Poweroptions INC FY2020 filing

Not tax-deductible

Boston, MA501(c)(4)Since 1989Human ServicesEIN 22-3041893Revenue $3.1M in FY2020

On file with the IRSpoweroptions.org129 South St 6 Floor, 02111-2837 · Boston, MATax-exempt since Mar 2017Supporting organization — 509(a)(3)

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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.

80¢ of each $1 spent went to programs.
$949K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $238K a year · 6% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$949K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$802K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.1M
Spent
$3.1M
To programs
80%
Net assets
$6.3M
By yearFY2020–FY2025
Revenue
$3.1M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$2.9M
FY2023$3.8M
FY2024$5.2M
FY2025$6.5M
Expenses
$3.1M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$3.1M
FY2021$2.6M
FY2022$2.9M
FY2023$3.7M
FY2024$4.7M
FY2025$6.3M
Net assets
$6.3M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.3M
FY2021$7.9M
FY2022$6.8M
FY2023$7.3M
FY2024$8.4M
FY2025$8.9M

From the FY2020 Form 990 (year ending June 2020) · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2017.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

80 cents of each dollar spent went to programs.

Program services 80% · $2.5M Management & general 20% · $619K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

17 people listed on the 990; $949K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
President and CEO
$314,629Pt VII · Sec A
Executive Vice President
$226,809Pt VII · Sec A
Vice President of Marketing
$149,087Pt VII · Sec A
Business Development Manag
$139,929Pt VII · Sec A
Director of Innovation
$118,393Pt VII · Sec A
President and CEO (resigned June 20)
$0Pt VII · Sec A
Vice Chair and Treasurer (resigned June 20)
$0Pt VII · Sec A
$0Pt VII · Sec A

Heather Takle’s $398K as President and CEO is at the 99th percentile of top reported officer pay among 3868 $1–10M human services 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
Heather Takle$397,979$379,234$352,493$323,325$286,764—
Cynthia Arcate————$47,993$314,629
Margaret Lusardi$222,866$255,718$248,161$239,711$257,771$226,809
Liam Sullivan$180,529$170,571$165,211$160,958$158,648$149,087
Rita a Moran Greinman$159,038$152,025$147,753———
Erin Camp$147,853$129,306$118,847———
Walter Gray$147,671$136,764$115,225———
Rita a Moran Greiman———$144,491$146,004$139,929

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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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Helps non-profits and public entities cut energy costs, carbon, and complexity.

Provided by the organization

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1 program · $2.5M · in their own filed words · FY2019
01

Poweroptions conducts competitive procurements for energy and energy related services on behalf of the consortium of more than 400 members. This requires the hiring of consultants and legal services to evaluate and negotiate the terms and conditions for the members.

