Overview
What is Energyunited Foundation Inc?
Energyunited Foundation Inc, based in Statesville, North Carolina, is a charitable organization dedicated to collecting and dispersing funds for the benefit of needy individuals and groups within its service area. Primarily serving the counties associated with Energyunited Electric Membership Corporation, this nonprofit's mission is to accumulate and distribute funds for charitable purposes. By doing so, they contribute to the betterment of their community, addressing various needs and supporting those in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Energyunited Foundation Inc has received a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The charity's overall score is based entirely on its accountability and finance, highlighting its strong commitment to transparent operations and good governance practices. The rating reflects that the organization has implemented significant measures to ensure sound financial management.
The foundation boasts a fully independent board, with all ten members being independent, which contributes positively to its governance scores. Additionally, the organization has demonstrated no material diversion of assets and has a clear conflict of interest policy in place. These factors, alongside consistent documentation of board meeting minutes, illustrate a commitment to maintaining ethical standards and accountability.
One of the standout metrics is a 100% program expense ratio, indicating that all of its expenses are directed towards its programs, which is a key strength of the organization. The absence of liabilities, as reflected in their 0.00% ratio, further exemplifies their financial stability. Overall, while the score reflects strong management practices, potential donors can feel confident in Energyunited Foundation Inc’s commitment to fulfilling its mission effectively and responsibly.
This AI summary has been generated from information found on Charity Navigator.
Is Energyunited Foundation Inc legitimate?
Energyunited Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energyunited Foundation Inc 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.
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Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Energyunited Foundation Inc?
The Energyunited Foundation Inc's primary mission is to gather and dispense funds for charitable purposes, focusing mainly on the regions served by Energyunited Electric Membership Corporation. Their objective is to support needy individuals and groups within the Energyunited service area. They accumulate funds and distribute them to various charitable causes, contributing positively to their community. The foundation does not specify the type of charitable work they undertake, but their focus is on serving the regions under Energyunited Electric Membership Corporation's jurisdiction.
Who is the CEO of Energyunited Foundation Inc?
Xavier Zsarmani is the President of Energyunited Foundation Inc.
What is the revenue of Energyunited Foundation Inc?
Energyunited Foundation Inc's revenue in 2022 was $492,932.
Who are the executives of Energyunited Foundation Inc and what are their salaries?
Here are 9 key members and their salaries:
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Where can I find the form 990 for Energyunited Foundation Inc?
Energyunited Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Energyunited Foundation Inc
Energyunited Foundation Inc is committed to accumulating and distributing funds for charitable purposes primarily within the regions served by Energyunited Electric Membership Corporation. This nonprofit organization's mission is centered around addressing the needs of underprivileged individuals and groups within its service area. Through its charitable efforts, Energyunited Foundation Inc aims to make a positive impact in the lives of those in need, contributing to a more compassionate and supportive community.
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Impact
July, 2024
Energyunited Foundation Inc's impact is significant in providing support to needy individuals and groups in the counties served by EnergyUnited Electric Membership Corporation. By accumulating and distributing funds for charitable purposes, particularly in the area of food assistance, the foundation plays a crucial role in addressing the needs of vulnerable populations in the community. Through its efforts, Energyunited Foundation Inc makes a tangible difference in improving the quality of life for those facing economic hardship and food insecurity in the Statesville, NC area.
This information is meant to be a general summary of Energyunited Foundation Inc. 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: $2,416
- Gross Receipts: $492,932
Assets and Liabilities:
- Total Assets: $884,896
- Total Liabilities: $0
- Net Assets: $884,896
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Organization Details
Founding Year
1996
Principal Officer
Xavier Zsarmani
Main Address
PO BOX 1831, STATESVILLE, NC, 286871831
NTEE Category
Code: K30 - Food
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