2025-11-16T19:36:19-06:00 2024-12-31 861065772 DELOITTE TAX LLP 50 SOUTH SIXTH STREET MINNEAPOLIS MN 55402 990 2024-01-01 921666293 MID ATLANTIC CLEAN HYDROGEN HUB INC MIDA 3022338034 104 GRAND OAKS DRIVE DOVER DE 199015897 MAAYAN CITRON COO 3022338034 2025-11-14 1 0 CHRIS MESKIMEN P01314196 6123974000 2025-11-14 2024 2025-03-06 01:10:19Z MAAYAN CITRON 104 GRAND OAKS DRIVE DOVER DE 199015897 5549490 0 X WWW.MACH-2.COM X 2023 DE TO DEVELOP A REGIONAL CLEAN HYDROGEN HUB THAT WILL ALIGN HYDROGEN PRODUCERS AND CONSUMERS VIA A CONNECTED INFRASTRUCTURE LOCATED WITHIN THE MID-ATLANTIC REGION OF THE UNITED STATES. 16 15 0 4 0 0 816600 5370541 0 0 0 0 0 178949 816600 5549490 0 0 0 0 0 764650 0 0 0 1097263 6095342 1097263 6859992 -280663 -1310502 133557 3710111 414220 5577347 -280663 -1867236 X MID ATLANTIC CLEAN HYDROGEN HUB INC. ("MACH2") WAS CREATED TO DEVELOP A REGIONAL CLEAN HYDROGEN HUB THAT WILL ALIGN HYDROGEN PRODUCERS AND CONSUMERS VIA A CONNECTED INFRASTRUCTURE LOCATED WITHIN THE MID-ATLANTIC REGION OF THE UNITED STATES. 0 0 6239077 COORDINATED CONTRACT NEGOTIATIONS AND EXECUTION OF A COOPERATIVE AGREEMENT WITH OFFICE OF CLEAN ENERGY DEMONSTRATIONS (OCED) FOR THE CREATION OF AN ECONOMICALLY VIABLE HYDROGEN HUB, TO ENABLE RELIABLE AND AFFORDABLE HYDROGEN PRODUCTION IN THE MID-ATLANTIC REGION. MACH2 IDENTIFIED TWELVE PROJECT PARTNERS FOR HYDROGEN PRODUCTION, STORAGE, DELIVERY, AND WORKFORCE DEVELOPMENT PROGRAMS, AND NEGOTIATED SUBAWARD AGREEMENTS. MACH2 PROVIDES PROJECT MANAGEMENT, FEDERAL AWARD COMPLIANCE, FUNDRAISING, BUDGET MANAGEMENT, AND COMMUNITY ENGAGEMENT SUPPORT FOR THE HUB. IN 2024, MACH2 WROTE AND FINALIZED POLICIES AND PROCEDURES FOR FEDERAL AWARD COMPLIANCE, INCLUDING A CONFLICT OF INTEREST POLICY, AND OBATAINED OCED APPROVAL. MACH2 SELECTED AN ERP SYSTEM FOR ACCOUNTING AND PROJECT MANAGEMENT AND HELD MEETINGS WITH KEY COMMUNITIES AND STAKEHOLDERS TO BUILD RELATIONSHIPS WITHIN THE COMMUNITIES WHERE THE HUB WILL OPERATE. 6239077 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 DE X DORA CHEATHAM 3022338034 104 GRAND OAKS DRIVE DOVER DE 199015897 MARTIN WADE CEO (JAN - OCT) 32.00 X X 265000 0 0 JOSEPH COLELLA COO (JAN - OCT) 22.00 X X 350000 0 0 MAAYAN CITRON COO (OCT - DEC) 38.00 X X 149650 0 0 COLLIN O'MARA CO-CHAIR 15.00 X X 0 0 0 JIM SNELL CO-CHAIR 4.00 X X 0 0 0 DORA CHEATHAM TREASURER AND SECRETARY 7.00 X X 0 0 0 SINCERE HARRIS BOARD MEMBER 0.00 X 0 0 0 SAM ROBINSON BOARD MEMBER 0.00 X 0 0 0 CHRIS RUGGIERO BOARD MEMBER 0.00 X 0 0 0 FREDDY SANCHES BOARD MEMBER 0.00 X 0 0 0 FAY SHONG BOARD MEMBER 0.00 X 0 0 0 YUSHAN YAN BOARD MEMBER 0.00 X 0 0 0 RYAN BOYER BOARD MEMBER 0.00 X 0 0 0 DAN COSNER BOARD MEMBER 0.00 X 0 0 0 ANTHONY LOWMAN BOARD MEMBER 0.00 X 0 0 0 SUE MUKHERJEE BOARD MEMBER 0.00 X 0 0 0 JOHN KANE BOARD MEMBER 0.00 X 0 0 0 764650 0 0 3 0 1 0 BOSTON CONSULTING GROUP 655 15TH ST NW WASHINGTON DC 20005 CONSULTING SERVICES 5000000 MCCARTER & ENGLISH LLP 1301 K ST NW WASHINGTON DC 20005 LEGAL SERVICES 444435 SCHUYLER ENERGY 130 SEVERN AVE 201 ANNAPOLIS MD 21403 CONSULTING SERVICES 215000 SOUTH RIVER MARITIME 1330 CREST DRIVE WEST CHESTER PA 19382 CONSULTING SERVICES 209000 DELOITTE CONSULTING 110 MORRIS STREET MORRISTOWN NJ 07690 CONSULTING SERVICES 120000 5 4970541 400000 5370541 RECOVER FROM FRAUD LOS 178949 178949 178949 5549490 0 0 