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Clasp

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 331112770 ✦ Washington, DC ✦ Designated as a 501(c)(3)

Overview

What is Clasp?

Clasp, based in Washington, D.C., is a nonprofit organization dedicated to mitigating the climate crisis through data-driven interventions. Their primary focus is on cost-effective solutions, particularly energy-efficient appliances. By promoting these technologies, they save money for governments and consumers, reduce peak energy demand, and enhance economic and energy security. Clasp collaborates with various stakeholders to catalyze markets for energy-efficient technologies and develops policy and market solutions. Their expertise covers technology assessments, energy performance standards, consumer product labeling, and market transformation. Clasp has programs and staff in several countries, including the European Union, the UK, China, India, Indonesia, Kenya, and the United States, with ongoing projects in various other countries.


Official website here: www.clasp.ngo

Is Clasp legitimate?

Clasp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Clasp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $637,745
Professional Fundraising Fees: $0
Other Salaries and Wages: $4,163,722

For more financial information, click here


Official website here: www.clasp.ngo

What is the mission statement of Clasp?

Clasp is an organization dedicated to enhancing the energy and environmental efficiency of everyday appliances and equipment. They collaborate with global experts and local stakeholders to develop and implement transformative policy and market solutions. Clasp's mission extends beyond its current presence in the European Union, the UK, China, India, Indonesia, Kenya, and the United States, as it also engages in projects in various countries, including Brazil, South Africa, Bangladesh, Pakistan, Rwanda, Tanzania, Ethiopia, Uganda, DRC, Sierra Leone, and Nigeria.


Official website here: www.clasp.ngo

Who is the CEO of Clasp?

Fred Sherman is the Chief Operating Officer of Clasp. The CEO's salary of Clasp is $353,187 and their total compensation is $383,481.


Official website here: www.clasp.ngo

What is the revenue of Clasp?

Clasp's revenue in 2022 was $21,103,602.


Official website here: www.clasp.ngo

Who are the executives of Clasp and what are their salaries?

The average compensation at Clasp during 2022 was $102,159. There are 47 employees and 12 volunteers at Clasp.

Here are 19 key members and their salaries (Clasp's CEO's salary is $353,187 and their total compensation is $383,481):

    Christine Egan (Chief Executive Officer)
  • Compensation: $353,187
  • Related: $0
  • Other: $30,294

    • Fred Sherman (Chief Operating Officer)
  • Compensation: $228,909
  • Related: $0
  • Other: $25,355

    • Corinne Schneider (Chief Communications & Development Officer)
  • Compensation: $209,945
  • Related: $0
  • Other: $23,161

    • Wendy Wen (Director Of Finance)
  • Compensation: $173,474
  • Related: $0
  • Other: $14,030

    • Nate Harris (Director Of Human Resources)
  • Compensation: $154,381
  • Related: $0
  • Other: $24,113

    • Ari Reeves (Senior Director Of Research)
  • Compensation: $135,838
  • Related: $0
  • Other: $26,544

    • Jennifer Smith (Chief Of Programs)
  • Compensation: $141,066
  • Related: $0
  • Other: $11,993

    • Stephen Wiel (Chairman) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Mollet (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sujeesh Krishnan (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Anibal De Almeida (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Demba Diop (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hilary Mcmahon (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Merrill Shugoll (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marie-Vincente Pasdeloup (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mirka Della Cava (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rose Mutiso (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joyita Mukherjee (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Astrid Vermeer (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.clasp.ngo

    Where can I find the form 990 for Clasp?

    The Clasp’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.clasp.ngo

    Learn more at the official website: www.clasp.ngo

    Mission Statement of Clasp

    Clasp, a renowned nonprofit organization, is dedicated to enhancing the energy and environmental efficiency of the everyday appliances and equipment we use. By collaborating with global experts and local stakeholders, Clasp develops and disseminates transformative policy and market solutions. The organization's mission is twofold: improving the energy performance of appliances and equipment, and promoting sustainable solutions.

    Clasp's extensive reach extends beyond national borders with programs and staff based in the European Union, the UK, China, India, Indonesia, Kenya, and the United States. Additionally, the organization has ongoing projects in various countries including Brazil, South Africa, Bangladesh, Pakistan, Rwanda, Tanzania, Ethiopia, Uganda, DRC, Sierra Leone, and Nigeria. Through these collaborations, Clasp strives to create a global impact on energy and environmental sustainability.

    In essence, Clasp plays a vital role in driving innovation and policy change to make the world's appliances and equipment more energy-efficient and environmentally friendly. The organization's mission is to create a sustainable future for all, one appliance at a time. By working with experts and stakeholders, Clasp aims to make a difference in people's lives and contribute to a greener planet.

    Impact

    This information is meant to be a general summary of Clasp. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Clasp's impact lies in its focus on data-driven, cost-effective interventions to mitigate the climate crisis and promote the uptake of super-efficient technologies. By collaborating with governments, industry, and other stakeholders, Clasp catalyzes markets for energy-efficient technologies, leading to several significant outcomes:

    1. Cost Savings: Energy-efficient appliances save money for governments and consumers, contributing to financial benefits at both levels.

    2. Peak Energy Demand Reduction: By promoting energy-efficient technologies, Clasp helps reduce peak energy demand, leading to a more stable and reliable energy grid.

    3. Economic and Energy Security: The promotion of energy-efficient technologies enhances economic and energy security by reducing dependency on traditional energy sources.

    4. Environmental Protection: By improving the energy and environmental performance of everyday appliances, Clasp contributes to reducing carbon emissions and combating climate change.

    Overall, Clasp's work drives market transformation, policy compliance, and enforcement in the realm of energy efficiency, leading to tangible benefits for the environment, economy, and society as a whole.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $42,103
  • Program Service Revenue: $789,706
  • Gross Receipts: $21,103,602

    • Assets and Liabilities:
  • Total Assets: $22,730,125
  • Total Liabilities: $19,487,782
  • Net Assets: $3,242,343
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    CONTRACTS

    Revenue

    $789,706

    Organization Details

    Founding Year

    2005

    Principal Officer

    Fred Sherman

    Main Address

    1401 K STREET NW 1100, WASHINGTON, DC, 20005

    NTEE Category

    Code: C35 - Environment

    If you are a representative of Clasp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.