Energy Allies A Nj Nonprofit Corporation

Organization Overview

Energy Allies A Nj Nonprofit Corporation is located in Cambridge, MA. The organization was established in 2014. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Energy Allies A NJ Nonprofit Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Allies A NJ Nonprofit Corporation 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 12/2021, Energy Allies A NJ Nonprofit Corporation generated $563.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $481.3k during the year ending 12/2021. While expenses have increased by 21.1% 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

REVOLUTIONIZE THE ENERGY SYSTEM BY CENTERING CLIMATE-IMPACTED COMMUNITIES THROUGH CLEAN ENERGY PRODUCTS, POLICY ADVOCACY AND EDUCATION.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SOLSTICE INITIATIVE, INC. ("SOLSTICE INITIATIVE") WAS INCORPORATED ON JULY 28, 2014. SOLSTICE INITIATIVE'S MISSION IS TO PUT COMMUNITY SOLAR WITHIN REACH OF EVERY AMERICAN. EVEN THOUGH SOLAR IS BOOMING AND THE TECHNOLOGY IS CHEAPER THAN EVER, 80 PERCENT OF AMERICAN HOUSEHOLDS ARE LOCKED OUT OF THE MARKET. THIS EXCLUSION HAS A DISPROPORTIONATE IMPACT ON LOW-TO-MODERATE INCOME (LMI) HOUSEHOLDS, WHO PAY A GREATER PORTION OF THEIR INCOME FOR ENERGY, BUT WHO ARE CURRENTLY THE LEAST LIKELY TO BENEFIT FROM CLEAN ENERGY. COMMUNITY SOLAR ENABLES HOUSEHOLDS TO SUBSCRIBE TO A SHARED SOLAR FARM IN THEIR AREA AND SAVE MONEY ON THEIR UTILITY BILL, WITHOUT ANY EXTRA COSTS OR CHANGES TO THEIR PROPERTY-OPENING ACCESS TO RENTERS, LMI HOUSEHOLDS, AND OTHER COMMUNITIES THAT ARE LEFT OUT OF ROOFTOP SOLAR. SOLSTICE BRINGS SCALABLE SOLUTIONS TO BEAR ON PERSISTENT INCLUSION ISSUES IN THREE KEY AREAS: 1) COMMUNITY ENROLLMENT AND EDUCATION, 2) FINANCIAL INNOVATION, AND 3) POLICY ADVOCACY, THEREBY DEMOCRATIZING SOLAR ACCESS AND ACCELERATING THE TRANSITION TO CLEAN ENERGY.


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $190,124
All other contributions, gifts, grants, and similar amounts not included above$373,700
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$563,824
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $563,824

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Energy Allies A Nj Nonprofit Corporation has recieved totaling $500.

Awarding OrganizationAmount
Hyman Levine Family Foundation Ldor Vdor

Beverly Hills, CA

PURPOSE: CHARITY/EDUCATION

$500
View Grant Recipient Profile

Create an account to unlock the data you need.

or