Civic Intelligence

Texas Hydrogen Alliance

990 • Fiscal year 2023 • EIN 87-3296151

Jan 01, 2023 to Dec 31, 2023 • Filed on May 21, 2024

8120 Research Blvd 216Austin, TX 78758

(979) 270-2045

Siviq Scores

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

Liabilities / Assets

46th percentile

0.00x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.00x

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

85th percentile

23%

Higher net margin than 85% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

73rd percentile

$0

Higher top officer pay than 73% of similar nonprofits.

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

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

96th percentile

101%

Faster asset growth than 96% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

96th percentile

156%

Faster revenue growth than 96% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Flat

$71,441

Flat from 2023

Net Assets

Flat

$71,441

Flat from 2023

Liabilities

Flat

$0

Flat from 2023

Revenue

Flat

$242,814

Flat from 2023

Expenses

Flat

$185,994

Flat from 2023

Net Income

Flat

$56,820

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$200K$150K$100K$50K$0Assets 2022: $35,621Liabilities 2022: $21,000Net Assets 2022: $14,6212022Assets 2023: $71,441Liabilities 2023: $0Net Assets 2023: $71,4412023Assets 2023: $71,441Liabilities 2023: $0Net Assets 2023: $71,4412023Assets 2024: $173,039Liabilities 2024: $0Net Assets 2024: $173,0392024

Highlighted filing

2023

Assets$71,441
Liabilities$0
Net Assets$71,441

Operations Trend

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

$400K$300K$200K$100K$0Revenue 2022: $95,000Expenses 2022: $78,425Net Income 2022: $16,5752022Revenue 2023: $242,814Expenses 2023: $185,994Net Income 2023: $56,8202023Revenue 2023: $242,814Expenses 2023: $185,994Net Income 2023: $56,8202023Revenue 2024: $382,850Expenses 2024: $281,252Net Income 2024: $101,5982024

Highlighted filing

2023

Revenue$242,814
Expenses$185,994
Net Income$56,820
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 21, 2024
Return Version
2023v5.0
Gross Receipts
$242,814
Mission and Program Overview

Mission

Our mission is to broaden and enhance the understanding of opportunities for hydrogen in texas and advocate for reshaping the states policy and regulatory framework to expedite the adoption of hydrogen technology. With the overall goal to support and maintain the states position as the energy capitol of the world, a coalition of industry leaders has assembled to pursue this task. The focus is on multiple aspects of the hydrogen industry including existing and future production, transportation and zero-emission freight movement, storage and refueling infrastructure, production and distribution of low carbon intensity (ci) hydrogen, electricity grid resiliency, energy storage, hydrogen from waste, creation of hydrogen hubs, all capitalizing on the synergies between natural gas and hydrogen. The alliance will engage with policy-makers, regulators, and the greater public in both education and advocacy activities. While the primary focus of tha will be on texas, the alliance will seek to in

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$35,621$62,834▲ $27,213
Intangible Assets-$6,953-
Land, Buildings, and Equipment, Net-$1,654-
Total Assets$35,621$71,441▲ $35,820
Liabilities
Deferred Revenue$21,000--
Total Liabilities$21,000$0▼ $21,000
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$14,621$71,441▲ $56,820
Total Net Assets Fund Balance$14,621$71,441▲ $56,820
Total Liabilities and Net Assets / Fund Balance$35,621$71,441▲ $35,820

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,654$28$1,682
Compensation and Service Providers

Board Members and Trustees

NameTitle
Adam MckinneyChairman
Bill ZobelVice Chairma
Isabel CastroSecretary
Michael MartinezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$242,814
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$56,820
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$185,994
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management---$113,828
Fees for Services Lobbying---$57,508
Travel---$4,953
Fees for Services Accounting---$4,075
Office Expenses---$3,853
Insurance---$772
Depreciation Depletion---$525
Advertising---$480
Total Functional Expenses$0$0$0$185,994
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

ORGANIZED WITH MEMBERS

Form 990, Page 6, Part VI, Line 7A

At the annual meeting of the members of the alliance, directors are elected for a period of one year or until replaced by the board of directors.

Form 990, Page 6, Part VI, Line 7B

The board of directors makes all the decisions for the membership.

Form 990, Page 6, Part VI, Line 11B

Once the tax return is completed by the alliances cpa, it is reviewed by the treasurer and the executive director.

Form 990, Page 6, Part VI, Line 15A

The compensation for the executive director is determined by the officers of the board of directors.

Form 990, Page 6, Part VI, Line 19

When a request is made by the genreal public, the governing documents are made available in person or by email.

