Skip to content

Minnesota · Nonprofit

FRESH ENERGY

FRESH ENERGY (Minnesota) receives grants from 95 organizations whose IRS filings report $31,237,413 to it, the largest being The McKnight Foundation ($7,048,000). 68 of them have funded it in more than one year.

Revenue FY2025
$7.1M
Funders on record
95
Grants received
$31M
Net assets
$8.6M
68/95 repeat fundersgrants exceed reported revenue in one year
01What it does

What Fresh Energy does

Mission

Shape and drive bold policy solutions to achieve equitable carbon-neutral economies.

As stated on its FY2025 Form 990.

Programs

  1. Energy transition - see schedule o.

    $3,805,188 spentof which $662,022 as grants
    53% of program spending
  2. Energy news network - see schedule o.

    $1,054,980 spent$1,100 earned by the program
    15% of program spending
  3. Clean electricity - see schedule o.

    $713,203 spent
    10% of program spending
  4. Public affairs: as a policy organization, Fresh Energy drives change in multiple decision-making forums including local governments, the minnesota legislature and with our congressional delegation. Our public affairs department provides expert leadership on policy-maker education, advocacy, and coalition work with partners across the state. In collaboration with our communications team the public affairs department also operates a growing action network that equips the public to weigh in on climate and energy decision making.

    $588,472 spent
    8% of program spending
  5. Energy access and equity: Fresh Energy is committed to ensuring that the transition to clean energy benefits all. Equity is a consideration in our work across programs and within our internal operations. We also have a number of programmatic initiatives underway with a specific focus on equity, including serving as co-lead of the minnesota multifamily affordable housing energy network (mmahen), which connects building owners, renters, housing and energy advocates, financing entities, health professionals, and others to improve the efficiency of apartment buildings and other multifamily housing. In multiple state and national forums, we also shape renewable energy program design, energy efficiency and weatherization investments, and other initiatives to reduce the energy burden on under-resourced households. Access and equity are also central elements of our clean transportation work to electrify transit and school buses.

    $443,544 spent
    6% of program spending
  6. Acceleration fund: acceleration fund was developed to further accelerate the mission of Fresh Energy to shape and drive bold policy solutions to achieve equitable carbon-neutral economies.

    $565,337 spent
    8% of program spending

The 6 programs described on its FY2023 Form 990, listed largest first by expense. Program spending in total: $7,170,724.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($3.4M) Expenses 100 ($2.8M) Net assets 100 ($2.5M)2018 Revenue 132 ($4.4M) Expenses 103 ($2.9M) Net assets 163 ($4.1M)2019 Revenue 114 ($3.8M) Expenses 127 ($3.5M) Net assets 176 ($4.4M)2020 Revenue 69 ($2.3M) Expenses 145 ($4.0M) Net assets 111 ($2.8M)2021 Revenue 245 ($8.3M) Expenses 174 ($4.8M) Net assets 249 ($6.3M)2022 Revenue 248 ($8.4M) Expenses 200 ($5.5M) Net assets 361 ($9.1M)2023 Revenue 253 ($8.5M) Expenses 223 ($6.2M) Net assets 453 ($11M)2024 Revenue 171 ($5.8M) Expenses 316 ($8.7M) Net assets 335 ($8.5M)2025 Revenue 212 ($7.1M) Expenses 253 ($7.0M) Net assets 341 ($8.6M)
'17'18'19'20'21'22'23'24'25
Revenue (212)Expenses (253)Net assets (341)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2020 to 2021, from $3.1M to $6.9M (+124%).

$2.8M
$4.3M
$4.7M
$3.1M
$6.9M
$9.7M
$12M
$9.2M
$9.4M
'17'18'19'20'21'22'23'24'25
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
2025
ContributionsProgram revenueInvestmentOther

98% of FRESH ENERGY’s revenue is contributions — more reliant on donations than three-quarters of its peers (88% for the typical peer).

This organization
Typical peer · 2,303 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 2 of the last 9 reported years ran a deficit.

$604k
’17
$1.6M
’18
$321k
’19
−$1.7M
’20
$3.4M
’21
$2.8M
’22
$2.3M
’23
−$3.0M
’24
$127k
’25
6.5
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Brenda Cassellius

Executive director (until jan 2025)

As listed on its FY2025 Form 990.

The chief executive listed changed between the FY2023 and FY2024 filings.

'17'18'19'20'21'22'23'24'25
Listed181921172424212426
Joined·+2+2+1+9+7+3+3+6
No longer listed·10527604
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 16 funders to 50 funders, grant income rose $1.4M → $5.3M.

22 of 95 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 16% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.

From the IRS filings of FRESH ENERGY’s funders (the co-funder graph). Top 30 of 95 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

FRESH ENERGY has a broad base — no single funder exceeds 23% of grant income, and it takes 3 funders to reach half.

the vertical line marks half of all grant income — 3 funders to its left

50% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund FRESH ENERGY.

23%
largest funder
55%
top three
~8
effective funders

Largest funder’s share by year: 2017 37% · 2018 48% · 2019 24% · 2020 42% · 2021 24% · 2022 34% · 2023 30% — diversifying over time.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How long its funders stay

59% of FRESH ENERGY's funders are still giving 3 years after their first grant; 72% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

FRESH ENERGY draws 68% of its grant income from funders outside Minnesota, across 20 states in all.

MN
IL
WI
MI
NY
MA
SD
OH
PA
NJ
CT
CA
CO
MO
VA
DE
AR
NC
DC
FL

In-state vs out-of-state, by year

’17
’18
’19
’20
’21
’22
’23
Minnesota out of state home

Funder states come from each funder’s own filing. $5.0M arriving through sponsors registered in 16 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

FRESH ENERGY is better cushioned than half of the 1,209 environment nonprofits its size.

Operating margin2% · below the median
Months of reserve6.5mo · above the median
Revenue growth (annualized)10% · below the median

this organization peer median middle 50% of peers· 1,209 environment nonprofits $1M–$10M, FY2025

Organizations like FRESH ENERGY

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Minnesota

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Where the money goes

79% of spending goes to programs.

Program 79%Management 13%Fundraising 8%

Governance

16
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

49%

Share of support from the public (Schedule A) — the basis for its public-charity status.

Footprint & structure

Files a return copy in 38 states

AK
ME
NH
WA
ND
MN
IL
WI
MI
NY
MA
OR
NV
OH
PA
NJ
CT
RI
CA
UT
CO
KY
WV
VA
MD
NM
KS
AR
TN
NC
SC
DC
HI
OK
MS
AL
GA
FL

Screen this organization

A dated, signed PDF of the compliance screen for FRESH ENERGY: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

A paid feature, included from the $75 plan up. Sign in to download.

Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds FRESH ENERGY?
FRESH ENERGY (Minnesota) receives grants from 95 organizations whose IRS filings report $31,237,413 to it, the largest being The McKnight Foundation ($7,048,000). 68 of them have funded it in more than one year.
How many funders does FRESH ENERGY have?
IRS filings report 95 organizations giving $31,237,413 in grants to FRESH ENERGY, 68 of which have funded it in more than one year.
Who is the largest funder of FRESH ENERGY?
The McKnight Foundation is the largest funder on record, with $7,048,000 in grants. The full list of funders is on this page.
How can an organization like FRESH ENERGY find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Minnesota. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 95 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 22, 2026. What this page cannot tell you · view filing