Overview
What is Sustainable Energy Utility Inc?
Sustainable Energy Utility Inc, also known as Delaware Sustainable Energy Utility, is a nonprofit organization situated in Dover, Delaware. With a team of ten dedicated employees, they are committed to offering Delawareans a range of renewable and energy-efficient programs, aiming to help reduce their carbon footprint. Their mission extends beyond just renewable energy, as they serve the sustainable energy needs of all Delaware energy consumers, utilizing all fuels. This versatile approach allows them to cater to the energy demands of the state in a comprehensive and sustainable manner.
Official website here: www.energizedelaware.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 96%, Four-Star out of Four Star rating.
Sustainable Energy Utility Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial management. The organization scored 100% on various financial indicators, emphasizing that it maintains a high level of transparency and efficiency in its operations. Notably, it has an independent board and excellent oversight mechanisms, ensuring that it adheres to best practices in governance.
The organization demonstrates a remarkable program expense ratio of 95.41%, indicating that a significant majority of its resources directly support its mission. Additionally, it has robust policies in place, such as a conflict of interest policy and a whistleblower policy, which further enhance its credibility and integrity as a nonprofit.
While the data does not highlight any specific areas for improvement, the organization's strong financial health and governance practices position it as a reliable entity in the nonprofit sector. Overall, Sustainable Energy Utility Inc exemplifies effective stewardship of funds and a dedication to sustainable energy initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Sustainable Energy Utility Inc legitimate?
Sustainable Energy Utility Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Sustainable Energy Utility 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: $155,606
Professional Fundraising Fees: $0
Other Salaries and Wages: $611,937
For more financial information, click here
Official website here: www.energizedelaware.org
What is the mission statement of Sustainable Energy Utility Inc?
Sustainable Energy Utility Inc is dedicated to meeting the sustainable energy requirements of all energy consumers in an inclusive manner, utilizing various fuels. Their mission encompasses the provision of renewable and energy-efficient programs designed to help consumers reduce their carbon footprint. Through these initiatives, the organization aims to contribute significantly to the efforts towards energy sustainability. By offering these programs, Sustainable Energy Utility Inc fosters a greener and more sustainable energy landscape for its consumers. Additionally, the company is committed to providing solutions that cater to the diverse energy needs of its consumer base.
Official website here: www.energizedelaware.org
Who is the CEO of Sustainable Energy Utility Inc?
Drew Slater is the Co-Founder/C of Sustainable Energy Utility Inc.
Official website here: www.energizedelaware.org
What is the revenue of Sustainable Energy Utility Inc?
Sustainable Energy Utility Inc's revenue in 2023 was $35,802,665.
Official website here: www.energizedelaware.org
Who are the executives of Sustainable Energy Utility Inc and what are their salaries?
The average compensation at Sustainable Energy Utility Inc during 2023 was $76,754. There are 10 employees and 10 volunteers at Sustainable Energy Utility Inc.
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Official website here: www.energizedelaware.org
Where can I find the form 990 for Sustainable Energy Utility Inc?
Sustainable Energy Utility Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.energizedelaware.org
Learn more at the official website: www.energizedelaware.org
Mission Statement of Sustainable Energy Utility Inc
Sustainable Energy Utility Inc, a dedicated organization, is on a mission to cater to the sustainable energy requirements of all Delaware energy consumers, irrespective of the fuel source. The primary objective of this forward-thinking entity is to provide energy solutions that are sustainable and eco-friendly, ensuring a reduced carbon footprint for the consumers it serves.
Sustainable Energy Utility Inc goes above and beyond to offer a range of renewable and energy-efficient programs. These initiatives aim to empower Delawareans to adopt sustainable practices and make a positive impact on the environment. By providing innovative energy solutions, the utility company encourages its consumers to make responsible energy choices and contribute to a greener future.
The mission of Sustainable Energy Utility Inc is a testament to its commitment to a cleaner, more sustainable energy landscape. The organization's unwavering dedication to this cause is evident in its tireless efforts to create and implement programs that cater to the diverse energy needs of Delaware residents. Through its initiatives, Sustainable Energy Utility Inc is making a significant difference in the lives of its consumers, enabling them to reduce their carbon footprint and contribute to a greener, more sustainable future.
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Impact
August, 2024
Sustainable Energy Utility Inc is making a significant impact by serving the sustainable energy needs of all Delaware energy consumers using all fuels. They offer renewable and energy-efficient programs that help Delawareans reduce their carbon footprint. This organization based in Dover, DE, is actively contributing to promoting a cleaner and more sustainable environment in the state.
This information is meant to be a general summary of Sustainable Energy Utility 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 2023.
- Investment Income: $1,916,195
- Program Service Revenue: $9,666,071
- Gross Receipts: $35,802,665
Assets and Liabilities:
- Total Assets: $148,322,996
- Total Liabilities: $63,473,141
- Net Assets: $84,849,855
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$9,666,071
Organization Details
Founding Year
2008
Phone
(302) 883-3038Principal Officer
Drew Slater
Main Address
500 W LOOCKERMAN ST STE 400, DOVER, DE, 19904
Website
www.energizedelaware.orgNTEE Category
Code: C35 - Environment
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