Hotrock Energy Research Organization
- Assets
- $15.5k
- Revenue
- $293.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Seattle, WA
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3849152
Organization Overview
Hotrock Energy Research Organization is located in Seattle, WA. The organization was established in 2015. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Hotrock Energy Research Organization employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hotrock Energy Research Organization is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RESEARCH AND DEVELOPMENT OF GEOTHERMAL SYSTEMS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATION AND OUTREACH, PERFORM RESEARCH AND TESTING, AND PROVIDE FEASIBILITY STUDIES AND PILOT PROJECTS TO MOVE GEOTHERMAL TECHNOLOGY FORWARD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Mcdonald Director | Trustee | 5 | $0 |
Susan Petty President, Treasurer | Trustee | 20 | $0 |
Steven Klein Director | Trustee | 5 | $0 |
Jill Watz Director, Secretary | Trustee | 10 | $0 |
Britt Ide Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $206,267 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $206,267 |
| Total Program Service Revenue | $87,358 |
| Investment income | $2 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $293,627 |
| 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 | $27,181 |
| Compensation of current officers, directors, key employees. | $20,650 |
| Compensation of current officers, directors, key employees. | $20,650 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $4,410 |
| Fees for services: Management | $183,152 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,169 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,889 |
| Information technology | $0 |
| Royalties | $50,000 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,584 |
| All other expenses | $0 |
| Total functional expenses | $294,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,519 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,519 |
| Accounts payable and accrued expenses | $5,093 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $1,645 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $6,738 |
| Net assets without donor restrictions | $8,781 |
| Net assets with donor restrictions | $0 |
| 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 | $15,519 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hotrock Energy Research Organization has recieved totaling $36,000.
| Awarding Organization | Amount |
|---|---|
The Seattle Foundation Seattle, WA PURPOSE: TO SUPPORT THE LAUNDRY LIST PROJECT | $36,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
4youandme Seattle, WA | $807,064 | $2,122,099 |
Technology Student Association Goldendale, WA | $174,292 | $815,433 |
American Automatic Control Council Seattle, WA | $1,283,911 | $601,047 |
Reuseum Educational Inc Garden City, ID | $478,709 | $451,254 |
Hotrock Energy Research Organization Seattle, WA | $15,519 | $293,627 |
Wimax Forum West Linn, OR | $171,620 | $0 |
Idaho Society Of Professional Engineers Inc Boise, ID | $49,936 | $0 |
Portland International Conference On Management Of Engineering & Tec Portland, OR | $175,157 | $0 |
Technology Student Association Boise, ID | $26,002 | $0 |
Design Week Portland Portland, OR | $0 | $0 |
Pinnacle Technologies For Nonprofits Gresham, OR | $15,092 | $0 |
Lme Robotics Inc Meridian, ID | $930 | $3,105 |