2024-02-19T16:21:17-07:00 2023-05-31 990 2022-06-01 223018053 AHEAD ENERGY CORPORATION AHEA 5857492716 285 Metro Park Rochester NY 14623 Malcolm Grieve Acting Treasurer 5857496132 2024-02-18 Malcolm Grieve 999009999 1 1 11 0 AAL2 2022 2023-04-26 12:10:37Z Malcolm J Grieve 29 Split Rock Rd Pittsford NY 14534 460888 0 X www.aheadenergy.org X 1988 NY AHEAD Energy is focused on R&D, development and demonstration of climate friendly energy systems for remote/off-grid areas. AHEAD was formed in 1988 to consult on and implement energy systems in underserved, off-grid areas of Africa. We now have a more global focus, related to the transition to wind and solar power, and hydrogen/fuel cells (including renewable hydrogen carriers such as methanol and ammonia), plus other forms of storage including batteries and thermal energy storage. AHEAD owns and manages a unique multi-user facility in Rochester, NY - which is affiliated with Alfred University. AHEAD's work remains relevant to developing countries, but the technologies have potential application in remote areas in the USA and many other countries. 6 5 0 6 0 0 9000 0 276839 215091 0 0 200000 245797 485839 460888 331484 0 0 0 0 57139 0 0 0 0 155681 331484 212820 154355 248068 1383975 1619039 1206731 1193727 177244 425312 AHEAD Energy is focused on R&D, development and demonstration of efficient, resilient, low-carbon microgrid solutions. AHEAD was founded in 1988 to consult and implement energy systems in off-grid, underserved areas, particularly in Africa. We now have a more global focus, and our vision can also be applied to remote areas of the USA and other developed countries. AHEAD owns and operates a unique, multiuser facility in Rochester, NY, which is a Start Up NY facility affiliated with Alfred University. 0 0 192820 0 215092 Maintained and operated our R&D facility for current users and their projects. A previous Asset Retirement Obligation was partially reversed, based on an option to cancel period expiring with a facility user, who restarted the labs for fuel cell and electrolyzer membrane R&D. The building and its infrastructure are now being carried at a value consistent with a recent appraisal, and is held for sale to free up assets for R&D and demonstration projects, or to develop a smaller facility which is suitable for vocational training. 19000 0 245797 Purge labs, scrapping or donating certain test stand equipment to Alfred University, in preparation for new facility user - for R&D and demonstration of low carbon technologies. Building may be sold or refinanced in 2023. 1000 0 0 Member and board participation in the Ammonia Energy Association, a group which is supporting the use of ammonia as a carbon-free energy carrier made from hydrogen (from electrolyzers) and nitrogen (from air separation). An objective is to make AHEAD's facility available for system integration and demonstration of ammonia-based microgrid solutions. 0 0 0 212820 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 5 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 6 5 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 NY X X Eleanor Rusling 5857492716 285 Metro Park Rochester NY 14623 Eleanor Rusling Executive Director 20 X 36000 0 0 Malcolm Grieve Chairman and Acting Treasurer 20 X X 0 0 0 Manfred Niethammer Vice Chairman 2 X X 0 0 0 David Johnston Director 2 X 0 0 0 Colonel Johann Clendenin Director 2 X 0 0 0 Paul Jordan Director 2 X 0 0 0 Professor Tom Zawodzinski Director 2 X 0 0 0 36000 0 0 0 0 0 0 0 0 R&D and demonstration facility user charges 541712 208247 208247 0 0 Billable expenditure revenue - lab equipment repurposing 541712 6844 6844 0 0 0 0 0 0 215091 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Reversal of provision on building and equipment 541712 238594 238594 0 0 Reimbursement of expenses for removal of equipment donated to Alfred University 541712 7203 7203 0 0 0 0 0 0 245797 460888 460888 0 0 0 0 0 0 0 0 0 0 36000 36000 0 0 0 0 0 0 21139 21139 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 9436 9436 0 0 763 763 0 0 0 0 0 0 0 0 0 0 0 0 1481 1481 0 0 32 32 0 0 15647 15647 0 0 0 0 0 0 0 0 0 34633 34633 0 300 300 0 0 