Potential Energy Coalition Inc
- Assets
- $26.0m
- Revenue
- $38.6m
- Investments
- $0.0
- Employees
- 34
- Location
- New York, NY
- Founding
- Data as of
- 12/2022
- EIN
- 82-4652837
Organization Overview
Potential Energy Coalition Inc is located in New York, NY. As of 12/2022, Potential Energy Coalition Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Potential Energy Coalition 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 12/2022, Potential Energy Coalition Inc generated $38.6m in total revenue. All expenses for the organization totaled $21.6m during the year ending 12/2022. While expenses have increased by 123.9% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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
POTENTIAL ENERGY'S MISSION IS TO EDUCATE THE PUBLIC REGARDING CLIMATE CHANGE THROUGH THE DEPLOYMENT OF PUBLIC EDUCATION CAMPAIGNS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAMPAIGNS: THROUGH EDUCATIONAL CAMPAIGNS, THE ORGANIZATION CREATES EDUCATIONAL AND EFFECTIVE MESSAGES ABOUT CLEAN ENERGY AND CLIMATE CHANGE. FOR EXAMPLE, SCIENCE MOMS IS AN EDUCATIONAL OUTREACH INITIATIVE ORIENTED TO REACH PARENTS AND ENGAGE AND EDUCATE THEM REGARDING THE CAUSES AND IMPACTS OF CLIMATE CHANGE. TO AMPLIFY THE IMPACT OF ITS CAMPAIGNS, THE ORGANIZATION TAPS PRO BONO AND IN-KIND DONATION OF MEDIA, PRODUCTION AND CREATIVE SERVICES.
KNOWLEDGE: THE ORGANIZATION CONDUCTS RESEARCH TO DETERMINE THE MOST EFFECTIVE APPROACHES TO EDUCATE THE PUBLIC ON CLEAN ENERGY AND CLIMATE CHANGE, AND SHARES ITS FINDINGS WITH A BROAD RANGE OF GROUPS THROUGH PUBLICATIONS, BRIEFINGS AND OTHER EDUCATIONAL MATERIALS.
STRATEGIC & ADVISORY: THE ORGANIZATION WORKS WITH A RANGE OF STAKEHOLDERS TO ADVISE THEM ON EFFECTIVE METHODS FOR COMMUNICATING ABOUT CLIMATE CHANGE AND CLEAN ENERGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Todd Asche President | Officer | 40 | $276,416 |
John F Marshall Chief Executive Officer | OfficerTrustee | 40 | $284,246 |
Anne-Marie Klein Managing Director, Campaigns | 40 | $119,305 | |
Julia P Burns Coo/cfo, Sec. & Treas. | Officer | 40 | $185,239 |
Brian Stempeck Chief Growth Officer | 40 | $146,612 | |
Forest Boleyn Executive Creative Director | 40 | $128,503 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Trade Desk Media | 12/30/22 | $2,660,656 |
Google Media | 12/30/22 | $1,963,364 |
Fenton Communications Inc Media | 12/30/22 | $1,349,484 |
Facebook Media | 12/30/22 | $1,431,956 |
Rising Tide Interactive Llc Media | 12/30/22 | $1,080,473 |
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 | $38,333,936 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,333,936 |
| Total Program Service Revenue | $267,490 |
| Investment income | $9,698 |
| 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 | $38,624,809 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,677,000 |
| 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. | $834,734 |
| Compensation of current officers, directors, key employees. | $284,122 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,570,595 |
| Pension plan accruals and contributions | $108,065 |
| Other employee benefits | $233,518 |
| Payroll taxes | $239,950 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,348 |
| Fees for services: Accounting | $161,146 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,640,570 |
| Advertising and promotion | $3,216 |
| Office expenses | $10,305 |
| Information technology | $133,850 |
| Royalties | $0 |
| Occupancy | $47,778 |
| Travel | $156,460 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $307 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $52,585 |
| All other expenses | $10,755 |
| Total functional expenses | $21,621,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,945,577 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $16,691,000 |
| Accounts receivable, net | $223,751 |
| 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 | $118,331 |
| 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 | $25,978,659 |
| Accounts payable and accrued expenses | $875,539 |
| 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 | $875,539 |
| Net assets without donor restrictions | $11,250,862 |
| Net assets with donor restrictions | $13,852,258 |
| 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 | $25,978,659 |