2025-11-13T13:32:33-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 950 NORTH GLEBE ROAD SUITE 1200 ARLINGTON VA 22203 990 2024-01-01 932705500 POWER FORWARD COMMUNITIES INC POWE 2029425271 11000 BROKEN LAND PARKWAY 800 COLUMBIA MD 21044 TIMOTHY MAYOPOULOS PRESIDENT & CEO 2029425271 2025-11-12 1 0 ROBERT WILLIAMS P01345960 5712279500 2025-11-12 2024 2025-03-06 01:10:19Z TIMOTHY MAYOPOULOS 11000 BROKEN LAND PARKWAY 800 COLUMBIA MD 21044 9484569 0 X HTTPS://POWERFORWARDCOMMUNITIES.ORG/ X 2023 MD SEE SCHEDULE O. 16 15 0 15 0 0 0 9484569 0 0 0 0 0 0 0 9484569 0 5491887 0 0 0 943796 0 0 0 0 3048886 0 9484569 0 0 100 2009871590 0 2009871590 100 0 X SEE SCHEDULE O. 0 0 8743244 5491887 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. 8743244 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 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 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 1 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MATT FOSTER 4107722630 11000 BROKEN LAND PARKWAY SUITE 700 COLUMBIA MD 21044 TIMOTHY MAYOPOULOS PRESIDENT, CEO & DIRECTOR A/O 7/24 20.00 X X 206250 0 6188 SHAUN DONOVAN DIRECTOR, CO-CHAIR 1.00 X X 0 0 0 ARI MATUSIAK DIRECTOR, CO-CHAIR 1.00 X X 0 0 0 PHYLLIS CALDWELL DIRECTOR 1.00 X 0 0 0 ALEXANDER LASKEY DIRECTOR 1.00 X 0 0 0 MICHAEL PUGH DIRECTOR 1.00 X 0 0 0 JONATHAN RECKFORD DIRECTOR 1.00 X 0 0 0 ANGELA WILLIAMS DIRECTOR 1.00 X 0 0 0 TONYA ALLEN DIRECTOR 1.00 X 0 0 0 VINCENT ALVAREZ DIRECTOR 1.00 X 0 0 0 ISMAEL GUERRERO DIRECTOR 1.00 X 0 0 0 LYNN JURICH DIRECTOR 1.00 X 0 0 0 OJ SEMANS SR DIRECTOR 1.00 X 0 0 0 ASHLEY SWEARENGIN DIRECTOR 1.00 X 0 0 0 KEVIN WALKER DIRECTOR 1.00 X 0 0 0 VICTORIA WOODARDS DIRECTOR 1.00 X 0 0 0 WILLIAM JENKINS SVP AND COO A/O 5/24 40.00 X 279382 0 24242 485632 0 30430 2 0 1 1 0 9484569 9484569 9484569 0 0 0 X 5491887 5491887 516062 472713 43349 210756 193052 17704 2717 2489 228 91830 84116 7714 122431 111233 11198 305070 305070 2190930 1578006 612924 62980 62980 36 32 4 8714 8156 558 11323 10660 663 159333 143400 15933 RECRUITING EXPENSE 310500 279450 31050 9484569 8743244 741325 0 100 2009366923 504667 100 2009871590 3833349 5491887 2000546354 0 2009871590 X 100 0 100 0 100 2009871590 X 0 -100 X 0 1 X 1 1 1 X 100 9484569 9484669 100 9484569 9484669 9484669 9484669 X PART II, SHORT YEAR EXPLANATION: THE ORGANIZATION'S FIRST YEAR WAS 2023 AND WAS A SHORT YEAR. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 9484569 0 9484569 0 9484569 9484569 0 9484569 0 9484569 1 ENTERPRISE GREEN ACCELERATOR INC 11000 BROKEN LAND PARKWAYSUITE 800 COLUMBIA MD 21044 934026969 501(C)(3) 73866 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) 5028252 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) 244756 0 EXECUTE ON OBJECTIVES OF POWER FORWARD COMMUNITIES NCIF WORKPLAN UNITED WAY WORLDWIDE 701 N FAIRFAX STREET ALEXANDRIA VA 22314 131635294 501(C)(3) 145013 0 EXECUTE ON OBJECTIVES OF POWER FORWARD COMMUNITIES NCIF WORKPLAN 4 0 PART I, LINE 2: 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. 0 0 0 0 0 0 0 0 0 WILLIAM JENKINS SVP AND COO A/O 5/24 279067 0 0 0 315 0 7438 0 16804 0 303624 0 0 0 TIMOTHY MAYOPOULOS PRESIDENT, CEO & DIRECTOR A/O 7/24 137500 0 68750 0 0 0 6188 0 0 0 212438 0 0 0 FORM 990, PART VII, SECTION A, LINE 5 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. 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.