Civic Intelligence

Future Energies Foundation

EIN 93-3025007 • 501(c)3 • Pearland, TX

NTEE C35

Profile

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

11601 Shadow Creek Pkwy Suite 111-1Pearland, TX 77584
Siviq Scores

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

Liabilities / Assets

85th percentile

0.29x

Higher debt load relative to assets than 85% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

80th percentile

0.08x

Higher debt load relative to revenue than 80% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

46th percentile

0.0%

Higher net margin than 46% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

10th percentile

-91%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-73%

Faster revenue growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets85th percentile

Assets

Down

$24,700

Down $238,754 (-91%) from 2023

Liabilities

Down

$7,200

Down $252,253 (-97%) from 2023

Net Assets

Up

$17,500

Up $13,499 (+337%) from 2023

Operations
Liabilities / Revenue80th percentileNet Margin46th percentile

Revenue

Down

$94,500

Down $259,000 (-73%) from 2023

Expenses

Down

$94,500

Down $254,999 (-73%) from 2023

Net Income

Down

$0

Down $4,001 (-100%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth10th percentile

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

$300K$200K$100K$0Assets 2023: $263,454Liabilities 2023: $259,453Net Assets 2023: $4,0012023Assets 2024: $24,700Liabilities 2024: $7,200Net Assets 2024: $17,5002024

Highlighted filing

2024

Assets$24,700
Liabilities$7,200
Net Assets$17,500
Open 2024 Filing

Operations Trend

Revenue Growth10th percentile

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

$400K$300K$200K$100K$0Revenue 2023: $353,500Expenses 2023: $349,499Net Income 2023: $4,0012023Revenue 2024: $94,500Expenses 2024: $94,500Net Income 2024: $02024

Highlighted filing

2024

Revenue$94,500
Expenses$94,500
Net Income$0
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$24,700
Liabilities
$7,200
Net assets
$17,500
Revenue
$94,500
Expenses
$94,500
Net income
$0
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.07$0.18$0.95$0.95$0.00
2023Detailed filing. Detailed filing data is available for this year.$2.63$2.59$0.04$3.54$3.49$0.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 19, 2025
Return Version
2024v5.2
Gross Receipts
$94,500
Mission and Program Overview

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$3,454$20,000▲ $16,546
Rtn Earn Endowment Incm Other Fnds$4,001$17,500▲ $13,499
Accounts Receivable$260,000$3,500▼ $256,500
Prepaid Expenses and Deferred Charges-$1,200-
Total Assets$263,454$24,700▼ $238,754
Liabilities
Accounts Payable and Accrued Expenses$259,453$7,200▼ $252,253
Total Liabilities$259,453$7,200▼ $252,253
Net Assets / Fund Balance
Total Net Assets Fund Balance$4,001$17,500▲ $13,499
Total Liabilities and Net Assets / Fund Balance$263,454$24,700▼ $238,754
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Vidya Sagar ASALAPURAMPresident
Balu JegganathanVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$94,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$94,500
Change in Net Assets
$0
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$63,000
Other Expenses$22,000
Professional Fundraising Fees$9,500
Total Fundraising Expense$9,500
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$63,000--$63,000
Fees for Services Management-$20,000-$20,000
Fees for Services Professional Fundraising--$9,500$9,500
Office Expenses-$2,000-$2,000
Total Functional Expenses$63,000$22,000$9,500$94,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Governing body meeting documentation Part VI line 8A

“Meeting has been documented”

Committee meeting documentation Part VI line 8B

“Meeting has been documented”

Form 990 governing body review Part VI line 11

“This has been documented and policy has been attached.”

Governing documents etc available to public Part VI line 19

“Yes, Financial statements has been made available to public.”

Filing and Contact Details

Filer

Filer Name
Future Energies Foundation
EIN
93-3025007
In Care Of
% Vidya Sagar ASALAPURAM
Phone
8324515589
Address
11601 Shadow Creek Pkwy Suite 111-1, Pearland, TX 77584

Signing Officer

Name
Vidya Sagar Asalapuram
Title
President
Phone
8324515589
Signed
2025-03-19
Discuss with paid preparer
No

Organization Details

Formed
2023
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
0

Preparer

Firm
Shikha Gupta CPA LLC
Address
410 W Grand Pkwy S St 210, Katy, TX 77494
Preparer
Shikha Gupta
Phone
2818568816
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