New Energy Nexus Enventure

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 843656302 ✦ Oakland, CA ✦ Designated as a 501(c)(3)

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Overview

What is New Energy Nexus Enventure?

New Energy Nexus Enventure is a nonprofit organization situated in Oakland, California, with the address 436 14TH STREET 1220. Their primary mission is to support rural cooperatives and community-based organizations in Uganda, focusing on clean energy initiatives. They accomplish this by offering seed funding and accelerator programs to entrepreneurs in the clean energy sector, aiming to help them grow their businesses in Uganda. This nonprofit continues to carry out the activities of its predecessor, Enventure, in this capacity.


Official website here: www.enventureenterprises.org/

Is New Energy Nexus Enventure legitimate?

New Energy Nexus Enventure is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Energy Nexus Enventure 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


Official website here: www.enventureenterprises.org/

What is the mission statement of New Energy Nexus Enventure?

New Energy Nexus Enventure's mission is centered around supporting rural cooperatives and community-based organizations in Uganda that are actively engaged in clean energy initiatives. The organization provides seed funding and accelerator programs to entrepreneurs in the clean energy sector, aiming to help them grow their businesses in Uganda. Their objective is to contribute to the expansion of clean energy solutions within these communities, thereby promoting sustainable development.


Official website here: www.enventureenterprises.org/

Who is the CEO of New Energy Nexus Enventure?

Danny Kennedy is the President of New Energy Nexus Enventure.


Official website here: www.enventureenterprises.org/

What is the revenue of New Energy Nexus Enventure?

New Energy Nexus Enventure's revenue in 2022 was $0.


Official website here: www.enventureenterprises.org/

Who are the executives of New Energy Nexus Enventure and what are their salaries?


Here are 13 key members and their salaries:


Ian Rogoff (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jonathan Foster (Secretary/Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michel Gelobter (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sherri Pittman Howard (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fran Pavley (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aneri Pradhan (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chia-Lin Simmons (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Horst Simon (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tom Soto (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
P Kevin Smith (Board Member / Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danny Kennedy (President)
  • Compensation: $0
  • Related: $213,208
  • Other: $35,942
Christina Borsum (Cfo)
  • Compensation: $0
  • Related: $176,460
  • Other: $9,267
Grace Nitafan (Controller)
  • Compensation: $0
  • Related: $127,922
  • Other: $13,046


Official website here: www.enventureenterprises.org/

Where can I find the form 990 for New Energy Nexus Enventure?

New Energy Nexus Enventure's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.enventureenterprises.org/

Learn more at the official website: www.enventureenterprises.org/

Mission Statement of New Energy Nexus Enventure

New Energy Nexus Enventure is committed to supporting rural cooperatives and community-based organizations in Uganda that are working on clean energy initiatives. The organization's mission is to provide these organizations with the necessary resources to scale their clean energy businesses in Uganda. This involves offering seed funding and participating in accelerator programs to help entrepreneurs in the clean energy sector grow their operations. By providing these resources, New Energy Nexus Enventure aims to contribute to the development of sustainable energy solutions in Uganda, ultimately benefiting the local communities and the environment.

In essence, New Energy Nexus Enventure serves as a catalyst for clean energy innovation in Uganda. By supporting rural cooperatives and community-based organizations, it empowers these entities to develop and implement sustainable energy solutions that can positively impact the lives of people in these communities. The organization's strategy of providing seed funding and participating in accelerator programs enables entrepreneurs in the clean energy sector to overcome the challenges of scaling their businesses, thereby contributing to a more sustainable and energy-efficient future.

In conclusion, New Energy Nexus Enventure's mission is to support clean energy initiatives in Uganda by providing rural cooperatives and community-based organizations with the necessary resources to scale their businesses. Through seed funding and accelerator programs, it empowers entrepreneurs in the clean energy sector to overcome the challenges of scaling and contributes to a more sustainable and energy-efficient future for Uganda.

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Impact




October, 2024

New Energy Nexus Enventure has a significant impact on rural cooperatives and community-based organizations in Uganda, focusing on clean energy initiatives. By providing seed funding and accelerator programs, it empowers local entrepreneurs to scale their businesses, fostering sustainable practices within the community. This support not only enhances access to clean energy but also contributes to economic development and environmental sustainability in the region. Through its efforts, New Energy Nexus Enventure is actively facilitating the growth of a clean energy ecosystem, which is crucial for improving the quality of life in rural areas and supporting community resilience.




This information is meant to be a general summary of New Energy Nexus Enventure. 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.

Revenue
$0 (2022)
Expenses
$39,150 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

    Assets and Liabilities:

    • Total Assets: $49,468
    • Total Liabilities: $6,955
    • Net Assets: $42,513

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    Organization Details

    Founding Year

    2019

    Principal Officer

    Danny Kennedy

    Main Address

    436 14TH STREET 1220, OAKLAND, CA, 94612

    NTEE Category

    Code: S43 - Community improvement

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