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New York · Nonprofit

NEW YORK CITY ENERGY EFFICIENCY CORPORATION

NEW YORK CITY ENERGY EFFICIENCY CORPORATION (New York) receives grants from 6 organizations whose IRS filings report $2,510,000 to it, the largest being THE ROCKEFELLER FOUNDATION ($950,000). 4 of them have funded it in more than one year.

Revenue FY2025
$5.2M
Funders on record
6
Grants received
$2.5M
Net assets
$25M
4/6 repeat funderspeak grant-dependency 18%
01What it does

What New York City Energy Efficiency Corporation does

Mission

Nyceec's mission is to deliver financing solutions and advance markets for energy efficiency and clean energy in communities.

As stated on its FY2025 Form 990.

Program

  1. Through the end of fy 2025, nyceec has mobilized more than $630 million in capital since launching its operations. Nyceec continued to serve low-to-moderate income (lmi) populations, greening more than 18,635 affordable housing units to-date, with approximately 85% of nyceec-financed projects being in or supporting lmi communities. In addition, nyceec continued to deepen and expand partnership with developers, housing agencies, contractors, and government programs. In fy25 nyceec also continued to develop and administer the city of new york's commercial property assessed clean energy (c-pace) program, for which nyceec is the program administrator. In fy25 nyceec also helped launch the city of new york's affordable housing reinvestment fund (ahrf) program, for which nyceec is the program administrator.

    $4,580,317 spentof which $60,000 as grants$2,209,379 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $4,580,317.

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 ($4.4M) Expenses 100 ($5.6M) Net assets 100 ($39M)2018 Revenue 131 ($5.7M) Expenses 142 ($7.9M) Net assets 95 ($37M)2019 Revenue 132 ($5.8M) Expenses 161 ($8.9M) Net assets 87 ($34M)2020 Revenue 115 ($5.0M) Expenses 95 ($5.3M) Net assets 86 ($34M)2021 Revenue 113 ($5.0M) Expenses 102 ($5.7M) Net assets 84 ($33M)2022 Revenue 105 ($4.6M) Expenses 136 ($7.5M) Net assets 77 ($30M)2023 Revenue 111 ($4.9M) Expenses 110 ($6.1M) Net assets 74 ($29M)2024 Revenue 97 ($4.2M) Expenses 135 ($7.5M) Net assets 66 ($26M)2025 Revenue 117 ($5.2M) Expenses 106 ($5.9M) Net assets 64 ($25M)
'17'18'19'20'21'22'23'24'25
Revenue (117)Expenses (106)Net assets (64)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 2017 to 2018, from $52M to $63M (+20%).

$52M
$63M
$58M
$50M
$50M
$47M
$44M
$47M
$51M
'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

Government-grant reliance: 2017 29% · 2018 22% · 2019 16% · 2020 39% · 2021 38% · 2022 38% · 2023 25% · 2024 32% · 2025 27%. Grants only. Government contracts and fees sit inside program revenue.

50% of NEW YORK CITY ENERGY EFFICIENCY CORPORATION’s revenue is contributions — more earned-revenue than three-quarters of its peers (88% for the typical peer).

This organization
Typical peer · 2,293 orgs

Surplus & reserves

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

−$1.2M
’17
−$2.1M
’18
−$3.1M
’19
−$229k
’20
−$705k
’21
−$2.9M
’22
−$1.2M
’23
−$3.2M
’24
−$716k
’25
22
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

Curtis Probst

CEO, president

Board chair

Jeffrey I Brodsky

Board member and chairperson

As listed on its FY2025 Form 990.

'17'18'19'20'21'22'23'24'25
Listed202120192022212124
Joined·+2+2+1+2+2+3+1+4
No longer listed·13210411
03Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 1 funder to 2 funders, grant income rose $100k → $250k.

From the IRS filings of NEW YORK CITY ENERGY EFFICIENCY CORPORATION’s funders (the co-funder graph). 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

NEW YORK CITY ENERGY EFFICIENCY CORPORATION leans on a few funders — its largest provides 38% of grant income and the top three 84%; half comes from just 2 funders.

the vertical line marks half of all grant income — 2 funders to its left

39% 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 NEW YORK CITY ENERGY EFFICIENCY CORPORATION.

38%
largest funder
84%
top three
~4
effective funders

Largest funder’s share by year: 2017 100% · 2018 100% · 2019 100% · 2020 57% · 2021 46% · 2022 92% · 2023 60% — 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.

Where its funders are

NEW YORK CITY ENERGY EFFICIENCY CORPORATION draws 61% of its grant income from funders outside New York, across 5 states in all.

MI
NY
CA
NC
DC

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

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

Funder states come from each funder’s own filing. 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

NEW YORK CITY ENERGY EFFICIENCY CORPORATION holds deeper cash reserves than three-quarters of the 1,074 environment nonprofits its size.

Operating margin−14% · bottom quartile
Months of reserve21.6mo · top quartile
Revenue growth (annualized)2% · bottom quartile

this organization peer median middle 50% of peers· 1,074 environment nonprofits $1M–$10M, FY2025

Organizations like NEW YORK CITY ENERGY EFFICIENCY CORPORATION

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 New York

Nationally

05Profile & governance

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

Where the money goes

78% of spending goes to programs.

Program 78%Management 20%Fundraising 2%

Governance

15
board members
100%
independent
✓Conflict-of-interest policy✓Whistleblower policy✓Document retention✓Board reviewed the 990✓Audited financials

Public support

76%

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

Footprint & structure

Files a return copy in 1 state

NY

Part of a family of 1 related entity

  • Nyceec Fuel Conversion Receivables LLC · disregarded

Screen this organization

A dated, signed PDF of the compliance screen for NEW YORK CITY ENERGY EFFICIENCY CORPORATION: 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.

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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 NEW YORK CITY ENERGY EFFICIENCY CORPORATION?
NEW YORK CITY ENERGY EFFICIENCY CORPORATION (New York) receives grants from 6 organizations whose IRS filings report $2,510,000 to it, the largest being THE ROCKEFELLER FOUNDATION ($950,000). 4 of them have funded it in more than one year.
How many funders does NEW YORK CITY ENERGY EFFICIENCY CORPORATION have?
IRS filings report 6 organizations giving $2,510,000 in grants to NEW YORK CITY ENERGY EFFICIENCY CORPORATION, 4 of which have funded it in more than one year.
Who is the largest funder of NEW YORK CITY ENERGY EFFICIENCY CORPORATION?
THE ROCKEFELLER FOUNDATION is the largest funder on record, with $950,000 in grants. The full list of funders is on this page.
How can an organization like NEW YORK CITY ENERGY EFFICIENCY CORPORATION find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in New York. 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 6 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 14, 2026. What this page cannot tell you · view filing