Fuel Fund Of Central Md Inc

Organization Overview

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 06/2022, Fuel Fund Of Central MD Inc employed 10 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 06/2022, Fuel Fund Of Central MD Inc generated $3.6m 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 (5.4%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (10.1%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

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 MARYLAND HOUSEHOLDS TO KEEP THEIR POWER SAFELY CONNECTED DURING TIMES OF A UTILITY HARDSHIOP (POWER TURNED OFF, IMPENDING TURN OFF NOTICE OR HIGH UTILITY ARREARAGE). BEYOND DIRECT FINANCIAL ASSISTANCE, AN IMPORTANT COMPONENT OF FUEL FUND SUPPORT IS THE DISTRIBUTION OF ENERGY CREDITS. BGE CURRENTLY MAKES UP TO $2 MILLION IN RATEPAYER-FUNDED CREDITS ON AN ANNUAL BASIS, 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 FINANCIAL ASSISTANCE APPROVAL. THE ADVANTAGE CREATED BY USE OF THESE CREDITS HAS DIRECTLY RESULTED IN MORE HOUSEHOLDS BEING ASSISTED BY THE FUEL FUND ON AN ANNUAL BASIS. FOR EXAMPLE, THE FUEL FUND CAN SATISFY A $300 BILL BY UTILIZING $100 IN DONATED FUNDS COMBINED WITH BGE CREDITS PLUS OTHER CHARITABLE CONTRIBUTIONS (SUCH AS FOUNDATION FUNDS) ON BEHALF OF THE CLIENTS AS WELL AS A PAYMENT 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 38 PERCENT OF THEIR MONTHLY INCOME FOR HOME ENERGY, WHEREAS 6 PERCENT IS CONSIDERED AFFORDABLE. ENERGY POVERTY IS A CRIPPLING FINANCIAL BURDEN FOR LOW-INCOME HOUSEHOLDS, LEAVING LITTLE MONEY AVAILABLE FOR HOUSING, FOOD, OR MEDICAL CARE.FROM JULY 1, 2021 - JUNE 30, 2022, THE FUEL FUND OF MARYLAND PROVIDED APPOXIMATELY $1.3 MILLION DOLLARS IN FINANCIAL ASSISTANCE TO 4,417 LOW-INCOME HOUSEHOLDS WITHIN THE BGE SERVICE TERRITORY WHO WERE STRUGGLING WITH A UTILITY HARDSHIP.IN FY 22, THE FUEL FUND OF MARYLAND IMPLEMENTED A NEW PROGRAM, SILVER LIGHTS, WHICH MEETS THE NEEDS OF SENIORS (60+) AND THOSE WITH CRITICAL MEDICAL NEEDS. A DEDICTED FUEL FUND OF MARYLAND STAFF PERSON PROVIDES 1:1 NAVIGATIONAL ASSISTANCE TO THE SILVER LIGHTS CLIENTS THROUGH THE ENERGY ASSISTANCE PROCESS, REMOVING THE DIGITAL DIVIDE FOR THIS DEMOGRAPHIC. FROM JULY 1, 2021 - JUNE 30, 2022, THE FUEL FUND OF MARYLAND ASSISTED 1,747 SILVER LIGHTS HOUSEHOLDS, A 336 PERCENT INCREASE FROM FY 21.


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Board, Officers & Key Employees

Name (title)Compensation
Lauren Zeigler
Treasurer
$0
Todd A Carter
Director
$0
Sean Dunphy
President
$0
Phil Leadore
Director
$0
Brandi Neiland
Director
$0
Joe Tumminello
Vice President
$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$3,436,411
Noncash contributions included in lines 1a–1f $1,638,450
Total Revenue from Contributions, Gifts, Grants & Similar$3,436,411
Total Program Service Revenue$0
Investment income $87,078
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $112,352
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,635,841

Grants Awarded

Over the last fiscal year, Fuel Fund Of Central Md Inc has awarded $3,982,691 in support to 2 organizations.

Grant RecipientAmount

GRID ALTERNATIVES

PURPOSE: RECIPIENT ORGANIZATION PROVIDES SOLAR PANELS TO HOMEOWNERS AS AN ALTERNATE SOURCE OF ENERGY.

$28,485

BALTIMORE GAS & ELECTRIC

PURPOSE: RECIPIENT ORGANIZATION DISTRIBUTES FUNDS TO INDIVIDUALS TO ASSIST IN PAYING ENERGY BILLS.

$3,954,206
View Grant Profile

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