Power 4 Tomorrow Inc
- Assets
- $255.7k
- Revenue
- $890.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Arlington, VA
- Founding
- Data as of
- 12/2022
- EIN
- 86-2669443
Organization Overview
Power 4 Tomorrow Inc is located in Arlington, VA. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Power 4 Tomorrow Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Power 4 Tomorrow Inc generated $890.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (44.2%) each year. All expenses for the organization totaled $975.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (38.3%) per year over the past 2 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
POWER FOR TOMORROW IS A 501 (C) (6) TRADE ASSOCIATION THAT STRIVES TO BECOME THE NATION'S PREMIER RESOURCE FOR PROVIDING THOUGHTFUL, PRACTICAL RESEARCH, COMMENTARY, AND INFORMATION REGARDING HOW THE REGULATED ELECTRIC UTILITY MODEL CAN PROTECT CONSUMERS AND SUPPORT ENVIRONMENTAL AND PUBLIC POLICY GOALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SUPPORT: POWER FOR TOMORROW (PFT) EDUCATES CONSUMERS ACROSS THE COUNTRY THROUGH PAID MEDIA OFFERING A PRACTICAL ANALYSIS OF HOW REGULATED UTILITIES ARE BEST POSITIONED TO PRODUCE RELIABLE ELECTRICITY, PROTECT CONSUMERS, AND ADAPT TO THE QUICKLY CHANGING ENERGY LANDSCAPE; ALL WHILE ALLOWING STATES TO PURSUE THEIR OWN PUBLIC POLICY GOALS. IN 2021 POWER FOR TOMORROW PUBLISHED VARIOUS RESEARCH PAPERS, COMMENTARY AND INSIGHTS SPECIFIC TO THIS TOPIC, ADDRESSSING TRENDS, EMERGING ISSUES AND BREAKING NEWS - ALL BACKED BY DATA AND THOUGHTFUL ANALYSIS. ADDITIONALLY, PFT LEAD PUBLIC EDUCATION CAMPAIGNS TO BETTER INFORM CUSTOMERS, LAWMAKERS, AND THE MEDIA ABOUT EFFORTS TO DEREGULATED STATES AND ADOPT THE RISKY TEXAS MODEL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noel Black Chairman, Di | OfficerTrustee | 1 | $0 |
John Hudson Director | Trustee | $0 | |
Gary Meltz Executive Di | Trustee | 9 | $0 |
Pepper Natonski Director | Trustee | $0 | |
Brad Viator Treasurer | OfficerTrustee | 10 | $0 |
Keith Windle Vice Chairma | OfficerTrustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Westover Company Llc Consulting | 12/30/22 | $303,827 |
Meltz Communications Consulting | 12/30/22 | $204,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $400,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $490,516 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $890,516 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $890,516 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $138,133 |
| Fees for services: Accounting | $44,925 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $208,289 |
| Advertising and promotion | $186,078 |
| Office expenses | $4,091 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $24,586 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $38,590 |
| Total functional expenses | $975,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $188,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,400 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $255,704 |
| Accounts payable and accrued expenses | $44,070 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $173 |
| Total liabilities | $44,243 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $211,461 |
| Total liabilities and net assets/fund balances | $255,704 |