Overview
What is Lobo Energy Incorporated?
Lobo Energy Incorporated is a non-profit organization established by the Regents of the University of New Mexico in 1998. Its primary purpose is to manage the university's utility infrastructure and provide utility management services, with a focus on energy conservation. Based in Albuquerque, New Mexico, Lobo Energy has upgraded the utility infrastructure on campus and overseen an extensive energy conservation program. The organization is structured to support the University of New Mexico in various contractual services, including financing, operating, improving, and expanding the university's utility services infrastructure. Lobo Energy may also offer assistance in project management, equipment procurement, and regulatory issue monitoring, while promoting long-term technological innovation and sustainable practices. With a workforce of 7 employees, Lobo Energy is committed to helping the University of New Mexico in its efforts towards energy efficiency and sustainable practices.
Official website here: www.lei.unm.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
Lobo Energy Incorporated has received a Three-Star rating from Charity Navigator, reflecting a strong accountability and finance score of 88%. This score is indicative of the organization's commitment to transparency and effective financial management. The majority of the evaluation is weighted towards accountability and finance, which Lobo Energy excels in, showcasing their ability to manage funds responsibly and prioritize program expenditures.
The organization demonstrates several strengths, such as a high program expense ratio of 92.85%, indicating that a significant portion of their funds is directed towards actual programming rather than administrative costs. Additionally, they have robust governance practices, including an independent board size of four members and strong policies in place for conflict of interest and whistleblowing. These factors contribute to their solid financial oversight and ethical standards.
However, there are noted limitations, particularly regarding the lack of majority independent board members, which stands at 44%. Moreover, Lobo Energy's tax form is missing from its website, which detracts from their overall transparency. While the organization shows strong financial health, addressing these governance and transparency issues could further improve its standing and trustworthiness in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Lobo Energy Incorporated legitimate?
Lobo Energy Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lobo Energy Incorporated 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: $402,202
Professional Fundraising Fees: $0
Other Salaries and Wages: $283,149
For more financial information, click here
Official website here: www.lei.unm.edu
What is the mission statement of Lobo Energy Incorporated?
Lobo Energy Incorporated, organized to support academic institutions, primarily focuses on providing contractual services. The main objective is to enhance and expand the utilities services infrastructure of the University of New Mexico, as well as undertake various other purposes within the scope of the University Research Park and Economic Development Act. The company offers assistance in managing and supervising the planning, design, engineering, contracting, energy-conservation, and commissioning services for assigned projects. They also procure equipment and services necessary for project implementation, and review regulatory issues, while monitoring long-term technological innovation and sustainable practices to ensure the projects adhere to these principles.
Official website here: www.lei.unm.edu
Who is the CEO of Lobo Energy Incorporated?
Jason Strauss is the Director of Lobo Energy Incorporated. The CEO's salary of Lobo Energy Incorporated is $140,610 and their total compensation is $177,839.
Official website here: www.lei.unm.edu
What is the revenue of Lobo Energy Incorporated?
Lobo Energy Incorporated's revenue in 2022 was $2,177,036.
Official website here: www.lei.unm.edu
Who are the executives of Lobo Energy Incorporated and what are their salaries?
The average compensation at Lobo Energy Incorporated during 2022 was $97,907. There are 7 employees and 4 volunteers at Lobo Energy Incorporated.
Here are 12 key members and their salaries (Lobo Energy Incorporated's CEO's salary is $140,610 and their total compensation is $177,839):
- Compensation: $0
- Related: $829,022
- Other: $140,566
- Compensation: $0
- Related: $427,665
- Other: $138,909
- Compensation: $0
- Related: $214,994
- Other: $36,247
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $298,237
- Other: $108,997
- Compensation: $140,610
- Related: $0
- Other: $37,229
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $132,615
- Other: $36,618
- Compensation: $91,549
- Related: $0
- Other: $32,199
- Compensation: $55,017
- Related: $0
- Other: $7,994
Official website here: www.lei.unm.edu
Where can I find the form 990 for Lobo Energy Incorporated?
Lobo Energy Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.lei.unm.edu
Learn more at the official website: www.lei.unm.edu
Mission Statement of Lobo Energy Incorporated
Lobo Energy Incorporated, a non-profit organization, is established with the primary mission to support the University of New Mexico. This mission encompasses providing contractual services, including financing, operating, improving, and expanding the university's utilities services infrastructure. The organization's purpose is limited to those that comply with Section 501(C)(3) of the Code or corresponding provisions of any future United States Internal Revenue Code.
In addition to its infrastructure-related duties, Lobo Energy Incorporated may offer assistance to the university for the management and supervision of various projects. These tasks include planning, design, engineering, contracting, energy-conservation, and commissioning services for assigned projects. Furthermore, the organization is responsible for procuring equipment and services in the course of implementing these projects.
The organization also monitors regulatory issues, ensuring compliance while keeping an eye on long-term technological innovation and sustainable practices. In summary, Lobo Energy Incorporated aims to support the University of New Mexico in various aspects, with a focus on improving its utilities services infrastructure and ensuring sustainable, innovative, and compliant project implementations.
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Impact
June, 2024
Lobo Energy Incorporated's impact is focused on supporting the University of New Mexico by providing contractual services to enhance and expand the university's utilities services infrastructure. Specifically, Lobo Energy Inc. manages the upgrade of utility infrastructure, oversees energy conservation programs, and provides utility management services to UNM. By implementing sustainable practices and technological innovations, Lobo Energy contributes to environmental conservation efforts on campus.
This information is meant to be a general summary of Lobo Energy Incorporated. 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: $5,971
- Program Service Revenue: $2,171,065
- Gross Receipts: $2,177,036
Assets and Liabilities:
- Total Assets: $7,881,888
- Total Liabilities: $164,798
- Net Assets: $7,717,090
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OTHER MANAGEMENT SERVI
Revenue
$1,691,065
UTILITIES MANAGEMENT S
Revenue
$480,000
Organization Details
Founding Year
1998
Phone
(505) 272-7118Principal Officer
Jason Strauss
Main Address
800 BRADBURY DR SE 216, ALBUQUERQUE, NM, 871064310
Website
www.lei.unm.eduNTEE Category
Code: C35 - Environment
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