Overview
What is Gridlab Inc?
Gridlab Inc, situated in Berkeley, California, is a compact yet impactful organization with a team of four dedicated professionals. Their primary mission revolves around providing technical expertise related to the power grid, aiming to bolster policy decisions and expedite the transition towards a future that is reliable, cost-effective, and low in carbon emissions. By doing so, they contribute significantly to ensuring a sustainable and efficient energy landscape.
Official website here: www.gridlab.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 82% (Three-Star out of Four Star rating)
Gridlab Inc has received a Three-Star rating from Charity Navigator, reflecting a solid performance in its accountability and finance practices. With an overall score of 82%, the organization demonstrates a commitment to transparency, evidenced by a fully independent board and robust measures against material asset diversion.
However, there are notable weaknesses in certain areas, particularly concerning financial oversight and governance policies. The organization scored poorly on its audit of financial statements and lacks specific policies for whistleblowing and document retention, which could raise concerns about long-term governance and operational practices. Despite these limitations, Gridlab Inc maintains a high program expense ratio, indicating that a significant majority of its funds are allocated directly to its programs.
Overall, while Gridlab Inc shows strengths in several accountability measures, potential donors and stakeholders should consider addressing the identified weaknesses to enhance its governance framework and overall effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Gridlab Inc legitimate?
Gridlab Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gridlab 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: $257,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $344,230
For more financial information, click here
Official website here: www.gridlab.org
What is the mission statement of Gridlab Inc?
GridLab Inc's mission revolves around offering specialized technical grid knowledge to aid in policy decisions. Their aim is to facilitate a swift transition towards a dependable, economically viable, and low-carbon future. Essentially, they strive to contribute to informed policy-making that promotes a sustainable and efficient energy system.
Official website here: www.gridlab.org
Who is the CEO of Gridlab Inc?
Ric O'Connell is the President & Ed of Gridlab Inc.
Official website here: www.gridlab.org
What is the revenue of Gridlab Inc?
Gridlab Inc's revenue in 2022 was $4,907,913.
Official website here: www.gridlab.org
Who are the executives of Gridlab Inc and what are their salaries?
The average compensation at Gridlab Inc during 2022 was $150,462. There are 4 employees and 4 volunteers at Gridlab Inc.
Here are 6 key members and their salaries:
- Compensation: $238,405
- Related: $0
- Other: $18,613
- Compensation: $180,200
- Related: $0
- Other: $9,758
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gridlab.org
Where can I find the form 990 for Gridlab Inc?
Gridlab Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.gridlab.org
Learn more at the official website: www.gridlab.org
Mission Statement of Gridlab Inc
GridLab Inc, a leading organization in the field, is dedicated to providing technical grid expertise with the primary aim of enhancing policy decision-making and guaranteeing a swift transition to a dependable, economical, and low-carbon future. By offering their specialized skills in the grid sector, they strive to contribute significantly to the pursuit of a sustainable energy future. GridLab's mission is centered on ensuring that policy decisions are informed by technical grid expertise, thereby facilitating a rapid and successful shift towards a future marked by reliability, affordability, and reduced carbon emissions.
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Impact
June, 2024
Gridlab Inc's impact lies in providing technical grid expertise to enhance policy decision-making and facilitate a swift transition towards a reliable, cost-effective, and low-carbon future. By offering critical insights and guidance in the realm of energy grids, Gridlab plays a crucial role in shaping effective policies that align with the goal of sustainability and environmental conservation. Through its focused mission and expertise, Gridlab contributes significantly to driving positive change in the energy sector towards a more sustainable future.
This information is meant to be a general summary of Gridlab 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: $600
- Program Service Revenue: $157,313
- Gross Receipts: $4,907,913
Assets and Liabilities:
- Total Assets: $2,415,466
- Total Liabilities: $376,553
- Net Assets: $2,038,913
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Consulting fees
Revenue
$157,313
Organization Details
Founding Year
2018
Phone
(415) 305-3235Principal Officer
Ric O'Connell
Main Address
2150 Allston Way Ste 420, Berkeley, CA, 94704
Website
www.gridlab.orgNTEE Category
Code: C35 - Environment
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