Power the Future INC FY2020 filing

Beverly, MAUnknown exempt organizationEIN 82-2785231Revenue $1.3M in FY2020

On file with the IRSpowerthefuture.com138 Conant St 201 · Beverly, MA

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Power the Future has the mission of offering facts and research to enrich the national conversation on energy, through engagement at the local level and interaction with the media. We highlight the truth about energy while unmasking agendas, exposing hypocrisy, and striving to reduce hyperbole in the debate about energy. Our work is dedicated to the men and women who "Power the Future" through their hard work, sweat, and grit. Every time we turn on a light or start up our car, whether consciously or not, we are acknowledging their labor and saying thank you.

83¢ of each $1 spent went to programs.
$462K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

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FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $32K a year · 2% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$462K
to officers and key staff · 30% of spending
Worth a look: pay to officers and key staff is 30% of spending; over 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.3M
Spent
$1.5M
To programs
83%
Net assets
$540K
By yearFY2020–FY2024
Revenue
$1.3M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.3M
FY2021$1.9M
FY2022$1.8M
FY2023$2.3M
FY2024$2.5M
Expenses
$1.5M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.5M
FY2021$2.0M
FY2022$2.0M
FY2023$2.1M
FY2024$2.2M
Net assets
$540K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$540K
FY2021$405K
FY2022$173K
FY2023$310K
FY2024$573K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.3M Management & general 15% · $225K Fundraising 2% · $30K

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

6 people listed on the 990; $462K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/Director
$200,000Pt VII · Sec A
Alaska State Director
$132,500Pt VII · Sec A
New Mexico State Director
$130,000Pt VII · Sec A
Treasurer/Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Daniel Turner$265,758$257,544$247,596$241,440$200,000
Laurence Behrens$167,511$166,000$158,515$151,411$130,000
Richard Whitbeck JR$145,363$139,256$131,051——
Richard Whitback JR———$137,611$132,500

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

Provides factual energy research to enrich public conversation and expose misinformation.

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Provided by the organization

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1 program · $1.3M · in their own filed words · FY2020
01

Power the Future

-conducted and disseminated research on energy and environmental issues -engaged on educational efforts and awareness on energy and environmental issues in multiple states -created and shared original content with an audience of over 100,000 followers energy industry monitoring and reporting, with focus on impact on jobs and hiring, oil…

$1.3Mprogram 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 · 3 grants · $32K · 2022–2023
Franklin News FoundationIL · FY2023$12,500

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.3M
Ln 12
Gifts and grantsLn 1h$1.3M
Money outPt IX
$1.5M
Ln 25
Programscol B$1.3M
Managementcol C$225K
Fundraisingcol D$30K
Owns and owesPt X
$540K
net assets · Ln 32
Cash and savingsLn 1–2$545K
Total assetsLn 16$545K
LiabilitiesLn 26$5K
PeoplePt VI, VII
6
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Total revenueLn 12$1.3M
Assets in detailPt X, end of year
CashLn 1$545K
Cash and savings togetherLn 1–2$545K
Total assetsLn 16$545K
LiabilitiesLn 26$5K
Net assetsLn 32$540K
OperationsPt I, VI
EmployeesI 53
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$737K$545K
Total assetsLn 16$737K$545K
LiabilitiesLn 26$4K$5K
Net assetsLn 32$732K$540K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$206K$157K$48K
Other salaries and wagesLn 7$264K$202K$62K
Other employee benefitsLn 9$36K$28K$9K
Payroll taxesLn 10$38K$29K$9K
Legal feesLn 11b$24K$24K
Professional fundraising feesLn 11e$30K$30K
Other fees for servicesLn 11g$462K$412K$50K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$1K$1K
Information technologyLn 14$60K$60K$69
OccupancyLn 16$15K$15K
TravelLn 17$27K$27K
Conferences, conventions and meetingsLn 19$2K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$318K$318K
All other expensesLn 24e$49K$43K$6K$72
Total functional expensesLn 25$1.5M$1.3M$225K$30K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$2.2M$264K$573K 990 PDF
FY2023 $2.3M$2.1M$137K$310K 990 PDF
FY2022 $1.8M$2.0M−$233K$173K 990 PDF
FY2021 $1.9M$2.0M−$134K$405K 990 PDF
FY2020 Viewing $1.3M$1.5M−$192K$540K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants J · Pay O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $1,342,898 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,130,591$1,342,898
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,130,591$1,342,898
I-13 Grants and similar amounts paidPrior year $2,580$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $496,310$544,006
I-16a Professional fundraising feesPrior year $0$30,000
I-17 Other expensesPrior year $1,446,293$961,110
I-18 Total expensesPrior year $1,945,183$1,535,116
I-19 Revenue less expensesPrior year $185,408−$192,218
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,342,898 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,342,898
VIII-1h Total contributions, gifts and grants$1,342,898
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,342,898
Part IX · Statement of functional expenses $1,535,116 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $157,304 · Management $48,280$205,584
IX-7 Other salaries and wagesPrograms $201,871 · Management $61,958$263,829
IX-9 Other employee benefitsPrograms $27,792 · Management $8,530$36,322
IX-10 Payroll taxesPrograms $29,283 · Management $8,988$38,271
IX-11b Legal feesManagement $23,544$23,544
IX-11e Professional fundraising feesFundraising $30,000$30,000
IX-11g Other fees for servicesPrograms $412,250 · Management $49,817$462,067
IX-12 Advertising and promotionPrograms $1,566$1,566
IX-13 Office expensesManagement $1,335$1,335
IX-14 Information technologyPrograms $59,946 · Management $69$60,015
IX-16 OccupancyManagement $15,041$15,041
IX-17 TravelPrograms $27,048$27,048
IX-19 Conferences, conventions and meetingsPrograms $2,210$2,210
IX-23 InsuranceManagement $1,319$1,319
IX-24 Other expenses (24a–d)Programs $318,346$318,346
IX-24e All other expensesPrograms $42,849 · Management $5,698 · Fundraising $72$48,619
IX-25 Total functional expensesPrograms $1,280,465 · Management $224,579 · Fundraising $30,072$1,535,116
Part X · Balance sheet $544,814 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $736,519$544,814
X-16 Total assetsStart of year $736,519$544,814
X-17 Accounts payable and accrued expensesStart of year $4,487$5,000
X-26 Total liabilitiesStart of year $4,487$5,000
X-32 Total net assets or fund balancesStart of year $732,032$539,814
X-33 Total liabilities and net assetsStart of year $736,519$544,814
Part XI · Reconciliation of net assets $539,814 net assets at year end
XI-1 Total revenue$1,342,898
XI-2 Total expenses$1,535,116
XI-3 Revenue less expenses−$192,218
XI-4 Net assets at start of year$732,032
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$539,814

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

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