2024-11-15T18:37:11-06:00 2023-12-31 911275259 SMITH BUNDAY BERMAN BRITTON PS 11808 NORTHUP WAY SUITE 240 BELLEVUE WA 980051959 990 2023-01-01 822193847 POST ROAD FOUNDATION POST 5108598575 1999 HARRISON STREET 1800 OAKLAND CA 94612 SETH HOEDL PRESIDENT/SECRETARY 5108598575 2024-11-15 1 0 JAYNE BRAY P00080717 4258278255 2023 2024-10-15 13:58:12Z SETH HOEDL 1999 HARRISON STREET SUITE 1800 OAKLAND CA 94612 5168888 0 X WWW.POSTROADFOUNDATION.ORG X 2017 DE THE STUDY OF PRESENT AND FUTURE CAPABILITIES OF CONNECTED, SUSTAINABLE INFRASTRUCTURE IN IMPOVERISHED OR OTHERWISE UNDERSERVED COMMUNITIES ACROSS THE UNITED STATES IN ORDER TO ADVANCE THE PUBLIC'S KNOWLEDGE OF THE EFFICIENT IMPLEMENTATION OF SUCH INFRASTRUCTURE AND ITS POTENTIAL FOR REDUCING EMISSIONS, CUTTING ENERGY COSTS AND IMPROVING DIGITAL ACCESS. 3 3 5 0 0 0 648204 5165053 0 0 1149 3835 0 0 649353 5168888 0 0 0 0 223623 285940 0 0 0 320409 438237 544032 724177 105321 4444711 467583 5217157 837238 1142102 -369655 4075055 X THE STUDY OF PRESENT AND FUTURE CAPABILITIES OF CONNECTED, SUSTAINABLE INFRASTRUCTURE IN IMPOVERISHED OR OTHERWISE UNDERSERVED COMMUNITIES ACROSS THE UNITED STATES IN ORDER TO ADVANCE THE PUBLIC'S KNOWLEDGE ON THE EFFICIENT IMPLEMENTATION OF SUCH INFRASTRUCTURE AND ITS POTENTIAL FOR REDUCING EMMISSIONS, CUTTING ENERGY COSTS, AND IMPROVING DIGITAL ACCESS. 0 0 617813 5165053 THE STUDY OF CONNECTED INFRASTRUCTURE IN FIVE UNDERSERVED COMMUNITIES. 617813 1 1 0 0 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 5 0 1 5 1 0 0 0 0 0 0 0 0 0 0 X 3 3 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA MA X SETH HOEDL 5108598575 1999 HARRISON STREET SUITE 1800 OAKLAND CA 94612 WAIDE WARNER CHAIRMAN OF BOARD/TREASURE 20.00 X X 0 0 0 MARY LOUISE COHEN DIRECTOR 1.00 X 0 0 0 DOUGLAS SIMS DIRECTOR 1.00 X 0 0 0 SETH HOEDL PRES/SECRETARY/CHIEF SCIEN 40.00 X 207228 0 0 207228 0 0 1 0 1 0 0 389044 4776009 5165053 3835 3835 5168888 0 0 3835 X 207228 207228 76395 45038 31357 2317 422 1895 4359 4359 19553 19553 350623 347051 3572 10565 76 10489 3315 3315 19319 19319 13578 13578 1247 1247 GENERAL AND ADMINISTRAT 15678 4420 11258 724177 617813 106364 0 22041 50405 417879 5032896 24683 113529 0 10000 2980 10327 467583 5217157 37252 642102 799986 500000 837238 1142102 X -369655 4075055 -369655 4075055 467583 5217157 X 4444711 -1 X X 0 1 X 1 0 X 110309 190618 40000 648204 5165053 6154184 110309 190618 40000 648204 5165053 6154184 5203290 950894 86 283 1149 3835 5353 6159537 0.15440 0.18230 X 1.170A-9 (F)(3)(I) IN THE FIRST FIVE YEARS OF THE ORGANIZATION'S EXISTENCE, MORE THAN 10% OF THE SUPPORT RECEIVED BY THE ORGANIZATION, AS CALCULATED PER (F)(6), (F)(7) AND (F)(8), WAS FROM NATIONAL CHARITIES AND U.S. FEDERAL GRANTS FROM THE U.S. DEPARTMENT OF ENERGY AND A LOAN FROM THE SMALL BUSINESS ADMINISTRATION. WE EXPECT THIS PERCENTAGE TO GROW AS THE ORGANIZATION MATURES. 1.170A-9 (F)(3)(II) THE ORGANIZATION IS ORGANIZED AND OPERATED TO ATTRACT NEW AND ADDITIONAL PUBLIC AND GOVERNMENTAL SUPPORT ON A CONTINUOUS BASIS. THE ORGANIZATION PREPARES AND SUBMITS GRANT APPLICATIONS ON A CONTINUAL BASIS. IN 2022, THE ORGANIZATION SECURED A NEARLY $3,000,000 GRANT FROM THE U.S. DEPARTMENT OF ENERGY (HTTPS://WWW.ENERGY.GOV/EERE/BUILDINGS/ARTICLES/MEET-DOES-NEWEST-CONNECTED-COMMUNITIES-GRID-INTERACTIVE-EFFICIENT-BUILDINGS) WHICH WILL SUPPORT A SUBSTANTIAL FRACTION OF THE ORGANIZATIONS ACTIVITIES BETWEEN 2022 AND 2027. 