Overview
What is Center For Sustainable Energy?
The Center for Sustainable Energy is a dedicated nonprofit organization focused on decarbonizing the energy sector. In collaboration with Tesla and Olivine, they successfully bid five behind-the-meter energy storage systems into California's wholesale energy market. In a significant achievement, they were granted up to $250 million to expand the California Electric Vehicle Infrastructure Project (CALeVIP), currently the most extensive EV charger incentive program in the state. The organization's mission is to make a substantial impact on reducing carbon emissions.
Official website here: www.energycenter.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 81%, Three-Star out of Four Star rating.
The Center for Sustainable Energy holds an 81% rating, reflecting a strong commitment to accountability and financial management. The organization excels in areas such as maintaining a fully independent board and having robust oversight mechanisms in place, including an audit committee. Their high program expense ratio of 95.03% indicates that the vast majority of their funding directly supports their mission.
Despite these strengths, the organization received a lower score in the liabilities to assets ratio (0 out of 15 points), which may suggest potential financial risks or challenges. While this does not overshadow their positive attributes, it is a noteworthy aspect for potential donors to consider. Overall, the Center for Sustainable Energy demonstrates a solid operational structure, but ongoing financial monitoring may be prudent.
This AI summary has been generated from information found on Charity Navigator.
Is Center For Sustainable Energy legitimate?
Center For Sustainable Energy is a legitimate nonprofit organization registered as a 501(c)(3) entity. Center For Sustainable Energy 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: $644,277
Professional Fundraising Fees: $0
Other Salaries and Wages: $17,847,260
For more financial information, click here
Official website here: www.energycenter.org
What is the mission statement of Center For Sustainable Energy?
The Center for Sustainable Energy is dedicated to the mission of decarbonizing the energy sector. The organization has taken steps towards achieving this goal by collaborating with Tesla and Olivine to showcase the integration of five behind-the-meter energy storage systems into California's wholesale energy market. In recognition of its efforts, the Center was awarded a substantial $250 million block grant to expand the California Electric Vehicle Infrastructure Project (CALeVIP), making it the largest EV charger incentive program in the state. Through these initiatives, the Center for Sustainable Energy is leading the charge towards a more sustainable and carbon-neutral energy future.
Official website here: www.energycenter.org
Who is the CEO of Center For Sustainable Energy?
Lawrence E Goldenhersh is the President of Center For Sustainable Energy.
Official website here: www.energycenter.org
What is the revenue of Center For Sustainable Energy?
Center For Sustainable Energy's revenue in 2022 was $274,170,879.
Official website here: www.energycenter.org
Who are the executives of Center For Sustainable Energy and what are their salaries?
The average compensation at Center For Sustainable Energy during 2022 was $57,427. There are 322 employees and 12 volunteers at Center For Sustainable Energy.
Here are 19 key members and their salaries:
- Compensation: $408,213
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- Other: $27,544
- Compensation: $245,008
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- Other: $27,000
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- Other: $30,763
- Compensation: $230,498
- Related: $0
- Other: $20,215
- Compensation: $183,392
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- Other: $25,127
- Compensation: $190,698
- Related: $0
- Other: $7,772
- Compensation: $193,336
- Related: $0
- Other: $258
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Official website here: www.energycenter.org
Where can I find the form 990 for Center For Sustainable Energy?
Center For Sustainable Energy's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energycenter.org
Learn more at the official website: www.energycenter.org
Mission Statement of Center For Sustainable Energy
The Center for Sustainable Energy, a leading nonprofit organization, is on a mission to decarbonize the energy sector. With a vision to make a significant impact on the environment, the Center has been actively working towards this goal. Through partnerships with industry leaders like Tesla and Olivine, it has successfully demonstrated the capability to integrate five behind-the-meter energy storage systems into California's wholesale energy market.
In recognition of its efforts, the organization was awarded a substantial grant of up to $250 million in December 2021. This funding boost comes in the form of a block grant, expanding the California Electric Vehicle Infrastructure Project (CALeVIP), which currently stands as the largest EV charger incentive program in the state. The Center for Sustainable Energy's mission to decarbonize is gaining momentum, with its initiatives aimed at promoting the adoption of electric vehicles and upgrading the grid infrastructure for more efficient energy storage and distribution. By focusing on these areas, the Center is paving the way for a cleaner, more sustainable energy future.
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Impact
October, 2024
The Center for Sustainable Energy has made significant strides in advancing decarbonization efforts. Through strategic partnerships, such as the collaboration with Tesla and Olivine, it has successfully demonstrated the capability to integrate behind-the-meter energy storage systems into California's wholesale energy market. This innovative approach enhances energy resilience and contributes to a cleaner energy grid.
In 2021, the Center was awarded a substantial block grant of up to $250 million to expand the California Electric Vehicle Infrastructure Project (CALeVIP). This initiative represents the largest EV charger incentive program in California, aimed at accelerating the adoption of electric vehicles (EVs) across the state. By increasing the availability of EV chargers, the Center promotes sustainable transportation and helps to reduce greenhouse gas emissions.
Overall, the Center for Sustainable Energy is having a profound impact on both energy infrastructure and environmental sustainability in California, driving initiatives that foster a cleaner, decarbonized future.
This information is meant to be a general summary of Center For Sustainable Energy. 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: $274,111,488
- Gross Receipts: $274,170,879
Assets and Liabilities:
- Total Assets: $98,654,953
- Total Liabilities: $87,473,047
- Net Assets: $11,181,906
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REBATES FUNDED
Revenue
$234,933,029
SERVICE REVENUE
Revenue
$39,178,459
Organization Details
Founding Year
2000
Phone
(858) 244-1177Principal Officer
Lawrence E Goldenhersh
Main Address
3980 SHERMAN ST 170, SAN DIEGO, CA, 92110
Website
www.energycenter.orgNTEE Category
Code: C350 - Environment
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