2018-10-24T13:20:18-05:00 2018-06-30 042571780 ALEXANDER ARONSON FINNING & CO PC 50 WASHINGTON STREET WESTBOROUGH MA 01581 990 2017-07-01 223041893 POWEROPTIONS INC POWE 6177378480 129 SOUTH STREET 5TH FLOOR BOSTON MA 02111 CYNTHIA ARCATE PRESIDENT & CEO 6177378480 2018-10-16 1 DAVID KELLEHER CPA P01059560 5083669100 2018-10-05 64.238.141.162 2018-10-16 15:02:23 ED P C6EEA8951B55E8B6A746B93B5E5C2F4BCDF7BC32 CB2B07AFD6767982BCB28B09646F6ACBACA35001 2017 2018-06-14 16:35:46Z CYNTHIA ARCATE 129 SOUTH STREET - 5TH FLOOR BOSTON MA 02111 4726737 0 X WWW.POWEROPTIONS.ORG X 1989 MA POWEROPTIONS IS A NON-PROFIT ENERGY BUYING CONSORTIUM FOR NON-PROFITS, CITIES, TOWNS AND GOVERNMENT AGENCIES THROUGHOUT THE COMMONWEALTH OF MASSACHUSETTS AS WELL AS CONNECTICUT AND RHODE ISLAND. IT PROVIDES MORE THAN 400 MEMBERS WITH PRE-NEGOTIATED TERMS AND CONDITIONS FOR ELECTRICITY, NATURAL GAS SUPPLY AND SOLAR POWER, WHICH HAVE BEEN COMPETITVELY PROCURED ON BEHALF OF THE CONSORTIUM. 10 10 10 11 0 0 0 0 3824125 3144415 98204 232563 0 0 3922329 3376978 0 202000 0 0 1428427 1537458 0 0 0 1456546 1767361 2884973 3506819 1037356 -129841 6325026 6734691 644783 1002761 5680243 5731930 X THE MISSION OF POWEROPTIONS IS TO USE THE LEVERAGE OF ITS LARGE NON-PROFIT MEMBERSHIP TO SECURE FAVORABLE PRICING TERMS AND CONDITIONS FOR ENERGY AND ENERGY RELATED SERVICES IN THE COMPETITIVE MARKET. IN DOING SO, POWEROPTIONS HELPS ITS MEMBERS SAVE MONEY THAT CAN BE DEPLOYED IN THE FURTHERANCE OF THE MISSIONS OF THE INDIVIDUAL NON-PROFIT ORGANIZATIONS IN THE CONSORTIUM. 0 0 2734499 202000 3144415 POWEROPTIONS CONDUCTS COMPETITIVE PROCUREMENTS FOR ENERGY AND ENERGY RELATED SERVICES ON BEHALF OF THE CONSORTIUM OF MORE THAN 400 MEMBERS. THIS REQUIRES THE HIRING OF CONSULTANTS AND LEGAL SERVICES TO EVALUATE AND NEGOTIATE THE TERMS AND CONDITIONS FOR THE MEMBERS. ON AN ON-GOING BASIS, POWEROPTIONS STAFF FACILITATES THE ADMINISTRATION AND THE MARKETING OF THE PROGRAM, ASSISTS MEMBERS WITH BILLING DISPUTES WITH THE SUPPLIERS AND DEVELOPS NEW PROGRAM OPTIONS FOR THE CONSORTIUM. IN THE SPRING OF 2018, POWEROPTIONS PROVIDED CASH GRANTS TO CERTAIN OF ITS MEMBERS AS PART OF A CELEBRATION OF ITS 20TH ANNIVERSARY. THE GRANTS WERE MADE TO ASSIST THOSE MEMBERS IN FULFILLING THEIR RESPECTIVE MISSIONS. 2734499 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 19 0 1 10 1 0 0 0 0 0 0 0 0 0 0 X 10 10 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X X POWEROPTIONS ATTN CYNTHIA ARCATE 6177378480 129 SOUTH STREET - 5TH FLOOR BOSTON MA 02111 CHRISTINE SCHUSTER BOARD CHAIR AND TRUSTEE 1.00 X X 0 0 0 JOHN DICKSON BOARD TREASURER 1.00 X X 0 0 0 JANET GAIL BESSER TRUSTEE 1.00 X 0 0 0 TINA BENNETT TRUSTEE 1.00 X 0 0 0 IKE PAPADOPOULOS TRUSTEE 1.00 X 0 0 0 JOHN COCHRANE TRUSTEE 1.00 X 0 0 0 BARBARA KATES-GARNICK TRUSTEE 1.00 X 0 0 0 PATRICIA BEGROWICZ TRUSTEE 1.00 X 0 0 0 EMILY REICHERT TRUSTEE 1.00 X 0 0 0 MOUMITA PURKAYASTHA TRUSTEE 1.00 X 0 0 0 FREDERICK KLEIN TRUSTEE 1.00 X 0 0 0 ROBERT RUDDOCK ESQ SECRETARY & CLERK 1.00 X 0 0 0 CYNTHIA A ARCATE PRESIDENT AND CEO 40.00 X 263774 0 42627 MARGARET LUSARDI EXECUTIVE VICE PRESIDENT 40.00 X 206564 0 28881 LIAM SULLIVAN VICE PRESIDENT OF MARKETING 40.00 X 153369 0 32547 TOBY AST DIRECTOR OF INNOVATION 40.00 X 126066 0 25657 749773 0 129712 4 0 1 0 HOWELL ENERGY