1.170A-9 (F)(3)(III)(A). THE PERCENTAGE OF SUPPORT IS ABOVE 10% AND WE EXPECT IT TO INCREASE IN COMING YEARS AS MORE OF OUR ACTIVITIES ARE FUNDED BY THE U.S. DEPARTMENT OF ENERGY. NONE OF THE ORGANIZATION'S INCOME TO DATE IS FROM AN ENDOWMENT FUND. 1.170A-9 (F)(3)(III)(B). THE ORGANIZATION IS SUPPORTED BY COMPETITIVE GRANTS FROM THE ROCKEFELLER FOUNDATION, THE FORD FOUNDATION, A CERTIFIED B CORPORATION, AND THE U.S. DEPARTMENT OF ENERGY. THE ORGANIZATION IS NOT SUPPORTED BY INDIVIDUALS OR A SINGLE FAMILY. 1.170A-9 (F)(3)(III)(C). THE ORGANIZATION HAS A BOARD OF DIRECTORS THAT REPRESENTS THE BROAD INTERESTS OF THE PUBLIC AND THAT IS COMPRISED OF INDIVIDUALS WITH SPECIAL KNOWLEDGE AND EXPERTISE IN THE ORGANIZATION'S PARTICULAR FIELD OF SUSTAINABLE INFRASTRUCTURE. 1.170A-9 (F)(3)(III)(D)(2). THE ORGANIZATION REGULARLY PUBLISHES SCHOLARLY STUDIES THAT ARE WIDELY USED BY UNIVERSITIES AND MEMBERS OF THE GENERAL PUBLIC. FOR EXAMPLE, PAPERS PUBLISHED IN 2019 AND 2021, AND A PRESENTATION AT THE AMERICAN PHYSICAL SOCIETY'S DIVISION OF PLASMA PHYSICS IN 2021 REGARDING COMMUNITY INPUT IN SUSTAINABLE INFRASTRUCTURE (FORMALLY PUBLISHED IN 2022), WERE THE BASIS FOR A SERIES OF PRESENTATIONS AT UNIVERSITY AND ALSO USED BY THE 2022 WHITE HOUSE FUSION SUMMIT (HTTPS://WWW.WHITEHOUSE.GOV/OSTP/NEWS-UPDATES/2022/04/19/READOUT-OF-THE-WHITE-HOUSE-SUMMIT-ON-DEVELOPING-A-BOLD-DECADAL-VISION-FOR-COMMERCIAL-FUSION-ENERGY/), THE ANNUAL MEETING OF THE U.S. DEPARTMENT OF ENERGY'S ADVANCED PROJECT RESEARCH AGENCIES FUSION PROGRAM (HTTPS://ARPA-E.ENERGY.GOV/2022-FUSION-ANNUAL-MEETING), THE U.S. DEPARTMENT OF ENERGY'S 2022 WORKSHOP ON FUSION ENERGY DEVELOPMENT (HTTPS://SCIENCE.OSTI.GOV/FES/COMMUNITY-RESOURCES/WORKSHOP-REPORTS/FUSION-ENERGY-DEVELOPMENT-VIA-PUBLIC-PRIVATE-PARTNERSHIPS), AND A 2022 PUBLIC MEETING OF THE U.S. NUCLEAR REGULATORY COMMISSION (HTTPS://WWW.NRC.GOV/DOCS/ML2230/ML22307A042.PDF). 1.170A-9 (F)(3)(III)(D)(3)(III) THE ORGANIZATION RECEIVES SIGNIFICANT FUNDS FROM PUBLIC CHARITIES AND GOVERNMENTAL AGENCIES THAT HAVE STRICT OVERSIGHT OF THE ORGANIZATION'S ACTIVITIES AS A CONDITION OF THE GRANTS AND AWARDS. OVERSIGHT INCLUDES ANNUAL AUDITS, MILESTONE-BASED PAYMENTS AND ACTIVITY REPORTS. AS ANOTHER EXAMPLE, THE U.S. DEPARTMENT OF ENERGY'S 2024 FUSION ENERGY STRATEGY (HTTPS://WWW.ENERGY.GOV/SITES/DEFAULT/FILES/2024-06/FUSION-ENERGY-STRATEGY-2024.PDF) EXPLICITLY REFERENCES A POST ROAD PUBLICATION. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 EIDL LOAN 500000 500000 5168888 0 5168888 0 5168888 724177 0 724177 0 724177 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES AS A PUBLIC CHARITY UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. MANAGEMENT BELIEVES THAT THE ORGANIZATION OPERATES IN A MANNER CONSISTENT WITH THEIR TAX-EXEMPT STATUS AT BOTH THE STATE AND FEDERAL LEVELS. THE ORGANIZATION ANNUALLY FILES IRS FORM 990 - RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, REPORTING VARIOUS INFORMATION THAT THE IRS USES TO MONITOR THE ACTIVITIES OF TAX-EXEMPT ENTITIES. THESE TAX RETURNS ARE SUBJECT TO REVIEW BY THE TAXING AUTHORITIES, GENERALLY FOR A PERIOD OF THREE YEARS AFTER THEY WERE FILED. THE ORGANIZATION CURRENTLY HAS NO TAX EXAMINATIONS IN PROGRESS. X X X 0 0 0 0 0 0 0 0 0 SETH HOEDL PRES/SECRETARY/CHIEF SCIEN 207228 0 0 0 0 0 0 0 0 0 207228 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL ACCOUNTANTS AND REVIEWED BY MANAGEMENT. