Energy Options Network Inc
- Assets
- $628.3k
- Revenue
- $120.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Brewster, MA
- Founding
- 09/2016
- Data as of
- 12/2021
- EIN
- 46-4871450
Organization Overview
Energy Options Network Inc is located in Brewster, MA. The organization was established in 2016. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Options Network Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Energy Options Network Inc generated $120.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $339.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
(SEE SCHEDULE O) ENERGY OPTIONS NETWORK INC. IS AN INCUBATOR CREATED TO MULTIPLY & ACCELERATE THE PORTFOLIO OF ZERO CARBON ENERGY OPTIONS AVAILABLE TO TACKLE CLIMATE CHANGE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. OUR TECHNOLOGY, BUSINESS AND COMMUNICATIONS EXPERTS ARE CHARGED WITH IDENTIFYING AND NURTURING ZERO CARBON "UNDERDOGS" WHO ARE DEVELOPING EMERGING AND NEW SOLUTIONS--NOT SOLUTIONS ALREADY IN PROMINENT CIRCLES OF DISCUSSION. OUR SELECT (GENERALLY PRE-INVESTABLE) UNDERDOGS NEED TO BE UNDERSTOOD, DEFINED, ACCESSED, AND PROMOTED IF THEY ARE TO BECOME (INVESTABLE)MIGHTY DOGS OF THE FUTURE. THEY NEED A "MAKE-OVER" OF SORTS, IN THE FORM OF INDEPENDENT TECHNICAL, MARKET, AND FINANCIAL ASSESSMENTS--AS WELL AS SIGNIFICANT SUPPORT DEVELOPING THEIR THEIR STORY IN A WAY THAT OTHERS CAN UNDERSTAND AND SHARE IN THE VISION. IN LIGHT OF THIS, WE HAVE 1. HELPED BRING ONE UNDERDOG (A PULSE GASEOUS FISSION DEVELOPER) TO MIGHTY DOG STATUS--INCLUDING BRINGING INVESTORS TO THE TABLE TO OFFER ADDITIONAL FINANCIAL SUPPORT. 2. CREATED INNOVATIVE TOOLS (I.E. TECHNICAL READINESS ASSESSMENT) TO DETERMINE A DEVELOPER'S TECHNICAL READINESS AS WELL AS ALLOW HIM/HER USE IT TO CONVEY TO INVESTORS AND INDUSTRY WHERE THEY ARE ALONG THE INNOVATION SPECTRUM. 3. ADDED 1-2 MORE UNDERDOGS (IN PROCESS) 4. CURRENTLY DEVELOPING OUT ADDITIONAL TOOLS, SUCH AS A DEEP DIVE RATING SYSTEM FOR EON'S TECHNOLOGY 'SEEKERS' TO DETERMINE WHO AND WHAT IS WORTHY OF EON'S PRE SEED FUNDING AND HANDS ON SUPPORT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Preston Carter Clerk | OfficerTrustee | 5 | $20,400 |
Janine Davis Treasurer | OfficerTrustee | 5 | $0 |
Tracey Durning President | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $120,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $120,000 |
| Total Program Service Revenue | $0 |
| Investment income | $226 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $120,226 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $20,400 |
| Compensation of current officers, directors, key employees. | $6,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,498 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,435 |
| Fees for services: Accounting | $14,237 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $274,525 |
| Advertising and promotion | $0 |
| Office expenses | $5,904 |
| Information technology | $1,375 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,705 |
| All other expenses | $0 |
| Total functional expenses | $339,827 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,502 |
| Savings and temporary cash investments | $545,803 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $628,305 |
| Accounts payable and accrued expenses | $32,079 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $32,079 |
| Net assets without donor restrictions | $596,226 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $628,305 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Energy Options Network Inc has recieved totaling $620,000.
| Awarding Organization | Amount |
|---|---|
Bernard And Anne Spitzer Charitable Tr New York, NY PURPOSE: GENERAL PURPOSE | $500,000 |
Bny Mellon Charitable Gift Fund Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S EXEMPT PURPOSE | $120,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vermont Energy Investment Corp Winooski, VT | $38,391,512 | $94,935,292 |
Energy Federation Inc Marlborough, MA | $39,580,023 | $16,691,076 |
Efficiency Forward Inc Medford, MA | $5,907,697 | $9,722,584 |
Center For Ecotechnology Inc Dalton, MA | $5,279,642 | $8,781,564 |
New York City Energy Efficiency Corporation New York, NY | $49,730,328 | $4,961,348 |
Environment Next Inc East Aurora, NY | $24,217,627 | $8,709,351 |
E4thefuture Framingham, MA | $19,416,406 | $1,363,963 |
Northeast Energy Efficiency Partnerships Inc Lexington, MA | $4,479,644 | $4,251,266 |
Deploy-Us Inc Boston, MA | $2,976,414 | $4,253,205 |
Interstate Renewable Energy Council Albany, NY | $3,755,320 | $4,093,970 |
National Wind Technology Consortium Albany, NY | $2,138,543 | $2,465,652 |
Sustainable Westchester Inc Mount Kisco, NY | $1,228,571 | $2,221,583 |