Fuel Fund Of Central Md Inc is located in Timonium, MD. The organization was established in 1981. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Fuel Fund Of Central MD Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel Fund Of Central MD 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 06/2021, Fuel Fund Of Central MD Inc generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 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 PROVIDE FINANCIAL ASSISTANCE TO LOW INCOME FAMILIES FOR HOUSEHOLD HEATING AND UTILITY BILLS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUEL FUND OF MARYLAND SERVES AS A VITAL, NON-GOVERNMENTAL COMPONENT OF THE SOCIAL SAFETY NET DELIVERING FLEXIBILITY THROUGH INDEPENDENCE, ACCOUNTABILITY THROUGH SOUND GOVERNANCE, AND QUALITY SERVICE DELIVERY THROUGH MORE THAN THREE DECADES OF EXPERIENCE. THE IMMEDIATE IMPACT OF FUEL FUND ASSISTANCE IS FOR A FAMILY STRUGGLING TO AFFORD A UTILITY BILL (WITH A HOUSEHOLD INCOME AT OR BELOW 200-PERCENT OF POVERTY) AND THEIR ABILITY TO KEEP THEIR LIGHTS ON AND HEATING AND COOLING SYSTEMS OPERATIONAL. THE SUPPORT WE PROVIDE IS A BENEFIT TO THE COMMUNITY AT LARGE. OUR HELP PREVENTS FIRES, ENABLES CHILDREN TO HAVE COOKED MEALS AND DO THEIR HOMEWORK; FREES UP RESOURCES TO PAY RENT, SUPPORTS LIFE-SAVING MEDICATIONS, AND EVEN SAVES MONEY TOWARD A HOUSEHOLD'S NEXT UTILITY BILL.THROUGH THE UTILITY ASSISTANCE DEPARTMENT, THE FUEL FUND OF MARYLAND PROVIDES FINANCIAL AND COMMUNITY RESOURCES TO LOW-INCOME MARYLANDERS TO KEEP THEIR POWER SAFELY CONNECTED DURING TIMES OF FINANCIAL CRISIS. BEYOND DIRECT FINANCIAL ASSISTANCE, AN IMPORTANT COMPONENT OF FUEL FUND SUPPORT IS THE DISTRIBUTION OF ENERGY CREDITS. BGE CURRENTLY MAKES AVAILABLE NEARLY $2.3 MILLION IN RATEPAYER-FUNDED CREDITS, WHICH ARE ADMINISTERED BY THE FUEL FUND. AT THE RATE OF $.50 FOR EVERY $1 OF PRIVATE MONEY PAID ON A BILL, THE FUEL FUND APPLIES THE CREDITS TO THE BGE CUSTOMER'S BILL AT THE TIME OF CASH ASSISTANCE APPROVAL. THE ADVANTAGE CREATED BY THESE CREDITS HAS DIRECTLY RESULTED IN MOREHOUSEHOLDS BEING SERVED. FOR EXAMPLE, THE FUEL FUND CAN SATISFY A $300 BILL BY LEVERAGING $100 IN CASH, WITH BGE BILL CREDITS, OTHER CHARITABLE CONTRIBUTIONS ON THE CLIENT'S BEHALF, AND PAYMENTS BY THE CLIENT. THE FUEL FUND OF MARYLAND IS THE ONLY ORGANIZATION IN THE STATE OF MARYLAND THAT CAN LEVERAGE BGE RATEPAYER-FUNDED CREDITS.MARYLANDERS WITH INCOMES BELOW 50 PERCENT OF THE FEDERAL POVERTY LEVEL PAY NEARLY 40 PERCENT OF THEIR INCOME FOR HOME ENERGY, WHEREAS 6 PERCENT IS CONSIDERED AFFORDABLE. HOME ENERGY IS A CRIPPLING FINANCIAL BURDEN FOR LOW-INCOME HOUSEHOLDS, LEAVING LITTLE MONEY AVAILABLE FOR HOUSING, FOOD, OR MEDICAL CARE.FROM JULY 1, 2020 - JUNE 30, 2021, THE FUEL FUND OF MARYLAND PROVIDED FINANCIAL ASSISTANCE TO 3,437 LOW INCOME HOUSEHOLDS WITH A MEDIAN MONTHLY INCOME OF $1,983.00.
