Power the Future INC FY2022 filing

Beverly, MAUnknown exempt organizationEIN 82-2785231Revenue $1.8M in FY2022

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

Tell your story. Claim this org

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.

75¢ of each $1 spent went to programs.
$537K 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
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
75%
of spending
Looks good: 75% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$537K
to officers and key staff · 26% of spending
Worth a look: pay to officers and key staff is 26% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26K
13% of total assets
Looks good: liabilities are 13% 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
$1.8M
-4% vs prior year
Spent
$2.0M
To programs
75%
Net assets
$173K
By yearFY2020–FY2024
Revenue
$1.8M
FY2022▼ -4%
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
$2.0M
FY2022▲ +1%
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
$173K
FY2022▼ -57%
Tap a bar for its year
Net assets by fiscal year
FY2020$540K
FY2021$405K
FY2022$173K
FY2023$310K
FY2024$573K

From the FY2022 Form 990 · see the original

Give Claim
You’re viewing the FY2022 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

75 cents of each dollar spent went to programs.

Program services 75% · $1.5M Management & general 21% · $435K Fundraising 3% · $71K

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

Something off? Claim to fix it

Who runs it and what they're paid

6 people listed on the 990; $537K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/Directo
$247,596Pt VII · Sec A
New Mexico State Director
$158,515Pt VII · Sec A
Alaska State Director
$131,051Pt VII · Sec A
Treasurer
$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.

See Power the Future INC executive salaries →

On this list? Claim this org

Something off? Claim to fix it

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.

Questions for Power the Future INC

Tap to ask. Power the Future INC sees how many people are interested.

Your first name shows with your question. Power the Future INC answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.5M · in their own filed words · FY2022
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…

$1.5Mprogram 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 · 3 grants · $32K · 2022–2023
Franklin News FoundationIL · FY2023$12,500

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$1.8M
Ln 12
Gifts and grantsLn 1h$1.8M
Money outPt IX
$2.0M
Ln 25
Programscol B$1.5M
Managementcol C$435K
Fundraisingcol D$71K
Owns and owesPt X
$173K
net assets · Ln 32
Cash and savingsLn 1–2$199K
Total assetsLn 16$199K
LiabilitiesLn 26$26K
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$1.8M
Total revenueLn 12$1.8M
Assets in detailPt X, end of year
CashLn 1$199K
Cash and savings togetherLn 1–2$199K
Total assetsLn 16$199K
LiabilitiesLn 26$26K
Net assetsLn 32$173K
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 FY22End FY22
Cash and savingsLn 1–2$454K$199K
Total assetsLn 16$454K$199K
LiabilitiesLn 26$49K$26K
Net assetsLn 32$405K$173K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Pay of current officers, directors and key staffLn 5$277K$189K$65K$23K
Other salaries and wagesLn 7$290K$221K$42K$27K
Pension plan contributionsLn 8$6K$6K
Other employee benefitsLn 9$56K$56K
Payroll taxesLn 10$36K$36K
Legal feesLn 11b$11K$11K
Accounting feesLn 11c$62K$62K
Other fees for servicesLn 11g$385K$375K$10K
Advertising and promotionLn 12$101K$100K$1K
Office expensesLn 13$7K$7K
Information technologyLn 14$41K$30K$11K
OccupancyLn 16$25K$25K
TravelLn 17$104K$66K$19K$19K
Conferences, conventions and meetingsLn 19$46K$5K$41K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$544K$531K$13K
All other expensesLn 24e$39K$9K$28K$2K
Total functional expensesLn 25$2.0M$1.5M$435K$71K

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 Viewing $1.8M$2.0M−$233K$173K 990 PDF
FY2021 $1.9M$2.0M−$134K$405K 990 PDF
FY2020 $1.3M$1.5M−$192K$540K 990 PDF

More to add? Claim this org

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 $1,809,549 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,879,669$1,809,549
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 $1,879,669$1,809,549
I-13 Grants and similar amounts paidPrior year $0$10,050
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $627,513$665,072
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,386,607$1,367,101
I-18 Total expensesPrior year $2,014,120$2,042,223
I-19 Revenue less expensesPrior year −$134,451−$232,674
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 $1,809,549 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,809,549
VIII-1h Total contributions, gifts and grants$1,809,549
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,809,549
Part IX · Statement of functional expenses $2,042,223 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $10,050$10,050
IX-5 Pay of current officers, directors and key staffPrograms $188,798 · Management $65,267 · Fundraising $22,692$276,757
IX-7 Other salaries and wagesPrograms $220,801 · Management $42,226 · Fundraising $26,539$289,566
IX-8 Pension plan contributionsManagement $6,400$6,400
IX-9 Other employee benefitsManagement $56,069$56,069
IX-10 Payroll taxesManagement $36,280$36,280
IX-11b Legal feesManagement $11,075$11,075
IX-11c Accounting feesManagement $62,383$62,383
IX-11g Other fees for servicesPrograms $374,733 · Management $10,500$385,233
IX-12 Advertising and promotionPrograms $99,765 · Fundraising $1,000$100,765
IX-13 Office expensesManagement $6,847$6,847
IX-14 Information technologyPrograms $30,006 · Management $10,644$40,650
IX-16 OccupancyManagement $25,000$25,000
IX-17 TravelPrograms $66,372 · Management $18,870 · Fundraising $19,235$104,477
IX-19 Conferences, conventions and meetingsPrograms $5,022 · Management $40,873$45,895
IX-23 InsuranceManagement $1,596$1,596
IX-24 Other expenses (24a–d)Programs $531,313 · Management $12,787$544,100
IX-24e All other expensesPrograms $9,431 · Management $27,750 · Fundraising $1,899$39,080
IX-25 Total functional expensesPrograms $1,536,291 · Management $434,567 · Fundraising $71,365$2,042,223
Part X · Balance sheet $198,788 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $454,363$198,788
X-16 Total assetsStart of year $454,363$198,788
X-17 Accounts payable and accrued expensesStart of year $49,000$26,099
X-26 Total liabilitiesStart of year $49,000$26,099
X-32 Total net assets or fund balancesStart of year $405,363$172,689
X-33 Total liabilities and net assetsStart of year $454,363$198,788
Part XI · Reconciliation of net assets $172,689 net assets at year end
XI-1 Total revenue$1,809,549
XI-2 Total expenses$2,042,223
XI-3 Revenue less expenses−$232,674
XI-4 Net assets at start of year$405,363
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$172,689

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.