Totals
- Total revenue
- $3,789,504
- Total expenses
- $3,674,773
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $3,524,367
- Investment income
- $265,137
- Other revenue
- $0
- Total assets, end of year
- $8,290,776
- Total liabilities, end of year
- $979,935
- Net assets or fund balances, end of year
- $7,310,841
- Program services expenses (Part IX)
- $2,862,159
- Management and general expenses
- $812,614
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,862,159
Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
2a · Program service revenue: ENERGY SUPPLIER CONTRACT FEES
total $3,270,145 · related or exempt $3,270,145
-
2b · Program service revenue: PROGRAM PARTICIPATION FEE
total $254,222 · related or exempt $254,222
-
3 · Investment income
total $157,007 · excluded $157,007
-
7a · Gross sales of assets other than inventory
securities $1,191,763
-
7b · Less cost or other basis and sales expenses
securities $1,083,633
-
7c · Gain or loss
securities $108,130
-
7d · Net gain or loss
total $108,130 · excluded $108,130
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $712,474 · program services $641,227 · management and general $71,247
-
7 · Other salaries and wages
total $1,273,794 · program services $1,054,925 · management and general $218,869
-
8 · Pension plan contributions
total $101,657 · program services $85,666 · management and general $15,991
-
9 · Other employee benefits
total $191,455 · program services $163,812 · management and general $27,643
-
10 · Payroll taxes
total $146,867 · program services $126,605 · management and general $20,262
-
11b · Fees: legal
total $216,707 · program services $200,196 · management and general $16,511
-
11c · Fees: accounting
total $101,783 · management and general $101,783
-
11d · Fees: lobbying
total $30,000 · management and general $30,000
-
11f · Fees: investment management
total $50,811 · management and general $50,811
-
11g · Fees: other
total $338,786 · program services $204,944 · management and general $133,842
-
12 · Advertising and promotion
total $67,466 · program services $67,216 · management and general $250
-
13 · Office expenses
total $8,520 · management and general $8,520
-
14 · Information technology
total $82,204 · program services $74,497 · management and general $7,707
-
16 · Occupancy
total $80,171 · program services $72,154 · management and general $8,017
-
17 · Travel
total $21,182 · program services $6,269 · management and general $14,913
-
22 · Depreciation, depletion and amortization
total $9,170 · management and general $9,170
-
23 · Insurance
total $24,847 · management and general $24,847
-
24a · Other expenses: MISCELLANEOUS
total $216,879 · program services $164,648 · management and general $52,231
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $464,617 · end of year $612,137
-
2 · Savings and temporary cash investments
beginning of year $29,647 · end of year $29,676
-
4 · Accounts receivable
beginning of year $141,708 · end of year $211,974
-
9 · Prepaid expenses and deferred charges
beginning of year $48,988 · end of year $45,977
-
10a · Land, buildings and equipment: cost or other basis
$184,412
-
10b · Land, buildings and equipment: accumulated depreciation
$165,924
-
10c · Land, buildings and equipment, net
beginning of year $17,842 · end of year $18,488
-
11 · Investments: publicly traded securities
beginning of year $6,835,109 · end of year $7,276,442
-
15 · Other assets
beginning of year $29,556 · end of year $96,082
-
17 · Accounts payable and accrued expenses
beginning of year $461,560 · end of year $502,605
-
19 · Deferred revenue
beginning of year $336,833 · end of year $402,845
-
25 · Other liabilities
beginning of year $0 · end of year $74,485
-
27 · Net assets without donor restrictions
beginning of year $6,769,074 · end of year $7,310,841
Mission and programs · 2022
Mission
THE MISSION OF POWEROPTIONS IS TO EMPOWER NON-PROFITS AND PUBLIC ENTITIES WITH SOLUTIONS TO REDUCE THE COST, CARBON, AND COMPLEXITY OF ENERGY. IT LEVERAGES ITS LARGE NON-PROFIT MEMBERSHIP TO SECURE FAVORABLE PRICING TERMS AND CONDITIONS FOR ENERGY AND ENERGY RELATED SERVICES IN THE COMPETITIVE MARKET. IN DOING SO, POWEROPTIONS HELPS ITS MEMBERS SAVE MONEY THAT CAN BE DEPLOYED IN THE FURTHERANCE OF THE MISSIONS OF THE INDIVIDUAL NON-PROFIT ORGANIZATIONS IN THE CONSORTIUM.
