Overview
What is Zero Net Energy Alliance?
Zero Net Energy Alliance is a nonprofit organization based in Davis, California, specifically at 744 Eureka Ave, CA 95616. Their mission is to partner with leading communities and organizations to advance a zero-emission future. They implement integrated strategies for rapid decarbonization at city and regional scales, encompassing domains like clean energy, the built environment, sustainable mobility, and climate finance. With a focus on California, they received funding from the state commission to support and build necessary infrastructure and capacity for advanced energy communities in the state.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 43% (Zero-Star out of Four Star rating)
The Zero Net Energy Alliance has received a low rating of 43%, reflecting significant concerns regarding its financial accountability and transparency. While the organization boasts a fully independent board, other areas, such as financial statements and governance policies, show considerable weaknesses. This lack of compliance in crucial areas has contributed to its overall poor standing among charities.
One of the strengths noted is the high program expense ratio of 86.38%, indicating that a significant portion of its funds is directed towards its programs. However, this positive aspect is overshadowed by the organization's inability to meet basic transparency standards, such as posting tax forms and maintaining a conflict of interest policy. These deficiencies raise questions about its financial management and oversight.
Additionally, the liabilities to assets ratio is alarmingly high at 284.89%, which may signal potential financial instability. While the organization has a commitment to its mission, the lack of transparency and governance issues highlighted in the rating may deter potential donors and supporters who prioritize accountability in their charitable contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Zero Net Energy Alliance legitimate?
Zero Net Energy Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Zero Net Energy Alliance 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: $463,106
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Zero Net Energy Alliance?
The Zero Net Energy Alliance works towards advancing a zero-emission future by partnering with leading communities and organizations. They employ integrative approaches to rapid decarbonization at city and regional scales, spanning across clean energy, the built environment, sustainable mobility, and climate finance. Their mission is to promote a carbon-free future through collaborative efforts to transform energy systems and infrastructure. They have been awarded commission funding to support and build the necessary infrastructure and capacity for advanced energy communities in California.
Who is the CEO of Zero Net Energy Alliance?
Richard Schorske is the President of Zero Net Energy Alliance.
What is the revenue of Zero Net Energy Alliance?
Zero Net Energy Alliance's revenue in 2022 was $807,774.
Who are the executives of Zero Net Energy Alliance and what are their salaries?
There 2 volunteers at Zero Net Energy Alliance.
Here are 3 key members and their salaries:
- Compensation: $219,777
- Related: $0
- Other: $0
- Compensation: $92,826
- Related: $0
- Other: $0
- Compensation: $150,503
- Related: $0
- Other: $0
Where can I find the form 990 for Zero Net Energy Alliance?
Zero Net Energy Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Zero Net Energy Alliance
The Zero Net Energy Alliance, a pioneering organization, collaborates with leading communities and organizations to spearhead a zero-emissions future. This Alliance takes an integrative approach to accelerate decarbonization at city and regional levels, operating across the domains of clean energy, the built environment, sustainable mobility, and climate finance. The mission of the Zero Net Energy Alliance is to advance a zero-emissions future by deploying strategic plans to decarbonize rapidly at city and regional scales, thereby contributing to a more sustainable and emissions-free world.
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Impact
June, 2024
The Zero Net Energy Alliance has a significant impact on advancing a zero emissions future by partnering with leading communities and organizations. Through integrative approaches to rapid decarbonization at city and regional scales, the Alliance works across various domains including clean energy, the built environment, sustainable mobility, and climate finance. Notably, the Alliance was awarded California Commission funding to support and build infrastructure/capacity for advanced energy communities in California, with their headquarters based in Davis, CA. The ZNE Alliance's mission is to play a key role in driving forward the transition towards a sustainable and environmentally friendly future.
This information is meant to be a general summary of Zero Net Energy Alliance. 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: $7,050
- Gross Receipts: $807,774
Assets and Liabilities:
- Total Assets: $112,803
- Total Liabilities: $321,372
- Net Assets: -$208,569
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Organization Details
Founding Year
2015
Phone
(916) 480-2115Principal Officer
Richard Schorske
Main Address
744 EUREKA AVE, DAVIS, CA, 95616
NTEE Category
Code: C35 - Environment
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