Overview
What is Smart Electric Power Alliance?
Smart Electric Power Alliance is a Washington, D.C.-based nonprofit organization employing 73 individuals. Their mission is to assist electric utilities and industry participants in making informed business decisions and tackling industry-specific challenges through customized research, solutions, and facilitation. SEPA focuses on advancing carbon-free energy by collaborating with energy stakeholders. Their services aim to accelerate the transition to a carbon-free electricity sector, providing actionable solutions.
Official website here: www.sepapower.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 85% - Three-Star out of Four Star rating
The Smart Electric Power Alliance has received a strong rating of 85% from Charity Navigator, reflecting solid accountability and financial practices. Notably, the organization boasts an independent board composed entirely of independent members, showcasing a commitment to transparency and governance. Their financial oversight practices, including a comprehensive audit committee, further reinforce their credibility.
While the overall financial health of the organization appears stable, with a favorable liabilities-to-assets ratio of 23.59%, their program expense ratio at 60.93% suggests there is room for improvement in allocating funds towards direct programmatic activities. This indicates a potential opportunity for the organization to enhance the impact of their initiatives.
On the cultural and community engagement front, the organization scores well, indicating a positive internal environment and commitment to equity strategies. Overall, the Smart Electric Power Alliance exhibits strong governance and stability, but could benefit from addressing its program expenditure to further maximize its mission-driven efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Smart Electric Power Alliance legitimate?
Smart Electric Power Alliance is a legitimate nonprofit organization registered as a 501(c)(3) entity. Smart Electric Power 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: $411,812
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,836,283
For more financial information, click here
Official website here: www.sepapower.org
What is the mission statement of Smart Electric Power Alliance?
The Smart Electric Power Alliance (SEPA) is dedicated to driving the electricity sector towards carbon-free energy. Their mission is to accelerate this transformation by providing actionable solutions for energy stakeholders. SEPA's custom engagements offer tailored research, strategies, and facilitation designed to help electric utilities and other industry participants make informed business decisions and tackle the intricate challenges they face. Through their research and strategy initiatives, SEPA aims to support the shift towards a sustainable, carbon-free electricity sector.
Official website here: www.sepapower.org
Who is the CEO of Smart Electric Power Alliance?
Sheri Givens is the CEO of Smart Electric Power Alliance The CEO's salary of Smart Electric Power Alliance is $403,531 and their total compensation is $411,812.
Official website here: www.sepapower.org
What is the revenue of Smart Electric Power Alliance?
Smart Electric Power Alliance's revenue in 2023 was $18,364,291.
Official website here: www.sepapower.org
Who are the executives of Smart Electric Power Alliance and what are their salaries?
The average compensation at Smart Electric Power Alliance during 2023 was $103,544. There are 70 employees and 25 volunteers at Smart Electric Power Alliance.
Here are 28 key members and their salaries (Smart Electric Power Alliance's CEO's salary is $403,531 and their total compensation is $411,812):
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- Compensation: $403,531
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- Compensation: $100,384
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- Compensation: $179,679
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- Other: $16,445
Official website here: www.sepapower.org
Where can I find the form 990 for Smart Electric Power Alliance?
Smart Electric Power Alliance's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.sepapower.org
Learn more at the official website: www.sepapower.org
Mission Statement of Smart Electric Power Alliance
The Smart Electric Power Alliance, or SEPA, is a pioneering organization dedicated to propelling the electricity sector towards a carbon-free future. With a mission to accelerate this transformation, SEPA provides actionable solutions for stakeholders in the energy industry.
SEPA's unique approach lies in its custom engagements, which encompass tailored research, strategies, and facilitation. These offerings enable electric utilities and other industry participants to make well-informed business decisions and tackle the intricate challenges that confront their specific organizations, both in the present and future. By equipping these entities with the right tools and knowledge, SEPA plays a crucial role in driving the energy sector towards a low-carbon future.
In essence, the Smart Electric Power Alliance serves as a catalyst for progress in the electricity sector. Through its innovative solutions and strategic collaborations, the organization helps its members navigate the complex landscape of carbon-free energy transition and succeed in their individual missions. SEPA's mission is not only to empower its members but also to contribute to a larger, collective goal: a carbon-free electricity sector.
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Impact
October, 2024
The Smart Electric Power Alliance (SEPA) plays a crucial role in advancing the transition to carbon-free energy by collaborating with various energy stakeholders. Through customized engagements, SEPA provides tailored research and strategic solutions that empower electric utilities and other participants in the energy industry to navigate complex challenges. Their efforts focus on delivering actionable insights that facilitate informed business decisions and drive progress in the sector. Located in Washington, DC, SEPA's mission is to accelerate the transformation of the electricity sector, supporting a sustainable and environmentally conscious future.
This information is meant to be a general summary of Smart Electric Power 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 2023.
- Investment Income: $752,108
- Program Service Revenue: $16,800,137
- Gross Receipts: $44,446,834
Assets and Liabilities:
- Total Assets: $24,338,371
- Total Liabilities: $5,743,282
- Net Assets: $18,595,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Solar Energy Trade Shows
Revenue
$13,168,107
Membership Dues
Revenue
$1,703,811
Consulting
Revenue
$1,059,903
Registrations
Revenue
$545,816
Sponsorships
Revenue
$322,500
Organization Details
Founding Year
1992
Principal Officer
Sheri Givens
Website
www.sepapower.orgNTEE Category
Code: C35 - Environment
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