Form 990 for tax year 2025
Filed by FOUNDATION FOR ENERGY SECURITY AND INNOVATION INC.
Totals
- Total revenue
- $10,629,764
- Total expenses
- $2,215,864
- Contributions and grants received
- $10,596,000
- Grants paid
- $41,500
- Program service revenue
- $0
- Investment income
- $33,764
- Other revenue
- $0
- Total assets, end of year
- $11,473,970
- Total liabilities, end of year
- $490,776
- Net assets or fund balances, end of year
- $10,983,194
- Program services expenses (Part IX)
- $620,750
- Management and general expenses
- $1,518,461
- Fundraising expenses
- $76,653
- Program service expenses (Part III)
- $620,750
Program services were 28.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$3,000,000
-
1f · All other contributions, gifts and grants
$7,596,000
-
3 · Investment income
total $33,764 · excluded $33,764
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $41,500 · program services $41,500
-
5 · Compensation of officers, directors and key employees
total $341,919 · program services $205,151 · management and general $85,480 · fundraising $51,288
-
7 · Other salaries and wages
total $87,960 · program services $10,811 · management and general $74,446 · fundraising $2,703
-
9 · Other employee benefits
total $5,457 · program services $1,706 · management and general $3,325 · fundraising $426
-
10 · Payroll taxes
total $27,072 · program services $13,536 · management and general $10,152 · fundraising $3,384
-
11b · Fees: legal
total $115,626 · management and general $115,626
-
11c · Fees: accounting
total $35,400 · management and general $35,400
-
11g · Fees: other
total $1,365,225 · program services $236,806 · management and general $1,128,419
-
13 · Office expenses
total $8,216 · program services $4,108 · management and general $3,081 · fundraising $1,027
-
14 · Information technology
total $26,837 · program services $13,419 · management and general $10,064 · fundraising $3,354
-
16 · Occupancy
total $8,253 · program services $4,127 · management and general $3,095 · fundraising $1,031
-
17 · Travel
total $54,818 · program services $27,409 · management and general $20,557 · fundraising $6,852
-
19 · Conferences, conventions and meetings
total $63,258 · program services $49,490 · management and general $10,326 · fundraising $3,442
-
23 · Insurance
total $8,555 · management and general $8,555
-
24a · Other expenses: LICENSES & REGISTRATION
total $25,165 · program services $12,582 · management and general $9,437 · fundraising $3,146
-
24b · Other expenses: PAYROLL SERVICES
total $603 · program services $105 · management and general $498
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,855,999 · end of year $601,074
-
2 · Savings and temporary cash investments
end of year $7,858,107
-
3 · Pledges and grants receivable
end of year $3,000,000
-
9 · Prepaid expenses and deferred charges
beginning of year $3,700 · end of year $14,789
-
17 · Accounts payable and accrued expenses
beginning of year $290,405 · end of year $490,776
-
27 · Net assets without donor restrictions
beginning of year $2,569,294 · end of year $10,983,194
Mission and programs · 2025
Mission
THE FOUNDATION FOR ENERGY SECURITY AND INNOVATION (FESI) PARTNERS WITH THE US DEPARTMENT OF ENERGY (DOE) TO ACCELERATE INNOVATIVE SOLUTIONS IN SUPPORT OF AMERICAN ENERGY SECURITY, PROSPERITY, AND LEADERSHIP. THE FOUNDATION SERVES AS A CONDUIT BETWEEN THE PRIVATE SECTOR, ENERGY RESEARCHERS, AND FUNDERS TO HELP ACCELERATE THE COMMERCIALIZATION OF ENERGY TECHNOLOGIES.
Activities or mission (Part I)
SEE PART III, LINE 1.
-
ONE OF THE FOUNDATION'S MOST VALUABLE ASSETS IS ITS ABILITY TO HELP SCALE ENERGY INNOVATION BY BRINGING RESOURCES AND FUNDING TO MOVE OPPORTUNITIES FROM RESEARCH AND DEVELOPMENT TO SUCCESSFUL MARKET DEPLOYMENT.IN THE SPRING OF 2025, THE FOUNDATION HELPED SUPPORT SOME OF THE NATION'S MOST PROMISING ENERGY INNOVATION STARTUPS AND SMALL BUSINESSES DURING THE EPIC PITCH COMPETITION IN SAN ANTONIO, TEXAS. ALONGSIDE THE DOE, THE FOUNDATION ALSO HOSTED TWO INDUSTRY, SCIENCE, AND TECHNOLOGY ROUNDTABLE DISCUSSIONS TO ADDRESS CHALLENGES AND OPPORTUNITIES OF AI AND FUSION RESPECTIVELY. DISCUSSIONS FROM THE AI ROUNDTABLE DIRECTLY INFORMED WHAT BECAME THE GENESIS EXECUTIVE ORDER, REINFORCING THE IMPORTANCE OF FESI'S ROLE AS A NEUTRAL TABLE SETTER THAT CAN CONVENE LEADERS, SURFACE ALIGNMENT, AND CATALYZE ACTION.
Expenses $620,750 · Grants $41,500
As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Miranda BallentineMIRANDA BALLENTINE
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen PearseSTEPHEN PEARSE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0.5
-
Vicky BaileyVICKY BAILEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
Nancy PfundNANCY PFUND
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
Katie McGintyKATIE MCGINTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Noel BakhtianDR NOEL BAKHTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rita BaranwalRITA BARANWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Mike BootsMIKE BOOTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Dr Mung ChiangDR MUNG CHIANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Noelle LaingNOELLE LAING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Tomeka McLeodTOMEKA MCLEOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Jason WalshJASON WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Rudolph WynterRUDOLPH WYNTER
DIRECTOR (UNTIL 7/25)
- Total calculated
- $0
- Hours/week
- 0.5
-
Richard StockburgerRICHARD STOCKBURGER
CHIEF EXECUTIVE OFFICER
- Total calculated
- $341,918
- From this org
- $331,691
- From related orgs
- $0
- Other
- $10,227
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $331,691
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $10,227
- Filer's total
- $341,918
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
INFINION TECHNOLOGY INC
$10,000
EPIC PITCH AWARD
-
ANACTISIS LLC
$10,000
EPIC PITCH AWARD
-
DIG ENERGY INC
$10,000
EPIC PITCH AWARD
-
EPIC PITCH AWARD
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 25 August 2026
- IRS schema version
- 2025v4.2
- Source object
- 202602379349302040
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