Civic Intelligence

Heat Is Power Association

EIN 45-2177043 • 501(c)6 • Washington, DC

Profile

The primary exempt purpose of the Heat is Power Association is to promote the common business interests and general education of the waste heat to power (WHP) industry.

10 G Street NE STE 600Washington, DC 20002

www.heatispower.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

49th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

51st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • <$500k nonprofits • Source year 2024

Net Margin

33rd percentile

-8.7%

Higher net margin than 33% of similar nonprofits.

501(c)6 • <$500k nonprofits • Source year 2024

Top Officer Pay

96th percentile

$90,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 77.7% of source-year revenue.

501(c)6 • <$500k nonprofits • Source year 2024

Asset Growth

31st percentile

-15%

Faster asset growth than 31% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

78th percentile

21%

Faster revenue growth than 78% of similar nonprofits.

501(c)6 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets49th percentile

Assets

Down

$57,688

Down $10,036 (-15%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Down

$57,688

Down $10,036 (-15%) from 2023

Operations
Liabilities / Revenue51st percentileNet Margin33rd percentile

Revenue

Up

$115,850

Up $20,060 (+21%) from 2023

Expenses

Up

$125,886

Up $36,894 (+41%) from 2023

Net Income

Down

-$10,036

Down $16,834 (-248%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth31st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$100K$50K$0Assets 2011: $51,505Liabilities 2011: $02011Assets 2012: $89,342Liabilities 2012: $02012Assets 2013: $57,325Liabilities 2013: $02013Assets 2014: $30,890Liabilities 2014: $02014Assets 2015: $8,319Liabilities 2015: $02015Assets 2022: $60,926Liabilities 2022: $0Net Assets 2022: $60,9262022Assets 2023: $67,724Liabilities 2023: $0Net Assets 2023: $67,7242023Assets 2024: $57,688Liabilities 2024: $0Net Assets 2024: $57,6882024

Highlighted filing

2024

Assets$57,688
Liabilities$0
Net Assets$57,688
Open 2024 Filing

Operations Trend

Revenue Growth78th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0-$50KRevenue 2011: $105,500Expenses 2011: $53,995Net Income 2011: $51,5052011Revenue 2012: $132,890Expenses 2012: $95,053Net Income 2012: $37,8372012Revenue 2013: $77,675Expenses 2013: $109,692Net Income 2013: -$32,0172013Revenue 2014: $32,482Expenses 2014: $58,917Net Income 2014: -$26,4352014Revenue 2015: $31,500Expenses 2015: $54,071Net Income 2015: -$22,5712015Revenue 2022: $113,957Expenses 2022: $71,105Net Income 2022: $42,8522022Revenue 2023: $95,790Expenses 2023: $88,992Net Income 2023: $6,7982023Revenue 2024: $115,850Expenses 2024: $125,886Net Income 2024: -$10,0362024

Highlighted filing

2024

Revenue$115,850
Expenses$125,886
Net Income-$10,036
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$57,688
Liabilities
$0
Net assets
$57,688
Revenue
$115,850
Expenses
$125,886
Net income
-$10,036
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.58$0.00$0.58$1.16$1.26$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.68$0.00$0.68$0.96$0.89$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.61$0.00$0.61$1.14$0.71$0.43
2015Summary only. Only limited summary data is available for this year.$0.08$0.00$0.32$0.54$0.23
2014Summary only. Only limited summary data is available for this year.$0.31$0.00$0.32$0.59$0.26
2013Summary only. Only limited summary data is available for this year.$0.57$0.00$0.78$1.10$0.32
2012Summary only. Only limited summary data is available for this year.$0.89$0.00$1.33$0.95$0.38
2011Summary only. Only limited summary data is available for this year.$0.52$0.00$1.06$0.54$0.52
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 30, 2025
Return Version
2024v5.0
Gross Receipts
$115,850
Mission and Program Overview

Mission

The primary exempt purpose of the Heat is Power Association is to promote the common business interests and general education of the waste heat to power (WHP) industry.

Program Services

DescriptionGrantsExpenses
The Heat is Power Association (HiP) focused on promoting the common business interests of the waste heat to power (WHP) industry by educating policymakers and the public about the benefits of WHP, among other activities. Accomplishments include developing new educational materials on the benefits of WHP (publicly available on the HiP website) and holding general WHP education meetings with various officials at the U.S. Department of Energy and with the staff of 36 U.S. Senators and Representatives. HiP also presented on a DOE training webinar for the Onsite Energy TAPs about the market for WHP.--
The Heat is Power Association (HiP) focused on promoting the common business interests of the waste heat to power (WHP) industry by participating in and sharing information at forums and meetings with other clean energy groups, including the Combined Heat and Power Alliance and the Clean Energy Business Network.--
The Heat is Power Association (HiP) focused on promoting the common business interests of the waste heat to power (WHP) industry by meeting with federal officials to discuss the implementation of key tax credits that incentivize/apply to certain WHP projects, among other activities. HiP held several meetings with officials at the U.S. Department of Energy and the U.S. Department of Treasury to discuss implementation of the clean electricity investment (Sec. 48E) and production (Sec. 45Y) tax credits. HiP commented on several regulatory rulemakings that have an outsize impact on the WHP industry.--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
-Executive DirectorPT$90,000-$90,000
John PrunklBoard Chair-$0--
Janice TranBoard Vice Chair-$0--
Jay BrownSecretary-$0--
Mo KlefekerTreasurer & Board Member-$0--
Colin DuncanBoard Member-$0--
Jeff EarlBoard Member-$0--
Filing and Contact Details

Filer

Filer Name
Heat Is Power
EIN
45-2177043
Phone
2022976037
Address
10 G Street NE STE 600, Washington, DC 20002

Signing Officer

Name
John Prunkl
Title
Board Chair
Phone
6302918705
Signed
2025-04-30
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 16

“Description;Amount^Bank fees for wires;640|Bank fee for depositing bounced check;12^Total;652^”

Raw XML Appendix132 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/PrimaryExemptPurposeTxt0The primary exempt purpose of the Heat is Power Association is to promote the common business interests and general education of the waste heat to power (WHP) industry.
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt2The Heat is Power Association (HiP) focused on promoting the common business interests of the waste heat to power (WHP) industry by meeting with federal officials to discuss the implementation of key tax credits that incentivize/apply to certain WHP projects, among other activities. HiP held several meetings with officials at the U.S. Department of Energy and the U.S. Department of Treasury to discuss implementation of the clean electricity investment (Sec. 48E) and production (Sec. 45Y) tax credits. HiP commented on several regulatory rulemakings that have an outsize impact on the WHP industry.
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ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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