Potential Energy Inc
Organization summary
Type of Nonprofit
Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.
Category: International, Foreign Affairs and National Security / International Development, Relief Services (NTEE)
Donations to this organization are tax deductible.
Summary charts: organization finances over time
Revenue $311k (2024)
 Expenses $359k (2024)
 Total Assets $225k (2024)
 Total Liabilities $172k (2024)
 Tax Filings by Year
Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.
    Fiscal Year Ending Dec.
    2024
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $12,367 | 
          
    4.0%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $335,012 | 
          
    > 100%
 
     | 
| Net Inventory Sales | -$36,808 | |
| Other Revenue | $0 | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $252,162 | 
          
    70.2%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $39,352 | 
          
    11.0%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $224,876 | |
| Total Liabilities | $172,174 | 
Compensation
| Key Employees and Officers | Compensation | Related | Other | 
|---|---|---|---|
| Jessica De Clerck (Managing Director) | $252,162 | $0 | $0 | 
| Tyler Valiquette (Board Chair) | $0 | $0 | $0 | 
| Mikhail Sharov (Board Member) | $0 | $0 | $0 | 
Document Links
990
Filed on April 29, 2025Primary tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2023
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $554,603 | 
          
    99.8%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $970 | 
          
    0.2%
 
     | 
| Other Revenue | $0 | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $116,065 | 
          
    35.0%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $119,488 | 
          
    36.0%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $278,610 | |
| Total Liabilities | $176,896 | 
Compensation
| Key Employees and Officers | Compensation | Related | Other | 
|---|---|---|---|
| Jessica De Clerck (Managing Dir.) | $116,065 | $0 | $0 | 
| Tyler Valiquette (Chair) | $0 | $0 | $0 | 
| Kevin Blake (Member) | $0 | $0 | $0 | 
Document Links
990
Filed on May 2, 2024Primary tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2022
  
Extracted Financial Data
Extracted Financial Data from 990-EZ
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $78,572 | 
          
    > 100%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | -$150 | |
| Other Revenue | $0 | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $57,593 | |
| Total Liabilities | $179,400 | 
Compensation
| Key Employees and Officers | Compensation | Other | 
|---|---|---|
| Jessica De Clerck (Managing Dir.) | $118,210 | $0 | 
| Tyler Valiquette (Chair) | $0 | $0 | 
| Mitesh Gala (Member) | $0 | $0 | 
Document Links
990-EZ
Filed on Nov. 15, 2023Short form tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2021
  
Extracted Financial Data
Extracted Financial Data from 990-EZ
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $31,512 | 
          
    32.4%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $65,653 | 
          
    67.6%
 
     | 
| Other Revenue | $0 | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $8,674 | |
| Total Liabilities | $45,000 | 
Compensation
| Key Employees and Officers | Compensation | Other | 
|---|---|---|
| Jessica De Clerck (Managing Dir.) | $48,543 | $0 | 
| Tyler Valiquette (Chair) | $0 | $0 | 
| Mitesh Gala (Member) | $0 | $0 | 
Document Links
990-EZ
Filed on Nov. 15, 2023Short form tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2020
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $165,620 | 
          
    68.6%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $75,960 | 
          
    31.4%
 
     | 
| Other Revenue | $0 | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $56,069 | 
          
    34.4%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $33,062 | 
          
    20.3%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $22,859 | |
| Total Liabilities | $45,000 | 
Compensation
| Key Employees and Officers | Compensation | Related | Other | 
|---|---|---|---|
| Jessica De Clerck (Managing Dir.) | $56,069 | $0 | $0 | 
| Tyler Valiquette (Chair) | $0 | $0 | $0 | 
| Mitesh Gala (Member) | $0 | $0 | $0 | 
Document Links
990
Filed on Nov. 13, 2023Primary tax return for a nonprofit’s activities, finances, and governance
990-EZ
Short form tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2016
  
Extracted Financial Data
Extracted Financial Data from 990-EZ
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $11,567 | 
          
