Civic Intelligence

Poweroptions Inc

990 • Fiscal year 2021 • EIN 22-3041893

Jul 01, 2020 to Jun 30, 2021 • Filed on Nov 22, 2021

129 South Street 6th FloorBoston, MA 02111

(617) 737-8480

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

44th percentile

0.09x

Higher debt load relative to assets than 44% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

59th percentile

0.23x

Higher debt load relative to revenue than 59% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

65th percentile

21%

Higher net margin than 65% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

91st percentile

$342,582

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 10.2% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

72nd percentile

22%

Faster asset growth than 72% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

44th percentile

7.5%

Faster revenue growth than 44% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,674,578

Up $1,545,411 (+22%) from 2020

Net Assets

Up

$7,890,937

Up $1,563,342 (+25%) from 2020

Liabilities

Down

$783,641

Down $17,931 (-2.2%) from 2020

Revenue

Up

$3,347,845

Up $233,560 (+7.5%) from 2020

Expenses

Down

$2,632,752

Down $455,593 (-15%) from 2020

Net Income

Up

$715,093

Up $689,153 (+2657%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,988,698Liabilities 2011: $342,087Net Assets 2011: $1,646,6112011Assets 2012: $2,188,510Liabilities 2012: $400,719Net Assets 2012: $1,787,7912012Assets 2013: $2,490,642Liabilities 2013: $369,167Net Assets 2013: $2,121,4752013Assets 2014: $2,670,832Liabilities 2014: $421,510Net Assets 2014: $2,249,3222014Assets 2015: $3,938,801Liabilities 2015: $514,772Net Assets 2015: $3,424,0292015Assets 2016: $4,907,534Liabilities 2016: $576,228Net Assets 2016: $4,331,3062016Assets 2017: $6,325,026Liabilities 2017: $644,783Net Assets 2017: $5,680,2432017Assets 2018: $6,734,691Liabilities 2018: $1,002,761Net Assets 2018: $5,731,9302018Assets 2019: $6,992,075Liabilities 2019: $919,817Net Assets 2019: $6,072,2582019Assets 2020: $7,129,167Liabilities 2020: $801,572Net Assets 2020: $6,327,5952020Assets 2021: $8,674,578Liabilities 2021: $783,641Net Assets 2021: $7,890,9372021Assets 2022: $7,567,467Liabilities 2022: $798,393Net Assets 2022: $6,769,0742022Assets 2023: $8,290,776Liabilities 2023: $979,935Net Assets 2023: $7,310,8412023Assets 2024: $9,756,577Liabilities 2024: $1,336,817Net Assets 2024: $8,419,7602024Assets 2025: $11,088,678Liabilities 2025: $2,153,942Net Assets 2025: $8,934,7362025

Highlighted filing

2021

Assets$8,674,578
Liabilities$783,641
Net Assets$7,890,937

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $1,481,2702011Expenses 2012: $1,702,7182012Expenses 2013: $1,684,3392013Revenue 2014: $2,108,245Expenses 2014: $1,980,398Net Income 2014: $127,8472014Revenue 2015: $3,139,003Expenses 2015: $1,936,994Net Income 2015: $1,202,0092015Revenue 2016: $3,162,557Expenses 2016: $2,411,340Net Income 2016: $751,2172016Revenue 2017: $3,922,329Expenses 2017: $2,884,973Net Income 2017: $1,037,3562017Revenue 2018: $3,376,978Expenses 2018: $3,506,819Net Income 2018: -$129,8412018Revenue 2019: $3,361,194Expenses 2019: $3,189,088Net Income 2019: $172,1062019Revenue 2020: $3,114,285Expenses 2020: $3,088,345Net Income 2020: $25,9402020Revenue 2021: $3,347,845Expenses 2021: $2,632,752Net Income 2021: $715,0932021Revenue 2022: $2,891,389Expenses 2022: $2,885,595Net Income 2022: $5,7942022Revenue 2023: $3,789,504Expenses 2023: $3,674,773Net Income 2023: $114,7312023Revenue 2024: $5,160,023Expenses 2024: $4,746,997Net Income 2024: $413,0262024Revenue 2025: $6,458,794Expenses 2025: $6,303,275Net Income 2025: $155,5192025

Highlighted filing

2021

Revenue$3,347,845
Expenses$2,632,752
Net Income$715,093
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
Nov 22, 2021
Return Version
2020v4.1
Gross Receipts
$5,449,857
Mission and Program Overview

