NonprofitsRenewables Global Inc

Environment

Renewables Global Inc

BROOKLYN, NY

Total revenue

$294K

Total expenses

$110K

Net assets

$184K

Grants received

$82K

4 grants

EIN

934950343

Tax year

2024

Mission

Renewables global inc will accelerate the transition to solar energy across the global south.

Programs

1 program

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. Deposits into the fund occur in two forms: non-withdrawable donations, and 0% interest "investments" that can be withdrawn by lenders as projects pay back. This structure allows the fund to channel both philanthropic and recoverable capital into high-impact solar expansion.

Expenses: $14K

Financials

FY 2024

Revenue

Contributions & grants$291K
Program service revenue
Investment income$3K
Other revenue$3
Total revenue$294K

Expenses

Grants paid
Salaries & benefits$33K
Fundraising
Other expenses$76K
Total expenses$110K
Total assets$291K
Net assets$184K

People

3 listed

NameRoleCompensation

LASSOR FEASLEY

CEO AND BOARD MEMBER

Board

$17K

15 hrs/wk

SCOTT SCHWARTZ

CTO

Board

$17K

10 hrs/wk

PREMAL SHAH

CHAIR AND BOARD MEMBER

Board

5 hrs/wk

Grants received

Showing 4 of 4

FromAmountPurposeYear
$30K
FUND CHARITABLE ACTIVITIES
2024
$35K
Operating Support/Annual Fund
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023

Funded by

$82K from 4 funders · 4 grants · 2023–2024

Boston Foundation Inc

$35K · 1 grant · 2023

Founders Pledge Inc

$30K · 1 grant · 2024

Details

EIN934950343
NTEE codeC12
Subsection03
Ruling date2024-01
Formed2023
Employees0
Volunteers1
RENEWABLES GLOBAL INC — Mission, Financials & Grants Received | Grantivo