Overview
What is Southface Energy Institute Inc?
Southface Energy Institute Inc, a nonprofit organization based in Atlanta, Georgia, has been a pioneer in promoting a regenerative economy for over 40 years. Their mission is to create a sustainable, high-performance, and scalable environment in homes, workplaces, and communities. They collaborate with various partners, including nonprofits, businesses, government agencies, universities, and technical experts, to implement solutions that minimize climate impact and enhance health and equity. For more than a decade, their GoodUse program has been aiding over 545 nonprofits in 29 states, helping them save over 25 million dollars in utility costs while reducing their environmental impact. By offering technical expertise, consultative and project management assistance, and matching grant support, Southface Institute uncovers areas for improvement within facilities to increase resource efficiency. Their efforts have saved over 150 million gallons of water, more than 202 million kWh in electricity, and reduced CO2 emissions by over 139,000 metric tons since its inception. In 2020, Southface Institute launched a pilot using a groundbreaking financing mechanism called a Solar Energy Purchase Agreement (SEPA) to help the SAE School in Southwest Atlanta become the first net-zero school in Georgia. As a 501(c)3 organization, Southface Institute aims to continue expanding its impact through the GoodUse program, increasing resource efficiency and delivering consultative technical services to nonprofits serving communities across the nation.
Official website here: www.southface.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 89% (Three-Star out of Four Stars)
Southface Energy Institute Inc has received a solid Three-Star rating from Charity Navigator, reflecting its strong focus on accountability and finance. The organization has achieved an impressive score of 89 in these areas, indicating effective financial management and transparency. This score is indicative of the charity's commitment to maintaining a high standard of governance, which is crucial for donor trust.
Strengths of Southface include a fully independent board, robust oversight mechanisms, and comprehensive financial reporting practices. The charity demonstrates a commitment to transparency by posting its tax forms on its website and adhering to conflict of interest and whistleblower policies. Additionally, the organization shows a healthy program expense ratio of 84.10%, meaning a significant portion of its funding directly supports its mission-related activities.
While the overall financial health appears strong, the working capital ratio of 0.49 years may suggest a need for improved liquidity. This could be a consideration for potential donors who prioritize financial stability. However, the absence of any material diversions of assets and the presence of an Audit and Oversight Committee highlight the charity's dedication to responsible management of its resources.
This AI summary has been generated from information found on Charity Navigator.
Is Southface Energy Institute Inc legitimate?
Southface Energy Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Southface Energy Institute 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $453,506
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,972,031
For more financial information, click here
Official website here: www.southface.org
What is the mission statement of Southface Energy Institute Inc?
Southface Energy Institute Inc, a non-profit organization, has been leading the way in the creation of a regenerative economy for over 40 years. Their mission is to develop and implement sustainable, high-performance, and scalable solutions for homes, workplaces, and communities. They strive to achieve three main goals: 1) to promote climate mitigation and resilience at the intersection of the built and natural environments, 2) to enhance health and equity through improvements to the built environment, and 3) to build the knowledge base and workforce necessary to catalyze the transition to a regenerative economy. In collaboration with a network of partners, Southface Institute works towards creating solutions that not only meet current needs but also give back more than they use.
Official website here: www.southface.org
Who is the CEO of Southface Energy Institute Inc?
James Marlow is the Vp Dev, Mkt, of Southface Energy Institute Inc.
Official website here: www.southface.org
What is the revenue of Southface Energy Institute Inc?
Southface Energy Institute Inc's revenue in 2022 was $7,479,990.
Official website here: www.southface.org
Who are the executives of Southface Energy Institute Inc and what are their salaries?
The average compensation at Southface Energy Institute Inc during 2022 was $43,313. There are 56 employees at Southface Energy Institute Inc.
Here are 20 key members and their salaries:
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Official website here: www.southface.org
Where can I find the form 990 for Southface Energy Institute Inc?
Southface Energy Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.southface.org
Learn more at the official website: www.southface.org
Mission Statement of Southface Energy Institute Inc
The Southface Energy Institute Inc, a renowned nonprofit organization, has been at the forefront of research, design, and implementation of a regenerative economy for over 40 years. This regenerative economy is one that strives to give back more than it uses, a concept that is central to their mission. Working in collaboration with a network of partners, including nonprofits, businesses, government agencies, universities, and technical experts, they strive to implement sustainable, high-performance, and scalable solutions in homes, workplaces, and communities.
Their mission is multifaceted, with three key objectives. Firstly, they aim to achieve climate mitigation and resilience at the intersection of the built and natural environments. This means they focus on solutions that not only reduce greenhouse gas emissions but also enhance the resilience of communities to environmental changes.
Secondly, they strive to increase health and equity through improvements to the built environment. This aspect of their mission involves creating buildings and communities that not only promote physical health but also address social and economic disparities, ensuring a more equitable society.
Lastly, they are committed to building the knowledge base and workforce to catalyze the transition to a regenerative economy. This means they invest in education and training, equipping individuals with the skills needed to drive change and create a more sustainable future. In essence, the Southface Energy Institute Inc is dedicated to a mission of creating a regenerative economy that benefits both the environment and society as a whole.
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Impact
June, 2024
Southface Energy Institute Inc has been a leader in promoting a regenerative economy for over 40 years. Through collaborations with partners, businesses, government agencies, and technical experts, they have implemented sustainable and high-performance solutions in homes, workplaces, and communities. Their impact is evident in achieving climate mitigation and resilience, improving health and equity in the built environment, and building the knowledge base for transitioning towards a regenerative economy.
One of their notable programs, GoodUse, has partnered with over 545 Southface Energy Institute IncS in 29 states, resulting in significant savings in utility costs and reduced environmental impact. Through this program, over 139,000 metric tons of CO2 emissions have been reduced, along with saving over 150 million gallons of water and more than 202 million kWh in electricity. Southface Energy Institute Inc's partners see an average reduction of 30% in utility costs, allowing these savings to be reinvested in critical programs and services. For example, participating Boys & Girls Clubs and food banks have been able to positively impact over 10,000 children and provide an additional 2.8 million meals to those in need.
Furthermore, Southface Energy Institute Inc has been instrumental in pioneering innovative financing mechanisms, such as the Solar Energy Purchase Agreement (SEPA), to support projects like the SAE School in Atlanta to become the first net-zero school in Georgia. By continually expanding their impact through programs like GoodUse and driving initiatives towards sustainability and efficiency, Southface Energy Institute Inc is making a significant contribution to building a more sustainable future.
This information is meant to be a general summary of Southface Energy Institute 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: $128,672
- Program Service Revenue: $2,226,366
- Gross Receipts: $7,518,980
Assets and Liabilities:
- Total Assets: $8,310,297
- Total Liabilities: $4,688,841
- Net Assets: $3,621,456
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM REVENUE
Revenue
$2,226,366
Organization Details
Founding Year
1978
Phone
(404) 872-3549Principal Officer
James Marlow
Main Address
241 PINE STREET NE, ATLANTA, GA, 30308
Website
www.southface.orgNTEE Category
Code: C350 - Environment
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