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Nonprofiteer
← HOME ENERGY EFFICIENCY TEAM INC

Form 990 for tax year 2025

Filed by HOME ENERGY EFFICIENCY TEAM INC.

Totals

Total revenue
$2,129,962
Total expenses
$2,507,184
Contributions and grants received
$2,110,990
Grants paid
$255,500
Program service revenue
$14,310
Investment income
$8,474
Other revenue
-$3,812
Total assets, end of year
$1,774,752
Total liabilities, end of year
$179,437
Net assets or fund balances, end of year
$1,595,315
Program services expenses (Part IX)
$1,936,628
Management and general expenses
$378,456
Fundraising expenses
$192,100
Program service expenses (Part III)
$1,936,628

Program services were 77.2% 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.

  • 1c · Fundraising events

    $113,585

  • 1e · Government grants (contributions)

    $1,313,665

  • 1f · All other contributions, gifts and grants

    $683,740

  • 2a · Program service revenue: PROGRAM FEES

    total $14,310 · related or exempt $14,310

  • 3 · Investment income

    total $6,972 · excluded $6,972

  • 7a · Gross sales of assets other than inventory

    securities $22,646

  • 7b · Less cost or other basis and sales expenses

    securities $21,144

  • 7c · Gain or loss

    securities $1,502

  • 7d · Net gain or loss

    total $1,502 · excluded $1,502

  • 8a · Fundraising events: gross income

    $10,296

  • 8a · Fundraising events: contributions included on line 1c

    $113,585

  • 8b · Fundraising events: direct expenses

    $21,295

  • 8c · Net income from fundraising events

    total -$10,999 · excluded -$10,999

  • 11a · Other revenue: OTHER REVENUE

    total $7,187 · related or exempt $7,187

  • 11e · Other revenue, total

    $7,187

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $255,500 · program services $255,500

  • 5 · Compensation of officers, directors and key employees

    total $228,206 · program services $94,635 · management and general $123,753 · fundraising $9,818

  • 7 · Other salaries and wages

    total $927,348 · program services $682,118 · management and general $127,024 · fundraising $118,206

  • 9 · Other employee benefits

    total $140,988 · program services $114,943 · management and general $9,992 · fundraising $16,053

  • 10 · Payroll taxes

    total $92,729 · program services $64,132 · management and general $18,033 · fundraising $10,564

  • 11b · Fees: legal

    total $10,174 · management and general $10,174

  • 11c · Fees: accounting

    total $30,975 · management and general $30,975

  • 11g · Fees: other

    total $556,837 · program services $537,044 · management and general $5,339 · fundraising $14,454

  • 13 · Office expenses

    total $24,885 · program services $5,654 · management and general $16,550 · fundraising $2,681

  • 16 · Occupancy

    total $128,307 · program services $88,532 · management and general $25,661 · fundraising $14,114

  • 17 · Travel

    total $56,255 · program services $46,028 · management and general $4,017 · fundraising $6,210

  • 19 · Conferences, conventions and meetings

    total $20,117 · program services $20,117

  • 23 · Insurance

    total $5,708 · management and general $5,708

  • 24a · Other expenses: MISCELLANEOUS

    total $22,071 · program services $20,991 · management and general $1,080

  • 24b · Other expenses: PROGRAM SUPPLIES AND EX

    total $7,084 · program services $6,934 · management and general $150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $345,682 · end of year $294,006

  • 2 · Savings and temporary cash investments

    beginning of year $939,284 · end of year $639,984

  • 3 · Pledges and grants receivable

    beginning of year $1,029,185 · end of year $777,852

  • 9 · Prepaid expenses and deferred charges

    beginning of year $54,757 · end of year $62,910

  • 17 · Accounts payable and accrued expenses

    beginning of year $321,371 · end of year $179,437

  • 18 · Grants payable

    beginning of year $75,000

  • 27 · Net assets without donor restrictions

    beginning of year $148,066 · end of year $352,101

  • 28 · Net assets with donor restrictions

    beginning of year $1,824,471 · end of year $1,243,214

Mission and programs · 2025

Mission

TO EVOLVE THE ENERGY SYSTEM TO MEET THE NEEDS OF THE FUTURE.

  • WE PROPOSED A NOVEL UTILITY USING SINGLE-PIPE AMBIENT GEOTHERMAL NETWORKS THAT ALLOWS EXISTING GAS UTILITIES AND OTHER ENTITIES TO MODERNIZE AND FUTURE-PROOF INFRASTRUCTURE INVESTMENTS WHILE GROWING GOOD JOBS, LOWERING ENERGY COSTS AND EMISSIONS, AND IMPROVING SAFETY, RELIABILITY, SECURITY, HEALTH AND COMFORT. THE FIRST GAS TO GEO INSTALL IS OPERATIONAL, SERVING 140 CUSTOMERS WELL, AND WE DESIGNED AN EXPANSION. HEET HAS BUILT A TECHNO ECONOMIC MODEL, LAUNCHED A DATABASE, LAUNCHED THE FIRST GEOTHERMAL TECHNICIAN TRAINING, AND DEVELOPED AND LED A SCALABLE COMMUNITY-INITIATED PROJECT APPROACH TO BUILD A GROWING PIPELINE OF PROJECTS ACROSS THE COUNTRY. WE ARE ENGAGED IN INNOVATION, EDUCATION, AND POLICY TO MAKE THE THERMAL OPPORTUNITY REALITY.

    Expenses $1,936,628 · Grants $255,500 · Revenue $14,310

As filed on the 2025 return.

Listed in Part VII

  • Ana Maria Camargo

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • William Harkins

    FORMER TREASURER

    Total calculated
    $0
    Hours/week
    1

  • John Reinhardt

    INTERIM TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Oliver

    CLERK

    Total calculated
    $0
    Hours/week
    1

  • Karen Martin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Marilyn Ray Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • William Akley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Leith Sharp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Zeyneb Magavi

    EXECUTIVE DIRECTOR

    Total calculated
    $95,637
    From this org
    $95,637
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Nopalzin Torres

    DIRECTOR OF FINANCE

    Total calculated
    $126,590
    From this org
    $94,737
    From related orgs
    $0
    Other
    $31,853
    Hours/week
    40

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.

Grants on this return

  • BLACK SWAN LABS INCORPORATED

    $130,500

    OPERATING SUPPORT

  • NEW GARDEN PARK INC

    $25,000

    KICKSTART GRANTS

  • CITY OF GLOUCESTER

    $25,000

    KICKSTART GRANTS

  • TOWN OF ARLINGTON

    $25,000

    KICKSTART GRANTS

  • TOWN OF DEERFIELD

    $25,000

    KICKSTART GRANTS

  • CITY OF SOMERVILLE

    $25,000

    KICKSTART GRANTS

Provenance

Return type
form_990
Tax year
2025
Filed
20 August 2026
IRS schema version
2025v4.2
Source object
202602329349300920

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