CONSULTING LLC 494 FERN STREET WEST HARTFORD CT 06107 ENERGY CONSULTANT 136852 GLOBAL STRATEGY GROUP LLC 215 PARK AVENUE SOUTH NEW YORK NY 10003 STRATEGIC COMMUNICATIONS 131637 BROWN RUDNICK LLP ONE FINANCIAL CENTER BOSTON MA 02111 LEGAL 111562 3 ENERGY SUPPLIER CONTRACT FEES 221000 2953538 2953538 PROGRAM PARTICIPATION FEE 211110 190877 190877 3144415 156637 156637 1425685 1349759 75926 75926 75926 3376978 3144415 0 232563 X 202000 202000 762741 686466 76275 538300 484470 53830 45910 41319 4591 114135 102722 11413 76372 68735 7637 250827 207271 43556 112257 8586 103671 78325 48025 30300 45100 45100 445267 259736 185531 266137 266137 21792 13521 8271 35313 31782 3531 189269 18927 170342 42092 42092 16951 15256 1695 24898 2490 22408 ELECTRIC VEHICLE CHARGI 200000 200000 MISCELLANEOUS 30383 26214 4169 BAD DEBT 8750 8750 3506819 2734499 772320 0 416074 167733 29102 229426 14901 74351 45432 70253 149095 114931 29744 34164 5760217 6129208 29556 29556 6325026 6734691 267561 619274 377222 383487 644783 1002761 X 5680243 5731930 5680243 5731930 6325026 6734691 -129841 181528 0 X X 0 1 X 1 0 1 0 0 149095 114931 34164 34164 X 3513406 181528 181528 3331878 45100 45100 3376978 3461719 0 3461719 45100 45100 3506819 PART X, LINE 2: POWEROPTIONS ACCOUNTS FOR UNCERTAINTY IN INCOME TAXES IN ACCORDANCE WITH ASC TOPIC, INCOME TAXES. THIS STANDARD CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS AND PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENTS REGARDING A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. POWEROPTIONS HAS DETERMINED THAT THERE ARE NO UNCERTAIN TAX POSITIONS WHICH QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AT JUNE 30, 2018. POWEROPTIONS' INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS. 1 ANIMAL RESCUE LEAGUE OF BOSTON 10 CHANDLER STREET BOSTON MA 02116 042103714 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY ARTSPACE INC 63 SUMMER STREET MAYNARD MA 01754 042986718 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY BAY PATH UNIVERSITY 588 LONGMEADOW ST LONGMEADOW MA 01106 042103865 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY COMMUNITY SERVINGS 18 MARBURY TERRACE JAMAICA PLAIN MA 02130 223154028 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY ECOTARIUM 222 HARRINGTON WAY WORCESTER MA 01604 042105868 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY FITCHBURG PUBLIC SCHOOLS 376 SOUTH STREET FITCHBURG MA 01420 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY HARBORLIGHT COMMUNITY PARTNERS PO BOX 507 BEVERLY MA 01915 042313571 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY LANDMARK SCHOOL 429 HALE ST PRIDES CROSSING MA 01965 042429311 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY MALDEN YMCA 99 DARTMOUTH STREET MALDEN MA 02148 042105874 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY MANAGED HEALTH RESOURCES 259 LOWELL STREET SOMERVILLE MA 02144 043189108 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY MANET COMMUNITY HEALTH CENTER 110 WEST SQUANTUM STREET NORTH QUINCY MA 02171 042646695 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY METROWEST YMCA 280 OLD CONNECTICUT PATH FRAMINGHAM MA 01701 042281530 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY NEW BEDFORD HOUSING AUTHORITY 128 UNION STREET 4TH FL NEW BEDFORD MA 02740 