Overview
What is Clasp?
Clasp, based in Washington, D.C., is a nonprofit organization dedicated to mitigating the climate crisis through data-driven interventions. Their primary focus is on cost-effective solutions, particularly energy-efficient appliances. By promoting these technologies, they save money for governments and consumers, reduce peak energy demand, and enhance economic and energy security. Clasp collaborates with various stakeholders to catalyze markets for energy-efficient technologies and develops policy and market solutions. Their expertise covers technology assessments, energy performance standards, consumer product labeling, and market transformation. Clasp has programs and staff in several countries, including the European Union, the UK, China, India, Indonesia, Kenya, and the United States, with ongoing projects in various other countries.
Official website here: www.clasp.ngo
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Clasp has received a Three-Star rating from Charity Navigator, with an overall score of 80%. This rating highlights the organization's strong performance in accountability and finance, where it scored 78, and its exceptional leadership and adaptability score of 100. The high ratings in areas such as independent board membership and financial oversight demonstrate a solid governance structure that is dedicated to transparency and ethical management.
One of the organization's notable strengths is its commitment to program expenses, with a program expense ratio of 88.97%, indicating that a significant portion of its funds is directed towards mission-related activities. Additionally, Clasp has robust policies in place, including conflict of interest and whistleblower policies, which further bolster its accountability and operational integrity. The organization has also effectively documented its governance processes, ensuring proper oversight and accountability.
Despite its strengths, the overall accountability score of 78 suggests there may be areas for improvement within financial practices or reporting that could enhance its standing further. However, Clasp's leadership investment and adaptability statements indicate a proactive approach to development and responsiveness to changing needs in its operating environment. Overall, Clasp demonstrates a commendable commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
Is Clasp legitimate?
Clasp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clasp 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: $637,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,163,722
For more financial information, click here
Official website here: www.clasp.ngo
What is the mission statement of Clasp?
Clasp is an organization dedicated to enhancing the energy and environmental efficiency of everyday appliances and equipment. They collaborate with global experts and local stakeholders to develop and implement transformative policy and market solutions. Clasp's mission extends beyond its current presence in the European Union, the UK, China, India, Indonesia, Kenya, and the United States, as it also engages in projects in various countries, including Brazil, South Africa, Bangladesh, Pakistan, Rwanda, Tanzania, Ethiopia, Uganda, DRC, Sierra Leone, and Nigeria.
Official website here: www.clasp.ngo
Who is the CEO of Clasp?
Fred Sherman is the Chief Operating Officer of Clasp. The CEO's salary of Clasp is $353,187 and their total compensation is $383,481.
Official website here: www.clasp.ngo
What is the revenue of Clasp?
Clasp's revenue in 2022 was $21,103,602.
Official website here: www.clasp.ngo
Who are the executives of Clasp and what are their salaries?
The average compensation at Clasp during 2022 was $102,159. There are 47 employees and 12 volunteers at Clasp.
Here are 19 key members and their salaries (Clasp's CEO's salary is $353,187 and their total compensation is $383,481):
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- Compensation: $353,187
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- Other: $30,294
- Compensation: $228,909
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- Compensation: $209,945
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- Other: $24,113
- Compensation: $173,474
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- Other: $14,030
Official website here: www.clasp.ngo
Where can I find the form 990 for Clasp?
Clasp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clasp.ngo
Learn more at the official website: www.clasp.ngo
Mission Statement of Clasp
Clasp, a renowned nonprofit organization, is dedicated to enhancing the energy and environmental efficiency of the everyday appliances and equipment we use. By collaborating with global experts and local stakeholders, Clasp develops and disseminates transformative policy and market solutions. The organization's mission is twofold: improving the energy performance of appliances and equipment, and promoting sustainable solutions.
Clasp's extensive reach extends beyond national borders with programs and staff based in the European Union, the UK, China, India, Indonesia, Kenya, and the United States. Additionally, the organization has ongoing projects in various countries including Brazil, South Africa, Bangladesh, Pakistan, Rwanda, Tanzania, Ethiopia, Uganda, DRC, Sierra Leone, and Nigeria. Through these collaborations, Clasp strives to create a global impact on energy and environmental sustainability.
In essence, Clasp plays a vital role in driving innovation and policy change to make the world's appliances and equipment more energy-efficient and environmentally friendly. The organization's mission is to create a sustainable future for all, one appliance at a time. By working with experts and stakeholders, Clasp aims to make a difference in people's lives and contribute to a greener planet.
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Impact
October, 2024
Clasp fosters significant progress in addressing the climate crisis through strategic, data-driven interventions that promote the adoption of energy-efficient technologies. By focusing on super-efficient appliances, Clasp provides a cost-effective solution to mitigate climate impacts while enhancing economic and energy security.
The organization's collaborative approach involves partnerships with governments, industries, and a diverse array of stakeholders to stimulate markets for energy-efficient products. This encompasses conducting technology and market assessments, developing energy performance standards, implementing consumer product labeling, and ensuring policy compliance and enforcement.
The impact of these efforts can be seen in various ways. Energy-efficient appliances not only reduce peak energy demand but also translate into substantial cost savings for both governments and consumers. By improving the energy and environmental performance of everyday appliances and equipment, Clasp contributes to a more sustainable future. Its global presence—active in regions such as the European Union, China, India, and across Africa—ensures the spread of transformative policy and market solutions tailored to local contexts.
Through these multifaceted initiatives, Clasp is playing a vital role in catalyzing a shift towards more sustainable energy practices, ultimately driving a wider adoption of technologies that are essential for combating climate change.
This information is meant to be a general summary of Clasp. 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: $42,103
- Program Service Revenue: $789,706
- Gross Receipts: $21,103,602
Assets and Liabilities:
- Total Assets: $22,730,125
- Total Liabilities: $19,487,782
- Net Assets: $3,242,343
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONTRACTS
Revenue
$789,706
Organization Details
Founding Year
2005
Phone
(202) 750-5600Principal Officer
Fred Sherman
Main Address
1401 K STREET NW 1100, WASHINGTON, DC, 20005
Website
www.clasp.ngoNTEE Category
Code: C35 - Environment
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