POWER FORWARD COMMUNITIES INC: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- POWER FORWARD COMMUNITIES INC (EIN 93-2705500)
- Tax period
- 2024-01-01 to 2024-12-31
- Filed
- 2025-11-13
- IRS object ID
- 202543179349307309
- Schema version
- 2024v5.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-11-13T13:32:33-06:00 | ReturnTs |
| Tax Period End | 2024-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 NORTH GLEBE ROAD SUITE 1200 | AddressLine1Txt |
| City | ARLINGTON | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22203 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2024-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 932705500 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | POWER FORWARD COMMUNITIES INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | POWE | BusinessNameControlTxt |
| Phone | 2029425271 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11000 BROKEN LAND PARKWAY 800 | AddressLine1Txt |
| City | COLUMBIA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21044 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | TIMOTHY MAYOPOULOS | PersonNm |
| Person Title | PRESIDENT & CEO | PersonTitleTxt |
| Phone | 2029425271 | PhoneNum |
| Signature | 2025-11-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | ROBERT WILLIAMS | PreparerPersonNm |
| PTIN | P01345960 | PTIN |
| Phone | 5712279500 | PhoneNum |
| Preparation | 2025-11-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | TIMOTHY MAYOPOULOS | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11000 BROKEN LAND PARKWAY 800 | AddressLine1Txt |
| City | COLUMBIA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21044 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,484,569 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | HTTPS://POWERFORWARDCOMMUNITIES.ORG/ | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2023 | FormationYr |
| Legal Domicile State | MD | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 16 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 15 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 15 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $9,484,569 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $0 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $0 | PYInvestmentIncomeAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $0 | PYTotalRevenueAmt |
| CY Total Revenue | $9,484,569 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,491,887 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $0 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $943,796 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $0 | PYOtherExpensesAmt |
| CY Other Expenses | $3,048,886 | CYOtherExpensesAmt |
| PY Total Expenses | $0 | PYTotalExpensesAmt |
| CY Total Expenses | $9,484,569 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $0 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $0 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $100 | TotalAssetsBOYAmt |
| Total Assets EOY | $2,009,871,590 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $0 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $2,009,871,590 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $100 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | SEE SCHEDULE O. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $8,743,244 | ExpenseAmt |
| Grant | $5,491,887 | GrantAmt |
| Desc | DISTRIBUTING GREENHOUSE GAS REDUCTION FUND NATIONAL CLEAN INVESTMENT FUND GRANT TO EXPAND AND PRESERVE AFFORDABLE HOUSING, REDUCE UTILITY BILLS, IMPROVE COMMUNITY HEALTH AND SAFETY, AND CREATE WELL-PAYING JOBS. | Desc |
| Total Program Service Expenses | $8,743,244 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (1) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | 0 | RelatedEntityInd |
