Nonprofit · EIN 93-3025007
FUTURE ENERGIES FOUNDATION
Tax-exempt · PEARLAND, TX 77584
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $94,500 | $94,500 | $0 | $24,700 | $7,200 | $17,500 |
| December 31, 2023 | 990 | $353,500 | $349,499 | $4,001 | $263,454 | $259,453 | $4,001 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $94,500
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $63,000
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $9,500
- Program services (functional)
- $63,000
- Management and general (functional)
- $22,000
- Fundraising (functional)
- $9,500
Balance sheet and other
- Total assets, start of year
- $263,454
- Total assets, end of year
- $24,700
- Total liabilities, end of year
- $7,200
- Net assets, end of year
- $17,500
- Gross receipts
- $94,500
- Employees
- 0
- Year formed
- 2023
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BALU JEGGANATHAN | Vice President Officer | 0 | $0 |
| Vidya Sagar ASALAPURAM | President Officer | 0 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Vidya Sagar ASALAPURAM | President Officer | 0 | $0 |
| BALU JEGGANATHAN | Vice President Officer | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 11601 SHADOW CREEK PKWY SUITE 111-1, PEARLAND, TX 77584-7284
- In care of
- % VIDYA SAGAR ASALAPURAM
- Signed the 990
- VIDYA SAGAR ASALAPURAM, President
- Phone
- (832) 451-5589
- Return prepared by
- Shikha Gupta CPA LLC
Mission
To serve as a scientific platform that can foster change in public society by helping innovative Clean Technologies partners accelerate their solutions for development of innovative scientific solutions in Clean Energy and Renewable Technology space
Program accomplishments
- Through this program, we deployed a Battery Energy Storage System for studying the impact of using innovative lithium-ion battery cells for energy storage and their longevity in extreme conditions.Expenses $63,000 · revenue $78,350
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 93-3025007
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $24,700
- Income (IRS master file)
- $94,500
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $94,500 | $94,500 | $24,700 | XML |
| 990 | December 2023 | $353,500 | $349,499 | $263,454 | XML |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 93-3025007).
Questions about FUTURE ENERGIES FOUNDATION
- What is the EIN of FUTURE ENERGIES FOUNDATION?
- The employer identification number (EIN) of FUTURE ENERGIES FOUNDATION is 93-3025007.
- Is FUTURE ENERGIES FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FUTURE ENERGIES FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FUTURE ENERGIES FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FUTURE ENERGIES FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FUTURE ENERGIES FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who are the officers and directors of FUTURE ENERGIES FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does FUTURE ENERGIES FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $94,500, expenses of $94,500 and total assets of $24,700 at year end.
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