Overview
What is North Carolina Sustainable Energy Association?
The North Carolina Sustainable Energy Association (NCSEA) is a nonprofit organization based in Raleigh, North Carolina. Their mission is to foster policy and market development that creates clean energy jobs, economic opportunities, and affordable energy for the benefit of all North Carolina residents. The Association conducts public policy advocacy, including market and policy research, analysis, facilitation of stakeholder dialogue, and participation in regulatory and policy decision-making processes related to sustainable energy planning, provision, and use. Their vision is to lead the nation with North Carolina's clean energy economy, serving as a model for other states. This vision encompasses various benefits such as affordability of clean energy, access to clean energy for all consumers, job growth through clean energy market activity, increased clean energy capacity deployed in the market, reduced energy demand, bipartisan support for transforming the energy system, declining pollution and waste, improved energy equity, and improved quality of life and business climate for clean energy. In essence, NCSEA aims to cultivate a robust clean energy ecosystem that unifies and benefits all of its stakeholders, including consumers, businesses, the clean energy industry, and utility energy providers, ultimately contributing to a sustainable and prosperous future for North Carolina.
Official website here: www.energync.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
The North Carolina Sustainable Energy Association has achieved an impressive Four-Star rating from Charity Navigator, indicating a high level of transparency and financial health. With a perfect score in both Accountability and Finance, the organization shows strong governance practices, including a fully independent board and robust policies for conflict of interest and whistleblower protections.
Strengths include their excellent financial practices, highlighted by a notable program expense ratio of 82.72%, indicating that the majority of funds are directed towards their mission-driven programs. Additionally, the association's fundraising efficiency is commendable, with just $0.03 spent to raise a dollar, showcasing effective resource management.
While the organization demonstrates strong financial health, it’s worth noting that their working capital ratio is 0.53 years, which may suggest some challenges in liquidity. However, the overall outlook remains positive due to their commitment to sustainability and impact in the community.
This AI summary has been generated from information found on Charity Navigator.
Is North Carolina Sustainable Energy Association legitimate?
North Carolina Sustainable Energy Association is a legitimate nonprofit organization registered as a 501(c)(3) entity. North Carolina Sustainable Energy Association 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: $548,724
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,146,788
For more financial information, click here
Official website here: www.energync.org
What is the mission statement of North Carolina Sustainable Energy Association?
The North Carolina Sustainable Energy Association, a non-profit organization, is dedicated to the mission of fostering policy and market development to create clean energy jobs, economic opportunities, and affordable energy that benefits all of North Carolina. Their vision is to cultivate a robust clean energy ecosystem that unites and benefits all stakeholders, including consumers, businesses, the clean energy industry, and utility energy providers. The Association undertakes public policy advocacy, including market and policy research, analysis, facilitation of stakeholder dialogue and problem-solving, and participating in regulatory and policy decision-making processes as they relate to sustainable planning, provision, and use of energy, with the goal of reducing pollution, improving energy equity, and enhancing the quality of life and business climate for clean energy in the state.
Official website here: www.energync.org
Who is the CEO of North Carolina Sustainable Energy Association?
Matt Abele is the Board Chair of North Carolina Sustainable Energy Association.
Official website here: www.energync.org
What is the revenue of North Carolina Sustainable Energy Association?
North Carolina Sustainable Energy Association's revenue in 2023 was $2,485,158.
Official website here: www.energync.org
Who are the executives of North Carolina Sustainable Energy Association and what are their salaries?
The average compensation at North Carolina Sustainable Energy Association during 2023 was $62,797. There are 27 employees at North Carolina Sustainable Energy Association.
Here are 20 key members and their salaries:
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- Compensation: $64,350
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Official website here: www.energync.org
Where can I find the form 990 for North Carolina Sustainable Energy Association?
North Carolina Sustainable Energy Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.energync.org
Learn more at the official website: www.energync.org
Mission Statement of North Carolina Sustainable Energy Association
The North Carolina Sustainable Energy Association, a nonprofit membership organization, is committed to envisioning a future where North Carolina's clean energy economy leads the nation. This vision is driven by the association's mission to drive policy and market development, creating clean energy jobs, economic opportunities, and affordable energy that benefits all of North Carolina.
The Association's ultimate goal is to cultivate a robust clean energy ecosystem that unifies and benefits all of its stakeholders, including consumers, businesses, the clean energy industry, and utility energy providers. This ecosystem aims to deliver numerous advantages, such as affordability of clean energy, access for all consumers, job growth, reduced energy demand, increased bipartisan support for transforming the energy system, declining pollution and waste, improved energy equity, and an improved quality of life and business climate for clean energy.
In carrying out its mission, the North Carolina Sustainable Energy Association conducts public policy advocacy, including market and policy research, analysis, facilitation of stakeholder dialogue and problem-solving, and participating in regulatory and policy decision-making processes as they relate to sustainable planning, provision, and use of energy. The Association's efforts are geared towards creating a clean energy economy that serves as a model for other states, offering endless possibilities and benefits for the state and local economies.
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Impact
June, 2024
The North Carolina Sustainable Energy Association is driving policy and market development to create clean energy jobs, economic opportunities, and affordable energy that benefits all of North Carolina. By conducting public policy advocacy, research, analysis, facilitating stakeholder dialogue, and participating in regulatory and policy decision-making processes related to sustainable energy, NCSEA is working towards cultivating a robust clean energy ecosystem. Their impact can be seen in the increasing affordability of clean energy, access to clean energy for all consumers, job growth in the clean energy market, deployment of clean energy capacity, energy demand reduction, bipartisan support for transforming the energy system, declining pollution and waste, improved energy equity, and enhanced quality of life and business climate for clean energy with expanded economic development and local tax base expansion. Through these efforts, NCSEA is envisioning a future where North Carolina's clean energy economy leads the nation and serves as a model for other states.
This information is meant to be a general summary of North Carolina Sustainable Energy Association. 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: $11,167
- Program Service Revenue: $362,444
- Gross Receipts: $2,485,193
Assets and Liabilities:
- Total Assets: $2,076,362
- Total Liabilities: $607,139
- Net Assets: $1,469,223
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING FEES
Revenue
$314,252
REGISTRATION FEES
Revenue
$48,192
Organization Details
Founding Year
1978
Phone
(919) 832-7601Principal Officer
Matt Abele
Main Address
4800 SIX FORKS RD 300, RALEIGH, NC, 27609
Website
www.energync.orgNTEE Category
Code: C013 - Environment
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