Overview
What is Efficiency Valuation Organization?
Efficiency Valuation Organization (EVO) is a non-profit organization based in Washington, D.C. Their primary focus is on training and certification in Measurement & Verification (M&V), catering to an international audience. They offer a range of introductory, intermediate, and advanced training sessions and workshops to keep M&V professionals updated on the latest trends in their field. In 2022, they established the Performance Measurement and Verification Analyst (PMVA) and Performance Measurement and Verification Expert (PMVE) programs, which grant the right to use these titles to individuals who demonstrate the necessary M&V capabilities, academic qualifications, and pass a written exam. During the year 2022, over 300 participants attended these training sessions, resulting in a global network of 1178 PMVAs and 12 PMVEs. EVO's mission is to ensure that the savings and impact of energy efficiency and sustainability projects are accurately measured and verified worldwide.
Official website here: www.evo-world.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
The Efficiency Valuation Organization has received a Three-Star rating from Charity Navigator, reflecting a solid performance in accountability and finance with a score of 83%. This rating is based solely on the accountability and finance beam, highlighting the organization’s commitment to transparency and sound financial management practices.
Strengths of the organization include a fully independent board, with all five members meeting the independence criteria, and no material diversion of assets reported. The organization also boasts a strong program expense ratio of 77.38%, indicating that a significant portion of its resources is directed toward its programs and mission. Additionally, the presence of a conflict of interest policy demonstrates a commitment to ethical governance.
However, there are notable limitations, particularly the absence of a whistleblower policy and a document retention and destruction policy, which received zero points. These gaps may raise concerns about the organization’s internal controls and procedures for reporting unethical behavior. Overall, while the Efficiency Valuation Organization shows promising accountability and finance practices, addressing these shortcomings could enhance its credibility further.
This AI summary has been generated from information found on Charity Navigator.
Is Efficiency Valuation Organization legitimate?
Efficiency Valuation Organization is a legitimate nonprofit organization registered as a 501(c)(3) entity. Efficiency Valuation Organization 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: $136,080
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.evo-world.org
What is the mission statement of Efficiency Valuation Organization?
The Efficiency Valuation Organization's mission is geared towards ensuring the accurate measurement and verification of energy efficiency and sustainability projects worldwide. As a non-profit, it offers tailored training and certification to M&V professionals, keeping them updated on the latest trends in measurement and verification. The organization is the exclusive global training body for the Performance Measurement and Verification Analyst (PMVA) and Performance Measurement and Verification Expert (PMVE) programs, established in 2022 after a partnership termination. Both programs grant the right to use their respective titles to individuals demonstrating M&V capabilities, academic qualifications, and passing relevant exams. In 2022, the organization trained 322 participants in 37 sessions, resulting in 1178 PMVAs and 12 PMVEs worldwide.
Official website here: www.evo-world.org
Who is the CEO of Efficiency Valuation Organization?
Thomas K Dreessen is the Chair of Efficiency Valuation Organization.
Official website here: www.evo-world.org
What is the revenue of Efficiency Valuation Organization?
Efficiency Valuation Organization's revenue in 2022 was $404,208.
Official website here: www.evo-world.org
Who are the executives of Efficiency Valuation Organization and what are their salaries?
There 65 volunteers at Efficiency Valuation Organization.
Here are 6 key members and their salaries:
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- Compensation: $136,080
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Official website here: www.evo-world.org
Where can I find the form 990 for Efficiency Valuation Organization?
Efficiency Valuation Organization's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.evo-world.org
Learn more at the official website: www.evo-world.org
Mission Statement of Efficiency Valuation Organization
The Efficiency Valuation Organization, a non-profit entity, is dedicated to ensuring the accuracy of measurements and verifications for energy efficiency and sustainability projects worldwide. Their mission is to meticulously measure and verify the savings and impact of such projects, thereby promoting efficient and sustainable energy solutions on a global scale.
To achieve this goal, the organization offers tailored M&V (Measurement & Verification) training to cater to an international audience. They conduct a variety of introductory, intermediate, and advanced training sessions and workshops, keeping M&V professionals updated with the latest trends in the field. The Efficiency Valuation Organization is the exclusive global training body for the Performance Measurement and Verification Analyst (PMVA) and Performance Measurement and Verification Expert (PMVE) programs, established in 2022 following the termination of a partnership with another association.
The PMVA title is granted to individuals who demonstrate M&V capabilities, including a good understanding of applying the IPMVP to determine savings, by passing a four-hour written exam and meeting the required academic and professional qualifications. Similarly, the PMVE title is granted to those who have demonstrated advanced applied and practical expertise in various aspects of M&V in accordance with the IPMVP, also by passing a four-hour written exam and meeting the required academic and professional qualifications. In 2022, 322 participants attended 37 training sessions, increasing the number of PMVAs to 1178 and the number of PMVEs to 12 around the world.
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Impact
June, 2024
Efficiency Valuation Organization's impact lies in their mission to ensure that the savings and impact of energy efficiency and sustainability projects are accurately measured and verified. Through their training and certification programs tailored to an international audience, EVO equips M&V professionals with the necessary skills to stay informed about the latest trends in measurement and verification. By offering exclusive global training for the PMVA and PMVE programs, EVO has significantly expanded the pool of qualified individuals capable of effectively assessing energy efficiency projects.
In 2022 alone, EVO conducted 37 training sessions, with 322 participants adding to the growing number of certified PMVAs and PMVEs worldwide. This has not only enhanced the professional capabilities of individuals in the field but also increased the overall accuracy and reliability of energy efficiency assessments globally. EVO's impact transcends borders, contributing to a more sustainable future by ensuring that energy efficiency initiatives are properly evaluated and validated.
This information is meant to be a general summary of Efficiency Valuation Organization. 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: $26
- Program Service Revenue: $379,182
- Gross Receipts: $404,208
Assets and Liabilities:
- Total Assets: $403,697
- Total Liabilities: $146,543
- Net Assets: $257,154
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$379,182
Organization Details
Founding Year
2001
Phone
(202) 738-4639Principal Officer
Thomas K Dreessen
Main Address
1629 K STREET NW 300, WASHINGTON, DC, 20006
Website
www.evo-world.orgNTEE Category
Code: C35 - Environment
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