Global Renewable Energy Education Network
- Assets
- $58.8m
- Revenue
- $20.7m
- Investments
- $0.0
- Employees
- 340
- Location
- Greenville, SC
- Founding
- 12/2013
- Data as of
- 06/2022
- EIN
- 45-2823466
Organization Overview
Global Renewable Energy Education Network is located in Greenville, SC. The organization was established in 2013. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2022, Global Renewable Energy Education Network employed 340 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Renewable Energy Education Network 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 06/2022, Global Renewable Energy Education Network generated $20.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.7% each year . All expenses for the organization totaled $23.6m during the year ending 06/2022. While expenses have increased by 28.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISH IMPROVED SCIENCE AND SUSTAINABILITY LEARNING OPPORTUNITIES THAT STIMULATE SCIENTIFICALLY LITERATE INDIVIDUALS, WORKFORCE, AND LEADERSHIP THROUGH WORLD CLASS AND CHALLENGING SCIENCE TEACHING STANDARDS
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREENVILLE RENEWABLE ENERGY EDUCATION CHARTER SCHOOL IS A NON-PROFIT ORGANIZATION THAT IS CURRENTLY OPERATING 3 DIFFERENT CHARTER SCHOOLS IN 4 DIFFERENT LOCATIONS SERVING ABOUT 1560 STUDENTS. THOSE LOCATIONS ARE GREEN GREENVILLE LOWER CAMPUS, GREEN GREENVILLE UPPER CAMPUS, GREEN SPARTANBURG CAMPUS, AND GREEN MIDLANDS CAMPUS. THE SPARTANBURG CAMPUS SERVES K4-8 GRADES. THE GREENVILLE LOWER CAMPUS IS SERVING K4-6 AND UPPER CAMPUS 7-12 GRADES, WHILE THE MIDLANDS CAMPUS SERVES K5-8 GRADES. THE GREEN LOWCOUNTRY IS SCHEDULED TO OPEN FOR 2021-22 SCHOOL YEAR IN NORTH CHARLESTON.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Imtiaz Hague Vice Chair | OfficerTrustee | 2 | $0 |
Trihka Hoenbeck Board Member | Trustee | 2 | $0 |
Mandy Townes Board Chair | OfficerTrustee | 2 | $0 |
Tracy Kramer Board Member | Trustee | 2 | $0 |
Laurel Wiles Secretary | OfficerTrustee | 2 | $0 |
Katherine Ponder Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
3m Associates Llc Facilities Rental | 6/29/22 | $460,000 |
Oshury's Management Llc Cleaning Services | 6/29/22 | $381,014 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $14,897 |
| Related organizations | $0 |
| Government grants | $19,700,376 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,008 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,726,281 |
| Total Program Service Revenue | $884,274 |
| Investment income | $1,900 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $19,000 |
| Net Gain/Loss on Asset Sales | $113,800 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,745,255 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $386,132 |
| Compensation of current officers, directors, key employees. | $386,132 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,405,399 |
| Pension plan accruals and contributions | $928,114 |
| Other employee benefits | $1,743,033 |
| Payroll taxes | $776,488 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,534 |
| Fees for services: Accounting | $33,085 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,004,960 |
| Advertising and promotion | $14,558 |
| Office expenses | $23,562 |
| Information technology | $490,960 |
| Royalties | $0 |
| Occupancy | $1,656,140 |
| Travel | $60,989 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $2,193,787 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $559,862 |
| Insurance | $167,511 |
| All other expenses | $812,898 |
| Total functional expenses | $23,614,655 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,446,087 |
| Savings and temporary cash investments | $467,807 |
| Pledges and grants receivable | $691,627 |
| Accounts receivable, net | $1,451 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $44,222,200 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,829,172 |
| Accounts payable and accrued expenses | $1,609,794 |
| Grants payable | $0 |
| Deferred revenue | $69,012 |
| Tax-exempt bond liabilities | $49,695,000 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,092,210 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $54,466,016 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $4,363,156 |
| Total liabilities and net assets/fund balances | $58,829,172 |