2017-02-21T12:07:50-06:00 2016-06-30 263752134 CBIZ TOFIAS 500 BOYLSTON ST BOSTON MA 02116 990 2015-07-01 042790398 ENERGY FEDERATION INC ENER 5088702277 40 WASHINGTON STREET WESTBOROUGH MA 01581 BRADLEY STEELE PRESIDENT/CEO 5088702277 2017-02-10 1 CRAIG KLEIN P00734640 6177610600 2015 2021-01-29 14:40:06Z BRADLEY STEELE 40 WASHINGTON STREET WESTBOROUGH MA 01581 74545874 0 X WWW.EFI.ORG X 1982 MA WE BELIEVE IT IS ESSENTIAL TO ENCOURAGE ENVIRONMENTALLY BENIGN AND SUSTAINABLE USE OF THE PLANET'S ENERGY AND WATER RESOURCES. THROUGH THE DISTRIBUTION OF RESOURCE-CONSERVING PRODUCTS, DELIVERY OF SERVICES TO UTILITIES AND ENERGY EFFICIENCY PROGRAM PROVIDERS, AND THE PROVISION OF OBJECTIVE, ACCURATE INFORMATION, WE STRIVE TO ASSIST PEOPLE IN THEIR EFFORTS TO USE ENERGY AND WATER EFFICIENTLY. 11 9 158 0 0 0 0 0 5978696 6505308 0 0 11623009 12499980 17601705 19005288 79450 35000 0 0 9575959 10084196 0 0 0 7011188 8684491 16666597 18803687 935108 201601 47532208 45676369 36258831 34201391 11273377 11474978 X WE BELIEVE IT IS ESSENTIAL TO ENCOURAGE ENVIRONMENTALLY BENIGN AND SUSTAINABLE USE OF THE PLANET'S ENERGY AND WATER RESOURCES. THROUGH THE DISTRIBUTION OF RESOURCE-CONSERVING PRODUCTS, DELIVERY OF SERVICES TO UTILITIES AND ENERGY EFFICIENCY PROGRAM PROVIDERS, AND THE PROVISION OF OBJECTIVE, ACCURATE INFORMATION, WE STRIVE TO ASSIST PEOPLE IN THEIR EFFORTS TO USE ENERGY AND WATER EFFICIENTLY. 0 0 9988608 17500 12499980 DISTRIBUTION OF ENERGY AND RESOURCE EFFICIENT PRODUCTS AND MATERIALS TO THE WHOLESALE AND CONSUMER MARKETS.ENERGY FEDERATION, INC. (EFI) WORKS WITH LOW INCOME WEATHERIZATION ASSISTANCE PROGRAM (WAP) PROVIDERS, AND THE CONTRACTORS THEY UTILIZE, TO PROVIDE QUALITY WEATHERIZATION, VENTILATION AND EFFICIENT LIGHTING PRODUCTS TO RETROFIT HOMES INHABITED BY LOW INCOME FAMILIES. EFI IS THE PRIMARY SUPPLIER OF EFFICIENT LED AND CFL LIGHTING PRODUCTS TO A NETWORK OF COMMUNITY ACTION AGENCY WAP SUB-GRANTEES IN MASSACHUSETTS. LIGHTING MEASURES ARE FUNDED WITH UTILITY RATE BASED SYSTEM BENEFIT CHARGES (SBC) DOLLARS, WHICH ALLOW FEDERAL WAP FUNDS TO STRETCH FURTHER - TO ENABLE MORE LOW-INCOME HOUSEHOLDS TO BE SERVED AND TO ALLOW MORE COMPREHENSIVE WORK TO BE PERFORMED IN THOSE BUILDINGS THE PROGRAM IS ABLE TO SERVE.IN ADDITION TO WORK WITH AGENCIES AND CONTRACTORS PROVIDING WAP SERVICES, EFI CONTINUES TO WORK WITH AN EXTENSIVE UTILITY CLIENT BASE TO PROVIDE PRODUCT FULFILLMENT SERVICES, SOME OF THEM QUITE INNOVATIVE IN NATURE. SEVERAL EXAMPLES FOLLOW:A. SINCE 2012 EFI HAS WORKED WITH ENERGY SERVICE COMPANY PARTNERS AND UTILITY CLIENTS TO DEVELOP A UNIQUE 'SALES CHANNEL' FOR UPSTREAM (UTILITY FUNDED) INCENTIVE PROGRAMS TO PROMOTE ENERGY STAR QUALIFIED