Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
ENERGY TRUST OF OREGON INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
851 SW SIXTH AVENUE SUITE 1200
 
Room/suite
City or town, state or country, and ZIP + 4
PORTLAND, OR97204
D Employer identification number

93-1313663
E Telephone number

G Gross receipts $ 125,348,756
F Name and address of principal officer:
MARGIE HARRIS
851 SW SIXTH AVENUE SUITE 1200
PORTLAND,OR97204
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.ENERGYTRUST.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 2002
M State of legal domicile: OR
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 13
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 13
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 96
6 Total number of volunteers (estimate if necessary) .... 6 0
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a 0
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b 0
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 91,303,373 124,930,851
9 Program service revenue (Part VIII, line 2g) ......... 0 0
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... 588,192 417,905
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 0 0
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 91,891,565 125,348,756
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 5,888,238 6,863,567
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 91,112,149 116,081,417
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 97,000,387 122,944,984
19 Revenue less expenses. Subtract line 18 from line 12...... -5,108,822 2,403,772
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 69,363,955 80,148,972
21 Total liabilities (Part X, line 26)............ 10,735,192 19,116,437
22 Net assets or fund balances. Subtract line 21 from line 20 ..... 58,628,763 61,032,535
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: ENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $   including grants of $   ) (Revenue $   )
BACKGROUND, MISSION AND GOALS SEE SCHEDULE O FOR INFORMATION ON BACKGROUND, MISSION AND GOALS.A. BACKGROUNDSINCE MARCH 2002, ENERGY TRUST HAS INVESTED PUBLIC PURPOSE FUNDS FROM UTILITY CUSTOMERS TO HELP OREGONIANS BENEFIT FROM ENERGY-EFFICIENCY IMPROVEMENTS AND RENEWABLE ENERGY GENERATION. WE ARE FUNDED BY AND PROVIDE SERVICES TO OREGON CUSTOMERS OF PORTLAND GENERAL ELECTRIC, PACIFIC POWER, NW NATURAL AND CASCADE NATURAL GAS, AND TO NW NATURAL CUSTOMERS IN SOUTHWEST WASHINGTON. AN INDEPENDENT 501(C)(3) NON-PROFIT ORGANIZATION, ENERGY TRUST SERVES THE RESIDENTIAL CUSTOMERS AND MOST COMMERCIAL AND INDUSTRIAL CUSTOMERS OF OUR AFFILIATED UTILITIES. WE OFFER TECHNICAL AND OTHER ASSISTANCE AND FINANCIAL INCENTIVES, HELPING CUSTOMERS DERIVE DIRECT BENEFITS FROM CLEAN ENERGY INVESTMENTS. FOUR OF OUR EIGHT PROGRAMS ARE MANAGED INTERNALLY, WHILE FOUR -THE RESIDENTIAL AND COMMERCIAL EFFICIENCY PROGRAMS- ARE COMPETITIVELY BID AND MANAGED BY CONTRACTORS. FOR MOST PROGRAMS, ENERGY TRUST SERVICES ARE PROVIDED BY SPECIALIZED LOCAL BUSINESSES LINKED IN A NETWORK OF NEARLY 2,100 TRADE ALLY CONTRACTORS AND OTHER ALLIED PROFESSIONALS FROM THROUGHOUT THE STATE.OUR WORK IS SHAPED BY TWO ADVISORY COUNCILS COMPRISED OF STAKEHOLDERS AND IS LED BY AN INDEPENDENT, DIVERSE BOARD OF DIRECTORS WHOSE MEMBERS VOLUNTEER THEIR TIME AND EXPERTISE. VIA CONTRACT WITH THE OREGON PUBLIC UTILITY COMMISSION, WE MUST COMPLY WITH MINIMUM PERFORMANCE MEASURES, REPORTING AND OTHER REQUIREMENTS IT ESTABLISHES TO GUIDE OUR OPERATIONS AND RESULTS. OUR INCLUSIVE AND TRANSPARENT APPROACH INCLUDES OPEN MEETINGS AND PUBLISHED AGENDAS, MINUTES, EVALUATION, BUDGETS AND FINANCIAL STATEMENTS. BEGINNING IN OCTOBER 2009 AND CONTINUING THROUGH 2010 ON A PILOT BASIS, ENERGY TRUST PROVIDED SERVICE TO NW NATURAL'S INDUSTRIAL FIRM AND INTERRUPTIBLE CUSTOMERS AND SCHEDULE 32 COMMERCIAL CUSTOMERS. PROGRAM COSTS AND THERM SAVINGS FOR THESE ACTIVITIES IN 2010 ARE INCLUDED IN SCHEDULE O.OVER THE SAME PERIOD, WITH AUTHORIZATION FROM THE WASHINGTON UTILITIES AND TRANSPORTATION COMMISSION (WUTC), ENERGY TRUST SERVED NW NATURAL RESIDENTIAL AND COMMERCIAL CUSTOMERS IN SOUTHWEST WASHINGTON. RESULTS OF THOSE ACTIVITIES ARE REPORTED TO NW NATURAL AND THE WUTC SEPARATELY FROM THIS ANNUAL REPORT. NW NATURAL AND THE WUTC ARE EXPECTED TO DECIDE WHETHER TO CONTINUE CONTRACTING WITH ENERGY TRUST FOR THESE SERVICES BY JUNE 2011.B. PURPOSE STATEMENTENERGY TRUST PROVIDES COMPREHENSIVE, SUSTAINABLE ENERGY EFFICIENCY, CONSERVATION AND RENEWABLE ENERGY SOLUTIONS TO THOSE WE SERVE. C. VISION STATEMENT ENERGY TRUST ENVISIONS A HIGH QUALITY OF LIFE, A VIBRANT ECONOMY AND A HEALTHY ENVIRONMENT AND CLIMATE FOR GENERATIONS TO COME, BUILT WITH RENEWABLE ENERGY, EFFICIENT ENERGY USE AND CONSERVATION. D. 2014 STRATEGIC PLAN GOALS 1. SAVE 479 AVERAGE MEGAWATTS OF ELECTRICITY.2. SAVE 34.7 MILLION ANNUAL THERMS OF NATURAL GAS. 3. PRODUCE 124 AVERAGE MEGAWATTS OF ELECTRICITY FROM NEW RENEWABLE GENERATION. ****************************************************************************2010 RESULTS A. GENERAL SAVINGS AND GENERATION - ELECTRIC EFFICIENCY PROJECTS COMPLETED IN 2010 SAVED 45.7 AVERAGE MEGAWATTS OF ELECTRICITY AT A LEVELIZED COST OF 2.5 CENTS PER KILOWATT HOUR. THIS SAVINGS IS 101 PERCENT OF THE 2010 STRETCH GOAL (1). COMPARED TO 2009, ANNUAL SAVINGS INCREASED BY 63 PERCENT (2).