Mission

The mission of poweroptions is to empower non-profits and public entities with solutions to reduce the cost, carbon, and complexity of energy. It leverages its large non-profit membership to secure favorable pricing terms and conditions for energy and also offers 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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$6,440,001$7,778,504▲ $1,338,503
Cash and Non-Interest-Bearing Accounts$438,414$651,916▲ $213,502
Accounts Receivable$156,858$138,416▼ $18,442
Savings and Temporary Cash Investments$29,570$29,617▲ $47
Land, Buildings, and Equipment, Net$19,362$27,089▲ $7,727
Prepaid Expenses and Deferred Charges$15,406$19,480▲ $4,074
Total Assets$7,129,167$8,674,578▲ $1,545,411
Other Assets Total$29,556$29,556→ $0
Liabilities
Deferred Revenue$391,063$420,545▲ $29,482
Accounts Payable and Accrued Expenses$410,509$363,096▼ $47,413
Total Liabilities$801,572$783,641▼ $17,931
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,327,595$7,890,937▲ $1,563,342
Total Net Assets Fund Balance$6,327,595$7,890,937▲ $1,563,342
Total Liabilities and Net Assets / Fund Balance$7,129,167$8,674,578▲ $1,545,411

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$27,089$143,827$170,916
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Heather TaklePresident and CEOFT$262,464$80,118$342,582
Margaret LusardiExecutive Vice PresidentFT$209,874$83,854$293,728
Liam SullivanVice President of MarketingFT$146,825$49,188$196,013
Rita a Moran GreimanBusiness Development ManagerFT$135,060$28,827$163,887
Kristen a PatneaudeDirector of InnovationFT$118,070$44,437$162,507
Cynthia ArcateFormer President and CEOPT$47,993$4,337$52,330

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Howell Energy Consulting LLCEnergy Consultant494 FERN STREET, West Hartford, CT 06107$135,196
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,806,061
Investment Income
$541,784
Other Revenue
$0
Change in Net Assets
$715,093

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,296,363
Revenue Not Reported on Financial Statements
$51,482
Revenue Not Reported on Form 990
$848,249
Total Revenue per Audited Statements
$4,144,612
Total Revenue per Form 990
$3,347,845
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,754,118
Other Expenses$878,634
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$780,302$86,700-$867,002
Other Salaries and Wages$462,119$51,347-$513,466
Fees for Services Management$193,913$78,632-$272,545
Other Employee Benefits$147,321$16,369-$163,690
Occupancy$124,770$13,863-$138,633
Pension Plan Contributions$107,474$11,942-$119,416
Fees for Services Accounting-$102,984-$102,984
Payroll Taxes$81,490$9,054-$90,544
Advertising$79,048--$79,048
Fees for Services Legal$60,418$15,104-$75,522
Fees for Service Investment Mgmnt Fees-$51,482-$51,482
Information Technology$44,051$3,568-$47,619
Fees for Services Lobbying$30,000--$30,000
Other Expenses$22,242$4,683-$26,925
Insurance$2,460$22,137-$24,597
Office Expenses$15,324$1,703-$17,027
Depreciation Depletion$8,185$909-$9,094
Travel$3,158--$3,158
Total Functional Expenses$2,162,275$470,477$0$2,632,752

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$2,632,752
Expenses per Audited Statements$2,581,270
Total Expenses per Audited Statements$2,581,270
Expenses Not Reported on Financial Statements$51,482
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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.

Filing and Contact Details

Filer

Filer Name
Poweroptions Inc
EIN
22-3041893
Phone
6177378480
Address
129 SOUTH STREET 6TH FLOOR, BOSTON, MA 02111

Signing Officer

Name
Margaret Lusardi
Title
Executive Vice-president
Phone
6177378480
Signed
2021-11-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Lusardi
Formed
1989
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
11
Volunteers
9

Preparer

Firm
Aafcpas Inc
Address
50 WASHINGTON STREET, WESTBOROUGH, MA 01581
Preparer
David Kelleher CPA
Phone
5083669100
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

The process has not changed from the prior year.

Financial Statement Notes

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, 2021. Poweroptions' information returns are subject to examination by the federal and state jurisdictions.

