2024-11-15T11:28:46-06:00 2023-12-31 541019610 CST GROUP CPAS PC 10740 PARKRIDGE BLVD 5TH FLOOR RESTON VA 201914424 990 2023-01-01 873398574 EFI FOUNDATION EFIF 2026880010 900 17TH ST NW 1100 WASHINGTON DC 20006 JOSEPH S HEZIR TREASURER 2026880010 2024-11-15 1 0 JOHN M PERSIL P00568140 7033912000 2024-11-15 2023 2024-10-15 13:58:12Z JOSEPH S HEZIR 900 17TH ST NW 1100 WASHINGTON DC 20006 4136283 0 X HTTPS://EFIFOUNDATION.ORG/ X 2021 DC EDUCATING THE PUBLIC ON TECHNOLOGY AND POLICY INNOVATION TO ACCELERATE THE CLEAN ENERGY TRANSITION. 7 4 37 0 0 0 3416194 4136283 0 0 0 0 0 0 3416194 4136283 0 0 0 0 1079393 3147778 0 0 4984 449695 2060714 1529088 5208492 1887106 -1072209 2591182 2715958 704076 1901061 1887106 814897 X THE EFI FOUNDATION IS A WASHINGTON, DC-BASED NONPROFIT 501(C)(3) ORGANIZATION DEDICATED TO EDUCATING THE PUBLIC ON ISSUES RELATING TO HARNESSING THE POWER OF TECHNOLOGY AND POLICY INNOVATION TO ACCELERATE THE CLEAN ENERGY TRANSITION.UNDER THE LEADERSHIP OF ERNEST J. MONIZ, THE 13TH U.S. SECRETARY OF ENERGY, FOUNDATION PERSONNEL HAVE DECADES OF EXPERIENCE AND PROVEN TRACK RECORDS IN GOVERNMENT, ACADEMIA, AND THE PRIVATE SECTOR.THE EFI FOUNDATION CONDUCTS OBJECTIVE, FACT-BASED AND RIGOROUS ANALYSIS SUPPORTED BY A MULTIDISCIPLINARY NETWORK OF EXPERTS.THE EFI FOUNDATION ADHERES TO THE PRINCIPLE OF ANALYTICAL INDEPENDENCE WHILE FOCUSING ON SOLUTIONS THAT ARE EFFECTIVE, PRAGMATIC, EQUITABLE AND ACCEPTABLE TO THE BROADEST RANGE OF STAKEHOLDERS.OUR RESEARCH TEAM AND GLOBAL NETWORK OF EXPERTS UNDERSTAND CURRENT ENERGY MARKETS, TRENDS AND NEEDS, AND APPLY THIS COLLECTIVE TALENT AND KNOWLEDGE TO A RANGE OF POLICY QUESTIONS.THE EFI FOUNDATION BUILDS ON THE PRIOR WORK OF THE ENERGY FUTURES IN 2017. 0 0 5177071 THE EFI FOUNDATION AND ITS PREDECESSOR ORGANIZATION (ENERGY FUTURES INITIATIVE) HAS RELEASED OVER FIFTY ENERGY REPORTS WHILE ITS ANALYSIS HAS INFORMED THE CREATION OF OVER TEN FEDERAL INITIATIVES, INCLUDING THE ESTABLISHMENT OF THE UNITED STATES DEPARTMENT OF ENERGY'S OFFICE OF CLEAN ENERGY DEMONSTRATIONS.IN 2023, THE THREE PRINCIPAL PROGRAM SERVICE AREAS INCLUDED CLEAN ENERGY FINANCE, FEDERAL ENERGY INNOVATION PROGRAM MANAGEMENT AND CLEAN HYDROGEN MARKET FORMATION. THE ENERGY FUTURES FINANCE FORUM IS 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 INVESTMENT COMMUNITY. THE FOUNDATION ISSUED SEVERAL REPORTS ON THIS TOPIC, INCLUDING A FRAMEWORK REPORT IDENTIFYING POTENTIAL ADDITIONAL SOURCES OF CLEAN ENERGY FINANCE AND A REPORT ON IDENTIFYING OPPORTUNITIES TO ENHANCE INVESTMENT OPPORTUNITIES IN INDUSTRIAL CARBON CAPTURE AND STORAGE. ALSO, THE FOUNDATION CONDUCTED A MAJOR STUDY INITIATIVE AND ISSUED A REPORT ON OPPORTUNITIES TO IMPROVE THE EFFECTIVENESS, EFFICIENCY AND AGILITY OF FEDERALLY FUNDED ENERGY INNOVATION PROGRAMS AND PROJECTS. FINALLY, THE FOUNDATION CONDUCTED A MAJOR STUDY TO IDENTIFY THE NEED FOR NEW POLICIES AND PROGRAMS TO ENABLE FORMATION OF REGIONAL MARKETS FOR CLEAN HYDROGEN IN POWER GENERATION, INDUSTRIAL AND COMMERCIAL APPLICATIONS. 