Powering Our Future Inc
Nonprofit profile at a glance
- EIN
- 874344998
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Newark, DE, USA
- Phone
- 3026354946
- Rating confidence
- Limited
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $0
- Expenses
- $24,516
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
2 people listed
Executive titles in this filing
- Michael Alexander Smith (Executive Director)
People named in this filing
- Michael Alexander Smith (Executive Director)
- Riley Heath Edwards (Chair)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Powering Our Future, Inc. works to promote clean energy infrastructure across Delaware with the goal of building healthy, happy and resilient communities that will stand the test of time. Our primary focus is on connecting individuals and businesses to practical strategies for working towards a cleaner future. Powering Our Future, Inc. works to successfully integrate future-forward green technology into our state's infrastructure while also reducing costs by using a combination of grassroots outreach, strategic partnerships and public education. In furtherance of its mission, the organization offer two main types of programs to incentivize energy efficiency and electrification: giveaways and rebates.
What it reported doing in 2024
Upon dissolution, remaining funds were granted to the Newark Partnership Inc (EIN: 83-3741419), a qualified 501(c)(3), to further similar charitable purposes.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: 6
- Transparency & Controls: 82
- Sustainability: 1
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 5.9%; rating input score 6
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 78.3%; rating input score 1; 1st percentile among comparable filings
Growth
- Program expense growth: -128% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -145.8% per year; rating input score 0; 1st percentile among comparable filings
- Asset growth: -110.9% per year; rating input score 0; 1st percentile among comparable filings
Details
- Where the money goes: 5.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $1K in reported program spending
- Leadership: top reported pay $0 · 2 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Financial Efficiency: Program expense ratio scored 6/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Officer compensation ratio scored 1/100.
- High — Growth: Asset growth scored 0/100.