| Related Organization Ctrl Ent | 0 | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 16 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 15 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | Yes (1) | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MATT FOSTER | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 4107722630 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 11000 BROKEN LAND PARKWAY SUITE 700 | AddressLine1Txt |
| City | COLUMBIA | CityNm |
| State Abbreviation | MD | StateAbbreviationCd |
| ZIP | 21044 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt |
|---|---|---|---|---|---|---|
| TIMOTHY MAYOPOULOS | ||||||
| PRESIDENT, CEO & DIRECTOR A/O 7/24 | 20.00 | Yes (X) | Yes (X) | $206,250 | $0 | $6,188 |
| SHAUN DONOVAN | ||||||
| DIRECTOR, CO-CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| ARI MATUSIAK | ||||||
| DIRECTOR, CO-CHAIR | 1.00 | Yes (X) | Yes (X) | $0 | $0 | $0 |
| PHYLLIS CALDWELL | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ALEXANDER LASKEY | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| MICHAEL PUGH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JONATHAN RECKFORD | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ANGELA WILLIAMS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| TONYA ALLEN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VINCENT ALVAREZ | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ISMAEL GUERRERO | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| LYNN JURICH | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| OJ SEMANS SR | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| ASHLEY SWEARENGIN | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN WALKER | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| VICTORIA WOODARDS | ||||||
| DIRECTOR | 1.00 | Yes (X) | $0 | $0 | $0 | |
| WILLIAM JENKINS | ||||||
| SVP AND COO A/O 5/24 | 40.00 | Yes (X) | $279,382 | $0 | $24,242 | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $485,632 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $30,430 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 2 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (1) | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $9,484,569 | GovernmentGrantsAmt |
| Total Contributions | $9,484,569 | TotalContributionsAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,484,569 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $0 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,491,887 | TotalAmt |
| Program Services | $5,491,887 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $516,062 | TotalAmt |
| Program Services | $472,713 | ProgramServicesAmt |
| Management And General | $43,349 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $210,756 | TotalAmt |
| Program Services | $193,052 | ProgramServicesAmt |
| Management And General | $17,704 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,717 | TotalAmt |
| Program Services | $2,489 | ProgramServicesAmt |
| Management And General | $228 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,830 | TotalAmt |
| Program Services | $84,116 | ProgramServicesAmt |
| Management And General | $7,714 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $122,431 | TotalAmt |
| Program Services | $111,233 | ProgramServicesAmt |
| Management And General | $11,198 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $305,070 | TotalAmt |
| Program Services | $305,070 | ProgramServicesAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,190,930 | TotalAmt |
| Program Services | $1,578,006 | ProgramServicesAmt |
