Overview
What is The Gridwise Alliance Inc?
The Gridwise Alliance Inc, based in Washington D.C., serves as a convener for various stakeholders in the electricity industry. Their primary goal is to promote dialogue on key policies and technologies related to grid modernization, through events, webinars, meetings, task forces, and other programs. The organization aims to foster a shared understanding of the transformative technological and policy strategies necessary to decarbonize the U.S. economy. By engaging a diverse membership, the Gridwise Alliance advocates for principles, policies, and investments that will modernize the electricity grid, ensuring its reliability, security, resilience, and affordability. Their core message emphasizes the critical role of a modern grid in supporting a decarbonized advanced economy.
Official website here: www.gridwise.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (66%)
The Gridwise Alliance Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in certain areas. The organization demonstrates a strong commitment to governance with 100% independent board members and effective policies in place, such as conflict of interest and whistleblower policies. However, the lack of financial statements and missing tax forms on their website significantly impacts their overall accountability score.
Strengths include a high program expense ratio of 79.67%, reflecting a focus on direct program spending rather than administrative costs. The organization is transparent about its board meeting minutes and has measures for document retention. Nevertheless, the high liabilities to assets ratio of 70.05% raises concerns about financial stability, which is a critical factor for potential donors and stakeholders.
Overall, while Gridwise Alliance Inc shows promise in governance and program spending, improvements in financial transparency and overall financial health are necessary to strengthen its standing and trust with the public and its supporters.
This AI summary has been generated from information found on Charity Navigator.
Is The Gridwise Alliance Inc legitimate?
The Gridwise Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Gridwise Alliance 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: $210,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.gridwise.org
What is the mission statement of The Gridwise Alliance Inc?
The Gridwise Alliance Inc's mission is to advocate for principles and policies that will transform the electricity grid, taking into account the diverse perspectives and priorities of all stakeholders. By leading a diverse membership of electricity industry players, the alliance aims to accelerate innovation, resulting in a more secure, reliable, resilient, and affordable grid. This modern grid is seen as a critical infrastructure component in supporting the decarbonization of the US economy. The alliance's core message emphasizes the importance of a modern grid in the context of a decarbonized advanced economy.
Official website here: www.gridwise.org
Who is the CEO of The Gridwise Alliance Inc?
Karen Wayland is the Board Chair of The Gridwise Alliance Inc. The CEO's salary of The Gridwise Alliance Inc is $210,000 and their total compensation is $210,000.
Official website here: www.gridwise.org
What is the revenue of The Gridwise Alliance Inc?
The Gridwise Alliance Inc's revenue in 2022 was $856,469.
Official website here: www.gridwise.org
Who are the executives of The Gridwise Alliance Inc and what are their salaries?
There 40 volunteers at The Gridwise Alliance Inc.
Here are 22 key members and their salaries (The Gridwise Alliance Inc's CEO's salary is $210,000 and their total compensation is $210,000):
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Official website here: www.gridwise.org
Where can I find the form 990 for The Gridwise Alliance Inc?
The Gridwise Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gridwise.org
Learn more at the official website: www.gridwise.org
Mission Statement of The Gridwise Alliance Inc
The Gridwise Alliance, a diverse coalition of electricity industry stakeholders, is dedicated to advocating for the principles and policies necessary to transform the electricity grid. By understanding and prioritizing the varying perspectives of all stakeholders, this organization aims to accelerate innovation that results in a more secure, reliable, resilient, and affordable grid. This modern grid is viewed as a fundamental infrastructure component in the decarbonization of the U.S. economy. The Gridwise Alliance leads this mission by championing a membership focused on fostering innovation that supports a decarbonized advanced economy.
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Impact
October, 2024
The Gridwise Alliance Inc significantly influences the future of the electricity grid by advocating for essential principles, policies, and investments necessary for its transformation. By understanding the diverse perspectives and priorities of all stakeholders, the Alliance plays a crucial role in shaping the dialogue around grid modernization.
Through workshops, webinars, meetings, and task forces, The Gridwise Alliance convenes a wide array of electricity industry stakeholders, fostering collaboration and information sharing. This community engagement is vital in addressing key policies and technologies that aim to modernize the grid effectively.
The organization emphasizes the importance of a modern grid as a foundational element in achieving decarbonization goals. By leading discussions on transformational technological and policy strategies, The Gridwise Alliance not only accelerates innovation but also enhances the security, reliability, resilience, and affordability of the electricity grid. Their work ultimately supports the overarching aim of decarbonizing the U.S. economy, underscoring the grid's critical role in an advanced, sustainable economy.
This information is meant to be a general summary of The Gridwise Alliance 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.
- Program Service Revenue: $608,940
- Gross Receipts: $856,469
Assets and Liabilities:
- Total Assets: $271,793
- Total Liabilities: $190,401
- Net Assets: $81,392
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES & ASSE
Revenue
$574,000
GRIDCONNEXT
Revenue
$34,940
Organization Details
Founding Year
2007
Phone
(202) 530-9740Principal Officer
Karen Wayland
Main Address
1800 M STREET NW S400, WASHINGTON, DC, 20036
Website
www.gridwise.orgNTEE Category
Code: U05 - Science research
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