$2.5Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 4 grants · $264K · 2023–2024
Umass Amherst - Isenberg School of ManagementFY2024$7,500
Town of Arlington MassachusettsFY2023$174,000
Adl VenturesFY2023$45,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$3.1M
Ln 12
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$228K
Money outPt IX
$3.1M
Ln 25
Programscol B$2.5M
Managementcol C$619K
Owns and owesPt X
$6.3M
net assets · Ln 32
Cash and savingsLn 1–2$468K
Total assetsLn 16$7.1M
LiabilitiesLn 26$802K
PeoplePt VI, VII
17
listed · VII A
PaidVII A5
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$228K
Gains on assetsLn 7$98K
Total revenueLn 12$3.1M
Assets in detailPt X, end of year
CashLn 1$438K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$468K
InvestmentsLn 11–13$6.4M
Land, buildings, equipmentLn 10c$19K
Other assetsLn 15$30K
Total assetsLn 16$7.1M
LiabilitiesLn 26$802K
Net assetsLn 32$6.3M
OperationsPt I, VI
EmployeesI 513
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$463K$468K
InvestmentsLn 11–13$6.3M$6.4M
Land, buildings, equipmentLn 10c$31K$19K
Total assetsLn 16$7.0M$7.1M
LiabilitiesLn 26$920K$802K
Net assetsLn 32$6.1M$6.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$899K$809K$90K
Other salaries and wagesLn 7$572K$514K$57K
Pension plan contributionsLn 8$57K$51K$6K
Other employee benefitsLn 9$117K$105K$12K
Payroll taxesLn 10$93K$84K$9K
Legal feesLn 11b$130K$104K$26K
Accounting feesLn 11c$102K$102K
Lobbying feesLn 11d$58K$58K
Investment management feesLn 11f$47K$47K
Other fees for servicesLn 11g$431K$215K$217K
Advertising and promotionLn 12$214K$214K
Office expensesLn 13$9K$8K$921
Information technologyLn 14$42K$38K$4K
OccupancyLn 16$208K$187K$21K
TravelLn 17$36K$36K
Depreciation, depletion and amortizationLn 22$11K$10K$1K
InsuranceLn 23$25K$3K$23K
Other expenses (24a–d)Ln 24$39K$35K$4K
Total functional expensesLn 25$3.1M$2.5M$619K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$6.3M$156K$8.9M 990 PDF
FY2024 $5.2M$4.7M$413K$8.4M 990 PDF
FY2023 $3.8M$3.7M$115K$7.3M 990 PDF
FY2022 $2.9M$2.9M$6K$6.8M 990 PDF
FY2021 $3.3M$2.6M$715K$7.9M 990 PDF
FY2020 Viewing $3.1M$3.1M$26K$6.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $3,114,285 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $2,983,872$2,886,066
I-10 Investment incomePrior year $377,322$228,219
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,361,194$3,114,285
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,696,806$1,737,060
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,492,282$1,351,285
I-18 Total expensesPrior year $3,189,088$3,088,345
I-19 Revenue less expensesPrior year $172,106$25,940
Part VI · Governance 8 of 8 board members independent, no flags
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $3,114,285 across 4 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,886,066$2,886,066
VIII-3 Investment incomeExcluded from tax $130,644$130,644
VIII-7 Net gain or loss on sales of assetsExcluded from tax $97,575$97,575
VIII-12 Total revenueRelated to mission $2,886,066 · Unrelated business $0 · Excluded from tax $228,219$3,114,285
Part IX · Statement of functional expenses $3,088,345 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $808,962 · Management $89,885$898,847
IX-7 Other salaries and wagesPrograms $514,448 · Management $57,161$571,609
IX-8 Pension plan contributionsPrograms $51,055 · Management $5,672$56,727
IX-9 Other employee benefitsPrograms $104,912 · Management $11,769$116,681
IX-10 Payroll taxesPrograms $83,876 · Management $9,320$93,196
IX-11b Legal feesPrograms $103,906 · Management $25,977$129,883
IX-11c Accounting feesManagement $101,859$101,859
IX-11d Lobbying feesPrograms $57,500$57,500
IX-11f Investment management feesManagement $46,719$46,719
IX-11g Other fees for servicesPrograms $214,538 · Management $216,596$431,134
IX-12 Advertising and promotionPrograms $213,532$213,532
IX-13 Office expensesPrograms $8,286 · Management $921$9,207
IX-14 Information technologyPrograms $37,976 · Management $4,220$42,196
IX-16 OccupancyPrograms $187,371 · Management $20,819$208,190
IX-17 TravelPrograms $36,178$36,178
IX-22 Depreciation, depletion and amortizationPrograms $10,048 · Management $1,116$11,164
IX-23 InsurancePrograms $2,511 · Management $22,602$25,113
IX-24 Other expenses (24a–d)Programs $34,611 · Management $3,999$38,610
IX-25 Total functional expensesPrograms $2,469,710 · Management $618,635 · Fundraising $0$3,088,345
Part X · Balance sheet $7,129,167 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $433,386$438,414
X-2 Savings and temporary cash investmentsStart of year $29,511$29,570
X-4 Accounts receivableStart of year $110,405$156,858
X-9 Prepaid expenses and deferred chargesStart of year $29,528$15,406
X-10c Land, buildings and equipment, netStart of year $30,526$19,362
X-11 Publicly traded securitiesStart of year $6,329,163$6,440,001
X-15 Other assetsStart of year $29,556$29,556
X-16 Total assetsStart of year $6,992,075$7,129,167
X-17 Accounts payable and accrued expensesStart of year $557,330$410,509
X-19 Deferred revenueStart of year $362,487$391,063
X-26 Total liabilitiesStart of year $919,817$801,572
X-27 Net assets without donor restrictionsStart of year $6,072,258$6,327,595
X-32 Total net assets or fund balancesStart of year $6,072,258$6,327,595
X-33 Total liabilities and net assetsStart of year $6,992,075$7,129,167
Part XI · Reconciliation of net assets $6,327,595 net assets at year end
XI-1 Total revenue$3,114,285
XI-2 Total expenses$3,088,345
XI-3 Revenue less expenses$25,940
XI-4 Net assets at start of year$6,072,258
XI-5 Net unrealized gains (losses) on investments$229,397
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,327,595

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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