Overview
What is Home Energy Efficiency Team Inc?
Home Energy Efficiency Team Inc, based in Boston, Massachusetts, is a nonprofit organization dedicated to reducing carbon emissions by driving systems change. They have designed a networked ground source heat pump system, also known as networked geothermal, which can be installed and owned by gas companies within their right-of-way in the street. This innovative solution, using well-known technology and commercially available equipment, aims to transform gas companies from obstacles to accelerators in the shift towards electrification. An independent feasibility study projects that this method would result in lower customer costs and a 90% emission reduction by 2050. The organization has initiated demonstration projects in various locations, including Framingham and Lowell in Massachusetts, and is also inspiring gas utilities in other states to adopt this technology. Home Energy Efficiency Team Inc has also secured funding as part of an environmental settlement to improve air quality and respiratory health in three Boston communities, namely Dorchester, Roxbury, and Charlestown/East Boston. Through their EJ-Air program, they are collaborating with local leaders and organizations to help residents reduce energy use and energy bills, preparing homes for a transition from gas to electricity for heating and cooking.
Official website here: www.heet.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating.
Home Energy Efficiency Team Inc has achieved a strong 90% score, indicating a high level of performance in accountability and finance, impact, and measurement. The organization boasts a notable Leadership & Adaptability score of 100, showcasing its effective governance and strategic direction. With 100% independent board members, it highlights a committed and unbiased management approach, which is critical for maintaining transparency and integrity.
The charity maintains a solid program expense ratio of 70.20%, indicating that a significant portion of its resources is directed towards its programs. However, there are some areas noted for improvement, such as the absence of a whistleblower policy and document retention procedures. While these gaps do not detract significantly from its overall performance, addressing them could further enhance its operational integrity and effectiveness.
Overall, Home Energy Efficiency Team Inc demonstrates a strong commitment to its mission of improving energy efficiency and advancing environmental justice. Its strategic goals align well with current needs in the sector, particularly regarding the transition from gas to thermal utilities. Addressing the noted limitations would strengthen its accountability framework and overall impact.
This AI summary has been generated from information found on Charity Navigator.
Is Home Energy Efficiency Team Inc legitimate?
Home Energy Efficiency Team Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Home Energy Efficiency Team 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: $176,544
Professional Fundraising Fees: $0
Other Salaries and Wages: $534,934
For more financial information, click here
Official website here: www.heet.org
What is the mission statement of Home Energy Efficiency Team Inc?
Home Energy Efficiency Team Inc's mission is centered around reducing carbon emissions by accelerating the transition to renewable energy sources. They have developed a networked ground source heat pump system, which can be installed by gas companies in their right-of-way, transforming these companies into catalysts for change. This solution, using commercially available equipment, amplifies benefits similar to how the internet amplifies computer capabilities. An independent feasibility study projects that this system could result in lower customer costs and a significant emission reduction by 2050. The organization has initiated demonstration projects in various locations and is collaborating with policymakers to standardize and share pilot results. Their research project, Learning from the Ground Up, aims to develop tools to scale this technology throughout the state, potentially creating a pathway for decarbonizing natural gas heating across the country. Additionally, Home Energy Efficiency Team Inc. received funding to help communities reduce energy use and energy bills, transitioning homes off gas for heating and cooking, as part of their EJ-AIR program.
Official website here: www.heet.org
Who is the CEO of Home Energy Efficiency Team Inc?
Audrey Schulman is the Clerk of Home Energy Efficiency Team Inc.
Official website here: www.heet.org
What is the revenue of Home Energy Efficiency Team Inc?
Home Energy Efficiency Team Inc's revenue in 2022 was $1,763,681.
Official website here: www.heet.org
Who are the executives of Home Energy Efficiency Team Inc and what are their salaries?
The average compensation at Home Energy Efficiency Team Inc during 2022 was $54,729. There are 13 employees and 4 volunteers at Home Energy Efficiency Team Inc.
