2023-11-07T16:46:27-06:00 2023-06-30 042571780 AAFCPAS INC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2022-07-01 223041893 POWEROPTIONS INC POWE 6177378480 129 SOUTH STREET 6TH FLOOR BOSTON MA 02111 MARGARET LUSARDI EXECUTIVE VICE-PRESIDENT 6177378480 2023-10-27 1 MARGARET LUSARDI XXX-XX-XXXX 1 DAVID KELLEHER CPA P01059560 5083669100 2023-10-27 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MARGARET LUSARDI 129 SOUTH STREET 6TH FLOOR BOSTON MA 02111 4873137 0 X WWW.POWEROPTIONS.ORG X 1989 MA TO EMPOWER NON-PROFITS AND PUBLIC ENTITIES WITH SOLUTIONS TO REDUCE THE COST, CARBON, AND COMPLEXITY OF ENERGY. BY LEVERAGING THE CONSORTIUM, AND THROUGH OUR EXPERTISE AND ADVOCACY, WE ENABLE OUR MEMBERS TO FOCUS ON THEIR OWN IMPORTANT MISSIONS AND COMMUNITIES. 10 10 16 10 0 0 7500 0 2643748 3524367 240141 265137 0 0 2891389 3789504 0 0 0 0 2035600 2426247 0 0 0 849995 1248526 2885595 3674773 5794 114731 7567467 8290776 798393 979935 6769074 7310841 X THE MISSION OF POWEROPTIONS IS TO EMPOWER NON-PROFITS AND PUBLIC ENTITIES WITH SOLUTIONS TO REDUCE THE COST, CARBON, AND COMPLEXITY OF ENERGY. IT LEVERAGES ITS LARGE NON-PROFIT MEMBERSHIP TO SECURE FAVORABLE PRICING TERMS AND CONDITIONS FOR ENERGY AND ENERGY RELATED SERVICES IN THE COMPETITIVE MARKET. IN DOING SO, POWEROPTIONS HELPS ITS MEMBERS SAVE MONEY THAT CAN BE DEPLOYED IN THE FURTHERANCE OF THE MISSIONS OF THE INDIVIDUAL NON-PROFIT ORGANIZATIONS IN THE CONSORTIUM. 0 0 2862159 3524367 POWEROPTIONS CONDUCTS COMPETITIVE PROCUREMENTS FOR ENERGY AND ENERGY RELATED SERVICES ON BEHALF OF THE CONSORTIUM OF MORE THAN 450 MEMBERS. THIS REQUIRES THE HIRING OF CONSULTANTS AND LEGAL SERVICES TO EVALUATE AND NEGOTIATE THE TERMS AND CONDITIONS FOR THE MEMBERS. ON AN ON-GOING BASIS, POWEROPTIONS STAFF FACILITATES THE ADMINISTRATION AND THE MARKETING OF THE PROGRAM, ASSISTS MEMBERS WITH BILLING DISPUTES WITH THE SUPPLIERS AND DEVELOPS NEW PROGRAM OPTIONS FOR THE CONSORTIUM. 2862159 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 16 1 0 0 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X POWEROPTIONS ATTN HEATHER TAKLE 6177378480 129 SOUTH STREET 6TH FLOOR BOSTON MA 02111 HEATHER TAKLE PRESIDENT AND CEO 40.00 X 352493 0 50704 MARGARET LUSARDI EXECUTIVE VICE PRESIDENT 40.00 X 248161 0 31643 LIAM SULLIVAN VICE PRESIDENT OF MARKETING 40.00 X 165211 0 32068 RITA A MORAN GREINMAN BUSINESS DEVELOPMENT MANAGER 40.00 X 147753 0 17071 KRISTEN A PATNEAUDE DIRECTOR OF INNOVATION 40.00 X 132215 0 30005 ERIN CAMP ESA PROGRAM MANAGER 40.00 X 118847 0 31721 WALTER GRAY PROGRAM MANAGER 40.00 X 115225 0 19216 JANET GAIL BESSER CHAIR 1.00 X X 0 0 0 JOHN COCHRANE VICE CHAIR & TREASURER 1.00 X X 0 0 0 ROBERT RUDDOCK ESQ SECRETARY & CLERK 1.00 X 0 0 0 LAURA BARTSCH TRUSTEE 1.00 X 0 0 0 GREG KING TRUSTEE 1.00 X 0 0 0 TINA BENNETT TRUSTEE 1.00 X 0 0 0 BARBARA KATES-GARNICK TRUSTEE 1.00 X 0 0 0 PATRICIA BEGROWICZ TRUSTEE 1.00 X 0 0 0 FREDERICK KLEIN TRUSTEE 1.00 X 0 0 0 THOMAS E ROGERS TRUSTEE 1.00 X 0 0 0 DANA RANCOURT TRUSTEE 1.00 X 0 0 0 MACKY MCCLEARY TRUSTEE (UNTIL 5/2023) 1.00 X 0 0 0 1279905 0 212428 8 0 1 0 HOWELL ENERGY CONSULTING LLC 494 FERN STREET WEST HARTFORD CT 06107 ENERGY CONSULTANT 132000 1 ENERGY SUPPLIER CONTRACT FEES 221000 3270145 3270145 PROGRAM PARTICIPATION FEE 211100 254222 254222 3524367 157007 157007 1191763 1083633 108130 108130 108130 3789504 3524367 0 265137 712474 641227 71247 1273794 1054925 218869 101657 85666 15991 191455 163812 27643 146867 126605 20262 216707 200196 16511 101783 101783 30000 30000 50811 50811 338786 204944 