Form 990 for tax year 2024
Filed by FOUNDATION FOR ENERGY SECURITY AND INNOVATION INC.
Totals
- Total revenue
- $2,922,001
- Total expenses
- $352,707
- Contributions and grants received
- $2,922,001
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,859,699
- Total liabilities, end of year
- $290,405
- Net assets or fund balances, end of year
- $2,569,294
- Program services expenses (Part IX)
- $0
- Management and general expenses
- $352,707
- Fundraising expenses
- $0
- Program service expenses (Part III)
- not reported
Program services were 0.0% 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)
$2,400,000
-
1f · All other contributions, gifts and grants
$522,001
Functional expenses
Part IX, the statement of functional expenses.
-
11a · Fees: management
total $11,200 · management and general $11,200
-
11b · Fees: legal
total $73,026 · management and general $73,026
-
11g · Fees: other
total $268,145 · management and general $268,145
-
23 · Insurance
total $336 · management and general $336
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
end of year $2,855,999
-
9 · Prepaid expenses and deferred charges
end of year $3,700
-
17 · Accounts payable and accrued expenses
end of year $290,405
-
27 · Net assets without donor restrictions
end of year $2,569,294
Mission and programs · 2024
Mission
THE FOUNDATION FOR ENERGY SECURITY AND INNOVATION (FESI) WORKS TO ADVANCE COLLABORATION WITH ENERGY RESEARCHERS, INSTITUTIONS OF HIGHER EDUCATION, INDUSTRY, AND NONPROFIT AND PHILANTHROPIC ORGANIZATIONS TO ACCELERATE THE COMMERCIALIZATION OF ENERGY TECHNOLOGIES.
-
FESI DID NOT PERFORM ANY PROGRAMMATIC SERVICES DURING 2024. INSTEAD, FESI FOCUSED ON START UP OPERATIONS INCLUDING ASSEMBLING A BOARD OF DIRECTORS, HIRING AN INTERIM COO, ENGAGING WITH EXTERNAL COUNSEL, AND INCORPORATING THE ORGANIZATION.
As filed on the 2024 return.
Listed in Part VII
-
Hon Miranda BallentineHON MIRANDA BALLENTINE
CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Stephen PearseSTEPHEN PEARSE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
Vicky BaileyVICKY BAILEY
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
Nancy PfundNANCY PFUND
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
Dr Noel BakhtianDR NOEL BAKHTIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Mike BootsMIKE BOOTS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Dr Mung ChiangDR MUNG CHIANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Noelle LangNOELLE LANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Hon Kathleen McGintyHON KATHLEEN MCGINTY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Tomeka McLeodTOMEKA MCLEOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Jason WalshJASON WALSH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Rudolph WynterRUDOLPH WYNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
-
Hon Rita BaranwalHON RITA BARANWAL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 31 July 2025
- IRS schema version
- 2024v5.2
- Source object
- 202522129349301707
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