Overview
What is Bioenergy Deployment Consortium Inc?
Bioenergy Deployment Consortium Inc is a unique nonprofit organization dedicated to promoting and facilitating the deployment of commercially viable, advanced biofuel and biochemical technologies. Based in Middleton, Wisconsin, their mission is to optimize total system energy efficiency by promoting technologies that do not rely on long-term subsidies. They conduct due diligence to provide trustworthy information and advocate for promising technologies in a variety of ways, such as brokering partnerships, facilitating meetings with government agencies, and assisting in the acquisition of government funding. BDC's activities include organizing two symposiums per year, offering members the opportunity to hear timely updates and network, and arranging tours of cutting-edge bio-processes. They strive to build industry readiness for the bio-economy through education and partnership brokering. With a global reach, BDC continues to grow as a national organization, serving as a key player in the advancement of sustainable energy technologies.
Official website here: www.bioenergydc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement
Bioenergy Deployment Consortium Inc has received a two-star rating from Charity Navigator, indicating significant areas needing improvement. The overall score of 63% reflects a lack of independent board members, which raises concerns about governance and oversight. While the organization has some positive attributes, such as a high program expense ratio of 78.65%, indicating that a substantial portion of funds is directed towards its mission, the absence of independent oversight is a critical weakness.
The nonprofit has established policies in certain areas, such as conflict of interest, but is lacking essential governance policies, including a whistleblower policy and a document retention policy. Additionally, the nonprofit does not post its tax forms on its website, which could limit transparency for potential donors and stakeholders.
Despite having no material diversion of assets and a solid liabilities to assets ratio of 0.00%, the overall accountability and financial transparency of the organization are areas that require significant improvement. Strengthening governance practices and enhancing transparency could help the organization build trust and improve its rating in the future.
This AI summary has been generated from information found on Charity Navigator.
Is Bioenergy Deployment Consortium Inc legitimate?
Bioenergy Deployment Consortium Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bioenergy Deployment Consortium 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: $134,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.bioenergydc.org
What is the mission statement of Bioenergy Deployment Consortium Inc?
The Bioenergy Deployment Consortium Inc aims to promote the deployment of commercially viable advanced biofuels and biochemical technologies that do not require long-term subsidy. Their mission extends to optimizing total system energy efficiency and building industry readiness for the bio-economy through education and brokerage of partnerships. The organization is unique in its approach, providing trustworthy information and advocating for promising technologies through various means, such as brokering partnerships, facilitating meetings with government agencies, assisting in the acquisition of government funding, and writing relevant articles in major publications. They offer opportunities for members to network and stay updated through two symposiums per year, combined with a tour of a cutting-edge bio-process. The consortium continues to grow and has members across the globe.
Official website here: www.bioenergydc.org
Who is the CEO of Bioenergy Deployment Consortium Inc?
Masood Akhtar is the President of Bioenergy Deployment Consortium Inc.
Official website here: www.bioenergydc.org
What is the revenue of Bioenergy Deployment Consortium Inc?
Bioenergy Deployment Consortium Inc's revenue in 2021 was $93,380.
Official website here: www.bioenergydc.org
Who are the executives of Bioenergy Deployment Consortium Inc and what are their salaries?
There 4 volunteers at Bioenergy Deployment Consortium Inc.
Here are 4 key members and their salaries:
- Compensation: $33,000
- Related: $0
- Other: $0
- Compensation: $33,000
- Related: $0
- Other: $0
- Compensation: $33,000
- Related: $0
- Other: $0
- Compensation: $35,000
- Related: $0
- Other: $0
Official website here: www.bioenergydc.org
Where can I find the form 990 for Bioenergy Deployment Consortium Inc?
Bioenergy Deployment Consortium Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.bioenergydc.org
Learn more at the official website: www.bioenergydc.org
Mission Statement of Bioenergy Deployment Consortium Inc
Bioenergy Deployment Consortium Inc, a unique organization in its field, is dedicated to promoting the deployment of commercially viable advanced biofuels and biochemical technologies. This consortium aims to optimize total system energy efficiency and does not advocate for technologies that require long-term subsidies.
In addition to promoting deployment, the consortium also builds industry readiness for the bio-economy through education and brokerage of partnerships. The organization conducts its own due diligence to provide trustworthy information and advocates for promising technologies in various ways, such as brokering partnerships, facilitating meetings with government agencies, and assisting in the acquisition of government funding for existing and new technologies.
The Bioenergy Deployment Consortium Inc also provides opportunities for its members to network and stay updated by hosting two symposiums per year, combined with a tour of a cutting-edge bio-process. As the organization continues to grow, it remains a national entity with international members spread across the globe.
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Impact
June, 2024
The impact of Bioenergy Deployment Consortium Inc is in promoting the deployment of commercially viable advanced biofuels and biochemical technologies that do not require long-term subsidy. They work towards optimizing total system energy efficiency and building industry readiness for the bio-economy through education and brokering partnerships. Their unique approach, providing trustworthy information and advocating for promising technologies, sets them apart as a crucial organization in advancing sustainable energy solutions.
This information is meant to be a general summary of Bioenergy Deployment Consortium 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 2021.
- Investment Income: $2,000
- Gross Receipts: $93,380
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
2010
Phone
(608) 332-0191Principal Officer
Masood Akhtar
Main Address
623 BEAR CLAW WAY, MIDDLETON, WI, 53562
Website
www.bioenergydc.orgNTEE Category
Code: C60 - Environment
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