Nc Propane Education & Research Foundation
- Assets
- $219.6k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 08/1998
- Data as of
- 12/2021
- EIN
- 56-2093923
Organization Overview
Nc Propane Education & Research Foundation is located in Raleigh, NC. The organization was established in 1998. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. NC Propane Education & Research 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 12/2021, NC Propane Education & Research Foundation generated $1.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, NC Propane Education & Research Foundation has awarded 14 individual grants totaling $2,232,851. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE USE OF PROPANE GAS AND PROVIDE TRAINING FOR INDUSTRY PERSONNEL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE THE SAFE USAGE OF PROPANE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Boyd President | OfficerTrustee | 1 | $0 |
Phil Farris Treasurer | OfficerTrustee | 1 | $0 |
Emily Willis Secretary | OfficerTrustee | 1 | $0 |
John Jessup Executive Director | Officer | 1 | $0 |
Joe Phillips Director | Trustee | 1 | $0 |
Amy Dean Director | Trustee | 1 | $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 | $361,330 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $361,330 |
| Total Program Service Revenue | $739,911 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,101,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $900,015 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $860 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $195,274 |
| Advertising and promotion | $41,455 |
| Office expenses | $966 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $89 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,323 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,554,184 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $219,547 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $58 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $219,605 |
| Accounts payable and accrued expenses | $0 |
| 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 | $19,786 |
| Total liabilities | $19,786 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $199,819 |
| 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 | $219,605 |
Grants Awarded
Over the last fiscal year, Nc Propane Education & Research Foundation has awarded $890,409 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Raleigh, NC PURPOSE: SAFETY EDUCATION & TRAINING FACILITY | $880,409 |
Raleigh, NC PURPOSE: NC CLEAN TRANSPORTATION RESEACH AND EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Society Of Black Engineers Alexandria, VA | $28,465,255 | $16,810,333 |
Mitre Engenuity Incorporated Mclean, VA | $0 | $8,318,024 |
South Carolina Research Authority columbia, SC | $104,791,332 | $17,524,075 |
Analysis And Resilience Center For Systemic Risk Inc Arlington, VA | $11,004,408 | $11,753,500 |
Technical Association Of The Pulp & Paper Industry Inc Peachtree Corners, GA | $27,342,893 | $7,884,355 |
Commonwealth Center For Advanced Manufacturing Disputanta, VA | $5,017,532 | $9,261,714 |
Wireless Research Center Of North Carolina Wake Forest, NC | $2,680,881 | $4,143,333 |
Nc Propane Education & Research Foundation Raleigh, NC | $219,605 | $1,101,241 |
North Carolina Technology Association Inc Raleigh, NC | $1,304,382 | $1,458,106 |
The Conservative Caucus Foundation Fairfax, VA | $117,863 | $1,627,492 |
Association For Information Science & Technology Leesburg, VA | $2,529,650 | $1,245,429 |
Georgiafirst Robotics Inc Cumming, GA | $615,858 | $592,170 |