National Oilheat Research Alliance
- Assets
- $20.5m
- Revenue
- $7.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Norwalk, CT
- Founding
- 09/2001
- Data as of
- 12/2023
- EIN
- 54-2024246
Organization Overview
National Oilheat Research Alliance is located in Norwalk, CT. The organization was established in 2001. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, National Oilheat Research Alliance employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Oilheat Research Alliance is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, National Oilheat Research Alliance generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $6.9m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, National Oilheat Research Alliance has awarded 219 individual grants totaling $51,194,538. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE PAGE 2, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH, DEVELOPMENT, AND DEMONSTRATION: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $3,041,576 FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM, INCLUDING $1,867,162 IN NATIONAL SPENDING OF PAST YEAR'S ASSESSMENTS REVENUE. IN 2021, THE ALLIANCE BOARD VOTED TO REALLOCATE UP TO $1.0 MILLION IN NATIONAL SPENDING NOT YET INCURRED FOR RESEARCH, DEVELOPMENT, AND DEMONSTRATION TO THOSE STATES THAT HAVE UTILIZED THEIR BUDGETED GRANTS FOR RESEARCH, DEVELOPMENT, AND DEMONSTRATION FOR ADDITIONAL RESEARCH, DEVELOPMENT, AND DEMONSTRATION SPENDING. IN 2021, THE ALLIANCE GRANTED $307,545 IN SUCH NATIONAL FUNDS TO STATES. THE REMAINING AMOUNT OF THE $1.0 MILLION NOT SPENT IN 2021, WAS REALLOCATED IN 2022 IN ADDITION TO UP TO ANOTHER $1.0 MILLION FOR GRANTS TO STATES THAT HAVE USED THEIR RESEARCH, DEVELOPMENT, AND DEMONSTRATION BUDGETS. IN 2022, THE ALLIANCE GRANTED ANOTHER $370,743 TO STATES. IN 2023, THE ALLIANCE GRANTED $613,441 IN SUCH NATIONAL FUNDS TO STATES THAT IS INCLUDED IN THE AMOUNTS GRANTED OR EXPENDED ABOVE. THE ALLIANCE ALSO BUDGETED $1,169,917 IN ADDITIONAL NATIONAL SPENDING FROM 2023 ASSESSMENTS REVENUE TO BE SPENT SUBSEQUENT TO YEAR-END FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM MAKING THE TOTAL FOR 2023, 32 PERCENT OF NET ASSESSMENTS REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028. ADDITIONALLY, UNALLOCATED STATE REBATES OF 2023 ASSESSMENTS REVENUE WILL BE USED FOR THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION PROGRAM.
UNALLOCATED STATE REBATES: IN ADDITION TO THE SPECIFIC PROGRAM COMMITMENTS DISCUSSED PREVIOUSLY, THE ALLIANCE HAS COMMITTED $922,404 TO STATE ORGANIZATIONS, WHICH IS 17 PERCENT OF NET 2023 ASSESSMENT REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028, FOR STATE REBATES THAT HAD NOT YET BEEN ALLOCATED TO A PROGRAM SPECIFIED IN PUBLIC LAW 115-334. THE ALLIANCE PLANS TO ALLOCATE THESE STATE REBATES TO THE RESEARCH, DEVELOPMENT, AND DEMONSTRATION AND/OR HEATING OIL EFFICIENCY AND UPGRADE PROGRAMS. STATE ORGANIZATIONS DEVELOP DETAILED PLANS FOR USE OF THE REBATES TO DO WORK UNDER THESE PROGRAMS. THESE FUNDS WILL BE ALLOCATED BETWEEN PROGRAMS IN ACCORDANCE WITH THE REQUIREMENTS OF PUBLIC LAWS 113-79 AND 115-334 AS DISCUSSED PREVIOUSLY.
