Overview
What is New Partners Community Solar Corp?
New Partners Community Solar Corp is a charitable organization based in Washington, D.C., with a mission to make energy accessible for low-income individuals and families. They achieve this by developing and demonstrating a model that provides free electricity, leveraging community solar laws. The corporation's objectives also encompass educating the community about the benefits of solar and other renewable energy sources, such as climate resilience, pollution reduction, and improved health. Furthermore, New Partners Community Solar Corp actively promotes local economic development by fostering solar facilities in underprivileged neighborhoods, with a current workforce of one dedicated individual.
Official website here: www.npsolar.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (57%)
New Partners Community Solar Corp has received a One-Star rating from Charity Navigator, indicating concerns primarily in its accountability and financial practices. The overall score is based solely on a single beacon score, which reflects issues in the organization's financial health, particularly the program expense ratio of nearly 48%, suggesting less of its budget is allocated to program services.
Despite these financial challenges, the organization showcases strong governance practices, with a fully independent board and no material diversion of assets reported. They also have several solid policies in place, including conflict of interest and whistleblower policies, which are indicative of a commitment to transparency and ethical operations. However, the absence of key financial documents, such as the tax form on the nonprofit's website, raises questions about accessibility and financial transparency.
Overall, while New Partners Community Solar Corp demonstrates excellent governance components, the low financial score and missing critical documents highlight significant areas for improvement. Stakeholders might consider these factors carefully when assessing the nonprofit's overall effectiveness and potential for future growth.
This AI summary has been generated from information found on Charity Navigator.
Is New Partners Community Solar Corp legitimate?
New Partners Community Solar Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Partners Community Solar Corp 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: $66,000
For more financial information, click here
Official website here: www.npsolar.org
What is the mission statement of New Partners Community Solar Corp?
New Partners Community Solar Corp was established as a charitable organization with a mission to provide energy access to low-income individuals and families. This is achieved through the development of solar facilities, leveraging community solar laws, which in turn enables the provision of free electricity to those in need. The organization also aims to educate the community about the benefits of solar and other renewable energy sources, such as climate resilience, pollution reduction, and improved health. Additionally, New Partners Community Solar Corp promotes local economic development by fostering the establishment of solar facilities in low-income neighborhoods.
Official website here: www.npsolar.org
Who is the CEO of New Partners Community Solar Corp?
Herbert F Stevens is the CEO of New Partners Community Solar Corp The CEO's salary of New Partners Community Solar Corp is $0 and their total compensation is $0.
Official website here: www.npsolar.org
What is the revenue of New Partners Community Solar Corp?
New Partners Community Solar Corp's revenue in 2023 was $154,841.
Official website here: www.npsolar.org
Who are the executives of New Partners Community Solar Corp and what are their salaries?
The average compensation at New Partners Community Solar Corp during 2023 was $66,000. There is 1 employee and 6 volunteers at New Partners Community Solar Corp.
Here are 10 key members and their salaries (New Partners Community Solar Corp's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.npsolar.org
Where can I find the form 990 for New Partners Community Solar Corp?
New Partners Community Solar Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.npsolar.org
Learn more at the official website: www.npsolar.org
Mission Statement of New Partners Community Solar Corp
New Partners Community Solar Corp was established as a charitable organization with a unique mission. Their primary objective is to provide access to sustainable energy sources, specifically free electricity, to low-income individuals and families. They achieve this goal by developing solar facilities that adhere to community solar laws. This model not only offers a solution to energy affordability issues but also serves as an educational platform, promoting the benefits of solar energy and other renewable sources.
The organization goes beyond just providing energy. They aim to educate the community about the advantages of solar power, emphasizing its role in climate resilience, pollution reduction, and improved public health. By promoting the development of solar facilities in low-income neighborhoods, New Partners Community Solar Corp also contributes to local economic growth. Their mission is to foster a sustainable and equitable energy future, ensuring that everyone has access to clean and affordable energy.
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Impact
July, 2024
New Partners Community Solar Corp's impact lies in providing free electricity to low-income individuals and families through the development of solar facilities that operate under community solar laws. Additionally, they play a crucial role in educating the community about the benefits of solar and other renewable energy sources, including their impact on climate resiliency, pollution reduction, and overall health. Moreover, by fostering solar facilities in low-income neighborhoods, they contribute to local economic development.
This information is meant to be a general summary of New Partners Community Solar Corp. 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.
- Program Service Revenue: $19,442
- Gross Receipts: $154,841
Assets and Liabilities:
- Total Assets: $2,844,089
- Total Liabilities: $0
- Net Assets: $2,844,089
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EPC REVENUE
Revenue
$9,903
OTHER INCOME
Revenue
$9,539
Organization Details
Founding Year
2016
Principal Officer
Jeffrey S Lesk
Website
www.npsolar.orgNTEE Category
Code: S12 - Community improvement
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