Carolina Fuel Institute Inc
- Assets
- $130.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/1983
- Data as of
- 12/2021
- EIN
- 56-1341886
Organization Overview
Carolina Fuel Institute Inc is located in Raleigh, NC. The organization was established in 1983. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina Fuel Institute Inc 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 12/2021, Carolina Fuel Institute Inc generated $47.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $21.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
CAROLINA FUEL INSTITUTE INCORPORATED WAS BEGUN FOR THE PURPOSE OF PROMOTING THE MERITS OF FUEL OIL AND THAT CONTINUES TO BE ITS SOLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Harris Secretary | 0 | $0 | |
Gene Mclaurin Vice President | 0 | $0 | |
Audrey Shearin Treasurer | 0 | $0 | |
Michael Harrell President | 0 | $0 | |
Beau Waddell Director | 0 | $0 | |
John Clark Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $47,081 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $47,081 |
| 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 | $4,875 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $17,052 |
| Total expenses | $21,927 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $105,988 |
| Other assets | $0 |
| Total assets | $129,988 |
| Total liabilities | $667 |
| Net assets or fund balances | $129,321 |
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