Nextenergy Center
Overview
Mission
To enable the commercialization of energy technologies that positively contribute to economic competitiveness, energy security, and the environment.
What it reported doing in 2023
Foundations - to support the organization's core mission through capacity building and/or program funding; program funds have been provided to advance smart city technologies in the city of detroit and to support technology challenges.
Operating model
- Revenue model
- Grant-funded. 99% of the money available for current operations came from government grants.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.
Nonprofit profile at a glance
- EIN
- 020648628
- IRS 990 coverage
- 2011–2023
- Forms available
- Form 990 2023
- Location
- Detroit, MI, USA
- Phone
- 3138330100
- Rating
- 75
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Energy Resources Conservation and Development
Reported finances
- Revenue
- $5,925,997
- Expenses
- $6,213,987
- Assets
- $8,817,443
- Liabilities
- $5,690,762
Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and most voting board members are independent. The filing reports few safeguards for money sent abroad and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 66
- Accountability: 100
- Sustainability: 32
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 94.7%; rating input score 95
- Program expense ratio: 90.3%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
- Pay-setting controls: 2 of 6 controls in place; rating input score 33
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: 1 of 8 controls in place; rating input score 12
- Claims monitoring procedures: Pass
- Requires narrative reports: Fail
- Conducts field audits: Fail
- May suspend future funding: Fail
- Requires financial reports: Fail
- Conducts site visits: Fail
- Requires grant agreements: Fail
- May require repayment: Fail
- Grant itemization coverage: 97.1%; rating input score 97; 33rd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -4.9%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.42; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 15; 15th percentile among comparable filings
- Officer compensation ratio: 6.4%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: -4.3% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -7.1% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: -12.3% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 94.7% of revenue deployed · 90.3% of spending went to programs
- Governance: 9 of 9 board members independent · 9 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $5.6M in reported program spending
- Leadership: top reported pay $253K · 11 people listed · 2 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $433K reported
- Consistency: 36 of 38 current checks pass · 2 findings to review
- Schedules: 9 filed schedules · includes major donors, foreign activity, grants, and executive pay
- Filing history: 13 annual filings from 2011 to 2023
- Contacts: How to reach this organization
- Money network: 42 filed money-flow records
- Related organizations: 41 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Transparency & Controls: Foreign activity oversight: 7 of 8 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 22/100.
- High — Growth: Asset growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 15/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
- Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
Leadership & pay
11 people listed
Highest reported compensation
- JAMES SABER (PRESIDENT & CEO): $253,321 total reported compensation
- WILLIAM SIDDALL (CHIEF OPERATING OFFICER): $144,954 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2023.