LIGHT BULBS. WE HAVE CONVINCED CLIENTS IN MAINE, MISSOURI, ILLINOIS GEORGIA, WISCONSIN AND OHIO TO DEVOTE A PORTION OF THEIR SBC FUNDS TO SUPPLY COMPACT FLUORESCENT LAMPS (CFLS) AND AS OF 2015-16, LED BULBS, TO FOOD BANKS, WHICH DISTRIBUTE THEM TO LOW INCOME HOUSEHOLDS VIA FOOD PANTRIES WITHIN OUR CLIENTS' SERVICE TERRITORIES. IN OUR FISCAL YEAR 2016, EFI SUPPLIED APPROXIMATELY 1.8 MILLION ENERGY SAVING BULBS WHICH WERE DISTRIBUTED THROUGH THESE FOOD PANTRIES.B. EFI HAS DEVELOPED AND MAINTAINS CO-BRANDED WEBSITES WORKING WITH UTILITY CLIENTS AND SEVERAL NON-PROFIT ORGANIZATIONS TO MAKE ENERGY SAVING PRODUCTS AVAILABLE FOR PURCHASE BY THEIR CUSTOMERS OR CONSTITUENTS AT INCENTED OR OTHERWISE DISCOUNTED PRICES. IN 2015 AND 2016 EFI MADE A SIGNIFICANT FINANCIAL INVESTMENT TO UPDATE OUR WEB SERVICES PLATFORM, MIGRATING OVER 35 CO-BRANDED WEBSITES TO A NEW ECOMMERCE PLATFORM. THIS NEW PLATFORM PROVIDES IMPROVED FUNCTIONALITY AND THUS A MORE CONVENIENT, SATISFYING CUSTOMER EXPERIENCE. IT ALSO ALLOWS US TO PROVIDE STRONGER EDUCATIONAL CONTENT - PARTICULARLY OF A GRAPHIC AND VIDEO NATURE - SO THAT CUSTOMERS BUYING ENERGY SAVING PRODUCTS FROM US WILL BE MORE INCLINED TO USE THEM IN APPROPRIATE LOCATIONS, OPTIMIZING ENERGY SAVINGS.C. EFI IMPLEMENTED A NUMBER OF INNOVATIVE PROGRAMS IN FY 2016 TO PROMOTE LED LIGHTING, WHICH IS SIGNIFICANT AS LED LIGHTING HAS TREMENDOUS POTENTIAL TO PROVIDE IMMENSE ELECTRICITY SAVINGS ACROSS ALL SECTORS OF AMERICA'S ECONOMY - RESIDENTIAL, COMMERCIAL AND INDUSTRIAL. NOTEWORTHY INITIATIVES INCLUDE A STATEWIDE PROGRAM EFI LAUNCHED IN WISCONSIN WHICH WILL ULTIMATELY DISTRIBUTE OVER 500,000 LED BULBS TO APPROXIMATELY 200,000 WISCONSIN FAMILIES, AND A PROGRAM WITH PUGET SOUND ENERGY (PSE) IN WASHINGTON STATE WHERE EFI WORKED WITH THE UTILITY TO RECEIVE AND DISTRIBUTE NEARLY 140,000 LED BULBS DONATED TO THE PROGRAM FROM FOUR DIFFERENT MANUFACTURERS. D. A CONTINUING IMPORTANT COMPONENT OF EFI'S MISSION IS TO FIND PROMISING, EFFECTIVE NEW ENERGY SAVING PRODUCTS, AND TO DEVISE CREATIVE WAYS, WORKING WITH OUR CUSTOMER AND CLIENT BASE, THAT INCLUDES UTILITIES, STATE ENERGY OFFICES, AND PROGRAM EVALUATORS TO HELP MANUFACTURERS BRING THEM TO MARKET. PRODUCTS AND PRODUCT CATEGORIES EFI HAS BEEN ACTIVELY PROMOTING RECENTLY WHICH WE BELIEVE CAN BE TERMED INNOVATIVE, WITH THE POTENTIAL TO BECOME 'MARKET TRANSFORMATIVE' INCLUDE:I. LED LIGHTING: EFI HAS BEEN WORKING WITH OUR UTILITY CLIENTS, KEY CUSTOMER ACCOUNTS, AND THE U.S. DEPARTMENT OF ENERGY (DOE) AND THE ENVIRONMENTAL PROTECTION AGENCY (EPA) THROUGH THEIR SOLID STATE LIGHTING (SSL) AND ENERGY STAR PROGRAMS TO ENCOURAGE THE DEVELOPMENT OF THE SSL MARKET, AND TO DEVISE WAYS TO