H2gp Foundation
Nonprofit profile at a glance
- EIN
- 931776163
- IRS 990 coverage
- 2024–2024
- Forms available
- Form 990 2024, Form 990-EZ 2023
- Location
- Huntington Beach, CA, USA
- Phone
- 7142353523
- Rating
- 74
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Environmental Quality, Protection, and Beautification N.E.C.
Reported finances
- Revenue
- $642,511
- Expenses
- $478,685
- Assets
- $188,803
- Liabilities
- $24,967
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
3 people listed
Executive titles in this filing
- NICOLA WEISS (PRESIDENT)
Highest reported compensation
- NICOLA WEISS (PRESIDENT): $24,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The H2GP Foundation, a 501(c)(3) supports and promotes hydrogen and renewable energy technology events education, programs and competitions for the sake of environmental stewardship Especially programs that simultaneously aim to inspire and motivate students to pursue further education and future careers in the field of science, technology, engineering and mathematics. with real-world skills for a net zero future.
What it reported doing in 2024
Renewable energy & engineering team program the organization supported nearly 500 student teams globally, including some 200 in u.s., each with at least five members. Participants design, build, and race hydrogen-powered cars in the h2 grand pix, gaining educational resources and mentoship. The initiative fosters hands-on stem learning, leadership in renewable energy engineering and teamwork.
Operating model
- Revenue model
- Earned-program. 69% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 68
- Transparency & Controls: 92
- Accountability: 70
- Sustainability: 54
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 68.4%; rating input score 68
- Program expense ratio: 91.8%; rating input score 92
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 66.7%; rating input score 67; 14th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Fail
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 25.5%; rating input score 81; 81st percentile among comparable filings
- Total-asset coverage ratio: 0.39; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0.13; rating input score 38; 38th percentile among comparable filings
- Officer compensation ratio: 5%; rating input score 53; 53rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: 182.1% per year; rating input score 100; 100th percentile among comparable filings
- Asset growth: 145.1% per year; rating input score 100; 100th percentile among comparable filings
Details
- Where the money goes: 68.4% of revenue deployed · 91.8% of spending went to programs
- Governance: 2 of 3 board members independent · 6 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $439K in reported program spending
- Leadership: top reported pay $24K · 3 people listed
- Consistency: 20 of 20 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
- Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 8 not reported.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 38/100.
- Review — Sustainability: Officer compensation ratio scored 53/100.