- GAS EFFICIENCY PROJECTS COMPLETED IN 2010 SAVED OVER 4.6 MILLION ANNUAL THERMS OF NATURAL GAS AT A LEVELIZED COST OF 32 CENTS PER THERM. GAS SAVINGS ACHIEVED 96 PERCENT OF THE 2010 STRETCH GOAL AND EXCEEDED 2009 RESULTS BY 61 PERCENT. - WITH ONE EXCEPTION, EVERY ENERGY TRUST ENERGY EFFICIENCY PROGRAM MET ITS MINIMUM CONSERVATIVE ELECTRIC AND GAS GOALS FOR 2010, AND MOST EXCEEDED STRETCH GOALS. PRODUCTION EFFICIENCY EXCEEDED ITS STRETCH ELECTRIC GOAL AND FELL SHORT OF ITS AMBITIOUS GAS CONSERVATIVE GOAL. MARKET TRANSFORMATION SAVINGS FROM THE NORTHWEST ENERGY EFFICIENCY ALLIANCE ALSO CAME IN UNDER GOAL, DUE PRINCIPALLY TO A DECLINE IN SALES OF COMPACT FLUORESCENT LIGHT BULBS.- ELECTRIC AND GAS EFFICIENCY SAVINGS, AVERAGED OVER THREE YEARS, EXCEEDED OREGON PUBLIC UTILITY COMMISSION PERFORMANCE MEASURES, AS DID ANNUAL LEVELIZED LIFE-CYCLE COSTS.- OVERALL RENEWABLE ENERGY GENERATION FOR THE YEAR OF 3.3 AVERAGE MEGAWATTS EXCEEDED 2009 LEVELS BY 25 PERCENT. RENEWABLE GENERATION MET THE OREGON PUBLIC UTILITY COMMISSION PERFORMANCE MEASURE OF 3 AVERAGE MEGAWATTS ON A THREE-YEAR ROLLING AVERAGE. - NEARLY 79,000 CLEAN ENERGY PROJECTS WERE COMPLETED IN 2010. THE VALUE OF INCENTIVES PAID TO SUPPORT THESE PROJECTS INCREASED BY 34 PERCENT IN 2010 TO MORE THAN $71 MILLION, A NEW RECORD HIGH. - SINCE 2002, CUMULATIVE SAVINGS TOTAL 254 AVERAGE MEGAWATTS OF ELECTRICITY AND 17.8 MILLION ANNUAL THERMS OF NATURAL GAS, EQUIVALENT TO 53 PERCENT AND 51 PERCENT, RESPECTIVELY, OF OUR 2014 ELECTRIC AND GAS SAVING GOALS. (SEE ELECTRIC EFFICIENCY SAVINGS, FOR IMPACT ON THESE TOTALS OF INCLUDING ADDITIONAL SAVINGS FROM SELF-DIRECT PROJECTS.) - SINCE 2002, CUMULATIVE GENERATION EQUALS 103 AVERAGE MEGAWATTS OF RENEWABLE ENERGY, APPROXIMATELY 82 PERCENT OF THE 2014 GOAL OF 124 AVERAGE MEGAWATTS.- PARTICIPATING OREGON UTILITY CUSTOMERS SAVED $175 MILLION IN 2010. SINCE 2002, CUMULATIVE CUSTOMER BILL SAVINGS FOR PARTICIPANTS TOTAL $778 MILLION. - ENERGY TRUST EXPENDITURES AND ENERGY SAVINGS IN 2010 GENERATED $55.8 MILLION IN WAGES, $14.8 MILLION IN INCOME TO SMALL BUSINESS OWNERS, AND 1,234 FULL- AND PART-TIME JOBS. - CUMULATIVE, NET ECONOMIC IMPACTS OF ENERGY TRUST SAVINGS FROM 2002-2010 ARE ESTIMATED TO EQUAL $79.6 MILLION IN WAGES, $12.1 MILLION IN SMALL BUSINESS INCOME AND MORE THAN 2,400 JOBS (3). - AIR QUALITY IMPROVEMENTS STEMMING FROM ENERGY TRUST INVESTMENTS HAVE OFFSET MORE THAN SIX MILLION TONS OF CARBON DIOXIDE GENERATED BY FOSSIL FUELS (4), THE EQUIVALENT OF TAKING MORE THAN ONE MILLION CARS OFF THE ROAD FOR ONE YEAR.- MAINTAINED LOW ADMINISTRATIVE COSTS AT 5 PERCENT OF TOTAL REVENUE, IN FULL COMPLIANCE WITH THE OPUC PERFORMANCE MEASURE OF 11 PERCENT. - OBTAINED AN UNQUALIFIED FINANCIAL AUDIT AND STRONG CUSTOMER SATISFACTION RATINGS, SATISFYING ADDITIONAL OPUC PERFORMANCE REQUIREMENTS. - EXPANDED THE NUMBER OF OREGON TRADE ALLY CONTRACTORS AND OTHER ALLIED PROFESSIONALS BY 40 PERCENT, HELPING SUPPORT OREGON'S ECONOMY DURING TOUGH TIMES. *************************************************************************(1) ENERGY TRUST REFLECTS ANNUAL GOALS IN A RANGE, WITH A 25 PERCENT DIFFERENCE BETWEEN THE CONSERVATIVE AND STRETCH GOALS. THE RANGE IS BASED ON OUR ASSESSMENT OF THE EXTENT OF FACTORS BEYOND OUR CONTROL, SUCH AS VARIABILITY IN MARKET CONDITIONS, PROJECT COMPLETION DATES AND TECHNOLOGY PERFORMANCE. (2) THE 2010 TRUE UP ANALYSIS APPLIED EVALUATION RESULTS TO ADJUST SAVINGS CLAIMED IN 2010 AND PRIOR YEARS. TRUED UP ELECTRIC SAVINGS FOR 2009 WERE 4 AVERAGE MEGAWATTS LOWER THAN REPORTED IN THE 2009 ANNUAL REPORT (28 VS 32 AVERAGE MEGAWATTS). TRUED UP GAS SAVINGS FOR 2009 WERE 14,203 ANNUAL THERMS LOWER THAN REPORTED IN THE 2009 ANNUAL REPORT (2,864,455 VS 2,878,658 ANNUAL THERMS). (3) SOURCE: ECONORTHWEST 2011. ECONOMIC IMPACT NUMBERS ARE IN ADDITION TO WHAT WOULD HAVE OCCURRED WITHOUT ENERGY TRUST'S INVESTMENT. (4) SOURCE: NORTHWEST POWER AND CONSERVATION COUNCIL, 0.76 LBS OF CARBON DIOXIDE REDUCTION PER KWH OF ENERGY SAVED OR GENERATION USING RENEWABLE RESOURCES, 11.7 LBS OF CARBON DIOXIDE REDUCTION PER THERM SAVED.**************************************************************************
4b (Code:   ) (Expenses $ 99,656,643 including grants of $   ) (Revenue $   )
ENERGY EFFICIENCY PROGRAMSSEE SCHEDULE O FOR INFORMATION ON ENERGY EFFICIENCY.B. RESIDENTIAL EFFICIENCY PROGRAMS- BOTH RESIDENTIAL PROGRAMS EXCEEDED ELECTRIC STRETCH GOALS FOR 2010. EXISTING HOMES MET ITS CONSERVATIVE GAS GOAL, WHILE NEW HOMES AND PRODUCTS BEAT ITS STRETCH GOAL BY 28 PERCENT. COMBINED, 2010 ELECTRIC SAVINGS INCREASED 34 PERCENT OVER 2009, WHILE GAS RESULTS GREW BY 5 PERCENT. - TO BOOST SAVINGS IN A TROUBLED ECONOMY, SERVE HOMEOWNERS WITH CONSTRAINED RESOURCES AND ACCOMMODATE THE DELAYED START DATE FOR A BEHAVIOR-CHANGE PROGRAM, EXISTING HOMES LAUNCHED A CAMPAIGN IN FALL 2010 OFFERING FREE ENERGY-SAVING CHOICES. FREE YOUR HOME WAS SUCCESSFUL BEYOND EXPECTATIONS, PROVIDING NEARLY 25,000 OREGONIAN HOUSEHOLDS WITH NO-COST AND LOW-COST WAYS TO LOWER THEIR ENERGY COSTS. - MORE THAN 1,100 INDIVIDUALS PARTICIPATED IN ONE OF 36 HOME ENERGY IQ WORKSHOPS OFFERED STATEWIDE IN 2010, PROVING INTEREST IS HIGH AND SETTING THE STAGE FOR ADDITIONAL WORKSHOP OPPORTUNITIES IN 2011, BOTH THROUGH ENERGY TRUST AND IN COLLABORATION WITH AFFILIATED UTILITIES AND OTHER ORGANIZATIONS.- 360 KILL A WATT(R) METERS WERE MADE AVAILABLE FOR LOAN THROUGH 140 LIBRARIES STATEWIDE TO MEASURE ENERGY USED BY APPLIANCES AND OTHER DEVICES.- THE APPROXIMATELY 18,700 REFRIGERATORS AND FREEZERS RECYCLED IN 2010 EXCEEDED OUR GOAL AND REPRESENT A 20 PERCENT INCREASE OVER 2009. - TWO NEW ENERGY SAVING EQUIPMENT MEASURES INTRODUCED IN 2009 PRODUCED STRONG RESULTS IN 2010. THE NUMBER OF DUCTLESS HEAT PUMPS INSTALLED MORE THAN TRIPLED TO 510, WHILE THE NUMBER OF GAS HEARTHS INSTALLED GREW FROM 19 IN 2009 TO 542 IN 2010. APPROXIMATELY TWO-FIFTHS OF THE HEARTHS WERE EQUIPPED WITH ENERGY-SAVING ELECTRONIC IGNITIONS.