INCORPORATE LED BULBS INTO 'UTILITY' ENERGY EFFICIENCY PROGRAMS. SSL TECHNOLOGY CONTINUES TO BUILD TRACTION AND IMPRESSIVE MOMENTUM IN 2016. EFI SALES OF LED LIGHTING PRODUCTS, AS MEASURED IN DOLLARS, HAVE GROWN FROM LESS THAN 10% OF OUR OVERALL LIGHTING SALES IN 2012 TO MORE THAN 95% OF OUR LIGHTING SALES IN 2016.LED BULBS ARE THE MOST EFFICIENT LIGHT SOURCE AVAILABLE FOR GENERAL HOUSEHOLD USE, HAVE THE LONGEST LIFE, AND UNLIKE THE ALSO ENERGY EFFICIENT CFL BULBS, CONTAIN NO MERCURY AND THUS ARE BELIEVED TO POSE LESS OF AN ENVIRONMENTAL PROBLEM THAN CFLS AT END OF LIFE. (AND, BECAUSE THEIR AVERAGE LIFETIME RANGES FROM 15,000 HOURS TO 50,000 HOURS, WHICH IS ROUGHLY 15X-50X THE LIFETIME OF INCANDESCENT BULBS, AND 1.5X - 8X THE LIFETIME OF CFL BULBS, FAR FEWER LIGHT BULBS WILL BE GOING INTO THE WASTE STREAM IF CONSUMERS AND BUSINESSES ARE CONVINCED TO PURCHASE LED BULBS).II. WIFI 'SMART' THERMOSTATS ARE ANOTHER INNOVATIVE PRODUCT CATEGORY EFI HAS BEEN WORKING DILIGENTLY TO PROMOTE. OUR SUCCESS IN GETTING SMART THERMOSTATS MORE WIDELY ADOPTED HAS NOT MIRRORED THE SUCCESS WE HAVE SEEN IN RECENT YEARS WITH LED LIGHTING, BUT THE MARKET SHARE OF SMART THERMOSTATS AND CONSUMER AWARENESS OF THE PRODUCTS HAS BEEN STEADILY GROWING. IN 2016 WE HELPED IMPLEMENT A MAJOR SMART THERMOSTAT PROGRAM FOR OKLAHOMA UTILITIES WHICH TO DATE HAS RESULTED IN THE DISTRIBUTION OF MORE THAN 7,000 THERMOSTATS.EFI IS WORKING WITH ALL THE MAJOR MANUFACTURERS OF WIFI SMART THERMOSTATS, TRYING TO GET THEIR PRODUCTS SPECIFIED IN MORE UTILITY SBC FUNDED PROGRAMS. WIFI THERMOSTATS ARE BEING DISCUSSED AS A LOGICAL DEVICE TO BE THE 'HUB' TO CONNECT VARIOUS DEVICES IN A BUILDING TO MAKE IT A 'SMART' HOME OR 'SMART' BUSINESS. AS THE UTILITY INDUSTRY EVOLVES, AND DEMAND MANAGEMENT STRATEGIES BECOME EQUALLY IF NOT MORE IMPORTANT THAN SUPPLY STRATEGIES TO THE FUTURE EVOLUTION OF THE GRID, THE IMPORTANCE OF DEVICES THAT CAN ASSIST CUSTOMERS AND COMPANIES THEY RELY ON HELP THEM MANAGE THEIR POWER CONSUMPTION, WILL BE EVER GREATER.III. EFI CONTINUES TO BE ONE OF THE COUNTRY'S LARGEST SELLERS OF ADVANCED POWER STRIPS (APS), WHICH IN ESSENCE ARE INTELLIGENT EXTENSION CORDS TO WHICH VARIOUS CONSUMER ELECTRONIC PRODUCTS CAN BE PLUGGED IN. THEY SHUTOFF PERIPHERAL DEVICES SUCH AS DVR PLAYERS AND PRINTERS WHEN 'PRIMARY OR CONTROLLING DEVICES (TELEVISIONS, PC'S) ARE OFF, OR IN SLEEP MODE. THESE ARE REFERRED TO AS 'PHANTOM LOADS,' BECAUSE THEY ARE UNDERSTOOD BY COMPARATIVELY FEW CONSUMERS AND THUS ARE 'INVISIBLE' TO MOST PEOPLE.UNFORTUNATELY, BECAUSE CONSUMERS HAVE LITTLE UNDERSTANDING OF PHANTOM LOADS, IT IS VERY DIFFICULT TO EXPLAIN WHAT APS DEVICES ARE AND HOW THEY WORK - A PROBLEM COMPOUNDED BY