Nexus Energy Center Inc
- Assets
- $253.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 3
- Location
- Gurley, AL
- Founding
- 10/2010
- Data as of
- 12/2022
- EIN
- 27-1665380
Organization Overview
Nexus Energy Center Inc is located in Gurley, AL. The organization was established in 2010. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 12/2022, Nexus Energy Center Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nexus Energy Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Nexus Energy Center Inc generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (47.1%) each year. All expenses for the organization totaled $35.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTING ENERGY EFFICIENCY NEXUS SERVES AS A CATALYST FOR COMMERCIALIZING/IMPLEMENTING "GREEN TECHNOLOGY" INCLUDING THOSE THAT REDUCE ENERGY CONSUMPTION, THROUGHOUT HUNTSVILLE'S RESIDENTIAL, GOVERNMENT/MILITARY, AND COMMERCIAL SECTORS.
Describe the Organization's Program Activity:
Part 3
NEXUS ENERGY CENTER HAS BEEN ADMINISTERING THE WISE PROGRAM USING GRANT FUNDS FROM THE DOE BETTER BUILDINGS PROGRAM AND THE STATE ENERGY PROGRAM THROUGH ADECA. USING THE GRANT FUNDS, WE HAVE BEEN PROVIDING REBATES TO HOMEOWNERS FOR ENERGY EFFICIENCY MEASURES INSTALLED AS WELL AS PROVIDING MARKETING AND EDUCATIONAL SERVICES TO THE COMMUNITY.
EQUIPMENT PURCHASED FOR THE USE OF NEXUS ENERGY CENTER
NEXUS MANAGES A REVOLVING LOAN PROGRAM FOR ENERGY IMPROVEMENTS THROUGH ADECA USING STATE ENERGY PROGRAM FUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ruchi Singhal Board Member | 0 | $0 | |
Maike Demaria Board Chair | 0 | $0 | |
Debbie Overcash Board Member | 0 | $0 | |
Joseph Vick Board Member | 0 | $0 | |
Margaret Riethmaier Board Member | 0 | $0 | |
Rosemary Robinson Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,916 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $2,188 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $5,104 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $35,247 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $186 |
| Total expenses | $35,433 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $248,383 |
| Other assets | $0 |
| Total assets | $253,523 |
| Total liabilities | $849 |
| Net assets or fund balances | $252,674 |