Efi Foundation
- Assets
- $2.6m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Washington, DC
- Founding
- Data as of
- 12/2022
- EIN
- 87-3398574
Organization Overview
Efi Foundation is located in Washington, DC. According to its NTEE Classification (C05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Environment and related organizations. As of 12/2022, Efi Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Efi Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATING THE PUBLIC ON TECHNOLOGY AND POLICY INNOVATION TO ACCELERATE THE CLEAN ENERGY TRANSITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION BUILDS ON THE WORK OF ENERGY FUTURES INITIATIVE (EFI), ESTABLISHED BY ERNEST J. MONIZ, THE 13TH U.S. SECRETARY OF ENERGY. BY CONVENING POLICYMAKERS, SCIENTISTS, LABOR AND INDUSTRY LEADERS, THE EFI FOUNDATION IDENTIFIES PATHWAYS TO INCREASE ENERGY SECURITY, DECARBONIZE THE ECONOMY AND CREATE NEW JOBS. THE FOUNDATION ADHERES TO THE PRINCIPLE OF ANALYTICAL INDEPENDENCE. ALL EFI FOUNDATION REPORTS, AS WELL AS THE LEGACY WORK OF THE ENERGY FUTURES INITIATIVE, ARE AVAILABLE AT WWW.EFIFOUNDATION.ORG. THE FOUNDATION BEGAN ITS NEW WORK IN EARNEST IN 2022, AND CONSEQUENTLY IT WAS A YEAR OF FORMATION AND INITIATION. THE FOUNDATION LAUNCHED A NEW INITIATIVE, THE ENERGY FUTURES FINANCE FORUM, A NOVEL EFFORT TO IDENTIFY POLICIES AND MEASURES TO EXPAND THE ATTRACTIVENESS OF INVESTMENT OPPORTUNITIES IN CLEAN ENERGY TO A BROADER CROSS-SECTION OF THE INVESTOR COMMUNITY. IN ADDITION, THE FOUNDATION LAUNCHED A NEW STUDY INITIATIVE TO EXAMINE OPPORTUNITIES TO IMPROVE THE EFFECTIVENESS, EFFICIENCY AND AGILITY OF FEDERALLY FUNDED ENERGY INNOVATION PROGRAMS AND PROJECTS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph S Hezir Evp And Treasurer | OfficerTrustee | 20 | $68,750 |
Ernest J Moniz CEO And Director | OfficerTrustee | 10 | $11,458 |
Melanie A Kenderdine Evp And Secretary | OfficerTrustee | 20 | $68,750 |
Jeanette Pablo Director | Trustee | 1 | $0 |
Richard Meserve Director | Trustee | 1 | $0 |
Charles Curtis Director | Trustee | 1 | $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 | $1,416,209 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,416,209 |
| 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 | $1,416,209 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $403,625 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $9,770 |
| Payroll taxes | $33,096 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $110,415 |
| Fees for services: Accounting | $6,333 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $187,496 |
| Advertising and promotion | $0 |
| Office expenses | $1,954 |
| Information technology | $12,006 |
| Royalties | $0 |
| Occupancy | $34,415 |
| Travel | $74,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $504 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,784 |
| Insurance | $0 |
| All other expenses | $15,762 |
| Total functional expenses | $1,393,627 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,530,732 |
| 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 | $2,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $51,418 |
| Other assets | $0 |
| Total assets | $2,584,360 |
| Accounts payable and accrued expenses | $130,370 |
| 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 | $2,431,408 |
| Total liabilities | $2,561,778 |
| Net assets without donor restrictions | $22,582 |
| 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 | $2,584,360 |