THE FACT THAT THEY LOOK JUST LIKE, AND ARE OFTEN CONFUSED WITH, SIMPLE POWER STRIPS. SIMPLE POWER STRIPS ARE MUCH LESS EXPENSIVE THAN APS UNITS, HOWEVER. CONVENTIONAL RETAILERS' BUSINESS MODELS DO NOT LEND THEMSELVES TO SELLING COMPLEX, LOW COST, LOW MARGIN PRODUCTS, SO THE SUPPLIERS OF APS MODELS HAVE FOUND CONVENTIONAL RETAIL SALES CHANNELS TO BE EXTREMELY DIFFICULT TO SELL THEIR PRODUCTS THROUGH. EFI HAS ENJOYED IMPRESSIVE SUCCESS PROMOTING THESE PRODUCTS WITH OUR CUSTOMERS AND NUMEROUS UTILITY CLIENTS. IN 2016 WE BEGAN WORKING MORE WITH A THIRD SUPPLIER OF APS PRODUCTS, BITS. BITS WAS EFI'S ORIGINAL SUPPLIER OF APS DEVICES. THEY WERE PURCHASED BY SEVERAL CALIFORNIAN BUSINESSMEN WHO ARE SEEKING TO CREATE A THIRD VIABLE SUPPLIER OF THESE PRODUCTS IN THE NORTH AMERICAN MARKET.IV. NEAR THE END OF FY 2015 EFI LAUNCHED A PILOT PROGRAM IN MAINE USING A HOT WATER SAVING PRODUCT MANUFACTURED BY EVOLVE. EVOLVE MAKES A UNIQUE PRODUCT THAT EMPLOYS A THERMOSTATIC VALVE, INSERTED BETWEEN A SHOWER PIPE ARM AND A SHOWERHEAD, TO SHUT OFF WATER FLOW (TO A TRICKLE) AFTER SOMEONE HAS STARTED A SHOWER, AND THE WATER HAS REACHED THE DESIRED TEMPERATURE (APPROXIMATELY 95 DEGREES FAHREINHEIT), BUT THE PERSON INTENDING TO HAVE THE SHOWER HAS YET TO ENTER THE SHOWER STALL. ON AVERAGE, AMERICANS WASTE JUST LESS THAN 1 MINUTE OF HOT WATER FLOW (PROBABLY ABOUT 2 GALLONS OF HOT WATER) BEFORE THE START TO SHOWER.IN FY 2016 EFI CONCLUDED THE PILOT PROGRAM. IN THE FALL OF 2016 (EFI'S FY 2017) THE CLIENT, EFFICIENCY MAINE, HAS DECIDED TO EXPAND THE PILOT PROGRAM AND EFI WILL BE CREATING A MARKETING DIRECT MAIL PIECE THAT WILL BE MAILED TO APPROXIMATELY 40,000 LOW INCOME MAINE HOUSEHOLDS OFFERING THEM AN OPPORTUNITY TO RECEIVE THE EVOLVE SHOWERHEAD WITH THE THERMOSTATIC VALVE CONTROL AT NO COST. EFI EXPECTS TO DISTRIBUTE APPROXIMATELY 15,000 SHOWERHEADS WITH VALVES THROUGH THIS INITIATIVE. 6796246 17500 6505308 INCENTIVE PROCESSING SERVICES TO SUPPORT THE DEMAND SIDE REDUCTION EFFORTS OF THE UTILITY INDUSTRY AND STATE AND FEDERAL AGENCIES.IN FY 2016 EFI ISSUED MORE THAN $200 MILLION OF INCENTIVE CHECKS ON BEHALF OF THE VARIOUS UTILITY, STATE ENERGY OFFICE, AND NGO CLIENTS. THESE INCENTIVE PAYMENTS WERE MADE TO CONSUMERS AND BUSINESSES TO ENCOURAGE THEM TO INVEST IN ENERGY EFFICIENT PRODUCTS AND MEASURES. EFI CONTINUES TO INVEST IN DEVELOPING SOFTWARE TO REPLACE DATED LEGACY PROGRAMS THAT WE HAVE BEEN USING TO SUPPORT THESE REBATE PROGRAMS. WE ARE ALSO CONTINUING TO CONVERT OLD PROGRAMS AND START UP NEW PROGRAMS ON A WEB-BASED SOFTWARE PLATFORM THAT MAKES IT EASIER FOR CONSUMERS AND BUSINESSES TO APPLY FOR INCENTIVES ASSOCIATED WITH THE PURCHASE AND INSTALLATION OF ENERGY