Overview
What is Local Energy Alliance Program?
The Local Energy Alliance Program (LEAP) is a Virginia-based nonprofit organization, situated in Charlottesville. Its mission is to promote and implement clean energy technologies and services, aiming to achieve cost savings, local economic development, and climate change mitigation. The organization offers walk-through and comprehensive energy audits, general consulting, and direct install services like high-efficiency light bulbs, low-flow aerators, and hot water pipe wrap to both residential and non-residential clients. LEAP's services are supported by utility rebates, such as the Dominion Home Energy Check-up or the Charlottesville Gas Savings Program, and grant funds from the City of Charlottesville, which also supports residential and commercial audits, outreach, and various initiatives in the city. Furthermore, LEAP offers Interest Rate Buy Down Programs for residential and commercial investments in energy efficiency improvements and on-site renewables, with funds granted by the City of Charlottesville. Ultimately, LEAP's work in implementing energy-efficient technologies in buildings aims to provide energy and cost savings, economic stimulus, and local job creation.
Official website here: www.leap-va.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85% (Three-Star out of Four Star rating)
The Local Energy Alliance Program (LEAP) has achieved an 85% score on Charity Navigator, indicating a solid performance in accountability and finance. The rating reflects a strong commitment to transparency and governance, with an independent board composed entirely of members who do not have conflicts of interest. This level of independence is supported by comprehensive financial oversight practices, including an audit and oversight committee.
Financially, LEAP demonstrates a responsible allocation of resources, with 83.70% of expenses directed towards programs. However, there are some concerns regarding the liabilities to assets ratio, which stands at 65.14%, suggesting a moderate level of financial risk. This ratio is an important indicator of the organization’s long-term financial health and sustainability.
Overall, LEAP's adherence to best practices in governance, combined with a high percentage of program spending, underscores its dedication to fulfilling its mission effectively. Nevertheless, potential donors and stakeholders may want to monitor the organization's financial ratios to ensure ongoing stability.
This AI summary has been generated from information found on Charity Navigator.
Is Local Energy Alliance Program legitimate?
Local Energy Alliance Program is a legitimate nonprofit organization registered as a 501(c)(3) entity. Local Energy Alliance Program 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $733,020
For more financial information, click here
Official website here: www.leap-va.org
What is the mission statement of Local Energy Alliance Program?
The Local Energy Alliance Program (LEAP) aims to promote and implement clean energy technologies and services to achieve cost savings, local economic development, and climate change mitigation. Their mission specifically focuses on implementing energy-efficient technologies in buildings for energy and cost savings, as well as stimulating local job creation. The organization offers energy efficiency programs such as walk-through and comprehensive energy audits, general consulting, and direct install services for residential and non-residential clients. In certain cases, these audits can include installing high-efficiency light bulbs, low-flow aerators, and hot water pipe wrap, when supported by utility rebates. In selected cities, LEAP also offers interest rate buy-down programs for residential and commercial investments in efficiency improvements and on-site renewables.
Official website here: www.leap-va.org
Who is the CEO of Local Energy Alliance Program?
Ann Mallek is the Policy Chair of Local Energy Alliance Program.
Official website here: www.leap-va.org
What is the revenue of Local Energy Alliance Program?
Local Energy Alliance Program's revenue in 2022 was $2,341,672.
Official website here: www.leap-va.org
Who are the executives of Local Energy Alliance Program and what are their salaries?
The average compensation at Local Energy Alliance Program during 2022 was $28,193. There are 26 employees and 14 volunteers at Local Energy Alliance Program.
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Official website here: www.leap-va.org
Where can I find the form 990 for Local Energy Alliance Program?
Local Energy Alliance Program's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.leap-va.org
Learn more at the official website: www.leap-va.org
Mission Statement of Local Energy Alliance Program
The Local Energy Alliance Program (LEAP) is a nonprofit organization dedicated to promoting and implementing clean energy technologies and services with the aim of achieving cost savings, local economic development, and climate change mitigation. At its core, LEAP's mission is to implement energy-efficient technologies in buildings, fostering energy and cost savings, and stimulating local job creation.
By offering walk-through and comprehensive energy audits, LEAP provides general consulting services to both residential and non-residential clients. When supported by utility rebates, these audits may include "direct install" services such as high-efficiency light bulbs, low-flow aerators, and hot water pipe wrap, enhancing the energy efficiency of buildings. In addition, LEAP offers interest rate buy-down programs for residential and commercial investments in efficiency improvements and on-site renewables, thereby incentivizing sustainable energy practices.
The City of Charlottesville supports LEAP's efforts in various ways. Commercial audits, commercial outreach, residential audits, and residential outreach in the city are backed by grant funds from the City of Charlottesville. Furthermore, LEAP offers grant-funded programs for residential and commercial clients seeking to invest in energy efficiency improvements and on-site renewables, with the funds originating from the City of Charlottesville. These initiatives demonstrate LEAP's commitment to creating a more sustainable future through energy-efficient solutions.
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Impact
June, 2024
Local Energy Alliance Program's impact can be seen through the promotion and implementation of clean energy technologies and services in Virginia. By offering energy efficiency programs and audits to both residential and non-residential clients, LEAP helps individuals and businesses achieve cost savings, local economic development, and climate change mitigation. In partnership with utility rebates and grant funds from the City of Charlottesville, LEAP is able to provide direct install services, outreach programs, interest rate buy-down programs, and support investments in efficiency improvements and on-site renewables. Through these initiatives, LEAP contributes to creating a more sustainable environment, stimulating the local economy, and creating job opportunities in the community.
This information is meant to be a general summary of Local Energy Alliance Program. 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: $11,164
- Program Service Revenue: $1,991,068
- Gross Receipts: $2,358,544
Assets and Liabilities:
- Total Assets: $502,701
- Total Liabilities: $360,326
- Net Assets: $142,375
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENERGY UTILITIES REVENUE (ESW
Revenue
$1,449,131
SOLARIZATION PROJECT
Revenue
$467,786
HOME ENERGY AUDIT/REVIEW
Revenue
$23,700
FEES FOR SERVICES-UTILITIES
Revenue
$22,604
DHECU DOMINION REBATE
Revenue
$15,743
Organization Details
Founding Year
2009
Principal Officer
Ann Mallek
Main Address
608 RIDGE ST, CHARLOTTESVILLE, VA, 22902
Website
www.leap-va.orgNTEE Category
Code: C35 - Environment
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