Fuel Foundation is located in Alexandria, VA. The organization was established in 2014. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel 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 09/2023, Fuel Foundation generated $185.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $235.6k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDED PAY IT FORWARD SCHOLARSHIP GRANTS TO 10 STUDENTS WHO DEMONSTRATE STRONG ACADEMIC ACHIEVEMENT, AS WELL AS DEDICATION TO THEIR COMMUNITIES THROUGH VOLUNTEERISM.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jason Mcauliffe Immediate Past Chair | 1 | $0 | |
Stephen Hightower II Chair | 0.5 | $0 | |
Paul Reid Member | 1 | $0 | |
Eddie Martin Member | 0.5 | $0 | |
Michael Ports Member | 0.5 | $0 | |
William S Shipley III Member | 0.5 | $0 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $183,700 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $2,056 |
Other Revenue | $0 |
Total Revenue | $185,756 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $0 |
Professional fees and other payments to independent contractors | $0 |
Occupancy, rent, utilities, and maintenance | $0 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $200,605 |
Total expenses | $235,605 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $285,216 |
Other assets | $0 |
Total assets | $311,869 |
Total liabilities | $0 |
Net assets or fund balances | $311,869 |