Rewiring Community Investment Fund Inc

Nonprofit profile at a glance

EIN
933604596
IRS 990 coverage
2024–2024
Forms available
Form 990 2024, Form 990-N 2023
Location
Washington, DC, USA
Phone
2025058065
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Energy Resources Conservation and Development

Reported finances

Revenue
$5,028,252
Expenses
$5,028,252
Assets
$5,028,252
Liabilities
$5,028,252

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

Leadership & pay

5 people listed

Executive titles in this filing

  • ARI MATUSIAK (FOUNDER, PRESIDENT, CEO)

Highest reported compensation

  • ARI MATUSIAK (FOUNDER, PRESIDENT, CEO): $519,172 total reported compensation
  • CAMMIE CROFT (SECRETARY (PARTIAL YEAR)): $167,282 total reported compensation
  • MARJAN MASHHADI (SECRETARY (PARTIAL YEAR)): $163,947 total reported compensation

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

Overview

Mission

Rewiring community investment fund, inc. And its affiliate rewiring america, inc. Are the leading nonprofit working to save every american money on their energy costs through household energy efficiency and simple upgrades to modern appliances from old and wasteful ones.rcif is dedicated to delivering lower household energy bills, local jobs that cannot be automated or offshored, and greater wealth for american communities via the low-cost installation of better and more efficient electric machines in american homes.

What it reported doing in 2024

Rewiring community investment fund, inc. And its affiliate rewiring america, inc. (rai) advanced their mission to lower american's energy costs by accelerating energy efficiency upgrades and expanding consumer education and resources to support households looking to pursue those improvements; strengthening partnerships and collaboration with national, regional, and local community-based organizations; and developing programs and initiatives with manufacturers, distributors, and local contractors and installers to help lower upfront costs and energy bills for households. Developed consumer education tools and resourcesthe organization and its affiliate rai produced digital tools leveraged by over 200,000 household users, enabling homeowners to plan for energy efficiency upgrades while taking advantage of available public cost-reduction incentives and rebates. Those tools included an incentive calculator, a personal planner tool, and a savings identification tool. The organization and its affiliate rai launched consumer engagement campaigns to connect residents with these tools, and administered nationally-available education and training through why electrify courses and workshops. Strengthened community-based partnerships the organization and its affiliate rai delivered the coaches program, a free, four-week training and home energy efficiency upgrade program. The organization trained 990 coaches and enabled the creation of peer coaching groups.launched private sector partnerships to lower costs the organization and its affiliate rai issued rfps and negotiated partnerships with both original equipment manufacturers to lower equipment and labor costs, and with financial institutions to design lending programs to make upgrades more affordable for american households.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
Distribution model
Affiliate network. The nonprofit sent 100% of its reported program spending through affiliated organizations.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 65
  • Accountability: 62
  • Sustainability: 36
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 91%; rating input score 91
  • Program expense ratio: 91%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 50%; rating input score 50; 8th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0%; rating input score 33; 33rd percentile among comparable filings
  • Total-asset coverage ratio: 1; rating input score 37; 37th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 5; 5th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 91% of revenue deployed · 91% of spending went to programs
  • Governance: 1 of 2 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $4.6M in reported program spending
  • Leadership: top reported pay $519K · 5 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 13 of 13 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Related organizations: 1 filed related-organization link
  • 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: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 50/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Moderate — Sustainability: Operating margin scored 33/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 37/100.
  • High — Sustainability: Liabilities to assets ratio scored 5/100.