Overview
What is Ahead Energy Corporation?
Ahead Energy Corporation is a research-driven organization based in Rochester, New York, with a focus on developing efficient, resilient, and low-carbon microgrid solutions. Established in 1988, its initial mission was to consult and implement energy systems in underserved, off-grid areas, particularly in Africa. However, its scope has broadened globally, with potential applications in remote areas of developed countries. The organization operates a unique, multiuser facility in Rochester, which is a Start Up NY facility affiliated with Alfred University. Ahead Energy recently signed a contract with a new user to restart their labs for fuel cell and electrolyzer membrane R&D, partially reversing a previous Asset Retirement Obligation. During the COVID-19 pandemic, they took a second tranche of a loan to prepare the facility for this new user. The corporation's work continues to be relevant to developing countries, but its technologies have the potential to impact remote areas worldwide.
Official website here: www.aheadenergy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, earning it a Two-Star out of Four Star rating.
Ahead Energy Corporation has received a Two-Star rating from Charity Navigator, indicating moderate accountability and finance practices. While the organization boasts strong governance with an entirely independent board and no material diversions of assets, it lacks key policies such as a whistleblower and document retention policy. Additionally, the organization has a high liabilities-to-assets ratio, which could raise concerns about its financial stability.
User reviews from GreatNonprofits highlight the positive impact Ahead Energy has made in various communities, particularly in Uganda, through innovative energy solutions. Partners and volunteers have praised the organization for its hands-on approach and commitment to improving living conditions, specifically through projects such as the installation of rocket stoves and solar panels. These initiatives not only enhance energy access but also promote healthier environments for schools and community centers.
However, despite the positive feedback from users, the organization's financial rating suggests there may be underlying issues that need to be addressed. The absence of a tax form on its website could hinder transparency, potentially affecting trust among donors and stakeholders. Overall, while Ahead Energy demonstrates effectiveness in project execution, it may benefit from improving its financial practices and policies to enhance overall accountability.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Ahead Energy Corporation legitimate?
Ahead Energy Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ahead Energy Corporation 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
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.aheadenergy.org
What is the mission statement of Ahead Energy Corporation?
Ahead Energy Corporation is dedicated to researching, developing, and demonstrating efficient, resilient, and low-carbon microgrid systems. Originally founded in 1988 to provide energy solutions for off-grid, underserved areas, primarily in Africa, the organization's focus has now expanded to include a global perspective, with potential applications in remote areas of developed countries as well. Ahead Energy's work centers around the transition to renewable energy sources such as wind and solar power, hydrogen and fuel cells, and other forms of storage. The organization manages a unique, multi-user facility for testing and research, with a mission to make these technologies accessible for a wide range of applications in both developing and developed nations.
Official website here: www.aheadenergy.org
Who is the CEO of Ahead Energy Corporation?
Malcolm J Grieve is the Principal Officer of Ahead Energy Corporation.
Official website here: www.aheadenergy.org
What is the revenue of Ahead Energy Corporation?
Ahead Energy Corporation's revenue in 2022 was $485,839.
Official website here: www.aheadenergy.org
Who are the executives of Ahead Energy Corporation and what are their salaries?
There 6 volunteers at Ahead Energy Corporation.
Here are 7 key members and their salaries:
- Compensation: $18,000
- Related: $0
- Other: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.aheadenergy.org
Where can I find the form 990 for Ahead Energy Corporation?
Ahead Energy Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.aheadenergy.org
Learn more at the official website: www.aheadenergy.org
Mission Statement of Ahead Energy Corporation
Ahead Energy Corporation, a research-driven organization founded in 1988, is committed to the development and demonstration of efficient, resilient, and low-carbon microgrid solutions. Initially focusing on off-grid, underserved areas in Africa, the organization has expanded its global reach to encompass the transition to wind and solar power, hydrogen/fuel cells, and other forms of storage. Ahead Energy's ultimate vision extends to remote areas in developed countries, including the United States.
The corporation owns and manages a unique multi-user facility, which serves as a hub for the testing and implementation of these innovative energy technologies. This facility, affiliated with Alfred University, is a testament to Ahead Energy's dedication to fostering sustainable energy solutions. Although the organization's roots lie in assisting developing countries, the technologies developed by Ahead Energy hold significant potential for application in a variety of remote locations worldwide.
In essence, Ahead Energy Corporation is a pioneering force in the field of renewable energy, striving to create efficient and resilient microgrid systems that can help reduce carbon emissions and promote a more sustainable future for all.
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Impact
July, 2024
Ahead Energy Corporation's impact lies in its dedication to research and development of efficient, resilient, low-carbon microgrid systems. Since its formation in 1988, the organization has been instrumental in consulting on and implementing energy systems in underserved, off-grid areas, particularly in Africa. Over the years, Ahead Energy has expanded its focus to encompass the global transition to wind and solar power, as well as hydrogen/fuel cells and other forms of storage technologies.
One significant aspect of Ahead Energy's impact is its ownership and management of a unique multi-user facility in Rochester, NY, affiliated with Alfred University. This facility serves as a hub for innovative research and development projects in the field of sustainable energy solutions.
Through its mission-driven approach, Ahead Energy Corporation continues to make a tangible difference in addressing energy challenges in developing countries and remote areas in the USA and beyond. By pioneering advancements in renewable energy technologies, the organization is contributing to a more sustainable and resilient future for communities worldwide.
This information is meant to be a general summary of Ahead Energy Corporation. 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.
- Program Service Revenue: $276,839
- Gross Receipts: $485,839
Assets and Liabilities:
- Total Assets: $1,383,975
- Total Liabilities: $1,206,731
- Net Assets: $177,244
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Organization Details
Founding Year
1988
Phone
(585) 749-2716Principal Officer
Malcolm J Grieve
Main Address
285 Metro Park, Rochester, NY, 14623
Website
www.aheadenergy.orgNTEE Category
Code: C35 - Environment
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