Arei Inc

Nonprofit profile at a glance

EIN
275216186
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Aspen, CO, USA
Phone
9709489929
Rating
54
Verdict
MIXED
Rating confidence
Moderate
Sector
Pollution Abatement and Control Services

Official website

Reported finances

Revenue
$43,607
Expenses
$48,736
Assets
$9,820
Liabilities
$1,240

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

23 people listed

Executive titles in this filing

  • WALTER COMINS (CHAIRMAN and CEO)
  • CYNTHIA GARRETT (PRESIDENT)

People named in this filing

  • SYLVIA A EARLE (DIRECTOR)
  • DAVID W ORR (DIRECTOR)
  • WESLEY K CLARK Sr (DIRECTOR)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To create vibrant and powerful cross-sector dialgue, commitments, collaborations and investments that foster climate change solutions at the speed and scale necessary to phase out fossil fuels, and usher in a rapid transition to a new, clean energy economy.

What it reported doing in 2024

AREI hosts and convenes weekly a group of nationally renowned experts in power generation, transmission and environmental restoration on the implementation of a national HVDC SuperGrid (High Voltage Direct Current) to be undergrounded coast to coast a border to border along interstate highway systems, railroad corridors and river systems of the continental United States. By utilizing solar, wind and natural gas, we can provide firm base load power and build the economy. The goal is to create a national network that supports the transition to energy effiency, economic growth, and protects the environment. Building and operating the SuperGrid creates jobs, supports economic development, and provides affordable clean energy across the country, especially in rural areas. By lowering energy costs and making American businesses more competitive internationally. The AREDAY CEO attended several climate change events throughout the year.

Operating model

Revenue model
Donor-supported. 93% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 22
  • Transparency & Controls: 100
  • Accountability: 68
  • Sustainability: 33
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.4%; rating input score 25
  • Program expense ratio: 22.7%; rating input score 23
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 95.7%; rating input score 96; 28th percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -11.8%; rating input score 45; 45th percentile among comparable filings
  • Total-asset coverage ratio: 0.2; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 0.13; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: -14.5% per year; rating input score 0; 23rd percentile among comparable filings
  • Revenue growth: -8.9% per year; rating input score 0; 34th percentile among comparable filings
  • Asset growth: -8% per year; rating input score 0; 16th percentile among comparable filings

Details

  • Where the money goes: 25.4% of revenue deployed · 22.7% of spending went to programs
  • Governance: 22 of 23 board members independent · 2 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $11K in reported program spending
  • Leadership: top reported pay $0 · 23 people listed
  • Consistency: 23 of 23 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: Filed and resolved organization relationships.
  • 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 — Financial Efficiency: Mission deployment rate scored 25/100.
  • High — Financial Efficiency: Program expense ratio scored 23/100.
  • High — Accountability: Governance controls: 4 of 6 not reported.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • Moderate — Sustainability: Operating margin scored 45/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.