Activities or mission (Part I)
TO EMPOWER NON-PROFITS AND PUBLIC ENTITIES WITH SOLUTIONS TO REDUCE THE COST, CARBON, AND COMPLEXITY OF ENERGY. BY LEVERAGING THE CONSORTIUM, AND THROUGH OUR EXPERTISE AND ADVOCACY, WE ENABLE OUR MEMBERS TO FOCUS ON THEIR OWN IMPORTANT MISSIONS AND COMMUNITIES.
-
POWEROPTIONS CONDUCTS COMPETITIVE PROCUREMENTS FOR ENERGY AND ENERGY RELATED SERVICES ON BEHALF OF THE CONSORTIUM OF MORE THAN 450 MEMBERS. THIS REQUIRES THE HIRING OF CONSULTANTS AND LEGAL SERVICES TO EVALUATE AND NEGOTIATE THE TERMS AND CONDITIONS FOR THE MEMBERS. ON AN ON-GOING BASIS, POWEROPTIONS STAFF FACILITATES THE ADMINISTRATION AND THE MARKETING OF THE PROGRAM, ASSISTS MEMBERS WITH BILLING DISPUTES WITH THE SUPPLIERS AND DEVELOPS NEW PROGRAM OPTIONS FOR THE CONSORTIUM.
Expenses $2,862,159 · Revenue $3,524,367
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Heather TakleHEATHER TAKLE
PRESIDENT AND CEO
- Total calculated
- $403,197
- From this org
- $352,493
- From related orgs
- $0
- Other
- $50,704
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $295,204
- Bonus
- $57,289
- Other
- $0
- Deferred
- $27,680
- Nontaxable benefits
- $23,024
- Filer's total
- $403,197
-
Margaret LusardiMARGARET LUSARDI
EXECUTIVE VICE PRESIDENT
- Total calculated
- $279,804
- From this org
- $248,161
- From related orgs
- $0
- Other
- $31,643
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $215,277
- Bonus
- $32,884
- Other
- $0
- Deferred
- $22,317
- Nontaxable benefits
- $9,326
- Filer's total
- $279,804
-
Liam SullivanLIAM SULLIVAN
VICE PRESIDENT OF MARKETING
- Total calculated
- $197,279
- From this org
- $165,211
- From related orgs
- $0
- Other
- $32,068
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $151,491
- Bonus
- $13,720
- Other
- $0
- Deferred
- $15,037
- Nontaxable benefits
- $17,031
- Filer's total
- $197,279
-
Rita A Moran GreinmanRITA A MORAN GREINMAN
BUSINESS DEVELOPMENT MANAGER
- Total calculated
- $164,824
- From this org
- $147,753
- From related orgs
- $0
- Other
- $17,071
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,640
- Bonus
- $12,113
- Other
- $0
- Deferred
- $13,331
- Nontaxable benefits
- $3,740
- Filer's total
- $164,824
-
Kristen A PatneaudeKRISTEN A PATNEAUDE
DIRECTOR OF INNOVATION
- Total calculated
- $162,220
- From this org
- $132,215
- From related orgs
- $0
- Other
- $30,005
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $119,741
- Bonus
- $12,474
- Other
- $0
- Deferred
- $12,539
- Nontaxable benefits
- $17,466
- Filer's total
- $162,220
-
Erin CampERIN CAMP
ESA PROGRAM MANAGER
- Total calculated
- $150,568
- From this org
- $118,847
- From related orgs
- $0
- Other
- $31,721
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $112,847
- Bonus
- $6,000
- Other
- $0
- Deferred
- $9,724
- Nontaxable benefits
- $21,997
- Filer's total
- $150,568
-
Walter GrayWALTER GRAY
PROGRAM MANAGER
- Total calculated
- $134,441
- From this org
- $115,225
- From related orgs
- $0
- Other
- $19,216
- Hours/week
- 40
-
Janet Gail BesserJANET GAIL BESSER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
John CochraneJOHN COCHRANE
VICE CHAIR & TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Robert Ruddock EsqROBERT RUDDOCK ESQ
SECRETARY & CLERK
- Total calculated
- $0
- Hours/week
- 1
-
Laura BartschLAURA BARTSCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Greg KingGREG KING
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Tina BennettTINA BENNETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Barbara Kates-GarnickBARBARA KATES-GARNICK
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Patricia BegrowiczPATRICIA BEGROWICZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Frederick KleinFREDERICK KLEIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas E RogersTHOMAS E ROGERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Dana RancourtDANA RANCOURT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Macky McClearyMACKY MCCLEARY
TRUSTEE (UNTIL 5/2023)
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 27 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343119349304114
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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