Fuel Freedom Foundation
- Assets
- $167.9k
- Revenue
- $352.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Rancho Santa Margarita, CA
- Founding
- 06/2012
- Data as of
- 12/2021
- 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 12/2021, Fuel Freedom Foundation generated $352.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (30.3%) each year. All expenses for the organization totaled $237.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.1%) per year over the past 7 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
2021
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 |
|---|---|---|---|
Ilana Meirovitch Sec. & COO | Officer | 40 | $135,000 |
Yossie Hollander Ceo/chairman | OfficerTrustee | 40 | $0 |
Joseph Hollander Chairman | Trustee | 40 | $0 |
Mark Rosenblatt Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lumentus Consulting | 12/30/21 | $7,612 |
Rover Strategies Consulting | 12/30/21 | $15,125 |
Cozen O Connor Consulting | 12/30/21 | $20,000 |
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 | $352,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $352,500 |
| Total Program Service Revenue | $0 |
| Investment income | $8 |
| 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 | $352,508 |
| 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. | $131,149 |
| Compensation of current officers, directors, key employees. | $13,115 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,982 |
| Payroll taxes | $10,636 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,090 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $43,960 |
| Advertising and promotion | $0 |
| Office expenses | $364 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $4,194 |
| 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 | $518 |
| Insurance | $0 |
| All other expenses | $2,231 |
| Total functional expenses | $237,844 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,949 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $167,949 |
| Accounts payable and accrued expenses | $7,572 |
| 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 | $0 |
| Total liabilities | $7,572 |
| Net assets without donor restrictions | $160,377 |
| 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 | $167,949 |
Grants Awarded
Over the last fiscal year, Fuel Freedom Foundation has awarded $175,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: RESEARCH | $125,000 |
Gaithersburg, MD PURPOSE: RESEARCH | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fuel Freedom Foundation has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Marcus Foundation Inc Atlanta, GA PURPOSE: OPERATING EXPENSES | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Society Of Cosmetic Chemists Los Angeles, CA | $1,195,504 | $1,032,561 |
International Scientific Assoc For Probiotics And Prebiotics Inc Sacramento, CA | $1,623,968 | $522,696 |
Fuel Freedom Foundation Rancho Santa Margarita, CA | $167,949 | $352,508 |
Chemical Awareness Training Institute Inc Phoenix, AZ | $306,376 | $0 |
American Chemical Society Honolulu, HI | $709,429 | $84,213 |