Civic Intelligence

Potential Energy Inc.

990EZ • Fiscal year 2021 • EIN 26-1321043

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2023

5516 Beaudry StEmeryville, CA 94608

(971) 386-3195

Siviq Scores

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

Liabilities / Assets

99th percentile

5.19x

Higher debt load relative to assets than 99% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.46x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

21st percentile

-15%

Higher net margin than 21% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

92nd percentile

$48,543

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 50.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

6th percentile

-62%

Faster asset growth than 6% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

13th percentile

-60%

Faster revenue growth than 13% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$8,674

Down $14,185 (-62%) from 2020

Net Assets

Down

-$36,326

Down $14,185 (-64%) from 2020

Liabilities

Flat

$45,000

Flat from 2020

Revenue

Down

$97,165

Down $144,415 (-60%) from 2020

Expenses

Down

$111,350

Down $51,834 (-32%) from 2020

Net Income

Down

-$14,185

Down $92,581 (-118%) from 2020

Historical Trend

Balance Sheet Trend

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

$400K$200K$0-$200KAssets 2011: $4,426Liabilities 2011: $64Net Assets 2011: $4,3622011Assets 2014: $358,503Liabilities 2014: $47,624Net Assets 2014: $310,8792014Assets 2015: $177,978Liabilities 2015: $6,100Net Assets 2015: $171,8782015Assets 2016: $39,539Net Assets 2016: $39,5392016Assets 2020: $22,859Liabilities 2020: $45,000Net Assets 2020: -$22,1412020Assets 2021: $8,674Liabilities 2021: $45,000Net Assets 2021: -$36,3262021Assets 2022: $57,593Liabilities 2022: $179,400Net Assets 2022: -$121,8072022Assets 2023: $278,610Liabilities 2023: $176,896Net Assets 2023: $101,7142023Assets 2024: $224,876Liabilities 2024: $172,174Net Assets 2024: $52,7022024Assets 2025: $201,076Liabilities 2025: $167,339Net Assets 2025: $33,7372025

Highlighted filing

2021

Assets$8,674
Liabilities$45,000
Net Assets-$36,326

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2011: $12,113Expenses 2011: $10,224Net Income 2011: $1,8892011Revenue 2014: $582,259Expenses 2014: $551,591Net Income 2014: $30,6682014Revenue 2015: $352,124Expenses 2015: $491,125Net Income 2015: -$139,0012015Revenue 2016: $11,567Expenses 2016: $143,906Net Income 2016: -$132,3392016Revenue 2020: $241,580Expenses 2020: $163,184Net Income 2020: $78,3962020Revenue 2021: $97,165Expenses 2021: $111,350Net Income 2021: -$14,1852021Revenue 2022: $78,422Expenses 2022: $163,903Net Income 2022: -$85,4812022Revenue 2023: $555,573Expenses 2023: $332,052Net Income 2023: $223,5212023Revenue 2024: $310,571Expenses 2024: $359,368Net Income 2024: -$48,7972024Revenue 2025: $89,800Expenses 2025: $108,765Net Income 2025: -$18,9652025

Highlighted filing

2021

Revenue$97,165
Expenses$111,350
Net Income-$14,185
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2023
Return Version
2021v4.1
Gross Receipts
$113,763
Mission and Program Overview

Mission

Potential Energy adapts and scales technologies that improve lives in developing countries.

Program Services

DescriptionGrantsExpenses
The COVID-19 lockdown in Uganda lasted a year and a half, having huge economic repercussions as even the borders were closed for travel.Continued on Sch. O-$85,267
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JESSICA DE CLERCKManaging DirectorFT$48,543-$48,543
TYLER VALIQUETTEChair-$0--
MITESH GALAMember-$0--
KEVIN BLAKEMember-$0--
Filing and Contact Details

Filer

Filer Name
Potential Energy Inc
EIN
26-1321043
Phone
9713863195
Address
5516 BEAUDRY ST, EMERYVILLE, CA 94608

