Overview
What is Clt Joules?
Clt Joules is a 501(c)(3) nonprofit organization based in Charlotte, North Carolina. Its primary mission is to collaborate with utilities, industries, municipalities, universities, and R&D institutions to identify, counsel, connect, and facilitate the deployment of cleantech startups in the Charlotte and Research Triangle Park regions. Since its inception, Clt Joules has engaged with 85 startups, created over 120 local jobs, and attracted over $45 million in local investment. They have also spearheaded 18 pilot projects and received grants totaling $1.4 million from the US Economic Development Administration and the US Department of Energy. Clt Joules' activities involve nurturing a supportive community for cleantech startups in the area.
Official website here: www.joulesaccelerator.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68%, Two-Star out of Four Star Rating
Clt Joules has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finances. While the organization benefits from a strong governance structure, with 90% of its board members being independent, it has significant gaps in its financial transparency, particularly the absence of financial statements which significantly impacts its score.
Strengths include its commitment to governance practices, as evidenced by its conflict of interest policy and the documentation of board meeting minutes. Additionally, the organization demonstrates effective management of its liabilities relative to its assets, showcasing financial stability. However, the lack of critical policies regarding whistleblower protections and document retention raises concerns about its internal governance and accountability.
Overall, while Clt Joules has established a solid foundation in board independence and financial management, the shortcomings in transparency and policy documentation could hinder potential donor confidence and engagement. Addressing these areas could enhance its overall rating and effectiveness as a nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Clt Joules legitimate?
Clt Joules is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clt Joules 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: $171,158
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,204
For more financial information, click here
Official website here: www.joulesaccelerator.com
What is the mission statement of Clt Joules?
Clt Joules, as a 501(c)(3) non-profit organization, focuses on collaborating with utilities, industries, municipalities, universities, and research institutions to identify, advise, connect, and deploy cleantech startups in their communities. Their primary mission is to foster the growth and success of these startups, ultimately contributing to the development of clean technology. Over the years, they have engaged with numerous startups, created local jobs, and attracted significant investment. Their activities also include facilitating pilot projects and securing grants, such as the one awarded by the US Economic Development Administration and the US Department of Energy.
Official website here: www.joulesaccelerator.com
Who is the CEO of Clt Joules?
Robert Irvin is the Executive Dir. of Clt Joules.
Official website here: www.joulesaccelerator.com
What is the revenue of Clt Joules?
Clt Joules's revenue in 2022 was $538,059.
Official website here: www.joulesaccelerator.com
Who are the executives of Clt Joules and what are their salaries?
The average compensation at Clt Joules during 2022 was $165,681. There are 2 employees and 10 volunteers at Clt Joules.
Here are 13 key members and their salaries:
- Compensation: $171,158
- 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
- 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.joulesaccelerator.com
Where can I find the form 990 for Clt Joules?
Clt Joules's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.joulesaccelerator.com
Learn more at the official website: www.joulesaccelerator.com
Mission Statement of Clt Joules
Clt Joules, a recognized 501(c)(3) organization, is dedicated to collaborating with various entities such as utilities, industries, municipalities, universities, and research institutions. Their primary mission is to identify, advise, and connect cleantech startups with Charlotte and the Research Triangle Park. This non-profit serves as a bridge, facilitating deployments of these innovative startups, thereby contributing to the advancement of clean technology.
Throughout their operations, Clt Joules has engaged with over 85 startups, resulting in the creation of over 120 local jobs. Their efforts have also led to significant investments within the local community, amounting to over $45 million. Furthermore, they have implemented 18 pilot projects, demonstrating their commitment to fostering the growth of cleantech startups. The organization has also received recognition in the form of grants, securing a grant of $750,000 over three years from the US Economic Development Administration, and an additional $600,000 grant from the US Department of Energy, awarded on October 1, 2021. These grants underscore the impact and credibility of Clt Joules in the cleantech sector.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Clt Joules has had a significant impact on the community by engaging with 85 startups, creating over 120 local jobs, and attracting over $45 million in local investment. They have also facilitated 18 pilot projects and received grants from both the US Economic Development Administration and the US Department of Energy. These efforts have helped accelerate the growth of cleantech startups in Charlotte and the Research Triangle Park, contributing to innovation and economic development in the region.
This information is meant to be a general summary of Clt Joules. 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: $538,059
Assets and Liabilities:
- Total Assets: $485,350
- Total Liabilities: $1,500
- Net Assets: $483,850
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2012
Phone
(704) 644-0235Principal Officer
Robert Irvin
Main Address
112 S Tryon Street 800, Charlotte, NC, 28284
Website
www.joulesaccelerator.comNTEE Category
Code: R02 - Civil rights
If you are a representative of Clt Joules and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.