Overview
What is The Solar Foundation?
The Solar Foundation is a nonprofit organization situated in Albany, New York, with a mission to accelerate the adoption of solar energy, a abundant and renewable source of power. Their activities encompass federal funding programs, such as SOLSmart, which offers no-cost technical assistance to municipalities and counties aiming to make solar energy installation more accessible and affordable for residents and businesses. Another initiative, Solar Ready Vets Network, connects transitioning military service members and veterans with solar industry training, credentialing, and employment opportunities. Moreover, the organization supports solar workforce development, finance, and microgrid development in Puerto Rico through the Puerto Rico Solar Business Accelerator. With a team of 13 dedicated individuals, The Solar Foundation strives to integrate solar and solar-compatible technologies into various aspects of our lives, contributing to a prosperous future.
Official website here: www.thesolarfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The Solar Foundation has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong emphasis on accountability and finance. The organization scored 100% on various governance metrics, including having an independent board and robust financial oversight. This rating indicates that The Solar Foundation is well-managed and committed to maintaining transparency in its operations.
The foundation demonstrates exceptional financial health, with a program expense ratio of over 75%, suggesting that a significant portion of its resources is directed toward its mission rather than administrative costs. Additionally, the organization has no liabilities, which positions it favorably for sustainability and growth.
While the data illustrates solid performance in governance and financial management, it is essential for donors and stakeholders to keep an eye on the overall impact of the foundation's programs in the solar energy sector. Continued success will depend on effectively translating financial health into measurable outcomes for communities and the environment.
This AI summary has been generated from information found on Charity Navigator.
Is The Solar Foundation legitimate?
The Solar Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Solar Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $457,727
For more financial information, click here
Official website here: www.thesolarfoundation.org
What is the mission statement of The Solar Foundation?
The Solar Foundation's mission is centered around accelerating the adoption of solar energy, which is abundantly available worldwide. They achieve this goal through their leadership, research, and capacity building, aiming to integrate solar and solar-compatible technologies into various aspects of our lives. This initiative is expected to contribute to a prosperous future. The organization also offers energy programs such as SOLSmart, which provides technical assistance to municipalities and counties seeking to make solar energy installation easier and more affordable. Additionally, they have the Solar Ready Vets Network, connecting transitioning military service members and veterans with solar industry training and employment opportunities. Furthermore, The Solar Foundation supports solar workforce development, finance, and microgrid development in Puerto Rico through the Puerto Rico Solar Business Accelerator.
Official website here: www.thesolarfoundation.org
Who is the CEO of The Solar Foundation?
Larry Sherwood is the Chair of The Solar Foundation.
Official website here: www.thesolarfoundation.org
What is the revenue of The Solar Foundation?
The Solar Foundation's revenue in 2021 was $1,336,664.
Official website here: www.thesolarfoundation.org
Who are the executives of The Solar Foundation and what are their salaries?
The average compensation at The Solar Foundation during 2021 was $35,210. There are 13 employees and 5 volunteers at The Solar Foundation.
Here are 5 key members and their salaries:
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- Other: $0
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Official website here: www.thesolarfoundation.org
Where can I find the form 990 for The Solar Foundation?
The Solar Foundation's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.thesolarfoundation.org
Learn more at the official website: www.thesolarfoundation.org
Mission Statement of The Solar Foundation
The Solar Foundation, a renowned organization, is dedicated to accelerating the global adoption of the most abundant energy source: the sun. Through their leadership, research, and capacity building initiatives, they strive to create transformative solutions that integrate solar and solar-compatible technologies into various aspects of our lives. Their ultimate goal is to pave the way for a prosperous future where solar energy becomes an integral part of our daily lives.
To achieve this mission, The Solar Foundation implements various programs. One such program is SOLSmart, which provides national recognition and no-cost technical assistance to municipalities and counties seeking to make it easier and more affordable for residents and businesses to install solar energy systems. Another program is the Solar Ready Vets Network, which connects transitioning military service members and veterans with solar industry training, credentialing, and employment opportunities. Furthermore, The Solar Foundation supports solar workforce development, finance, and microgrid development in Puerto Rico through the Puerto Rico Solar Business Accelerator.
In summary, The Solar Foundation's mission is to revolutionize the energy sector by promoting the widespread adoption of solar power. Through their programs, they offer technical assistance, training, and employment opportunities in the solar industry, with a particular focus on military veterans and Puerto Rico. Their ultimate goal is to create a future where solar energy is an integral part of our everyday lives, contributing to a more sustainable and prosperous world.
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Impact
July, 2024
The Solar Foundation aims to accelerate the adoption of the world's most abundant energy source: the sun. Their energy programs, supported by federal funds, include initiatives like SolSmart, which provides national recognition and technical assistance to municipalities and counties to make it easier for residents and businesses to install solar energy systems. Additionally, the Solar Ready Vets Network connects transitioning military service members and veterans with solar industry training and employment opportunities. Another program, the Puerto Rico Solar Business Accelerator, supports solar workforce development, finance, and microgrid development in Puerto Rico. Through leadership, research, and capacity building, The Solar Foundation is working towards a future where solar and solar-compatible technologies are integrated into all aspects of our lives.
This information is meant to be a general summary of The Solar Foundation. 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 2021.
- Investment Income: $8
- Gross Receipts: $1,336,664
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Organization Details
Founding Year
1977
Phone
(518) 621-7379Principal Officer
Larry Sherwood
Main Address
125 WOLF ROAD 207, ALBANY, NY, 12205
Website
www.thesolarfoundation.orgNTEE Category
Code: U99 - Science research
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