Filing and Contact Details

Filer

Filer Name
Texas Hydrogen Alliance
EIN
87-3296151
Phone
9792702045
Address
8120 RESEARCH BLVD 216, AUSTIN, TX 78758

Signing Officer

Name
Michael Martinez
Title
Treasurer
Phone
9792702045
Signed
2024-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Adam Mckinney
Formed
2021
Voting Board Members
10
Independent Board Members
10
Employees
0

Preparer

Firm
L G Harrison LLC
Address
1416A STONEHOLLOW DRIVE, KINGWOOD, TX 77339-2492
Preparer
Lynda G Harrison CPA
Phone
2815481040
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Our mission is to broaden and enhance the understanding of opportunities for hydrogen in texas and advocate for reshaping the states policy and regulatory framework to expedite the adoption of hydrogen technology. With the overall goal to support and maintain the states position as the energy capitol of the world, a coalition of industry leaders has assembled to pursue this task. The focus is on multiple aspects of the hydrogen industry including existing and future production, transportation and zero-emission freight movement, storage and refueling infrastructure, production and distribution of low carbon intensity (ci) hydrogen, electricity grid resiliency, energy storage, hydrogen from waste, creation of hydrogen hubs, all capitalizing on the synergies between natural gas and hydrogen. The alliance will engage with policy-makers, regulators, and the greater public in both education and advocacy activities. While the primary focus of tha will be on texas, the alliance will seek to influence federal activities relative to hydrogen where and when appropriate with coordination and communication with other national efforts. Fundamentally, the alliance will provide a foundation for collaborative dialog with industry and technology experience needed to establish and capitalize opportunities for hydrogen and partner with other enterprises in texas focusing on economic growth.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OUR MISSION IS TO BROADEN AND ENHANCE THE UNDERSTANDING OF OPPORTUNITIES FOR HYDROGEN IN TEXAS AND ADVOCATE FOR RESHAPING THE STATES POLICY AND REGULATORY FRAMEWORK TO EXPEDITE THE ADOPTION OF HYDROGEN TECHNOLOGY. WITH THE OVERALL GOAL TO SUPPORT AND MAINTAIN THE STATES POSITION AS THE ENERGY CAPITOL OF THE WORLD, A COALITION OF INDUSTRY LEADERS HAS ASSEMBLED TO PURSUE THIS TASK. THE FOCUS IS ON MULTIPLE ASPECTS OF THE HYDROGEN INDUSTRY INCLUDING EXISTING AND FUTURE PRODUCTION, TRANSPORTATION AND ZERO-EMISSION FREIGHT MOVEMENT, STORAGE AND REFUELING INFRASTRUCTURE, PRODUCTION AND DISTRIBUTION OF LOW CARBON INTENSITY (CI) HYDROGEN, ELECTRICITY GRID RESILIENCY, ENERGY STORAGE, HYDROGEN FROM WASTE, CREATION OF HYDROGEN HUBS, ALL CAPITALIZING ON THE SYNERGIES BETWEEN NATURAL GAS AND HYDROGEN. THE ALLIANCE WILL ENGAGE WITH POLICY-MAKERS, REGULATORS, AND THE GREATER PUBLIC IN BOTH EDUCATION AND ADVOCACY ACTIVITIES. WHILE THE PRIMARY FOCUS OF THA WILL BE ON TEXAS, THE ALLIANCE WILL SEEK TO INFLUENCE FEDERAL ACTIVITIES RELATIVE TO HYDROGEN WHERE AND WHEN APPROPRIATE WITH COORDINATION AND COMMUNICATION WITH OTHER NATIONAL EFFORTS. FUNDAMENTALLY, THE ALLIANCE WILL PROVIDE A FOUNDATION FOR COLLABORATIVE DIALOG WITH INDUSTRY AND TECHNOLOGY EXPERIENCE NEEDED TO ESTABLISH AND CAPITALIZE OPPORTUNITIES FOR HYDROGEN AND PARTNER WITH OTHER ENTERPRISES IN TEXAS FOCUSING ON ECONOMIC GROWTH.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ORGANIZED WITH MEMBERS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE ANNUAL MEETING OF THE MEMBERS OF THE ALLIANCE, DIRECTORS ARE ELECTED FOR A PERIOD OF ONE YEAR OR UNTIL REPLACED BY THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE BOARD OF DIRECTORS MAKES ALL THE DECISIONS FOR THE MEMBERSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ONCE THE TAX RETURN IS COMPLETED BY THE ALLIANCES CPA, IT IS REVIEWED BY THE TREASURER AND THE EXECUTIVE DIRECTOR.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE OFFICERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6WHEN A REQUEST IS MADE BY THE GENREAL PUBLIC, THE GOVERNING DOCUMENTS ARE MADE AVAILABLE IN PERSON OR BY EMAIL.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7A
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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ReturnHeader/PreparerPersonGrp/PhoneNum02815481040
ReturnHeader/PreparerPersonGrp/PreparationDt02024-05-21
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LYNDA G HARRISON CPA
ReturnHeader/ReturnTs02024-05-21T10:28:53-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MARTINEZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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