Fuels Institute
- Assets
- $439.9k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 1
- Location
- Alexandria, VA
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-2083021
Organization Overview
Fuels Institute is located in Alexandria, VA. The organization was established in 2014. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuels Institute is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Fuels Institute generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 19.3% 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
THE FUELS INSTITUTE IS A RESEARCH-BASED ORGANIZATION CREATED TO PROVIDE RELIABLE, COMPREHENSIVE, AND BALANCED RESEARCH AND ANALYSIS CONCERNING TRANSPORTATION FUELS, VEHICLES, AND RELATED POLICY ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUELS INSTITUTE COMMISSIONS RESEARCH STUDIES AND PUBLISHES RESEARCH PROJECTS DESIGNED TO ANSWER MARKET QUESTIONS RELATING TO THE TRANSPORTATION-ENERGY SECTOR AS WELL AS CONVENED IN-PERSON MEETINGS OF THE BOARD OF ADVISORS AND BOARD OF DIRECTORS TO SET THE RESEARCH AGENDA.THE FUELS INSTITUTE STARTED THE ELECTRIC VEHICLE COUNCIL TO ANSWER QUESTIONS, ELIMINATE CONFUSION AND PROVIDE GUIDANCE FOR SUCCESS RELATIVE TO THE INSTALLATION AND OPERATION OF RETAIL ELECTRIC VEHICLE CHARGING STATIONS THROUGH STAKEHOLDER COLLABORATION, OBJECTIVE RESEARCH AND MARKET EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeffrey Hove Vice President | Officer | 37.5 | $184,000 |
Amanda Applebaum Diretor, Research | 37.5 | $148,000 | |
Donovan Woods Director, Operations (thru 10/21) | 37.5 | $104,154 | |
John Eichberger Executive Director | Officer | 5 | $50,000 |
Ron Sabia Chairman | OfficerTrustee | 0.2 | $0 |
Robert Wimmer Treasurer | OfficerTrustee | 0.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ihs Global Inc Consulting Services - Electric Vehicle C | 12/30/21 | $165,000 |
Ricardo Inc Data & Research Studies | 12/30/21 | $138,720 |
Icf Incorporated Llc Electric Vehicle Charging Station Policy | 12/30/21 | $102,833 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $600,000 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $388,105 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $988,105 |
| Total Program Service Revenue | $766,514 |
| 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 | $1,757,469 |
| 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. | $317,002 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $567,720 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,576 |
| Fees for services: Management | $36,870 |
| Fees for services: Legal | $32,722 |
| 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 | $5,700 |
| Advertising and promotion | $25,056 |
| Office expenses | $3,910 |
| Information technology | $14,868 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $9,510 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $68,478 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | -$33,456 |
| Total functional expenses | $1,661,600 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $313,337 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $125,633 |
| 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 | $978 |
| 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 | $439,948 |
| Accounts payable and accrued expenses | $161,878 |
| 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 | $451 |
| Total liabilities | $162,329 |
| Net assets without donor restrictions | $277,619 |
| 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 | $439,948 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Fuels Institute has recieved totaling $600,000.
| Awarding Organization | Amount |
|---|---|
The Nacs Foundation Alexandria, VA PURPOSE: PROGRAM SUPPORT | $400,000 |
National Association Of Convenience Stores Inc Alexandria, VA PURPOSE: SUPPORT FOR PROGRAM SERVICES | $200,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Executive Leadership Council Inc Washington, DC | $54,122,664 | $27,390,915 |
Stoddard Baptist Home Washington, DC | $9,543,224 | $16,392,235 |
Voter Registration Project Washington, DC | $11,195,050 | $17,087,982 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Robert F Kennedy Center For Justice And Human Rights Washington, DC | $60,116,357 | $7,527,165 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Valley Health Care Inc Mill Creek, WV | $12,122,859 | $14,871,772 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
Target Community & Educational Services Inc Westminster, MD | $11,202,014 | $11,395,481 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |