Hydropower Foundation Inc
- Assets
- $219.8k
- Revenue
- $169.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Littleton, CO
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 52-1851292
Organization Overview
Hydropower Foundation Inc is located in Littleton, CO. The organization was established in 1996. According to its NTEE Classification (U99) the organization is classified as: Science & Technology N.E.C., under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hydropower Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Hydropower Foundation Inc generated $169.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (21.8%) each year. All expenses for the organization totaled $178.7k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (20.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION DEVELOPS RESEARCH AND EDUCATION PROGRAMS TO ADVANCE KNOWLEDGE IN AND TO BUILD AWARENESS OF THE BENEFITS OF HYDROPOWER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANT PROGRAMS: STEM EDUCATION GRANT - THE FOUNDATION IS CURRENTLY WORKING UNDER A DOE GRANT IN SUPPORT OF THE NATIONAL RENEWABLE ENERGY LABORATORY TO EDUCATE STUDENTS ABOUT HYDROPOWER, ITS BENEFITS AS AN ENERGY SOURCE, AND THE WIDE VARIETY OF CAREER OPPORTUNITIES WITHIN THE INDUSTRY. THE PROGRAM HAS WORKED WITH SECONDARY EDUCATION TEACHERS, UNIVERSITIES AND COLLEGE PROFESSORS AROUND THE COUNTRY TO PRODUCE SOURCE MATERIALS AS THEY BUILD THEIR CURRICULUMS ON HYDROPOWER AS PART OF THEIR CLEAN ENERGY PROGRAMS. THE FOUNDATION AS PART OF THIS GRANT HAS ALSO SUPPORTED THE DEVELOPMENT OF AN EDUCATION ELECTRONIC PORTAL THAT WAS LAUNCHED IN 2020. THE FOUNDATION ALSO IS SUPPORTED THROUGH A GRANT FROM A DOE GRANT THROUGH THE PACIFIC NORTHWEST NATIONAL LABORATORY. THAT GRANT PROGRAM IS WORKING WITH THE DOE TO UPDATE THE 2016 HYDROPOWER VISION BY SUPPORTING OUTREACH TO THE HYDROPOWER INDUSTRY.
THINK TANK IS AN UNDERGRADUATE RESEARCH SYMPOSIUM AT WHICH STUDENTS SOLVE REAL WORLD HYDROOWER CHALLENGES. THE FIRST WAS LAUNCHED IN 2018 IN THE SOUTHEAST WITH PLANS TO MOVE THE PROGRAM AROUND THE COUNTRY IN THE SUCCEEDING YEARS. DUE TO COVID RESTRICTIONS, IT WAS DIFFICULT TO HOST A FULL THINK TANK PROGRAM IN 2021. HOWEVER, THE FOUNDATION DID LAUNCH A CONDENSED VERSION ENTITLED THINK TANK UNPLUGGED AT THE NHA CLEAN CURRENTS CONFERENCE IN THE FALL OF 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Linda Church Ciocci Executive Director | Officer | 40 | $76,375 |
Kenneth R Odom Past President | OfficerTrustee | 5 | $0 |
Steve Wenke President | OfficerTrustee | 5 | $0 |
Norm Bishop Treasurer | OfficerTrustee | 5 | $0 |
Wendy Bley Secretary | OfficerTrustee | 5 | $0 |
Tim Brush Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,950 |
| Fundraising events | $38,665 |
| Related organizations | $0 |
| Government grants | $78,508 |
| All other contributions, gifts, grants, and similar amounts not included above | $42,191 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $203,314 |
| Total Program Service Revenue | $0 |
| Investment income | $2,371 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$36,389 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $169,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $76,375 |
| Compensation of current officers, directors, key employees. | $36,823 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $65,310 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,440 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $1,513 |
| Office expenses | $1,996 |
| Information technology | $3,988 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,830 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,395 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,367 |
| Total functional expenses | $178,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,457 |
| Savings and temporary cash investments | $75,787 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,951 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,451 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $52,253 |
| Investments—other securities | $0 |
| Investments—program-related | $79,904 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $219,803 |
| Accounts payable and accrued expenses | $8,950 |
| Grants payable | $0 |
| Deferred revenue | $31,600 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,550 |
| Net assets without donor restrictions | $71,995 |
| Net assets with donor restrictions | $107,258 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $219,803 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Hydropower Foundation Inc has recieved totaling $7,700.
| Awarding Organization | Amount |
|---|---|
Northwest Small Hydroelectric Association Lake Oswego, OR PURPOSE: OPERATIONAL SUPPORT | $7,500 |
The@avista Foundation Spokane, WA PURPOSE: EMPLOYEE MATCHING GIFT | $200 |
Endowment Analysis
| Beg. Balance | $62,482 |
| Earnings | -$10,230 |
| Ending Balance | $52,252 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Western Interstate Commission For Higher Education Boulder, CO | $21,671,158 | $19,186,814 |
Nata Board Of Certification Inc Omaha, NE | $23,217,793 | $6,438,062 |
Kansas Livestock Foundation Topeka, KS | $863,927 | $1,452,734 |
Alliance For Innovation Inc Evergreen, CO | $120,507 | $774,446 |
Idea Wild Fort Collins, CO | $479,254 | $588,780 |
Center For Technology Research And Commercialization Colorado Springs, CO | $55,148 | $416,014 |
Institute For The Study Of Advanced Development Inc Westminster, CO | $162,341 | $381,000 |
International Society Of Exposure Science Roeland Park, KS | $404,033 | $324,267 |
Tinkermill Longmont, CO | $1,557,821 | $367,926 |
Thrive-Wise Lafayette, CO | $198,014 | $0 |
Hydropower Foundation Inc Littleton, CO | $219,803 | $169,296 |
Nebraska Institute Of Forensic Sciences Inc Lincoln, NE | $8,757 | $253,050 |