Overview
What is New Energy Foundation Inc?
New Energy Foundation Inc is a nonprofit organization based in Concord, New Hampshire. With a single employee, its primary focus is on promoting and advancing the research and development of new sources of energy. The foundation achieves this goal through the publishing of 'New Energy' magazine and books, serving as a platform to educate the public about these innovative energy sources.
Official website here: www.infinite-energy.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating
New Energy Foundation Inc has achieved a remarkable score of 97%, benefiting from a Four-Star rating. This rating signifies a strong commitment to accountability and financial health, indicating that the organization is managing its financial resources effectively. The overall score is exclusively based on their performance in the Accountability & Finance beacon, showcasing their dedication to transparency and responsible governance.
The foundation boasts an entirely independent board, comprising five members, which reflects well on its governance structure. The absence of material diversion of assets coupled with comprehensive policies on conflicts of interest and whistleblower protections further enhances its credibility. They also maintain a solid program expense ratio of 84.54%, indicating that a significant portion of their funding is directed towards their mission-related activities.
Despite its high ratings, potential donors may want to consider that the score is derived solely from financial metrics. While this highlights the organization's financial integrity, it may not provide a complete picture of its overall impact or effectiveness in achieving its mission. Nonetheless, the foundation's strong governance practices and financial management present it as a trustworthy option for supporters.
This AI summary has been generated from information found on Charity Navigator.
Is New Energy Foundation Inc legitimate?
New Energy Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Energy Foundation 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: $33,750
Professional Fundraising Fees: $0
Other Salaries and Wages: $560
For more financial information, click here
Official website here: www.infinite-energy.com
What is the mission statement of New Energy Foundation Inc?
The New Energy Foundation Inc's mission is centered around promoting the exploration and advancement of new energy sources. They achieve this through various means, including the publication of their magazine, 'New Energy', and books, serving to educate the public and stimulate interest in these innovative energy sources. The organization's primary goal is to contribute to the development of sustainable and environmentally friendly energy solutions for the future.
Official website here: www.infinite-energy.com
Who is the CEO of New Energy Foundation Inc?
Christy Frazier is the Principal Officer of New Energy Foundation Inc.
Official website here: www.infinite-energy.com
What is the revenue of New Energy Foundation Inc?
New Energy Foundation Inc's revenue in 2022 was $493,058.
Official website here: www.infinite-energy.com
Who are the executives of New Energy Foundation Inc and what are their salaries?
The average compensation at New Energy Foundation Inc during 2022 was $34,310. There is 1 employee at New Energy Foundation Inc.
Here are 6 key members and their salaries:
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Official website here: www.infinite-energy.com
Where can I find the form 990 for New Energy Foundation Inc?
New Energy Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.infinite-energy.com
Learn more at the official website: www.infinite-energy.com
Mission Statement of New Energy Foundation Inc
The New Energy Foundation Inc, as its name suggests, is dedicated to promoting the research and development of new sources of energy. This mission is carried out through various means, primarily by publishing 'New Energy' magazine and books. These publications serve to promote and educate the public about the development of new energy sources. By doing so, the foundation aims to contribute to the advancement of energy technology and foster a more sustainable future.
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Impact
July, 2024
New Energy Foundation Inc's impact lies in promoting the research and development of new sources of energy. They achieve this by publishing 'New Energy' magazine and books to educate the public. Additionally, through their programs, they award grants that support outside research and development of these energy sources. This proactive approach contributes to advancing innovative solutions and technologies in the energy sector, potentially leading to a more sustainable and environmentally friendly future.
This information is meant to be a general summary of New Energy Foundation 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 2022.
- Program Service Revenue: $16,857
- Gross Receipts: $493,058
Assets and Liabilities:
- Total Assets: $9,785
- Total Liabilities: $0
- Net Assets: $9,785
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SALES OF ENERGY MAGAZINE & BO
Revenue
$16,857
Organization Details
Founding Year
2002
Principal Officer
Christy Frazier
Main Address
PO BOX 2816, CONCORD, NH, 033022816
Website
www.infinite-energy.comNTEE Category
Code: A33 - Arts
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