Bangor Fuel Society
- Assets
- $791.4k
- Revenue
- $80.8k
- Investments
- $639.2k
- Employees
- 0
- Location
- Bangor, ME
- Founding
- 04/1973
- Data as of
- 10/2021
- EIN
- 01-6010608
Organization Overview
Bangor Fuel Society is located in Bangor, ME. The organization was established in 1973. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bangor Fuel Society 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 10/2021, Bangor Fuel Society generated $80.8k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 52.2% each year . All expenses for the organization totaled $52.0k during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL NET INCOME IS USED FOR THE PURCHASE AND DELIVERY OF WINTER HOME HEATING FUEL TO PEOPLE IN NEED IN BANGOR, MAINE AND SURROUNDING COMMUNITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Calvin E True Treasurer | 1 | $0 | |
Julie Williams Trustee | 1 | $0 | |
Lee Chick Secretary | 1 | $0 | |
Brad Coffey Trustee | 1 | $0 | |
Nathaniel S Putnam President | 1 | $0 | |
Martha Newman Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $47,007 |
| Interest on Savings | $2 |
| Dividends & Interest | $33,793 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,802 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $838 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $509 |
| Total operating and administrative expenses | $1,347 |
| Contributions, gifts, grants paid | $50,666 |
| Total expenses and disbursements | $52,013 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $152,268 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $791,438 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Bangor Fuel Society has awarded $50,666 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS INDIVIDUAL FUEL RECIPIENTS RECEIVING BENEFITS DURING THE YEAR PURPOSE: WINTER HEATING FUEL | $41,551 |
INDIVIDUAL FUEL RECIPIENTS RECEIVING BENEFITS THROUGH FUEL VOUCHER PROGRAM PURPOSE: WINTER HEATING FUEL | $9,115 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bangor Fuel Society has recieved totaling $3,763.
| Awarding Organization | Amount |
|---|---|
Carl E Danforth Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $3,763 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Acadia Center Rockport, ME | $4,087,370 | $2,515,803 |
Upstream Policy Institute Inc Damariscotta, ME | $828,300 | $1,249,671 |
Plymouth Area Renewable Energy Initiative Plymouth, NH | $145,269 | $581,416 |
Energy Council of the Northeast Darlene LeTavec Windham, NH | $0 | $248,475 |
New Hampshire Sustainable Energy Association Concord, NH | $725,151 | $823,055 |
A Climate To Thrive Mount Desert, ME | $396,796 | $232,956 |
Bangor Fuel Society Bangor, ME | $791,438 | $80,802 |