Civic Intelligence

Hydrogen Education Foundation

990EZ • Fiscal year 2014 • EIN 20-5020384

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 21, 2015

1211 Connecticut Ave NWRoom/Suite 650Washington, DC 20036

(202) 223-5547

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

97th percentile

2.43x

Higher debt load relative to assets than 97% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

95th percentile

0.96x

Higher debt load relative to revenue than 95% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

72nd percentile

16%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

14th percentile

-31%

Faster asset growth than 14% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Revenue Growth

12th percentile

-38%

Faster revenue growth than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Assets

Down

$22,390

Down $25,070 (-53%) from 2012

Net Assets

Down

-$32,050

Down $24,131 (-305%) from 2012

Liabilities

Down

$54,440

Down $939 (-1.7%) from 2012

Revenue

Down

$56,963

Down $92,607 (-62%) from 2012

Expenses

Down

$48,087

Down $110,379 (-70%) from 2012

Net Income

Up

$8,876

Up $17,772 (+200%) from 2012

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150K$100K$50K$0-$50KAssets 2010: $106,594Liabilities 2010: $52,669Net Assets 2010: $53,9252010Assets 2011: $56,291Liabilities 2011: $55,314Net Assets 2011: $9772011Assets 2012: $47,460Liabilities 2012: $55,379Net Assets 2012: -$7,9192012Assets 2014: $22,390Liabilities 2014: $54,440Net Assets 2014: -$32,0502014Assets 2015: $22,254Liabilities 2015: $54,358Net Assets 2015: -$32,1042015Assets 2016: $842Liabilities 2016: $444Net Assets 2016: $3982016Assets 2017: $22,573Liabilities 2017: $35Net Assets 2017: $22,5382017

Highlighted filing

2014

Assets$22,390
Liabilities$54,440
Net Assets-$32,050

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KExpenses 2010: $438,8972010Revenue 2011: $94,224Expenses 2011: $147,172Net Income 2011: -$52,9482011Revenue 2012: $149,570Expenses 2012: $158,466Net Income 2012: -$8,8962012Revenue 2014: $56,963Expenses 2014: $48,087Net Income 2014: $8,8762014Revenue 2015: $25,900Expenses 2015: $25,955Net Income 2015: -$552015Revenue 2016: $63,109Expenses 2016: $30,607Net Income 2016: $32,5022016Revenue 2017: $1,051,698Expenses 2017: $1,029,558Net Income 2017: $22,1402017

Highlighted filing

2014

Revenue$56,963
Expenses$48,087
Net Income$8,876
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 21, 2015
Return Version
2014v5.0
Gross Receipts
$56,963
Mission and Program Overview

Mission

The hydrogen education foundation promotes hydrogen energy technologies through student scholarships, innovative national championships, and educational programs to encourage environmental stewardship, improve energy security, and create green jobs.

