Renewables Forward INC EIN 86-3364747

Renewables Forward INC

Not yet claimed Claim this org →

Promotes diversity, equity, and inclusion in clean energy to improve community well-being. For fiscal year 2024 it reported $692K in revenue, $481K in expenses, and $221K in net assets.Pt I

Type
Public charity (501(c)(3)) · Community Development
Location
Washington, DC
Website
www.renewablesforward.org
Filings
4 on file (2021–2024)
Revenue
$692KFY2024
Expenses
$481K
Net assets
$221K
People
9
Filings
4
Updates
0
More identity details & actions ⌄
EIN  86-3364747 Public charity (501(c)(3)) Washington, DC
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Renewables Forward INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Promotes diversity, equity, and inclusion in clean energy to improve community well-being.
Leadership
Christina Nichols · Executive Director · $138K
Money in and out
$692K revenue, $481K expenses
Bottom line
37% program efficiency
Where the money goes · FY2024
Total revenue
$692K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $211K
Where spending went · Part IX cols B–D
Program services $0.37 Management & general $0.63 Fundraising $0.00
Program efficiency
37%
of spending reaches programs▼ -47% vs prior filing year
Operating runway
3.2mo
months of highly liquid reserves at operating expense rate▼ -6% vs prior filing year
Surplus margin
+30%
revenue over expenses, this year▲ +183% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$692K
FY2024▲ +162%
Expenses
$481K
FY2024▲ +33%
Total assets
$256K
FY2024▲ +94%
Total liabilities
$35K
FY2024▼ -70%
Total revenue
$692K
Pt VIII · Ln 12
Total expenses
$481K
Pt IX · Ln 25
Net assets
$221K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$211K
Total assetsPt X · Ln 16$256K
Program-expense ratioPt IX · col B37%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $179K of program spending, described in the organization's own filed words · FY2024.
01

To intentionally address historic economic and social inequities in the renewables and clean energy industry RCEI. The goal of the organization is to create a more diverse equitable and inclusive community and promote social and economic well-being both within the RCEI and the communities and populations that the RCEI services.

$179Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRenewables Forward INC
EINHdr · item D86-3364747
Principal addressHdr · item CWashington, DC
WebsiteHdr · item Jwww.renewablesforward.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MDC
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S99)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$137,530Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A

Christina Nichols’s $138K as Executive Director is at the 88th percentile of top reported officer pay among 1711 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Christina Nichols$137,530$155,546
Christina Nichols$88,970

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Renewables Forward INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$457K · 66%
Program service revenue$234K · 34%
Contributions & grants66%$457K
Program service revenue34%$234K
Other revenue$400
Total revenueLn 12$692K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.37 Management & general $0.63 Fundraising $0.00
Program services37%$179K
Management & general63%$301K
Fundraising$100
Total functional expensesLn 25$481K

Balance Sheet

Part X · end of year
CashLn 1$126K
Total assetsLn 16$256K
Total liabilitiesLn 26$35K
Total net assetsLn 32$221K
Months of cash on handcomputed3.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $126K · Operating expenses/yr $481K
3.2 months
Where the money goes
Program services
Program services $179K · Total expenses $481K
37%
Management & General
Management & general $301K · Total expenses $481K
63%
Fundraising
Fundraising $100 · Total expenses $481K
0.02%
Cost to raise $1
Fundraising expense (3-yr avg) $19K · Solicited contributions (3-yr avg) $320K
$0.06 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $457K · Total revenue $692K
66%
Government reliance
Government grants $0 · Total revenue $692K
0%
Earned-income share
Program service revenue $234K · Total revenue $692K
34%
Investment reliance
Investment income $0 · Total revenue $692K
0%
Program self-sufficiency
Program service revenue $234K · Total expenses $481K
49%
Growth & trend
Revenue growth (YoY)
This year $692K · Prior year $264K
+162%
Net-asset trend (YoY)
End of year $221K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $692K · Expenses $481K
+30%
Liabilities-to-Assets
Total liabilities — · Total assets $256K
Net-asset ratio
Net assets $221K · Total assets $256K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $256K
0%
People & payroll
Highest Reported Total Compensation
Individual Christina Nichols · Reported title Executive Director · Highest reported compensation $138K · Total expenses $481K
29%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $235K · Total expenses $481K
49%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 37%
Overhead ratio 63%
Fundraising cost ratio 0.02%
Revenue growth 162%
Investment management fee ratio 0%
Legal fee ratio 0.2%
Accounting fee ratio 8%
Fundraising fee ratio 0.02%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Similar Organizations

Closest in mission — by what they do
See all organizations like Renewables Forward INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$692K revenue · viewing · ⤓ 990 PDF
FY2023$264K revenue · ⤓ 990 PDF
FY2022$297K revenue · ⤓ 990 PDF
FY2021$136K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.