THE FUEL FUND OF MARYLAND SERVES AS A VITAL, NON-GOVERNMENTAL COMPONENT OF THE SOCIAL SAFETY NET DELIVERING FLEXIBILITY THROUGH INDEPENDENCE, ACCOUNTABILITY THROUGH SOUND GOVERNANCE, AND QUALITY SERVICE DELIVERY THROUGH MORE THAN THREE DECADES OF EXPERIENCE. THE IMMEDIATE IMPACT OF FUEL FUND ASSISTANCE IS FOR A FAMILY STRUGGLING TO AFFORD A UTILITY BILL (WITH A HOUSEHOLD INCOME AT OR BELOW 200-PERCENT OF POVERTY) AND THEIR ABILITY TO KEEP THEIR LIGHTS ON AND HEATING AND COOLING SYSTEMS OPERATIONAL. THE SUPPORT WE PROVIDE IS A BENEFIT TO THE COMMUNITY AT LARGE. OUR HELP PREVENTS FIRES, ENABLES CHILDREN TO HAVE COOKED MEALS AND DO THEIR HOMEWORK; FREES UP RESOURCES TO PAY RENT, SUPPORTS LIFE-SAVING MEDICATIONS, AND EVEN SAVES MONEY TOWARD A HOUSEHOLD'S NEXT UTILITY BILL.THROUGH THE UTILITY ASSISTANCE DEPARTMENT, THE FUEL FUND OF MARYLAND PROVIDES FINANCIAL AND COMMUNITY RESOURCES TO LOW-INCOME MARYLANDERS TO KEEP THEIR POWER SAFELY CONNECTED DURING TIMES OF FINANCIAL CRISIS. BEYOND DIRECT FINANCIAL ASSISTANCE, AN IMPORTANT COMPONENT OF FUEL FUND SUPPORT IS THE DISTRIBUTION OF ENERGY CREDITS. BGE CURRENTLY MAKES AVAILABLE NEARLY $2.3 MILLION IN RATEPAYER-FUNDED CREDITS, WHICH ARE ADMINISTERED BY THE FUEL FUND. AT THE RATE OF $.50 FOR EVERY $1 OF PRIVATE MONEY PAID ON A BILL, THE FUEL FUND APPLIES THE CREDITS TO THE BGE CUSTOMER'S BILL AT THE TIME OF CASH ASSISTANCE APPROVAL. THE ADVANTAGE CREATED BY THESE CREDITS HAS DIRECTLY RESULTED IN MOREHOUSEHOLDS BEING SERVED. FOR EXAMPLE, THE FUEL FUND CAN SATISFY A $300 BILL BY LEVERAGING $100 IN CASH, WITH BGE BILL CREDITS, OTHER CHARITABLE CONTRIBUTIONS ON THE CLIENT'S BEHALF, AND PAYMENTS BY THE CLIENT. THE FUEL FUND OF MARYLAND IS THE ONLY ORGANIZATION IN THE STATE OF MARYLAND THAT CAN LEVERAGE BGE RATEPAYER-FUNDED CREDITS.MARYLANDERS WITH INCOMES BELOW 50 PERCENT OF THE FEDERAL POVERTY LEVEL PAY NEARLY 40 PERCENT OF THEIR INCOME FOR HOME ENERGY, WHEREAS 6 PERCENT IS CONSIDERED AFFORDABLE. HOME ENERGY IS A CRIPPLING FINANCIAL BURDEN FOR LOW-INCOME HOUSEHOLDS, LEAVING LITTLE MONEY AVAILABLE FOR HOUSING, FOOD, OR MEDICAL CARE.FROM JULY 1, 2020 - JUNE 30, 2021, THE FUEL FUND OF MARYLAND PROVIDED FINANCIAL ASSISTANCE TO 3,437 LOW INCOME HOUSEHOLDS WITH A MEDIAN MONTHLY INCOME OF $1,983.00.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Deborah Brown Director | Officer | 40 | $84,500 |
Camella Caudill Chief Program Officer | Officer | 40 | $50,375 |
Pegi Beecroft Chief Administrative Officer | Officer | 40 | $24,872 |
Lauren Messina Treasurer | OfficerTrustee | 5 | $0 |
Sean Dunphy President | OfficerTrustee | 5 | $0 |
Joe Tumminello Vice President | OfficerTrustee | 5 | $0 |
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 | $4,812,894 |
Noncash contributions included in lines 1a–1f | $1,487,007 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,812,894 |
Total Program Service Revenue | $0 |
Investment income | $71,710 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $298,045 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,182,649 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $3,053,574 |
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. | $132,246 |
Compensation of current officers, directors, key employees. | $9,833 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $253,679 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $17,071 |
Payroll taxes | $30,951 |
Fees for services: Management | $0 |
