Overview
What is Operation Share Energy Fund?
Operation Share Energy Fund is a charitable initiative, operated by UGI Utilities, Inc. and its related subsidiaries, situated in Denver, Pennsylvania. Their primary mission is to extend emergency assistance to residential customers experiencing severe financial hardship, primarily related to paying their energy bills due to unforeseen circumstances. During the winter season, they aim to help households in need, ensuring they have the necessary funds to cover their energy expenses. This nonprofit organization strives to alleviate the burden of high energy bills, thereby providing relief to struggling families.
Official website here: www.ugi.com/operationshare
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (56%)
Operation Share Energy Fund has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. The organization's overall score is based solely on its Accountability & Finance performance. While it achieved a perfect score in certain areas such as the Program Expense Ratio and the Liabilities to Assets Ratio, the lack of independent board members and missing policies on conflict of interest and whistleblower protections contributed to its low rating.
The absence of independent board members raises questions about governance and oversight, and the missing policies suggest a lack of commitment to transparency and ethical practices. Additionally, while the organization does provide documentation of board meeting minutes, the failure to post its tax form on its website further complicates matters of accessibility and transparency for potential donors and stakeholders.
Despite the concerning aspects highlighted in the rating, the organization does show a high program expense ratio, suggesting that nearly all its resources are directed towards its programs. However, the overall lack of accountability measures in place indicates that potential donors should consider these factors carefully before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Operation Share Energy Fund legitimate?
Operation Share Energy Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation Share Energy Fund 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:
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Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ugi.com/operationshare
What is the mission statement of Operation Share Energy Fund?
The Operation Share Energy Fund's mission is centered around assisting households in need, specifically during the winter season, by providing aid with their energy bills. This assistance is facilitated through emergency funding from UGI Utilities, Inc., and its related subsidiaries. The fund aims to help residential customers who are experiencing severe hardship in paying their energy bills due to a crisis situation. The goal is to alleviate the burden of high energy bills during winter months, ensuring households can maintain a comfortable living environment.
Official website here: www.ugi.com/operationshare
Who is the CEO of Operation Share Energy Fund?
Robert Beard is the Executive Vp of Operation Share Energy Fund.
Official website here: www.ugi.com/operationshare
What is the revenue of Operation Share Energy Fund?
Operation Share Energy Fund's revenue in 2022 was $136,756.
Official website here: www.ugi.com/operationshare
Who are the executives of Operation Share Energy Fund and what are their salaries?
Here are 7 key members and their salaries:
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Official website here: www.ugi.com/operationshare
Where can I find the form 990 for Operation Share Energy Fund?
Operation Share Energy Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ugi.com/operationshare
Learn more at the official website: www.ugi.com/operationshare
Mission Statement of Operation Share Energy Fund
Operation Share Energy Fund is a nonprofit organization with a mission to aid households in need during the winter months. Specifically, they provide emergency assistance with energy bills for residential customers who are experiencing severe financial hardship due to a crisis situation. This assistance is facilitated by UGI Utilities, Inc. and its related subsidiaries. The fund's objective is to alleviate the burden of energy costs for those struggling to make ends meet, ensuring that they can maintain a warm and comfortable home during the colder seasons.
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Impact
October, 2024
Operation Share Energy Fund has a significant impact by providing crucial emergency assistance to households facing severe hardship with their winter energy bills. Based in Denver, PA, the program specifically targets residential customers in crisis situations, allowing them to receive support from UGI Utilities, Inc. and its subsidiaries. This assistance helps alleviate the financial stress of winter energy costs, enabling families to maintain essential heating and energy services during the cold months. By addressing these pressing needs, the fund plays a vital role in enhancing the stability and well-being of vulnerable households in the community.
This information is meant to be a general summary of Operation Share Energy Fund. 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.
- Gross Receipts: $136,756
Assets and Liabilities:
- Total Assets: $35,381
- Total Liabilities: $0
- Net Assets: $35,381
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Organization Details
Founding Year
2009
Phone
(484) 256-1717Principal Officer
Robert Beard
Main Address
ONE UGI DRIVE, DENVER, PA, 17517
Website
www.ugi.com/operationshareNTEE Category
Code: P60 - Human services
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