Energy For Common Good Inc is located in Concord, MA. According to its NTEE Classification (C99) the organization is classified as: Environment N.E.C., under the broad grouping of Environment and related organizations. As of 12/2021, Energy For Common Good Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy For Common Good 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 For Common Good Inc generated $1.0m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING NON-GOVERNMENTAL ORGANIZATIONS ON THE PUBLIC BENEFITS OF UBIQUITIOUS ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY FOR THE COMMON GOOD IS A NONPROFIT ORGANIZATION UNIQUELY POSITIONED TO ADVANCE THE ACCEPTANCE OF FUSION ENERGY AS AN INTEGRAL PART OF A CLEAN ENERGY ECONOMY. WE ARE A TEAM WITH A HISTORY AND FOCUS ON BUILDING REPLACEMENT MARKETS FOR FOSSIL FUEL IN RESPONSE TO AN ADVANCING CLIMATE CHANGE TIMELINE. THE PERSISTENT GAP BETWEEN RENEWABLE ENERGY AND FOSSIL GENERATION ALLOWS ITS CONTINUED DOMINANCE OVER THE WORLD'S EXPANDING ENERGY NEEDS. FUSION'S ABILITY TO REPLACE FOSSIL DEMANDS THAT WE LAUNCH A COORDINATED CAMPAIGN TO PREPARE ITS FUTURE MARKET.ECG HAS AN EXPERIENCED TEAM IN THE AREAS OF GOVERNMENT RELATIONS, ACADEMIC AND NON-PROFIT OPERATIONS, ENERGY RESEARCH, CLIMATE OUTREACH, AND UTILITY SCALE PROJECT DEVELOPMENT. OUR BELIEF THAT FUSION IS A CLIMATE MITIGATION NECESSITY IS FOUNDED BY CAREERS SPANNING ALL ASPECTS OF RENEWABLE AND CLEAN ENERGY, FROM ADVOCATING FOR THE POLICIES AND INCENTIVES CREATING EARLY MARKETS FOR RENEWABLES, TO TECHNICAL PROJECT DEVELOPMENT NAVIGATING THE COMPLEXITIES OF PROJECT FINANCING, PLANT SITING, AND GRID TRANSMISSION NEEDS. OUR EXPERIENCE IN THESE AREAS GIVES US THE CONFIDENCE TO LAUNCH A TARGETED "HEARTS AND MINDS" CAMPAIGN TO DEVELOP A SOCIAL AND ECONOMIC ENGAGEMENT STRATEGY THAT WILL LAY THE PROPER GROUNDWORK FOR THE FUTURE OFFUSION ENERGY.FUSION ENERGY HAS THE POTENTIAL TO SIGNIFICANTLY ALTER THE FIGHT AGAINST CLIMATE CHANGE BUT ONLY IF WE BEGIN IMPLEMENTATION NOW ON AN ACCELERATED, STRATEGIC ROADMAP TO SUPPORT THE DEVELOPMENT, ADOPTION, AND EXPANSION OF THIS ZERO-CARBON, DENSE, EFFICIENT POWER SOURCE. ECG IS ENGAGING NGOS, INDUSTRY, GOVERNMENT, SCIENTISTS, AND INDIVIDUALS TO BUILD AWARENESS AND SUPPORT FOR FUSION ENERGY AND ENSURE THAT THE MEANS FOR RAPID DEVELOPMENT AND DEPLOYMENT ARE IN PLACE WELL BEFORE THE FIRST COMMERCIAL FUSION DEVICESARE BUILT.OUR TEAM'S NETWORK AND EXPERIENCE ALLOW ECG TO PROVIDE THE NECESSARY STRUCTURES TO CONNECT FUSION STAKEHOLDERS, ECG PLAYS A PIVOTAL ROLE IN SETTING THE STAGE FOR BROAD ACCEPTANCE OF FUSION, A MEANS FOR ACTIONABLE COLLABORATION WITHIN ENERGY PLANNING THAT IS ESSENTIAL TO THE ROLLOUT OF FUSION ENERGY ACROSS ALL RELEVANT POWER SEGMENTS, GROWING FUSION'S MARKETS WITH PUBLIC SUPPORT.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jane Hotchkiss CEO | OfficerTrustee | 40 | $239,583 |
Wallace Johnston CFO | Officer | 40 | $176,291 |
Karen Gibson Director Of Operations | 40 | $110,374 | |
V John White Secretary | OfficerTrustee | 1 | $0 |
Philippe Frangules Chairperson | OfficerTrustee | 1 | $0 |
Amy C Roma Treasurer | OfficerTrustee | 1 | $0 |
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 | $1,003,500 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,003,500 |
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 | $1,003,500 |
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. | $424,835 |
Compensation of current officers, directors, key employees. | $88,796 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $147,095 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $8,169 |
Payroll taxes | $36,170 |
Fees for services: Management | $0 |
Fees for services: Legal | $41,674 |
Fees for services: Accounting | $8,250 |
Fees for services: Lobbying | $168,000 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $49,390 |
Advertising and promotion | $0 |
Office expenses | $9,910 |
Information technology | $7,757 |
Royalties | $0 |
Occupancy | $32,661 |
Travel | $13,836 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $947,747 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $152,854 |
Savings and temporary cash investments | $1,000 |
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 | $153,854 |
Accounts payable and accrued expenses | $12,101 |
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 | $12,101 |
Net assets without donor restrictions | $141,753 |
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 | $153,854 |
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