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 12/2023, Hydropower Foundation Inc generated $365.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $310.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (11.4%) per year over the past 9 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
2023
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 AND WE CONTINUE TO ADD CONTENT. WE ALSO SUPPORT THE HYDROPOWER COLLEGIATE COMPETITION (HCC) HELPING TO PREPARE STUDENTS IN THEIR PRESENTATIONS, DOING WEBINARS TO EDUCATE THEM ABOUT VARIOUS ASPECTS OF HYDROPOWER AND INFORMING THEM ABOUT THE JOB OPPORTUNITIES THAT LIE WITHIN THE INDUSTRY. THE FOUNDATION ALSO IS SUPPORTED BY A GRANT FROM DOE AS A SUBCONTRACTOR OF THE PACIFIC NORTHWEST NATIONAL LABORATORY. THAT GRANT PROGRAM IS WORKING TO UPDATE THE HYDROPOWER VISION, WHICH WAS FIRST DONE IN 2016. OUR WORK IS TO CONDUCT OUTREACH TO INDUSTRY AND LET THEM KNOW ABOUT THE UPDATED VERSION.
THINK TANK IS AN UNDERGRADUATE RESEARCH SYMPOSIUM AT WHICH STUDENTS SOLVE REAL-WORLD HYDROPOWER 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, WE PLACED THE THINK TANK ON HIATUS FOR 2021 AND 2022. IN 2023 WE HOSTED ANOTHER THINK TANK SPONSORED BY SOUTHERN COMPANY IN ALABAMA. IT HAD 12 STUDENT PARTICIPANTS WHO LEARNED ABOUT HYDROPOWER, TOURED THE FACILITY, AND WORKED ON A REAL-LIFE PROBLEM FOR SOUTHERN COMPANY. TVA OBSERVED THE MEETING AND HAS COMMITTED TO SPONSOR A THINK TANK IN 2025. WE ALSO HAVE ONE PLANNED IN THE NW AT CHELAN COUNTY PUD FOR 2024.
HIRING FOR HYDRO IS A PROGRAM SPONSORED BY THE NORTHWEST HYDROPOWER ASSOCIATION, WHICH BRINGS STUDENTS TO THEIR ANNUAL CONFERENCE WHERE THEY HAVE AN IMMERSION INTO HYDROPOWER THROUGH A HYDROPOWER 101 CLASS, WORK ON THEIR RESUMES, AND MEET ONE-ON-ONE WITH HYDRO OPERATORS AND OTHER MEMBERS OF THE INDUSTRY FOR POTENTIAL JOBS. THE NWHA HAS SPONSORED THE HIRING FOR HYDRO PROGRAM FOR SEVERAL YEARS. WE DID ANOTHER IN 2023 WHERE WE HAD 15 STUDENT PARTICIPANTS WHO MET WITH INDUSTRY ABOUT POTENTIAL JOB OPENINGS AND LEARNED ABOUT INTERNSHIP PROGRAMS. THE PROGRAM WAS MOST SUCCESSFUL AND THE NWHA HAS AGREED TO SPONSOR ANOTHER EVENT IN EARLY 2024. IN ADDITION, WE HOSTED ANOTHER VERSION OF HIRING FOR HYDRO, THE CLEAN ENERGY EXPO, IN CONJUNCTION WITH THE NATIONAL HYDROPOWER ASSOCIATION MEETING IN CINCINNATI IN OCTOBER OF 2023. THE DIFFERENCE BETWEEN THE TWO EVENTS IS THAT HIRING FOR HYDRO IS DONE AT THE INDUSTRY MEETING AND THE CLEAN ENERGY EXPO IS HOSTED AT THE UNIVERSITY. THAT EVENT HAD 15 INDUSTRY ORGANIZATIONS WITH ABOUT 25 STUDENTS WHO PARTICIPATED. ANOTHER IS PLANNED FOR 2024 AT CLEAN CURRENTS IN PORTLAND OREGON.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Steve Wenke President | OfficerTrustee | 5 | $0 |
Kenneth R Odom Past President | OfficerTrustee | 5 | $0 |
Norm Bishop Treasurer | OfficerTrustee | 5 | $0 |
Shannon Ames Secretary | OfficerTrustee | 5 | $0 |
Stephen V Amaral Board Member | Trustee | 1 | $0 |
Tim Brush Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $73,960 |
Fundraising events | $7,128 |
Related organizations | $0 |
Government grants | $71,308 |
All other contributions, gifts, grants, and similar amounts not included above | $208,048 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $360,444 |
Total Program Service Revenue | $0 |
Investment income | $3,322 |
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 | $365,300 |
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. | $76,108 |
Compensation of current officers, directors, key employees. | $29,682 |
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 | $107,136 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $10,975 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $2,797 |
Office expenses | $3,962 |
Information technology | $9,882 |
Royalties | $0 |
Occupancy | $0 |
Travel | $29,316 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $52,099 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,776 |
All other expenses | $0 |
Total functional expenses | $310,190 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $303 |
Savings and temporary cash investments | $55,458 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,213 |
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 | $2,173 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $45,302 |
Investments—other securities | $0 |
Investments—program-related | $74,459 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $189,908 |
Accounts payable and accrued expenses | $6,910 |
Grants payable | $0 |
Deferred revenue | $14,243 |
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 | $21,153 |
Net assets without donor restrictions | $91,931 |
Net assets with donor restrictions | $76,824 |
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 | $189,908 |