Civic Intelligence

Efi Foundation

990 • Fiscal year 2022 • EIN 87-3398574

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 05, 2025

900 17th St NW 1100Washington, DC 20006

(202) 688-0010

Siviq Scores

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

Liabilities / Assets

74th percentile

0.27x

Higher debt load relative to assets than 74% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Liabilities / Revenue

66th percentile

0.21x

Higher debt load relative to revenue than 66% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Net Margin

91st percentile

55%

Higher net margin than 91% of similar nonprofits.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Top Officer Pay

87th percentile

$169,667

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.0% of source-year revenue.

2022 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2022

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2022

Assets

$2,591,182

No earlier filing loaded for comparison.

Net Assets

$1,887,106

No earlier filing loaded for comparison.

Liabilities

$704,076

No earlier filing loaded for comparison.

Revenue

$3,416,194

No earlier filing loaded for comparison.

Expenses

$1,529,088

No earlier filing loaded for comparison.

Net Income

$1,887,106

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2022: $2,591,182Liabilities 2022: $704,076Net Assets 2022: $1,887,1062022Assets 2023: $2,715,958Liabilities 2023: $1,901,061Net Assets 2023: $814,8972023Assets 2024: $5,193,792Liabilities 2024: $2,134,531Net Assets 2024: $3,059,2612024

Highlighted filing

2022

Assets$2,591,182
Liabilities$704,076
Net Assets$1,887,106

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2022: $3,416,194Expenses 2022: $1,529,088Net Income 2022: $1,887,1062022Revenue 2023: $4,136,283Expenses 2023: $5,208,492Net Income 2023: -$1,072,2092023Revenue 2024: $14,011,996Expenses 2024: $12,119,467Net Income 2024: $1,892,5292024

Highlighted filing

2022

Revenue$3,416,194
Expenses$1,529,088
Net Income$1,887,106
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 5, 2025
Return Version
2022v5.0
Gross Receipts
$3,416,194
Mission and Program Overview

Mission

The foundation builds on the work of energy futures initiative (efi), established by ernest j. Moniz, the 13th u.s. Secretary of energy. By convening policymakers, scientists, labor and industry leaders, the efi foundation identifies pathways to increase energy security, decarbonize the economy and create new jobs. The foundation adheres to the principle of analytical independence. All efi foundation reports, as well as the legacy work of the energy futures initiative, are available at www.efifoundation.org.

Educating the public on technology and policy innovation to accelerate the clean energy transition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$2,530,732-
Intangible Assets-$51,800-
Land, Buildings, and Equipment, Net$0$2,210▲ $2,210
Total Assets$0$2,591,182▲ $2,591,182
Other Assets Total-$6,440-
Liabilities
Other Liabilities$0$573,706▲ $573,706
Accounts Payable and Accrued Expenses-$130,370-
Total Liabilities$0$704,076▲ $704,076
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$1,843,313-
Net Assets Without Donor Restrictions-$43,793-
Total Net Assets Fund Balance$0$1,887,106▲ $1,887,106
Total Liabilities and Net Assets / Fund Balance$0$2,591,182▲ $2,591,182

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$2,210$552$2,762
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Jeffery BrownProgram DirectorFT$169,667$169,667
Joseph S HezirEvp and TreasurerPT$68,750$68,750
Melanie a KenderdineEvp and SecretaryPT$68,750$68,750
Ernest J MonizCEO and DirectorPT$11,458$11,458

Board Members and Trustees

NameTitle
Charles CurtisDirector
Frances BeineckeDirector
Jeanette PabloDirector
Richard MeserveDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Holland & Knight LLPLegal800 17TH STREET NW STE 1100, Washington, DC 20006$105,415
Revenue and Support

Revenue Composition

Contributions and Grants
$3,416,194
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$3,416,194
Change in Net Assets
$1,887,106

