Overview
What is Nuvista Light & Electric Cooperative Inc?
Nuvista Light & Electric Cooperative Inc, based in Anchorage, Alaska, is a nonprofit organization dedicated to energy-related initiatives. They engage in regional and community energy planning, conduct feasibility studies, and promote energy education. Furthermore, they execute energy infrastructure projects and collaborate with non-profit and Tribal groups. Nuvista also participates in the BIA program, contributing to business development and capacity building in Kwethluk, preparing the community for potential wind and battery projects. Their mission is to foster sustainable energy solutions, ultimately benefiting the communities they serve.
Official website here: www.nuvistacoop.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 48%
Nuvista Light & Electric Cooperative Inc has received a Zero-Star out of Four Star rating from Charity Navigator, indicating significant concerns regarding its overall performance and transparency. The organization scored 48% in its Accountability & Finance rating, which reflects potential weaknesses in financial management and governance practices. While the cooperative benefits from a fully independent board and strong oversight in certain areas, it lacks critical policies such as a whistleblower and document retention policy.
The organization shows a reasonable level of program expense ratio at 48.21%, yet this figure alone does not compensate for other shortcomings. The liabilities to assets ratio is notably high at 1.84%, raising concerns about the financial stability of the organization. Additional points of concern include missing documentation related to tax forms and the absence of a whistleblower policy, both of which are essential for maintaining accountability and transparency.
Despite some strengths in governance, the overall lack of essential policies and poor financial indicators may deter potential donors and supporters. Continuous improvement in these areas is necessary for Nuvista Light & Electric Cooperative Inc to enhance its credibility and effectiveness in serving its community.
This AI summary has been generated from information found on Charity Navigator.
Is Nuvista Light & Electric Cooperative Inc legitimate?
Nuvista Light & Electric Cooperative Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nuvista Light & Electric Cooperative 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: $128,389
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,749
For more financial information, click here
Official website here: www.nuvistacoop.org
What is the mission statement of Nuvista Light & Electric Cooperative Inc?
Nuvista Light & Electric Cooperative Inc's mission is centered around energy-related initiatives. They engage in regional and community energy planning, conduct feasibility studies, promote energy education, and undertake energy infrastructure projects. The cooperative also collaborates with non-profit and Tribal groups in these endeavors. Furthermore, they participate in a Business and Industry Assistance program, which aids in the preparation of communities for potential wind and battery projects. Although not explicitly stated, it can be inferred that their goal is to contribute to energy sustainability and community development.
Official website here: www.nuvistacoop.org
Who is the CEO of Nuvista Light & Electric Cooperative Inc?
Sean Glasheen is the Executive Director of Nuvista Light & Electric Cooperative Inc.
Official website here: www.nuvistacoop.org
What is the revenue of Nuvista Light & Electric Cooperative Inc?
Nuvista Light & Electric Cooperative Inc's revenue in 2022 was $1,326,329.
Official website here: www.nuvistacoop.org
Who are the executives of Nuvista Light & Electric Cooperative Inc and what are their salaries?
The average compensation at Nuvista Light & Electric Cooperative Inc during 2022 was $67,379. There are 3 employees and 7 volunteers at Nuvista Light & Electric Cooperative Inc.
Here are 9 key members and their salaries:
- Compensation: $58,000
- Related: $0
- Other: $10,389
- Compensation: $60,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.nuvistacoop.org
Where can I find the form 990 for Nuvista Light & Electric Cooperative Inc?
Nuvista Light & Electric Cooperative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nuvistacoop.org
Learn more at the official website: www.nuvistacoop.org
Mission Statement of Nuvista Light & Electric Cooperative Inc
Nuvista Light & Electric Cooperative Inc, as a mission-driven organization, focuses on energy-related initiatives. This includes regional and community energy planning, conducting feasibility studies, delivering energy education, and executing energy infrastructure projects. The cooperative collaborates with non-profit and Tribal groups to achieve these objectives. Furthermore, Nuvista is involved in the BIA program, which aims to support business development and capacity building in Kwethluk, preparing the community for potential wind and battery projects. By undertaking these activities, Nuvista Light and Electric Cooperative strives to contribute positively to energy-related advancements and community development.
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Impact
July, 2024
Nuvista Light & Electric Cooperative Inc's impact is significant in its contribution to community improvement through energy-focused initiatives such as regional and community energy planning, feasibility studies, energy education, and energy infrastructure projects. By collaborating with non-profit and Tribal groups, Nuvista Light & Electric Cooperative is able to effectively undertake projects that benefit the community and promote sustainable energy practices. Additionally, their participation in programs like the BIA program in Kwethluk demonstrates their commitment to business development and capacity building in underserved areas to prepare for renewable energy projects. Located in Anchorage, AK, Nuvista Light & Electric Cooperative is making a tangible difference in advancing energy sustainability and fostering economic development in the region.
This information is meant to be a general summary of Nuvista Light & Electric Cooperative 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.
- Gross Receipts: $1,326,329
Assets and Liabilities:
- Total Assets: $4,661,224
- Total Liabilities: $86,170
- Net Assets: $4,575,054
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Organization Details
Founding Year
2007
Phone
(907) 891-0980Principal Officer
Sean Glasheen
Main Address
PO Box 240754, Anchorage, AK, 99524
Website
www.nuvistacoop.orgNTEE Category
Code: S12 - Community improvement
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