Poweroptions INC FY2022 filing

Not tax-deductible

Boston, MA501(c)(4)Since 1989Human ServicesEIN 22-3041893Revenue $2.9M in FY2022

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.

85¢ of each $1 spent went to programs.
$1.1M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.1M
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$798K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.9M
-14% vs prior year
Spent
$2.9M
To programs
85%
Net assets
$6.8M
By yearFY2020–FY2025
Revenue
$2.9M
FY2022▼ -14%
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
$2.9M
FY2022▲ +10%
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
$6.8M
FY2022▼ -14%
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 FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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

85 cents of each dollar spent went to programs.

Program services 85% · $2.4M Management & general 15% · $438K

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

18 people listed on the 990; $1.1M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President and CEO
$323,325Pt VII · Sec A
Executive Vice President
$239,711Pt VII · Sec A
Vice President of Marketing
$160,958Pt VII · Sec A
Business Development Manager
$144,491Pt VII · Sec A
Director of Innovation
$131,667Pt VII · Sec A
Senior Program Manager
$103,525Pt VII · Sec A
Secretary & Clerk
$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 · $2.4M · in their own filed words · FY2021
01

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.

$2.4Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$2.9M
Ln 12
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$240K
Gifts and grantsLn 1h$8K
Money outPt IX
$2.9M
Ln 25
Programscol B$2.4M
Managementcol C$438K
Owns and owesPt X
$6.8M
net assets · Ln 32
Cash and savingsLn 1–2$494K
Total assetsLn 16$7.6M
LiabilitiesLn 26$798K
PeoplePt VI, VII
18
listed · VII A
PaidVII A6
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$8K
Fees for servicesLn 2g$2.6M
Investment incomeLn 3$240K
Gains on assetsLn 7$111K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
CashLn 1$465K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$494K
InvestmentsLn 11–13$6.8M
Land, buildings, equipmentLn 10c$18K
Other assetsLn 15$30K
Total assetsLn 16$7.6M
LiabilitiesLn 26$798K
Net assetsLn 32$6.8M
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 FY22End FY22
Cash and savingsLn 1–2$682K$494K
InvestmentsLn 11–13$7.8M$6.8M
Land, buildings, equipmentLn 10c$27K$18K
Total assetsLn 16$8.7M$7.6M
LiabilitiesLn 26$784K$798K
Net assetsLn 32$7.9M$6.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$702K$631K$70K
Other salaries and wagesLn 7$969K$886K$83K
Pension plan contributionsLn 8$89K$81K$8K
Other employee benefitsLn 9$166K$152K$15K
Payroll taxesLn 10$110K$100K$10K
Management feesLn 11a$287K$238K$48K
Legal feesLn 11b$90K$72K$17K
Accounting feesLn 11c$89K$89K
Lobbying feesLn 11d$30K$30K
Investment management feesLn 11f$56K$56K
Advertising and promotionLn 12$48K$48K
Office expensesLn 13$12K$11K$1K
Information technologyLn 14$49K$45K$3K
OccupancyLn 16$87K$78K$9K
TravelLn 17$7K$7K
Depreciation, depletion and amortizationLn 22$13K$12K$1K
InsuranceLn 23$25K$3K$23K
Other expenses (24a–d)Ln 24$58K$53K$5K
Total functional expensesLn 25$2.9M$2.4M$438K$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 Viewing $2.9M$2.9M$6K$6.8M 990 PDF
FY2021 $3.3M$2.6M$715K$7.9M 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $2,891,389 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$7,500
I-9 Program service revenuePrior year $2,806,061$2,643,748
I-10 Investment incomePrior year $541,784$240,141
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $3,347,845$2,891,389
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 $1,754,118$2,035,600
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $878,634$849,995
I-18 Total expensesPrior year $2,632,752$2,885,595
I-19 Revenue less expensesPrior year $715,093$5,794
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $2,891,389 across 6 lines filed
VIII-1f All other contributions, gifts and grants$7,500
VIII-1h Total contributions, gifts and grants$7,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,643,748$2,643,748
VIII-3 Investment incomeExcluded from tax $128,873$128,873
VIII-7 Net gain or loss on sales of assetsExcluded from tax $111,268$111,268
VIII-12 Total revenueRelated to mission $2,643,748 · Unrelated business $0 · Excluded from tax $240,141$2,891,389
Part IX · Statement of functional expenses $2,885,595 across 18 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $631,360 · Management $70,152$701,512
IX-7 Other salaries and wagesPrograms $886,433 · Management $82,740$969,173
IX-8 Pension plan contributionsPrograms $81,342 · Management $7,624$88,966
IX-9 Other employee benefitsPrograms $151,566 · Management $14,757$166,323
IX-10 Payroll taxesPrograms $99,649 · Management $9,977$109,626
IX-11a Management feesPrograms $238,411 · Management $48,238$286,649
IX-11b Legal feesPrograms $72,459 · Management $17,346$89,805
IX-11c Accounting feesManagement $88,705$88,705
IX-11d Lobbying feesPrograms $30,110$30,110
IX-11f Investment management feesManagement $55,850$55,850
IX-12 Advertising and promotionPrograms $47,608$47,608
IX-13 Office expensesPrograms $11,168 · Management $1,241$12,409
IX-14 Information technologyPrograms $45,480 · Management $3,242$48,722
IX-16 OccupancyPrograms $78,468 · Management $8,719$87,187
IX-17 TravelPrograms $6,905$6,905
IX-22 Depreciation, depletion and amortizationPrograms $11,634 · Management $1,293$12,927
IX-23 InsurancePrograms $2,549 · Management $22,943$25,492
IX-24 Other expenses (24a–d)Programs $52,945 · Management $4,681$57,626
IX-25 Total functional expensesPrograms $2,448,087 · Management $437,508 · Fundraising $0$2,885,595
Part X · Balance sheet $7,567,467 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $651,916$464,617
X-2 Savings and temporary cash investmentsStart of year $29,617$29,647
X-4 Accounts receivableStart of year $138,416$141,708
X-9 Prepaid expenses and deferred chargesStart of year $19,480$48,988
X-10c Land, buildings and equipment, netStart of year $27,089$17,842
X-11 Publicly traded securitiesStart of year $7,778,504$6,835,109
X-15 Other assetsStart of year $29,556$29,556
X-16 Total assetsStart of year $8,674,578$7,567,467
X-17 Accounts payable and accrued expensesStart of year $363,096$461,560
X-19 Deferred revenueStart of year $420,545$336,833
X-26 Total liabilitiesStart of year $783,641$798,393
X-27 Net assets without donor restrictionsStart of year $7,890,937$6,769,074
X-32 Total net assets or fund balancesStart of year $7,890,937$6,769,074
X-33 Total liabilities and net assetsStart of year $8,674,578$7,567,467
Part XI · Reconciliation of net assets $6,769,074 net assets at year end
XI-1 Total revenue$2,891,389
XI-2 Total expenses$2,885,595
XI-3 Revenue less expenses$5,794
XI-4 Net assets at start of year$7,890,937
XI-5 Net unrealized gains (losses) on investments−$1,127,657
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$6,769,074

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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