| Management And General | $612,924 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $62,980 | TotalAmt |
| Program Services | $62,980 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $36 | TotalAmt |
| Program Services | $32 | ProgramServicesAmt |
| Management And General | $4 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,714 | TotalAmt |
| Program Services | $8,156 | ProgramServicesAmt |
| Management And General | $558 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,323 | TotalAmt |
| Program Services | $10,660 | ProgramServicesAmt |
| Management And General | $663 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $159,333 | TotalAmt |
| Program Services | $143,400 | ProgramServicesAmt |
| Management And General | $15,933 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | RECRUITING EXPENSE | Desc |
| Total | $310,500 | TotalAmt |
| Program Services | $279,450 | ProgramServicesAmt |
| Management And General | $31,050 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,484,569 | TotalAmt |
| Program Services | $8,743,244 | ProgramServicesAmt |
| Management And General | $741,325 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,009,366,923 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $504,667 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
| EOY | $2,009,871,590 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $3,833,349 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $5,491,887 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $2,000,546,354 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $2,009,871,590 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $100 | BOYAmt |
| EOY | $2,009,871,590 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $0 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | -$100 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $100 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,484,569 | CurrentTaxYearAmt |
| Total | $9,484,669 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus1 Year | $100 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,484,569 | CurrentTaxYearAmt |
| Total | $9,484,669 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Support Total170 | $9,484,669 | PublicSupportTotal170Amt |
| Total Support | $9,484,669 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART II, SHORT YEAR EXPLANATION: | FormAndLineReferenceDesc |
| Explanation | THE ORGANIZATION'S FIRST YEAR WAS 2023 AND WAS A SHORT YEAR. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
| Total Rev Etc Audited Fincl Stmt | $9,484,569 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Not Reported | $0 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,484,569 | RevenueSubtotalAmt |
| Revenue Not Reported Fincl Stmt | $0 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $9,484,569 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,484,569 | TotExpnsEtcAuditedFinclStmtAmt |
| Expenses Not Reported | $0 | ExpensesNotReportedAmt |
| Expenses Subtotal | $9,484,569 | ExpensesSubtotalAmt |
| Expenses Not Rpt Fincl Stmt | $0 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $9,484,569 | TotalExpensesPerForm990Amt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (4 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| ENTERPRISE GREEN ACCELERATOR INC | ||||||||
| 11000 BROKEN LAND PARKWAYSUITE 800 | COLUMBIA | MD | 21044 | 934026969 | 501(C)(3) | $73,866 | $0 | EXECUTE ON OBJECTIVES OF POWER FORWARD COMMUNITIES NCIF WORKPLAN |
| REWIRING AMERICA COMMUNITY INVESTMENT FUND INC | ||||||||
| 6218 GEORGIA AVE NW SUITE 1 | WASHINGTON | DC | 20011 | 933604596 | 501(C)(3) | $5,028,252 | $0 | EXECUTE ON OBJECTIVES OF POWER FORWARD COMMUNITIES NCIF WORKPLAN |
| LOCAL INITIATIVES SUPPORT CORPORATION | ||||||||
