Overview
What is Calcef Innovations?
Calcef Innovations, known as New Energy Nexus, is a global network of clean energy incubators and accelerators, based in Oakland, California. They are dedicated to fostering the growth of clean energy markets and accelerating the adoption of clean energy technology in a fair manner. Operating under the New Energy Nexus brand, they engage with clean energy entrepreneurs at various stages of technical and market readiness across multiple countries, including Indonesia, Vietnam, the Philippines, Thailand, China, and New York State. Their mission is to optimize the clean energy transition, aiming for a 100%+ clean energy economy for the 100%.
Official website here: www.newenergynexus.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 87% (Three-Star out of Four Star rating)
Calcef Innovations has received a commendable rating of 87% from Charity Navigator, reflecting strong performance in accountability and finance. This score is underpinned by a perfect score for various governance measures, including having a fully independent board, a robust conflict of interest policy, and comprehensive financial practices. Their fiscal year 2022 data suggests a well-managed organization, evidenced by a low liabilities-to-assets ratio and high program expense ratio, indicating effective use of funds.
The organization demonstrates a commitment to transparency and ethical governance, with all board meeting minutes documented and financial forms distributed to board members prior to filing. These practices contribute to a solid foundation of accountability, which is vital for donor confidence and stakeholder engagement. Their fundraising efficiency also signals a low cost of fundraising in relation to the amount raised.
While Calcef Innovations showcases strong financial health and governance structures, continual assessment and improvements in areas such as public engagement and program visibility could further enhance their impact and transparency. Nonetheless, their current rating reflects a solid reputation within the nonprofit community.
This AI summary has been generated from information found on Charity Navigator.
Is Calcef Innovations legitimate?
Calcef Innovations is a legitimate nonprofit organization registered as a 501(c)(3) entity. Calcef Innovations 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: $410,879
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,637,564
For more financial information, click here
Official website here: www.newenergynexus.com
What is the mission statement of Calcef Innovations?
Calcef Innovations, operating under the brand name New Energy Nexus, is dedicated to promoting a clean energy market and accelerating the adoption of clean energy technology in a fair manner. Their mission, referred to as "Optimizing the Clean Energy Transition," aims to establish a 100%+ clean energy economy for the benefit of all. This global network of clean energy incubators and accelerators engages with entrepreneurs in various stages of technical and market readiness across Indonesia, Vietnam, Philippines, Thailand, China, and New York State, contributing to the advancement of clean energy solutions worldwide.
Official website here: www.newenergynexus.com
What is the revenue of Calcef Innovations?
Calcef Innovations's revenue in 2023 was $16,502,184.
Official website here: www.newenergynexus.com
Who are the executives of Calcef Innovations and what are their salaries?
Here are 13 key members and their salaries:
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- Related: $221,950
- Other: $38,440
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- Other: $9,586
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- Related: $160,483
- Other: $8,415
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- Related: $155,722
- Other: $13,657
- Compensation: $0
- Related: $138,496
- Other: $6,924
Official website here: www.newenergynexus.com
Where can I find the form 990 for Calcef Innovations?
Calcef Innovations's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.newenergynexus.com
Learn more at the official website: www.newenergynexus.com
Mission Statement of Calcef Innovations
Calcef Innovations, known now as New Energy Nexus, is a global network dedicated to the growth and acceleration of clean energy markets. Their mission is to optimize the clean energy transition, working towards a 100%+ clean energy economy for the future. They engage with clean energy entrepreneurs at various stages of technical and market readiness, spanning countries such as Indonesia, Vietnam, the Philippines, Thailand, China, and New York State. Their efforts aim to ensure the adoption of clean energy technology in an equitable manner.
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Impact
June, 2024
Calcef Innovations is actively working to grow clean energy markets and accelerate the adoption of clean energy technology in an equitable manner. Through their initiatives, they are optimizing the clean energy transition towards a 100%+ clean energy economy for all. Their impact extends globally through the New Energy Nexus brand, which includes a diverse network of clean energy incubators and accelerators. This network engages with clean energy entrepreneurs in various countries like Indonesia, Vietnam, Philippines, Thailand, China, and New York State, supporting them at different stages of technical and market readiness. Calcef Innovations' efforts align with their mission to drive positive change in the environment and contribute towards a sustainable future.
This information is meant to be a general summary of Calcef Innovations. 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 2023.
- Investment Income: $227,899
- Program Service Revenue: $465,380
- Gross Receipts: $16,502,184
Assets and Liabilities:
- Total Assets: $11,791,350
- Total Liabilities: $1,060,412
- Net Assets: $10,730,938
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM AND ADVISORY SERVICES
Revenue
$465,380
Organization Details
Founding Year
2007
Principal Officer
Danny Kennedy
Website
www.newenergynexus.comNTEE Category
Code: C35 - Environment
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