Power The Future Inc
- Assets
- $198.8k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Beverly, MA
- Founding
- Data as of
- 12/2022
- EIN
- 82-2785231
Organization Overview
Power The Future Inc is located in Beverly, MA. As of 12/2022, Power The Future Inc employed 3 individuals. Power The Future Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Power The Future Inc generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 39.1% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 PRICES AND IMPACT ON CONSUMER GOODS, AND UTILITY PRICES IN KEY STATES. ANALYSIS OF GREEN ENERGY INDUSTRY GROWTH, INCLUDING COST, LAND USE, AND WAIVERS, AS WELL AS LEVEL OF FEDERAL PURCHASING OF GREEN ENERGY. BALLOT MEASURE REFORM EFFORTS. FOCUS ON ALASKA AND NEW MEXICO
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles Gantt Treasurer | OfficerTrustee | 5 | $0 |
Daniel Turner Executive Director/directo | OfficerTrustee | 40 | $247,596 |
Jared Leland Director | OfficerTrustee | 1 | $0 |
Robert Turner Director | Trustee | 1 | $0 |
Richard Whitbeck Jr Alaska State Director | 40 | $131,051 | |
Laurence Behrens New Mexico State Director | 40 | $158,515 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cgcn Group Digital Advertising And Consulting, Soci | 12/30/22 | $419,150 |
South & Hill Strategies Communications Consulting | 12/30/22 | $120,000 |
Red Edge Llc Communications Consulting And Website De | 12/30/22 | $111,733 |
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 | $1,809,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,809,549 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $1,809,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $10,050 |
| 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. | $276,757 |
| Compensation of current officers, directors, key employees. | $65,267 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,566 |
| Pension plan accruals and contributions | $6,400 |
| Other employee benefits | $56,069 |
| Payroll taxes | $36,280 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,075 |
| Fees for services: Accounting | $62,383 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $385,233 |
| Advertising and promotion | $100,765 |
| Office expenses | $6,847 |
| Information technology | $40,650 |
| Royalties | $0 |
| Occupancy | $25,000 |
| Travel | $104,477 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $45,895 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,596 |
| All other expenses | $39,080 |
| Total functional expenses | $2,042,223 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $198,788 |
| Savings and temporary cash investments | $0 |
| 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 | $198,788 |
| Accounts payable and accrued expenses | $26,099 |
| 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 | $26,099 |
| Net assets without donor restrictions | $0 |
| 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 | $172,689 |
| Total liabilities and net assets/fund balances | $198,788 |