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,416,194
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,416,194
Total Revenue per Form 990
$3,416,194
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,079,393
Other Expenses$449,695
Total Fundraising Expense$63,244
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$814,983-$63,244$878,227
Fees for Services Other$187,496--$187,496
Current Officers, Directors, Trustees, and Key Employees$148,958--$148,958
Fees for Services Legal$110,415--$110,415
Travel$74,902--$74,902
Payroll Taxes$40,059--$40,059
Occupancy$34,415--$34,415
Other Employee Benefits$12,149--$12,149
Other Expenses$6,334$162-$6,496
Fees for Services Accounting$6,333--$6,333
Information Technology$3,254--$3,254
Depreciation Depletion-$2,403-$2,403
Office Expenses$2,175--$2,175
Interest-$504-$504
Total Functional Expenses$1,462,775$3,069$63,244$1,529,088

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,529,088
Total Expenses per Audited Statements$1,529,088
Total Expenses per Form 990$1,529,088
Expenses Not Reported on Financial Statements$0
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Paymemts in Advance$426,111
Payroll Liabilities$146,250
Credit Card Liability$1,345
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

The foundation's board of directors will review the 990 tax return prior to filing to tax authorities.

Form 990, Part VI, Section B, Line 12C

For board members, a conflict of interest rewiew is included in an annual board meeting. For staff, the foundation employee handbooks are signed that they have read and agree to follow, including a manditory reporting of conflicts of interest.

Form 990, Part VI, Section B, Line 15

The foundation has a compensation committee composed of three independent directors on the board who receive no compensation from the foundation and do not have 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 compensation committee obtains and relies on appropriate data as to comparability in the form of a study developed from data on similarly situated public charities' form 990s of compensation paid to persons in similar positions. The compensation committee adequately and timely documents the basis for its determination concurrently with making compensation determinations in the form of meeting minutes and committee resolutions.

Form 990, Part VI, Section C, Line 19

The foundation's form 990 will be publicly available at guidestar.org all other documents required by law to be made publicly available, are available upon request.

Filing and Contact Details

Filer

Filer Name
Efi Foundation
EIN
87-3398574
Phone
2026880010
Address
900 17TH ST NW 1100, WASHINGTON, DC 20006

Signing Officer

Name
Joseph S Hezir
Title
Treasurer
Phone
2026880010
Signed
2025-02-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joseph S Hezir
Formed
2021
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
4
Employees
5
Volunteers
0

Preparer

Firm
Cst Group Cpas Pc
Address
10740 PARKRIDGE BLVD 5TH FLOOR, RESTON, VA 20191-4424
Preparer
John M Persil
Phone
7033912000
Supplemental Narrative

Additional Explanations

990 Part 1, Line 8

The following amendments were made to the original submission - see attached:

Form 990, Part IX, Line 11G

Consultants: program service expenses 187,496. Management and general expenses 0. Fundraising expenses 0. Total expenses 187,496.

990 Part XII, Line 2C

The foundation has an audit committee that oversees the audit process and communicates directly with the independent auditors. This is the first year the foundation's financial statements have been audited (december 31, 2022).

Form 990, Part IV, Line 12A

The foundation obtained a financial statement audit after the original submission of their timely filed 2022 990 tax return. The return is amended to reflect changes in financial information as a result of the financial statement audit. Schedule d, parts xi and xii have been added to the amended tax return.

Financial Statement Notes

PART X, LINE 2:

Under the provisions of statement of financial accounting standards, asc topic 740, income taxes (asc 740), the foundation is required to disclose unrecognized tax benefits. Management has evaluated the effect of the guidance provided by asc 740 and all other tax positions that could have a significant effect on the financial statements and determined the foundation had no material uncertain tax positions at december 31, 2022 that require disclosure or recognition.

