Overview
What is Energy Resource Center?
The Energy Resource Center is a Colorado Springs-based nonprofit organization dedicated to delivering energy conservation services and essential repairs for low to moderate income households. Through their weatherization programs, they enhance energy efficiency for qualified residents and educate the community about energy conservation. With a team of 131 employees, the Energy Resource Center is committed to improving the energy efficiency of homes and promoting energy conservation awareness.
Official website here: www.erc-co.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 93% - Four-Star out of Four Star Rating
The Energy Resource Center has achieved a commendable 93% rating from Charity Navigator, reflecting strong performance in accountability and finance. This high score signifies that the organization operates with a high level of transparency and integrity, ensuring that funds are used effectively to support its mission.
Key strengths include an entirely independent board, showing a commitment to governance and oversight, along with rigorous financial practices that have resulted in no material diversion of assets. The organization also boasts a significant program expense ratio of 96.36%, indicating that the majority of its resources are directed towards its programs and services rather than administrative costs.
However, while the overall financial management is sound, there is a slight area of concern regarding the liabilities to assets ratio, which stands at 53.95%. This ratio may warrant further monitoring to ensure financial stability in the long term. Overall, the Energy Resource Center demonstrates a solid commitment to its mission and responsible stewardship of resources.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Energy Resource Center?
100% of 9 reviewers on Facebook recommend this charity. Here is a summary of their reviews:
The Energy Resource Center is highly praised by those who have engaged with the organization. Many users express their gratitude, highlighting the positive impact ERC has had on their lives and the community. The sentiments shared reflect a strong feeling of appreciation for the services provided.
Overall, it is clear that the Energy Resource Center is making a significant difference in the lives of individuals and families. The consistent praise indicates that the nonprofit not only meets the needs of those it serves but also fosters a sense of community support and gratitude.
This AI summary has been generated from reviews found on Facebook.
Is Energy Resource Center legitimate?
Energy Resource Center is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy Resource Center 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: $337,458
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,207,436
For more financial information, click here
Official website here: www.erc-co.org
What is the mission statement of Energy Resource Center?
The Energy Resource Center is dedicated to helping low and moderate income households by providing energy conservation services and necessary repairs. Their mission encompasses two main areas: offering energy conservation solutions to eligible households and educating the community on energy conservation practices. Through their weatherization programs, they have successfully delivered energy conservation services and essential repairs, making homes more energy efficient for those in need. Furthermore, the center extends its services beyond eligible households, providing repair work to enhance overall energy conservation programs.
Official website here: www.erc-co.org
Who is the CEO of Energy Resource Center?
Cory Smith is the Board Chair of Energy Resource Center. The CEO's salary of Energy Resource Center is $189,066 and their total compensation is $201,349.
Official website here: www.erc-co.org
What is the revenue of Energy Resource Center?
Energy Resource Center's revenue in 2022 was $15,197,222.
Official website here: www.erc-co.org
Who are the executives of Energy Resource Center and what are their salaries?
The average compensation at Energy Resource Center during 2022 was $42,327. There are 131 employees at Energy Resource Center.
Here are 12 key members and their salaries (Energy Resource Center's CEO's salary is $189,066 and their total compensation is $201,349):
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- Compensation: $189,066
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- Other: $12,283
- Compensation: $107,734
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- Other: $11,360
- Compensation: $122,717
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- Other: $7,994
Official website here: www.erc-co.org
Where can I find the form 990 for Energy Resource Center?
Energy Resource Center's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.erc-co.org
Learn more at the official website: www.erc-co.org
Mission Statement of Energy Resource Center
The Energy Resource Center, a dedicated nonprofit organization, strives to make a difference in the community by providing energy conservation services and essential repairs for low and moderate income households. Their primary mission is twofold: first, they offer energy conservation services and necessary repairs to improve the energy efficiency of homes for those who need it most; second, they extend their knowledge and expertise to the broader community through education programs.
In practice, the Energy Resource Center implements weatherization programs that cater to low and moderate income households, addressing their energy needs through crucial repairs and energy conservation techniques. Their team provides a range of services, from insulation and air sealing to appliance repair and replacement, ensuring that homes become more energy efficient and cost-effective for their residents.
Beyond assisting individual households, the Energy Resource Center extends its reach by providing energy conservation education to the community at large. Through workshops, seminars, and other outreach initiatives, the organization empowers community members to adopt energy-saving practices and make informed decisions about their energy usage. By combining hands-on assistance with educational opportunities, the Energy Resource Center plays a vital role in promoting energy conservation and reducing energy waste.
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Impact
October, 2024
Energy Resource Center significantly impacts low and moderate-income households by delivering vital energy conservation services and essential repairs. Through its weatherization programs, the organization ensures that homes are better insulated and equipped to reduce energy consumption, leading to lower utility bills for residents. This service not only improves the comfort and safety of living spaces but also contributes to greater energy efficiency within the community.
In addition to direct services, Energy Resource Center plays a crucial role in educating the community about energy conservation practices. By providing information and resources, it empowers individuals and families to make informed decisions that can lead to sustainable energy use and environmental benefits. The organization also offers combustion appliance repair services, further enhancing overall energy conservation efforts.
By focusing on these areas, Energy Resource Center fosters a more sustainable future while directly supporting the economic wellbeing of those it serves, creating a ripple effect of positive change within the Colorado Springs community.
This information is meant to be a general summary of Energy Resource Center. 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: $422
- Program Service Revenue: $878,009
- Gross Receipts: $15,197,222
Assets and Liabilities:
- Total Assets: $6,160,318
- Total Liabilities: $2,170,396
- Net Assets: $3,989,922
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
WEATHERIZATION PROGRAMS
Revenue
$875,479
OTHER
Revenue
$2,530
Organization Details
Founding Year
1979
Phone
(719) 591-0772Principal Officer
Cory Smith
Main Address
540 E CIMARRON, COLORADO SPRINGS, CO, 80903
Website
www.erc-co.orgNTEE Category
Code: L810 - Housing
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