Fees for services: Legal | $10 |
Fees for services: Accounting | $13,050 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $29,063 |
Fees for services: Other | $91,704 |
Advertising and promotion | $29,854 |
Office expenses | $6,038 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $41,444 |
Travel | $398 |
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 | $32,533 |
Insurance | $11,829 |
All other expenses | $1,153 |
Total functional expenses | $3,790,620 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,860,694 |
Savings and temporary cash investments | $186,717 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $28,385 |
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 | $6,273 |
Net Land, buildings, and equipment | $35,076 |
Investments—publicly traded securities | $4,854,145 |
Investments—other securities | $145,149 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $4,534 |
Total assets | $7,120,973 |
Accounts payable and accrued expenses | $40,367 |
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 | $40,367 |
Net assets without donor restrictions | $2,387,909 |
Net assets with donor restrictions | $4,692,697 |
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 | $7,120,973 |
Over the last fiscal year, Fuel Fund Of Central Md Inc has awarded $3,982,691 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
BALTIMORE GAS & ELECTRIC PURPOSE: RECIPIENT ORGANIZATION DISTRIBUTES FUNDS TO INDIVIDUALS TO ASSIST IN PAYING ENERGY BILLS. | $3,954,206 |
Oakland, CA PURPOSE: RECIPIENT ORGANIZATION PROVIDES SOLAR PANELS TO HOMEOWNERS AS AN ALTERNATE SOURCE OF ENERGY. | $28,485 |
Over the last fiscal year, we have identified 12 grants that Fuel Fund Of Central Md Inc has recieved totaling $146,332.
Awarding Organization | Amount |
---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: GENERAL OPERATING | $36,250 |
Venable Baetjer And Howard Foundation Baltimore, MD PURPOSE: SILVER LIGHTS: PROVIDING UTILITY ASSISTANCE TO SE | $20,000 |
Community Foundation Of Anne Arundel County Inc Annapolis, MD PURPOSE: HUMAN SERVICES | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $11,650 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $10,768 |
Home Builders Care Foundation Inc Fulton, MD PURPOSE: BILL ASSISTANCE/POVERTY | $10,000 |
Beg. Balance | $4,500,000 |
Earnings | $686,011 |
Ending Balance | $5,186,011 |
Organization Name | Assets | Revenue |
---|---|---|
Energy Coordinating Agency Of Philadelphia Inc Philadelhia, PA | $4,156,870 | $17,660,591 |
Housing Opportunities Made Equal Of Virginia Inc Richmond, VA | $4,194,387 | $5,224,528 |
Utility Emergency Services Fund Philadelphia, PA | $5,623,500 | $5,804,088 |
Fuel Fund Of Central Md Inc Timonium, MD | $7,120,973 | $5,182,649 |
Rebuilding Together Baltimore Inc Baltimore, MD | $1,069,101 | $1,810,219 |
Allegheny Council To Improve Our Neighborhood Housing Incorporated East Pittsburgh, PA | $0 | $1,407,000 |
Hughes Neighborhood Housing Inc Wheaton, MD | $2,834,898 | $268,024 |
Allegheny Council To Improve Our Neighborhood Housing Incorporated E Pittsburgh, PA | $1,367,737 | $108,428 |
Allegheny Council To Improve Our Neighborhood Housing Incorporated East Pittsburgh, PA | $1,368,764 | $86,523 |
Allegheny Council To Improve Our Neighborhood Housing Incorporated East Pittsburgh, PA | $398,491 | $88,384 |
Jv Fellowship Fund Bensalem, PA | $971,984 | $66,572 |
Ghent Area Ministry Norfolk, VA | $22,594 | $0 |