Foundation for Renewable Energy and the Environment

EIN: 274704700 501(c)(3) Environment

Wilmington, DE

Total Revenue
$467,671
Total Expenses
$499,109
Total Assets
$710,258
Net Assets
$667,407
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
DE
Principal Officer
Dr John Byrne
Phone
2127058758
Tax Period
2023-01-01 to 2023-12-31

Foundation for Renewable Energy and the Environment, founded in 2011, is a small nonprofit in the Environment sector that reported $468K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring.

Mission

THE FOUNDATION FOR RENEWABLE ENERGY AND THE ENVIRONMENT (FREE) IS A NONPROFIT, INTERNATIONAL EDUCATIONAL AND ADVISORY ENVIRONMENTAL ORGANIZATION ESTABLISHED TO PROMOTE A BETTER FUTURE BASED ON ENERGY, WATER, AND MATERIALS CONSERVATION, RENEWABLE ENERGY USE, ENVIRONMENTAL RESILIENCE, AND SUSTAINABLE LIVELIHOODS.

Program Service Accomplishments

Program 1
Expenses: $455,417

PROMOTING AND ADVANCING THE DESIGN, DEVELOPMENT, IMPLEMETATION AND UTILIZATION OF RENEWABLE, SUSTAINABLE AND ALTERNATIVE ENERGY SOURCES, TECHNOLOGIES, IDEAS, MODELS, PRACTICES AND POLICIES DESIGNED...

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PROMOTING AND ADVANCING THE DESIGN, DEVELOPMENT, IMPLEMETATION AND UTILIZATION OF RENEWABLE, SUSTAINABLE AND ALTERNATIVE ENERGY SOURCES, TECHNOLOGIES, IDEAS, MODELS, PRACTICES AND POLICIES DESIGNED TO PRESERVE AND PROTECT THE NATURAL ENVIRONMENT WHILE LEADING TO SUSTAINABLE, PRODUCTIVE AND EQUITABLE ECONOMIES AND COMMUNITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $357,845
Program Service Revenue $109,826
Investment Income $0
Other Revenue $0
TOTAL REVENUE $467,671

Expense Breakdown

Grants Paid $135,008
Salaries & Benefits $217,548
Fundraising Expenses $0
Program Expenses $455,417
Other Expenses $146,553
TOTAL EXPENSES $499,109

Year-over-Year Comparison

2023 2022 Change
Revenue $467,671 $645,170 -0.3%
Expenses $499,109 $474,054 +0.1%
Net Income $-31,438 $171,116 -1.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
N/A
Employees
2
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
1
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Dr John Byrne President 4.00
Officer Director
$0 $0 $0
Johan Eliasch Board Member 1.00
Director
$0 $0 $0
Tony Clifford Board Member 1.00
Director
$0 $0 $0
Dr Renosi Mokate Board Member 1.00
Director
$0 $0 $0
David Byrne Board Member 1.00
Director
$0 $0 $0
William Latham Board Member 1.00
Director
$0 $0 $0
Soha Nashaat Board Member 1.00
Director
$0 $0 $0
Karice Redhead Board Member 1.00
Director
$0 $0 $0
Chandrasekar Govindarajalu Board Member 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2023 $467,671 $499,109 $710,258 $-31,438
2022 $645,170 $474,054 $699,053 $171,116
2021 $555,306 $399,229 $522,599 $156,077
2020 $535,057 $342,047 $346,852 $193,010
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