Energy Options Network INC

IRS exemption revoked

Brewster, MA501(c)(3)Environment EIN 46-4871450Revenue $120K in FY2021Latest return filed Oct 13, 2022

On file with the IRSCo Brennan and Fournier, 02631-0000 · Brewster, MATax-exempt since Sep 2016Publicly supported charity — 170(b)(1)(A)(vi)

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Energy Options Network, Inc. is an incubator, created to multiply and accelerate the portfolio of zero carbon energy options available to tackle climate change.

89¢ of each $1 spent went to programs.
Run by 1 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average surplus $168K a year · 27% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$20K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
22 mo
of spending, in cash
Looks good: 22.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $620K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$32K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 3 voting members
Worth a look: 1 of 3 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$120K
-89% vs prior year
Spent
$340K
To programs
89%
Net assets
$596K
By yearFY2020–FY2021
Revenue
$120K
FY2021▼ -89%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.1M
FY2021$120K
Expenses
$340K
FY2021▼ -39%
Tap a bar for its year
Expenses by fiscal year
FY2020$554K
FY2021$340K
Net assets
$596K
FY2021▼ -27%
Tap a bar for its year
Net assets by fiscal year
FY2020$816K
FY2021$596K

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021. IRS ruling in Sep 2016.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $302K Management & general 11% · $38K

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

Something off? Claim to add context

Who runs it and what they're paid

3 people listed on the 990; $20K paid to officers and key staff.

Part VII, Section A · reportable compensation
$20,400Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Preston Carter’s $20K as Clerk is at the 50th percentile of top reported officer pay among 135 <$100K 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 · 2 named individuals · Part VII

NameFY2021FY2020
Ellen Baum—$58,133
Preston Carter$20,400—

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 Energy Options Network INC executive salaries →

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 15aNo

Programs and updates

Accelerates zero-carbon energy options to combat climate change.

Questions for Energy Options Network INC

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1 program · $302K · in their own filed words · FY2021
01

Eon is focused on multiplying and accelerating clean energy zero carbon options that are economically competitive, sustainable, adaptable, and have the potential to significantly impact global carbon emissions.

$302Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2021
Total grants receivedfrom 2 funders$620K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$120K
Ln 12
Gifts and grantsLn 1h$120K
Investment incomeLn 3$226
Money outPt IX
$340K
Ln 25
Programscol B$302K
Managementcol C$38K
Owns and owesPt X
$596K
net assets · Ln 32
Cash and savingsLn 1–2$628K
Total assetsLn 16$628K
LiabilitiesLn 26$32K
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120K
Investment incomeLn 3$226
Total revenueLn 12$120K
Assets in detailPt X, end of year
CashLn 1$83K
SavingsLn 2$546K
Cash and savings togetherLn 1–2$628K
Total assetsLn 16$628K
LiabilitiesLn 26$32K
Net assetsLn 32$596K
OperationsPt I, VI
EmployeesI 51
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$345K$628K
Total assetsLn 16$898K$628K
LiabilitiesLn 26$83K$32K
Net assetsLn 32$816K$596K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$20K$14K$6K
Other salaries and wagesLn 7$17K$14K$4K
Payroll taxesLn 10$2K$2K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$14K$14K
Other fees for servicesLn 11g$275K$274K$1K
Office expensesLn 13$6K$15$6K
Information technologyLn 14$1K$1K
Conferences, conventions and meetingsLn 19$164$164
InsuranceLn 23$3K$3K
Total functional expensesLn 25$340K$302K$38K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Oct 13, 2022 $120K$340K−$220K$596K 990 PDF
FY2020Filed with the IRS Aug 20, 2021 $1.1M$554K$555K$816K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $120,226 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,000,000$120,000
I-9 Program service revenuePrior year $107,692$0
I-10 Investment incomePrior year $1,367$226
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,109,059$120,226
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 $75,766$39,482
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $478,495$300,345
I-18 Total expensesPrior year $554,261$339,827
I-19 Revenue less expensesPrior year $554,798−$219,601
Part VI · Governance 1 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members1
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $120,226 across 4 lines filed
VIII-1f All other contributions, gifts and grants$120,000
VIII-1h Total contributions, gifts and grants$120,000
VIII-3 Investment incomeExcluded from tax $226$226
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $226$120,226
Part IX · Statement of functional expenses $339,827 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $14,400 · Management $6,000$20,400
IX-7 Other salaries and wagesPrograms $13,998 · Management $3,500$17,498
IX-10 Payroll taxesManagement $1,584$1,584
IX-11b Legal feesManagement $1,435$1,435
IX-11c Accounting feesManagement $14,237$14,237
IX-11g Other fees for servicesPrograms $273,525 · Management $1,000$274,525
IX-13 Office expensesPrograms $15 · Management $5,889$5,904
IX-14 Information technologyManagement $1,375$1,375
IX-19 Conferences, conventions and meetingsManagement $164$164
IX-23 InsuranceManagement $2,705$2,705
IX-25 Total functional expensesPrograms $301,938 · Management $37,889 · Fundraising $0$339,827
Part X · Balance sheet $628,305 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $34,286$82,502
X-2 Savings and temporary cash investmentsStart of year $310,577$545,803
X-4 Accounts receivableStart of year $553,500$0
X-16 Total assetsStart of year $898,363$628,305
X-17 Accounts payable and accrued expensesStart of year $82,536$32,079
X-26 Total liabilitiesStart of year $82,536$32,079
X-27 Net assets without donor restrictionsStart of year $315,827$596,226
X-28 Net assets with donor restrictionsStart of year $500,000$0
X-32 Total net assets or fund balancesStart of year $815,827$596,226
X-33 Total liabilities and net assetsStart of year $898,363$628,305
Part XI · Reconciliation of net assets $596,226 net assets at year end
XI-1 Total revenue$120,226
XI-2 Total expenses$339,827
XI-3 Revenue less expenses−$219,601
XI-4 Net assets at start of year$815,827
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$596,226

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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