Program Services

DescriptionGrantsExpenses
THE H-PRIZE, ENACTED BY CONGRESS, AUTHORIZED THE SECRETARY OF ENERGY TO CREATE A PROGRAM TO COMPETITIVELY AWARD CASH PRIZES THAT WILL ADVANCE THE COMMERCIAL APPLICATION OF HYDROGEN ENERGY TECHNOLOGIES BY DRAMATIZING AND INCENTIVIZING ACCELERATED RESEARCH. THE H-PRIZE WAS ORIGINALLY ESTABLISHED BY THE ENERGY INDEPENDENCE AND SECURITY ACT OF 2007, IN SEC. 654. THERE ARE SEVERAL H-PRIZE CATEGORIES, INCLUDING PRODUCTION, STORAGE, DISTRIBUTION, UTILIZATION, AND PROTOTYPES AND TRANSFORMATIONAL TECHNOLOGIES.-$19,693
HYDROGEN STUDENT DESIGN CONTEST: AN EDUCATIONAL EFFORT TO STIMULATE COLLEGE STUDENTS TO THINK ABOUT HYDROGEN AND DEVELOP INNOVATIVE TECHNOLOGY TO BE SHOWCASED. THE CONTEST WILL CREATE A FORUM FOR UNIVERSITY LEVEL STUDENTS STUDYING A VARIETY OF DISCIPLINES TO APPLY THEIR ACADEMIC SKILLS AND CREATIVITY TO THE DESIGN OF A HYDROGEN SYSTEM. HEF ANTICIPATES THAT EACH YEAR, BASED ON A DIFFERENT THEME, DOZENS OF MULTI-DISCIPLINARY STUDENT TEAMS FROM AROUND THE WORLD WILL DESIGN A COMPREHENSIVE HYDROGEN SYSTEM THAT IS EVALUATED BY A TEAM OF JUDGES BASED ON THE AESTHETIC DESIGN, ENGINEERING, ECONOMIC VIABILITY, ENVIRONMENTAL IMPACT, SAFETY AND MARKETABILITY.-$18,182
WASHINGTON FUEL CELL SUMMIT: A ONE DAY SEMINAR HOSTED BY THE HYDROGEN EDUCATION FOUNDATION, ON JUNE 19, 2012, WAS A GATHERING BETWEEN INDUSTRY LEADERS AND LEGISLATIVE AND AGENCY PERSONNEL TO ENGAGE IN AN OPEN EXCHANGE OF INFORMATION AND DIALOGUE AROUND THE REMAINING CHALLENGES AND OBSTACLES TO LARGE-SCALE INTRODUCTION OF HYDROGEN AND FUEL CELL TECHNOLOGY INTO THE MARKETPLACE. PUBLIC PERCEPTION AND AWARENESS ARE KEY CHALLENGES THAT REMAIN UNFULFILLED. THIS EVENT SATISFIES A KEY OBJECTIVE OF THE HEF, WHICH IS TO ESTABLISH PROGRAMS AND OUTREACH ACTIVITIES, LIKE THE FUEL CELL SUMMIT, THAT ENCOURAGE ENVIRONMENTAL STEWARDSHIP, IMPROVE ENERGY SECURITY, AND CREATE GREEN JOBS.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFFREY SERFASSPresident-$0--
PATRICK SERFASSVice PresidePT$0--
ANTHONY BOCCANFUSOChair-$0--
MICHAEL MCGOWANDirector-$0--
MARIA CURRY-NKANSAHDirector-$0--
JAY LASKINTreasurer-$0--
BRIAN SCHORRSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Hydrogen Education Foundation
EIN
20-5020384
Phone
2022235547
Address
1211 CONNECTICUT AVE NW, ROOM/SUITE 650, WASHINGTON, DC 20036

Signing Officer

Name
Patrick Serfass
Title
Vice President
Phone
2022235547
Signed
2015-07-21

Preparer

Firm
Rlg Tax Advisors LLC
Address
5100 27TH RD N, ARLINGTON, VA 22207-1723
Preparer
Robert L Grohs CPA
Phone
7035937391
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses bank fees 132 student design contest 18,182 h-prize 19,693 total 38,007

Form 990-ez, Part II, Line 24

Accounts receivable 0 21,441 total 0 21,441

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 42,221 54,440

Form 990-ez, Part III

The hydrogen education foundation promotes hydrogen energy technologies through student scholarships, innovative national championships, and educational programs to encourage environmental stewardship, improve energy security, and create green jobs.

Form 990-ez, Part III, Line 28

Hydrogen student design contest: an educational effort to stimulate college students to think about hydrogen and develop innovative technology to be showcased. The contest will create a forum for university level students studying a variety of disciplines to apply their academic skills and creativity to the design of a hydrogen system. Hef anticipates that each year, based on a different theme, dozens of multi-disciplinary student teams from around the world will design a comprehensive hydrogen system that is evaluated by a team of judges based on the aesthetic design, engineering, economic viability, environmental impact, safety and marketability.

Form 990-ez, Part III, Line 29

The h-prize, enacted by congress, authorized the secretary of energy to create a program to competitively award cash prizes that will advance the commercial application of hydrogen energy technologies by dramatizing and incentivizing accelerated research. The h-prize was originally established by the energy independence and security act of 2007, in sec. 654. There are several h-prize categories, including production, storage, distribution, utilization, and prototypes and transformational technologies.

