717735 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 25188 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 1020728 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 0 495000 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 25384 718795 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