Operation Fuel Inc
- Assets
- $2.8m
- Revenue
- $6.6m
- Investments
- $0.0
- Employees
- 16
- Location
- Hartford, CT
- Founding
- 08/1989
- Data as of
- 06/2022
- EIN
- 06-1253091
Organization Overview
Operation Fuel Inc is located in Hartford, CT. The organization was established in 1989. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2022, Operation Fuel Inc employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operation Fuel Inc 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 06/2022, Operation Fuel Inc generated $6.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $6.8m during the year ending 06/2022. While expenses have increased by 6.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION FUEL ENSURES EQUITABLE ACCESS TO ENERGY FOR ALL BY PROVIDING YEAR-ROUND ENERGY ASSISTANCE, PROMOTING ENERGY INDEPENDENCE, AND ADVOCATING FOR AFFORDABLE ENERGY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION FUEL'S YEAR-ROUND PROGRAM PROVIDED ENERGY ASSISTANCE TO 5,520 LOW- AND MODERATE-INCOME CONNECTICUT HOUSEHOLDS WHO ARE NOT ELIGIBLE FOR OR WHO HAVE EXHAUSTED THEIR GOVERNMENT BENEFITS.
OPERATION FUEL RECEIVED A GRANT OF $2.1 MILLION FROM THE STATE OF CONNECTICUT TO RUN AN EMERGENCY HOME ENERGY ASSISTANCE PROGRAM DURING FY22. GRANTS OF UP TO $700 WERE PROVIDED TO 3,117 ELIGIBLE CONNECTICUT HOUSEHOLDS AND PAID DIRECTLY TO FUEL OR UTILITY VENDORS. $200,000 OF THE GRANT WAS USED TO PROVIDE PROGRAM AND CASE MANAGEMENT SUPPORT BY OPERATION FUEL'S CENTRAL OFFICE AND ITS NETWORK OF 64 FUEL BANKS AROUND THE STATE OF CONNECTICUT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brenda Watson Executive Director | Officer | 35 | $111,049 |
Johanna Reyes Director Of Finance | Officer | 35 | $67,541 |
Allan Smith Chair | OfficerTrustee | 1 | $0 |
Richard Schauster Treasurer | OfficerTrustee | 1 | $0 |
Megan Brown Co-Chair | OfficerTrustee | 1 | $0 |
Rauchell Beckford Anderson Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,100,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,467,804 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,567,804 |
| Total Program Service Revenue | $0 |
| Investment income | $29,238 |
| 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 | $6,597,042 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,183,814 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $835,318 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $89,815 |
| Payroll taxes | $81,020 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,349 |
| Fees for services: Accounting | $27,295 |
| Fees for services: Lobbying | $18,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,907 |
| Fees for services: Other | $193,744 |
| Advertising and promotion | $0 |
| Office expenses | $2,912 |
| Information technology | $20,027 |
| Royalties | $0 |
| Occupancy | $51,491 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,378 |
| Insurance | $12,377 |
| All other expenses | $0 |
| Total functional expenses | $6,821,300 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $442,274 |
| Savings and temporary cash investments | $577,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,882 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $44,196 |
| Net Land, buildings, and equipment | $35,781 |
| Investments—publicly traded securities | $1,680,867 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,341 |
| Total assets | $2,801,976 |
| Accounts payable and accrued expenses | $104,990 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,794 |
| Total liabilities | $110,784 |
| Net assets without donor restrictions | $2,494,674 |
| Net assets with donor restrictions | $196,518 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,801,976 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Operation Fuel Inc has recieved totaling $45,000.
| Awarding Organization | Amount |
|---|---|
Lena Benas Memorial Fund Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $20,000 |
Marion Isabelle Coe Fund Dallas, TX PURPOSE: PROVIDE LOW INCOME ENERGY | $10,000 |
Farmington Bank Community Foundation Inc Hartford, CT PURPOSE: EMERGENCY ENERGY ASSISTANCE | $10,000 |
Marzahl Mv Marzahl Charitable Tr 3007894 Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Green Energy Consumers Alliance Inc Jamaica Plain, MA | $5,258,503 | $8,625,489 |
Capital For Change Inc Wallingford, CT | $69,646,827 | $10,335,539 |
Operation Fuel Inc Hartford, CT | $2,801,976 | $6,597,042 |
Bclf Ventures Inc Boston, MA | $107,589,450 | $9,107,552 |
Webster Apartments Congers, NY | $14,551,827 | $6,588,397 |
Rental Assistance Corporation Of Buffalo Buffalo, NY | $7,021,377 | $3,957,549 |
Westside Ministries Inc Buffalo, NY | $1,861,315 | $3,049,976 |
Niagara Falls Neighborhood Housing Services Inc Niagara Falls, NY | $3,221,959 | $1,818,977 |
Neighborhood Housing Service Of New Britain Inc New Britain, CT | $9,799,451 | $3,488,244 |
Northfield Community Ldc Of Staten Island Inc Staten Island, NY | $972,612 | $2,043,555 |
Housing Corporation Of Arlington Arlington, MA | $44,078,576 | $2,009,359 |
Community Capital New York Inc Elmsford, NY | $13,076,152 | $2,371,640 |