EFFICIENT PRODUCTS AND MEASURES. THE SAVINGS FROM THE PRODUCTS AND MEASURES FOR WHICH EFI ISSUED INCENTIVE/REBATE PAYMENTS ON BEHALF OF CLIENTS WILL PROVIDE SIGNIFICANT BENEFITS TO CONSUMERS AND BUSINESSES IN THE FORM OF LOWER ENERGY BILLS, TO UTILITIES AND SOCIETY IN THE FORM OF A REDUCED NEED TO INVEST IN POWER PLANT DEVELOPMENT AND TO USE SCARCE NATURAL RESOURCES FOR ELECTRICITY GENERATION, TO THE COUNTRY IN THE FORM OF LESS RELIANCE ON NON-INDIGENOUS ENERGY SOURCES, AND TO EVERYONE IN THE FORM OF REDUCED CARBON EMISSIONS.EFI ALSO BEGAN IMPLEMENTING SEVERAL "BRING YOUR OWN DEVICE" (BYOD) PROGRAMS IN 2016, WHICH WILL ALLOW UTILITIES TO MANAGE CERTAIN LOADS OF THEIR CUSTOMERS - PRIMARILY AIR CONDITIONING AND WATER HEATING - THAT WILL HELP OPTIMIZE GRID EFFICIENCY. UTILITIES CAN USE INTERFACES WITH CONTROLS SUCH AS SMART THERMOSTATS TO CYCLE CERTAIN POWER CONSUMING DEVICES OFF AND ON DURING PEAK ENERGY PERIODS (MOST TYPICALLY, HOT SUMMER DAYS, PARTICULARLY AFTERNOONS INTO EARLY EVENING), ALLOWING DISTRIBUTION SYSTEMS TO AVOID BECOMING OVERTAXED, POTENTIALLY LEADING TO POWER OUTAGES AT TIMES WHEN BUSINESSES AND CERTAIN CATEGORIES OF RESIDENTIAL CUSTOMERS, SUCH AS THE ELDERLY, CAN LEAST AFFORD TO BE WITHOUT POWER. 16784854 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 32 0 1 158 1 0 0 0 0 0 0 X 11 9 1 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MA X PINA CHIODO 5088702277 40 WASHINGTON STREET WESTBOROUGH MA 01581 ADAM PARKER DIRECTOR (UNTIL 7/15) 1.00 X 1125 0 0 MARY STEWART DIRECTOR 1.00 X 1125 0 0 STEVEN FINK DIRECTOR 1.00 X 1125 0 0 NANCY NYLEN VICE-PRESIDENT 1.00 X X 1500 0 0 PAUL GROMER DIRECTOR 1.00 X 1500 0 0 IRA KREPCHIN DIRECTOR 1.00 X 1500 0 0 WILLIAM STANWOOD TREASURER/DIRECTOR 1.00 X X 1500 0 0 MELISSA DOWNES DIRECTOR 1.00 X 0 0 0 MARIE SCHEIBERT DIRECTOR 1.00 X 0 0 0 RACHEL KEMP DIRECTOR 1.00 X 0 0 0 ROBERT KING DIRECTOR (UNTIL 10/15) 1.00 X 1500 0 0 BRADLEY STEELE PRESIDENT/CEO 40.00 X X 225360 0 25844 PINA CHIODO CHIEF FINANCIAL OFFICER 40.00 X X 153014 0 24090 JOHN O'CONNELL V.P. MARKETING 40.00 X 218662 0 25270 PAUL DANEHY V.P. SALES 40.00 X 217481 0 24846 MAHESH SHETH CHIEF INFORMATION OFFICER 40.00 X 190749 0 24992 PHILIP SCARBRO V.P. BUSINESS DEVELOPMENT 40.00 X 148415 0 23745 SCOTT PECKHAN OUTSIDE SALES 40.00 X 137501 0 23948 MARIE GIANNETTI PROGRAMMER/ANALYST 40.00 X 131700 0 12399 ERIC KIMBALL DATABASE ARCHITECT 40.00 X 119984 0 23718 RICHARD CUNDALL DIRECTOR OF LOGISTICS 40.00 X 116469 0 24418 1670210 0 233270 12 0 1 0 QUEST PO BOX 41039 SACRAMENTO CA 95841 SOFTWARE PROGRAMMING 1147783 D LAWTON ASSOCIATES 17 FOX HILL DRIVE NATICK MA 01760 SOFTWARE PROGRAMMING 618865 PIXAFY 575 8TH AVENUE NEW YORK NY 10018 