Overview
What is Energy For The Common Good Inc?
Energy For The Common Good Inc, based in Concord, Massachusetts, is a nonprofit organization that focuses on promoting the acceptance of fusion energy as a crucial part of a clean energy economy. With a team experienced in fields such as government relations, academic and non-profit operations, energy research, climate outreach, and utility-scale project development, they aim to bridge the gap between renewable energy and fossil fuel consumption to combat climate change. Their goal is to launch a coordinated campaign to prepare the future market for fusion energy. The organization primarily educates non-governmental organizations on the public benefits of ubiquitous energy, seeking to build awareness and support for fusion energy. They believe that fusion energy has the potential to significantly alter the fight against climate change, but only if implementation begins now on an accelerated, strategic roadmap to support the development, adoption, and expansion of this zero-carbon, dense, and efficient power source. Through a targeted "hearts and minds" campaign, Energy For The Common Good Inc plans to develop a social and economic engagement strategy to lay the groundwork for the future of fusion energy. By engaging NGOs, industry, government, scientists, and individuals, they aim to ensure that the means for rapid development and deployment are in place well before the first commercial fusion devices are built. Their network and experience enable them to provide the necessary structures to connect fusion stakeholders, setting the stage for broad acceptance of fusion as a means for actionable collaboration within energy planning that is essential to the rollout of fusion energy across all relevant power segments, growing fusion's markets with public support.
Official website here: www.energycommongood.org
What are the reviews and ratings of this charity?
Charity Navigator rates Energy For The Common Good Inc at 66%, which corresponds to a Two-Star out of Four Star rating. This score reflects the charity's overall performance in accountability and finance, indicating areas of strength but also highlighting notable shortcomings.
The organization demonstrates good governance practices, with a board comprising 83% independent members and strong oversight mechanisms, as shown by perfect scores for its audit and oversight committee, conflict of interest policy, and whistleblower policy. These factors suggest a commitment to ethical management and transparency.
However, the charity has significant weaknesses in its financial health, particularly in its liabilities to assets ratio and program expense ratio. These issues may raise concerns about its sustainability and the efficiency of its spending on programs. Furthermore, the absence of its tax form on the nonprofit's website is a drawback in terms of transparency that could impact donor trust.
This AI summary has been generated from information found on Charity Navigator.
Is Energy For The Common Good Inc legitimate?
Energy For The Common Good Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Energy For The Common Good 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: $467,537
Professional Fundraising Fees: $17,554
Other Salaries and Wages: $219,426
For more financial information, click here
Official website here: www.energycommongood.org
What is the mission statement of Energy For The Common Good Inc?
Energy For The Common Good Inc's mission is to educate non-governmental organizations about the public benefits of ubiquitous fusion energy. The organization aims to advocate for the acceptance of fusion energy as an integral part of a clean energy economy, addressing the persistent gap between renewable and fossil energy usage. Their goal is to launch a coordinated campaign to prepare markets for fusion energy's future. With a team of experts in government relations, academic and non-profit operations, energy research, climate outreach, and utility scale project development, they are well-equipped to build support for fusion energy. The organization believes that fusion energy is a necessity for mitigating climate change and is working to develop a social and economic engagement strategy for the future of fusion energy. Their ultimate aim is to ensure the means for rapid development and deployment are in place before the first commercial fusion devices are built, thus altering the fight against climate change.
Official website here: www.energycommongood.org
Who is the CEO of Energy For The Common Good Inc?
Jane Hotchkiss is the President of Energy For The Common Good Inc.
Official website here: www.energycommongood.org
What is the revenue of Energy For The Common Good Inc?
Energy For The Common Good Inc's revenue in 2022 was $1,256,125.
Official website here: www.energycommongood.org
Who are the executives of Energy For The Common Good Inc and what are their salaries?
The average compensation at Energy For The Common Good Inc during 2022 was $137,393. There are 5 employees at Energy For The Common Good Inc.
Here are 9 key members and their salaries:
- Compensation: $249,167
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- Compensation: $179,351
- Related: $0
- Other: $7,397
- Compensation: $110,798
- Related: $0
- Other: $7,397
Official website here: www.energycommongood.org
Where can I find the form 990 for Energy For The Common Good Inc?
Energy For The Common Good Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.energycommongood.org
Learn more at the official website: www.energycommongood.org
Mission Statement of Energy For The Common Good Inc
Energy For The Common Good Inc, a nonprofit organization, is dedicated to educating non-governmental organizations about the public benefits of ubiquitous energy, particularly fusion energy. The organization's mission is to advocate for the integration of fusion energy as a key component of a clean energy economy. With a history of responding to an advancing climate change timeline, Energy For The Common Good Inc aims to fill the persistent gap between renewable energy and fossil fuel dominance in the expanding energy needs of the world.
The organization believes that fusion energy, with its potential to significantly alter the fight against climate change, should be prioritized for implementation. To achieve this, Energy For The Common Good Inc has launched a targeted campaign to prepare the future market for fusion energy. The organization's team, with expertise in government relations, academic and non-profit operations, energy research, climate outreach, and utility-scale project development, is confident in the ability of fusion to replace fossil fuel demands.
Energy For The Common Good Inc's campaign involves developing a social and economic engagement strategy that will lay the groundwork for the future of fusion energy. The organization is engaging NGOs, industry, government, scientists, and individuals to build awareness and support for fusion energy, ensuring that the means for rapid development and deployment are in place before the first commercial fusion devices are built. The organization plays a pivotal role in setting the stage for broad acceptance of fusion, facilitating actionable collaboration within energy planning that is essential to the rollout of fusion energy across all relevant power segments, and growing fusion's markets with public support.
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Impact
June, 2024
Energy For The Common Good Inc's impact lies in advancing the acceptance of fusion energy as a crucial component of a clean energy economy. By leveraging their experienced team in various fields related to energy, climate, and policy, they are spearheading a targeted campaign to garner support for fusion energy among NGOs, industry stakeholders, government entities, scientists, and the general public. Their efforts are aimed at laying the groundwork for the rapid development and deployment of fusion energy, which has the potential to significantly combat climate change. Through building awareness, fostering collaboration, and creating necessary structures, Energy For The Common Good Inc is playing a pivotal role in driving the adoption of fusion energy across various power segments, ultimately expanding its markets with public support.
This information is meant to be a general summary of Energy For The Common Good 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: -$3,125
- Gross Receipts: $1,744,861
Assets and Liabilities:
- Total Assets: $432,926
- Total Liabilities: $43,974
- Net Assets: $388,952
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Organization Details
Founding Year
2020
Phone
(978) 591-6829Principal Officer
Jane Hotchkiss
Main Address
150 BAKER AVE EXT 301, CONCORD, MA, 01742
Website
www.energycommongood.orgNTEE Category
Code: C99 - Environment
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