National Energy Improvement Fund

National Energy Improvement Fund

Growth Stage

WE FOCUS ON ENVIRONMENT AND CLIMATE

Overview

Raised to Date: Raised: $325,000

Total Commitments ($USD)

Platform

Raise Green

Start Date

10/30/2022

Close Date

10/25/2023

Min. Goal
$10,000
Max. Goal
$2,000,000
Min. Investment

$1,000

Security Type

Equity - Preferred

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1,000.00

Pre-Money Valuation

$2,000,000

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/30/2023

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$903

Momentum
Funded
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Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

Low

Capital Intensity

High

Location

Allentown, Pennsylvania

Business Type

Growth

National Energy Improvement Fund is raising funds on Raise Green. The company offers loans to people of all income levels to reduce carbon emissions and energy costs. The NEIF loans are used for heating, cooling, roofing, insulation, and other energy and resilience measures. National Energy Improvement Fund has financed diversified projects where 77% of NEIF loans have been for efficient heating, cooling, and related improvements, and 23% have been for insulation and other resiliency measures. Peter J. Krajsa and Matthew H. Brown founded National Energy Improvement Fund in 2017. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $2 million. The campaign proceeds will be used for growth and expansion.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$1,371,375

$1,091,101

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-1,092,402

$-1,354,093

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$738,153

$919,186

Accounts Receivable

$190,884

$126,607

Total Assets

$4,626,707

$3,312,987

Short-Term Debt

$0

$450,600

Long-Term Debt

$1,205,000

$171,000

Total Liabilities

$1,205,000

$621,600

Financials as of: 10/30/2022
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
National Energy Improvement Fund 03/30/2024 Raise Green - $268,000 Equity - Preferred Active RegCF
National Energy Improvement Fund 12/30/2023 Raise Green - $473,000 Equity - Preferred Funded RegCF
National Energy Improvement Fund 10/25/2023 Raise Green $2,000,000 $325,000 Equity - Preferred Funded RegCF
National Energy Improvement Fund 10/18/2022 Raise Green $2,000,000 $810,000 Equity - Preferred Funded RegCF
National Energy Improvement Fund 05/30/2021 Raise Green - $140,000 Debt Funded RegCF
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National Energy Improvement Fund on Raise Green 2022
Platform: Raise Green
Security Type: Equity - Preferred
Valuation: $2,000,000
Price per Share: $1.00

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