Overview
What is Nreca International?
Nreca International is a nonprofit organization based in Arlington, Virginia. With a workforce of 17 employees, the organization specializes in technical, management, and supervisory services for rural electrification engineering. Their expertise lies in providing assistance to customers, and in 2022, they offered their services to several operating cooperatives and foreign agencies in Liberia, Nigeria, and Mozambique. In Haiti, Nreca International took on direct utility management services for the government to support an existing operating utility. Their mission is to contribute to the coordination, advancement, and development of rural electrification projects worldwide.
Official website here: www.nrecainternational.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
NRECA International has received a Three-Star rating from Charity Navigator, indicating a solid performance in accountability and finance. The charity’s score highlights its commitment to transparency and effective financial management, with 100% of its board members being independent and a strong program expense ratio of 93.52%. This suggests that a significant majority of their funds are directed towards their programs rather than administrative costs.
The organization excels in various accountability metrics, such as having an audit and oversight committee, a conflict of interest policy, and a whistleblower policy. These elements reflect well on their governance practices, ensuring that the organization's operations are conducted ethically and with oversight. Additionally, the presence of documented board meeting minutes shows their commitment to transparency.
However, NRECA International has a lower score for its liabilities to assets ratio, which received no points. This could indicate potential concerns about financial leverage or stability. Overall, while the organization demonstrates strong governance and efficient use of resources, the financial liabilities aspect may warrant closer attention from stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Nreca International legitimate?
Nreca International is a legitimate nonprofit organization registered as a 501(c)(3) entity. Nreca International 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: $791,989
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,999,432
For more financial information, click here
Official website here: www.nrecainternational.org
What is the mission statement of Nreca International?
Nreca International is dedicated to contributing to the global advancement and development of rural electrification. Their mission encompasses providing technical, managerial, and supervisory engineering services to assist customers in this endeavor. In 2022, Nreca International offered supervisory and advisory assistance to several cooperatives and foreign agencies in Liberia, Nigeria, and Mozambique. In Haiti, the organization took on direct utility management services for the government, supporting an existing operating utility.
Official website here: www.nrecainternational.org
Who is the CEO of Nreca International?
James Matheson is the President, Ceo of Nreca International. The CEO's salary of Nreca International is $0 and their total compensation is $4,627,690.
Official website here: www.nrecainternational.org
What is the revenue of Nreca International?
Nreca International's revenue in 2022 was $20,405,577.
Official website here: www.nrecainternational.org
Who are the executives of Nreca International and what are their salaries?
The average compensation at Nreca International during 2022 was $281,848. There are 17 employees and 33 volunteers at Nreca International.
Here are 23 key members and their salaries (Nreca International's CEO's salary is $0 and their total compensation is $4,627,690):
- Compensation: $0
- Related: $3,712,474
- Other: $915,216
- Compensation: $0
- Related: $870,545
- Other: $31,255
- Compensation: $0
- Related: $701,991
- Other: $145,271
- Compensation: $360,912
- Related: $0
- Other: $132,233
- Compensation: $0
- Related: $347,029
- Other: $43,457
- Compensation: $189,763
- Related: $0
- Other: $109,081
- Compensation: $0
- Related: $216,048
- Other: $78,680
- Compensation: $0
- Related: $224,819
- Other: $58,868
- Compensation: $195,859
- Related: $0
- Other: $82,581
- Compensation: $170,429
- Related: $0
- Other: $96,596
- Compensation: $154,321
- Related: $0
- Other: $82,196
- Compensation: $156,546
- Related: $0
- Other: $66,394
- Compensation: $166,786
- Related: $0
- Other: $36,040
- Compensation: $0
- Related: $32,500
- Other: $0
- Compensation: $0
- Related: $32,000
- Other: $0
- Compensation: $0
- Related: $30,250
- Other: $0
- Compensation: $0
- Related: $28,500
- Other: $0
- Compensation: $0
- Related: $26,250
- Other: $0
- Compensation: $0
- Related: $24,500
- Other: $0
- Compensation: $0
- Related: $24,000
- Other: $0
- Compensation: $0
- Related: $24,000
- Other: $0
- Compensation: $0
- Related: $22,000
- Other: $0
- Compensation: $0
- Related: $4,000
- Other: $0
Official website here: www.nrecainternational.org
Where can I find the form 990 for Nreca International?
Nreca International's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nrecainternational.org
Learn more at the official website: www.nrecainternational.org
Mission Statement of Nreca International
Nreca International, a leading organization in rural electrification, is dedicated to advancing and developing electrical services in various parts of the world. The mission of Nreca International is to coordinate, promote, and oversee rural electrification projects on a global scale.
The organization specializes in providing technical, managerial, and supervisory engineering services for rural electrification projects. In 2022, Nreca International lent its expertise to several operating cooperatives and foreign agencies in Liberia, Nigeria, and Mozambique, offering supervisory and technical advisory assistance to ensure the success of their rural electrification initiatives. In Haiti, Nreca International took on a more hands-on role, managing the existing operating utility for the government with the goal of improving electrical services for the citizens.
By offering a comprehensive range of services, Nreca International plays a pivotal role in facilitating the implementation and success of rural electrification projects around the world. This commitment to supporting the growth and development of sustainable electrical infrastructure empowers communities and contributes to their overall economic and social progress.
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Impact
October, 2024
NRECA International significantly enhances rural electrification efforts worldwide through its comprehensive engineering, management, and supervisory services. In 2022, the organization made notable contributions in various countries, including Liberia, Nigeria, Mozambique, and Haiti. By providing technical advisory services to local cooperatives and foreign agencies, NRECA International helps to improve the efficiency and reliability of electricity distribution in underserved areas.
In Haiti, for example, the organization played a crucial role in directly managing utility operations, ensuring that the existing infrastructure is effectively utilized to meet the community's energy needs. This hands-on approach not only facilitates immediate improvements in service delivery but also builds local capacity for sustainable management of electrification projects.
The organization's mission to advance rural electrification globally emphasizes its commitment to fostering development in remote and underserved regions. By coordinating with local stakeholders, NRECA International helps to create a framework for continued progress in energy access, ultimately contributing to economic development and improved quality of life for communities.
This information is meant to be a general summary of Nreca International. 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: $390
- Program Service Revenue: $16,108,951
- Gross Receipts: $20,426,400
Assets and Liabilities:
- Total Assets: $16,153,918
- Total Liabilities: $12,482,642
- Net Assets: $3,671,276
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TECHNICAL, MANAGEMENT & SUPERVISORY SERVICES
Revenue
$9,932,604
GIS & GEA
Revenue
$2,897,897
ELEC. DEVELOPMENT, ENGINEERING/TE
Revenue
$1,560,271
COOP FUNDED VOL PROJECTS
Revenue
$799,617
OTHER PROGRAM SERVICE REVENUE
Revenue
$918,562
Organization Details
Founding Year
1985
Phone
(703) 907-5960Principal Officer
James Matheson
Main Address
4301 WILSON BLVD Suite 8TH FL, ARLINGTON, VA, 222031860
Website
www.nrecainternational.orgNTEE Category
Code: W03 - Public benefit
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