New England Fuel Institute Inc
- Assets
- $718.9k
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 8
- Location
- Wilmington, MA
- Founding
- 02/1967
- Data as of
- 12/2021
- EIN
- 04-2078321
Organization Overview
New England Fuel Institute Inc is located in Wilmington, MA. The organization was established in 1967. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, New England Fuel Institute Inc employed 8 individuals. This organization is the central organization for a national or regional group of organizations. New England 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, New England Fuel Institute Inc generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 4.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
INFORM PRIVATE INDUSTRY AND PUBLIC REGARDING HOME HEATING FUEL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GENERAL MEMBERSHIP ACTIVITIES - SUPPORT THE FUEL INDUSTRY AND MEMBERS ON A POLITICAL AND CORPORATE LEVEL BY BEING A PRESENCE IN WASHINGTON DC TO ENSURE THAT THE INDUSTRY HAS A VOICE WITH THE ONGOINGS AND DECISIONS BEING MADE IN GOVERNMENT WHICH AFFECT THE FUEL INDUSTRY. ALSO TO PROVIDE A PLATFORM FOR THE MEMBERS TO SHARE IDEAS AND KEEP UP TO DATE ON INDUSTRY BY SETTING UP MEETINGS AND EDUCATIONAL CONFERENCES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Edward Scott Chairperson | Trustee | 1 | $149,703 |
James Collura Vice President | 40 | $127,290 | |
Lisa Avery Business Manager | 40 | $100,232 | |
Peter Aziz Immediate Past Chairperson | OfficerTrustee | 3 | $0 |
Claudette Townsend Secretary | OfficerTrustee | 3 | $0 |
Michael Estes Director | OfficerTrustee | 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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,750,277 |
| 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 | $1,881,576 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $149,703 |
| Compensation of current officers, directors, key employees. | $37,426 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $56,025 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $42,577 |
| Fees for services: Accounting | $51,428 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $273,136 |
| Advertising and promotion | $69,373 |
| Office expenses | $12,685 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,313 |
| Travel | $1,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $248,361 |
| Interest | $5,536 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $14,462 |
| Insurance | $402,264 |
| All other expenses | $27,249 |
| Total functional expenses | $1,965,489 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $470,468 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $141,312 |
| 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 | $62,074 |
| Net Land, buildings, and equipment | $29,258 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $15,800 |
| Total assets | $718,912 |
| Accounts payable and accrued expenses | $67,472 |
| Grants payable | $0 |
| Deferred revenue | $124,799 |
| 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 | $424,421 |
| Other liabilities | $0 |
| Total liabilities | $616,692 |
| Net assets without donor restrictions | $102,220 |
| 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 | $718,912 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
Massachusetts Corrections Officers Federated Union Milford, MA | $5,016,192 | $3,161,226 |
Deerfield Fair Association Inc Deerfield, NH | $6,809,615 | $2,535,267 |
New England Fuel Institute Inc Wilmington, MA | $718,912 | $1,881,576 |
Champlain Valley Exposition Inc Essex Junction, VT | $5,539,435 | $1,655,626 |
Hampshire Franklin And Hampden Agricultural Soc Northampton, MA | $5,535,484 | $2,024,301 |
Rensselaer County Agricultural And Horticultural Society Schaghticoke, NY | $177,388 | $1,283,672 |
The Woodstock Agricultural Society Woodstock, CT | $6,649,911 | $1,484,894 |
A Taste Of Buffalo Inc Lancaster, NY | $218,839 | $1,255,644 |
Washington County Fair Inc Greenwich, NY | $4,674,177 | $1,578,526 |
Rochester Fringe Festival Inc Rochester, NY | $674,965 | $1,364,718 |
Hopkinton State Fair Association Contoocook, NH | $1,258,390 | $1,344,000 |