Overview
What is Inclusive Prosperity Capital Inc?
Inclusive Prosperity Capital Inc, a Hartford, Connecticut-based nonprofit organization, focuses on reducing government burdens through clean energy investment. Their mission encompasses developing and supporting programs to finance and stimulate demand for clean energy projects, promoting the use of clean energy solutions, educating the public on related topics, and advocating for the reduction of greenhouse gas emissions and the mitigation of climate change impacts. Specifically, their Commercial Solar PPA Fund Program offers solar financing, including Power Purchase Agreements (PPA), to underprivileged commercial, industrial, and nonprofit building owners, aiming to maximize the projected savings associated with solar installations. This initiative is part of their broader vision to protect, promote, and preserve the natural environment.
Official website here: www.inclusiveprosperitycapital.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 70%, Two-Star out of Four Star rating
Inclusive Prosperity Capital Inc received a two-star rating from Charity Navigator, indicating that while the organization has a fair level of accountability and finance management, it falls short in several key areas. The organization boasts an independent board with strong oversight, but its lack of certain policies and transparency measures, such as a whistleblower policy and a document retention policy, raises concerns about its governance practices.
The nonprofit shows a good program expense ratio of 67.94%, which suggests that a significant portion of its expenses is directed toward its mission-related activities. However, the organization's liabilities to assets ratio of 86.36% indicates a concerning level of financial leverage, which could impact sustainability if not managed carefully. This financial stress contrasts with its solid performance in financial statement oversight.
Overall, while Inclusive Prosperity Capital Inc has some strengths, particularly in board independence and financial oversight, it needs to enhance its governance policies and improve transparency to achieve a higher rating. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Inclusive Prosperity Capital Inc legitimate?
Inclusive Prosperity Capital Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Inclusive Prosperity Capital 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: $1,221,731
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,487,028
For more financial information, click here
Official website here: www.inclusiveprosperitycapital.org
What is the mission statement of Inclusive Prosperity Capital Inc?
The mission of Inclusive Prosperity Capital Inc is focused on reducing government burdens and preserving the natural environment. This is achieved by developing and supporting clean energy investment programs for various sectors, promoting the use and efficiency of clean energy, and advocating for sustainable, healthy, and resilient building systems and infrastructure. The organization aims to educate the public about these topics and works towards reducing greenhouse gas emissions, mitigating the effects of climate change, and achieving positive environmental impacts, including those leading to better health outcomes.
Official website here: www.inclusiveprosperitycapital.org
Who is the CEO of Inclusive Prosperity Capital Inc?
Mark Debonee is the Chief Executive Officer of Inclusive Prosperity Capital Inc. The CEO's salary of Inclusive Prosperity Capital Inc is $246,397 and their total compensation is $306,446.
Official website here: www.inclusiveprosperitycapital.org
What is the revenue of Inclusive Prosperity Capital Inc?
Inclusive Prosperity Capital Inc's revenue in 2022 was $2,852,814.
Official website here: www.inclusiveprosperitycapital.org
Who are the executives of Inclusive Prosperity Capital Inc and what are their salaries?
Here are 14 key members and their salaries (Inclusive Prosperity Capital Inc's CEO's salary is $246,397 and their total compensation is $306,446):
- Compensation: $246,397
- Related: $0
- Other: $60,049
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $132,569
- Related: $0
- Other: $33,890
- Compensation: $221,885
- Related: $0
- Other: $9,916
- Compensation: $199,978
- Related: $0
- Other: $13,751
- Compensation: $222,207
- Related: $0
- Other: $42,105
- Compensation: $184,641
- Related: $0
- Other: $39,332
- Compensation: $150,139
- Related: $0
- Other: $36,226
- Compensation: $132,624
- Related: $0
- Other: $15,959
- Compensation: $105,060
- Related: $0
- Other: $14,055
- Compensation: $133,560
- Related: $0
- Other: $15,776
Official website here: www.inclusiveprosperitycapital.org
Where can I find the form 990 for Inclusive Prosperity Capital Inc?
Inclusive Prosperity Capital Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.inclusiveprosperitycapital.org
Learn more at the official website: www.inclusiveprosperitycapital.org
Mission Statement of Inclusive Prosperity Capital Inc
Inclusive Prosperity Capital Inc, a nonprofit organization, is dedicated to alleviating government burdens and protecting the natural environment. The organization's primary purpose is to achieve this by means of clean energy investment, focusing on residential, municipal, small business, and commercial projects.
To fulfill its mission, Inclusive Prosperity Capital Inc develops and supports programs aimed at financing and stimulating demand for clean energy investments. By promoting the use, availability, efficiency, affordability, and quality of clean energy, energy efficiency, sustainable, healthy, and resilient building systems and infrastructure, the organization aims to derive social and economic benefits.
Moreover, the nonprofit undertakes public education initiatives regarding clean energy and sustainable building systems, aiming to inform and raise awareness among the public. Additionally, Inclusive Prosperity Capital Inc works towards the reduction of greenhouse gas emissions, mitigating the adverse effects of climate change, and achieving positive environmental impacts, including those leading to better health outcomes.
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Impact
June, 2024
Inclusive Prosperity Capital Inc is actively working to lessen the burdens of government through clean energy investment, particularly focused on commercial solar projects. Their Commercial Solar PPA Fund Program offers solar financing, including Power Purchase Agreements (PPA), to underserved commercial, industrial, and building owners in order to maximize projected savings associated with solar installations. By promoting and supporting clean energy investment in various sectors, IPC is contributing to the reduction of greenhouse gas emissions, promoting sustainable and resilient building structures, and achieving positive environmental impacts. Their efforts align with their mission to protect, promote, and preserve the natural environment while stimulating demand for clean energy solutions.
This information is meant to be a general summary of Inclusive Prosperity Capital 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: $126,613
- Program Service Revenue: $2,360,625
- Gross Receipts: $2,852,814
Assets and Liabilities:
- Total Assets: $26,020,334
- Total Liabilities: $22,472,487
- Net Assets: $3,547,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SMART E LOAN PROGRAM
Revenue
$1,740,058
SOLAR RENEWABLE ENERGY
Revenue
$375,640
POWER PURCHASE AGREEME
Revenue
$205,231
Organization Details
Founding Year
2018
Phone
(203) 433-5060Principal Officer
Mark Debonee
Main Address
75 CHARTER OAK AVENUE SUITE 1-103, HARTFORD, CT, 06106
NTEE Category
Code: C20 - Environment
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