Overview
What is Association For Energy Affordability Inc?
The Association For Energy Affordability Inc is a nonprofit organization dedicated to improving housing affordability, health, safety, and comfort in low-income and disadvantaged communities by implementing energy efficiency programs and research projects. With a team of 122 employees, they operate primarily in New York and California, providing training, technical services, and implementing energy efficiency programs. In California, they facilitate over a hundred energy retrofit projects in multifamily buildings yearly, benefiting more than six thousand low-income tenants. Their largest program, the Low Income Weatherization Program, has deployed over $44 million in incentives to 10,393 low-income multifamily households, saving approximately 19.66 million kilowatt-hours, 1.06 million therms, and 11,825 metric tons of CO2e yearly. By making energy efficiency affordable in new and existing buildings, they aim to reduce both energy consumption and greenhouse gas emissions.
Official website here: www.aea.us.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
The Association for Energy Affordability Inc has received an 81% rating from Charity Navigator, which signifies a moderate level of accountability and financial health. This score is derived entirely from their Accountability & Finance metrics, reflecting a strong commitment to governance and transparency. The organization boasts a fully independent board of directors and has implemented robust policies to manage conflicts of interest and ensure whistleblower protections.
Strengths of the organization include an impressive program expense ratio of 94.56%, indicating that a significant majority of funds are directed towards programs rather than administrative costs. Additionally, they have received full marks in areas such as financial statement oversight and the documentation of board meeting minutes. These aspects contribute to a positive view of the nonprofit's operational integrity.
However, while the financial management appears sound, the reliance on a single beacon score may limit a comprehensive understanding of the nonprofit's overall impact and effectiveness in achieving its mission. The relatively high salaries of key management personnel might also raise questions regarding executive compensation relative to the organization's overall financial picture.
This AI summary has been generated from information found on Charity Navigator.
Is Association For Energy Affordability Inc legitimate?
Association For Energy Affordability Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Association For Energy Affordability Inc 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: $927,041
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,118,537
For more financial information, click here
Official website here: www.aea.us.org
What is the mission statement of Association For Energy Affordability Inc?
The Association For Energy Affordability Inc is dedicated to promoting energy efficiency in both new and existing buildings to make it an attainable reality for all. Through training and technical services, they support nonprofit community-based organizations that offer low-income weatherization and energy efficiency program services. Additionally, they provide these services directly as a weatherization and energy efficiency provider. The organization acts as a program implementer and technical services provider in various government and utility energy efficiency programs. By engaging in educational, technical, and energy efficiency management services, the Association For Energy Affordability Inc aims to improve housing affordability, health, safety, and comfort in low-income and disadvantaged communities while reducing energy use and greenhouse gas emissions. Their efforts facilitate over a hundred energy retrofit projects in multifamily buildings annually, benefiting more than six thousand low-income tenants. The Association's largest program, the Low Income Weatherization Program, has deployed over $44 million in incentives to 10,393 low-income multi-family households, saving 19,655,614 kilowatt-hours, 1,059,379 therms, and 11,825 metric tons of CO2e yearly.
Official website here: www.aea.us.org
Who is the CEO of Association For Energy Affordability Inc?
Peter S Hoyle is the Secretary / Treasurer of Association For Energy Affordability Inc.
Official website here: www.aea.us.org
What is the revenue of Association For Energy Affordability Inc?
Association For Energy Affordability Inc's revenue in 2022 was $27,867,301.
Official website here: www.aea.us.org
Who are the executives of Association For Energy Affordability Inc and what are their salaries?
The average compensation at Association For Energy Affordability Inc during 2022 was $65,947. There are 122 employees and 3 volunteers at Association For Energy Affordability Inc.
Here are 14 key members and their salaries:
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- Compensation: $230,202
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- Other: $30,453
- Compensation: $165,300
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- Other: $53,828
- Compensation: $185,577
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- Other: $23,009
- Compensation: $205,951
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- Other: $32,721
- Compensation: $145,407
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- Other: $35,820
- Compensation: $114,462
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- Other: $22,062
- Compensation: $178,186
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- Other: $52,955
- Compensation: $180,575
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- Other: $46,708
- Compensation: $122,276
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- Other: $17,576
Official website here: www.aea.us.org
Where can I find the form 990 for Association For Energy Affordability Inc?
Association For Energy Affordability Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aea.us.org
Learn more at the official website: www.aea.us.org
Mission Statement of Association For Energy Affordability Inc
The Association For Energy Affordability Inc, a dedicated nonprofit organization, strives to promote energy affordability through energy efficiency in both new and existing buildings. By offering training and technical services, AEA supports community-based organizations that provide low-income weatherization and energy efficiency program services in New York and California. In addition to its training role, AEA is an active player in various government and utility energy efficiency programs in these states, serving as a program implementer, technical services provider, and solutions partner.
AEA's mission is twofold: making energy efficiency a reality for buildings and improving the lives of low-income and disadvantaged communities. In California, AEA implements energy, education, and training programs, as well as research and demonstration projects, to enhance housing affordability, health, safety, and comfort while reducing energy consumption and greenhouse gas emissions. Annually, AEA facilitates over a hundred energy retrofit projects in multifamily buildings, benefiting more than six thousand low-income tenants. The largest program under AEA's umbrella, the Low Income Weatherization Program, administered by the California Department of Community Services and Development, has deployed over $44 million in incentives to 10,393 low-income multifamily households. This investment saves approximately 19.66 million kilowatt-hours, 1.059 million therms, and 11,825 metric tons of CO2e yearly.
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Impact
October, 2024
Association For Energy Affordability Inc (AEA) plays a crucial role in enhancing energy affordability and efficiency, particularly for low-income households in New York and California. By promoting energy efficiency in both new and existing buildings, AEA not only supports economic sustainability but also contributes to environmental health.
The organization provides training and technical services to community-based organizations, empowering them to deliver essential weatherization and energy efficiency programs. This approach ensures that thousands of low-income tenants benefit from improved housing conditions, which promotes health, safety, and comfort.
In California alone, AEA's implementation of energy education and research projects leads to over a hundred energy retrofit projects in multifamily buildings each year, positively impacting the lives of more than six thousand residents. Their largest initiative, the Low Income Weatherization Program, exemplifies their impact by deploying over $44 million in incentives, translating to significant energy savings—over 19 million kilowatt-hours and substantial reductions in greenhouse gas emissions annually.
By aligning energy affordability with sustainability, AEA not only alleviates financial burdens for vulnerable communities but also addresses broader environmental challenges, fostering a healthier future for both people and the planet.
This information is meant to be a general summary of Association For Energy Affordability Inc. 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: $30,391
- Program Service Revenue: $11,390,036
- Gross Receipts: $27,867,301
Assets and Liabilities:
- Total Assets: $27,117,688
- Total Liabilities: $21,141,260
- Net Assets: $5,976,428
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROG. IMPLEMENT. FEES-CA OPERATIO
Revenue
$8,514,526
PROG. IMPLEMENT. FEES
Revenue
$2,617,504
OTHER PROGRAM SERVICES
Revenue
$258,006
Organization Details
Founding Year
1992
Phone
(212) 279-4307Principal Officer
Peter S Hoyle
Main Address
105 BRUCKNER BOULEVARD, BRONX, NY, 10454
Website
www.aea.us.orgNTEE Category
Code: C27 - Environment
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