Overview
What is North Carolina Advanced Energy Corporation?
North Carolina Advanced Energy Corporation, based in Raleigh, NC, is a nonprofit organization primarily focused on addressing the escalating demand for electricity. It strives to shift energy consumption patterns towards off-peak hours as per its Articles of Incorporation. Its mission extends beyond just managing energy, as it seeks to educate consumers about energy-related matters and create economic, environmental, and societal benefits through innovative approaches. The organization engages in various programs, including testing, consulting, and training, to offer alternatives to conventional electric generation technologies and promote more efficient energy solutions. Its ultimate goal is to demonstrate the effective use of electricity for the betterment of North Carolina's energy landscape.
Official website here: www.advancedenergy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
The North Carolina Advanced Energy Corporation has achieved a notable 96% rating, reflecting a strong commitment to accountability and finance. The organization scores perfect marks in several key areas, such as having a fully independent board and robust financial oversight mechanisms. These indicators signify a transparent operation, dedicated to maintaining high standards of governance.
The charity's financial health is further demonstrated by its favorable liabilities to assets ratio of 21.85% and a program expense ratio of 73.27%. This suggests that a significant portion of its expenses goes directly towards its programs, which is a positive sign for donors looking to support effective initiatives.
However, while the organization excels in financial metrics and governance practices, user feedback is not provided in the data. Potential donors may want to seek additional qualitative insights to fully understand the impact of the corporation's work in advancing energy in North Carolina.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Advanced Energy Corporation legitimate?
North Carolina Advanced Energy Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Advanced Energy 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,976,639
For more financial information, click here
Official website here: www.advancedenergy.org
What is the mission statement of North Carolina Advanced Energy Corporation?
The North Carolina Advanced Energy Corporation aims to create economic, environmental, and societal benefits through innovative and market-based approaches to energy issues. As outlined in its Articles of Incorporation, the corporation's primary goals are to moderate the rise in demand for electricity and to shift demand to off-peak periods. In addition to these objectives, the corporation also educates consumers about energy, provides alternatives to current electric generation technologies, develops more economic sources of electric power, increases system efficiency and load factors through conservation and load management, and demonstrates more efficient uses of electric power. Its activities encompass testing, consulting, and training services.
Official website here: www.advancedenergy.org
Who is the CEO of North Carolina Advanced Energy Corporation?
Robert Goodson is the Chair of North Carolina Advanced Energy Corporation.
Official website here: www.advancedenergy.org
What is the revenue of North Carolina Advanced Energy Corporation?
North Carolina Advanced Energy Corporation's revenue in 2022 was $8,369,337.
Official website here: www.advancedenergy.org
Who are the executives of North Carolina Advanced Energy Corporation and what are their salaries?
The average compensation at North Carolina Advanced Energy Corporation during 2022 was $52,324. There are 76 employees at North Carolina Advanced Energy Corporation.
Here are 19 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $241,822
- Related: $0
- Other: $14,155
- Compensation: $186,738
- Related: $0
- Other: $17,786
- Compensation: $152,303
- Related: $0
- Other: $8,279
- Compensation: $140,997
- Related: $0
- Other: $14,787
- Compensation: $138,098
- Related: $0
- Other: $21,671
- Compensation: $132,048
- Related: $0
- Other: $19,013
- Compensation: $129,259
- Related: $0
- Other: $14,749
Official website here: www.advancedenergy.org
Where can I find the form 990 for North Carolina Advanced Energy Corporation?
North Carolina Advanced Energy Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.advancedenergy.org
Learn more at the official website: www.advancedenergy.org
Mission Statement of North Carolina Advanced Energy Corporation
The North Carolina Advanced Energy Corporation, a pioneering entity, is committed to creating economic, environmental, and societal benefits through innovative and market-based approaches to energy issues. Its mission is multifaceted, encompassing the moderation of electricity demand and the strategic shift of demand to off-peak periods.
In addition to these primary objectives, the corporation also focuses on educating consumers about energy, exploring alternatives to current electric generation technologies, and developing more economic sources of electric power. By doing so, it aims to increase system efficiency and load factors, and help moderate the future cost of electric service.
Moreover, the North Carolina Advanced Energy Corporation demonstrates more efficient uses of electric power through its programs, which include testing, consulting, and training. These initiatives are designed to showcase innovative solutions to energy challenges, thereby contributing to a sustainable and economically viable energy future.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
June, 2024
North Carolina Advanced Energy Corporation's impact lies in its efforts to moderate the rise in demand for electricity and shift demand to off-peak periods. Through its work, the corporation not only fulfills its mission of creating economic, environmental, and societal benefits but also educates consumers about energy and provides alternatives to current electric generation technologies. By developing more economic sources of electric power and increasing system efficiency through conservation and load management, the corporation plays a crucial role in helping to moderate the future cost of electric service and demonstrating more efficient uses of electric power. Overall, North Carolina Advanced Energy Corporation's innovative and market-based approaches to energy issues contribute significantly to a sustainable energy future.
This information is meant to be a general summary of North Carolina Advanced Energy 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.
- Investment Income: $102,057
- Program Service Revenue: $7,078,036
- Gross Receipts: $8,369,337
Assets and Liabilities:
- Total Assets: $9,435,626
- Total Liabilities: $974,282
- Net Assets: $8,461,344
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENUE
Revenue
$7,078,036
Organization Details
Founding Year
1980
Phone
(919) 857-9000Principal Officer
Robert Goodson
Main Address
909 CAPABILITY DRIVE, RALEIGH, NC, 27606
Website
www.advancedenergy.orgNTEE Category
Code: C35 - Environment
If you are a representative of North Carolina Advanced Energy Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.