Overview
What is Energy Allies A Nj Nonprofit Corporation?
Energy Allies A NJ Nonprofit Corporation is a charitable organization based in Cambridge, Massachusetts, with a staff of 17 individuals. Their mission is to ensure that community solar, a sustainable and cost-effective energy solution, becomes accessible to all American households, especially those in low-to-moderate income brackets who are currently excluded from the market. They achieve this by focusing on three key areas: community enrollment and education, financial innovation, and policy advocacy. By democratizing solar access, Energy Allies aims to accelerate the transition to clean energy and revolutionize the energy system, with a particular focus on empowering climate-impacted communities.
Official website here: www.energy-allies.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Energy Allies has received a Three-Star rating from Charity Navigator, indicating a moderate level of financial health and accountability. The score is primarily derived from accountability and finance metrics, which reflect the nonprofit's dedication to responsible financial management and transparency.
The organization boasts a strong independent board with 100% of board members being independent. It also demonstrates robust oversight with a well-functioning audit committee and no material diversions of assets, which is a positive indicator of its integrity. Additionally, the nonprofit has shown a commendable program expense ratio of 64.56%, suggesting that a significant portion of its expenditures is directed towards its programs.
However, there are notable areas for improvement, particularly in governance policies, as the organization lacks a conflict of interest policy, a whistleblower policy, and guidelines for document retention. These missing policies may pose risks to organizational transparency and accountability in the long run. Overall, while Energy Allies exhibits solid financial practices, addressing these governance gaps could enhance its effectiveness and reputation.
This AI summary has been generated from information found on Charity Navigator.
Is Energy Allies A Nj Nonprofit Corporation legitimate?
Energy Allies A Nj Nonprofit Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy Allies A Nj Nonprofit 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: $122,780
Professional Fundraising Fees: $0
Other Salaries and Wages: $533,169
For more financial information, click here
Official website here: www.energy-allies.org
What is the mission statement of Energy Allies A Nj Nonprofit Corporation?
Energy Allies, a nonprofit organization, aims to reform the energy system by prioritizing communities affected by climate change through clean energy initiatives, policy advocacy, and education. Specifically, their mission is to make community solar accessible for every American household, particularly those who are currently excluded due to their lower income. By doing so, they aim to democratize solar access, thereby accelerating the shift towards clean energy. They address this mission in three key areas: community enrollment and education, financial innovation, and policy advocacy.
Official website here: www.energy-allies.org
Who is the CEO of Energy Allies A Nj Nonprofit Corporation?
Yesenia Rivera is the Executive Director of Energy Allies A Nj Nonprofit Corporation.
Official website here: www.energy-allies.org
What is the revenue of Energy Allies A Nj Nonprofit Corporation?
Energy Allies A Nj Nonprofit Corporation's revenue in 2022 was $886,118.
Official website here: www.energy-allies.org
Who are the executives of Energy Allies A Nj Nonprofit Corporation and what are their salaries?
The average compensation at Energy Allies A Nj Nonprofit Corporation during 2022 was $38,585. There are 17 employees and 8 volunteers at Energy Allies A Nj Nonprofit Corporation.
Here are 10 key members and their salaries:
- Compensation: $65,208
- Related: $0
- Other: $6,597
- Compensation: $44,485
- Related: $0
- Other: $621
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.energy-allies.org
Where can I find the form 990 for Energy Allies A Nj Nonprofit Corporation?
Energy Allies A Nj Nonprofit Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energy-allies.org
Learn more at the official website: www.energy-allies.org
Mission Statement of Energy Allies A Nj Nonprofit Corporation
Energy Allies, a nonprofit corporation, is on a mission to transform the energy system by focusing on climate-impacted communities through clean energy solutions, policy advocacy, and education. The organization aims to make community solar accessible to every American household, recognizing that while solar technology has advanced and become more affordable, 80% of households remain excluded from the market. This exclusion disproportionately affects low-to-moderate income households, who spend a larger portion of their income on energy but are least likely to benefit from clean energy.
Community solar, as advocated by Energy Allies, allows households to subscribe to a shared solar farm in their area and reap savings on their utility bills, without incurring any additional costs or alterations to their property. This approach expands solar access to renters, low-income households, and communities currently overlooked by rooftop solar.
To achieve this goal, Energy Allies focuses on three key areas: community enrollment and education, financial innovation, and policy advocacy. By addressing these areas, the organization seeks to democratize solar access and accelerate the shift towards clean energy, ensuring that everyone has the opportunity to contribute to and benefit from a sustainable energy future.
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Impact
June, 2024
Energy Allies A Nj Nonprofit Corporation is revolutionizing the energy system by centering climate-impacted communities through clean energy products, policy advocacy, and education. Their mission is to put community solar within reach of every American, addressing the exclusion that low-to-moderate income households face in accessing clean energy solutions. By focusing on community enrollment and education, financial innovation, and policy advocacy, Energy Allies is democratizing solar access and accelerating the transition to clean energy. They are making a tangible impact in promoting sustainability and equity in the energy sector.
This information is meant to be a general summary of Energy Allies A Nj Nonprofit 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.
- Gross Receipts: $886,118
Assets and Liabilities:
- Total Assets: $357,923
- Total Liabilities: $37,157
- Net Assets: $320,766
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Organization Details
Founding Year
2014
Phone
(301) 744-8346Principal Officer
Yesenia Rivera
Main Address
160 Alewife Brook Pkwy 1051, Cambridge, MA, 021381121
Website
www.energy-allies.orgNTEE Category
Code: C35 - Environment
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