Fuel Freedom Foundation
- Assets
- $30.2k
- Revenue
- $52.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Rancho Santa Margarita, CA
- Founding
- 06/2012
- Data as of
- 12/2023
- EIN
- 45-3201801
Organization Overview
Fuel Freedom Foundation is located in Rancho Santa Margarita, CA. The organization was established in 2012. According to its NTEE Classification (U33) the organization is classified as: Chemistry & Chemical Engineering, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel Freedom Foundation 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 12/2023, Fuel Freedom Foundation generated $52.5k 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 (42.3%) each year. All expenses for the organization totaled $52.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (41.9%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE THE STRATEGIC IMPORTANCE OF OIL TO THE ECONOMY OF THE U.S.; TO SEEK TOELIMINATE THE DEPENDENCE OF THE U.S. ON FOREIGN OIL; AND TO REDUCE OIL PRICESWORLDWIDE, THROUGH, IN EACH CASE, EDUCATION, RESEARCH, COMMUNITY INVOLVEMENT ANDOTHER ACTIVITIES CONDUCTED EITHER ALONE OR IN COOPERATION WITH OTHERS AND INFURTHERANCE OF ONE OR MORE OF THE SAID PURPOSES, ALL OF WHICH MUST BE CONSISTENTWITH THE REQUIREMENTS OF SECTION 501(C)(3) OF THE CODE, AND (B) TO MAKEDISTRIBUTIONS TO ORGANIZATIONS THAT SHARE A COMMON PURPOSE AND THAT QUALIFY ASEXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986,OR CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTINUES ITS ADVOCACY EFFORTS WITH THE FEDERAL GOVERNMENT AND THE STATE OF CALIFORNIA, PUSHING FOR INITIATIVES PROMOTING EXPANSION OF FLEX FUEL CAPABILITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Hollander Ceo/chairman | 10 | $0 | |
Ilana Meirovitch Sec. & COO | 40 | $35,000 | |
Mark Rosenblatt Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rover Strategies | 12/30/22 | $27,088 |
Lumentus | 12/30/22 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,000 |
| Interest on Savings | $18 |
| Dividends & Interest | $0 |
| 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 | $2,500 |
| Total Revenue | $52,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,817 |
| Printing and publications | $0 |
| Other expenses | $7,125 |
| Total operating and administrative expenses | $52,519 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $52,519 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $30,234 |
| 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 | $30,234 |
| Accounts payable and accrued expenses | $620 |
| 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 | $620 |
Grants Awarded
Over the last fiscal year, Fuel Freedom Foundation has awarded $175,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FDN FOR DEFENSE DEMOCRACIES PURPOSE: RESEARCH | $125,000 |
IAGS-INST ANALYSIS GLOBAL SEC PURPOSE: RESEARCH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
International Scientific Assoc For Probiotics And Prebiotics Inc Sacramento, CA | $2,510,903 | $806,530 |
Society Of Cosmetic Chemists Los Angeles, CA | $1,013,524 | $419,473 |
Chemical Awareness Training Institute Inc Phoenix, AZ | $378,645 | $0 |
Cheai Research Inc San Jose, CA | $18,086 | $0 |
Fuel Freedom Foundation Rancho Santa Margarita, CA | $30,234 | $52,518 |
Climate Change Truth Portland, OR | $0 | $0 |