Signing Officer

Name
Jessica De Clerck
Title
Managing Director
Signed
2023-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Doran & Associates
Address
70 MITCHELL BLVD Ste 102, San Rafael, CA 94903
Preparer
Lisa Doran CPA
Phone
4154911130
Supplemental Narrative

Additional Explanations

Other Expenses.1001

Advertising and Promotion $16196

Other Expenses.1002

Office Expenses $662

Other Expenses.1003

Information Technology $1697

Other Expenses.1005

Travel $2357

Other Expenses.1009

Depreciation $185

Other Expenses.1

FUNDRAISING EXPENSE $680

Other Expenses.2

Bank charges and fees $624

Other Expenses.3

TAXES AND LICENSES $122

Other Assets.1003

Machinery and Equipment - Beginning $1113 Machinery and Equipment - Ending $927

Other Assets.1011

Prepaid Expenses and Deferred Charges - Beginning $1500 Prepaid Expenses and Deferred Charges - Ending $1500

Total Liabilities.1008

Unsecured Notes and Loans Payable - Beginning $45000 Unsecured Notes and Loans Payable - Ending $45000

Part III, Line 28, Statement of Program Service Accomplishments

Continued Most businesses struggled severely including our organization. Given the lack of vaccines available in Uganda the pandemic put major delays on our projects and institutional funding streams and forced us to temporarily close down most sales channels due to safety concerns. With that said, we did manage to carry out some partnership with the German government through GiZ, the technical organization in which we marketed efficient cookstoves and managed to sell 901 Berkeley Darfur Stoves, 499 charcoal stoves, 13 baking ovens and 24 grills. We began using a phone app for sales to reduce user contact and increased marketing via facebook.

Raw XML Appendix187 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0CHAIR
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IRS990EZ/OperateHospitalInd0false
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IRS990EZ/PrimaryExemptPurposeTxt0POTENTIAL ENERGY ADAPTS AND SCALES TECHNOLOGIES THAT IMPROVE LIVES IN DEVELOPING COUNTRIES.
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0289187
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Advertising and Promotion $16196
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Office Expenses $662
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Information Technology $1697
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Travel $2357
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Depreciation $185
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FUNDRAISING EXPENSE $680
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6BANK CHARGES AND FEES $624
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7TAXES AND LICENSES $122
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Machinery and Equipment - Beginning $1113 Machinery and Equipment - Ending $927
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Prepaid Expenses and Deferred Charges - Beginning $1500 Prepaid Expenses and Deferred Charges - Ending $1500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Unsecured Notes and Loans Payable - Beginning $45000 Unsecured Notes and Loans Payable - Ending $45000
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11Continued Most businesses struggled severely including our organization. Given the lack of vaccines available in Uganda the pandemic put major delays on our projects and institutional funding streams and forced us to temporarily close down most sales channels due to safety concerns. With that said, we did manage to carry out some partnership with the German government through GiZ, the technical organization in which we marketed efficient cookstoves and managed to sell 901 Berkeley Darfur Stoves, 499 charcoal stoves, 13 baking ovens and 24 grills. We began using a phone app for sales to reduce user contact and increased marketing via facebook.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1001
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.1002
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.1005
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Other Expenses.1009
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Other Assets.1003
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Other Assets.1011
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Total Liabilities.1008
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Part III, Line 28, Statement of Program Service Accomplishments
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JESSICA DE CLERCK
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGING DIR.
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-11-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0POTENTIAL ENERGY INC
ReturnHeader/Filer/BusinessNameControlTxt0POTE
ReturnHeader/Filer/EIN0261321043
ReturnHeader/Filer/PhoneNum09713863195
ReturnHeader/Filer/USAddress/AddressLine1Txt05516 BEAUDRY ST
ReturnHeader/Filer/USAddress/CityNm0EMERYVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd094608
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262769279
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DORAN & ASSOCIATES
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt070 MITCHELL BLVD Ste 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0San Rafael
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd094903
ReturnHeader/PreparerPersonGrp/PhoneNum04154911130
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Lisa Doran CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-11-14T16:42:47-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0JESSICA DE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0CLERCK
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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