- SAVINGS WITHIN REACH, WHICH OFFERS HIGHER INCENTIVES FOR MODERATE INCOME PARTICIPANTS, EXPANDED IN 2010 TO SERVE 224 HOUSEHOLDS, UP FROM 137 IN 2009. - THE NUMBER OF NEW HOMES RECEIVING ENERGY PERFORMANCE SCORES DOUBLED IN 2010 COMPARED TO 2009, FROM 259 TO 602 HOMES.- THE 500-HOME CLEAN ENERGY WORKS PORTLAND LOAN PROGRAM, BEGUN IN 2009 WITH ENERGY TRUST LEADERSHIP, BECAME NEARLY FULLY SUBSCRIBED IN 2010, AUTHORIZING 379 LOANS WITH 117 MORE IN PROGRESS. THE APPROACH OFFERED NO-MONEY DOWN LOANS WITH UTILITY-BILL PAYBACK FOR HOME PERFORMANCE ASSESSMENTS AND ENERGY UPGRADES THAT SAVE 10-30 PERCENT OF THE HOMES GAS AND ELECTRICITY USE. UPON RECEIPT OF A $20 MILLION AMERICAN RECOVERY AND REINVESTMENT ACT GRANT, A NEW NONPROFIT ORGANIZATION CALLED CLEAN ENERGY WORKS OREGON FORMED AND GEARED UP TO OFFER A PROGRAM SIMILAR IN 17 COMMUNITIES STATEWIDE. ENERGY TRUST CONTINUES TO SUPPORT THE PROGRAM AND GAIN SAVINGS BY CONTRIBUTING OUR INCENTIVES TO PARTICIPATING HOMEOWNERS. - CLEAN ENERGY WORKS ENGAGED ENERGY TRUST TRADE ALLY CONTRACTORS CERTIFIED BY THE BUILDING PERFORMANCE INSTITUTE TO DELIVER HOME PERFORMANCE WITH ENERGY STAR(R). DURING 2010 ENERGY TRUST ENROLLED 46 NEW HOME PERFORMANCE-CERTIFIED TRADE ALLIES, ENDING THE YEAR AT 81 CERTIFIED CONTRACTORS STATEWIDE. OF THESE, EIGHT ARE CERTIFIED BY THE STATE OF OREGON AS MINORITY- OR WOMEN-OWNED BUSINESSES, AND 21 ARE CERTIFIED AS EMERGING SMALL BUSINESSES. C. COMMERCIAL EFFICIENCY PROGRAMS- COMMERCIAL PROGRAMS IN 2010 MET THEIR COMBINED STRETCH GAS GOALS BY LARGE MARGINS. COMPARED TO 2009, 2010 ELECTRIC AND GAS SAVINGS BOTH INCREASED BY MORE THAN 50 PERCENT. - IN A WEAK ECONOMY, THE BUSINESS VALUE OF ENERGY COST SAVINGS IS MAGNIFIED. COMMERCIAL PROGRAMS SAW A TREND TOWARD SMALLER PROJECTS WITH SHORTER PAYBACKS.- ONE VERY LARGE PROJECT COMPLETED IN 2010. A COMBINED HEAT AND POWER PROJECT AT OREGON STATE UNIVERSITY'S ENERGY CENTER USES WASTE HEAT FROM ELECTRICITY GENERATION TO HEAT CAMPUS BUILDINGS. THE PROJECT ACCOUNTS FOR 2.7 AVERAGE MEGAWATTS OF THE 2010 TOTAL.- EXISTING BUILDINGS COMPLETED ENERGY-SAVING PROJECTS AT 2,500 SITES IN 2010, AN INCREASE OF NEARLY 50 PERCENT OVER 2009. THIS INCLUDES WORK WITH THE OREGON DEPARTMENT OF ENERGY ON 105 K-12 SCHOOL PROJECTS, AND THE INSTALLATION OF 16 COMMERCIAL SOLAR WATER HEATING SYSTEMS.- COMMERCIAL OFFICES, RETAIL, GROCERIES AND WAREHOUSES ACCOUNTED FOR CLOSE TO THREE-FIFTHS OF EXISTING BUILDINGS' 2010 ELECTRIC SAVINGS, WHILE SCHOOLS, UNIVERSITIES AND OFFICES PRODUCED MORE THAN HALF OF GAS SAVINGS. - ALMOST HALF OF EXISTING BUILDINGS ELECTRIC SAVINGS CAME FROM LIGHTING PROJECTS. SAVINGS FROM CUSTOM PROJECTS REMAINED STRONG FOR BOTH ELECTRIC AND GAS MEASURES, REPRESENTING TWO-FIFTHS OF ELECTRIC SAVINGS AND THREE-FIFTHS OF GAS SAVINGS - IN 2010, EXISTING BUILDINGS LAUNCHED SUCCESSFUL OFFERS THAT FOCUSED ON LOW-COST OPERATIONS IMPROVEMENTS, INCLUDING TUNE-UPS FOR DIRECT DIGITAL CONTROLS AND FOR ROOF-TOP HEATING, COOLING AND AIR CONDITIONING UNITS. - NEW BUILDINGS COMPLETED 236 NEW CONSTRUCTION PROJECTS FOR COMMERCIAL, INDUSTRIAL AND MULTIFAMILY CUSTOMERS. BASED ON THIRD-PARTY EVALUATIONS AND MARKET ANALYSIS BY PROGRAM STAFF, NEW BUILDINGS ESTIMATED A 70 PERCENT MARKET SHARE IN ENERGY TRUST SERVICE TERRITORY IN 2010. - LEED(R) PROJECTS ACCOUNTED FOR 15 PERCENT OF 2010 NEW BUILDINGS AND MORE THAN 30 PERCENT OF THE TOTAL SQUARE FOOTAGE. LEED PROJECTS REPRESENTED 43 PERCENT OF ELECTRIC SAVINGS AND 55 PERCENT OF GAS SAVINGS FOR NEW BUILDINGS IN 2010.- NEW BUILDINGS CONTINUED TO FOCUS ON RECRUITING NEW SCHOOL PROJECTS, WITH 53 NEW K-12, COLLEGE AND UNIVERSITY PROJECTS ENROLLED IN 2010; 34 PROJECTS WERE COMPLETED, PROVIDING NEARLY $770,000 IN INCENTIVES TO SCHOOLS. - TO REFLECT THE ROLLOUT OF A NEW, 15 PERCENT HIGHER OREGON COMMERCIAL BUILDING ENERGY CODE THAT BECAME MANDATORY OCTOBER 1, 2010, NEW BUILDINGS REVAMPED INCENTIVES, PROVIDED NEW CALCULATOR TOOLS AND CREATED UPDATED PROGRAM FORMS.- AN INNOVATIVE PATH TO NET ZERO PILOT IS HELPING 15 PROJECTS, INCLUDING SCHOOLS AND PUBLIC BUILDINGS, DESIGN HIGHLY EFFICIENT BUILDINGS THAT EXCEED CODE REQUIREMENTS BY 50 PERCENT OR MORE. MANY WILL ALSO INCORPORATE RENEWABLE GENERATION TO HELP OFFSET THE ENERGY THEY USE, THUS ATTAINING "NET ZERO ENERGY USE" STATUS. D. INDUSTRY AND AGRICULTURE EFFICIENCY PROGRAMS - ELECTRIC SAVINGS IN THE INDUSTRIAL AND AGRICULTURAL SECTOR NEARLY DOUBLED IN 2010 COMPARED TO 2009, COMING IN AT 30 PERCENT ABOVE THE 2010 STRETCH GOAL. THIS RESULT DEMONSTRATES THE COMMITMENT OF OREGON INDUSTRIAL CUSTOMERS TO CONTINUE TO INVEST IN ENERGY EFFICIENCY EVEN IN A TOUGH ECONOMY.- 2010 WAS THE SECOND YEAR OF INDUSTRIAL GAS PROGRAMS, WITH GAS SAVINGS MORE THAN 2.5 TIMES GREATER THAN FIRST YEAR 2009 SAVINGS. THE PROGRAM FELL SHORT OF ITS 2010 CONSERVATIVE GOAL YET MADE SIGNIFICANT STRIDES WITH UTILITIES TO ACCURATELY IDENTIFY CUSTOMERS ELIGIBLE FOR GAS INCENTIVES, A CHALLENGE THAT HAD BEEN A BARRIER TO SUCCESS.- APPROXIMATELY ONE-THIRD OF THE PROGRAM'S ELECTRIC SAVINGS IN 2010 RESULTED FROM TWO INNOVATIVE NEW INITIATIVES DESIGNED TO MEET THE NEEDS OF INDUSTRIAL CUSTOMERS WITH LESS AVAILABLE CAPITAL TO IMPLEMENT LARGE PROJECTS. THESE TWO OFFERINGS PRODUCED SOME OF THE MOST COST-EFFECTIVE SAVINGS ACROSS ALL PROGRAMS. - ONE OF THESE INITIATIVES, CALLED "90 BY 90," WAS A SPECIAL INCENTIVE OFFER FOR CUSTOM OPERATIONS AND MAINTENANCE PROJECTS. THE OTHER WAS THE VERY SUCCESSFUL INDUSTRIAL ENERGY IMPROVEMENT INITIATIVE, WHICH PROVIDED INTENSIVE TRAINING TO ENERGY MANAGERS AT 17 PLANTS, HELPING THEM IDENTIFY AND IMPLEMENT OPERATIONAL EFFICIENCIES AT LOW OR NO CAPITAL COST WHILE DEVELOPING AN ENERGY EFFICIENCY CULTURE AMONG COWORKERS.