SOFTWARE PROGRAMMING 169820 ISM 6400 SE LAKE ROAD PORTLAND OR 97222 SOFTWARE CONSULTING 128414 MAGENTO 54 N CENTRAL AVENUE SUITE 200 CAMPBELL CA 95008 SOFTWARE CONSULTING 117411 6 SERVICES INCOME 518210 6505308 6505308 6505308 68040566 55540586 12499980 12499980 19005288 19005288 0 0 35000 35000 1193176 770554 422622 7040882 6419203 621679 1182306 1110188 72118 667832 590478 77354 7862 7862 109359 45175 64184 1062204 1005282 56922 202471 200968 1503 610848 556714 54134 3373517 3202077 171440 1205236 1157853 47383 199827 139088 60739 9113 6187 2926 311303 249042 62261 714517 607340 107177 191865 39358 152507 SUPPLIES 309722 309722 POSTAGE AND SHIPPING 193658 164610 29048 BAD DEBT EXPENSE 143706 143706 DUES AND FEES 17555 17555 21728 14754 6974 18803687 16784854 2018833 0 4262950 5230388 28686474 29039196 10786627 9002448 349160 470793 4393961 2641384 2152758 1752577 1294239 180967 47532208 45676369 18381275 12063053 2700434 1316365 14714544 20821973 462578 0 36258831 34201391 X 11273377 11474978 11273377 11474978 47532208 45676369 201601 0 X 0 1 X 1 1 1 290347 150903 139444 2090994 1398755 692239 2012620 1091726 920894 1752577 X 19005288 0 19005288 0 19005288 18803687 0 18803687 0 18803687 PART X, LINE 2: THE ORGANIZATION ACCOUNTS FOR THE EFFECT OF ANY UNCERTAIN TAX POSITIONS BASED ON A "MORE LIKELY THAN NOT" THRESHOLD TO THE RECOGNITION OF THE TAX POSITIONS BEING SUSTAINED BASED ON THE TECHNICAL MERITS OF THE POSITION UNDER SCRUTINY BY THE APPLICABLE TAXING AUTHORITY. IF A TAX POSITION OR POSITIONS ARE DEEMED TO RESULT IN UNCERTAINTIES OF THOSE POSITIONS, THE UNRECOGNIZED TAX BENEFIT IS ESTIMATED BASED ON A "CUMULATIVE PROBABILITY ASSESSMENT" THAT AGGREGATES THE ESTIMATED TAX LIABILITY FOR ALL UNCERTAIN TAX POSITIONS. THE ORGANIZATION HAS IDENTIFIED ITS TAX STATUS AS A TAX-EXEMPT ENTITY AS ITS ONLY SIGNIFICANT TAX POSITION; HOWEVER, THE ORGANIZATION HAS DETERMINED THAT SUCH TAX POSITION DOES NOT RESULT IN AN UNCERTAINTY REQUIRING RECOGNITION. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY INCOME TAXING JURISDICTIONS. THE ORGANIZATION'S FEDERAL AND STATE TAX RETURNS ARE GENERALLY OPEN FOR EXAMINATION FOR THREE YEARS FOLLOWING THE DATE FILED. 1 CENTER FOR ECOTECHNOLOGY INC 112 ELM STREET PITTSFIELD MA 01201 042611726 501 (C)(3) 35000 TO SUPPORT GO GREEN COMMUNITY BASED OUTREACH, JUNIOR SOLAR SPRINT, AND EE TECHNOLOGY WORKSHOPS. 