National Energy Improvement Fund

National Energy Improvement Fund

Growth Stage

Certified B Corp lender boosting affordability of vital energy upgrades for home & building owners.

Certified B Corp lender boosting affordability of vital energy upgrades for home & building owners.

Overview

Raised this Round: Raised: $431,000

Total Commitments ($USD)

Platform

Raise Green

Start Date

01/11/2024

Close Date

03/30/2024

Min. Goal
$10,000
Max. Goal
$1,250,000
Min. Investment

$100

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1,000.00

Year Founded

2007

Industry

Financial & Insurance Products & Services

Tech Sector

Non-Tech

Distribution Model

B2B/B2C

Margin

High

Capital Intensity

High

Location

Allentown, Pennsylvania

Business Type

High 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 $1.25 million. The campaign proceeds will be used for program expansion, technology, marketing and program development, and pilot portfolio loan programs.

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: 01/11/2024
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
National Energy Improvement Fund 12/30/2024 Raise Green - $2,000 Equity - Preferred Active RegCF
National Energy Improvement Fund 03/29/2024 Raise Green - $431,000 Equity - Preferred Funded 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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Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Valuation History

Price per Share History

Note: Share prices shown in earlier rounds may not be indicative of any stock splits.

Employee History

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National Energy Improvement Fund on Raise Green 2024
Platform: Raise Green
Security Type: Equity - Preferred
Price per Share: $1.00

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