E4thefuture EIN 22-2547170

E4thefuture FY2022 filing

EIN  22-2547170 Public charity (501(c)(3)) Franklin, MA
Form 990 (PDF)
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Size
$100K–1M
What they do
Advocates for clean energy policies and a strong efficiency sector to protect the climate and promote fairness.
Leadership
Stephen Cowell · President (until 10/7/2022) · $380K
Money in and out
$136K revenue, $3.8M expenses
Bottom line
65% program efficiency

Advocates for clean energy policies and a strong efficiency sector to protect the climate and promote fairness. For fiscal year 2022 it reported $136K in revenue, $3.8M in expenses, and $12.6M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$136K
Pt VIII · Ln 12
Total expenses
$3.8M
Pt IX · Ln 25
Net assets
$12.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3.6M
Where spending went · Part IX cols B–D
Program services $0.65 Management & general $0.35
Program efficiency
65%
of spending reaches programs
Operating runway
41.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
-2666%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$136K
FY2022▼ -90%
Expenses
$3.8M
FY2022▼ -9%
Total assets
$13.6M
FY2022▼ -30%
Total liabilities
$1.1M
FY2022▲ +8%
Total revenue
$136K
Pt VIII · Ln 12
Total expenses
$3.8M
Pt IX · Ln 25
Net assets
$12.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3.6M
Total assetsPt X · Ln 16$13.6M
Program-expense ratioPt IX · col B65%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

3 program services account for $2.5M of program spending, described in the organization's own filed words · FY2022.
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.

$1.0Mprogram 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.

$962Kprogram 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…

$492Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CE4thefuture
EINHdr · item D22-2547170
Principal addressHdr · item CFranklin, MA
WebsiteHdr · item Jwww.e4thefuture.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C350)
Ruling yearIRS BMFDec 1993

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b6
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

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President (until 10/7/2022)
$379,951Pt VII · Sec A
Executive Director (as of 11/14/2022)
$166,457Pt VII · Sec A
Director of Valuation
$162,724Pt VII · Sec A
Director of Energy Project
$154,190Pt VII · Sec A
Deputy Director
$115,597Pt VII · Sec A
SR. Manager Fed. & State Policy
$101,370Pt VII · Sec A
CFO and Clerk
$44,719Pt VII · Sec A
Chair/Director
$7,115Pt VII · Sec A

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

NameFY2024FY2023FY2022FY2021FY2020
Stephen Cowell$218,476$282,795$379,951$292,798$297,114
Patricia Stanton$267,235$212,405$166,457$148,859$151,638
Paula McNulty$205,719$185,028$115,597$100,047
Susan Buchan$203,818$183,333$154,190$135,913$145,487
Julie Michals$192,753$170,850$162,724$158,427
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.

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Statement of Revenue

Part VIII
Contributions & grants$92K · 68%
Program service revenue$71K · 52%
Contributions & grants68%$92K
Program service revenue52%$71K
Total revenueLn 12$136K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.65 Management & general $0.35
Program services65%$2.5M
Management & general35%$1.3M
Total functional expensesLn 25$3.8M

Balance Sheet

Part X · end of year
CashLn 1$398K
Total assetsLn 16$13.6M
Total liabilitiesLn 26$1.1M
Total net assetsLn 32$12.6M
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $13.2M · Operating expenses/yr $3.8M
41.9 months
Where the money goes
Program services
Program services $2.5M · Total expenses $3.8M
65%
Management & General
Management & general $1.3M · Total expenses $3.8M
35%
Fundraising
Fundraising $0 · Total expenses $3.8M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $77K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $92K · Total revenue $136K
68%
Government reliance
Government grants — · Total revenue $136K
Earned-income share
Program service revenue $71K · Total revenue $136K
52%
Investment reliance
Investment income $-60K · Total revenue $136K
-44%
Program self-sufficiency
Program service revenue $71K · Total expenses $3.8M
2%
Growth & trend
Revenue growth (YoY)
This year $136K · Prior year $1.4M
-90%
Net-asset trend (YoY)
End of year $12.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $136K · Expenses $3.8M
-2666%
Liabilities-to-Assets
Total liabilities — · Total assets $13.6M
Net-asset ratio
Net assets $12.6M · Total assets $13.6M
92%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $12.3M · Other securities (Pt X, ln 12) $458K · Total assets (Pt X, ln 16) $13.6M
94%
People & payroll
Highest Reported Total Compensation
Individual Stephen Cowell · Reported title PRESIDENT (UNTIL 10/7/2022) · Highest reported compensation $380K · Total expenses $3.8M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.4M · Total expenses $3.8M
64%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 65%
Overhead ratio 35%
Fundraising cost ratio 0%
Revenue growth -90%
Investment management fee ratio 1%
Legal fee ratio 3%
Accounting fee ratio 1%

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.

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 2 funders$225K
Grants paid · 60 grants · $3.1M · 2020–2024
Bw ResearchFY2024$25,000
Northeast Clean Energy CouncilMA · FY2023$90,000
Arise INCMA · FY2023$40,000
Bw ResearchFY2023$25,000
Applied Economic Advancement DBA Economic Advancement Research InstituteFY2022$25,020
Green Eco Warriors INCCT · FY2022$25,000
See all 60 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$676K revenue · ⤓ 990 PDF
FY2023$2.9M revenue · ⤓ 990 PDF
FY2022$136K revenue · viewing · ⤓ 990 PDF
FY2021$1.4M revenue · ⤓ 990 PDF
FY2020$2.3M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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