Fuel Cell And Hydrogen Energy Association Inc
- Assets
- $2.1m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 02/1999
- Data as of
- 12/2022
- EIN
- 52-2086073
Organization Overview
Fuel Cell And Hydrogen Energy Association Inc is located in Washington, DC. The organization was established in 1999. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2022, Fuel Cell And Hydrogen Energy Association Inc employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel Cell And Hydrogen Energy Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2022, Fuel Cell And Hydrogen Energy Association Inc generated $2.1m 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 (4.8%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
FCHEA IS A BUSINESS ASSOCIATION COMMITTED TO ADVANCING INNOVATIVE, CLEAN, SAFE, AND RELIABLE ENERGY TECHNOLOGIES THROUGH EDUCATIONAL ACTIVITIES AND ADVOCACY IN SUPPORT OF FUEL CELL AND HYDROGEN ENERGY TECHNOLOGIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FCHEA HAS HELPED DEVELOP CODES AND STANDARDS REQUIRED FOR THE COMMERCIALIZATION OF FUEL CELL TECHNOLOGIES. SERVING ITS MEMBERSHIP OF CORPORATE, GOVERNMENT, AND NONPROFIT MEMBERS, THE ASSOCIATION CREATED AND CONTINUES TO LEAD FOCUSED PROGRAMS FOR TRANSPORTATION, STATIONARY POWER APPLICATIONS, STORAGE, PORTABLE POWER, MANUFACTURING, PERFORMANCE TESTING, AND INSTALLATION.
THE ASSOCIATION FOSTERS THE EXCHANGE OF INFORMATION BETWEEN ITS MEMBERS AND LEADERS IN THE PUBLIC AND PRIVATE SECTOR AND HOSTS MULTIPLE MEETINGS EACH YEAR FOR THAT PURPOSE.
THE FCHEA PROVIDES OBJECTIVE INFORMATION TO THE PUBLIC, GOVERNMENT, AND INDUSTRY. DURING 2021, THE ASSOCIATION PARTICIPATED IN CONFERENCES AND TRADE SHOWS, DISSEMINATED INFORMATIONAL MATERIAL RELATIVE TO THE FUEL CELL INDUSTRY, AND MAINTAINED AN ACTIVE WEBSITE ACCESSIBLE TO THE PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Wolak President & CEO | OfficerTrustee | 40 | $324,000 |
Morry Markowitz President | 40 | $165,000 | |
Connor Dolan Vp, Ext Affairs | 40 | $133,293 | |
Jennifer Gangi Dir Of Comm. | 40 | $115,771 | |
Andy Marsh Chairman | Trustee | 1 | $0 |
Robert Wimmer Vice Chairman | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
H 2 Karen Llc Consulting | 12/30/22 | $170,360 |
Bracewell Llp Consulting | 12/30/22 | $116,664 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $2,065,559 |
| Investment income | $129 |
| 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 | $2,065,688 |
| 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. | $358,885 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $517,712 |
| Pension plan accruals and contributions | $11,214 |
| Other employee benefits | $32,280 |
| Payroll taxes | $58,744 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,009 |
| Fees for services: Accounting | $15,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,657 |
| Advertising and promotion | $5,412 |
| Office expenses | $4,335 |
| Information technology | $9,549 |
| Royalties | $0 |
| Occupancy | $27,651 |
| Travel | $46,651 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140,732 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,524 |
| Insurance | $6,403 |
| All other expenses | $0 |
| Total functional expenses | $1,547,826 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,326,633 |
| Savings and temporary cash investments | $321,103 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $433,978 |
| 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 | $11,169 |
| Net Land, buildings, and equipment | $4,306 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,097,189 |
| Accounts payable and accrued expenses | $144,055 |
| Grants payable | $0 |
| Deferred revenue | $10,000 |
| 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 | $154,055 |
| Net assets without donor restrictions | $0 |
| 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 | $1,943,134 |
| Total liabilities and net assets/fund balances | $2,097,189 |