Heat Is Power in Oak Brook, Illinois (IL)
Table of contents:
| Heat Is Power | |
| Employer Identification Number (EIN) | 452177043 |
| Name of Organization | Heat Is Power |
| In Care of Name | Primary Energy |
| Address | 2215 York Rd Ste 202, Oak Brook, IL 60523-2390 |
| Subsection | Business League |
| Ruling Date | 10/2011 |
| Deductibility | Contributions are not deductible |
| Foundation | All organizations except 501(c)(3) |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $57,325 |
| Amount of Income | $77,675 |
| Form 990 Revenue Amount | $77,675 |
| National Taxonomy of Exempt Entities (NTEE) | Public, Society Benefit - Multipurpose and Other: Professional Societies, Associations |
Non-representatives - add comments:
Amount of income in 2013: $77,675 (it was $132,890 in 2012)
| This organization: | $77,675 |
| Other organizations performing similar types of work: | $648,958 |
Assets in 2013: $57,325 (it was $89,342 in 2012)
| Heat Is Power: | $57,325 |
| Other organizations performing similar types of work: | $634,644 |
Expenses in 2013: $109,692
| Heat Is Power: | $109,692 |
| Other organizations performing similar types of work: | $585,519 |
Income to expenses ratio in 2013: 0.7
| This organization: | 0.7 |
| Other organizations performing similar types of work: | 1.1 |
Grants share in income in 2013: 1.7%
| This organization: | 1.7% |
| Other organizations performing similar types of work: | 3.5% |
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $105,500 | $132,890 | $77,675 |
| Contributions, gifts, grants, and similar amounts received | $0 | $3,000 | $1,291 |
| Program service revenue including government fees and contracts | $0 | $7,890 | $0 |
| Membership dues and assessments | $105,500 | $122,000 | $65,005 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $11,379 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $0 | $0 | $11,379 |
| Less: direct expenses from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $53,995 | $95,053 | $109,692 |
| Total net assets | $51,505 | $89,342 | $57,325 |
| Excess/Deficit for the year | $51,505 | $37,837 | $-32,017 |
| Net assets or fund balances at beginning of year | $0 | $51,505 | $89,342 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $51,505 | $89,342 | $57,325 |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $51,505 | $89,342 | $57,325 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $51,505 | $89,342 | $57,325 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | No |
| Were any significant changes made to the organizing or governing documents? | No | Yes | No |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | No |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | No |
| Amount of political expenditures, direct or indirect | $0 | $0 | $0 |
| Did the organization file Form 1120-POL for this year? | No | No | No |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | No |
| Total amount involved | $0 | $0 | $0 |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | No |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | No |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | Not provided |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | National Rural Electric Cooperative Association | 4301 Wilson Blvd, Arlington, VA 22203-1867 | VA | 1947-03 | $204,446,831 |
| 2 | Southwest Power Pool Inc | 201 Worthen Dr, Little Rock, AR 72223-4936 | AR | 1995-06 | $144,133,352 |
| 3 | Western Electricity Coordinating Council | 155 N 400 W Ste 200, Salt Lake Cty, UT 84103-1114 | UT | 1996-06 | $62,158,414 |
| 4 | Wisconsin Rural Water Association Inc | 350 Water Way, Plover, WI 54467-3142 | WI | 1994-09 | $2,236,072 |
| 5 | Rural Water Association Of Utah | 76 Red Pine Dr, Alpine, UT 84004-1557 | UT | 1992-08 | $2,074,811 |
| 6 | Nopec Inc | 31360 Solon Rd Ste 33, Solon, OH 44139-3577 | OH | 2012-01 | $1,101,500 |
| 7 | Virginia Rural Water Association | 2138 Sycamore Ave, Buena Vista, VA 24416-3126 | VA | 1990-01 | $917,730 |
| 8 | American Water Works Association, Illinois Section | 545 S Randall Rd, Saint Charles, IL 60174-1533 | IL | 1969-05 | $646,194 |
| 9 | Midcontinent Chapter Of The Gas Processors Association | 6526 E 60th St, Tulsa, OK 74145-9202 | OK | 2012-04 | $123,841 |
| 10 | Texas Water Utilities Association, North Central Texas Region | PO BOX 985, Arlington, TX 76004-0985 | TX | 1995-11 | $117,305 |
| 11 | Water Resources Association Of The Delaware River Basin | 1211 Greenway Rd, Wilmington, DE 19803-3519 | DE | 1960-07 | $109,613 |
| 12 | Texas Water Utilities Association, East Texas Region | 14792 County Road 192, Tyler, TX 75703-6722 | TX | 1995-11 | $92,535 |
| 13 | Texas Water Utilities Association, Panhandle Region | PO BOX 1324, Amarillo, TX 79105-1324 | TX | 1995-11 | $80,453 |
| 14 | Heat Is Power | 2215 York Rd Ste 202, Oak Brook, IL 60523-2390 | IL | 2011-10 | $77,675 |
| 15 | Water Works Operators Association Of Pa | PO BOX 1303, York, PA 17405-1303 | PA | 1986-07 | $63,907 |
| 16 | Texas Water Utilities Association, Twua Sam Houston District | 1106 Clayton Lane Ste 112w, Austin, TX 78723 | TX | 1995-11 | $61,285 |
| 17 | Greater Harrisburg Oil Heat Assoc | PO BOX 10335, Harrisburg, PA 17105 | PA | 2011-09 | $31,952 |
| 18 | American Water Works Association, Arizona Section | 1042 Willow Creek Rd A101 510, Prescott, AZ 86301-1673 | AZ | 1969-05 | $0 |
| 19 | Central And Southwest La Chapter Of Aabe | PO BOX 5000, Pineville, LA 71361-5000 | LA | 2004-02 | $0 |
| 20 | North Carolina Utilities Coordinating Committee | 4812 Bluetick Rd, Raleigh, NC 27616 | NC | 2007-01 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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