| 28 LIBERTY STREET FLOOR 34 | NEW YORK | NY | 10005 | 133030229 | 501(C)(3) | $244,756 | $0 | EXECUTE ON OBJECTIVES OF POWER FORWARD COMMUNITIES NCIF WORKPLAN |
| UNITED WAY WORLDWIDE | ||||||||
| 701 N FAIRFAX STREET | ALEXANDRIA | VA | 22314 | 131635294 | 501(C)(3) | $145,013 | $0 | EXECUTE ON OBJECTIVES OF POWER FORWARD COMMUNITIES NCIF WORKPLAN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 4 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | PFC DEVELOPED EXTENSIVE PROCEDURES - AS WELL AS GUIDANCE AND TRAINING MATERIALS FOR SUBRECIPIENTS - FOR MONITORING USE OF GRANT FUNDS TO ENTITIES FOR USE IN THE UNITED STATES. THE GRANT AGREEMENT, EPA PROGRAM GUIDANCE, AND UNIFORM ADMINISTRATIVE GUIDANCE REQUIREMENTS SERVED AS AUTHORITATIVE SOURCES FOR DEVELOPMENT OF PFC'S PROCEDURES. THE PROCEDURES GENERALLY REQUIRE SUBRECIPIENTS TO PROVE COST ALLOWABILITY AND ELIGIBILITY FOR EXPENDITURES AND OBLIGATIONS TO PFC BEFORE GAINING ACCESS TO AND USING GRANT FUNDING. PRIOR TO THE RELEASE OF GRANT FUNDING TO SUBRECIPIENTS, PFC REVIEWS AND APPROVES DOCUMENTATION CONFIRMING COST ELIGIBILITY AND ALLOWABILITY. IN ADDITION, PFC'S ANALYSIS OF FINANCIAL AND PERFORMANCE DATA SUBMITTED BY SUBRECIPIENTS DURING QUARTERLY, SEMI-ANNUAL, AND ANNUAL REPORTING CYCLES AFFORDS ADDITIONAL OPPORTUNITIES TO SCRUTINIZE AND VALIDATE SUBRECIPIENTS' USE OF GRANT FUNDING. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (2 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WILLIAM JENKINS | ||||||||||||||
| SVP AND COO A/O 5/24 | $279,067 | $0 | $0 | $0 | $315 | $0 | $7,438 | $0 | $16,804 | $0 | $303,624 | $0 | $0 | $0 |
| TIMOTHY MAYOPOULOS | ||||||||||||||
| PRESIDENT, CEO & DIRECTOR A/O 7/24 | $137,500 | $0 | $68,750 | $0 | $0 | $0 | $6,188 | $0 | $0 | $0 | $212,438 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | FORM 990, PART VII, SECTION A, LINE 5 | FormAndLineReferenceDesc |
| Explanation | TIMOTHY MAYOPOULOS, CEO AND WILLIAM JENKINS, COO, WERE COMPENSATED BY ENTERPRISE COMMUNITY PARTNERS, INC. (ECP), AN UNRELATED ORGANIZATION. THE COMPENSATION WAS FOR SALARY AND BENEFITS. TIMOTHY MAYOPOULOS WAS COMPENSATED $212,438 PURSUANT TO A SECONDMENT AGREEMENT. POWER FORWARD COMMUNITIES REIMBURSED ENTERPRISE COMMUNITY PARTNERS FOR THIS COST. WILLIAM JENKINS, COO, WAS COMPENSATED $303,624 PURSUANT TO A SECONDMENT AGREEMENT. POWER FORWARD COMMUNITIES REIMBURSED ENTERPRISE COMMUNITY PARTNERS FOR THIS COST. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (14 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE 1: | TO ADMINISTER A GREENHOUSE GAS REDUCTION FUND NATIONAL CLEAN INVESTMENT FUND GRANT TO INVEST IN CLEAN-ENERGY HOUSING NATIONWIDE WITH A GOAL OF EXPANDING AND PRESERVING AFFORDABLE HOUSING, REDUCING UTILITY BILLS, IMPROVING COMMUNITY HEALTH AND SAFETY, AND CREATING WELL-PAYING JOBS. |
| FORM 990, PART III, LINE 1: | TO ADMINISTER A GREENHOUSE GAS REDUCTION FUND NATIONAL CLEAN INVESTMENT FUND GRANT TO INVEST IN CLEAN-ENERGY HOUSING NATIONWIDE WITH A GOAL OF EXPANDING AND PRESERVING AFFORDABLE HOUSING, REDUCING UTILITY BILLS, IMPROVING COMMUNITY HEALTH AND SAFETY, AND CREATING WELL-PAYING JOBS. |
| FORM 990, PART VI, SECTION A, LINE 2 | SHAUN DONOVAN IS PRESIDENT AND CHIEF EXECUTIVE OFFICER, AND A MEMBER OF THE BOARD OF TRUSTEES OF ENTERPRISE COMMUNITY PARTNERS, INC. PHYLLIS CAULDWELL AND ISMAEL GUERRERO ARE MEMBERS OF THE ENTERPRISE COMMUNITY PARTERS, INC. BOARD OF TRUSTEES. ARI MATUSIAK IS PRESIDENT AND CEO OF REWIRING AMERICA, INC. ALEX LASKEY IS EXECUTIVE CHAIR OF REWIRING AMERICA. