New England Fuel Institute Education Foundation Inc

Organization Overview

New England Fuel Institute Education Foundation Inc is located in Wilmington, MA. The organization was established in 1984. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New England Fuel Institute Education Foundation 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 12/2021, New England Fuel Institute Education Foundation Inc generated $242.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $309.4k during the year ending 12/2021. While expenses have increased by 13.3% 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

TEACHING PUBLIC AND PRIVATE ORGANIZATIONS ABOUT THE OIL AND HEATING INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

EDUCATION OUTREACH - EDUCATE INDIVIDUALS INSIDE AND OUTSIDE THE FUEL INDUSTRY.


GENERAL ACTIVITIES - OTHER ACTIVITIES SUCH AS ADMINISTRATIVE INCOME, WHICH INCLUDES INTEREST, SALE OF ASSETS AND RECOGNITION OF MISCELLANEOUS INCOME.


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Board, Officers & Key Employees

Name (title)Compensation
Peter Aziz
Immediate Past Chair
$0
Marty Kirshner
Treasurer
$0
Claudette Townsend
Vice Chairperson
$0
Sean Cota
President & CEO
$0
James Townsend
Chairperson
$0
Kevin Coan
Director
$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$79,550
Investment income $101,673
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $61,477
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $242,700

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