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS FOR REVIEW AND APPROVAL PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C EACH YEAR THE ORGANIZATION'S CONFLICT OF INTEREST POLICY IS PROVIDED TO ALL OFFICERS, DIRECTORS AND KEY EMPLOYEES. THESE PEOPLE ARE ASKED TO REVIEW THE POLICY AND SIGN A STATEMENT INDICATING THAT THEY UNDERSTAND THE POLICY AND HAVE REPORTED ALL POTENTIAL CONFLICTS DURING THE PAST YEAR IN ACCORDANCE WITH THE POLICY AND WILL REPORT ALL POTENTIAL CONFLICTS DURING THE COMING YEAR. ALL POTENTIAL CONFLICTS ARE EVALUATED BY THE BOARD TO DETERMINE IF A CONFLICT ACTUALLY EXISTS. IN THOSE INSTANCES WHERE THE POTENTIAL TRANSACTION IS A CONFLICT, THE BOARD EXAMINES THE TRANSACTION AND A VOTE IS TAKEN (WITH THOSE INVOLVED RECUSING THEMSELVES) AS TO WHETHER THE ORGANATION WILL ENTER INTO THE TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 ANNUALLY THE BOARD CONDUCTS A PERFORMANCE REVIEW AND EVALUATION OF THE PRESIDENT/CEO. THE REVIEW ALSO ESTABLISHES THE INDIVIDUAL'S COMPENSATION FOR THE FOLLOWING YEAR. THIS PROCESS INVOLVES THE EVALUATION OF THE INDIVIDUAL AND A REVIEW OF COMPENSATION OF COMPARABLE POSITIONS OBTAINED FROM COMPENSATIONS SURVEYS. THE BOARDS'S DELIBERATIONS AND DECISION IS NOTED IN THE MINUTES OF THE MEETING. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OR INCORPORATION AND BY-LAWS), ITS CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICE DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 347,051. MANAGEMENT AND GENERAL EXPENSES 3,572. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 350,623. FORM 990, PART XI, LINE 9: ROUNDING -1. PAGE 12, PART XII, LINE 2B THERE HAVE BEEN NO CHANGES IN THE PROCESS FROM THE PRIOR YEAR. PART VI, SECTION B - POLICIES, LINES 13 & 14 THE FOUNDATION BOARD ADOPTED WHISTLEBLOWER AND RECORD RETENTION POLICIES AT THEIR BOARD MEETING ON SEPTEMBER 23,2020. FORM 990 PART X BALANCE SHEET - OTHER LIABILITIES THE FOUNDATION HAS ELECTED TO ADOPT THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS UPDATE (ASU) NO. 2018-08 - NOT-FOR-PROFIT-ENTITIES (TOPIC 958): CLARIFYING THE SCOPE AND ACCOUNTING GUIDANCE FOR CONTRIBUTIONS RECEIVED AND CONTRIBUTIONS MADE. ACCORDINGLY, DEFERRED REVENUE IN THE AMOUNT OF $299,986 AND $675,925 WAS RECORDED AS OF 12/31/2022 AND 12/31/21, RESPECTIVELY, AS A CONDITIONAL GRANT ADVANCE LIABILITY. POST ROAD PROJECT 1 LLC 1999 HARRISON ST STE 1800 OAKLAND CA 94612 883864338 TO DEVELOP A BROADBAND PROJECT IN ALABAMA DE 0 0 POST ROAD COMMUNITY PARTNERS PBC POST ROAD PROJECT 2 LLC 1999 HARRISON ST STE 1800 OAKLAND CA 94612 883899152 TO DEVELOP A BROADBAND PROJECT IN TENNESSEE DE 0 0 POST ROAD COMMUNITY PARTNERS PBC POST ROAD ENERGY LLC 1999 HARRISON ST STE 1800 OAKLAND CA 94612 921394575 TO COMMERCIALIZE DOE-FUNDED TECHNOLOGY & APPLY FOR DOE GRANTS FOR FOR-PROFIT DE 0 0 POST ROAD COMMUNITY PARTNERS PBC POST ROAD COMMUNITY PARTNERS PBC 1999 HARRISON ST STE 1800 OAKLAND CA 94612 883850668 TO DEVELOP BROADBAND PROJECTS & COMMERCIALIZE DEPT OF ENER FUNDED TECHNOLOGY DE POST ROAD FOUNDATION C 68 675 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0