Overview
What is Necec Institute Inc?
Necec Institute Inc, located in Somerville, Massachusetts, is a nonprofit organization dedicated to promoting a clean energy future and diverse climate economy. Their efforts primarily focus on advancing markets in grid modernization, renewable energy resources, and climate-related initiatives across the Northeast US. Through their policy and government affairs initiatives, they lead planning, education, and broad efforts, while their council spearheads legislative advocacy and related convenings. Their mission is to ensure a just, equitable, and rapid transition to a clean energy future in the region.
Official website here: www.nececinstitute.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Star rating)
The Necec Institute Inc has achieved a commendable Four-Star rating from Charity Navigator, indicating strong performance in accountability and finance. With a score of 91%, it reflects the charity's commitment to maintaining high standards in financial management and operational transparency. The overall score derives entirely from the Accountability & Finance beacon, showcasing the organization's strong governance practices.
Strengths of the organization include a fully independent board, with all members contributing to a robust decision-making process. They excelled in areas such as financial statement oversight, conflict of interest policies, and document retention practices, all of which received perfect scores. Furthermore, the program expense ratio of 74.33% illustrates a significant focus on mission-related activities, ensuring that funds are directed towards impactful programs.
While the institute demonstrates strong financial health, it is worth noting that the liabilities to assets ratio stands at 56.97%, which may indicate some level of financial risk. However, this is balanced by their high performance in other areas, suggesting that the organization is well-managed and accountable. Overall, Necec Institute Inc shows a strong commitment to its mission and transparency in its operations.
This AI summary has been generated from information found on Charity Navigator.
Is Necec Institute Inc legitimate?
Necec Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Necec Institute 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: $0
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.nececinstitute.org
What is the mission statement of Necec Institute Inc?
The Necec Institute Inc is dedicated to leading the transition towards a clean energy future and fostering a diverse climate economy in a just and equitable manner. Through their policy and government affairs initiatives, they focus on various aspects such as grid modernization, distributed clean energy resources, grid-scale renewables, climate and greenhouse gas markets, and northeast clean transportation solutions. Their aim is to advance valuable markets in these areas, promoting a sustainable and efficient energy system for the future.
Official website here: www.nececinstitute.org
Who is the CEO of Necec Institute Inc?
Joseph Curtatone is the President of Necec Institute Inc.
Official website here: www.nececinstitute.org
What is the revenue of Necec Institute Inc?
Necec Institute Inc's revenue in 2022 was $1,475,117.
Official website here: www.nececinstitute.org
Who are the executives of Necec Institute Inc and what are their salaries?
There 710 volunteers at Necec Institute Inc.
Here are 24 key members and their salaries:
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Official website here: www.nececinstitute.org
Where can I find the form 990 for Necec Institute Inc?
Necec Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nececinstitute.org
Learn more at the official website: www.nececinstitute.org
Mission Statement of Necec Institute Inc
The Northeast Energy and Clean Energy Council Institute (NECEC) is dedicated to spearheading a swift, fair, and sustainable transition to a clean energy future and a diverse climate economy. Their mission revolves around planning and educating for a just and equitable transition, while also advocating for this change on a legislative level. NECEC's efforts primarily focus on the Northeast US, where they work to develop valuable markets in various sectors such as grid modernization, distributed clean energy resources, and renewable energy sources like onshore wind and offshore wind. Furthermore, NECEC is deeply involved in promoting climate and greenhouse gas markets, as well as clean transportation solutions, all with the ultimate goal of a cleaner, greener, and more sustainable future.
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Impact
June, 2024
Necec Institute Inc's impact is significant in leading the just, equitable, and rapid transition to a clean energy future and diverse climate economy. The institute plays a key role in advancing policy and government affairs initiatives, focusing on areas such as grid modernization, distributed clean energy resources, grid-scale renewables, climate and greenhouse gas markets, and clean transportation solutions in the northeast US. Necec Institute's efforts contribute to shaping valuable markets and driving forward the necessary changes for a sustainable and environmentally conscious future.
This information is meant to be a general summary of Necec Institute 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: $4,282
- Program Service Revenue: $28,784
- Gross Receipts: $1,475,117
Assets and Liabilities:
- Total Assets: $425,769
- Total Liabilities: $242,581
- Net Assets: $183,188
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Registration Revenue
Revenue
$28,784
Organization Details
Founding Year
2007
Phone
(617) 500-9990Principal Officer
Joseph Curtatone
Main Address
444 Somerville Ave, Somerville, MA, 02143
Website
www.nececinstitute.orgNTEE Category
Code: C35 - Environment
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