Solar Business Institute
Nonprofit profile at a glance
- EIN
- 474703858
- IRS 990-EZ coverage
- 2017–2020
- Forms available
- Form 990-EZ 2020, Form 990-N 2016
- Location
- Washington, DC, USA
- Phone
- 2027809563
- Rating
- 87
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Research Institutes and/or Public Policy Analysis
Reported finances
- Revenue
- $180,500
- Expenses
- $245,730
- Assets
- $33,763
Source: IRS Form 990-EZ. Selected filing: tax year 2020. Amounts in USD.
Leadership & pay
15 people listed
Executive titles in this filing
- JENNIFER SPINOSI (PRESIDENT)
People named in this filing
- JENNIFER SPINOSI (PRESIDENT)
- CHRIS ERCOLI (VICE-PRESIDE)
- MIKE HEALY (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 2020. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The solar research institute (sri) is a 501(c)3 non-profit organization based in Washington, dc. Sri was founded to increase understanding of solar energy. To accomplish this goal, sri performs a broad range of research, education, and public service activities.
What it reported doing in 2020
Virginia land use: sri led a series of working groups with representatives from local jurisdictions to discuss the financial and environmental. Impacts of utility-scale solar deployment and options for localities to attain greater tax revenue from projects. Many of these solutions are now being adopted by localities, resulting in greater revenue for services like emergency response and broadband, benefitting hundreds of thousands of virginians.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 12
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 98.3%; rating input score 98
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -36.1%; rating input score 3; 3rd percentile among comparable filings
- Total-asset coverage ratio: 0.14; rating input score 10; 10th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 66; 66th percentile among comparable filings
Growth
- Program expense growth: 36.4% per year; rating input score 100; 89th percentile among comparable filings
- Revenue growth: 6.2% per year; rating input score 100; 60th percentile among comparable filings
- Asset growth: -30.9% per year; rating input score 0; 3rd percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 98.3% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $241K in reported program spending
- Leadership: top reported pay $0 · 15 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 2 filed schedules
- Filing history: 2 filing years from 2017 to 2020
- 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.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Sustainability: Operating margin scored 3/100.
- High — Sustainability: Total-asset coverage ratio scored 10/100.
- High — Growth: Asset growth scored 0/100.
- High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.