    100%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $39,539 | |
| Total Liabilities | $0 | 
Compensation
| Key Employees and Officers | Compensation | Other | 
|---|---|---|
| April Gavin (Bookkeeper) | $1,963 | $0 | 
| Ashok Gadgil (Director) | $0 | $0 | 
| Mohammed Sadki (Cfo) | $0 | $0 | 
Document Links
990-EZ
Filed on Feb. 14, 2017Short form tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2015
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $349,152 | 
          
    99.2%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $2,972 | 
          
    0.8%
 
     | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $79,964 | 
          
    16.3%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $53,970 | 
          
    11.0%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $177,978 | |
| Total Liabilities | $6,100 | 
Compensation
| Key Employees and Officers | Compensation | Related | Other | 
|---|---|---|---|
| Michelle Kreger (Board Chair) | $67,500 | $0 | $3,764 | 
| April Gavin (Bookkeeper) | $3,654 | $0 | $0 | 
| Tom Meshishnek (Account. (Fmr)) | $3,438 | $0 | $1,608 | 
Document Links
990
Filed on April 18, 2016Primary tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2014
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $575,759 | 
          
    98.9%
 
     | 
| Program Services | $1,500 | 
          
    0.3%
 
     | 
| Investment Income | $0 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $5,000 | 
          
    0.9%
 
     | 
| Other Revenue | $0 | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $100,456 | 
          
    18.2%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $80,623 | 
          
    14.6%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $358,503 | |
| Total Liabilities | $47,624 | 
Compensation
| Key Employees and Officers | Compensation | Related | Other | 
|---|---|---|---|
| Michelle Kreger (Executive Dir.) | $89,250 | $0 | $8,136 | 
| Tom Meshishnek (Accountant) | $11,206 | $0 | $10,344 | 
| Ashok Gadgil (President) | $0 | $0 | $0 | 
Document Links
990
Filed on May 14, 2015Primary tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2013
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $579,696 | 
          
    88.9%
 
     | 
| Program Services | $69,474 | 
          
    10.7%
 
     | 
| Investment Income | $0 | |
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $2,722 | 
          
    0.4%
 
     | 
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $121,886 | 
          
    19.7%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $2,535 | 
          
    0.4%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $302,052 | |
| Total Liabilities | $21,841 | 
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2012
  
Extracted Financial Data
Extracted Financial Data from Form 990
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $697,768 | 
          
    84.9%
 
     | 
| Program Services | $124,040 | 
          
    15.1%
 
     | 
| Investment Income | $21 | 
          
    0.0%
 
     | 
| Bond Proceeds | $0 | |
| Royalties | $0 | |
| Rental Property Income | $0 | |
| Net Fundraising | $247 | 
          
    0.0%
 
     | 
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $0 | 
| Notable Expenses | Percent of Total Expenses | |
|---|---|---|
| Executive Compensation | $93,664 | 
          
    16.6%
 
     | 
| Professional Fundraising Fees | $0 | |
| Other Salaries and Wages | $39,001 | 
          
    6.9%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $297,135 | |
| Total Liabilities | $51,303 | 
Document Links
990
Primary tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2011
  
Extracted Financial Data
Extracted Financial Data from 990-EZ
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $10,513 | 
          
    86.8%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | $0 | |
| Other Revenue | $1,600 | 
          
    13.2%
 
     | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $4,426 | |
| Total Liabilities | $64 | 
Document Links
990-EZ
Short form tax return for a nonprofit’s activities, finances, and governance
    Fiscal Year Ending Dec.
    2010
  
Extracted Financial Data
Extracted Financial Data from 990-EZ
| Notable Sources of Revenue | Percent of Total Revenue | |
|---|---|---|
| Contributions | $10,596 | 
          
    > 100%
 
     | 
| Program Services | $0 | |
| Investment Income | $0 | |
| Net Fundraising | $0 | |
| Sales of Assets | $0 | |
| Net Inventory Sales | -$477 | |
| Other Revenue | $0 | 
| Assets/Debt | ||
|---|---|---|
| Total Assets | $2,777 | |
| Total Liabilities | $800 | 
Document Links
990-EZ
Short form tax return for a nonprofit’s activities, finances, and governance
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