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IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01887106
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
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IRS990ScheduleA/PublicOrganization170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt03416194
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03416194
IRS990ScheduleA/TotalSupportAmt03416194
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0552
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1426111
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2146250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CREDIT CARD LIABILITY
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1GRANT PAYMEMTS IN ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2PAYROLL LIABILITIES
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IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03416194
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNDER THE PROVISIONS OF STATEMENT OF FINANCIAL ACCOUNTING STANDARDS, ASC TOPIC 740, INCOME TAXES (ASC 740), THE FOUNDATION IS REQUIRED TO DISCLOSE UNRECOGNIZED TAX BENEFITS. MANAGEMENT HAS EVALUATED THE EFFECT OF THE GUIDANCE PROVIDED BY ASC 740 AND ALL OTHER TAX POSITIONS THAT COULD HAVE A SIGNIFICANT EFFECT ON THE FINANCIAL STATEMENTS AND DETERMINED THE FOUNDATION HAD NO MATERIAL UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 THAT REQUIRE DISCLOSURE OR RECOGNITION.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleD/TotalExpensesPerForm990Amt01529088
IRS990ScheduleD/TotalLiabilityAmt0573706
IRS990ScheduleD/TotalRevenuePerForm990Amt03416194
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IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
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IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PROGRAM DIRECTOR
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IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE FOLLOWING AMENDMENTS WERE MADE TO THE ORIGINAL SUBMISSION - SEE ATTACHED:
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION'S BOARD OF DIRECTORS WILL REVIEW THE 990 TAX RETURN PRIOR TO FILING TO TAX AUTHORITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FOR BOARD MEMBERS, A CONFLICT OF INTEREST REWIEW IS INCLUDED IN AN ANNUAL BOARD MEETING. FOR STAFF, THE FOUNDATION EMPLOYEE HANDBOOKS ARE SIGNED THAT THEY HAVE READ AND AGREE TO FOLLOW, INCLUDING A MANDITORY REPORTING OF CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE FOUNDATION HAS A COMPENSATION COMMITTEE COMPOSED OF THREE INDEPENDENT DIRECTORS ON THE BOARD WHO RECEIVE NO COMPENSATION FROM THE FOUNDATION AND DO NOT HAVE 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 COMPENSATION COMMITTEE OBTAINS AND RELIES ON APPROPRIATE DATA AS TO COMPARABILITY IN THE FORM OF A STUDY DEVELOPED FROM DATA ON SIMILARLY SITUATED PUBLIC CHARITIES' FORM 990S OF COMPENSATION PAID TO PERSONS IN SIMILAR POSITIONS. THE COMPENSATION COMMITTEE ADEQUATELY AND TIMELY DOCUMENTS THE BASIS FOR ITS DETERMINATION CONCURRENTLY WITH MAKING COMPENSATION DETERMINATIONS IN THE FORM OF MEETING MINUTES AND COMMITTEE RESOLUTIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE FOUNDATION'S FORM 990 WILL BE PUBLICLY AVAILABLE AT GUIDESTAR.ORG ALL OTHER DOCUMENTS REQUIRED BY LAW TO BE MADE PUBLICLY AVAILABLE, ARE AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONSULTANTS: PROGRAM SERVICE EXPENSES 187,496. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 187,496.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE FOUNDATION HAS AN AUDIT COMMITTEE THAT OVERSEES THE AUDIT PROCESS AND COMMUNICATES DIRECTLY WITH THE INDEPENDENT AUDITORS. THIS IS THE FIRST YEAR THE FOUNDATION'S FINANCIAL STATEMENTS HAVE BEEN AUDITED (DECEMBER 31, 2022).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE FOUNDATION OBTAINED A FINANCIAL STATEMENT AUDIT AFTER THE ORIGINAL SUBMISSION OF THEIR TIMELY FILED 2022 990 TAX RETURN. THE RETURN IS AMENDED TO REFLECT CHANGES IN FINANCIAL INFORMATION AS A RESULT OF THE FINANCIAL STATEMENT AUDIT. SCHEDULE D, PARTS XI AND XII HAVE BEEN ADDED TO THE AMENDED TAX RETURN.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0990 PART 1, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6990 PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IV, LINE 12A
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IRS990/TerminateOperationsInd00
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt03069
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IRS990/TotalLiabilitiesGrp/EOYAmt0704076
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IRS990/USAddress/AddressLine1Txt0900 17TH ST NW 1100
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IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JOSEPH S HEZIR
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02026880010
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0EFI FOUNDATION

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