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New York City Energy Efficiency Corporation

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273731338 ✦ New york, NY ✦ Designated as a 501(c)(3)

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Overview

What is New York City Energy Efficiency Corporation?

The New York City Energy Efficiency Corporation, situated at 1359 Broadway, 19th Floor, New York, NY 10018, is a nonprofit organization dedicated to promoting energy efficiency and clean energy in buildings. Their mission encompasses innovative financing solutions to advance these markets, working tirelessly to deliver clean energy financing for buildings. With a team of 16 dedicated professionals, their primary objective is to drive innovation and provide finance for energy-efficient and clean energy projects in the built environment. The organization's work is instrumental in improving energy efficiency and promoting sustainable practices within the city's buildings.


Official website here: www.nyceec.com

What are the reviews and ratings of this charity?

Charity Navigator Rating 94% - Four-Star out of Four Star rating

The New York City Energy Efficiency Corporation has received a commendable Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. With a high score of 96 in Accountability & Finance and a Program Expense Ratio of 84.76%, the organization demonstrates effective management of its resources towards its mission. The charity has a fully independent board comprised of 11 members, highlighting its commitment to governance and oversight.

In terms of financial practices, the organization scored a perfect 15 out of 15 for its audit and oversight committee, indicating thorough financial management and transparency. Additionally, it maintains robust policies, including conflict of interest and whistleblower protections. Such measures are essential for fostering trust and integrity within the nonprofit sector.

While the culture and community score of 77 is lower than its financial metrics, it still suggests a solid foundation for engagement and community involvement. Overall, the New York City Energy Efficiency Corporation showcases a strong commitment to its mission with responsible governance and effective use of funds, although there may be room for improvement in community outreach initiatives.


This AI summary has been generated from information found on Charity Navigator.

Is New York City Energy Efficiency Corporation legitimate?

New York City Energy Efficiency Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. New York City Energy Efficiency Corporation 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: $629,882
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,213,499

For more financial information, click here


Official website here: www.nyceec.com

What is the mission statement of New York City Energy Efficiency Corporation?

The New York City Energy Efficiency Corporation's mission is centered around innovating and delivering clean energy financing solutions for buildings. Specifically, their goal is to advance markets for energy efficiency and clean energy by providing financing solutions within the building sector. In essence, they strive to facilitate the transition towards sustainable and energy-efficient buildings.


Official website here: www.nyceec.com

Who is the CEO of New York City Energy Efficiency Corporation?

Curtis Probst is the Board Member of New York City Energy Efficiency Corporation. The CEO's salary of New York City Energy Efficiency Corporation is $194,870 and their total compensation is $205,268.


Official website here: www.nyceec.com

What is the revenue of New York City Energy Efficiency Corporation?

New York City Energy Efficiency Corporation's revenue in 2022 was $4,616,791.


Official website here: www.nyceec.com

Who are the executives of New York City Energy Efficiency Corporation and what are their salaries?

The average compensation at New York City Energy Efficiency Corporation during 2022 was $115,211. There are 16 employees and 13 volunteers at New York City Energy Efficiency Corporation.


Here are 22 key members and their salaries (New York City Energy Efficiency Corporation's CEO's salary is $194,870 and their total compensation is $205,268):


Ashok Gupta (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Furnas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Schlein (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Elizabeth Zeldin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Gregory Hale (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeffrey I Brodsky (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Rice (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimberly Darga (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marc Khouzami (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Chambers (Board Member (Outgoing))
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Zuluaga (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Renwick Paige (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sadie Mckeown (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Leeds (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Curtis Probst (Ceo, President)
  • Compensation: $210,911
  • Related: $0
  • Other: $66,234
Frederick H Lee (Co-Ceo, Co-President (Outgoing))
  • Compensation: $194,870
  • Related: $0
  • Other: $10,398
Jay Merves (Dir. Of Business Dev., Treasurer)
  • Compensation: $214,865
  • Related: $0
  • Other: $65,230
Erangi Dias (Dir. Of Business Dev.)
  • Compensation: $165,848
  • Related: $0
  • Other: $6,389
Michael Kerstetter (General Counsel/Director Of Legal)
  • Compensation: $161,033
  • Related: $0
  • Other: $8,734
Naeemah E Lajoie (Director Of Operations)
  • Compensation: $158,190
  • Related: $0
  • Other: $48,624
Patrick O'Donnell (Director Of Engineering)
  • Compensation: $152,336
  • Related: $0
  • Other: $18,230
Jessica Luk (Director Of Development (Outgoing))
  • Compensation: $135,982
  • Related: $0
  • Other: $5,435


Official website here: www.nyceec.com

Where can I find the form 990 for New York City Energy Efficiency Corporation?

New York City Energy Efficiency Corporation's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.nyceec.com

Learn more at the official website: www.nyceec.com

Mission Statement of New York City Energy Efficiency Corporation

The New York City Energy Efficiency Corporation, abbreviated as NYCEEC, is dedicated to pioneering and offering financing solutions for energy efficiency and clean energy in buildings. With a focus on innovation, NYCEEC aims to deliver financing options that propel markets for energy efficiency and clean energy in the building sector. By providing these financing solutions, NYCEEC strives to create a more sustainable energy landscape, contributing to a greener future for all.

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Impact




June, 2024

The New York City Energy Efficiency Corporation (NYCEEC) has made a significant impact in advancing energy efficiency and clean energy solutions in buildings. By delivering innovative financing options, NYCEEC has helped improve the energy efficiency of buildings in New York City. Their efforts have not only reduced carbon emissions and energy consumption but have also led to cost savings for building owners and operators. NYCEEC's work plays a crucial role in promoting sustainability and environmental protection in urban areas, contributing to a greener and more efficient future for the city.




This information is meant to be a general summary of New York City Energy Efficiency Corporation. 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.

Revenue
$4,616,791 (2022)
Expenses
$7,533,767 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,560
  • Program Service Revenue: $1,927,729
  • Gross Receipts: $4,616,791

Assets and Liabilities:

  • Total Assets: $46,600,021
  • Total Liabilities: $16,327,057
  • Net Assets: $30,272,964

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

PROGRAM INTEREST

Revenue

$1,571,471

FEE INCOME

Revenue

$356,258

Organization Details

Founding Year

2010

Principal Officer

Curtis Probst

Main Address

1359 BROADWAY 19TH FLOOR, NEW YORK, NY, 10018

NTEE Category

Code: C35 - Environment

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