EFI FOUNDATION

EIN: 873398574 501(c)(3) Environment

WASHINGTON, DC

Total Revenue
$4,136,283
Total Expenses
$5,208,492
Total Assets
$2,715,958
Net Assets
$814,897
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
DC
Principal Officer
JOSEPH S HEZIR
Phone
2026880010
Tax Period
2023-01-01 to 2023-12-31

EFI FOUNDATION, founded in 2021, is a community nonprofit in the Environment sector that reported $4.1M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $5.2M exceeded revenue, resulting in a 26% operating deficit.

Mission

THE EFI FOUNDATION IS A WASHINGTON, DC-BASED NONPROFIT 501(C)(3) ORGANIZATION DEDICATED TO EDUCATING THE PUBLIC ON ISSUES RELATING TO HARNESSING THE POWER OF TECHNOLOGY AND POLICY INNOVATION TO ACCELERATE THE CLEAN ENERGY TRANSITION.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.THE EFI FOUNDATION CONDUCTS OBJECTIVE, FACT-BASED AND RIGOROUS ANALYSIS SUPPORTED BY A MULTIDISCIPLINARY NETWORK OF EXPERTS.THE 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 EXPERTS UNDERSTAND CURRENT ENERGY MARKETS, TRENDS AND NEEDS, AND APPLY THIS COLLECTIVE TALENT AND KNOWLEDGE TO A RANGE OF POLICY QUESTIONS.THE EFI FOUNDATION BUILDS ON THE PRIOR WORK OF THE ENERGY FUTURES IN 2017.

Program Service Accomplishments

Program 1
Expenses: $5,177,071

THE EFI FOUNDATION AND ITS PREDECESSOR ORGANIZATION (ENERGY FUTURES INITIATIVE) HAS RELEASED OVER FIFTY ENERGY REPORTS WHILE ITS ANALYSIS HAS INFORMED THE CREATION OF OVER TEN FEDERAL INITIATIVES...

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THE EFI FOUNDATION AND ITS PREDECESSOR ORGANIZATION (ENERGY FUTURES INITIATIVE) HAS RELEASED OVER FIFTY ENERGY REPORTS WHILE ITS ANALYSIS HAS INFORMED THE CREATION OF OVER TEN FEDERAL INITIATIVES, INCLUDING THE ESTABLISHMENT OF THE UNITED STATES DEPARTMENT OF ENERGY'S OFFICE OF CLEAN ENERGY DEMONSTRATIONS.IN 2023, THE THREE PRINCIPAL PROGRAM SERVICE AREAS INCLUDED CLEAN ENERGY FINANCE, FEDERAL ENERGY INNOVATION PROGRAM MANAGEMENT AND CLEAN HYDROGEN MARKET FORMATION. THE ENERGY FUTURES FINANCE FORUM IS A NOVEL EFFORT TO IDENTIFY POLICIES AND MEASURES TO EXPAND THE ATTRACTIVENESS OF INVESTMENT OPPORTUNITIES IN CLEAN ENERGY TO A BROADER CROSS-SECTION OF THE INVESTMENT COMMUNITY. THE FOUNDATION ISSUED SEVERAL REPORTS ON THIS TOPIC, INCLUDING A FRAMEWORK REPORT IDENTIFYING POTENTIAL ADDITIONAL SOURCES OF CLEAN ENERGY FINANCE AND A REPORT ON IDENTIFYING OPPORTUNITIES TO ENHANCE INVESTMENT OPPORTUNITIES IN INDUSTRIAL CARBON CAPTURE AND STORAGE. ALSO, THE FOUNDATION CONDUCTED A MAJOR STUDY INITIATIVE AND ISSUED A REPORT ON OPPORTUNITIES TO IMPROVE THE EFFECTIVENESS, EFFICIENCY AND AGILITY OF FEDERALLY FUNDED ENERGY INNOVATION PROGRAMS AND PROJECTS. FINALLY, THE FOUNDATION CONDUCTED A MAJOR STUDY TO IDENTIFY THE NEED FOR NEW POLICIES AND PROGRAMS TO ENABLE FORMATION OF REGIONAL MARKETS FOR CLEAN HYDROGEN IN POWER GENERATION, INDUSTRIAL AND COMMERCIAL APPLICATIONS.

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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 $4,136,283
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $4,136,283

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,147,778
Fundraising Expenses $4,984
Program Expenses $5,177,071
Other Expenses $2,060,714
TOTAL EXPENSES $5,208,492

Year-over-Year Comparison

2023 2022 Change
Revenue $4,136,283 $3,416,194 +0.2%
Expenses $5,208,492 $1,529,088 +2.4%
Net Income $-1,072,209 $1,887,106 -1.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
4
Employees
37
Volunteers
N/A

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
3
$323,000
Total Directors
7
$323,000
Key Employees
3
$738,455
Highest Compensated
6
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH S HEZIR EVP AND TREASURER 20.00
Officer Director
$148,000 $0 $148,000
ERNEST J MONIZ CEO AND DIRECTOR 10.00
Officer Director
$25,000 $0 $25,000
MELANIE A KENDERDINE EVP AND SECRETARY 20.00
Officer Director
$150,000 $0 $150,000
JEANETTE PABLO DIRECTOR 1.00
Director
$0 $0 $0
RICHARD MESERVE DIRECTOR 1.00
Director
$0 $0 $0
CHARLES CURTIS DIRECTOR 1.00
Director
$0 $0 $0
CLINT VINCE DIRECTOR 1.00
Director
$0 $0 $0
JEFFERY BROWN MANAGING DIRECTOR 20.00
Key Emp
$254,755 $0 $254,755
STEPHEN COMELLO SVP, STRATEGIC INITIATIVES 40.00
Key Emp
$235,079 $15,795 $250,874
DAVID ELLIS SVP OF POLICY STRATEGY/OUTREACH 40.00
Key Emp
$219,991 $12,835 $232,826
TATIANA BRUCE DE SILVA PROJECT MANAGER 40.00
Highest
$108,146 $5,407 $113,553
MICHAEL DOWNEY DEPUTY DIR OF RESEARCH 40.00
Highest
$130,874 $6,362 $137,236
MINJI JEONG RESEARCH SPECIALIST 40.00
Highest
$104,763 $12,905 $117,668
ALEXANDER KIZER SVP AND COO 20.00
Highest
$136,797 $6,840 $143,637
ALICIA MOULTON DEPUTY DIR OF COMMUNICATION 40.00
Highest
$104,417 $8,041 $112,458
MADELINE SCHOMBURG DIR OF RESEARCH 40.00
Highest
$115,954 $16,362 $132,316
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 $4,136,283 $5,208,492 $2,715,958 $-1,072,209
2022 $3,416,194 $1,529,088 $2,591,182 $1,887,106
2022 $1,416,209 $1,393,627 $2,584,360 $22,582
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