Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 99-4236866

FUTURE OF HEAT INITIATIVE INC

Tax-exempt · CAMBRIDGE, MA 02139

Financials

$436K$114K2024
Revenue Expenses · by fiscal year end
Financials of FUTURE OF HEAT INITIATIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$436,175$113,592$322,583$328,958$6,375$322,583
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$436,175
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$62,500
Salaries, compensation and benefits (total)
$67,566
Professional fundraising fees
$0
Occupancy
$695
Travel
$6,846
Depreciation
$42
Program services (functional)
$51,330
Management and general (functional)
$48,750
Fundraising (functional)
$13,512

Balance sheet and other

Total assets, start of year
$0
Total assets, end of year
$328,958
Total liabilities, end of year
$6,375
Net assets, end of year
$322,583
Land, buildings and equipment
$1,809
Net assets without donor restrictions
$322,583
Gross receipts
$436,175
Employees
0
Volunteers
0
Year formed
2024
State of legal domicile
MA

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.

NameTitleHours / weekCompensation
Michael E BloombergExecutive Director
Trustee or director, Officer
40$62,500
Bruce E BiewaldPresident and Director
Trustee or director, Officer
5$0

Address and contacts

Address (IRS master file)
22 PEARL ST, CAMBRIDGE, MA 02139-4095
Principal officer (990 for 2024)
Michael Bloomberg, 22 PEARL ST, 4, CAMBRIDGE, MA 02139
Signed the 990
Michael Bloomberg, Executive Director Treasurer

Mission

The Future of Heat Initiative provides state utility regulators policymakers and public interest intervenors with independent research legal analysis and technical support to advance the effective regulation of gas utilities. By equipping decision-makers with rigorous analysis evidence-based insights and practical tools we support policies and investments that safeguard consumers empower workers and accelerate the transition to a modern energy system.

990 for the year ended December 31, 2024

Program accomplishments

  • Education and collaboration on labor impacts of gas policies
    Expenses $24,114
  • Research and writing on changing utility regulatory paradigm
    Expenses $16,405
  • Research study on gas pipeline safety
    Expenses $10,811

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024Check at the IRS

IRS record

EIN
99-4236866
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$328,958
Income (IRS master file)
$436,175

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$436,175$113,592$328,958XML

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 99-4236866).

Questions about FUTURE OF HEAT INITIATIVE INC

What is the EIN of FUTURE OF HEAT INITIATIVE INC?
The employer identification number (EIN) of FUTURE OF HEAT INITIATIVE INC is 99-4236866.
Is FUTURE OF HEAT INITIATIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2025.
Are donations to FUTURE OF HEAT INITIATIVE INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does FUTURE OF HEAT INITIATIVE INC 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 OF HEAT INITIATIVE INC 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 OF HEAT INITIATIVE INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FUTURE OF HEAT INITIATIVE INC?
The 990 for the year ended December 31, 2024 names Michael Bloomberg.
Who are the officers and directors of FUTURE OF HEAT INITIATIVE INC?
The 990 for the year ended December 31, 2024 lists 2 people; 1 received compensation from the organization, the highest $62,500 (Michael E Bloomberg, Executive Director).
How much revenue does FUTURE OF HEAT INITIATIVE INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $436,175, expenses of $113,592 and total assets of $328,958 at year end.

Other nonprofits in CAMBRIDGE

All nonprofits in CAMBRIDGE · Massachusetts · Public and societal benefit