Poweroptions INC FY2024 filing

Not tax-deductible

Boston, MA501(c)(4)Since 1989Human ServicesEIN 22-3041893

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.

67¢ of each $1 spent went to programs.
$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · 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
67%
of spending
Fine: 67% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.3M
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.3M
14% of total assets
Looks good: liabilities are 14% 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
$5.2M
+36% vs prior year
Spent
$4.7M
To programs
67%
Net assets
$8.4M
By yearFY2020–FY2025
Revenue
$5.2M
FY2024▲ +36%
Revenue by fiscal year
FY2020$3.1M
FY2021$3.3M
FY2022$2.9M
FY2023$3.8M
FY2024$5.2M
FY2025$6.5M
Expenses
$4.7M
FY2024▲ +29%
Expenses by fiscal year
FY2020$3.1M
FY2021$2.6M
FY2022$2.9M
FY2023$3.7M
FY2024$4.7M
FY2025$6.3M
Net assets
$8.4M
FY2024▲ +15%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

67 cents of each dollar spent went to programs.

Program services 67% · $3.2M Management & general 33% · $1.6M

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

Who runs it and what they're paid

19 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President and CEO
$379,234Pt VII · Sec A
Executive Vice President
$255,718Pt VII · Sec A
Vice President of Marketing
$170,571Pt VII · Sec A
Business Development Manager
$152,025Pt VII · Sec A
Program Manager
$136,764Pt VII · Sec A
Esa Program Manager
$129,306Pt VII · Sec A
Senior Program Manager
$122,830Pt 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.

See Poweroptions INC executive salaries →

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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 service account for $3.2M of program spending, described in the organization's own filed words · FY2023.
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.

$3.2Mprogram expense

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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 FY2024 990, line by line.

1The main four
Money inPt VIII
$5.2M
Ln 12
Fees for servicesLn 2g$4.5M
Investment incomeLn 3$390K
Gifts and grantsLn 1h$224K
Money outPt IX
$4.7M
Ln 25
Programscol B$3.2M
Managementcol C$1.6M
Owns and owesPt X
$8.4M
net assets · Ln 32
Cash and savingsLn 1–2$590K
Total assetsLn 16$9.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
19
listed · VII A
PaidVII A7
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$224K
Government grantsLn 1e$224K
Fees for servicesLn 2g$4.5M
Investment incomeLn 3$390K
Gains on assetsLn 7$227K
Total revenueLn 12$5.2M
Assets in detailPt X, end of year
CashLn 1$560K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$590K
InvestmentsLn 11–13$8.3M
Land, buildings, equipmentLn 10c$13K
Other assetsLn 15$266K
Total assetsLn 16$9.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$8.4M
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 FY24End FY24
Cash and savingsLn 1–2$642K$590K
InvestmentsLn 11–13$7.3M$8.3M
Land, buildings, equipmentLn 10c$18K$13K
Total assetsLn 16$8.3M$9.8M
LiabilitiesLn 26$980K$1.3M
Net assetsLn 32$7.3M$8.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$219K$219K
Pay of current officers, directors and key staffLn 5$772K$695K$77K
Other salaries and wagesLn 7$1.9M$1.2M$691K
Pension plan contributionsLn 8$152K$94K$58K
Other employee benefitsLn 9$203K$134K$69K
Payroll taxesLn 10$200K$138K$62K
Legal feesLn 11b$125K$86K$39K
Accounting feesLn 11c$107K$107K
Lobbying feesLn 11d$31K$31K
Investment management feesLn 11f$55K$55K
Other fees for servicesLn 11g$413K$243K$170K
Advertising and promotionLn 12$81K$78K$3K
Office expensesLn 13$17K$17K
Information technologyLn 14$115K$55K$60K
OccupancyLn 16$81K$73K$8K
TravelLn 17$27K$14K$13K
Depreciation, depletion and amortizationLn 22$12K$12K
InsuranceLn 23$25K$25K
Other expenses (24a–d)Ln 24$229K$171K$58K
Total functional expensesLn 25$4.7M$3.2M$1.6M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $6.5M$6.3M$156K$8.9M 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,160,023 across 6 lines filed
VIII-1e Government grants$223,500
VIII-1h Total contributions, gifts and grants$223,500
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,546,361$4,546,361
VIII-3 Investment incomeExcluded from tax $163,109$163,109
VIII-7 Net gain or loss on sales of assetsExcluded from tax $227,053$227,053
VIII-12 Total revenueRelated to mission $4,546,361 · Unrelated business $0 · Excluded from tax $390,162$5,160,023
Part IX · Statement of functional expenses $4,746,997 across 19 lines filed
IX-1 Grants to domestic organizationsPrograms $219,000$219,000
IX-5 Pay of current officers, directors and key staffPrograms $694,801 · Management $77,201$772,002
IX-7 Other salaries and wagesPrograms $1,193,824 · Management $691,014$1,884,838
IX-8 Pension plan contributionsPrograms $93,690 · Management $58,368$152,058
IX-9 Other employee benefitsPrograms $133,649 · Management $69,152$202,801
IX-10 Payroll taxesPrograms $138,120 · Management $61,979$200,099
IX-11b Legal feesPrograms $86,307 · Management $38,885$125,192
IX-11c Accounting feesManagement $106,518$106,518
IX-11d Lobbying feesManagement $30,601$30,601
IX-11f Investment management feesManagement $54,854$54,854
IX-11g Other fees for servicesPrograms $243,180 · Management $170,211$413,391
IX-12 Advertising and promotionPrograms $78,374 · Management $2,556$80,930
IX-13 Office expensesManagement $16,740$16,740
IX-14 Information technologyPrograms $55,244 · Management $59,806$115,050
IX-16 OccupancyPrograms $72,789 · Management $8,088$80,877
IX-17 TravelPrograms $13,576 · Management $13,013$26,589
IX-22 Depreciation, depletion and amortizationManagement $11,707$11,707
IX-23 InsuranceManagement $24,728$24,728
IX-24 Other expenses (24a–d)Programs $171,161 · Management $57,861$229,022
IX-25 Total functional expensesPrograms $3,193,715 · Management $1,553,282 · Fundraising $0$4,746,997
Part X · Balance sheet $9,756,577 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $612,137$560,450
X-2 Savings and temporary cash investmentsStart of year $29,676$29,706
X-4 Accounts receivableStart of year $211,974$522,149
X-9 Prepaid expenses and deferred chargesStart of year $45,977$57,647
X-10c Land, buildings and equipment, netStart of year $18,488$13,433
X-11 Publicly traded securitiesStart of year $7,276,442$8,307,614
X-15 Other assetsStart of year $96,082$265,578
X-16 Total assetsStart of year $8,290,776$9,756,577
X-17 Accounts payable and accrued expensesStart of year $502,605$793,205
X-19 Deferred revenueStart of year $402,845$307,590
X-25 Other liabilitiesStart of year $74,485$236,022
X-26 Total liabilitiesStart of year $979,935$1,336,817
X-27 Net assets without donor restrictionsStart of year $7,310,841$8,419,760
X-32 Total net assets or fund balancesStart of year $7,310,841$8,419,760
X-33 Total liabilities and net assetsStart of year $8,290,776$9,756,577
Part XI · Reconciliation of net assets $8,419,760 net assets at year end
XI-1 Total revenue$5,160,023
XI-2 Total expenses$4,746,997
XI-3 Revenue less expenses$413,026
XI-4 Net assets at start of year$7,310,841
XI-5 Net unrealized gains (losses) on investments$695,893
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$8,419,760

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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