Power Shift Network

Nonprofit profile at a glance

EIN
455616367
IRS 990 coverage
2018–2022
Forms available
Form 990 2022
Location
Washington, DC, USA
Phone
2024201707
Rating
76
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Natural Resources Conservation and Protection

Official website

Reported finances

Revenue
$2,002,434
Expenses
$2,683,362
Assets
$297,084
Liabilities
$369,571

Source: IRS Form 990. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • DANY SIGWALT (FORMER EXECUTIVE DIRECTOR)
  • ERIQAH VINCENT (CO-EXECUTIVE DIRECTOR)
  • SARIN GLENN (CO-EXECUTIVE DIRECTOR)

Highest reported compensation

  • DANY SIGWALT (FORMER EXECUTIVE DIRECTOR): $99,961 total reported compensation
  • ERIQAH VINCENT (CO-EXECUTIVE DIRECTOR): $81,060 total reported compensation
  • SARIN GLENN (CO-EXECUTIVE DIRECTOR): $62,809 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The power shift network mobilizes the collective power of young people to mitigate climate change and create a just, clean energy future and resilient, thriving communities for all.

What it reported doing in 2022

Power shift network mobilizes the collective power of young people to mitigate the climate crisis and create a just, clean energy future and resilient, thriving communities for all. With a national network of more than 100 climate and environmental organizations, we're building a strong, intersectional, bottom-up movement to take on the climate crisis, shift the power, and create systemic change. Our major activity in fy 2023 was our bi-annual signature program: ps23 convergence, which is a meeting hub for climate and social justice activists to share knowledge and deepen the interpersonal kinships critical to the fight against oppression and climate destruction. Ps23 convergence brought together over 650 young people, primarily from the us and including territories as far away as guam, to deepen in the practices of self and communal care as a proactive measure in the resistance to climate destruction. Ps23 convergence helped attendees acquire the skills necessary to become the social justice and climate change leaders we need, with programming including disability justice and praxis, solidarity economy frameworks, financial accessibility, arts and culture, network weaving and resource decentralization.

Operating model

Revenue model
Donor-supported. 92% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 92% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. The filing reports few safeguards for money sent abroad and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 83
  • Transparency & Controls: 69
  • Accountability: 84
  • Sustainability: 7
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 98.9%; rating input score 99
  • Program expense ratio: 73.8%; rating input score 74
  • Fundraising efficiency: $9.27 raised per $1 spent on fundraising; rating input score 34; 34th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: 88.2%; rating input score 88; 24th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Pass
    • 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: -34%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 0.11; rating input score 3; 3rd percentile among comparable filings
  • Liabilities to assets ratio: 1.24; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 9.1%; rating input score 30; 30th percentile among comparable filings

Growth

  • Program expense growth: 23.1% per year; rating input score 100; 88th percentile among comparable filings
  • Revenue growth: 22.9% per year; rating input score 100; 90th percentile among comparable filings
  • Asset growth: 3.1% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 98.9% of revenue deployed · 73.8% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $2M in reported program spending
  • Leadership: top reported pay $100K · 14 people listed
  • Consistency: 29 of 30 current checks pass · 1 finding to review
  • Schedules: 6 filed schedules · includes major donors, foreign activity, and grants
  • Filing history: 5 filing years from 2018 to 2022
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • 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.

  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • Moderate — Financial Efficiency: Fundraising efficiency scored 34/100.
  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Total-asset coverage ratio scored 3/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Officer compensation ratio scored 30/100.