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Nonprofit · EIN 93-3025007

FUTURE ENERGIES FOUNDATION

Tax-exempt · PEARLAND, TX 77584

Financials

$354K$349K2023$95K$95K2024
Revenue Expenses · by fiscal year end
Financials of FUTURE ENERGIES FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$94,500$94,500$0$24,700$7,200$17,500
December 31, 2023990$353,500$349,499$4,001$263,454$259,453$4,001
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$94,500
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$63,000
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$9,500
Program services (functional)
$63,000
Management and general (functional)
$22,000
Fundraising (functional)
$9,500

Balance sheet and other

Total assets, start of year
$263,454
Total assets, end of year
$24,700
Total liabilities, end of year
$7,200
Net assets, end of year
$17,500
Gross receipts
$94,500
Employees
0
Year formed
2023
State of legal domicile
TX

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
BALU JEGGANATHANVice President
Officer
0$0
Vidya Sagar ASALAPURAMPresident
Officer
0$0
990 for the year ended December 31, 2023: 2 people
NameTitleHours / weekCompensation
Vidya Sagar ASALAPURAMPresident
Officer
0$0
BALU JEGGANATHANVice President
Officer
0$0

Address and contacts

Address (IRS master file)
11601 SHADOW CREEK PKWY SUITE 111-1, PEARLAND, TX 77584-7284
In care of
% VIDYA SAGAR ASALAPURAM
Signed the 990
VIDYA SAGAR ASALAPURAM, President
Phone
(832) 451-5589
Return prepared by
Shikha Gupta CPA LLC

Mission

To serve as a scientific platform that can foster change in public society by helping innovative Clean Technologies partners accelerate their solutions for development of innovative scientific solutions in Clean Energy and Renewable Technology space

990 for the year ended December 31, 2024

Program accomplishments

  • Through this program, we deployed a Battery Energy Storage System for studying the impact of using innovative lithium-ion battery cells for energy storage and their longevity in extreme conditions.
    Expenses $63,000 · revenue $78,350

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, 2024990 on file

IRS record

EIN
93-3025007
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Environment (C35)
Assets (IRS master file)
$24,700
Income (IRS master file)
$94,500

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$94,500$94,500$24,700XML
990December 2023$353,500$349,499$263,454XML

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 93-3025007).

Questions about FUTURE ENERGIES FOUNDATION

What is the EIN of FUTURE ENERGIES FOUNDATION?
The employer identification number (EIN) of FUTURE ENERGIES FOUNDATION is 93-3025007.
Is FUTURE ENERGIES FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
Are donations to FUTURE ENERGIES FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FUTURE ENERGIES FOUNDATION 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 ENERGIES FOUNDATION 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 ENERGIES FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of FUTURE ENERGIES FOUNDATION?
The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
How much revenue does FUTURE ENERGIES FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $94,500, expenses of $94,500 and total assets of $24,700 at year end.

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