Overview
What is Watttime Corporation?
The Watttime Corporation is a nonprofit organization based in Oakland, California, dedicated to conducting research and developing transparent, scientifically rigorous approaches to validate the accuracy of marginal emissions data. Their primary goal is to create a standardized approach that allows anyone to assess the environmental impact of using electricity during different times. In the fiscal year 2022, they worked with various organizations, including Toyota and Microsoft, to help them shift the charging of their electric vehicles and Windows updates to less harmful times, respectively. They also collaborated with the New York City Mayor's Office and the Missouri Office of the Public Counsel to identify less environmentally harmful charging times for electric vehicles. Additionally, they made significant progress on their Climate Trace project, which uses satellites and artificial intelligence to monitor emissions from space. In the fiscal year 2023, they plan to analyze this data to determine which times using electricity would have the least environmental impact. They are also researching the potential of similar techniques in other sectors, such as shipping and aviation. The Watttime Corporation aims to raise awareness of the potential to reduce environmental harm by shifting electricity use to specific times and encourages the development and spread of common protocols for this practice.
Official website here: www.watttime.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Watttime Corporation has received an 89% rating from Charity Navigator, indicating strong accountability and financial practices. The score is solely based on the organization’s performance in the Accountability & Finance category, where it excelled in various metrics, such as having a majority of independent board members and no material diversion of assets. This reflects a commitment to transparency and sound governance.
The organization demonstrates effective financial management, with a high program expense ratio of 91.29%, suggesting that a significant portion of its funding directly supports its mission. Additionally, it has robust policies in place regarding conflicts of interest, whistleblowing, and document retention, which further reinforces its accountability standards.
However, there are some limitations noted, particularly in fundraising efficiency, where it scored only $0.01, indicating that fundraising efforts may not be as effective as desired. The working capital ratio of 0.41 years also raises some concerns about the organization’s short-term financial sustainability. Overall, while Watttime Corporation showcases strong financial practices, there are areas that may require attention for improvement.
This AI summary has been generated from information found on Charity Navigator.
Is Watttime Corporation legitimate?
Watttime Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Watttime Corporation 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: $165,949
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,771,446
For more financial information, click here
Official website here: www.watttime.org
What is the mission statement of Watttime Corporation?
The Watttime Corporation is dedicated to raising awareness about reducing environmental harm by shifting electricity use to specific times and encouraging the development and spread of common protocols for this practice. In the past fiscal year, they continued their research program, with a focus on validating the accuracy of marginal emissions data, which quantifies the environmental impact of different times in electricity usage. Their goal is to create a standardized approach that anyone can use to validate these data and share across various organizations.
The corporation supported several organizations in adopting Automated Emissions Reduction, including Toyota and Microsoft, and helped the New York City Mayor's Office identify environmentally less harmful times for electricity consumption to support the implementation of a city law aimed at reducing emissions. They also made significant progress on their Climate Trace project, monitoring emissions from space using satellites and artificial intelligence, and began investigating the possibility of similar environmental techniques in sectors other than electricity, such as shipping and aviation. In the upcoming fiscal year, they plan to analyze these data to identify which times using electricity would be less environmentally harmful and conduct research into optimizing everyday activities to reduce emissions.
Official website here: www.watttime.org
Who is the CEO of Watttime Corporation?
Gavin Mccormick is the Executive Director of Watttime Corporation.
Official website here: www.watttime.org
What is the revenue of Watttime Corporation?
Watttime Corporation's revenue in 2022 was $13,336,081.
Official website here: www.watttime.org
Who are the executives of Watttime Corporation and what are their salaries?
The average compensation at Watttime Corporation during 2022 was $122,391. There are 24 employees and 20 volunteers at Watttime Corporation.
Here are 11 key members and their salaries:
- Compensation: $174,965
- Related: $0
- Other: $12,215
- Compensation: $0
- Related: $392,646
- Other: $46,451
- Compensation: $0
- Related: $153,656
- Other: $9,391
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $115,654
- Related: $0
- Other: $16,146
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $305,009
- Other: $44,257
- Compensation: $160,155
- Related: $0
- Other: $27,302
- Compensation: $136,232
- Related: $0
- Other: $14,264
- Compensation: $209,939
- Related: $0
- Other: $13,438
- Compensation: $123,221
- Related: $0
- Other: $29,465
Official website here: www.watttime.org
Where can I find the form 990 for Watttime Corporation?