- THREE YEARS AGO PRODUCTION EFFICIENCY INTRODUCED NEW, VENDOR-DELIVERED OFFERINGS FOR SMALLER MANUFACTURERS AND FARMERS. AT THE SAME TIME, THE PROGRAM INCREASED ITS EFFORTS IN INDUSTRIAL LIGHTING, ANOTHER TRADE ALLY-DRIVEN INITIATIVE. PARTICIPATION IN THESE LOW-COST, HIGHER VOLUME OFFERINGS FOR CALCULATED AND PRESCRIPTIVE MEASURES IN LIGHTING, COMPRESSED AIR, MOTORS, IRRIGATION AND GREENHOUSE EQUIPMENT HAS INCREASED SUBSTANTIALLY AND IN 2010 REPRESENTED 33 PERCENT OF ELECTRIC SAVINGS, DRAMATIC GROWTH FROM LESS THAN ONE PERCENT IN 2006. - THIS YEAR SAW COMPLETION OF THE 2,000TH INDUSTRIAL/AGRICULTURAL PROJECT SINCE BRINGING MANAGEMENT OF THE PROGRAM IN HOUSE IN EARLY 2008. THE NUMBER OF PROJECTS COMPLETED ANNUALLY HAS DOUBLED OVER THIS PERIOD, REFLECTING EXPANDED OFFERINGS TO MEDIUM AND LARGE CUSTOMERS, AS WELL AS OUTREACH TO SMALL INDUSTRIAL AND AGRICULTURAL BUSINESSES.**************************************************************************
4c (Code:   ) (Expenses $ 19,145,850 including grants of $   ) (Revenue $   )
RENEWABLE ENERGY PROGRAMSSEE SCHEDULE O FOR INFORMATION ON RENEWABLE ENERGY PROGRAMS.E. RENEWABLE ENERGY PROGRAMS- IN ADDITION TO THE 3.3 AVERAGE MEGAWATTS OF POWER THAT CAME ON LINE IN 2010, FINANCIAL COMMITMENTS WERE MADE TO PROJECTS EXPECTED TO PRODUCE 2.7 AVERAGE MEGAWATTS WHEN THEY BEGIN GENERATION IN 2011 AND BEYOND. CHANGES TO STATE TAX INCENTIVES RESULTED IN A NUMBER OF PROJECTS BEING POSTPONED. - ENERGY TRUST'S (AND OREGON'S) FIRST GEOTHERMAL GENERATION PROJECT WENT ON LINE IN APRIL AT THE OREGON INSTITUTE OF TECHNOLOGY, KLAMATH FALLS, POWERING DELIVERY OF HOT WATER USED FOR CAMPUS HEATING AND SELLING EXCESS ELECTRICITY TO PACIFIC POWER. WITH A NAMEPLATE CAPACITY OF 280 KILOWATTS, THE PLANT IS EXPECTED TO GENERATE 669 MEGAWATT HOURS OF ELECTRICITY ANNUALLY. - MORE THAN 1,000 RESIDENTIAL SOLAR ELECTRIC SYSTEMS WERE INSTALLED IN 2010, A NEARLY THREE-FOLD INCREASE OVER 2009. AT A COMBINED SEVEN MEGAWATTS CAPACITY, 2010 INSTALLATIONS SET A NEW ANNUAL RECORD-BRINGING TOTAL INSTALLED CAPACITY TO MORE THAN 20 MEGAWATTS. THIS GROWTH REFLECTS THE POWER OF THE COMMUNITY-DRIVEN SOLARIZE CONCEPT AND ITS SUCCESS IN LOWERING EQUIPMENT PRICING AND SPURRING COMPETITION AMONG INSTALLERS. - ENERGY TRUST CONDUCTED ITS FIRST "SOLARIZE UNIVERSITY" IN PENDLETON TO HELP CITIZENS HELP THEIR COMMUNITIES GO SOLAR. - COMMERCIAL SOLAR ELECTRIC PROJECT ACTIVITY ALSO INCREASED AT A RATE OF 17 PERCENT. AN ESTIMATED 50 PERCENT OF COMMERCIAL SOLAR PROJECTS IN DEVELOPMENT DROPPED OUT BECAUSE OF STATE TAX CREDIT UNCERTAINTIES-IN PARTICULAR, THIRD-PARTY INVESTORS UNABLE TO ATTRACT TAX PARTNERS FOR THE PASS-THROUGH OPTION. - FOUR DAIRY DIGESTERS USING THE THIRD-PARTY OWNERSHIP MODEL-A NATIONAL TREND NEW TO OREGON FOR THIS TECHNOLOGY-RECEIVED FUNDING COMMITMENTS FROM ENERGY TRUST IN 2010. TWO RECEIVED STATE TAX CREDIT APPROVALS AND ARE MOVING FORWARD. THE OTHER TWO WERE DENIED TAX CREDITS AND ARE APPLYING AGAIN FOR PRE-CERTIFICATION.- ENERGY TRUST, OREGON ASSOCIATION OF CLEAN WATER AGENCIES, US ENVIRONMENTAL PROTECTION AGENCY (REGION 10) AND BONNEVILLE POWER ADMINISTRATION CONTRIBUTED FUNDING TO SUPPORT SUSTAINABLE ENERGY MANAGEMENT TRAINING, BRINGING STRATEGIC ENERGY MANAGEMENT TO WASTEWATER TREATMENT FACILITIES. THE APPROACH, USING TOOLS SIMILAR TO THE INDUSTRIAL ENERGY INITIATIVE, CREATES A PROGRAM TO MEET THE GOAL OF CONTINUAL IMPROVEMENT TO REDUCE ENERGY CONSUMPTION AND INCREASE RENEWABLE ENERGY USE AT OREGON WASTEWATER TREATMENT PLANTS, HELPING FURTHER ENERGY INDEPENDENCE. - THREE SMALL HYDRO SYSTEMS WERE INSTALLED AND BEGAN GENERATION IN 2010, ALL OF THEM SERVING IRRIGATION DISTRICTS AND BRINGING WATER SAVING BENEFITS. COMMITMENTS WERE EXTENDED TO FOUR ADDITIONAL PROJECTS. - THE MARKET FOR SMALL WIND IS GROWING. FOURTEEN SYSTEMS WERE INSTALLED IN 2010, COMPARED TO FOUR IN 2009, AND 10 MORE ARE IN PROGRESS FOR COMPLETION IN 2011. THE 2010 INSTALLATIONS ARE ALL OWNER-FUNDED AND OCCUPY A MIX OF RESIDENTIAL AND FARM SITES, MOST IN THE WILLAMETTE VALLEY. - COMPETITION FOR STATE TAX CREDITS HELD UP DECISIONS ON RENEWABLE ENERGY PROJECTS ACROSS ALL TECHNOLOGIES. ROUGHLY ONE IN SIX MEDIUM TO LARGE PROJECTS RECEIVED TAX CREDIT AWARDS. **************************************************************************
(Code:   ) (Expenses $ 1,675,991 including grants of $   ) (Revenue $   )
COMMUNICATION AND OUTREACH PROGRAMSSTAFF, SERVICES AND MATERIALS NECESSARY FOR OUTREACH AND COMMUNICATIONS FUNCTIONS AND ACTIVITIES SUPPORTING GENERAL AND CROSS-PROGRAM ENERGY TRUST NEEDS. THESE ACTIVITIES CONTRIBUTE TO ALL STRATEGIC GOALS AND INCLUDE TIMELY INVOLVEMENT OF KEY CITIZENS AND STAKEHOLDERS IN PROGRAM DEVELOPMENT, COORDINATION OF MESSAGES, WEB SITE DEVELOPMENT AND MAINTENANCE, QUARTERLY AND ANNUAL REPORTING, STAKEHOLDER NEWSLETTERS, MEDIA RELATIONS AND OTHER PUBLIC COMMUNICATIONS, GENERAL EDUCATION AND OUTREACH ACTIVITIES, EVENTS SPONSORSHIP, CREATIVE SERVICES FOR ORGANIZATION AND PROGRAM COMMUNICATIONS, PROGRAM MARKETING SUPPORT., PRODUCTION AND IMPLEMENTATION OF ADVERTISING CAMPAIGNS, DEVELOPMENT OF IMAGE GUIDELINES, AND PROVISION OF A CENTRALIZED CALL CENTER.
4d Other program services. (Describe in Schedule O.)
(Expenses $ 1,675,991 including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 120,478,484
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? Click to see attachment........
2
Yes
 