Here are 9 key members and their salaries:
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- Compensation: $80,672
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- Other: $7,813
- Compensation: $80,672
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- Other: $93
Official website here: www.heet.org
Where can I find the form 990 for Home Energy Efficiency Team Inc?
Home Energy Efficiency Team Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.heet.org
Learn more at the official website: www.heet.org
Mission Statement of Home Energy Efficiency Team Inc
Home Energy Efficiency Team, Inc., is dedicated to reducing carbon emissions at an accelerated pace by driving systems change. Their mission is to transform the current energy shift towards electrification, which is occurring too slowly and insufficiently. To achieve this goal, they have designed a networked ground source heat pump system, also known as networked geothermal. This innovative solution can be installed and owned by gas companies in their right-of-way in the street, thereby transforming these companies from obstacles into catalysts for change.
Their proposed networked geothermal system utilizes well-known technology and commercially available equipment. By interconnecting these systems, they amplify the benefits, similar to how the Internet enhances the capabilities of a single computer. An independent feasibility study projects that, compared to gas, networked geothermal would result in lower customer costs and a 90% emission reduction by 2050 as the electric grid continues to incorporate more renewable energy sources.
Home Energy Efficiency Team, Inc., has initiated several demonstration projects to showcase the effectiveness of this technology. For instance, Eversource Gas has begun installation in its gas territory in Framingham, and National Grid has received permission to build four demonstration projects, with the first one scheduled to begin installation in 2023 in Lowell. Gas utilities in various states are also moving forward with installations or feasibility studies.
The organization is also educating policymakers about the potential of networked geothermal and has established a research and evaluation team to standardize and share pilot results. Their research project, Learning from the Ground Up (LEGUP), will collect information from the first utility-led installations of networked geothermal systems in Massachusetts and develop technical, scientific, equity, and economic tools to facilitate the scaling of this technology throughout the state.
In addition to their efforts in reducing carbon emissions, Home Energy Efficiency Team, Inc., also received funding as part of an environmental settlement in 2020 to improve air quality and respiratory health in three Boston communities. They are working with local community leaders and organizations in Dorchester, Roxbury, and Charlestown/East Boston to help residents reduce energy use, lower energy bills, and prepare homes to transition from gas to electricity for heating and cooking. This program, named EJ-AIR, combines the environmental justice (EJ) and air quality (AIR) initiatives.
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Impact
July, 2024
Home Energy Efficiency Team Inc's impact is significant in driving systems change to cut carbon emissions. Through their innovative approach of creating a networked ground source heat pump system, they are transforming gas companies from obstacles to accelerators in the transition to renewable energy. This solution has the potential to result in lower customer costs and a substantial 90% emission reduction by 2050. Their work has already influenced major gas utilities to begin installation of demonstration projects, with plans in multiple states to move forward on installations or feasibility studies. Additionally, they are actively engaging with policymakers to educate them on these issues and have established a research team to standardize and share pilot results. This effort not only has the potential to decarbonize natural gas heating throughout the country but also aims to provide equitable access to renewable heat for customers, ultimately driving the necessary electrification at the required speed and scale. Moreover, the organization's EJ-Air program is working towards improving air quality and respiratory health in marginalized Boston communities by helping residents reduce energy use and transition off gas to electricity for heating and cooking, emphasizing environmental justice and the importance of clean air for all.
This information is meant to be a general summary of Home Energy Efficiency Team 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.
- Program Service Revenue: $4,440
- Gross Receipts: $1,763,681
Assets and Liabilities:
- Total Assets: $1,743,592
- Total Liabilities: $111,001
- Net Assets: $1,632,591
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$4,440
Organization Details
Founding Year
2009
Phone
(516) 900-4338Principal Officer
Audrey Schulman
Main Address
50 MILK STREET 16TH FLOOR, BOSTON, MA, 02109
Website
www.heet.orgNTEE Category
Code: L81 - Housing
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