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE BYLAWS WERE AMENDED TO GRANT THE MEMBERS THE RIGHT TO APPROVE: (I) A REDUCTION IN THE AMOUNT OF A SUBAWARD GRANTED TO A SUBAWARDEE, (II) AN INCREASE IN THE AMOUNT OF A SUBWARD GRANTED TO A SUBAWARDEE; AND (III) A SUBSTANATIVE AMENDMENT TO POWER FORWARD COMMUNITIES NATIONAL CLEAN INVESTMENT FUND GRANT AGREEMENT WITH THE ENVIRONMENTAL PROTECTION AGENCY. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE FOUNDING CORPORATE MEMBERS EACH HAVE THE RIGHT TO APPOINT TWO MEMBERS TO POWER FORWARD COMMUNITIES BOARD OF DIRECTORS. THE MEMBERS HAVE THE RIGHT TO APPOINT ONE MEMBER TO THE POWER FORWARD COMMUNITIES BOARD OF DIRECTORS, THE CHIEF EXECUTIVE OFFICER IS AN EX OFFICIO MEMBER OF THE BOARD OF DIRECTORS. THE REMAINING DIRECTORS ARE NOMINATED BY THE NOMINATING AND GOVERNANCE COMMITTEE AND ELECTED BY THE BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7A | THE CORPORATE MEMBERS OF POWER FORWARD COMMUNITIES HAVE RESERVED THE POWER TO: (1) APPOINT CERTAIN MEMBERS OF THE BOARD; (2) AUTHORIZE A CHANGE IN THE AMOUNT OF A SUB-RECIPIENT AGREEMENT; AND (3) AUTHORIZE A SUBSTANTIVE AMENDMENT TO THE NATIONAL CLEAN INVESTMENT FUND GRANT AGREEMENT BETWEEN POWER FORWARD COMMUNITIES AND THE UNITED STATES ENVIRONMENTAL PROTECTION AGENCY. |
| FORM 990, PART VI, SECTION A, LINE 7B | THERE ARE A CERTAIN SET OF DECISIONS RELATING TO THE INCREASE OR DECREASE IN THE AMOUNT OF SUB-RECIPIENTS GRANT AND CHANGES TO THE AGREEMENT WITH THE EPA THAT REQUIRE MEMBER APPROVAL. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE AUDIT COMMITTEE OF THE BOARD REVIEWS THE RETURN AT A MEETING WITH MANAGEMENT PRIOR TO FILING. THE ENTIRE BOARD IS GIVEN A COPY OF THE RETURN PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | ON AN ANNUAL BASIS, DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE PROVIDED THE CONFLICT OF INTEREST POLICY AND REQUIRED TO ACKNOWLEDGE THE CONFLICT OF INTEREST POLICY AND COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE COMPLETED STATEMENTS ARE REVIEWED BY THE ACTING CHIEF LEGAL OFFICER. ANY ISSUES NOTED ARE REFERRED TO THE BOARD OR APPROPRIATE COMMITTEE. A LOG IS MAINTAINED OF ANY DOCUMENTED CONFLICTS AMONG DIRECTOR, OFFICERS AND KEY EMPLOYEES FOR FUTURE REFERENCING. ADDITIONALLY, ANNUALLY EACH EMPLOYEE IS PROVIDED THE BUSINESS ETHICS POLICY AND MUST COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM. NEW EMPLOYEES ARE ALSO REQUIRED TO COMPLETE THE CONFLICT OF INTEREST DISCLOSURE FORM UPON HIRING. A LOG IS MAINTAINED OF ANY DOCUMENTED CONFLICTS OF INTEREST AMONG EMPLOYEES FOR FUTURE REFERENCING. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND OFFICER POSITIONS OF POWER FORWARD COMMUNITIES, INC. IS AS FOLLOWS: POWER FORWARD COMMUNITIES ENGAGES AN INDEPENDENT CONSULTING FIRM WITH SUBJECT MATTER EXPERTISE IN COMPENSATION TO PROVIDE A COMPENSATION STUDY FOR THE CEO & OFFICER POSITIONS TO ESTABLISH REASONABLENESS. THE HUMAN RESOURCES AND COMPENSATION COMMITTEE OF THE BOARD RECEIVES THE REPORT OF THE INDEPENDENT CONSULTING FIRM, REVIEWS PROPOSED COMPENSATION AND APPROVES THE CEO'S COMPENSATION. THIS PROCESS IS DOCUMENTED IN THE COMMITTEE AND BOARD MEETING MINUTES. THE PROCESS WAS LAST COMPLETED IN 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART VI, LINES 8A AND 8B: | MINUTES ARE RECORDED FOR ALL MEETINGS OF THE BOARD OF DIRECTORS, COMMITTEES AND MEMBERS. THOSE MINUTES ARE APPROVED AT THE NEXT MEETING OF THE BOARD OF DIRECTORS, COMMITTEE OR MEMBERS RESPECTIVELY. ANY ACTION TAKEN BY WRITING IN LIEU OF A MEETING IS REQUIRED TO BE UNANIMOUS AND IS RECORDED IN THE MINUTES OF BOARD OF DIRECTORS, COMMITTEE OR MEMBERS RESPECTIVELY. |
| FORM 990, PART IX, LINE 11G | CONSULTING: PROGRAM SERVICE EXPENSES 1,578,006. MANAGEMENT AND GENERAL EXPENSES 612,924. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,190,930. |
| FORM 990, PART XI, LINE 9: | PRIOR PERIOD ADJUSTMENT -100. |