Watttime Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.watttime.org
Learn more at the official website: www.watttime.org
Mission Statement of Watttime Corporation
Watttime Corporation, a mission-driven organization, is dedicated to raising awareness about the potential environmental benefits of shifting electricity use to specific times and promoting the development and spread of common protocols for this practice. By conducting research with a focus on transparency and scientific rigor, Watttime aims to create an open, standardized approach for validating the accuracy of marginal emissions data, which quantifies the environmental impact of different times of electricity use.
Throughout FY22, Watttime supported various organizations in adopting Automated Emissions Reduction, previously known as Environmental Demand Response. For instance, the corporation showed Toyota how to automatically shift the charging times of their electric vehicle manufacturing to reduce emissions. Moreover, Microsoft began scheduling Windows updates, a significant electricity consumer, to less harmful times with Watttime's assistance.
To support the implementation of NYC Local Law 97, which aims to reduce emissions from buildings by shifting electricity consumption to less harmful times, Watttime helped the New York City Mayor's Office identify environmentally less harmful hours. Additionally, the organization piloted a program with the Missouri Office of the Public Counsel and electric utility Ameren Missouri to automatically shift the charging of electric vehicles to lower-emitting times.
Furthermore, Watttime made significant progress on its Climate Trace project, which monitors emissions from space using satellites and artificial intelligence. In November 2022, the organization released an analysis of the emissions of 72,000 of the largest individual sources of emissions worldwide. With the expectation of having detailed enough data in FY23, Watttime intends to analyze these data to identify which times using electricity would be less environmentally harmful. Additionally, the organization began researching the possibility of implementing similar environmental techniques in other sectors, such as shipping and aviation. In FY23, Watttime aims to learn whether these early pilots point to new means to reduce emissions through optimizing time, place, and similar traits of everyday activities.
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Impact
October, 2024
Watttime Corporation significantly impacts environmental sustainability by raising awareness of how shifting electricity use to specific times can reduce emissions and environmental harm. The focus on transparent, scientifically rigorous methodologies allows organizations and individuals to validate "marginal emissions" data, identifying the times when energy consumption leads to lower emissions.
By collaborating with various organizations, Watttime has implemented practical solutions that optimize electricity use. For instance, they helped Toyota automate the charging times for electric vehicles to coincide with lower emission periods and guided Microsoft in scheduling energy-intensive Windows updates for off-peak times, reducing overall environmental impact.
The corporation's work extends to public initiatives, such as assisting the New York City Mayor's Office in identifying optimal times for electricity usage in compliance with Local Law 97, which aims to reduce building emissions. Additionally, their pilot programs with Ameren Missouri and the Missouri Office of the Public Counsel further demonstrate how targeted energy consumption can lead to meaningful emissions reduction.
Through the Climate TRACE project, Watttime is at the forefront of using satellite data and AI to monitor emissions from significant sources globally, with plans to refine this data to enhance practical applications for reducing environmental harm through optimized energy usage. Their research demonstrates the potential for similar emissions-reducing techniques in other sectors, such as shipping and aviation, bolstering their mission to transform everyday activities into opportunities for environmental benefit. Overall, Watttime Corporation plays a crucial role in promoting sustainable practices and developing innovative strategies for reducing emissions.
This information is meant to be a general summary of Watttime Corporation. 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.
- Program Service Revenue: $907,762
- Gross Receipts: $13,336,081
Assets and Liabilities:
- Total Assets: $7,163,583
- Total Liabilities: $2,490,166
- Net Assets: $4,673,417
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEES
Revenue
$762,361
CONSULTING FEES
Revenue
$145,401
Organization Details
Founding Year
2014
Phone
(857) 540-3535Principal Officer
Gavin Mccormick
Main Address
490 43RD STREET 221, OAKLAND, CA, 94609
Website
www.watttime.orgNTEE Category
Code: U19 - Science research
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