Overview
What is Energy Smart Colorado Inc?
Energy Smart Colorado Inc, a nonprofit collaboration of 10 community partners serving 18 Colorado counties, is dedicated to making energy efficiency improvements accessible and affordable. They primarily assist rural communities, including non-profit entities, government agencies, and utility providers, in developing and implementing energy efficiency and electrification programs. This helps residents and businesses save money, reduce carbon emissions, and support local economic development. Their network operates on collective impact, believing that by working together and sharing resources, they can have a larger impact. Energy Smart Colorado provides energy assessments, recommendations for energy efficiency improvements, electrification opportunities, direct installs, access to financing, and connections to local contractors to complete retrofit projects. They also offer services to utilities and municipalities to help meet statewide and community goals for efficiency and climate action. Since 2010, Energy Smart Colorado has helped communities implement climate action programs, leading to over 81.8 million dollars in local investments in energy efficiency and renewable energy projects. In partner communities, over 10,000 energy assessments have resulted in the completion of over 5,000 energy upgrades, saving participants over 5 million in utility costs and nearly 45,351 metric tons of CO2 annually. Energy Smart Colorado builds capacity, shares resources, and provides mutual support to help communities and organizations advance community-based goals for efficiency or climate action.
Official website here: www.energysmartcolorado.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83%
Energy Smart Colorado Inc has earned a Three-Star out of Four Star rating from Charity Navigator, indicating a commendable level of accountability and financial health. The organization exhibits strong governance, with 88% of its board members being independent and a well-documented conflict of interest policy. These factors contribute positively to the charity's transparency and operational integrity.
The charity's financial metrics reflect solid performance, particularly with a program expense ratio of 84.68%, showcasing a commitment to directing funds towards its mission. Additionally, the absence of material diversion of assets further strengthens its credibility. The organization maintains open communication by documenting board meeting minutes and ensuring its website is accessible as noted on its tax form.
However, the liabilities to assets ratio of 58.86% suggests a need for caution regarding financial leverage. While the overall score is strong, this aspect may underline some potential financial risks that stakeholders should consider. Overall, Energy Smart Colorado Inc demonstrates a strong foundation in its operations and governance while highlighting the importance of addressing financial ratios.
This AI summary has been generated from information found on Charity Navigator.
Is Energy Smart Colorado Inc legitimate?
Energy Smart Colorado Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy Smart Colorado 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: $93,216
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.energysmartcolorado.org
What is the mission statement of Energy Smart Colorado Inc?
Energy Smart Colorado Inc, a collaboration of community partners, aims to advance community-based goals for energy efficiency or climate action. The organization helps communities and organizations by sharing resources, building capacity, and providing mutual support. They assist rural communities, consisting of non-profit entities, government agencies, and utility providers, in developing and implementing energy efficiency and electrification programs. These programs aim to help residents and businesses save money, reduce carbon emissions, and support local economic development. Energy Smart Colorado provides energy assessments, recommendations for energy efficiency improvements, electrification opportunities, direct installs, access to financing, and connections to local contractors to complete retrofit projects. They also offer services to utilities and municipalities to help meet statewide and community goals for efficiency and climate action. Through their community partners, they have helped communities develop and implement climate action programs, resulting in significant local investments in energy efficiency and renewable energy projects, and annual savings of over 5 million in utility costs and nearly 45,351 metric tons of CO2.
Official website here: www.energysmartcolorado.org
Who is the CEO of Energy Smart Colorado Inc?
Mat Elmore is the Board Presid of Energy Smart Colorado Inc.
Official website here: www.energysmartcolorado.org
What is the revenue of Energy Smart Colorado Inc?
Energy Smart Colorado Inc's revenue in 2022 was $268,515.
Official website here: www.energysmartcolorado.org
Who are the executives of Energy Smart Colorado Inc and what are their salaries?
The average compensation at Energy Smart Colorado Inc during 2022 was $93,216. There is 1 employee and 10 volunteers at Energy Smart Colorado Inc.
Here are 9 key members and their salaries:
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- Compensation: $93,216
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- Other: $7,300
Official website here: www.energysmartcolorado.org
Where can I find the form 990 for Energy Smart Colorado Inc?
Energy Smart Colorado Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energysmartcolorado.org
Learn more at the official website: www.energysmartcolorado.org
Mission Statement of Energy Smart Colorado Inc
Energy Smart Colorado Inc, a collaboration of community partners, aims to help communities and organizations advance community-based goals for efficiency or climate action. The nonprofit organization does this by sharing resources, building capacity, and providing mutual support.
More specifically, Energy Smart Colorado Inc assists rural communities, consisting of non-profit entities, government agencies, and utility providers in developing and implementing energy efficiency and electrification programs. These initiatives aim to help residents and businesses save money, reduce carbon emissions, and support local economic development. The network operates on the idea of collective impact, believing that by working together and sharing resources, they can have a larger impact.
Through Energy Smart Colorado Inc's community partners, homeowners and businesses are provided with energy assessments, advice on energy efficiency improvement recommendations, electrification opportunities, direct installs, access to financing (including rebates and loans), and connections to local contractors to complete retrofit projects. The organization also provides services to utilities and municipalities to help meet statewide and community goals for efficiency and climate action. These services include a consistent field assessment tool, a robust data management system, participant enrollment support, as well as energy reduction tracking, program marketing, and financial assistance to grow the clean energy workforce.
Since its inception in 2010, Energy Smart Colorado Inc has helped communities develop and implement climate action programs that have led to over 81.8 million dollars in local investments in energy efficiency and renewable energy projects. In partner communities, over 10,000 energy assessments have resulted in the completion of over 5,000 energy upgrades. Each year, Energy Smart participants are saving over 5 million dollars in utility costs and nearly 45,351 metric tons of CO2. The organization has helped communities develop strategic plans, necessary program infrastructure, and trained program personnel to enable this reduction in greenhouse gas emissions.
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Impact
June, 2024
Energy Smart Colorado Inc's impact includes directly leading to over $81.8 million in local investments in energy efficiency and renewable energy projects since 2010. In partner communities, they have conducted over 10,000 energy assessments, resulting in more than 5,000 energy upgrades. Additionally, participants in Energy Smart programs are collectively saving over 5 million in utility costs annually and reducing nearly 45,351 metric tons of CO2 emissions. Through their efforts, Energy Smart Colorado is actively helping communities reduce their greenhouse gas emissions, enhance energy efficiency, and promote sustainable practices for a better future.
This information is meant to be a general summary of Energy Smart Colorado 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.
- Investment Income: $63
- Program Service Revenue: $103,462
- Gross Receipts: $268,515
Assets and Liabilities:
- Total Assets: $340,433
- Total Liabilities: $197,125
- Net Assets: $143,308
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENERGY ASSESSMENTS
Revenue
$60,379
PROGRAM ADMINISTRATION FEES
Revenue
$24,060
MEMBERSHIP DUES
Revenue
$10,500
REIMBURSED EXPENSES - PROGRAM
Revenue
$8,523
Organization Details
Founding Year
2013
Phone
(833) 372-4372Principal Officer
Mat Elmore
Main Address
PO BOX 4842, FRISCO, CO, 80443
Website
www.energysmartcolorado.orgNTEE Category
Code: C35 - Environment
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