New England Fuel Institute Inc

Organization Overview

New England Fuel Institute Inc is located in Wilmington, MA. The organization was established in 1967. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, New England Fuel Institute Inc employed 8 individuals. This organization is the central organization for a national or regional group of organizations. New England Fuel Institute 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 12/2021, New England Fuel Institute Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

INFORM PRIVATE INDUSTRY AND PUBLIC REGARDING HOME HEATING FUEL INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

GENERAL MEMBERSHIP ACTIVITIES - SUPPORT THE FUEL INDUSTRY AND MEMBERS ON A POLITICAL AND CORPORATE LEVEL BY BEING A PRESENCE IN WASHINGTON DC TO ENSURE THAT THE INDUSTRY HAS A VOICE WITH THE ONGOINGS AND DECISIONS BEING MADE IN GOVERNMENT WHICH AFFECT THE FUEL INDUSTRY. ALSO TO PROVIDE A PLATFORM FOR THE MEMBERS TO SHARE IDEAS AND KEEP UP TO DATE ON INDUSTRY BY SETTING UP MEETINGS AND EDUCATIONAL CONFERENCES.


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Board, Officers & Key Employees

Name (title)Compensation
Edward Scott
Chairperson
$149,703
James Collura
Vice President
$127,290
Lisa Avery
Business Manager
$100,232
Peter Aziz
Immediate Past Chairperson
$0
Claudette Townsend
Secretary
$0
Marty Kirshner
Treasurer
$0

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$1,750,277
Investment income $0
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 $1,881,576

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