Overview
What is Power Environmental Energy Research Institute?
The Power Environmental Energy Research Institute, also known as PEER Institute, is a California-based nonprofit organization situated in Covina. With a staff of 13, PEER Institute is committed to fostering collaboration between academia, industry, and various stakeholders, such as governmental agencies, venture capitals, and private equities. Their primary mission is to bridge the gap between research and commercialization in the fields of energy and environment. To achieve this, PEER Institute stays updated with the latest advancements in related disciplines, considers societal and market needs, and works closely with these partners to incubate technologies with commercial potential. The institute's efforts are focused on fundamental scientific research in battery technology and geochemistry, as well as enhanced oil recovery.
Official website here: www.peeri.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Zero-Star out of Four Star rating
The Power Environmental Energy Research Institute has received a zero-star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial transparency. The organization's overall score stands at 47%, which reflects poor performance in several key areas, including a lack of financial statements and missing policies that ensure proper governance and ethical conduct.
One of the strengths noted is that the organization maintains a majority of independent board members, which can provide a level of oversight. However, this is overshadowed by the presence of only two independent board members and a high liabilities-to-assets ratio of 163%. While the program expense ratio is commendable at nearly 76%, the absence of critical financial documentation and policies raises red flags about the organization's operational integrity.
Overall, the lack of essential governance documents such as a conflict of interest policy and a whistleblower policy, along with missing tax form postings on its website, points to significant deficiencies in how the organization is run. These issues highlight the need for improvement in financial management and transparency, which are crucial for building trust with donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Power Environmental Energy Research Institute legitimate?
Power Environmental Energy Research Institute is a legitimate nonprofit organization registered as a 501(c)(3) entity. Power Environmental Energy Research Institute 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: $33,749
Professional Fundraising Fees: $0
Other Salaries and Wages: $435,921
For more financial information, click here
Official website here: www.peeri.org
What is the mission statement of Power Environmental Energy Research Institute?
The Power Environmental Energy Research Institute (PEER) is committed to bridging the gap between academic research and technology commercialization. Specifically, PEER strives to stay updated with the latest advancements and breakthroughs in energy and environmental disciplines. They also focus on understanding societal and market needs for various issues within these fields. To achieve their goals, PEER engages in close collaborations with a variety of stakeholders, including governmental agencies, venture capitalists, and private equities, to nurture and incubate technologies that have commercialization potential.
Official website here: www.peeri.org
Who is the CEO of Power Environmental Energy Research Institute?
Yongchun Tang is the Director of Power Environmental Energy Research Institute.
Official website here: www.peeri.org
What is the revenue of Power Environmental Energy Research Institute?
Power Environmental Energy Research Institute's revenue in 2021 was $809,842.
Official website here: www.peeri.org
Who are the executives of Power Environmental Energy Research Institute and what are their salaries?
The average compensation at Power Environmental Energy Research Institute during 2021 was $36,128. There are 13 employees at Power Environmental Energy Research Institute.
There is 1 key member and their salary:
- Compensation: $36,000
- Related: $0
- Other: $36,000
Official website here: www.peeri.org
Where can I find the form 990 for Power Environmental Energy Research Institute?
Power Environmental Energy Research Institute's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.peeri.org
Learn more at the official website: www.peeri.org
Mission Statement of Power Environmental Energy Research Institute
The Power Environmental Energy Research Institute, or PEER, is a forward-thinking organization dedicated to linking academic research with technological commercialization. PEER's primary focus is to stay updated with the latest breakthroughs and advancements in energy and environmental disciplines, and to understand the societal and market needs pertaining to various issues within these fields.
In addition, PEER actively engages in collaborations with a diverse range of stakeholders, including governmental agencies, venture capitalists, and private equities, to foster the development and incubation of technologies with commercial potential. By doing so, PEER aims to bridge the gap between academia and industry, making groundbreaking research more accessible to the wider world.
Throughout its mission, PEER strives to facilitate the commercialization of innovative technologies, ultimately driving progress in the energy and environmental sectors. This commitment to collaboration and innovation positions PEER as a vital player in the field, working tirelessly to bridge the divide between research and real-world application.
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Impact
June, 2024
Power Environmental Energy Research Institute is dedicated to bridging the gap between academic research and technology commercialization. By focusing on fundamental scientific research in areas such as battery technology, geochemistry, and enhanced oil recovery, PEER plays a crucial role in advancing innovative solutions for the energy and environment sectors.
Through its mission to stay up-to-date with the latest breakthroughs in related disciplines and to identify societal and market needs, PEER ensures that its research efforts are aligned with real-world challenges and opportunities. By collaborating closely with stakeholders from academia, industry, governmental agencies, venture capitalists, and private equities, PEER facilitates the development and incubation of technologies with significant potential for commercialization.
Overall, Power Environmental Energy Research Institute's impact lies in its commitment to driving innovation, fostering collaboration, and advancing technologies that have the potential to address pressing environmental and energy challenges.
This information is meant to be a general summary of Power Environmental Energy Research Institute. 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 2021.
- Investment Income: $6
- Program Service Revenue: $630,361
- Gross Receipts: $809,842
Assets and Liabilities:
- Total Assets: $474,537
- Total Liabilities: $590,164
- Net Assets: -$115,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Methane conversion
Revenue
$458,077
Battery research
Revenue
$121,985
Geochemistry
Revenue
$25,265
Enhanced oil recovery
Revenue
$25,034
Organization Details
Founding Year
2008
Phone
(626) 858-5077Principal Officer
Yongchun Tang
Main Address
738 Arrow Grand Circle, Covina, CA, 91722
Website
www.peeri.orgNTEE Category
Code: C052 - Environment
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