1 0 PART I, LINE 2: THE ORGANIZATION REQUIRES, AS A CONDITION OF THE GRANT, THAT THE RECIPIENT REPORT BACK ON THE UTILIZATION OF THE FUNDS THAT WERE AWARDED. X X X 0 0 0 0 0 0 0 1 0 BRADLEY STEELE PRESIDENT/CEO 175307 0 48865 0 1188 0 3640 0 22204 0 251204 0 0 0 PINA CHIODO CHIEF FINANCIAL OFFICER 138400 0 14200 0 414 0 2496 0 21594 0 177104 0 0 0 JOHN O'CONNELL V.P. MARKETING 210274 0 7200 0 1188 0 2606 0 22664 0 243932 0 0 0 PAUL DANEHY V.P. SALES 209507 0 7200 0 774 0 2596 0 22250 0 242327 0 0 0 MAHESH SHETH CHIEF INFORMATION OFFICER 174135 0 16200 0 414 0 3102 0 21890 0 215741 0 0 0 PHILIP SCARBRO V.P. BUSINESS DEVELOPMENT 134441 0 13200 0 774 0 1955 0 21790 0 172160 0 0 0 SCOTT PECKHAN OUTSIDE SALES 134572 0 2400 0 529 0 2247 0 21701 0 161449 0 0 0 PART I, LINE 7 THE BONUSES REFLECTED ON SCHEDULE J, PART II, ARE NON-FIXED. THEY ARE DISCRETIONARY IN NATURE. FORM 990, PART VI, SECTION A, LINE 2 ADAM PARKER, MARY STEWART AND ROBERT KING WERE ALL EFI DIRECTORS. THEY ALSO SERVED AS EXECUTIVES OF MEMBER ORGANIZATION E4THEFUTURE, INC. UNTIL JULY 9, 2015. BRADLEY STEELE, EFI'S PRESIDENT AND CEO, WAS A DIRECTOR OF E4THEFUTURE, INC. FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION HAS TWO MEMBERS (CENTER FOR ECOTECHNOLOGY, INC. AND VERMONT ENERGY INVESTMENT CORPORATION). FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 WAS REVIEWED AND APPROVED BY MANAGEMENT. THE FORM WAS THEN MADE AVAILABLE TO THE GOVERNING BODY VIA A SECURE WEBSITE BEFORE IT WAS FILED. THE ORGANIZATION DISTRIBUTED TO EACH OF ITS GOVERNING BODY MEMBERS A LINK TO A PASSWORD-PROTECTED SECURE WEBSITE ON WHICH THE ENTIRE FORM 990 COULD BE VIEWED, AND INVITED THEM TO REVIEW THE DOCUMENT AND MAKE COMMENTS. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS AND KEY EMPLOYEES ARE COVERED BY THE POLICY AND ARE REQUIRED TO SUBMIT AN ANNUAL DISCLOSURE OF ANY INTERESTS WHICH COULD GIVE RISE TO CONFLICTS. THE COVERED PERSONS ARE ALSO RESPONSIBLE FOR DISCLOSING THROUGHOUT THE YEAR ANY CONFLICT THAT COULD ARISE. WHEN A CONFLICT IS DISCLOSED, THE CONFLICTED PERSON MUST ABSTAIN FROM ANY BOARD VOTE REGARDING THE SPECIFIC ISSUE IF A DIRECTOR; AND ANY BUSINESS DECISION MADE REGARDING THE TRANSACTION IF AN OFFICER OR KEY EMPLOYEE. AREAS SPECIFICALLY EVALUATED FOR CONFLICT ARE PURCHASING (INVENTORY, CONSULTANTS, SERVICE PROVIDERS, OFFICE EQUIPMENT), SPECIAL PRICING ARRANGEMENTS FOR CUSTOMERS/CLIENTS, AND GRANT AWARDS. IF IT IS UNCLEAR WHETHER OR NOT A CONFLICT EXISTS, THE MATTER WILL BE BROUGHT TO COUNSEL FOR ASSISTANCE WITH THE DETERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THERE IS A COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT BOARD MEMBERS WHO DETERMINE, REVIEW AND APPROVE THE COMPENSATION OF THE PRESIDENT/CEO AND REVIEW AND APPROVE THE COMPENSATION OF OTHER OFFICERS AND SENIOR MANAGEMENT. THE COMPENSATION COMMITTEE RELIES ON COMPARABILITY DATA AND DOCUMENTS ITS DELIBERATIONS AND DECISIONS CONTEMPORANEOUSLY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST.