Overview
What is Poweroptions Inc?
Poweroptions Inc is a Boston, Massachusetts-based nonprofit organization, specifically located at 129 South Street 6th Floor, with 16 employees. Their mission is to empower non-profit organizations and public entities by providing solutions to reduce the cost, carbon, and complexity of energy. They achieve this by leveraging their large non-profit membership to secure favorable pricing terms and conditions for energy and energy-related services in the competitive market. Poweroptions conducts competitive procurements for these services on behalf of over 450 members, necessitating the hiring of consultants and legal services for evaluation and negotiation. The organization facilitates the administration and marketing of the program, assists members with billing disputes, and develops new program options for the consortium.
Official website here: www.poweroptions.org
Is Poweroptions Inc legitimate?
Poweroptions Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Poweroptions Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $712,474
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,273,794
For more financial information, click here
Official website here: www.poweroptions.org
What is the mission statement of Poweroptions Inc?
Poweroptions Inc's mission is centered around empowering non-profit organizations and public entities. It aims to provide solutions that help reduce the financial, environmental, and complex aspects of energy consumption. By leveraging its extensive non-profit membership, Poweroptions secures favorable pricing terms and conditions for energy and energy-related services in the competitive market. This strategic approach enables its members to save money, which can then be directed towards advancing the individual missions of the non-profit organizations within the consortium.
Official website here: www.poweroptions.org
Who is the CEO of Poweroptions Inc?
Margaret Lusardi is the President And Ceo of Poweroptions Inc. The CEO's salary of Poweroptions Inc is $352,493 and their total compensation is $403,197.
Official website here: www.poweroptions.org
What is the revenue of Poweroptions Inc?
Poweroptions Inc's revenue in 2023 was $3,789,504.
Official website here: www.poweroptions.org
Who are the executives of Poweroptions Inc and what are their salaries?
The average compensation at Poweroptions Inc during 2023 was $124,142. There are 16 employees and 10 volunteers at Poweroptions Inc.
Here are 19 key members and their salaries (Poweroptions Inc's CEO's salary is $352,493 and their total compensation is $403,197):
- Compensation: $352,493
- Related: $0
- Other: $50,704
- Compensation: $248,161
- Related: $0
- Other: $31,643
- Compensation: $165,211
- Related: $0
- Other: $32,068
- Compensation: $147,753
- Related: $0
- Other: $17,071
- Compensation: $132,215
- Related: $0
- Other: $30,005
- Compensation: $118,847
- Related: $0
- Other: $31,721
- Compensation: $115,225
- Related: $0
- Other: $19,216
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.poweroptions.org
Where can I find the form 990 for Poweroptions Inc?
Poweroptions Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.poweroptions.org
Learn more at the official website: www.poweroptions.org
Mission Statement of Poweroptions Inc
Poweroptions Inc, a non-profit organization, is committed to empowering other non-profits and public entities by providing solutions to minimize the cost, carbon footprint, and complexity associated with energy. Leveraging its extensive non-profit membership, Poweroptions secures favorable pricing terms and conditions for energy and energy-related services in the competitive market. This enables its member organizations to save money, which can then be redirected towards achieving their individual mission goals. By focusing on energy efficiency and cost reduction, Poweroptions allows its non-profit members to dedicate their resources to the communities they serve, thereby fulfilling their primary objectives more effectively.
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Impact
October, 2024
PowerOptions Inc significantly impacts non-profits and public entities by providing tailored solutions that lower energy costs, reduce carbon footprints, and simplify energy procurement processes. By leveraging a large consortium of over 450 members, PowerOptions conducts competitive procurements for energy and related services, ensuring that organizations receive favorable pricing and terms in the competitive market. This strategic approach not only generates substantial savings for its members but also allows them to redirect their financial resources toward their core missions and community initiatives.
Through the hiring of consultants and legal experts, PowerOptions evaluates and negotiates the intricacies of energy contracts, facilitating a seamless experience for its members. The organization further enhances its impact by assisting members with billing disputes and developing innovative program options that align with the evolving energy landscape. Overall, PowerOptions empowers its members to focus on their critical work while navigating the complexities of energy management more effectively.
This information is meant to be a general summary of Poweroptions Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $265,137
- Program Service Revenue: $3,524,367
- Gross Receipts: $4,873,137
Assets and Liabilities:
- Total Assets: $8,290,776
- Total Liabilities: $979,935
- Net Assets: $7,310,841
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ENERGY SUPPLIER CONTRACT FEES
Revenue
$3,270,145
PROGRAM PARTICIPATION FEE
Revenue
$254,222
Organization Details
Founding Year
1989
Phone
(617) 737-8480Principal Officer
Margaret Lusardi
Main Address
129 SOUTH STREET 6TH FLOOR, BOSTON, MA, 02111
Website
www.poweroptions.orgNTEE Category
Code: P20 - Human services
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