133842 67466 67216 250 8520 8520 82204 74497 7707 80171 72154 8017 21182 6269 14913 9170 9170 24847 24847 MISCELLANEOUS 216879 164648 52231 3674773 2862159 812614 0 464617 612137 29647 29676 141708 211974 48988 45977 184412 165924 17842 18488 6835109 7276442 29556 96082 7567467 8290776 461560 502605 336833 402845 0 74485 798393 979935 X 6769074 7310841 6769074 7310841 7567467 8290776 114731 427036 0 X X 0 1 X 1 0 1 0 0 184412 165924 18488 18488 OPERATING LEASE OBLIGATION 74485 74485 X 4165729 427036 427036 3738693 50811 50811 3789504 3623962 0 3623962 50811 50811 3674773 PART X, LINE 2: POWEROPTIONS ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. POWEROPTIONS HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2023. POWEROPTIONS' INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. X X X X X 0 0 0 0 0 0 0 0 0 HEATHER TAKLE PRESIDENT AND CEO 295204 0 57289 0 0 0 27680 0 23024 0 403197 0 0 0 MARGARET LUSARDI EXECUTIVE VICE PRESIDENT 215277 0 32884 0 0 0 22317 0 9326 0 279804 0 0 0 LIAM SULLIVAN VICE PRESIDENT OF MARKETING 151491 0 13720 0 0 0 15037 0 17031 0 197279 0 0 0 RITA A MORAN GREINMAN BUSINESS DEVELOPMENT MANAGER 135640 0 12113 0 0 0 13331 0 3740 0 164824 0 0 0 KRISTEN A PATNEAUDE DIRECTOR OF INNOVATION 119741 0 12474 0 0 0 12539 0 17466 0 162220 0 0 0 ERIN CAMP ESA PROGRAM MANAGER 112847 0 6000 0 0 0 9724 0 21997 0 150568 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE ARTICLES OF ORGANIZATION WERE AMENDED IN JUNE 2023. THE ARTICLES OF ORGANIZATION WERE AMENDED TO INCLUDE THE FOLLOWING PARAGRAPHS: THE CORPORATION IS ORGANIZED EXCLUSIVELY FOR SOCIAL WELFARE ACTIVITIES WITHIN THE MEANING OF SECTION 501 (C)(4) OF THE INTERNAL REVENUE CODE, BENEFICIAL TO THE PUBLIC INTEREST AND PUBLIC WELFARE, INCLUDING, WITHOUT LIMITATION, EDUCATING, INFORMING, AND ASSISTING NON-PROFIT SOCIAL WELFARE ORGANIZATIONS, SCHOOLS, RECREATION ORGANIZATIONS, PUBLIC HOUSING ORGANIZATIONS, GOVERNMENT ENTITIES, AND FOR-PROFIT ORGANIZATIONS WHEN THEY ARE ASSOCIATED WITH AND IN FURTHERANCE OF THE MISSION AND PURPOSE OF A NON-PROFIT ORGANIZATION OR GOVERNMENT ENTITY, IN MANAGING ENERGY COSTS AND USE, ADDRESSING ENVIRONMENTAL IMPACTS , INCREASING EFFICIENCY, AND ADVANCING DECARBONIZATION AND SUSTAINABILITY, ACTIVITIES, SUCH AS, WITHOUT LIMITATION, GROUP BUYING SOLICITATIONS; CONDUCTING ENERGY MANAGEMENT PROGRAMS FOR FACILITIES AND VEHICLES; CONSULTING ABOUT ENERGY USE AND MANAGEMENT AND ALTERNATIVE ENERGY SYSTEMS; DEMAND REDUCTION EDUCATION AND CONSULTING; AND PROCURING RENEWABLE ENERGY RESOURCES. THE CORPORATION'S ACTIVITIES WILL SUPPORT THE REDUCTION OF ENERGY COSTS, POLLUTION, AND CLIMATE CHANGE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW PROCESS - THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST POLICY - TRUSTEES, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE AND RETURN AN ANNUAL CONFLICT DISCLOSURE QUESTIONNAIRE DISTRIBUTED BY POWEROPTIONS AND MAINTAINED IN THE ORGANIZATION'S RECORDS. FORM 990, PART VI, SECTION B, LINE 15 EXECUTIVE COMPENSATION - THE COMPENSATION COMMITTEE OF THE BOARD HAS THE RESPONSIBILITY FOR REVIEWING AND MAKING RECOMMENDATIONS TO THE BOARD FOR THE COMPENSATION OF OFFICERS OF THE ORGANIZATION. COMPENSATION IS REVIEWED PERIODICALLY. A SALARY SURVEY IS CONDUCTED BY AN INDEPENDENT THIRD-PARTY FIRM THAT USES A PROPRIETARY JOB EVALUATION MODEL FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF ORGANIZATION DOCUMENTS - ALL DOCUMENTS ARE AVAILABLE UPON REQUEST WITHIN THE TIMEFRAMES AS REQUIRED. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.