Renewables Global INC EIN 93-4950343 Form 990 (PDF) Claim this org

Renewables Global INC

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Accelerates the transition to solar energy across the Global South. For fiscal year 2024 it reported $294K in revenue, $110K in expenses, and $184K in net assets.Pt I

Type
Public charity (501(c)(3)) · Environment
Location
New York, NY
Website
renewables.org
Filings
1 on file (2024–2024)
Revenue
$294KFY2024
Expenses
$110K
Net assets
$184K
People
3
Filings
1
Updates
0
More identity details & actions ⌄
EIN  93-4950343 Public charity (501(c)(3)) New York, NY
Form 990 (PDF)
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Size
$100K–1M
What they do
Accelerates the transition to solar energy across the Global South.
Leadership
Lassor Feasley · CEO and Board Member · $17K
Money in and out
$294K revenue, $110K expenses
Bottom line
70% program efficiency
Where the money goes · FY2024
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$110K
Pt IX · Ln 25
Net assets
$184K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $184K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.30
Program efficiency
70%
of spending reaches programs
Operating runway
13.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+63%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Total revenue
$294K
Pt VIII · Ln 12
Total expenses
$110K
Pt IX · Ln 25
Net assets
$184K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$184K
Total assetsPt X · Ln 16$291K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 32
Independent voting membersPt I · Ln 41
Mission & Programs · Part III

Where the work happens

2 program services account for $77K of program spending, described in the organization's own filed words · FY2024.
01

General Programs

Renewables global inc. Operates the renewables fund, which provides financing to solar developers in the global south to accelerate the transition to sustainable energy in india and africa.

$63Kprogram expense
02

The Renewables Fund

The renewables fund finances global south solar projects using capital raised through the RENEWABLES.ORG online platform. The fund borrows at 0% interest from nonprofit "investors," who lend funds to be deployed into solar development and are repaid as projects return capital.

$14Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CRenewables Global INC
EINHdr · item D93-4950343
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jrenewables.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C12)
Ruling yearIRS BMFJan 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a2
Independent voting membersPt VI · Ln 1b1
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
CEO and Board Member
$16,667Pt VII · Sec A
$16,667Pt VII · Sec A
Chair and Board Member
$0Pt VII · Sec A

Lassor Feasley’s $17K as CEO and Board Member is at the 9th percentile of top reported officer pay among 1981 $100K–1M environment 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.

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Statement of Revenue

Part VIII
Contributions & grants$291K · 99%
Investment income$3K · 1%
Contributions & grants99%$291K
Investment income1%$3K
Other revenue$3
Total revenueLn 12$294K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.30
Program services70%$77K
Management & general30%$33K
Total functional expensesLn 25$110K

Balance Sheet

Part X · end of year
CashLn 1$122K
Total assetsLn 16$291K
Total liabilitiesLn 26$106K
Total net assetsLn 32$184K
Months of cash on handcomputed13.3

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $122K · Operating expenses/yr $110K
13.3 months
Where the money goes
Program services
Program services $77K · Total expenses $110K
70%
Management & General
Management & general $33K · Total expenses $110K
30%
Fundraising
Fundraising $0 · Total expenses $110K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $291K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $291K · Total revenue $294K
99%
Government reliance
Government grants $0 · Total revenue $294K
0%
Earned-income share
Program service revenue $0 · Total revenue $294K
0%
Investment reliance
Investment income $3K · Total revenue $294K
+1%
Program self-sufficiency
Program service revenue $0 · Total expenses $110K
0%
Growth & trend
Revenue growth (YoY)
This year $294K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $184K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $294K · Expenses $110K
+63%
Liabilities-to-Assets
Total liabilities — · Total assets $291K
Net-asset ratio
Net assets $184K · Total assets $291K
63%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $291K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Lassor Feasley · Reported title CEO AND BOARD MEMBER · Highest reported compensation $17K · Total expenses $110K
15%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $33K · Total expenses $110K
30%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 30%
Fundraising cost ratio 0%
Accounting fee ratio 0.2%

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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$264K
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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)$294K revenue · viewing · ⤓ 990 PDF

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Sources

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