046003481 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY ROGERSON COMMUNITIES ONE FLORENCE STREET BOSTON MA 02131 042104319 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY SAN JUAN CENTER INC 1283 MAIN STREET HARTFORD CT 06106 060890788 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY SHRINERS HOSPITALS FOR CHILDREN BOSTON 51 BLOSSOM STREET BOSTON MA 02114 362193608 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY WINCHENDON HOUSING AUTHORITY 108 IPSWICH DRIVE WINCHENDON MA 01475 042310082 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY WORK INC 25 BEACH STREET DORCHESTER MA 02122 237100726 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY YOUTH OPPORTUNITIES UPHELD INC 81 PLANTATION STREET WORCESTER MA 01604 042925844 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY CHARLES RIVER CENTER 59 EAST MILITIA HEIGHTS DRIVE NEEDHAM MA 02492 042393108 501C3 10000 AWARD AS PART OF POWEROPTIONS' TWENTIETH ANNIVERSARY PART I, LINE 2: POWEROPTIONS CONDUCTS FIELD INVESTIGATIONS TO REVIEW HOW ITS MEMBERS USE THE GRANT FUNDS. X X X X X 0 0 0 0 0 0 0 0 0 CYNTHIA A ARCATE PRESIDENT AND CEO 239781 0 23993 0 0 0 0 0 42627 0 306401 0 0 0 MARGARET LUSARDI EXECUTIVE VICE PRESIDENT 187653 0 18911 0 0 0 0 0 28881 0 235445 0 0 0 LIAM SULLIVAN VICE PRESIDENT OF MARKETING 139464 0 13905 0 0 0 0 0 32547 0 185916 0 0 0 TOBY AST DIRECTOR OF INNOVATION 114541 0 11525 0 0 0 0 0 25657 0 151723 0 0 0 FORM 990, PART VI, SECTION A, LINE 4 THE BY-LAWS WERE CHANGED TO MORE ACCURATELY REFLECT THE RESPONSIBILITIES AND CURRENT PRACTICES OF THE TREASURER. FORM 990, PART VI, SECTION B, LINE 11B FORM 990, PART VI, LINE 11 - FORM 990 REVIEW PROCESS - THE FORM 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE AND IS DISTRIBUTED TO THE BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C FORM 990, PART VI, LINE 12C - CONFLICT OF INTEREST POLICY - TRUSTEES, OFFICERS AND EMPLOYEES ARE REQUIRED TO COMPLETE AND RETURN AN ANNUAL CONFLICT DISCLOSURE QUESTIONNAIRE DISTRIBUTED BY POWEROPTIONS AND MAINTAINED IN THE ORGANIZATION'S RECORDS. FORM 990, PART VI, SECTION B, LINE 15 FORM 990, PART VI, LINE 15 - EXECUTIVE COMPENSATION - THE COMPENSATION COMMITTEE OF THE BOARD HAS THE RESPONSIBILITY FOR REVIEWING AND MAKING RECOMMENDATIONS TO THE BOARD FOR THE COMPENSATION OF OFFICERS OF THE ORGANIZATION. COMPENSATION IS REVIEWED PERIODICALLY. A SALARY SURVEY IS CONDUCTED BY AN INDEPENDENT THIRD-PARTY FIRM THAT USES A PROPRIETARY JOB EVALUATION MODEL FORM 990, PART VI, SECTION C, LINE 19 FORM 990, PART VI, LINE 19 - PUBLIC AVAILABILITY OF ORGANIZATION DOCUMENTS - ALL DOCUMENTS ARE AVAILABLE UPON REQUEST WITHIN THE TIMEFRAMES AS REQUIRED. FORM 990, PART IX, LINE 11G OTHER CONSULTANTS: PROGRAM SERVICE EXPENSES 7,544. MANAGEMENT AND GENERAL EXPENSES 27,244. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,788. PAYROLL PROCESSING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 18,220. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,220. ENERGY CONSULTANTS: PROGRAM SERVICE EXPENSES 252,192. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 252,192. STRATEGIC PLANNING CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 140,067. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 140,067. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.