Overview
What is Foundation For Renewable Energy And The Environment?
The Foundation for Renewable Energy and the Environment (FREE) is a non-profit, international educational and advisory organization based in Newark, Delaware. Established with a vision for a sustainable future, FREE promotes energy, water, and materials conservation, renewable energy use, environmental resilience, and sustainable livelihoods. As an educational organization, FREE aims to share knowledge and ideas on renewable energy sources, technologies, models, practices, and policies that not only preserve the natural environment but also lead to productive and equitable economies and communities. With a dedicated team of two individuals, FREE works tirelessly to promote a better future for all.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: One-Star out of Four Stars (50%)
The Foundation For Renewable Energy And The Environment has received a low rating of 50%, indicating significant concerns regarding its accountability and financial practices. The organization has no independent board members, which raises questions about oversight and governance, and there are multiple missing policies, including conflict of interest and whistleblower policies. This lack of transparency is a notable weakness in the organization's operations.
Despite its governance challenges, the foundation demonstrates a strong commitment to its mission through a high program expense ratio of 88.59%. This suggests that the majority of its funds are directed toward programmatic activities rather than administrative costs. Additionally, there are no reported issues of asset diversion, which is a positive indicator of financial integrity.
However, the absence of required policies and documentation, such as meeting minutes and tax forms on its website, highlights serious deficiencies in compliance and transparency. These factors contribute to its low rating and could deter potential donors who prioritize accountability and clear governance in their charitable contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Renewable Energy And The Environment legitimate?
Foundation For Renewable Energy And The Environment is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Renewable Energy And The Environment 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: $134,270
For more financial information, click here
What is the mission statement of Foundation For Renewable Energy And The Environment?
The Foundation for Renewable Energy and the Environment (FREE) is a nonprofit international organization dedicated to fostering a better future centered on energy, water, and materials conservation, renewable energy use, environmental resilience, and sustainable livelihoods. Its mission is to promote and advance the design, development, implementation, and utilization of renewable, sustainable, and alternative energy sources, technologies, ideas, models, practices, and policies aimed at preserving and protecting the natural environment while leading to productive and equitable economies and communities.
Who is the CEO of Foundation For Renewable Energy And The Environment?
Dr John Byrne is the President of Foundation For Renewable Energy And The Environment.
What is the revenue of Foundation For Renewable Energy And The Environment?
Foundation For Renewable Energy And The Environment's revenue in 2022 was $645,170.
Who are the executives of Foundation For Renewable Energy And The Environment and what are their salaries?
The average compensation at Foundation For Renewable Energy And The Environment during 2022 was $67,135. There are 2 employees at Foundation For Renewable Energy And The Environment.
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Where can I find the form 990 for Foundation For Renewable Energy And The Environment?
Foundation For Renewable Energy And The Environment's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Foundation For Renewable Energy And The Environment
The Foundation for Renewable Energy and the Environment (Free) is a nonprofit, international educational and advisory environmental organization, dedicated to advocating for a better future. Established with a mission to promote energy, water, and materials conservation, renewable energy use, environmental resilience, and sustainable livelihoods, Free seeks to create a world that harmonizes the need for development with the preservation of the natural environment.
In pursuit of this mission, Free actively works towards the design, development, implementation, and utilization of renewable, sustainable, and alternative energy sources, technologies, ideas, models, practices, and policies. The organization's primary objective is to preserve and protect the natural environment while simultaneously leading to sustainable, productive, and equitable economies and communities. Free's work encompasses a broad spectrum, from research and development to advocacy and policy-making, all aimed at fostering a more sustainable future for generations to come.
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Impact
June, 2024
Foundation For Renewable Energy And The Environment's impact lies in promoting and advancing the design, development, implementation, and utilization of renewable, sustainable, and alternative energy sources, technologies, ideas, models, practices, and policies. By focusing on energy, water, and materials conservation, as well as environmental resilience and sustainable livelihoods, the organization contributes to a better future. Their efforts are designed to preserve and protect the natural environment while fostering sustainable, productive, and equitable economies and communities.
This information is meant to be a general summary of Foundation For Renewable Energy And The Environment. 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.
- Program Service Revenue: $285,675
- Gross Receipts: $645,170
Assets and Liabilities:
- Total Assets: $699,053
- Total Liabilities: $208
- Net Assets: $698,845
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Advisory services
Revenue
$71,000
In-kind donation (service
Revenue
$214,675
Organization Details
Founding Year
2011
Phone
(212) 705-8758Principal Officer
Dr John Byrne
Main Address
40 East Main Street 146, Newark, DE, 19711
NTEE Category
Code: C35 - Environment
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