Power the Future INC FY2023 filing

Beverly, MAUnknown exempt organizationEIN 82-2785231Revenue $2.3M in FY2023

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.

76¢ of each $1 spent went to programs.
$563K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$563K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$10K
3% of total assets
Looks good: liabilities are 3% 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
$2.3M
+25% vs prior year
Spent
$2.1M
To programs
76%
Net assets
$310K
By yearFY2020–FY2024
Revenue
$2.3M
FY2023▲ +25%
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
$2.1M
FY2023▲ +4%
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
$310K
FY2023▲ +79%
Tap a bar for its year
Net assets by fiscal year
FY2020$540K
FY2021$405K
FY2022$173K
FY2023$310K
FY2024$573K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 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

76 cents of each dollar spent went to programs.

Program services 76% · $1.6M Management & general 21% · $455K Fundraising 3% · $56K

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; $563K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director/Director
$257,544Pt VII · Sec A
New Mexico State Director
$166,000Pt VII · Sec A
Alaska State Director
$139,256Pt 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.

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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 · $1.6M · in their own filed words · FY2023
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…

$1.6Mprogram 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$2.3M
Ln 12
Gifts and grantsLn 1h$2.3M
Money outPt IX
$2.1M
Ln 25
Programscol B$1.6M
Managementcol C$455K
Fundraisingcol D$56K
Owns and owesPt X
$310K
net assets · Ln 32
Cash and savingsLn 1–2$320K
Total assetsLn 16$320K
LiabilitiesLn 26$10K
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$2.3M
Total revenueLn 12$2.3M
Assets in detailPt X, end of year
CashLn 1$320K
Cash and savings togetherLn 1–2$320K
Total assetsLn 16$320K
LiabilitiesLn 26$10K
Net assetsLn 32$310K
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 FY23End FY23
Cash and savingsLn 1–2$199K$320K
Total assetsLn 16$199K$320K
LiabilitiesLn 26$26K$10K
Net assetsLn 32$173K$310K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$22K$22K
Pay of current officers, directors and key staffLn 5$287K$196K$67K$24K
Other salaries and wagesLn 7$305K$233K$45K$28K
Pension plan contributionsLn 8$7K$7K
Other employee benefitsLn 9$53K$53K
Payroll taxesLn 10$37K$37K
Legal feesLn 11b$76K$76K
Accounting feesLn 11c$63K$63K
Other fees for servicesLn 11g$302K$302K
Advertising and promotionLn 12$71K$71K
Office expensesLn 13$2K$2K
Information technologyLn 14$11K$10K$189
OccupancyLn 16$45K$45K
TravelLn 17$99K$75K$20K$5K
Conferences, conventions and meetingsLn 19$74K$61K$13K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$625K$625K
All other expensesLn 24e$40K$12K$27K
Total functional expensesLn 25$2.1M$1.6M$455K$56K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.5M$2.2M$264K$573K 990 PDF
FY2023 Viewing $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 $1.3M$1.5M−$192K$540K 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 FY2023 990 (6 parts)
Part I · Summary $2,255,730 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,809,549$2,255,730
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 $1,809,549$2,255,730
I-13 Grants and similar amounts paidPrior year $10,050$22,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $665,072$688,064
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,367,101$1,408,261
I-18 Total expensesPrior year $2,042,223$2,118,825
I-19 Revenue less expensesPrior year −$232,674$136,905
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 $2,255,730 across 3 lines filed
VIII-1f All other contributions, gifts and grants$2,255,730
VIII-1h Total contributions, gifts and grants$2,255,730
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$2,255,730
Part IX · Statement of functional expenses $2,118,825 across 18 lines filed
IX-1 Grants to domestic organizationsPrograms $22,500$22,500
IX-5 Pay of current officers, directors and key staffPrograms $196,384 · Management $66,519 · Fundraising $23,604$286,507
IX-7 Other salaries and wagesPrograms $232,765 · Management $44,514 · Fundraising $27,977$305,256
IX-8 Pension plan contributionsManagement $6,640$6,640
IX-9 Other employee benefitsManagement $53,002$53,002
IX-10 Payroll taxesManagement $36,659$36,659
IX-11b Legal feesManagement $76,150$76,150
IX-11c Accounting feesManagement $62,811$62,811
IX-11g Other fees for servicesPrograms $301,500$301,500
IX-12 Advertising and promotionPrograms $71,156$71,156
IX-13 Office expensesManagement $1,972$1,972
IX-14 Information technologyPrograms $10,500 · Management $189$10,689
IX-16 OccupancyManagement $45,000$45,000
IX-17 TravelPrograms $74,608 · Management $19,849 · Fundraising $4,790$99,247
IX-19 Conferences, conventions and meetingsPrograms $60,559 · Management $13,108$73,667
IX-23 InsuranceManagement $1,676$1,676
IX-24 Other expenses (24a–d)Programs $624,799$624,799
IX-24e All other expensesPrograms $12,335 · Management $27,259$39,594
IX-25 Total functional expensesPrograms $1,607,106 · Management $455,348 · Fundraising $56,371$2,118,825
Part X · Balance sheet $320,094 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $198,788$320,094
X-16 Total assetsStart of year $198,788$320,094
X-17 Accounts payable and accrued expensesStart of year $26,099$10,500
X-26 Total liabilitiesStart of year $26,099$10,500
X-32 Total net assets or fund balancesStart of year $172,689$309,594
X-33 Total liabilities and net assetsStart of year $198,788$320,094
Part XI · Reconciliation of net assets $309,594 net assets at year end
XI-1 Total revenue$2,255,730
XI-2 Total expenses$2,118,825
XI-3 Revenue less expenses$136,905
XI-4 Net assets at start of year$172,689
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$309,594

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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