ENERGY FOR THE COMMON GOOD INC

EIN: 844462763 501(c)(3) Environment

CONCORD, MA

Total Revenue
$1,280,935
Total Expenses
$1,546,262
Total Assets
$510,529
Net Assets
$123,625
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
MA
Principal Officer
JANE HOTCHKISS
Phone
9785916829
Tax Period
2023-01-01 to 2023-12-31

ENERGY FOR THE COMMON GOOD INC, founded in 2020, is a community nonprofit in the Environment sector that reported $1.3M in total revenue in fiscal year 2023. Expenses of $1.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

EDUCATING NON-GOVERNMENTAL ORGANIZATIONS ON THE PUBLIC BENEFITS OF UBIQUITIOUS ENERGY.

Program Service Accomplishments

Program 1
Expenses: $804,789

ENERGY FOR THE COMMON GOOD (ECG) IS A NONPROFIT ORGANIZATION UNIQUELY POSITIONED TO ADVANCE THE ACCEPTANCE OF FUSION ENERGY AS AN INTEGRAL PART OF A CLEAN ENERGY ECONOMY. WE ARE A TEAM WITH A HISTORY...

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ENERGY FOR THE COMMON GOOD (ECG) IS A NONPROFIT ORGANIZATION UNIQUELY POSITIONED TO ADVANCE THE ACCEPTANCE OF FUSION ENERGY AS AN INTEGRAL PART OF A CLEAN ENERGY ECONOMY. WE ARE A TEAM WITH A HISTORY AND FOCUS ON BUILDING REPLACEMENT MARKETS FOR FOSSIL FUEL IN RESPONSE TO AN ADVANCING CLIMATE CHANGE TIMELINE. THE PERSISTENT GAP BETWEEN RENEWABLE ENERGY AND FOSSIL GENERATION ALLOWS ITS CONTINUED DOMINANCE OVER THE WORLD'S EXPANDING ENERGY NEEDS. FUSION'S ABILITY TO REPLACE FOSSIL DEMANDS THAT WE LAUNCH A COORDINATED CAMPAIGN TO PREPARE ITS FUTURE MARKET.ECG HAS AN EXPERIENCED TEAM IN THE AREAS OF GOVERNMENT RELATIONS, ACADEMIC AND NON-PROFIT OPERATIONS, ENERGY RESEARCH, CLIMATE OUTREACH, AND UTILITY SCALE PROJECT DEVELOPMENT. OUR BELIEF THAT FUSION IS A CLIMATE MITIGATION NECESSITY IS FOUNDED BY CAREERS SPANNING ALL ASPECTS OF RENEWABLE AND CLEAN ENERGY, FROM ADVOCATING FOR THE POLICIES AND INCENTIVES CREATING EARLY MARKETS FOR RENEWABLES, TO TECHNICAL PROJECT DEVELOPMENT NAVIGATING THE COMPLEXITIES OF PROJECT FINANCING, PLANT SITING, AND GRID TRANSMISSION NEEDS. OUR EXPERIENCE IN THESE AREAS GIVES US THE CONFIDENCE TO LAUNCH A TARGETED "HEARTS AND MINDS" CAMPAIGN TO DEVELOP A SOCIAL AND ECONOMIC ENGAGEMENT STRATEGY THAT WILL LAY THE PROPER GROUNDWORK FOR THE FUTURE OF FUSION ENERGY.FUSION ENERGY HAS THE POTENTIAL TO SIGNIFICANTLY ALTER THE FIGHT AGAINST CLIMATE CHANGE BUT ONLY IF WE BEGIN IMPLEMENTATION NOW ON AN ACCELERATED, STRATEGIC ROADMAP TO SUPPORT THE DEVELOPMENT, ADOPTION, AND EXPANSION OF THIS ZERO-CARBON, DENSE, EFFICIENT POWER SOURCE. ECG IS ENGAGING NGOS, INDUSTRY, GOVERNMENT, SCIENTISTS, AND INDIVIDUALS TO BUILD AWARENESS AND SUPPORT FOR FUSION ENERGY AND ENSURE THAT THE MEANS FOR RAPID DEVELOPMENT AND DEPLOYMENT ARE IN PLACE WELL BEFORE THE FIRST COMMERCIAL FUSION DEVICES ARE BUILT.OUR TEAM'S NETWORK AND EXPERIENCE ALLOW ECG TO PROVIDE THE NECESSARY STRUCTURES TO CONNECT FUSION STAKEHOLDERS, ECG PLAYS A PIVOTAL ROLE IN SETTING THE STAGE FOR BROAD ACCEPTANCE OF FUSION, A MEANS FOR ACTIONABLE COLLABORATION WITHIN ENERGY PLANNING THAT IS ESSENTIAL TO THE ROLLOUT OF FUSION ENERGY ACROSS ALL RELEVANT POWER SEGMENTS, GROWING FUSION'S MARKETS WITH PUBLIC SUPPORT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,279,369
Program Service Revenue $0
Investment Income $1,566
Other Revenue $0
TOTAL REVENUE $1,280,935

Expense Breakdown

Grants Paid $18,500
Salaries & Benefits $954,261
Fundraising Expenses $425,733
Program Expenses $804,789
Other Expenses $503,371
TOTAL EXPENSES $1,546,262

Year-over-Year Comparison

2023 2022 Change
Revenue $1,280,935 $1,256,125 +0.0%
Expenses $1,546,262 $1,008,926 +0.5%
Net Income $-265,327 $247,199 -2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
5
Employees
13
Volunteers
5

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$461,549
Total Directors
6
$261,944
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JANE HOTCHKISS PRESIDENT 40.00
Officer Director
$261,944 $0 $261,944
V JOHN WHITE CHAIR/FORMER SECRETARY 1.00
Officer Director
$0 $0 $0
DESMOND W CHAN BOARD MEMBER 1.00
Director
$0 $0 $0
LABAN COBLENTZ TREASURER 1.00
Officer Director
$0 $0 $0
MARIE-CLAIRE CORDONIER SEGGER SECRETARY 1.00
Officer Director
$0 $0 $0
AMY C ROMA BOARD MEMBER/FORMER TREASURER 1.00
Director
$0 $0 $0
WALLACE JOHNSTON MANAGING DIRECTOR 40.00
Officer
$189,129 $10,476 $199,605
KAREN GIBSON DIRECTOR OF OPERATIONS 40.00
Highest
$120,098 $7,802 $127,900
KAYLA MILLER DIRECTOR OF EDUCATION 40.00
Highest
$101,394 $0 $101,394
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,280,935 $1,546,262 $510,529 $-265,327
2022 $1,256,125 $1,008,926 $432,926 $247,199
2021 $1,003,500 $947,747 $153,854 $55,753
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