Diesel Technology Forum Inc
- Assets
- $997.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Frederick, MD
- Founding
- 06/2000
- Data as of
- 12/2023
- EIN
- 37-1394262
Organization Overview
Diesel Technology Forum Inc is located in Frederick, MD. The organization was established in 2000. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Diesel Technology Forum Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Diesel Technology Forum 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 12/2023, Diesel Technology Forum Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.2%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ENGINE TECHNOLOGY FORUM, INC. IS A NON-PROFIT ORGANIZATION WHOSE MISSION IS AS FOLLOWS: - TO BE THE LEADING VOICE CHAMPIONING THE VALUE, PROGRESS, AND FUTURE IMPORTANCE OF INTERNAL COMBUSTION ENGINES, TECHNOLOGIES, VEHICLES, AND EQUIPMENT AS WELL AS THE FUELS THAT THEY USE. - TO POSITIVELY INFLUENCE PUBLIC AND POLICYMAKER OPINIONS REGARDING INTERNAL COMBUSTION ENGINES AND THE TECHNOLOGIES, VEHICLES, AND EQUIPMENT THEY POWER UTILIZING SUSTAINABLE AND OTHER FUELS AND THEIR ROLE IN ACHIEVING ENERGY, ENVIRONMENT, AND ECONOMIC GOALS. - TO CONTRIBUTE TO THE GREATER AWARENESS OF INTERNAL COMBUSTION ENGINES, VEHICLES, EQUIPMENT, AND TECHNOLOGY USING RENEWABLE AND OTHER FUELS, AS VALUED OPTIONS FOR DECARBONIZATION OF KEY SECTORS OF THE ECONOMY. - TO WORK WITH ALL STAKEHOLDERS SEEKING SOLUTIONS TO REDUCE GREENHOUSE GAS AND OTHER EMISSIONS FROM FREIGHT TRANSPORT, AGRICULTURE, CONSTRUCTION, AND MINING, AS WELL AS OTHER INDUSTRIAL AND COMMERCIAL APPLICATIONS. - THROUGH PUBLIC EDUCATION AND OUTR
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEBSITE OPERATIONS - THIS PROGRAM CATEGORY WAS USED FOR UPDATES AND ONGOING MAINTENANCE OF THE FORUM'S WEBSITE.
ALL OTHER PROGRAM ACTIVITIES.
MEDIA RELATED - THIS PROGRAM CATEGORY WAS USED FOR MONITORING AND ENGAGING NEWS AS WELL AS ISSUING PRESS RELEASES.
POLICY DEVELOPMENT - THIS PROGRAM CATEGORY WAS USED FOR ACTIVITIES SUCH AS POLICYMAKER EDUCATION, POLICY RELATED TRACKING SYSTEMS, AND LEGAL COUNSEL ON POLICY MATTERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas P Walters Caterpillar Treasurer | OfficerTrustee | 0.5 | $0 |
Cathy Van Way Cummins Inc Secretary | OfficerTrustee | 0.5 | $0 |
Neville Fernandes Chevron Renewable Director | Trustee | 0.5 | $0 |
Chris Walters Fpt Industrial Director | Trustee | 0.5 | $0 |
Warren Bogard General Motors Director | Trustee | 0.5 | $0 |
Nick Block John Deere Director | Trustee | 0.5 | $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 | $50,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $1,050,179 |
| Investment income | $32,559 |
| 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 | $1,132,738 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $397,702 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,711 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,974 |
| Payroll taxes | $37,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,671 |
| Fees for services: Accounting | $14,980 |
| Fees for services: Lobbying | $128 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,912 |
| Advertising and promotion | $8,125 |
| Office expenses | $3,371 |
| Information technology | $13,388 |
| Royalties | $0 |
| Occupancy | $27,795 |
| Travel | $15,491 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,367 |
| Insurance | $62,399 |
| All other expenses | $59,928 |
| Total functional expenses | $1,155,210 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,820 |
| Savings and temporary cash investments | $763,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,956 |
| 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 | $34,250 |
| Net Land, buildings, and equipment | $33,117 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $54,716 |
| Total assets | $997,344 |
| Accounts payable and accrued expenses | $36,530 |
| Grants payable | $0 |
| Deferred revenue | $327,333 |
| 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 | $41,843 |
| Total liabilities | $405,706 |
| Net assets without donor restrictions | $591,638 |
| Net assets with donor restrictions | $0 |
| 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 | $997,344 |