Overview
What is Energy Innovation Reform Project?
The Energy Innovation Reform Project is a nonprofit organization located in Fairfax, Virginia. With a team of five dedicated individuals, their primary mission is to educate the public and advocate for a comprehensive energy policy that prioritizes investments in new technologies. To achieve this, they undertake multiple analyses of decarbonization pathways and policies for the electric power sector, studying the economic and environmental impact of various policy options for reducing emissions. Their work involves extensive outreach to a broad range of key stakeholders across the political and civic spectrum, communicating the findings from their research, and building a strong case for practical policy options. In essence, the Energy Innovation Reform Project plays a vital role in shaping energy policies that foster innovation and sustainability.
Official website here: www.innovationreform.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
The Energy Innovation Reform Project has received a high score of 96% from Charity Navigator, reflecting strong performance in accountability and finance. This high rating is based entirely on the organization’s financial practices, indicating a robust commitment to transparency and responsible management of resources.
The nonprofit has demonstrated exemplary governance, with a board composed of 66% independent members and a well-structured audit and oversight committee. Their financial practices are noteworthy, as evidenced by a program expense ratio of 76.88%, which signifies that a significant portion of their funds is allocated to programs rather than administrative costs. This focus on effective resource allocation enhances the overall impact of their work.
There are no significant limitations noted in the assessment, as the organization has adhered to all necessary policies and practices, including conflict of interest and whistleblower policies. The absence of material diversion of assets and a healthy liabilities-to-assets ratio further solidify their financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Energy Innovation Reform Project legitimate?
Energy Innovation Reform Project is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy Innovation Reform Project 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: $607,924
Professional Fundraising Fees: $0
Other Salaries and Wages: $29,292
For more financial information, click here
Official website here: www.innovationreform.org
What is the mission statement of Energy Innovation Reform Project?
The Energy Innovation Reform Project strives to educate the public and advocate for a comprehensive energy policy that emphasizes investment in new technologies. Through various analyses of decarbonization pathways and policies, they aim to understand the economic and environmental implications of different policy options for reducing emissions. Their extensive outreach to key stakeholders across the political and civic spectrum serves to communicate their research findings and build a robust case for pragmatic policy options.
Official website here: www.innovationreform.org
Who is the CEO of Energy Innovation Reform Project?
Sam Thernstrom is the Principal Officer of Energy Innovation Reform Project. The CEO's salary of Energy Innovation Reform Project is $308,033 and their total compensation is $343,033.
Official website here: www.innovationreform.org
What is the revenue of Energy Innovation Reform Project?
Energy Innovation Reform Project's revenue in 2022 was $931,766.
Official website here: www.innovationreform.org
Who are the executives of Energy Innovation Reform Project and what are their salaries?
The average compensation at Energy Innovation Reform Project during 2022 was $127,443. There are 5 employees at Energy Innovation Reform Project.
Here are 6 key members and their salaries (Energy Innovation Reform Project's CEO's salary is $308,033 and their total compensation is $343,033):
- Compensation: $0
- Related: $0
- Other: $0
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- Compensation: $299,891
- Related: $0
- Other: $35,000
- Compensation: $308,033
- Related: $0
- Other: $35,000
Official website here: www.innovationreform.org
Where can I find the form 990 for Energy Innovation Reform Project?
Energy Innovation Reform Project's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.innovationreform.org
Learn more at the official website: www.innovationreform.org
Mission Statement of Energy Innovation Reform Project
The Energy Innovation Reform Project, a prominent organization, is dedicated to enlightening the public and advocating for a comprehensive energy policy that values investment in new technologies. Their primary mission is to educate the public and influence decision-makers towards policies that support the development and implementation of innovative, low-carbon energy solutions.
Through extensive research and analysis, the Energy Innovation Reform Project examines various decarbonization pathways and policies for the electric power sector. They evaluate the economic and environmental impacts of different policy options for reducing emissions, ensuring that their recommendations are based on thorough and accurate data.
The organization also prioritizes outreach to a diverse range of key stakeholders across the political and civic spectrum. By communicating the findings from their research and building a strong case for pragmatic policy options, the Energy Innovation Reform Project aims to foster a broad consensus for effective energy policies that prioritize the transition to a cleaner, more sustainable future.
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Impact
June, 2024
The Energy Innovation Reform Project has made a significant impact by conducting multiple analyses of decarbonization pathways and policies for the electric power sector. They have studied the economic and environmental impact of different policy options for reducing emissions, contributing valuable insights to the energy policy discourse. Additionally, their extensive outreach efforts to key stakeholders across the political and civic spectrum have helped communicate research findings and build support for pragmatic policy options. This organization's work is instrumental in advocating for a broad energy policy that values investment in new technologies and prioritizes environmental sustainability.
This information is meant to be a general summary of Energy Innovation Reform Project. 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: -$12,303
- Gross Receipts: $1,151,224
Assets and Liabilities:
- Total Assets: $1,468,940
- Total Liabilities: $9,708
- Net Assets: $1,459,232
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Organization Details
Founding Year
2012
Phone
(571) 257-5265Principal Officer
Sam Thernstrom
Main Address
10306 EATON PLACE 300, FAIRFAX, VA, 22030
Website
www.innovationreform.orgNTEE Category
Code: C35 - Environment
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