PickensPlancom Inc
Nonprofit profile at a glance
- EIN
- 262904843
- IRS 990 coverage
- 2009–2015
- Forms available
- Form 990 2015
- Location
- Dallas, TX, USA
- Phone
- 8778723247
- Rating
- 81
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public, Society Benefit N.E.C.
Reported finances
- Revenue
- $500,128
- Expenses
- $486,601
- Assets
- $169,231
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- T Boone Pickens (President/Dir)
People named in this filing
- T Boone Pickens (President/Dir)
- Robert L Stillwell (Secretary/Dir)
- Ronald D Bassett (Treasurer/Dir)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
PickensPlan.com, Inc. educates the public and policymakers about our Nation's dependence on OPEC oil and its impact on our economy and national security. The Pickens Plan offers ways to alleviate this dependency by relying on American energy resources (such as wind generation and the use of our abundant domestic natural gas supply as a transportation fuel as well as for power generation) to displace OPEC oil. Reducing dependence on OPEC oil promotes social welfare and the common good by seeking to increase access to energy and to stabilize energy costs, and permitting the United States to establish and maintain a foreign policy that is not driven by a desire to protect the flow of OPEC oil into our country.
What it reported doing in 2015
Pickens Plan created a vigorous and interactive www.pickensplan.com website, which contains information on the organization's activities and facts about our Nation's dependence on OPEC oil and ways to alleviate this dependency by building new wind generation facilities while using our abundant domestic natural gas supply. 1,600,000 Americans have responded and indicated their support for the Pickens Plan. Substantial research was undertaken to make detailed information and facts available to the public and policymakers (together with public opinion research). The Pickens Plan also communicated with Americans through the social media networking sites Facebook and Twitter. Over a million Americans were reached through these efforts.
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Accountability: 76
- Sustainability: 49
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.5%; rating input score 87
- Program expense ratio: 89.9%; rating input score 90
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 2.7%; rating input score 48; 48th percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 19; 19th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 85; 85th percentile among comparable filings
Growth
- Program expense growth: 0.5% per year; rating input score 100; 35th percentile among comparable filings
- Revenue growth: -62.6% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: -58.2% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 87.5% of revenue deployed · 89.9% of spending went to programs
- Governance: 3 of 3 board members independent · 3 of 7 filing controls reported
- Programs: 3 filed program accomplishments · $437K in reported program spending
- Leadership: top reported pay $0 · 3 people listed
- Highest-paid contractors: 2 contractors listed · $227K reported
- Consistency: 15 of 15 current checks pass
- Schedules: 2 filed schedules · includes major donors
- Filing history: 6 filing years from 2009 to 2015
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 3 of 6 not reported.
- High — Growth: Revenue growth scored 0/100.
- Moderate — Sustainability: Operating margin scored 48/100.
- High — Sustainability: Total-asset coverage ratio scored 19/100.
- High — Growth: Asset growth scored 0/100.