National Energy Improvement Fund
Growth Stage
Certified B Corp lender boosting affordability of vital energy upgrades for home & building owners.
Overview
Raised: $245,000
Total Commitments ($USD)
Platform
Raise Green
Start Date
10/20/2023
Close Date
12/31/2023
Min. Goal
$10,000
Max. Goal
$1,250,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$1,000.00
Rolling Commitments ($USD)
Status
Active
Reporting Date
12/03/2023
Days Remaining
28
% of Min. Goal
2,450%
% of Max. Goal
20%
Likelihood of Max
Avg. Daily Raise
$5,568
Momentum
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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
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 $1.25 million. The campaign proceeds will be used for growth and expansion.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$2,320,281 |
$1,371,375 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$58,244 |
$-1,092,402 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$1,186,787 |
$738,153 |
|
Accounts Receivable |
$238,407 |
$190,884 |
|
Total Assets |
$7,102,379 |
$4,626,707 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$1,205,000 |
$1,205,000 |
|
Total Liabilities |
$1,205,000 |
$1,205,000 |
Financials as of: 10/20/2023
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Raise History
| Offering Name | Close Date | Platform | Valuation/Cap | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|---|
| National Energy Improvement Fund | 12/31/2023 | Raise Green | - | $245,000 | Equity - Preferred | Active | RegCF |
| National Energy Improvement Fund | 10/26/2023 | Raise Green | $2,000,000 | $325,000 | Equity - Preferred | Funded | RegCF |
| National Energy Improvement Fund | 10/19/2022 | Raise Green | $2,000,000 | $810,000 | Equity - Preferred | Funded | RegCF |
| National Energy Improvement Fund | 05/31/2021 | Raise Green | - | $140,000 | Debt | Funded | RegCF |
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