Efi Foundation

“The Foundation has a Compensation Committee composed of three independent directors on the Board who receive no compensation from the Foundation and have no other conflicts of interest. The Compensation Committee is responsible for approving the compensation of all disqualified persons (including those listed in Part VI, Section B, Lines 15a and 15b) in advance. Prior to making its determination, the Committee obtains and relies on appropriate comparability data, using a study developed from Form 990s of similarly situated public charities showing compensation paid to persons in similar positions. The Committee adequately and timely documents the basis for its determination concurrently with making compensation decisions, in the form of meeting minutes and committee resolutions.”

“Joseph S. Hezir, Ernest J. Moniz, and Melanie A. Kenderdine (EVP and Secretary thru 4/30/24) maintained a business relationship during the tax year.”

“Form 990 was prepared by a nationally recognized accounting firm in conjunction with the organization's financial department. The draft Form 990 was reviewed by the Treasurer for accuracy and completeness, then provided to the Audit Committee of the Board of Directors for review before being distributed to the full Board prior to filing with the Internal Revenue Service.”

“For board members, a conflict of interest review is conducted during the annual board meeting. For staff, the Foundation requires employees to sign the handbook acknowledging that they have read and agree to follow its policies, including the mandatory reporting of any conflicts of interest.”

“The organization's governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

“EFI Foundation is a Washington, DC-based nonprofit 501(c)(3) organization dedicated to educating the public on innovative evidence-based technology and policy solutions to complex energy challenges. The foundation's work combines rigorous analysis with a pragmatic approach to bridge the gap towards a low carbon energy future. The EFI Foundation and its predecessor organization (the Energy Futures Initiative) has released over fifty public reports on energy security and policy innovation, conducted over a hundred workshops and educational webinars, and informed the creation of a number of new governmental initiatives. Under the leadership of Ernest J. Moniz, the 13th U.S. Secretary of Energy, foundation personnel have decades of experience and proven track records in government, academia, and the private sector. EFI Foundation adheres to the principle of analytical independence while focusing on solutions that are effective, pragmatic, equitable, and acceptable to the broadest range of stakeholders. Our research team and global network of multidisciplinary experts understand current energy markets, trends, and needs, and apply this collective talent and knowledge to a range of policy questions. EFI Foundation builds on the prior work of the Energy Futures initiative, founded in 2017.”

“CONSULTANTS - Total Expense: 6178980, Program Service Expense: 5668787, Management and General Expenses: 510193, Fundraising Expenses: 0;”

“The increase in net assets of $351,835 is a result of additional 2023 program service revenue that qualifies as related revenue for Form 990 reporting. This adjustment was recorded following the completion of the financial statement audit and after the 2023 Form 990 was filed, and is consistent with the 2023 audited financial statements.”