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
No
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
 
No
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
 
No
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
 
No
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
 
No
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
 
No
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III.....
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................
24a
 
No
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
 
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
 
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
 
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I...... Click to see attachment
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................ Click to see attachment
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II........................... Click to see attachment
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III............... Click to see attachment
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV ......................... Click to see attachment
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV................... Click to see attachment
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV.. Click to see attachment
28c
Yes
 
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1.....................
34
 
No
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2...
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2...........
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VI
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
828
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
 
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
96
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
 
No
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
 
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
 
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
13
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
13
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
 
No
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
 
No
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
OR
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
SUSANNE MEYER SAMPLE CFO
851 SW SIXTH AVENUE SUITE 1200
PORTLAND,OR97204
(503) 493-8888
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) JOHN REYNOLDS
PRESIDENT
 8.00 X   X       0 0 0
(2) RICK APPLEGATE
VICE PRESIDENT
 3.00 X   X       0 0 0
(3) DEBBIE KITCHIN
SECRETARY
 5.00 X   X       0 0 0
(4) JOHN KLOSTERMAN
TREASURER
 5.00 X   X       0 0 0
(5) DAN DAVIS
BOARD MEMBER
 3.00 X           0 0 0
(6) JASON EISDORFER
BOARD MEMBER
 3.00 X           0 0 0
(7) DAN ENLOE
BOARD MEMBER
 3.00 X           0 0 0
(8) ROGER HAMILTON
BOARD MEMBER
 3.00 X           0 0 0
(9) JULIE HAMMOND
BOARD MEMBER
 4.00 X           0 0 0
(10) AL JUBITZ
BOARD MEMBER
 3.00 X           0 0 0
(11) ALAN MEYER
BOARD MEMBER
 3.00 X           0 0 0
(12) PRESTON MICHIE
BOARD MEMBER
 3.00 X           0 0 0
(13) CATHERINE MCKEOWN
BOARD MEMBER
 3.00 X           0 0 0
(14) JOHN SAVAGE
EX-OFFICIO, OPUC
 3.00 X           0 0 0
(15) JULIE BRANDIS
BOARD MEMBER
 3.00 X           0 0 0
(16) BOB REPINE
EX-OFFICIO, ODOE
 3.00 X           0 0 0
(17) MARGIE HARRIS
EXECUTIVE DIRECTOR
 40.00     X X X   163,670 0 15,532
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) SUSANNE MEYER SAMPLE
CFO
 40.00     X   X   132,392 0 9,744
(19) FRED GORDON
DIR. OF PLANNING & EVALUATION
 40.00         X   123,771 0 20,642
(20) STEVE LACEY
DIRECTOR OF OPERATIONS
 40.00         X   127,330 0 21,513
(21) PETER WEST
DIRECTOR OF ENERGY PROGRAMS
 40.00         X   129,144 0 23,693
(22) JOHN VOLKMAN
GENERAL COUNSEL
 40.00         X   122,985 0 21,441
(23) AMBER COLE
DIR. OF COMMUNICATIONS & CUSTMR SRVC
 40.00         X   102,678 0 23,441
(24) JAN SCHAEFER
FORMER DIR. OF COMMUNICATIONS
 23.00           X 103,785 0 0












1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 1,005,755 0 136,006
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet8
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
Yes
 