CONSUMER EDUCATION, SAFETY, AND TRAINING: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $1,554,774 FOR THE CONSUMER EDUCATION, SAFETY, AND TRAINING PROGRAM, INCLUDING $185,027 IN GRANTS AND SPENDING OF PAST YEAR'S ASSESSMENTS REVENUE. THE ALLIANCE ALSO BUDGETED $257,936 IN ADDITIONAL NATIONAL SPENDING FROM 2023 ASSESSMENTS REVENUE FOR THE CONSUMER EDUCATION, SAFETY, AND TRAINING PROGRAM, MAKING THE TOTAL FOR 2023, 30 PERCENT OF NET ASSESSMENTS REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028.
HEATING OIL EFFICIENCY AND UPGRADE: IN 2023, THE ALLIANCE GRANTED OR EXPENDED $820,638 FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM, INCLUDING $17,785 IN SPENDING OF PAST YEAR'S ASSESSMENTS REVENUE. THE ALLIANCE ALSO BUDGETED $55,289 IN ADDITIONAL NATIONAL SPENDING FROM 2023 ASSESSMENTS REVENUE TO BE SPENT SUBSEQUENT TO YEAR-END FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM, MAKING THE TOTAL FOR 2023, 16 PERCENT OF NET ASSESSMENTS REVENUE AFTER DEDUCTING THE AMOUNT ADDED TO NET ASSETS UNAVAILABLE FOR OBLIGATION UNTIL OCTOBER 1, 2028. ADDITIONALLY, UNALLOCATED STATE REBATES OF 2023 ASSESSMENTS REVENUE WILL BE USED FOR THE HEATING OIL EFFICIENCY AND UPGRADE PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Degesero Treasurer | OfficerTrustee | 2 | $0 |
Scott Vadino Director | Trustee | 1 | $0 |
Mario Bouchard Director | Trustee | 1 | $0 |
Mark Caspers Director | Trustee | 1 | $0 |
Rick Bologna Immediate Past Chairman | OfficerTrustee | 2 | $0 |
Michael Devine President | OfficerTrustee | 40 | $362,472 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Warm Thoughts Communications Research; Efficiency Consulting; Educati | 12/30/23 | $730,013 |
Technical Heating Company Research; Efficiency Consulting; Educati | 12/30/23 | $468,148 |
Boston Environmental Research; Efficiency Consulting; Educati | 12/30/23 | $408,879 |
Primediainc Research; Efficiency Consulting; Educati | 12/30/23 | $217,736 |
Decker Research; Efficiency Consulting; Educati | 12/30/23 | $210,285 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $7,556,537 |
| Investment income | $219,833 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,453 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$7,940 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,771,875 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,269,417 |
| 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. | $715,954 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,240 |
| Pension plan accruals and contributions | $15,629 |
| Other employee benefits | $44,259 |
| Payroll taxes | $46,725 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $96,748 |
| Fees for services: Accounting | $247,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $862,835 |
| Advertising and promotion | $5,950 |
| Office expenses | $48,818 |
| Information technology | $61,203 |
| Royalties | $0 |
| Occupancy | $131,214 |
| Travel | $63,953 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $58,260 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $248 |
| Insurance | $17,787 |
| All other expenses | $8 |
| Total functional expenses | $6,912,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,508,535 |
| Savings and temporary cash investments | $15,818,649 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,436,663 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $7,851 |
| Prepaid expenses and deferred charges | $2,206 |
| Net Land, buildings, and equipment | $785 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $699,603 |
| Total assets | $20,474,292 |
| Accounts payable and accrued expenses | $718,620 |
| Grants payable | $4,839,226 |
| Deferred revenue | $375,490 |
| 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 | $687,625 |
| Total liabilities | $6,620,961 |
| Net assets without donor restrictions | $13,853,331 |
| 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 | $20,474,292 |
Grants Awarded
Over the last fiscal year, National Oilheat Research Alliance has awarded $4,265,027 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
CONNECTICUT ENERGY MARKETERS ASSOCIATION PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $417,649 |
MID-ATLANTIC PETROLEUM DISTRIBUTORS ASSOCIATION INC PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $156,551 |
KENTUCKY PETROLEUM MARKETERS ASSOCIATION PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $47,502 |
MASSACHUSETTS ENERGY MARKETERS ASSOCIATION PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $469,396 |
MAINE ENERGY MARKETERS ASSOCIATION PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $260,655 |
MICHIGAN PETROLEUM ASSOCIATION PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $55,502 |