5177071 1 1 0 0 0 0 0 0 0 0 1 0 0 1 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 0 1 19 0 1 37 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 7 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X EFI FOUNDATION 2026691563 900 17TH ST NW SUITE 1101 WASHINGTON DC 20006 JOSEPH S HEZIR EVP AND TREASURER 20.00 X X 148000 0 0 ERNEST J MONIZ CEO AND DIRECTOR 10.00 X X 25000 0 0 MELANIE A KENDERDINE EVP AND SECRETARY 20.00 X X 150000 0 0 JEANETTE PABLO DIRECTOR 1.00 X 0 0 0 RICHARD MESERVE DIRECTOR 1.00 X 0 0 0 CHARLES CURTIS DIRECTOR 1.00 X 0 0 0 CLINT VINCE DIRECTOR 1.00 X 0 0 0 JEFFERY BROWN MANAGING DIRECTOR 20.00 X 254755 0 0 STEPHEN COMELLO SVP, STRATEGIC INITIATIVES 40.00 X 235079 0 15795 DAVID ELLIS SVP OF POLICY STRATEGY/OUTREACH 40.00 X 219991 0 12835 TATIANA BRUCE DE SILVA PROJECT MANAGER 40.00 X 108146 0 5407 MICHAEL DOWNEY DEPUTY DIR OF RESEARCH 40.00 X 130874 0 6362 MINJI JEONG RESEARCH SPECIALIST 40.00 X 104763 0 12905 ALEXANDER KIZER SVP AND COO 20.00 X 136797 0 6840 ALICIA MOULTON DEPUTY DIR OF COMMUNICATION 40.00 X 104417 0 8041 MADELINE SCHOMBURG DIR OF RESEARCH 40.00 X 115954 0 16362 1733776 0 84547 11 0 1 0 HOLLAND & KNIGHT LLP PO BOX 936937 ATLANTA GA 31193 LEGAL SERVICES 180040 WASHINGTON WORKS 7962 OLD GEORGETOWN ROAD BETHESDA MD 20814 IT SERVICES, TELEPHONE SERVICE 107363 2 4136283 4136283 4136283 0 0 0 X 2780388 2775432 4956 91743 91743 59952 59952 215695 215695 180127 180127 107410 107410 560016 560016 25592 25592 69171 60882 8261 28 131321 131321 324911 324911 231803 231803 25519 25519 6562 6562 11614 11614 10104 10104 OTHER EXPENSES 105489 105489 EQUIPMENT AND FURNITURE 92853 92853 DUES AND SUBSCRIPTIONS 80340 80340 ADVISORY BOARD 48374 48374 49508 49508 5208492 5177071 26437 4984 2530732 1612744 193985 6466 2762 1436 2210 1326 51800 41070 6440 860367 2591182 2715958 130370 311446 573706 1589615 704076 1901061 X 43793 -427915 1843313 1242812 1887106 814897 2591182 2715958 -1072209 0 X X 0 1 X 1 0 X 3416194 4136283 7552477 3416194 4136283 7552477 4964622 2587855 7552477 0.34260 1.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 2762 1436 1326 1326 DUE TO EFI FOUNDATION 127632 RIGHT OF USE ASSET, NET 732735 860367 CREDIT CARD LIABILITY 2462 GRANT PAYMEMTS IN ADVANCE 605161 PAYROLL LIABILITIES 244313 LEASE LIABILITY, CURRENT 440194 LEASE LIABILITY, LONG-TERM 297485 1589615 X 4136283 0 4136283 0 4136283 5201930 0 5201930 6562 6562 5208492 PART X, LINE 2: UNDER THE PROVISIONS OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS, ASC TOPIC 740, INCOME TAXES (ASC 740), THE FOUNDATION IS REQUIRED TO DISCLOSE UNRECONIZED TAX BENEFITS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ASC 740 AND ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2023 THAT REQUIRE DISCLOSURE OR RECOGNITION. PART XII, LINE 4B - OTHER ADJUSTMENTS: INTEREST EXPENSE 6,562. X 1 0 X X X X 0 0 0 0 0 0 0 0 0 JEFFERY BROWN MANAGING DIRECTOR 254755 0 0 0 0 0 0 0 0 0 254755 0 0 0 STEPHEN COMELLO SVP, STRATEGIC INITIATIVES 235079 0 0 0 0 0 0 0 15795 0 250874 0 0 0 DAVID ELLIS SVP OF POLICY STRATEGY/OUTREACH 219991 0 0 0 0 0 0 0 12835 0 232826 0 0 0 PART I, LINE 1A THE EFI FOUNDATION TRAVEL POLICY IS TO USE COACH TRAVEL. FLIGHTS OF OVER 5 HOURS CAN BE REIMBURSED FOR BUSINESS CLASS. THE CEO AND PRESIDENT IS EXEMPT FROM THESE RESTRICTIONS. PART I, LINE 1B EFI FOUNDATION EXPECTS EMPLOYEES TO ACT RESPONSIBLY AND PROFESSIONALLY WHEN