178949 X 764650 764650 444435 248702 195733 5429836 5225725 204111 265 265 41813 41813 44 44 FRAUD LOSS 178949 178949 6859992 6239077 620915 0 105557 339570 28000 3370541 133557 3710111 414220 5577347 414220 5577347 X 0 0 0 0 -280663 -1867236 -280663 -1867236 133557 3710111 -1310502 -276071 0 X 0 1 X 1 0 X 816600 5370541 6187141 816600 5370541 6187141 403514 5783627 6187141 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 6598946 1049456 1049456 5549490 0 5549490 7909447 1049455 1049455 6859992 0 6859992 PART X, LINE 2: MACH2 IS A NONPROFIT CORPORATION AS DESCRIBED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC) AND IS EXEMPT FROM FEDERAL INCOME TAXES. MACH2 HAS DETERMINED THAT IT IS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. 0 0 0 0 0 0 0 0 0 JOSEPH COLELLA COO (JAN - OCT) 350000 0 0 0 0 0 0 0 0 0 350000 0 0 0 MARTIN WADE CEO (JAN - OCT) 265000 0 0 0 0 0 0 0 0 0 265000 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM AND IS CIRCULATED TO THE BOARD OF DIRECTORS BEFORE TIMELY FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT REVIEW COMMITTEE OVERSEES THE CREATION OF AN ANNUAL REPORT THAT TRACKS BOTH MANAGED AND UNMANAGED FINANCIAL CONFLICTS OF INTEREST (FCOI) AND ORGANIZATIONAL CONFLICTS OF INTEREST (OCI). THIS REPORT MUST BE SUBMITTED TO THE DEPARTMENT OF ENERGY (DOE) EVERY YEAR AND UPDATED WITHIN 30 DAYS OF DISCOVERING OR ACQUIRING A NEW SIGNIFICANT FINANCIAL INTEREST (SFI) (E.G., THROUGH PURCHASE, MARRIAGE, OR INHERITANCE). ADDITIONALLY, SUBRECIPIENTS MUST SUBMIT AN INITIAL CONFLICT OF INTEREST REPORT BEFORE USING ANY FEDERAL FUNDS. SUBRECIPIENT REPORTS ARE REVIEWED BY THE CONFLICT REVIEW COMMITTEE AND DISCLOSED ALONGSIDE MACH2'S OWN ANNUAL REPORT. IF A CONFLICT ARISES THE INDIVIDUAL WILL LEAVE THE MEETING DURING THE DISCUSSION, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. THE CO-CHAIRS OF THE BOARD OF DIRECTORS, OR CHAIRPERSON OF ANY COMMITTEE, WILL APPOINT A DISINTERESTED PERSON TO INVESTIGATE ANY ALTERNATIVES TO THE PROPOSED TRANSACTION. AFTER EXERCISING DUE DILIGENCE, THE BOARD OF DIRECTORS, OR COMMITTEE, SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OF DIRECTORS, OR COMMITTEE, SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED MEMBERS THEREOF WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. IN CONFORMITY WITH THE ABOVE DETERMINATION, IT SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES THESE DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, THE ORGANIZATION WILL MAKE AVAILABLE ONLY THOSE DOCUMENTS REQUIRED TO BE DISCLOSED UNDER THE PUBLIC INSPECTION LAWS. FORM 990, PART VI, LINE 13 & 14: AS A RESULT OF FEDERAL FUNDING, MACH2 IS REQUIRED TO COMPLY WITH THE FEDERAL WHISTLEBLOWER POLICY AND THE FEDERAL DOCUMENT RETENTION AND DESTRUCTION POLICY. FORM 990, PART IX, LINE 11G PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,030. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,030. CONSULTING: PROGRAM SERVICE EXPENSES 5,225,725. MANAGEMENT AND GENERAL EXPENSES 145,116. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,370,841. PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 29,700. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,700. CONTRACTUAL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 265. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 265.