Overview
What is Illinois Ibew Renewable Energy Fund Inc?
Illinois Ibew Renewable Energy Fund Inc is a nonprofit organization situated in Chicago, Illinois. Their primary focus is to empower the next generation of electricians and renewable energy workers, with a goal to boost the adoption of renewable energy systems across the state. They achieve this by collaborating with partner organizations, community colleges, high and junior high schools. These institutions can offer job training, enabling individuals to apply for apprenticeship programs offered by the IBEW throughout Illinois. To engage all stakeholders in the renewable energy industry, the fund organizes trainings for electrical and building inspectors, elected officials, firefighters/first responders, contractors, developers, educators, and the general public. Their mission is to promote the safe, sustainable, and productive growth of renewable energy systems in Illinois through community partnerships, stakeholder engagement, and educational services. With a team of one dedicated individual, they strive to make a significant impact in the renewable energy sector in Illinois.
Official website here: www.ibewref.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars (Needs Improvement, Overall Score: 73%)
The Illinois IBEW Renewable Energy Fund Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in its governance and financial accountability practices. While the organization demonstrates a strong commitment to program expenses, with an impressive program expense ratio of 88.31%, critical areas such as board independence and certain essential policies are notably lacking. The board currently has no independent members, which could potentially impact the effectiveness of oversight.
In terms of financial oversight, the fund has been recognized for its robust audit and oversight committee and the absence of material asset diversions. However, several governance policies are missing, including a whistleblower policy and a document retention policy, which are vital for transparency and accountability. The absence of independent board members raises concerns about the decision-making process and the organization's adherence to best practices in governance.
Overall, while the Illinois IBEW Renewable Energy Fund Inc shows strengths in its financial management and program implementation, addressing its governance shortcomings will be essential for enhancing its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Illinois Ibew Renewable Energy Fund Inc legitimate?
Illinois Ibew Renewable Energy Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Illinois Ibew Renewable Energy Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,518
For more financial information, click here
Official website here: www.ibewref.org/
What is the mission statement of Illinois Ibew Renewable Energy Fund Inc?
The Illinois IBEW Renewable Energy Fund promotes the safe, productive, and sustainable growth of renewable energy systems in Illinois through community partnerships, stakeholder engagement, and educational services. The fund has developed a craft apprenticeship program to empower the next generation of electricians and renewable energy workers, with a goal to increase the adoption of renewable energy systems. Partner organizations, community colleges, high and junior high schools will have the opportunity to offer specific job training, enabling individuals to apply and enter into IBEW apprenticeship programs across the state. To address all stakeholders in the renewable energy industry, the fund facilitates trainings for electrical and building inspectors, elected officials, firefighters/first responders, contractors, developers, educators, and the general public.
Official website here: www.ibewref.org/
Who is the CEO of Illinois Ibew Renewable Energy Fund Inc?
Robert Hattier is the Vice President of Illinois Ibew Renewable Energy Fund Inc.
Official website here: www.ibewref.org/
What is the revenue of Illinois Ibew Renewable Energy Fund Inc?
Illinois Ibew Renewable Energy Fund Inc's revenue in 2022 was $735,050.
Official website here: www.ibewref.org/
Who are the executives of Illinois Ibew Renewable Energy Fund Inc and what are their salaries?
The average compensation at Illinois Ibew Renewable Energy Fund Inc during 2022 was $11,518. There is 1 employee at Illinois Ibew Renewable Energy Fund Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $152,851
- Other: $73,776
- Compensation: $0
- Related: $151,913
- Other: $76,371
- Compensation: $0
- Related: $187,666
- Other: $76,371
- Compensation: $0
- Related: $151,913
- Other: $76,371
- Compensation: $0
- Related: $151,913
- Other: $76,371
Official website here: www.ibewref.org/
Where can I find the form 990 for Illinois Ibew Renewable Energy Fund Inc?
Illinois Ibew Renewable Energy Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ibewref.org/
Learn more at the official website: www.ibewref.org/
Mission Statement of Illinois Ibew Renewable Energy Fund Inc
The Illinois IBEW Renewable Energy Fund, in its mission, works towards fostering the safe, productive, and sustainable growth of renewable energy systems in Illinois. This is achieved through community partnerships, stakeholder engagement, and educational services. The organization's aim is to empower and engage the next generation of electricians and renewable energy workers, with a special focus on increasing the adoption of renewable energy systems. To accomplish this, the Fund has developed a craft apprenticeship program, which will allow partner organizations, community colleges, high schools, and junior high schools to offer specific job training. Individuals who complete this training can then apply for apprenticeship programs throughout Illinois, provided by the International Brotherhood of Electrical Workers (IBEW).
To cater to all stakeholders involved in the renewable energy industry, the Fund facilitates trainings for electrical and building inspectors, elected officials, firefighters/first responders, contractors, developers, educators, and the general public. By doing so, the Illinois IBEW Renewable Energy Fund aims to promote understanding, support, and collaboration within the renewable energy sector, thereby contributing to its sustainable growth in the state of Illinois.
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Impact
July, 2024
Illinois Ibew Renewable Energy Fund Inc's impact lies in promoting the safe, productive, and sustainable growth of renewable energy systems in Illinois. Through community partnerships, stakeholder engagement, and educational services, the organization is empowering and engaging the next generation of electricians and renewable energy workers. The development of a craft apprenticeship program aims to increase the adoption of renewable energy systems by providing specific job training opportunities to individuals who can then enter IBEW apprenticeship programs throughout the state of Illinois. Additionally, the organization facilitates trainings for various stakeholders in the renewable energy industry, including electrical and building inspectors, elected officials, firefighters/first responders, contractors, developers, educators, and the general public. By focusing on education, training, and partnerships, Illinois Ibew Renewable Energy Fund Inc is making a tangible impact in advancing renewable energy in the state.
This information is meant to be a general summary of Illinois Ibew Renewable Energy Fund 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.
- Gross Receipts: $735,050
Assets and Liabilities:
- Total Assets: $548,543
- Total Liabilities: $35,181
- Net Assets: $513,362
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Organization Details
Founding Year
2017
Phone
(312) 454-1340Principal Officer
Robert Hattier
Main Address
2722 S MARTIN LUTHER KING DR, CHICAGO, IL, 60616
Website
www.ibewref.org/NTEE Category
Code: P20 - Human services
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