National Propane Gas Foundation
- Assets
- $4.2m
- Revenue
- $375.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 08/1972
- Data as of
- 02/2022
- EIN
- 23-7122755
Organization Overview
National Propane Gas Foundation is located in Washington, DC. The organization was established in 1972. According to its NTEE Classification (U12) the organization is classified as: Fund Raising & Fund Distribution, 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. National Propane Gas 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 02/2022, National Propane Gas Foundation generated $375.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $141.4k during the year ending 02/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATION AND RESEARCH - SEE PART III AND SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL PROGRAM ACTIVITIES CENTER AROUND PROCURING CONTRIBUTIONS AND RAISING MONEY TO PROMOTE AND AWARD SCHOLARSHIPS. IN FY2022, THERE WERE 101 AWARDEES TOTALING $130,334 IN SCHOLARSHIP AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Barry Trustee | Trustee | 2 | $0 |
Joe Buschur Trustee | Trustee | 2 | $0 |
Michelle Bimson Maggi Trustee | Trustee | 2 | $0 |
Thomas Jaenicke Trustee | Trustee | 2 | $0 |
Thomas Knauff Trustee | Trustee | 2 | $0 |
Thomas Manson Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $171,517 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $173,117 |
| Total Program Service Revenue | $0 |
| Investment income | $147,012 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,431 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $375,560 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $130,334 |
| 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 | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,077 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $141,411 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,310 |
| Savings and temporary cash investments | $16,611 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,870 |
| 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 | $930 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $4,142,473 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,168,194 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $2,400 |
| 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 | $0 |
| Total liabilities | $2,400 |
| Net assets without donor restrictions | $611,178 |
| Net assets with donor restrictions | $3,554,616 |
| 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 | $4,168,194 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that National Propane Gas Foundation has recieved totaling $550.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $550 |
Endowment Analysis
| Beg. Balance | $2,875,912 |
| Net Contributions | $142,750 |
| Ending Balance | $3,018,662 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Us Civilian Research And Development Foundation Arlington, VA | $79,574,432 | $31,963,262 |
National Academy Of Engineering Fund Washington, DC | $96,772,994 | $10,361,868 |
The Foundation Of The Virginia Air And Space Center And The Hampton Hampton, VA | $546,737 | $591,543 |
Csab Inc Towson, MD | $974,753 | $312,499 |
National Propane Gas Foundation Washington, DC | $4,168,194 | $375,560 |
American Friends Of The Us-Israel Binational Science Foundation North Bethesda, MD | $35,127 | $77,500 |
Wwbbc Alexandria, VA | $15,312 | $0 |
D&m Foundation Great Falls, VA | $16 | $0 |