Overview
What is Nextenergy Center?
Nextenergy Center is a nonprofit organization based in Detroit, Michigan, with a focus on advancing energy technologies and systems. The organization serves as a collaborator and service provider, working with innovators to accelerate the development and growth of smart grid and smart mobility companies, technologies, and industries. By doing so, they aim to create more sustainable communities and cities. Their mission is to enable the commercialization of energy technologies that contribute positively to economic competitiveness, energy security, and the environment. The organization employs approximately 8 individuals and is involved in federal programs to develop and execute consortia-based research and development programs to accelerate the commercialization of advanced energy technologies.
Official website here: www.nextenergy.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star Rating
Nextenergy Center has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The charity's overall score is derived entirely from its accountability measures, showcasing a high level of transparency and responsible management of funds. With a perfect score of 100% for having an independent board, the organization demonstrates solid governance practices, ensuring that decisions are made in the best interest of its mission.
The financial health of Nextenergy Center is robust, highlighted by a program expense ratio of 79.40%, indicating that a significant portion of its resources is directed towards its programs rather than administrative costs. Additionally, the organization has successfully maintained a low liabilities-to-assets ratio of 37.29%, which further underscores its fiscal responsibility. The presence of various policies, such as those for conflict of interest and whistleblower protection, adds to the charity's credibility and operational integrity.
While the data reflects strong performance in accountability and financial management, it's important to remember that assessments are based solely on these measures. Prospective donors and supporters might seek additional information regarding the charity's programmatic impact and effectiveness in achieving its mission. Nonetheless, Nextenergy Center stands out for its strong governance and financial practices.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Nextenergy Center?
96% of 15 reviewers on Facebook recommend Nextenergy Center. Here is a summary of their reviews:
Overall, the feedback highlights a strong appreciation for the facility, with many users expressing satisfaction with the services provided. The positive sentiment is reflected in the enthusiastic comments, showing a clear endorsement of the center's offerings.
The reviews suggest that individuals feel positively about their experiences at Nextenergy Center, indicating that it is a well-regarded option within its community.
This AI summary has been generated from reviews found on Facebook.
Is Nextenergy Center legitimate?
Nextenergy Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nextenergy Center submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $246,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $494,795
For more financial information, click here
Official website here: www.nextenergy.org
What is the mission statement of Nextenergy Center?
The Nextenergy Center works towards accelerating smarter, cleaner, and more accessible communities and cities by collaborating with innovators. Its primary mission is to enable the commercialization of energy technologies that positively contribute to economic competitiveness, energy security, and the environment. In addition, the center develops and executes consortia-based research and development programs to accelerate the commercialization of advanced energy technologies and systems, primarily through federal programs.
Official website here: www.nextenergy.org
Who is the CEO of Nextenergy Center?
James Saber is the Board Chair of Nextenergy Center. The CEO's salary of Nextenergy Center is $229,130 and their total compensation is $246,944.
Official website here: www.nextenergy.org
What is the revenue of Nextenergy Center?
Nextenergy Center's revenue in 2022 was $2,559,674.
Official website here: www.nextenergy.org
Who are the executives of Nextenergy Center and what are their salaries?
The average compensation at Nextenergy Center during 2022 was $92,717. There are 8 employees and 10 volunteers at Nextenergy Center.
Here are 10 key members and their salaries (Nextenergy Center's CEO's salary is $229,130 and their total compensation is $246,944):
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- Compensation: $229,130
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- Other: $17,814
- Compensation: $128,705
- Related: $0
- Other: $6,490
Official website here: www.nextenergy.org
Where can I find the form 990 for Nextenergy Center?
Nextenergy Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nextenergy.org
Learn more at the official website: www.nextenergy.org
Mission Statement of Nextenergy Center
The Nextenergy Center, a leading organization, is dedicated to fostering smarter, cleaner, and more accessible communities and cities. As a convener, collaborator, and service provider, Nextenergy Center accelerates the development and growth of smart grid and smart mobility companies, technologies, and industries with the aim of creating more sustainable cities.
The primary mission of Nextenergy Center is to enable the commercialization of energy technologies that positively contribute to economic competitiveness, energy security, and the environment. In pursuit of this goal, they take on federal programs to develop and execute consortia-based research and development programs, aiming to accelerate the commercialization of advanced energy technologies and systems.
Nextenergy Center works closely with innovators to bring about a future where energy technologies are readily available and beneficial for all, contributing to a more sustainable and secure energy landscape.
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Impact
June, 2024
Nextenergy Center's impact is focused on accelerating the development and growth of smart grid and smart mobility companies, technologies, and industries to create more sustainable cities. By working with innovators, Nextenergy is playing a crucial role in fostering smarter, cleaner, and more accessible communities. Their efforts aim to contribute positively to economic competitiveness, energy security, and the environment, making a significant impact on the advancement of energy technologies.
This information is meant to be a general summary of Nextenergy Center. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $7,653
- Gross Receipts: $2,559,674
Assets and Liabilities:
- Total Assets: $5,322,913
- Total Liabilities: $1,985,816
- Net Assets: $3,337,097
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Organization Details
Founding Year
2002
Phone
(313) 833-0100Principal Officer
James Saber
Main Address
461 BURROUGHS STREET, DETROIT, MI, 482023419
Website
www.nextenergy.orgNTEE Category
Code: C35 - Environment
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