Energy 45 Fund: Nonprofit Profile, Financials & Form 990 (EIN 83-3502943)

Revenue by fiscal year
FY2020	$105
FY2021	$0
FY2022	$263K
FY2023	$326K
FY2024	$1.3M

Expenses by fiscal year
FY2020	$37K
FY2021	$4K
FY2022	$43K
FY2023	$474K
FY2024	$998K

Net assets by fiscal year
FY2020	$7K
FY2021	$2K
FY2022	$222K
FY2023	$92K
FY2024	$394K

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

71 cents of each dollar spent went to programs.

71%

24%

Program services 71% · $711K Management & general 24% · $237K Fundraising 5% · $50K

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

5 people listed on the 990; $197K paid to officers and key staff.

Part VII, Section A · reportable compensation

Dennis S Porter

CEO

$75,128Pt VII · Sec A

Eric Peterson

Policy Director

$69,667Pt VII · Sec A

Tom McCarthy

Director of Development

$51,836Pt VII · Sec A

Amanda Gunasekara

Director

$0Pt VII · Sec A

Surya Gunasekara

Director

$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

Name	FY2024	FY2023
Dennis S Porter	$75,128	$38,000
Eric Peterson	$69,667	$35,000
Tom McCarthy	$51,836	—

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 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Educates policymakers and the public about public policy's impact on U.S. energy workers.

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1 program · $711K · in their own filed words · FY2024

01

Work with lawmakers, draft model policy and work with lawmakers to pass legislation.

$711Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.3M

Ln 12

Gifts and grantsLn 1h$1.2M

Other incomeLn 4–11$75K

Money outPt IX

$998K

Ln 25

Programscol B$711K

Managementcol C$237K

Fundraisingcol D$50K

Owns and owesPt X

$394K

net assets · Ln 32

Cash and savingsLn 1–2$102K

Total assetsLn 16$464K

LiabilitiesLn 26$70K

PeoplePt VI, VII

5

listed · VII A

PaidVII A3

Voting boardVI 1a3

IndependentVI 1b3

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.2M

Noncash giftsLn 1g$286K

Other incomeLn 4–11$75K

Total revenueLn 12$1.3M

Assets in detailPt X, end of year

CashLn 1$102K

Cash and savings togetherLn 1–2$102K

InvestmentsLn 11–13$316K

Total assetsLn 16$464K

LiabilitiesLn 26$70K

Net assetsLn 32$394K

OperationsPt I, VI

EmployeesI 50

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

Line	Start FY24	End FY24
Cash and savingsLn 1–2	$66K	$102K
InvestmentsLn 11–13	$31K	$316K
Total assetsLn 16	$97K	$464K
LiabilitiesLn 26	$5K	$70K
Net assetsLn 32	$92K	$394K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other salaries and wagesLn 7	$197K	$107K	$89K
Payroll taxesLn 10	$18K	$9K	$8K
Legal feesLn 11b	$26K		$26K
Accounting feesLn 11c	$17K		$17K
Lobbying feesLn 11d	$197K	$197K
Professional fundraising feesLn 11e	$656			$656
Other fees for servicesLn 11g	$152K	$82K	$55K	$15K
Advertising and promotionLn 12	$2K			$2K
Office expensesLn 13	$2K	$22	$2K	$36
Information technologyLn 14	$15K	$2K	$1K	$11K
TravelLn 17	$113K	$112K	−$1K	$2K
InsuranceLn 23	$33		$33
Other expenses (24a–d)Ln 24	$169K	$158K	$160	$11K
All other expensesLn 24e	$91K	$44K	$39K	$8K
Total functional expensesLn 25	$998K	$711K	$237K	$50K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest Viewing	$1.3M	$998K	$302K	$394K	990 PDF
FY2023	$326K	$474K	−$149K	$92K	990 PDF
FY2022	$263K	$43K	$220K	$222K	990 PDF
FY2021	$0	$4K	−$4K	$2K	990 PDF
FY2020	$105	$37K	−$36K	$7K	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 (6 parts)

Part I · Summary $1,300,122 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $259,975$1,224,828

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $0$0

I-11 Other revenuePrior year $65,682$75,294

I-12 Total revenuePrior year $325,657$1,300,122

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 $81,151$214,307

I-16a Professional fundraising feesPrior year $0$656

I-17 Other expensesPrior year $393,138$783,508

I-18 Total expensesPrior year $474,289$998,471

I-19 Revenue less expensesPrior year −$148,632$301,651

Part VI · Governance 3 of 3 board members independent, 5 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members3

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $1,300,122 across 5 lines filed

VIII-1f All other contributions, gifts and grants$1,224,828

VIII-1g Noncash contributions (included above)$286,138

VIII-1h Total contributions, gifts and grants$1,224,828

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $75,294$75,294

VIII-12 Total revenueRelated to mission $75,294 · Unrelated business $0 · Excluded from tax $0$1,300,122

Part IX · Statement of functional expenses $998,471 across 14 lines filed

IX-7 Other salaries and wagesPrograms $107,231 · Management $89,400$196,631

IX-10 Payroll taxesPrograms $9,195 · Management $8,481$17,676

IX-11b Legal feesManagement $25,550$25,550

IX-11c Accounting feesManagement $17,110$17,110

IX-11d Lobbying feesPrograms $197,029$197,029

IX-11e Professional fundraising feesFundraising $656$656

IX-11g Other fees for servicesPrograms $81,774 · Management $55,429 · Fundraising $14,972$152,175

IX-12 Advertising and promotionFundraising $1,950$1,950

IX-13 Office expensesPrograms $22 · Management $1,811 · Fundraising $36$1,869

IX-14 Information technologyPrograms $2,444 · Management $1,421 · Fundraising $11,468$15,333

IX-17 TravelPrograms $112,072 · Management −$1,264 · Fundraising $1,854$112,662

IX-23 InsuranceManagement $33$33

IX-24 Other expenses (24a–d)Programs $158,100 · Management $160 · Fundraising $10,794$169,054

IX-24e All other expensesPrograms $43,518 · Management $38,964 · Fundraising $8,261$90,743

IX-25 Total functional expensesPrograms $711,385 · Management $237,095 · Fundraising $49,991$998,471

Part X · Balance sheet $463,960 assets, 9 lines filed

X-1 Cash, non-interest-bearingStart of year $66,113$101,783

X-4 Accounts receivable$25,000

X-9 Prepaid expenses and deferred charges$20,753

X-12 Other securitiesStart of year $30,921$316,424

X-16 Total assetsStart of year $97,034$463,960

X-17 Accounts payable and accrued expensesStart of year $4,837$70,112

X-26 Total liabilitiesStart of year $4,837$70,112

X-32 Total net assets or fund balancesStart of year $92,197$393,848

X-33 Total liabilities and net assetsStart of year $97,034$463,960

Part XI · Reconciliation of net assets $393,848 net assets at year end

XI-1 Total revenue$1,300,122

XI-2 Total expenses$998,471

XI-3 Revenue less expenses$301,651

XI-4 Net assets at start of year$92,197

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$393,848

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

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