District Energy St Paul Inc
88% goes to programs $0 to raise $100 Growing revenue
District Energy St Paul Inc is a 501(c)(3) organization based in Saint Paul, Minnesota, registered in 1979, with $67,001,355 in FY2023 revenue. CharityIndex grades it B+, and it directs about 88% of spending to programs.
305 Saint Peter St, Saint Paul, MN, 55102 EIN 41-1358662 Since 1979
Revenue (FY2023)
$67.0M
▲ 8.9% vs prior year
Public Benefit median: $140K
Expenses (FY2023)
$57.9M
Net assets
$10.6M
Employees
105
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B+
C+Program efficiency40% of the rating88% to programs · $0 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For District Energy St Paul Inc: 88% to programs · $0 to raise $100 earns a C+ on this criterion. See the exact thresholds →
BFinancial health25% of the rating2 mo reserves · +14% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For District Energy St Paul Inc: 2 mo reserves · +14% margin earns a B on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For District Energy St Paul Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For District Energy St Paul Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To develop, construct, & operate a district heating system for st. paul, minnesota that benefits its customers, community and the environment.
What they do
Operations & management services:de services llc is responsible for the operations and management of multiple energy systems and operations in saint paul, mn, including energy park utility company, district energy st. paul, st. paul cogeneration, and environmental wood supply. these last three entities work together to help use local tree waste (biomass) to generate heat and electricity for a low-carbon energy solution for local customers. the team works with cities, counties, private landowners, and businesses who need help dealing with storm-damaged, diseased, infested and other compromised trees. this year, the team supported the effort of the minnesota pollution control agency ("mpca") to coordinate meetings of biomass stakeholders to better understand the value the company's services provide to them and the community. this work included, plant, and woodyard tours and participation in stakeholder workgroup meetings led by mpca. the company continues to manage a large quantity of wood for the metropolitan region due to the removal of trees harmed by the emerald ash borer.
Contact & location
- Address
- 305 Saint Peter St, Saint Paul, MN, 55102
- City
- Saint Paul
- State
- Minnesota
- Category
- Public & Societal Benefit
- Subcategory
- Public Utilities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $21.1M (FY2013) to $67.0M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $164.8MNet assets $10.6M
Operating margin
13.5%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$175.4M
Total liabilities
$164.8M
Net assets
$10.6M
Salaries & benefits
$14.5M
25% of expenses
Board members
9
8 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $67,001,355▲8.9% | $57,940,921▲5.6% | $10,609,517▲316% | $175,428,818▲2.0% | 990 |
| 2022 | $61,525,227▲35.0% | $54,846,368▲22.6% | $2,549,158▲117% | $172,042,252▲22.4% | 990 |
| 2021 | $45,571,955▲18.2% | $44,720,001▲17.8% | -$15,127,874▼5.2% | $140,549,719▲4.9% | 990 |
| 2020 | $38,563,375▲3.8% | $37,956,895▲3.3% | -$14,385,629▲5.2% | $133,953,246▲4.1% | 990 |
| 2019 | $37,138,547▼3.8% | $36,744,373▼3.5% | -$15,169,026▲3.6% | $128,688,462▼2.3% | 990 |
| 2018 | $38,618,552▲1.5% | $38,081,948▼1.2% | -$15,743,030▲4.1% | $131,661,820▼0.1% | 990 |
| 2017 | $38,050,242▲5.7% | $38,560,596▲5.4% | -$16,418,153▼2.1% | $131,837,385▲13.2% | 990 |
| 2016 | $36,008,803▲4.3% | $36,572,248▲5.5% | -$16,083,377▼2.1% | $116,464,325▼2.5% | 990 |
| 2015 | $34,534,655▲76.7% | $34,650,998▲76.4% | -$15,747,652▼119% | $119,415,595▲84.1% | 990 |
| 2014 | $19,547,020▼7.3% | $19,647,343▼11.9% | -$7,181,628▲6.4% | $64,847,416▲1.1% | 990 |
| 2013 | $21,076,057 | $22,293,138▲18.9% | -$7,669,543▼22.1% | $64,140,854▲18.9% | 990 |
| 2012 | — | $18,756,391▲7.9% | -$6,280,880▲6.1% | $53,954,571▼3.5% | 990 |
| 2011 | — | $17,386,376▼10.1% | -$6,686,046▲18.2% | $55,898,071▲10.1% | 990 |
| 2010 | — | $19,333,203 | -$8,178,500 | $50,780,239 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Kenneth Smith — $592,179 (1.02% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Kenneth Smith | President & Ceo | 35.1 | $592,179 |
| Andrew Kasid | Evp/cfo Finance & Accounting | 31.6 | $281,022 |
| Michael Auger Chief Business | Officer & Coporate Secretary | 26.7 | $224,874 |
| Stephen Rambeck | Director of Business Development | 39.1 | $195,905 |
| Christopher Peterson | Director of Production | 41.3 | $171,653 |
| Katherine Verhasselt | Chief People & Communication Officer | 24.2 | $129,418 |
| Luke Gaalswyk | President, Ever-green Energy | 11 | $117,268 |
| Michael Burns | Chief Systems Operations Officer | 12.8 | $114,536 |
| Pamela Sarne | Vice President, Accounting | 22.7 | $113,387 |
| Michael Ahern | Chief Development Officer | 9.2 | $78,004 |
| Nick Oelke | Sr Electrical Engineer | 2.5 | $10,002 |
| Beverly Jones Heydinger | Director | 1 | — |
| Eric Krause | Director | 1 | — |
| Heide Kempf-schwarze | Director | 1 | — |
| Heidi Conrad | Chair & Officer | 1 | — |
| Kelly Lange | Director | 1 | — |
| Ken Peterson | Director | 1 | — |
| Pat Wolf | Director | 1 | — |
| Tony Poole | Director | 1 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Nova-frost | Construction/repair Services | $960,786 |
| Pioneer Power Inc | Construction/repair Services | $706,016 |
| Egan Companies | Construction/repair Services | $486,632 |
| Hunt Electric Corporation | Construction/repair Services | $230,231 |
| Collins Electrical Constructions Inc | Construction/repair Services | $163,103 |
Grants made · $25K in FY2023
1 grant totaling $25K in FY2023. All grants made by District Energy St Paul Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Saint Paul Downtown Alliance | Investment in downtown st. paul | $25,000 |
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Frequently asked questions
- Is District Energy St Paul Inc a legitimate nonprofit?
- Yes. District Energy St Paul Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1358662, based in Saint Paul, Minnesota. Donations are tax-deductible.
- What is District Energy St Paul Inc's EIN?
- District Energy St Paul Inc's Employer Identification Number (EIN) is 41-1358662.
- How much revenue does District Energy St Paul Inc report?
- District Energy St Paul Inc reported $67,001,355 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of District Energy St Paul Inc's spending goes to programs?
- District Energy St Paul Inc spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does District Energy St Paul Inc have?
- CharityIndex grades District Energy St Paul Inc B+, based on program efficiency and fundraising cost.
- How much does District Energy St Paul Inc's highest-paid employee make?
- The highest reported compensation on District Energy St Paul Inc's latest Form 990 is $592,179, paid to Kenneth Smith (President & Ceo).
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Data for District Energy St Paul Inc (EIN 41-1358662) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.