Overview
What is Triple Bottom Line Foundation?
Triple Bottom Line Foundation, based in Denver, Colorado, is a nonprofit organization dedicated to financing clean energy projects in multifamily affordable housing. Their mission encompasses preserving affordable housing, creating local job opportunities, and addressing climate change, all while reaping social, economic, and environmental benefits. Specifically, they focus on the development and management of energy services, primarily energy efficiency and renewable energy generation services, with the aim of improving the sustainability of these properties. The organization employs a staff of eight individuals.
Official website here: www.icastusa.org/triple-bottom-line-foundation/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 82% (Three-Star out of Four Stars)
The Triple Bottom Line Foundation has received a Three-Star rating from Charity Navigator, reflecting its strong performance in accountability and finance. The foundation's overall score of 82% is derived entirely from its accountability metrics, indicating a solid commitment to transparency and responsible governance practices.
One of the notable strengths of the foundation includes a fully independent board, with all ten members free from conflicts of interest. Additionally, the organization demonstrates excellent financial stewardship, with a program expense ratio of 93.02%, suggesting that a significant majority of its funds are directed toward its programs and services rather than administrative costs.
While the foundation performs well in various assessed categories, the overall rating indicates room for improvement. Future efforts to enhance organizational practices and further engage with the community could help elevate its standing even more among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Triple Bottom Line Foundation legitimate?
Triple Bottom Line Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Triple Bottom Line Foundation 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: $19,144
Professional Fundraising Fees: $0
Other Salaries and Wages: $231,688
For more financial information, click here
Official website here: www.icastusa.org/triple-bottom-line-foundation/
What is the mission statement of Triple Bottom Line Foundation?
The Triple Bottom Line Foundation aims to finance the development and management of energy services, specifically energy efficiency and renewable energy generation services, for the preservation of multifamily affordable housing. By investing in the foundation, clean energy projects for affordable housing can be supported, leading to numerous benefits such as preserving affordable housing, creating local jobs, and addressing climate change. The organization's mission encompasses a broader scope, addressing social, economic, and environmental concerns, thereby contributing to a more sustainable future.
Official website here: www.icastusa.org/triple-bottom-line-foundation/
Who is the CEO of Triple Bottom Line Foundation?
Ravi Malhotra is the Board Chair of Triple Bottom Line Foundation.
Official website here: www.icastusa.org/triple-bottom-line-foundation/
What is the revenue of Triple Bottom Line Foundation?
Triple Bottom Line Foundation's revenue in 2022 was $304,144.
Official website here: www.icastusa.org/triple-bottom-line-foundation/
Who are the executives of Triple Bottom Line Foundation and what are their salaries?
The average compensation at Triple Bottom Line Foundation during 2022 was $31,354. There are 8 employees at Triple Bottom Line Foundation.
Here are 8 key members and their salaries:
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Official website here: www.icastusa.org/triple-bottom-line-foundation/
Where can I find the form 990 for Triple Bottom Line Foundation?
Triple Bottom Line Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.icastusa.org/triple-bottom-line-foundation/
Learn more at the official website: www.icastusa.org/triple-bottom-line-foundation/
Mission Statement of Triple Bottom Line Foundation
The Triple Bottom Line Foundation, or TBL Fund, is an organization dedicated to financing the development and management of energy services, with a focus on energy efficiency and renewable energy generation, for the preservation of multifamily affordable housing. Their mission is centered around investing in clean energy projects that not only help preserve affordable housing but also create local job opportunities and address climate change. By financing these projects, TBL Fund aims to deliver a wide range of social, economic, and environmental benefits, contributing significantly towards a more sustainable future.
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Impact
June, 2024
Triple Bottom Line Foundation's impact lies in financing the development and management of energy services, specifically focusing on energy efficiency and renewable energy generation for the preservation of multifamily affordable housing. By investing in TBL Fund, individuals contribute to the preservation of affordable housing, creation of local jobs, and the mitigation of climate change. These investments result in a range of social, economic, and environmental benefits, showcasing the organization's dedication to sustainable development and positive community impact.
This information is meant to be a general summary of Triple Bottom Line Foundation. 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: $154,174
- Program Service Revenue: $57,504
- Gross Receipts: $393,047
Assets and Liabilities:
- Total Assets: $5,087,321
- Total Liabilities: $3,942,418
- Net Assets: $1,144,903
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONSULTING INCOME
Revenue
$39,227
LOAN FEE INCOME
Revenue
$18,277
Organization Details
Founding Year
2001
Phone
(866) 590-4377Principal Officer
Ravi Malhotra
Main Address
7400 W 14TH AVE 101, DENVER, CO, 80214
NTEE Category
Code: C99 - Environment
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