Form 990-ez, Part III, Line 30

Washington fuel cell summit: a one day seminar hosted by the hydrogen education foundation, on june 19, 2012, was a gathering between industry leaders and legislative and agency personnel to engage in an open exchange of information and dialogue around the remaining challenges and obstacles to large-scale introduction of hydrogen and fuel cell technology into the marketplace. Public perception and awareness are key challenges that remain unfulfilled. This event satisfies a key objective of the hef, which is to establish programs and outreach activities, like the fuel cell summit, that encourage environmental stewardship, improve energy security, and create green jobs.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1THE H-PRIZE, ENACTED BY CONGRESS, AUTHORIZED THE SECRETARY OF ENERGY TO CREATE A PROGRAM TO COMPETITIVELY AWARD CASH PRIZES THAT WILL ADVANCE THE COMMERCIAL APPLICATION OF HYDROGEN ENERGY TECHNOLOGIES BY DRAMATIZING AND INCENTIVIZING ACCELERATED RESEARCH. THE H-PRIZE WAS ORIGINALLY ESTABLISHED BY THE ENERGY INDEPENDENCE AND SECURITY ACT OF 2007, IN SEC. 654. THERE ARE SEVERAL H-PRIZE CATEGORIES, INCLUDING PRODUCTION, STORAGE, DISTRIBUTION, UTILIZATION, AND PROTOTYPES AND TRANSFORMATIONAL TECHNOLOGIES.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES BANK FEES 132 STUDENT DESIGN CONTEST 18,182 H-PRIZE 19,693 TOTAL 38,007
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 42,221 54,440
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE HYDROGEN EDUCATION FOUNDATION PROMOTES HYDROGEN ENERGY TECHNOLOGIES THROUGH STUDENT SCHOLARSHIPS, INNOVATIVE NATIONAL CHAMPIONSHIPS, AND EDUCATIONAL PROGRAMS TO ENCOURAGE ENVIRONMENTAL STEWARDSHIP, IMPROVE ENERGY SECURITY, AND CREATE GREEN JOBS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4HYDROGEN STUDENT DESIGN CONTEST: AN EDUCATIONAL EFFORT TO STIMULATE COLLEGE STUDENTS TO THINK ABOUT HYDROGEN AND DEVELOP INNOVATIVE TECHNOLOGY TO BE SHOWCASED. THE CONTEST WILL CREATE A FORUM FOR UNIVERSITY LEVEL STUDENTS STUDYING A VARIETY OF DISCIPLINES TO APPLY THEIR ACADEMIC SKILLS AND CREATIVITY TO THE DESIGN OF A HYDROGEN SYSTEM. HEF ANTICIPATES THAT EACH YEAR, BASED ON A DIFFERENT THEME, DOZENS OF MULTI-DISCIPLINARY STUDENT TEAMS FROM AROUND THE WORLD WILL DESIGN A COMPREHENSIVE HYDROGEN SYSTEM THAT IS EVALUATED BY A TEAM OF JUDGES BASED ON THE AESTHETIC DESIGN, ENGINEERING, ECONOMIC VIABILITY, ENVIRONMENTAL IMPACT, SAFETY AND MARKETABILITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE H-PRIZE, ENACTED BY CONGRESS, AUTHORIZED THE SECRETARY OF ENERGY TO CREATE A PROGRAM TO COMPETITIVELY AWARD CASH PRIZES THAT WILL ADVANCE THE COMMERCIAL APPLICATION OF HYDROGEN ENERGY TECHNOLOGIES BY DRAMATIZING AND INCENTIVIZING ACCELERATED RESEARCH. THE H-PRIZE WAS ORIGINALLY ESTABLISHED BY THE ENERGY INDEPENDENCE AND SECURITY ACT OF 2007, IN SEC. 654. THERE ARE SEVERAL H-PRIZE CATEGORIES, INCLUDING PRODUCTION, STORAGE, DISTRIBUTION, UTILIZATION, AND PROTOTYPES AND TRANSFORMATIONAL TECHNOLOGIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WASHINGTON FUEL CELL SUMMIT: A ONE DAY SEMINAR HOSTED BY THE HYDROGEN EDUCATION FOUNDATION, ON JUNE 19, 2012, WAS A GATHERING BETWEEN INDUSTRY LEADERS AND LEGISLATIVE AND AGENCY PERSONNEL TO ENGAGE IN AN OPEN EXCHANGE OF INFORMATION AND DIALOGUE AROUND THE REMAINING CHALLENGES AND OBSTACLES TO LARGE-SCALE INTRODUCTION OF HYDROGEN AND FUEL CELL TECHNOLOGY INTO THE MARKETPLACE. PUBLIC PERCEPTION AND AWARENESS ARE KEY CHALLENGES THAT REMAIN UNFULFILLED. THIS EVENT SATISFIES A KEY OBJECTIVE OF THE HEF, WHICH IS TO ESTABLISH PROGRAMS AND OUTREACH ACTIVITIES, LIKE THE FUEL CELL SUMMIT, THAT ENCOURAGE ENVIRONMENTAL STEWARDSHIP, IMPROVE ENERGY SECURITY, AND CREATE GREEN JOBS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART III, LINE 30
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