Cherp Inc

What it reported doing in 2022

The community home energy revolution project (cherp) is a non- profit organization that was created to eliminate the barriers to success of our critical, national, energy efficiency goals. Cherp is engaged in a comprehensive, replicable, community-wide program to help achieve aggressive goals for improved energy efficiency and energy resiliency. This program is an unprecedented community-based, nation-wide effort by practicing the motto of "radical inclusion and uniting as many homeowners, businesses, community organizations, and city governments as possible in the laser-sharp goal of bringing the value chain of energy back into the hands of local communities. We're extending the reach of renewable energy to economically disinvested and environmentally burdened communities, creating green-sector jobsparticularly for those with barriers to entry in the workforce, stimulating local economies, pursuing environmental justice, all the while achieving significant greenhouse gas reductions. We will soon be producing the world's most advanced solar panels, in a non-profit microfactory factory in pomona, California. We're also incubating a network of distributed manufacturing centers, called the locally grown power national solar factory network, in economically disadvantaged and environmentally burdened communities across the country through partnerships with local nonprofits. We're currently in conversation with over 15 cities across the nation about this opportunity. In 2022, our primary program was building up, and community engagement around, our nonprofit microfactry in pomona. Within this program, our focus areas were: 1) getting our modules ready for submission to the electrical testing lab for ul certification; 2) working with, and preparing educational materials for over 15 groups in cities across the nation who are interested in bringing a nonprofit solar microfactory to their community; 3) providing service learning opportunities to over 25 cal poly pomona students; 4) providing over 15 tours to groups and individuals, including two tours to high-school classes; and 4) collaborating with mission-aligned organizations on grants, such as pomona's transformational climate communities planning grant.

Financial Efficiency

• Mission deployment rate: 100%; rating input score 100
• Program expense ratio: 56.9%; rating input score 57
• 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: 80%; rating input score 80; 21st percentile among comparable filings
• Governance controls: 5 of 7 controls in place; rating input score 71
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • 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: -251.1%; rating input score 1; 1st percentile among comparable filings
• Total-asset coverage ratio: 2.22; rating input score 61; 61st percentile among comparable filings
• Liabilities to assets ratio: 0.47; rating input score 12; 12th percentile among comparable filings
• Officer compensation ratio: 0%; rating input score 70; 70th percentile among comparable filings

Growth

• Program expense growth: 34.9% per year; rating input score 100; 91st percentile among comparable filings
• Revenue growth: 6% per year; rating input score 100; 61st percentile among comparable filings
• Asset growth: 20% per year; rating input score 100; 83rd percentile among comparable filings