Overview
What is Institute For Energy Innovation?
The Institute for Energy Innovation is a nonprofit organization based in Lansing, Michigan, with six employees. Its primary mission is to educate policy makers, business leaders, and the general public about advanced energy issues such as energy storage, solar energy, mobility, and the built environment. The organization strives to foster a greater understanding of the economic potential of advanced energy for Michigan and to engage in discussions about Michigan's energy challenges and opportunities. In doing so, the Institute for Energy Innovation aims to inform and shape policies and public opinion to support the advancement of clean and sustainable energy solutions in Michigan.
Official website here: www.instituteforenergyinnovation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 77% - Three-Star out of Four Star rating
The Institute for Energy Innovation has earned a Three-Star rating from Charity Navigator, with its overall score reflecting strong accountability and finance practices. The score is based entirely on the accountability and finance beacon, indicating a focus on governance and responsible financial management.
Strengths of the organization include a fully independent board, adherence to conflict of interest policies, and a transparent approach to documenting board meeting minutes. The charity maintains a low liabilities-to-assets ratio, showcasing financial stability, and allocates a significant portion of its expenses, 75.12%, towards its programs.
While the score denotes an overall positive assessment, it is primarily derived from financial metrics rather than programmatic impact or effectiveness. Future evaluations could benefit from additional insights into the organization's specific programs and their outcomes.
This AI summary has been generated from information found on Charity Navigator.
Is Institute For Energy Innovation legitimate?
Institute For Energy Innovation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Institute For Energy Innovation 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: $121,800
Professional Fundraising Fees: $0
Other Salaries and Wages: $219,332
For more financial information, click here
Official website here: www.instituteforenergyinnovation.org
What is the mission statement of Institute For Energy Innovation?
The Institute for Energy Innovation's mission is geared towards fostering a broader understanding of advanced energy and its economic potential for the state. By educating policy makers, business leaders, and the public, the organization aims to inform discussions on energy challenges and opportunities in Michigan. Specifically, their focus areas include energy storage, solar energy, mobility, and the built environment. In essence, their goal is to facilitate informed decision-making and promote sustainable energy solutions.
Official website here: www.instituteforenergyinnovation.org
Who is the CEO of Institute For Energy Innovation?
Laura Sherman is the Board Chair of Institute For Energy Innovation.
Official website here: www.instituteforenergyinnovation.org
What is the revenue of Institute For Energy Innovation?
Institute For Energy Innovation's revenue in 2022 was $757,261.
Official website here: www.instituteforenergyinnovation.org
Who are the executives of Institute For Energy Innovation and what are their salaries?
The average compensation at Institute For Energy Innovation during 2022 was $56,855. There are 6 employees and 7 volunteers at Institute For Energy Innovation.
Here are 8 key members and their salaries:
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- Compensation: $108,000
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- Other: $13,800
Official website here: www.instituteforenergyinnovation.org
Where can I find the form 990 for Institute For Energy Innovation?
Institute For Energy Innovation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.instituteforenergyinnovation.org
Learn more at the official website: www.instituteforenergyinnovation.org
Mission Statement of Institute For Energy Innovation
The Institute for Energy Innovation, a non-profit organization, is dedicated to enlightening the public about advanced energy and its economic potential for Michigan. Its primary goal is to foster a greater understanding of Michigan's energy challenges and opportunities, and to engage in informed discussions about these matters.
By educating policy makers, business leaders, and the general public on advanced energy issues such as energy storage, solar energy, mobility, and the built environment, the Institute for Energy Innovation aims to contribute to Michigan's energy sector at large. The organization's mission is to serve as a bridge between advanced energy technologies and the broader public, thereby promoting informed decision-making and policy-making in this critical area.
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Impact
June, 2024
Institute For Energy Innovation has been instrumental in promoting greater public understanding of advanced energy and its economic potential for Michigan. By educating policymakers, business leaders, and the public on advanced energy issues such as energy storage, solar energy, mobility, and the built environment, the organization has played a crucial role in shaping the energy landscape in the state. Through their efforts, they have contributed to informed public and policy discussions on Michigan's energy challenges and opportunities, ultimately working towards a more sustainable and innovative energy future.
This information is meant to be a general summary of Institute For Energy Innovation. 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: $93
- Program Service Revenue: $339,168
- Gross Receipts: $757,261
Assets and Liabilities:
- Total Assets: $470,126
- Total Liabilities: $15,198
- Net Assets: $454,928
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEE SUPPORT
Revenue
$201,032
CONTRACTED SERVICES
Revenue
$138,136
Organization Details
Founding Year
2011
Phone
(607) 592-3026Principal Officer
Laura Sherman
Main Address
115 W ALLEGAN STE 710, LANSING, MI, 489331783
NTEE Category
Code: C11 - Environment
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