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
PORTLAND ENERGY CONSERVATION INC
100 SW MAIN ST STE 1600
PORTLAND,OR97204 		PROGRAM DELIVERY 10,551,517
NORTHWEST ENERGY EFFICIENCY ALLIANCE
529 SW 3RD AVE STE 600
PORTLAND,OR97204 		PROGRAM DELIVERY & COMPUTER SERVICES 7,547,088
CONSERVATION SERVICES GROUP INC
208 SW 5TH ST STE 700
PORTLAND,OR97204 		PROGRAM DELIVERY 6,361,384
LOCKHEED MARTIN SERVICES INC
621 SW MORRISON ST STE 550
PORTLAND,OR97205 		PROGRAM DELIVERY 4,592,637
CASCADE ENERGY ENGINEERING
19 E CHERRY ST
WALLA WALLA,WA99362 		PROGRAM DELIVERY 1,620,748
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet29
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e 124,929,766
f All other contributions, gifts, grants, and
similar amounts not included above1f 		1,085
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet 124,930,851
Program Service Revenue Business Code
2a
b
c
d
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet  
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 417,905     417,905
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents    
b Less: rental expenses    
c Rental income or (loss)    
d Net rental income or (loss).......MediumBullet        
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory    
b Less: cost or other basis and sales expenses    
c Gain or (loss)    
d Net gain or (loss)..........MediumBullet        
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet  
12 Total revenue. See Instructions....MediumBullet 125,348,756 0 0 417,905
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21    
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 321,339   321,339  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 5,020,950 3,976,231 1,044,719  
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 307,303 250,402 56,901  
9 Other employee benefits ....... 760,654 609,297 151,357  
10 Payroll taxes ........... 453,321 340,850 112,471  
11 Fees for services (non-employees):        
a Management ......        
b Legal ......... 8,383 66 8,317  
c Accounting ........... 60,434   60,434  
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ......        
g Other .......... 6,290,955 5,874,296 416,659  
12 Advertising and promotion .... 1,718,394 1,718,394    
13 Office expenses ....... 45,835 30,889 14,946  
14 Information technology ...... 6,237 6,111 126  
15 Royalties ..        
16 Occupancy ........... 263,853 185,040 78,813  
17 Travel ............ 83,131 58,618 24,513  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings .... 117,417 37,104 80,313  
20 Interest ........... 5,000   5,000  
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 29,668 26,194 3,474  
23 Insurance .............. 50,621 35,501 15,120  
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a INCENTIVES 71,644,081 71,644,081 0  
b PROGRAM MGMT. & DELIVER 34,855,334 34,855,334 0  
c PLANNING & EVALUATION 350,664 344,519 6,145  
d CUSTOMER SERVICE MGMT. 138,863 138,863 0  
e DUES, LICENSES & FEES 108,312 98,641 9,671  
f All other expenses 304,235 248,053 56,182  
25 Total functional expenses. Add lines 1 through 24f 122,944,984 120,478,484 2,466,500 0
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 300 1 300
2 Savings and temporary cash investments ....... 68,593,466 2 69,036,646
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net ......... 106,937 4 72,172
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net .............   7  
8 Inventories for sale or use ..............   8  
9 Prepaid expenses and deferred charges ............ 222,006 9 2,105,023
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 1,622,464
b Less: accumulated depreciation. ..... 10b 991,466 270,796 10c 630,998
11 Investments—publicly traded securities ..........   11  
12 Investments—other securities. See Part IV, line 11 ......   12 8,042,156
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets .........   14  
15 Other assets. See Part IV, line 11 ........... 170,450 15 261,677
16 Total assets. Add lines 1 through 15 (must equal line 34)... 69,363,955 16 80,148,972
Liabilities 17 Accounts payable and accrued expenses . 10,092,364 17 18,380,518
18 Grants payable ..........   18  
19 Deferred revenue ..........   19  
20 Tax-exempt bond liabilities ..........   20  
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 642,828 25 735,919
26 Total liabilities. Add lines 17 through 25..... 10,735,192 26 19,116,437
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... 58,628,763 27 61,032,535
28 Temporarily restricted net assets .....   28  
29 Permanently restricted net assets .....   29  
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... 58,628,763 33 61,032,535
34 Total liabilities and net assets/fund balances ..... 69,363,955 34 80,148,972
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
125,348,756
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
122,944,984
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
2,403,772
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
58,628,763
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
 
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
61,032,535
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
ENERGY TRUST OF OREGON INC
 
Employer identification number

93-1313663
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .... 58,101,063 63,328,071 77,570,232 91,303,373 124,930,851 415,233,590
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3.. 58,101,063 63,328,071 77,570,232 91,303,373 124,930,851 415,233,590
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.           415,233,590
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4.. 58,101,063 63,328,071 77,570,232 91,303,373 124,930,851 415,233,590
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 2,270,829 3,197,780 1,766,864 588,192 417,905 8,241,570
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).           423,475,160
12
12
896,312
13
Section C. Computation of Public Support Percentage
14
14
98.050 %
15
15
97.420 %
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .            
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......            
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5.            
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...            
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.            
c Add lines 7a and 7b..            
8 Public Support (Subtract line 7c from line 6.)            
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6...            
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b.            
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.).            
14
Section C. Computation of Public Support Percentage
15
15
 
16
16
 
Section D. Computation of Investment Income Percentage
17
17
 
18
18
 
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
Schedule B
(Form 990, 990-EZ,
or 990-PF)
Department of the Treasury
Internal Revenue Service
Schedule of Contributors
Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
OMB No. 1545-0047
2010
Name of organization
ENERGY TRUST OF OREGON INC
 
Employer identification number

93-1313663
Organization type (check one):
Filers of:
Section:
Form 990 or 990-EZ





Form 990-PF




Check if your organization is covered by the General Rule or a Special Rule.  
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
General Rule—
Special Rules
......................... Arrow Bullet   $    
Caution. An Organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2 of its Form 990, or check the box in the heading of its
Form 990-EZ, or on line 2 of its Form 990-PF, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).
For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.
Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part I
Name of organization
ENERGY TRUST OF OREGON INC
  		Employer identification number

93-1313663
Part I
Contributors (see Instructions)
     
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
RESTRICTED
RESTRICTED
 

     
RESTRICTED
RESTRICTED  
RESTRICTED, RESTRICTED   RESTRICTED

$RESTRICTED




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
(a)
No.		 (b)
Name, address, and ZIP + 4		 (c)
Aggregate contributions		 (d)
Type of contribution
 
 
 

     
 
   

$  




(Complete Part II if there is
a noncash contribution.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part II
Name of organization
ENERGY TRUST OF OREGON INC
  		Employer identification number

93-1313663
Part II
Noncash Property (see Instructions)
     
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
(a) No.
from
Part I		 (b)
Description of noncash property given		 (c)
FMV (or estimate)
(see instructions) 		(d)
Date received
 
$    
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Schedule B (Form 990, 990-EZ, or 990-PF) (2010)
Page 1 of 1 of Part III
Name of organization
ENERGY TRUST OF OREGON INC
  		Employer identification number

93-1313663
Part III
Exclusively religious, charitable, etc., individual contributions to section 501(c)(7), (8), or (10) organizations
aggregating more than $1,000 for the year. (Complete columns (a) through (e) and the following line entry.)
For organizations completing Part III, enter the total of exclusively religious, charitable, etc.,
contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet $  
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
(a) No.
from
Part I		 (b)
Purpose of gift		 (c)
Use of gift		 (d)
Description of how gift is held
 
(e)
Transfer of gift
Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
 
 
       
 
Schedule B (Form 990, 990-EZ, or 990-PF) (2010)

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ENERGY TRUST OF OREGON INC
 
Employer identification number

93-1313663
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance ....      
b Contributions ........      
c Investment earnings or losses ...      
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		     
f Administrative expenses ....      
g End of year balance ......      
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet  
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
 
(ii) related organizations ........................
3a(ii)
 
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
 
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land .................      
b Buildings ................        
c Leasehold improvements ............   22,382 22,382 0
d Equipment ................   1,202,579 969,084 233,495
e Other .................   397,503   397,503
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 630,998
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
(3)Other
(A) CERTIFICATES OF DEPOSIT 		8,042,156 C








