Long Island Businesses for Responsible Energy Inc
Nonprofit profile at a glance
- EIN
- 465278912
- IRS 990-EZ coverage
- 2015–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2014
- Location
- East Hampton, NY, USA
- Phone
- 6313293739
- Rating
- 57
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $136,389
- Expenses
- $109
- Assets
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
2 people listed
People named in this filing
- HELENE SILVERBLANK FORST (CHAIRPERSON)
- MICHAEL FORST (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Long island businesses for responsible energy, inc. (hereinafter "libfre") aims to ensure that the future of long island utilities focuses on a safe and responsible energy infrastructure. Libfre supports and energy upgrade that preserves our health, safety, environment, property values, historic sites, and scenic vistas. The company's immediate goals are to: 1 - halt the six mile east hampton to amagansett high-tension overhead transmission lines. 2 - remove all newly installed toxic pentachlorophenol pressure treated wood utility poles. 3 - re-route transmission lines underground along major public corridors away from residential neighborhoods. 4 - create another alternative for back-up electricity while underground power line burial is being researched and conducted. 5 - shoulder the cost of burial, or a reasonable shre of that cost, to be borne by the utility, and not its ratepayers. Libfre has retained irving like, founding partner of reilly, like & tenety as legal counsel. Like, r
What it reported doing in 2022
Long island businesses for responsible energy, inc. (hereinafter "libfre") aims to ensure that the future of long island utilities focuses on a safe and responsible energy infrastructure. Libfre supports and energy upgrade that preserves our health, safety, environment, property values, historic sites, and scenic vistas. The company's immediate goals are to: 1 - halt the six mile east hampton to amagansett high-tension overhead transmission lines. 2 - remove all newly installed toxic pentachlorophenol pressure treated wood utility poles. 3 - re-route transmission lines underground along major public corridors away from residential neighborhoods. 4 - create another alternative for back-up electricity while underground power line burial is being researched and conducted. 5 - shoulder the cost of burial, or a reasonable shre of that cost, to be borne by the utility, and not its ratepayers. Libfre has retained irving like, founding partner of reilly, like & tenety as legal counsel. Like, referred to by newsday as one of the "100 most influential long islanders of the twentieth century," is pulling together a group of expert witnesses on the environment, health, safety and property values. Libfre has opened a business account to start receiving funds in support of it's goals.
Operating model
- Revenue model
- Other-operating. 100% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% 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. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 38
- Transparency & Controls: 82
- Sustainability: 55
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 0.1%; rating input score 0
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 99.9%; rating input score 100; 100th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 1; 1st percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 64; 64th percentile among comparable filings
Growth
- Program expense growth: -25.3% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 28% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: -35.6% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 0.1% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $109 in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 5 of 5 current checks pass
- Schedules: 2 filed schedules
- Filing history: 8 filing years from 2015 to 2022
- Contacts: How to reach this organization
- 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 0/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.