0 0 0 0 0 0 65790 65790 0 0 0 0 0 0 0 0 0 0 14835 14835 0 0 Repairs & Maintenance 12764 12764 0 0 0 0 0 212820 212820 0 0 99629 87944 0 0 0 0 26088 3690 0 0 1527405 0 1253283 1527405 4975 1383975 1619039 19341 24999 956346 936035 0 0 231044 232693 1206731 1193727 X 0 0 0 0 177244 425312 177244 425312 1383975 1619039 248068 0 0 0 0 0 X 0 0 0 X 0 0 100000 200000 200000 500000 1639 132804 170827 276839 215092 797201 0 0 0 45797 45797 0 0 0 0 0 0 0 0 1639 132804 270827 476839 460889 1342998 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1342998 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1639 132804 270827 476839 460889 1342998 1 1 0 0 X Schedule A, Part II, Line 10 We reversed a provision that had been taken against the building and contents. During the fiscal year, a facility user (who is developing low-cost membranes for electrolyzer and fuel cell applications), added significant revenue - so that full facility costs are covered. The carrying value of the building and its contents are now consistent with a recent detailed appraisal, and a purchase offer received during the fiscal year. Schedule A, Part II, Line 12 We transferred a small amount of R&D equipment to Alfred University (with whom we are affiliated). The book value of the equipment was essentially equal to the cost of removing the equipment, and the liquidation value was deemed to be de minimis. Schedule A, Part III, Line 12 Other revenue relates to a transfer of equipment to Alfred University (with whom we are affiliated). The book value of this equipment was essentially the same as the cost of removing the equipment. 150000 0 150000 1120000 0 0 1120000 0 0 0 0 252430 0 0 252430 4975 0 0 4975 1527405 0 SBA Loan 07-2020 08-2021 232693 232693 Schedule D, Part VI, Line 1b AHEAD owns and operates a unique R&D center, as a StartUp NY facility affiliated with Alfred University. The COVID pandemic was disruptive to AHEAD's revenues at the site, by delaying contracts with prospective users. We had taken conservative provisions against the value of the building and equipment, however in the current fiscal year: (a) the site became fully utilized, (b) a detailed appraisal valued the building and land at $1.4 to 1.44 million, and (c) a purchase offer was received at a premium to this appraisal. So we reversed part of the prior provision, to be consistent with this appraisal, and consider the site held for sale. Schedule D, Part VI, Line 1d AHEAD owns and operates a unique R&D center, as a StartUp NY facility affiliated with Alfred University. The COVID pandemic was disruptive to AHEAD's revenues at the site, by delaying contracts with prospective users. We had taken conservative provisions against the value of the building and equipment, however in the current fiscal year: (a) the site became fully utilized, and (c) a purchase offer was received at a premium to book value. So we reversed a prior provision against equipment, and consider the site and equipment held for sale. Form 990, Part VI, Section A, Line 2 Executive Director Eleanor M Rusling is married to Chairman Malcolm J Grieve. Form 990, Part VI, Section B, Line 11b Quickbooks reports are sent to board members by email and are available in a corporate DropBox. Form 990 tax returns are available in a corporate DropBox, which is communicated by email. Current and prior year tax returns are available online, through the New York State charities bureau. Form 990, Part VI, Section B, Line 12c Board members and officers are required to report any conflicts of interest on an annual basis. None were reported. Form 990, Part VI, Section B, Line 15 The Executive Director is paid as a consultant at a rate of $3000 per month. This was approved by the independent members of the board in 2018 and has not increased since then. All other officers and directors are volunteers. There are no employees. Form 990, Part VI, Section C, Line 19 AHEAD Energy Corporation's governing documents, conflict of interest policy, and financial statements available to the public during the tax year upon request at its office headquarters at 285 Metro Park, Rochester, NY 14623 Attention: Executive Director