INCURRING AND SUBMITTING COSTS. EFI FOUNDATION WILL REIMBURSE EMPLOYEES FOR REASONABLE EXPENSES ON PRE-APPROVED BUSINESS. EMPLOYEES WHO INCUR APPROVED EXPENSES (IN CASH OR ON PERSONAL CHARGE CARDS) ON BEHALF OF EFI FOUNDATION MAY SUBMIT THOSE EXPENSES FOR REIMBURSEMENT. ALL EXPENSES FOR REIMBURSEMENT MUST BE ACCOMPANIED BY RECEIPTS (HARD OR DIGITAL COPIES) AND A COMPLETED REIMBURSEMENT FORM. REIMBURSEMENT FORMS CAN BE FOUND IN THE OPERATIONS FORMS FOLDER ON SHAREPOINT. EMPLOYEES SHOULD EMAIL RECEIPTS AND FORMS TO EFI FOUNDATION'S ACCOUNTING INBOX (ACCOUNTING@EFIFOUNDATION.ORG), CC'ING THE EMPLOYEE'S SUPERVISOR AND THE OPERATIONS MANAGER FOR APPROVAL. IN THE INSTANCE THAT A RECEIPT IS LOST, EMPLOYEES CAN PROVIDE CREDIT CARD STATEMENTS INCLUDING THE EXPENSE AND CORRESPONDING DATES AS A FORM OF BACKUP. HOWEVER, THIS IS NOT A PRACTICE TO BE FOLLOWED ON A REGULAR BASIS AND IF AN EMPLOYEE REPEATEDLY FAILS TO PROVIDE RECEIPTS, EXPENSE REPORTS CAN BE REJECTED DUE TO LACK OF POLICY ADHERENCE. IF AN EMPLOYEE CAN CALL AND RECEIVE A COPY OF THEIR RECEIPT, THIS STEP MUST BE TAKEN/ATTEMPTED BEFORE CREDIT CARD STATEMENTS WILL BE ACCEPTED. CASH EXPENSES WITHOUT RECEIPTS WILL NOT BE REIMBURSED. REIMBURSEMENT REQUESTS SHOULD, WHENEVER POSSIBLE, BE SUBMITTED WITHIN 30 DAYS OF THE DATE THE EXPENSE IS INCURRED. FORM 990, PART VI, SECTION B, LINE 11B THE FOUNDATION'S BOARD OF DIRECTORS WILL REVIEW THE 990 TAX RETURN PRIOR TO FILING TO TAX AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12C FOR BOARD MEMBERS, A CONFLICT OF INTEREST REWIEW IS INCLUDED IN AN ANNUAL BOARD MEETING. FOR STAFF, THE FOUNDATION EMPLOYEE HANDBOOKS ARE SIGNED THAT THEY HAVE READ AND AGREE TO FOLLOW, INCLUDING A MANDITORY REPORTING OF CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION HAS A COMPENSATION COMMITTEE COMPOSED OF THREE INDEPENDENT DIRECTORS ON THE BOARD WHO RECEIVE NO COMPENSATION FROM THE FOUNDATION AND DO NOT HAVE OTHER CONFLICTS OF INTEREST. THE COMPENSATION COMMITTEE IS RESPONSIBLE FOR APPROVING THE COMPENSATION OF ALL DISQUALIFIED PERSONS (INCLUDING THOSE LISTED IN PART VI, SECTION B, LINES 15A AND 15B) IN ADVANCE. PRIOR TO MAKING ITS DETERMINATION, THE COMPENSATION COMMITTEE OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY IN THE FORM OF A STUDY DEVELOPED FROM DATA ON SIMILARLY SITUATED PUBLIC CHARITIES' FORM 990S OF COMPENSATION PAID TO PERSONS IN SIMILAR POSITIONS. THE COMPENSATION COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR ITS DETERMINATION CONCURRENTLY WITH MAKING COMPENSATION DETERMINATIONS IN THE FORM OF MEETING MINUTES AND COMMITTEE RESOLUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION'S FORM 990 WILL BE PUBLICLY AVAILABLE AT GUIDESTAR.ORG ALL OTHER DOCUMENTS REQUIRED BY LAW TO BE MADE PUBLICLY AVAILABLE, ARE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANTS: PROGRAM SERVICE EXPENSES 536,411. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 536,411. CONTRACT AND PROFESSIONAL FEELS: PROGRAM SERVICE EXPENSES 23,605. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 23,605. 990 PART XII, LINE 2C THE FOUNDATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT PROCESS AND COMMUNICATES DIRECTLY WITH THE INDEPENDENT AUDITORS.