Overview
What is Innovation Center For Energy And Transportation?
The Innovation Center for Energy and Transportation (ICET) is a nonprofit organization based in Los Angeles, California. Their primary mission is to promote clean energy and sustainable transportation worldwide to combat climate change. Specifically, they focus on developing transportation electrification roadmaps, researching vehicle fuel consumption standards and policies, and promoting zero-emission vehicle ideas globally. This work aims to increase electric vehicle sales and reduce greenhouse gas emissions. With a staff of just two individuals, ICET plays a crucial role in shaping transportation policies and fostering the adoption of clean energy solutions on a global scale.
Official website here: www.icet-usa.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Innovation Center For Energy And Transportation has received an 83% rating, indicating a solid performance in accountability and finance. The organization excels in board independence and composition, with a fully independent board and no material diversion of assets, showcasing strong governance practices.
However, there are notable limitations in their policies and transparency. The absence of a whistleblower policy and document retention policy raises concerns about internal accountability. Additionally, the nonprofit has not posted its tax form on its website, which may hinder transparency for stakeholders looking for financial disclosure.
Overall, while the organization demonstrates commendable financial responsibility with a high program expense ratio, addressing the identified gaps would strengthen its accountability framework and improve its overall rating.
This AI summary has been generated from information found on Charity Navigator.
Is Innovation Center For Energy And Transportation legitimate?
Innovation Center For Energy And Transportation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Innovation Center For Energy And Transportation 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: $108,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $54,000
For more financial information, click here
Official website here: www.icet-usa.org
What is the mission statement of Innovation Center For Energy And Transportation?
The Innovation Center for Energy and Transportation (ICET) is committed to promoting clean energy and sustainable transportation as a means to combat climate change on a global scale. Specifically, it focuses on the development of transportation electrification policies and the promotion of zero emission vehicle ideas to achieve significant increases in electric vehicle sales and reductions in greenhouse gas emissions. This is accomplished through various tasks, including the creation of transportation electrification roadmaps, the establishment of vehicle fuel consumption standards and policies, and research into electric vehicle promotion and policy development.
Official website here: www.icet-usa.org
Who is the CEO of Innovation Center For Energy And Transportation?
Feng An is the Directorpresident of Innovation Center For Energy And Transportation.
Official website here: www.icet-usa.org
What is the revenue of Innovation Center For Energy And Transportation?
Innovation Center For Energy And Transportation's revenue in 2022 was $312,808.
Official website here: www.icet-usa.org
Who are the executives of Innovation Center For Energy And Transportation and what are their salaries?
The average compensation at Innovation Center For Energy And Transportation during 2022 was $81,000. There are 2 employees at Innovation Center For Energy And Transportation.
Here are 8 key members and their salaries:
- Compensation: $108,000
- Related: $0
- Other: $22,550
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.icet-usa.org
Where can I find the form 990 for Innovation Center For Energy And Transportation?
Innovation Center For Energy And Transportation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icet-usa.org
Learn more at the official website: www.icet-usa.org
Mission Statement of Innovation Center For Energy And Transportation
The Innovation Center for Energy and Transportation (ICET) is a pioneering organization committed to combating climate change on a global scale. Its primary mission revolves around promoting clean energy and sustainable transportation to minimize environmental impact.
Specifically, ICET focuses on transportation electrification, advocating for policies and ideas that encourage the use of electric vehicles (EVs) worldwide. By doing so, they aim to significantly increase EV sales and reduce greenhouse gas emissions. Their work encompasses three key areas:
1. Developing transportation electrification roadmaps: ICET works with various entities to create comprehensive plans for transitioning existing transportation systems towards electric vehicles.
2. Establishing vehicle fuel consumption standards and policies: ICET plays a crucial role in setting regulations and guidelines for vehicle fuel consumption, ensuring that they are both environmentally friendly and economically viable.
3. Conducting research and promoting electric vehicle policies: ICET is actively involved in studying the potential of electric vehicles and advocating for policies that encourage their widespread adoption.
By working tirelessly in these areas, ICET strives to create a cleaner, more sustainable future for transportation around the world.
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Impact
June, 2024
The Innovation Center For Energy And Transportation is making a significant impact in promoting clean energy and sustainable transportation to mitigate climate change globally. Through its focus on transportation electrification policies and zero-emission vehicle initiatives, ICET is driving real progress in increasing electric vehicle sales and reducing greenhouse gas emissions. Its specific tasks, such as developing transportation electrification roadmaps, establishing vehicle fuel consumption standards and policies, and conducting research on electric vehicle promotion and policy, contribute to creating a more sustainable future. Located in Los Angeles, California, ICET's mission is aligned with addressing environmental challenges and fostering innovation in the energy and transportation sectors.
This information is meant to be a general summary of Innovation Center For Energy And Transportation. 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: -$50,973
- Gross Receipts: $312,808
Assets and Liabilities:
- Total Assets: $405,746
- Total Liabilities: $163,642
- Net Assets: $242,104
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Organization Details
Founding Year
2008
Principal Officer
Feng An
Main Address
1100 WILSHIRE BOULEVARDV STE 3105, LOS ANGELES, CA, 90017
Website
www.icet-usa.orgNTEE Category
Code: C35 - Environment
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