E4thefuture INC FY2021 filing

Franklin, MA · Public charity (501(c)(3)) · Since 1984 · Environment

✓ Tax-deductible Latest data FY2021
Revenue
$1.4M
▼ -42% vs prior year
Spent
$4.1M
To programs
87%
Net assets
$18.4M
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Yes — filed FY2025
Foundation funders?
2 funders, incl. The Joyce Foundation
$225K in the latest grant year.
Spent on programs?
87% to programs
Form 990 Part IX, latest filing.
Size and trend
$100K–1M
↓ -42% vs prior year
Legal name (IRS)Hdr · item CE4thefuture INC
EINHdr · item D22-2547170
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 1993
Year of formationHdr · item L1984
Latest filingForm 990FY2025 · Form 990
Principal addressHdr · item CFranklin, MA
NTEE classificationIRS BMFEnvironment (C350)
WebsiteHdr · item Jwww.e4thefuture.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$3.6M
Management & general13%$552K
Total functional expensesLn 25$4.1M

Financial health

Revenue & expenses by yearFY2020–FY2025
Revenue
$1.4M
FY2021▼ -42%
Expenses
$4.1M
FY2021▼ -2%
Program efficiency
87%
of spending reaches programs
Operating runway
55.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-203%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$19.4M
FY2021▼ -11%
Total liabilities
$999K
FY2021▲ +1.0%
Revenue less expensesPt I · Ln 19−$2.8M
Total assetsPt X · Ln 16$19.4M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Balance Sheet

Part X · end of year
CashLn 1$506K
Total assetsLn 16$19.4M
Total liabilitiesLn 26$999K
Total net assetsLn 32$18.4M
Months of cash on handcomputed1.5

Statement of Revenue

Part VIII
Investment income$1.2M · 91%
Contributions & grants$118K · 9%
Investment income91%$1.2M
Contributions & grants9%$118K
Other revenue$631
Total revenueLn 12$1.4M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $19.3M · Operating expenses/yr $4.1M
55.9 months
Where the money goes
Program services
Program services $3.6M · Total expenses $4.1M
87%
Management & General
Management & general $552K · Total expenses $4.1M
13%
Fundraising
Fundraising $0 · Total expenses $4.1M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $69K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $118K · Total revenue $1.4M
9%
Government reliance
Government grants — · Total revenue $1.4M
—
Earned-income share
Program service revenue $0 · Total revenue $1.4M
0%
Investment reliance
Investment income $1.2M · Total revenue $1.4M
+91%
Program self-sufficiency
Program service revenue $0 · Total expenses $4.1M
0%
Growth & trend
Revenue growth (YoY)
This year $1.4M · Prior year $2.3M
-42%
Net-asset trend (YoY)
End of year $18.4M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.4M · Expenses $4.1M
-203%
Liabilities-to-Assets
Total liabilities — · Total assets $19.4M
—
Net-asset ratio
Net assets $18.4M · Total assets $19.4M
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $18.3M · Other securities (Pt X, ln 12) $458K · Total assets (Pt X, ln 16) $19.4M
97%
People & payroll
Highest Reported Total Compensation
Individual Stephen Cowell · Reported title PRESIDENT · Highest reported compensation $293K · Total expenses $4.1M
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.6M · Total expenses $4.1M
39%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%——
Overhead ratio 13%——
Fundraising cost ratio 0%——
Revenue growth -42%——
Investment management fee ratio 0.5%——
Legal fee ratio 0.4%——
Accounting fee ratio 0.5%——

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.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$292,798Pt VII · Sec A
Director of Clean Energy Valuation
$158,427Pt VII · Sec A
Director of Policy
$148,859Pt VII · Sec A
Director of Energy Projects
$135,913Pt VII · Sec A
Director of Operations
$100,047Pt VII · Sec A
CFO and Clerk
$26,395Pt VII · Sec A
Chair/Director
$6,800Pt VII · Sec A
Treasurer/Director
$2,800Pt VII · Sec A

Julie Michals’s $274K as Director of Valuation is at the 100th percentile of top reported officer pay among 1989 $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.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Stephen Cowell—$218,476$282,795$379,951$292,798$297,114
Julie Michals$273,605$192,753$170,850$162,724$158,427—
Patricia Stanton$252,601$267,235$212,405$166,457$148,859$151,638
Paula McNulty$206,376$205,719$185,028$115,597$100,047—
Susan Buchan—$203,818$183,333$154,190$135,913$145,487
Julie Michaels—————$164,990
Carol Harley—$131,576————
Audrey Bragg———$101,370——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See E4thefuture INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Mission and programs

Advocates for clean energy policies and a strong efficiency sector to protect the climate and promote fairness.

Provided by the organization

This section is blank until E4thefuture INC claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

3 program services account for $3.6M of program spending, described in the organization's own filed words · FY2021.
01

Federal and state policy supportsupport selected federal and state state-level campaigns where the residential clean energy policy environment is at risk or can be significantly advanced. Focus E4THEFUTURE resources and leadership on states in which it can have a significant impact on policy.

$1.8Mprogram expense
02

Strengthen the industryprovide leadership to drive collaboration among industry participants. Develop standards to improve the process in which utility customer-funded electricity and natural gas energy efficiency resources are assessed for cost-effectiveness and compared to other resource investments.

$1.5Mprogram expense
03

Community clean energy project (ccep)the purpose of the project is to develop clean energy programs and pilots to provide disadvantaged communities with equitable access to clean energy. A majority of these projects focus on reducing green house gas emmissions through transportation electrification and shared mobility in environmental…

$333Kprogram expense

Run this program? Claim this org to tell your story

Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$225K
Grants paid · 67 grants · $7.1M · 2020–2025
See all 67 grants →

Filing history

YearRevenueExpensesChangeFiling
FY2025 Latest $465K$6.4M-31% 990 PDF
FY2024 $676K$3.8M-77% 990 PDF
FY2023 $2.9M$3.7M×21 990 PDF
FY2022 $136K$3.8M-90% 990 PDF
FY2021 Viewing $1.4M$4.1M-42% 990 PDF
FY2020 $2.3M$4.2M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like E4thefuture INC →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.