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet 8,042,156
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet  
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
ACCRUED PAYROLL AND RELATED EXPENSES 678,522
DEFERRED RENT LIABILITY 57,397







Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 735,919
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 125,348,756
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 122,944,984
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 2,403,772
4 Net unrealized gains (losses) on investments .......................... 4  
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8  
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 0
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 2,403,772
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 125,348,756
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d ..................... 2e 0
3 Subtract line 2e from line 1..................... 3 125,348,756
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 125,348,756
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 122,944,984
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d  
e Add lines 2a through 2d...................... 2e 0
3 Subtract line 2e from line 1..................... 3 122,944,984
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 122,944,984
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ENERGY TRUST OF OREGON INC
 
Employer identification number

93-1313663
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
 
No
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
Yes
 
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) MARGIE HARRIS (i)
(ii)		 142,574
0 		0
0 		21,096
0 		8,598
0 		6,934
0 		179,202
0 		0
0
(2) PETER WEST (i)
(ii)		 107,144
0 		0
0 		22,000
0 		6,545
0 		17,148
0 		152,837
0 		0
0
(3) JAN SCHAEFER (i)
(ii)		 103,785
0 		0
0 		0
0 		0
0 		0
0 		103,785
0 		0
0













Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
  PART I, LINE 4A SERP PAYMENTS MARGIE HARRIS - $14,000 SUSANNE MEYER SAMPLE - $5,000 FRED GORDON - $2,886 STEVE LACEY - $5,000 PETER WEST - $22,000
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
Schedule L
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Transactions with Interested Persons
MediumBullet Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V lines 38a or 40b.
MediumBullet Attach to Form 990 or Form 990-EZ. MediumBulletSee separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ENERGY TRUST OF OREGON INC
 
Employer identification number

93-1313663
Part I
Excess Benefit Transactions (section 501(c)(3) and section 501 (c)(4) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.
1(a) Name of disqualified person (b) Description of transaction (c) Corrected?
Yes No





2
Enter the amount of tax imposed on the organization managers or disqualified persons during the year under section 4958. ......................... Bullet Image$
 
3
Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ....... Bullet Image$
 

Part II
Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 26, or Form 990-EZ, Part V, line 38a.
(a) Name of interested person and purpose (b) Loan to or from the organization? (c)Original principal amount (d)Balance due (e) In default? (f) Approved by board or committee? (g)Written agreement?
To From Yes No Yes No Yes No
Total ...............Small Bullet $  
Part III
Grants or Assistance Benefitting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.
(a) Name of interested person (b)Relationship between interested person and the organization (c)Amount of grant or type of assistance
For Privacy Act and Paperwork Reduction Act Notice, see the
Instructions for Form 990 or 990-EZ.
Cat. No. 50056A
Schedule L (Form 990 or 990-EZ) 2010
Schedule L (Form 990 or 990-EZ) 2010
Page 2
Part IV
Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.
(a) Name of interested person (b) Relationship between interested person and the organization (c) Amount of transaction (d) Description of transaction (e) Sharing of organization's revenues?
Yes No
(1) MARGIE HARRIS EXECUTIVE DIRECTOR 7,547,088 SEE BELOWMS. HARRIS IS A BOARD MEMBER OF THE NW ENERGY EFFICIENCY ALLIANCE (NEEA). A CONTRACTUAL AGREEMENT EXISTS BETWEEN ENERGY TRUST AND NEEA TO OPERATE MARKET TRANSFORMATION PROGRAMS. NEEA BOARD MEMBERSHIP ASSISTS IN THE COORDINATION OF THIS PROGRAM.   No
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule L (see instructions).
Identifier Return Reference Explanation
Schedule L (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  




SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
ENERGY TRUST OF OREGON INC
 