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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt10EXECUTIVE VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt11SECRETARY & CLERK
IRS990/Form990PartVIISectionAGrp/TitleTxt12FORMER PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt13VICE PRESIDENT OF MARKETING
IRS990/Form990PartVIISectionAGrp/TitleTxt14BUSINESS DEVELOPMENT MANAGER
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR OF INNOVATION
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01989
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GainOrLossGrp/SecuritiesAmt0428566
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt05449857
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt06
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
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IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt03568
IRS990/InformationTechnologyGrp/ProgramServicesAmt044051
IRS990/InformationTechnologyGrp/TotalAmt047619
IRS990/InsuranceGrp/ManagementAndGeneralAmt022137
IRS990/InsuranceGrp/ProgramServicesAmt02460
IRS990/InsuranceGrp/TotalAmt024597
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IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt06440001
IRS990/InvestmentsPubTradedSecGrp/EOYAmt07778504
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IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02102012
IRS990/LoanOutstandingInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt06327595
IRS990/NetAssetsOrFundBalancesEOYAmt07890937
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0428566
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0428566
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0848249
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt06327595
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt07890937
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ManagementAndGeneralAmt013863
IRS990/OccupancyGrp/ProgramServicesAmt0124770
IRS990/OccupancyGrp/TotalAmt0138633
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01703
IRS990/OfficeExpensesGrp/ProgramServicesAmt015324
IRS990/OfficeExpensesGrp/TotalAmt017027
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt029556
IRS990/OtherAssetsTotalGrp/EOYAmt029556
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt016369
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0147321
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0163690
IRS990/OtherExpensesGrp/Desc0MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04683
IRS990/OtherExpensesGrp/ProgramServicesAmt022242
IRS990/OtherExpensesGrp/TotalAmt026925
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt051347
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0462119
IRS990/OtherSalariesAndWagesGrp/TotalAmt0513466
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt09054
IRS990/PayrollTaxesGrp/ProgramServicesAmt081490
IRS990/PayrollTaxesGrp/TotalAmt090544
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt011942
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0107474
IRS990/PensionPlanContributionsGrp/TotalAmt0119416
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt015406
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019480
IRS990/PrincipalOfficerNm0MARGARET LUSARDI
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0221000
IRS990/ProgramServiceRevenueGrp/BusinessCd1211110
IRS990/ProgramServiceRevenueGrp/Desc0ENERGY SUPPLIER CONTRACT FEES
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM PARTICIPATION FEE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1241610
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02564451
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1241610
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0228219
IRS990/PYOtherExpensesAmt01351285
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt02886066
IRS990/PYRevenuesLessExpensesAmt025940
IRS990/PYSalariesCompEmpBnftPaidAmt01737060
IRS990/PYTotalExpensesAmt03088345
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03114285
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0715093
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02806061
IRS990/SavingsAndTempCashInvstGrp/BOYAmt029570
IRS990/SavingsAndTempCashInvstGrp/EOYAmt029617
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd00
IRS990ScheduleC/SubstantiallyAllDuesNondedInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt027089
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0143827
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0170916
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt051482
IRS990ScheduleD/ExpensesSubtotalAmt02581270
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt051482
IRS990ScheduleD/InvestmentExpensesNotIncldAmt051482
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0848249
IRS990ScheduleD/RevenueNotReportedAmt0848249
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt051482
IRS990ScheduleD/RevenueSubtotalAmt03296363
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0POWEROPTIONS 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, 2021. POWEROPTIONS' INFORMATION RETURNS ARE SUBJECT TO EXAMINATION BY THE FEDERAL AND STATE JURISDICTIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt027089
IRS990ScheduleD/TotalExpensesPerForm990Amt02632752
IRS990ScheduleD/TotalRevenuePerForm990Amt03347845
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04144612
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02581270
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/IndependentConsultantInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0262464
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1209874
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt2146825
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt3135060
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt4118070
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount024300
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount147897
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount211823
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount310944
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount49529
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt20
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt30
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt40
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$11.1$2.15$8.93$6.46$6.30$0.16
2024Detailed filing. Detailed filing data is available for this year.$9.76$1.34$8.42$5.16$4.75$0.41
2023Detailed filing. Detailed filing data is available for this year.$8.29$0.98$7.31$3.79$3.67$0.11
2022Detailed filing. Detailed filing data is available for this year.$7.57$0.80$6.77$2.89$2.89$0.01
2021Detailed filing. Detailed filing data is available for this year.$8.67$0.78$7.89$3.35$2.63$0.72
2020Detailed filing. Detailed filing data is available for this year.$7.13$0.80$6.33$3.11$3.09$0.03
2019Detailed filing. Detailed filing data is available for this year.$6.99$0.92$6.07$3.36$3.19$0.17
2018Detailed filing. Detailed filing data is available for this year.$6.73$1.00$5.73$3.38$3.51$0.13
2017Detailed filing. Detailed filing data is available for this year.$6.33$0.64$5.68$3.92$2.88$1.04
2016Summary only. Only limited summary data is available for this year.$4.91$0.58$4.33$3.16$2.41$0.75
2015Detailed filing. Detailed filing data is available for this year.$3.94$0.51$3.42$3.14$1.94$1.20
2014Detailed filing. Detailed filing data is available for this year.$2.67$0.42$2.25$2.11$1.98$0.13
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.49$0.37$2.12$1.68
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.19$0.40$1.79$1.70
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.99$0.34$1.65$1.48