Overview
What is Africa Minigrid Developers Association Inc?
Africa Minigrid Developers Association Inc, based in Lewes, Delaware, serves as a consensus organization for decentralized utility stakeholders in Africa. Their primary mission is to advocate for enabling environments for minigrids, addressing financing and regulatory structures. The association conducts research, analysis, and provides insights to drive sectoral growth and overcomes major barriers in building optimal energy networks for African communities. They establish, evaluate, and promote financial, business, and policy solutions, acquire and disseminate data, advise on research design, and contribute to research outputs. AMDA also supports additional researchers interested in utilizing published data, disseminates findings internationally and at the national level, and links researchers to key stakeholders in the private sector, governments, and financial communities. Their ultimate goal is to build an optimal energy network based on innovative and adaptive clean technology that meets the needs of African economies and citizens.
Official website here: www.africamda.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Star Rating.
The Africa Minigrid Developers Association Inc has achieved a solid 85% rating, reflecting its strong commitment to accountability and financial health. The organization has a fully independent board, with 100% of its members being independent, and demonstrates diligent governance practices, including a comprehensive conflict of interest policy and transparency in its financial reporting.
Financially, the association showcases a robust program expense ratio of 85.62%, indicating that a significant portion of its resources is allocated to its core mission. The organization also maintains a low liabilities to assets ratio of 2.31%, which reflects its stability and sound financial management. Overall, these strengths contribute to the nonprofit's operational credibility and effectiveness in its mission.
While the organization has demonstrated commendable practices, continuous monitoring of its operational impact and program effectiveness will be essential for long-term success. Overall, the Africa Minigrid Developers Association Inc appears to be a reliable entity in the nonprofit sector with a strong focus on governance and financial integrity.
This AI summary has been generated from information found on Charity Navigator.
Is Africa Minigrid Developers Association Inc legitimate?
Africa Minigrid Developers Association Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Africa Minigrid Developers Association 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: $126,150
Professional Fundraising Fees: $0
Other Salaries and Wages: $72,671
For more financial information, click here
Official website here: www.africamda.org
What is the mission statement of Africa Minigrid Developers Association Inc?
Africa Minigrid Developers Association Inc, as an advocacy organization, aims to establish an optimal energy network based on innovative and adaptive clean technology. This network is designed to meet the needs of African economies and citizens. The association works with various stakeholders, including donors, financiers, policy-makers, governments, and others, to build the decentralized utility sector in Africa and ensure universal electrification for everyone on the continent. AMDA provides research and analysis for sectoral growth and advocates for enabling environments for minigrids, including financing and regulatory structures, in Africa. The organization establishes, evaluates, and promotes key financial, business, and policy solutions to overcome the major barriers of building optimal energy networks for African communities. AMDA's activities include acquiring, organizing, and disseminating data, advising on research design, linking researchers to key stakeholders in the private sector, governments, and financial communities, and disseminating findings internationally and at the national level.
Official website here: www.africamda.org
Who is the CEO of Africa Minigrid Developers Association Inc?
Grace Perkins is the Secretary of Africa Minigrid Developers Association Inc. The CEO's salary of Africa Minigrid Developers Association Inc is $126,150 and their total compensation is $134,202.
Official website here: www.africamda.org
What is the revenue of Africa Minigrid Developers Association Inc?
Africa Minigrid Developers Association Inc's revenue in 2022 was $583,600.
Official website here: www.africamda.org
Who are the executives of Africa Minigrid Developers Association Inc and what are their salaries?
The average compensation at Africa Minigrid Developers Association Inc during 2022 was $198,821. There is 1 employee at Africa Minigrid Developers Association Inc.
Here are 9 key members and their salaries (Africa Minigrid Developers Association Inc's CEO's salary is $126,150 and their total compensation is $134,202):
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- Compensation: $126,150
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- Other: $8,052
Official website here: www.africamda.org
Where can I find the form 990 for Africa Minigrid Developers Association Inc?
Africa Minigrid Developers Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.africamda.org
Learn more at the official website: www.africamda.org
Mission Statement of Africa Minigrid Developers Association Inc
Africa Minigrid Developers Association (AMDA) is an advocacy organization that focuses on promoting off-grid renewable energy utilities in Africa. Its mission is to build an optimal energy network based on innovative and adaptive clean technology, catering to the needs of African economies and citizens. AMDA works with various stakeholders, including donors, financiers, policy-makers, governments, and other organizations, to develop the decentralized utility sector in Africa and ensure universal electrification for every individual in Africa.
In essence, AMDA acts as a consensus organization, collaborating with decentralized utility stakeholders. It provides research and analysis for sectoral growth, advocating for enabling environments for minigrids throughout Africa, including financing and regulatory structures. AMDA also identifies, evaluates, and promotes key financial, business, and policy solutions to overcome the major barriers of building optimal energy networks for African communities. Its activities include acquiring, organizing, and disseminating data, advising on research design, linking researchers to key stakeholders in the private sector, governments, and financial communities, and contributing to research outputs. AMDA disseminates its findings internationally and at the national level, supporting additional researchers interested in utilizing the published data.
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Impact
July, 2024
Africa Minigrid Developers Association Inc's impact lies in its efforts to advance the adoption of clean technology and innovate energy solutions in African economies. By acting as a consensus organization with decentralized utility stakeholders, AMDA provides crucial research, analysis, and advocacy to donors and governments. This advocacy work is instrumental in creating enabling environments for minigrids across Africa, addressing financing challenges, and shaping regulatory frameworks.
Through its activities of acquiring, organizing, and disseminating data, advising on research design, and linking researchers to key stakeholders in the public and private sectors, AMDA plays a vital role in facilitating the growth of the off-grid renewable energy sector. By promoting key financial, business, and policy solutions, the organization contributes to overcoming major barriers in building optimal energy networks for African communities.
Overall, Africa Minigrid Developers Association Inc's impactful work supports universal electrification efforts in Africa, contributes to sustainable development, and works towards ensuring that clean and reliable energy is accessible to all citizens across the continent.
This information is meant to be a general summary of Africa Minigrid Developers Association 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: $583,600
Assets and Liabilities:
- Total Assets: $627,606
- Total Liabilities: $66,308
- Net Assets: $561,298
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Organization Details
Founding Year
2018
Phone
(303) 979-9312Principal Officer
Grace Perkins
Main Address
16192 COASTAL HIGHWAY, LEWES, DE, 19958
Website
www.africamda.orgNTEE Category
Code: W80 - Public benefit
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