Civic Intelligence

Future Energies Foundation

990 • Fiscal year 2023 • EIN 93-3025007

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 22, 2024

Organization Profile
2918 Silhouette Bay DrPearland, TX 77584

(832) 451-5589

Siviq Scores

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

Liabilities / Assets

94th percentile

0.98x

Higher debt load relative to assets than 94% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Liabilities / Revenue

92nd percentile

0.73x

Higher debt load relative to revenue than 92% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Net Margin

38th percentile

1.1%

Higher net margin than 38% of similar nonprofits.

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Top Officer Pay

83rd percentile

$0

Higher top officer pay than 83% of similar nonprofits.

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

2023 filings • NTEE C • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Balance Sheet
Liabilities / Assets94th percentile

Assets

$263,454

No earlier filing loaded for comparison.

Net Assets

$4,001

No earlier filing loaded for comparison.

Liabilities

$259,453

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin38th percentile

Revenue

$353,500

No earlier filing loaded for comparison.

Expenses

$349,499

No earlier filing loaded for comparison.

Net Income

$4,001

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$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

2023

Assets$263,454
Liabilities$259,453
Net Assets$4,001
Open 2023 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$353,500
Expenses$349,499
Net Income$4,001
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 22, 2024
Return Version
2023v5.0
Gross Receipts
$353,500
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
Accounts Receivable-$260,000-
Rtn Earn Endowment Incm Other Fnds-$4,001-
Savings and Temporary Cash Investments-$3,454-
Total Assets$0$263,454▲ $263,454
Liabilities
Accounts Payable and Accrued Expenses-$259,453-
Total Liabilities$0$259,453▲ $259,453
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$4,001▲ $4,001
Total Liabilities and Net Assets / Fund Balance$0$263,454▲ $263,454
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Vidya Sagar ASALAPURAMPresident
Balu JegganathanVice President
Revenue and Support

Revenue Composition

Contributions and Grants
$353,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$353,500
Change in Net Assets
$4,001
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$349,499
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 Other$348,499--$348,499
Fees for Services Accounting$1,000--$1,000
Total Functional Expenses$349,499$0$0$349,499
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
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
Address
2918 SILHOUETTE BAY DR, Pearland, TX 77584

Signing Officer

Name
Vidya Sagar ASALAPURAM
Title
Director
Phone
8324515589
Signed
2024-02-22
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 Ste 210, Katy, TX 77494
Preparer
Shikha Gupta
Phone
2818568816
Supplemental Narrative

Additional Explanations

List of other fees for services expenses Part IX line 11G

“Bank Service Charge - $100Air Freight & Battery Mgt - $89945Turnkey Supply and Mgt services - $215000Battery Mgt Services - $43453.8”

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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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ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$263,454
Liabilities
$259,453
Net assets
$4,001
Revenue
$353,500
Expenses
$349,499
Net income
$4,001
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