Employer identification number

93-1313663
Identifier Return Reference Explanation
FORM 990, PART VI, SECTION A, LINE 7A   DIRECTORS MAY BE ELECTED AT ANY BOARD OF DIRECTORS MEETING BY A MAJORITY VOTE OF DIRECTORS THEN IN OFFICE.
FORM 990, PART VI, SECTION B, LINE 11   A COPY OF THE DRAFT FORM 990 WAS PRESENTED FOR REVIEW TO THE FULL BOARD AT THEIR MAY 4TH BOARD MEETING.
  FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION ENSURES THAT EACH DIRECTOR AND EMPLOYEE HAS FILED A DISCLOSURE FORM ANNUALLY. BEGINNING IN 2010, ANY DIRECTOR WHO FAILS TO COMPLY WITH DISCLOSURE REQUIREMENTS MAY BE REMOVED BY THE OREGON PUBLIC UTILITY COMMISSION.
  FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION PROGRAM SUMMARY ENERGY TRUST WILL TARGET A MARKET POSITION THAT PROVIDES A COMPETITIVE ADVANTAGE IN ATTRACTING AND RETAINING EXTRAORDINARILY TALENTED INDIVIDUALS. ENERGY TRUST ENCOURAGES AND REWARDS HIGH-PERFORMING INDIVIDUALS WHO EXCEL IN THEIR POSITION AND THEREFORE CONTRIBUTE TO THE COMPANY'S SUCCESS. TO KEEP THE COMPENSATION PROGRAM TARGETED TO THE MARKET TREND, THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION PROGRAM. BASE SALARY AN EMPLOYEE'S BASE COMPENSATION IS DETERMINED BY VARIOUS COMPONENTS: JOB SKILLS, EXPERIENCE, PERFORMANCE IN THE JOB, COMPARABLE WORTH OF THE POSITION WITHIN THE COMPANY, AND GEOGRAPHIC LOCATION. THE COMPENSATION STRUCTURE HAS SALARY GRADES AND THE EMPLOYEE'S POSITION IS SLOTTED TO THE APPROPRIATE SALARY GRADE. BASE COMPENSATION FOR EMPLOYEES GENERALLY TARGETS THE MIDPOINT OR BELOW OF ENERGY TRUST'S SALARY GRADE THAT CORRESPONDS WITH THE MARKET AVERAGE. JOB DESCRIPTIONS MUST BE KEPT CURRENT TO TRULY REFLECT THE LEVEL OF RESPONSIBILITY AND ACCURATE REQUIREMENTS OF EVERY POSITION. THE PRIMARY RESPONSIBILITY FOR THIS RESTS WITH THE MANAGER. JOB DESCRIPTIONS SHOULD BE REVIEWED AT LEAST ANNUALLY, TYPICALLY AT THE TIME OF EMPLOYEE PERFORMANCE APPRAISALS AND WORK-PLAN DEVELOPMENT. SALARY SURVEYS A NECESSARY STEP IN THE DEVELOPMENT AND MAINTENANCE OF A SALARY ADMINISTRATION PROGRAM IS THE DETERMINATION OF ACTUAL SALARY LEVELS FOUND IN THE LABOR MARKET IN WHICH THE ENERGY TRUST COMPETES. THIS IS ESSENTIAL TO ENSURE ENERGY TRUST IS ADEQUATELY COMPENSATING AND CONTINUING TO ATTRACT AND RETAIN QUALIFIED INDIVIDUALS. ACCURATE JOB DESCRIPTIONS ARE A KEY TO OBTAINING VALUABLE RESULTS IN THE SURVEY PROCESS. SALARY SURVEY DATA, WHICH IS UPDATED AT LEAST BIENNIALLY, IS EXTREMELY HELPFUL IN MAINTAINING OUR POLICIES. WE WILL CONTINUE TO EXERCISE CONSIDERABLE JUDGMENT AND INTERPRETATION IN OUR USE OF THIS DATA. WE CURRENTLY UTILIZE THE SERVICES OF A COMPENSATION CONSULTANT WHO HAS ACCESS TO SEVERAL VERY DETAILED, PROFESSIONALLY PREPARED SURVEYS AS OUR BENCHMARK SURVEYS, SUCH AS MILLIMAN, ABBOTT-LANGER, MERCER, PAYSCALE.COM, COMPDATA, AND OTHER RELATED APPLICABLE SURVEYS. IN ADDITION, WE OBTAIN CUSTOM SURVEY DATA FROM ORGANIZATIONS SIMILAR TO ENERGY TRUST AT LEAST BIENNIALLY. SALARY STRUCTURE OUR SALARY STRUCTURE HAS BEEN DESIGNED THROUGH THE USE OF LOGICAL MATHEMATICAL TECHNIQUES, WHICH ARE LONG RECOGNIZED AS SOUND IN THE FIELD OF SALARY ADMINISTRATION. THERE IS EQUITY/PARITY BETWEEN THE RANGES FROM THE MINIMUM TO THE MAXIMUM. OUR SALARY STRUCTURES CONTAIN A NUMBER OF SALARY RANGES THAT ARE REPRESENTED BY A MINIMUM AND MAXIMUM DOLLAR AMOUNT. THE MINIMUM OF THE SALARY RANGE IS THE LEAST AMOUNT GENERALLY WE WILL PAY AN INDIVIDUAL WHO IS QUALIFIED FOR A POSITION SLOTTED IN THIS RANGE. THE MAXIMUM OF THE RANGE IS THE TOP SALARY AN INDIVIDUAL CAN USUALLY RECEIVE REGARDLESS OF LEVEL OF PERFORMANCE. THE MIDPOINT OF THE SALARY RANGE USUALLY REPRESENTS A COMPETITIVE SALARY LEVEL FOR A FULLY EXPERIENCED AND QUALIFIED INDIVIDUAL WHO CAN PERFORM ALL ASPECTS OF THE POSITION. PROGRESSION THROUGH THE SALARY STRUCTURE WILL USUALLY, BUT NOT NECESSARILY, OCCUR IN CONJUNCTION WITH THE EMPLOYEE'S LEVEL OF PERFORMANCE. ALL SALARY ADJUSTMENTS ARE BASED ON THE SALARY STRUCTURE AND PERCENTAGE INCREASE GUIDELINES IN PLACE AT THE TIME OF THE CHANGE. ANNUAL REVIEW AND MERIT PROGRAM ENERGY TRUST GENERALLY HAS AN ANNUAL REVIEW AND MERIT PROCESS FOR PERFORMANCE EVALUATION AND SALARY PLANNING. IT IS THE MECHANISM USED BY MANAGEMENT TO ALLOCATE MERIT INCREASES TO BASE SALARY TO APPROPRIATELY REWARD EMPLOYEES FOR THEIR OUTSTANDING JOB PERFORMANCE WITH THE COMPANY. EMPLOYEES HIRED PRIOR TO SEPTEMBER 1 OF THE YEAR ARE ELIGIBLE TO PARTICIPATE IN THE ANNUAL REVIEW PROGRAM BUT ARE GENERALLY NOT ELIGIBLE TO PARTICIPATE IN THE MERIT INCREASE PROGRAM. WHEN AWARDED, MERIT INCREASES ARE TYPICALLY EFFECTIVE FEBRUARY 1ST. A PERFORMANCE APPRAISAL FORM MUST BE COMPLETED BY THE EMPLOYEE AND THE SUPERVISOR. ONCE THE RESULTS OF THAT APPRAISAL HAVE BEEN DISCUSSED WITH THE APPROPRIATE MANAGEMENT TEAM MEMBER, THE MANAGEMENT TEAM WILL MEET AND REVIEW ALL PROPOSED MERIT INCREASES. THE PURPOSE OF THIS REVIEW IS TO MAINTAIN EQUITY ACROSS THE ENTIRE ORGANIZATION. FOLLOWING THE RETURN OF THE SIGNED REVIEW TO THE SUPERVISOR, A PERFORMANCE APPRAISAL SESSION IS SCHEDULED AND COMPLETED WITH THE INDIVIDUAL. THE EMPLOYEE SIGNS THE PERFORMANCE APPRAISAL FORM INDICATING THEY HAVE COVERED THE INFORMATION. THE FORM IS THEN PLACED IN THE EMPLOYEE'S PERSONNEL FILE. THE HUMAN RESOURCES MANAGER WILL REVIEW ALL INCREASES FOR CONFORMANCE TO ORGANIZATIONAL GUIDELINES. ALL SALARY INCREASES OUTSIDE THE GUIDELINES REQUIRE FORMAL CONSULTATION WITH THE HUMAN RESOURCES MANAGER, CHIEF FINANCIAL OFFICER, AND EXECUTIVE DIRECTOR. THE HUMAN RESOURCES MANAGER WILL THEN PREPARE A PAYROLL ACTION FORM FOR THE MANAGER'S APPROVAL AND SUBSEQUENT PAYROLL PROCESSING. EXECUTIVE DIRECTOR REVIEW THE BOARD OF DIRECTORS OF ENERGY TRUST ANNUALLY APPOINTS AN EXECUTIVE DIRECTOR REVIEW COMMITTEE, WHO ARE CHARGED WITH THE RESPONSIBILITY OF REVIEWING THE PERFORMANCE OF THE EXECUTIVE DIRECTOR AND RECOMMENDING ANY MERIT INCREASE. THIS COMMITTEE IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A CONFLICT OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. WHEN THE EXECUTIVE DIRECTOR REVIEW COMMITTEE IS CONSIDERING COMPENSATION TO THE EXECUTIVE DIRECTOR, IT ALSO RELIES ON THE COMPARABILITY DATA DESCRIBED IN STEP III THAT DEMONSTRATES THE FAIR MARKET VALUE OF THE COMPENSATION IN QUESTION. THE EXECUTIVE DIRECTOR REVIEW COMMITTEE MUST DOCUMENT HOW IT REACHED ITS DECISIONS, INCLUDING THE DATA UPON WHICH IT RELIED. WRITTEN OR ELECTRONIC RECORDS OF THE COMMITTEE WILL NOTE: 1. THE TERMS OF THE COMPENSATION AND THE DATE IT WAS APPROVED 2. THE MEMBERS OF THE ED REVIEW COMMITTEE WHO WERE PRESENT DURING THE DEBATE ON THE COMPENSATION THAT WAS APPROVED AND WHO VOTED ON IT; 3. THE COMPARABILITY DATA OBTAINED AND RELIED UPON AND HOW THE DATA WERE OBTAINED 4. ANY ACTIONS TAKEN WITH RESPECT TO CONSIDERATION OF THE COMPENSATION BY ANYONE WHO IS OTHERWISE A MEMBER OF THE ED REVIEW COMMITTEE BUT WHO HAD A CONFLICT OF INTEREST WITH RESPECT TO THE DECISION ON THE COMPENSATION. RESULTS OF THE PERFORMANCE EVALUATION ARE DISCUSSED BY THE EXECUTIVE DIRECTOR REVIEW COMMITTEE AND ARE REVIEWED AT EXECUTIVE SESSION OF THE BOARD TO MAINTAIN CONFIDENTIALITY. MERIT INCREASES FOR THE EXECUTIVE DIRECTOR ARE APPROVED BY RESOLUTION OF THE FULL BOARD AND TYPICALLY TAKE EFFECT ON JANUARY 1ST.
  FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, SECTION C, LINE 19: ENERGY TRUST MAKES IT GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST AND ON ITS WEBSITE: WWW.ENERGYTRUST.ORG.
AUDIT OVERSIGHT AND ACCOUNTANT SELECTION FORM 990, PART XI, LINE 2C: THE PROCESS FOR OVERSEEING THE AUDIT OF THE FINANCIAL STATEMENTS AND SELECTING AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version: