Fuel Fund Of Central Md Inc

Organization Overview

Fuel Fund Of Central Md Inc is located in Timonium, MD. The organization was established in 1981. According to its NTEE Classification (L82) the organization is classified as: Housing Expense Reduction Support, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Fuel Fund Of Central MD Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel Fund Of Central MD Inc 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 06/2021, Fuel Fund Of Central MD Inc generated $5.2m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $3.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (11.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE FINANCIAL ASSISTANCE TO LOW INCOME FAMILIES FOR HOUSEHOLD HEATING AND UTILITY BILLS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FUEL FUND OF MARYLAND SERVES AS A VITAL, NON-GOVERNMENTAL COMPONENT OF THE SOCIAL SAFETY NET DELIVERING FLEXIBILITY THROUGH INDEPENDENCE, ACCOUNTABILITY THROUGH SOUND GOVERNANCE, AND QUALITY SERVICE DELIVERY THROUGH MORE THAN THREE DECADES OF EXPERIENCE. THE IMMEDIATE IMPACT OF FUEL FUND ASSISTANCE IS FOR A FAMILY STRUGGLING TO AFFORD A UTILITY BILL (WITH A HOUSEHOLD INCOME AT OR BELOW 200-PERCENT OF POVERTY) AND THEIR ABILITY TO KEEP THEIR LIGHTS ON AND HEATING AND COOLING SYSTEMS OPERATIONAL. THE SUPPORT WE PROVIDE IS A BENEFIT TO THE COMMUNITY AT LARGE. OUR HELP PREVENTS FIRES, ENABLES CHILDREN TO HAVE COOKED MEALS AND DO THEIR HOMEWORK; FREES UP RESOURCES TO PAY RENT, SUPPORTS LIFE-SAVING MEDICATIONS, AND EVEN SAVES MONEY TOWARD A HOUSEHOLD'S NEXT UTILITY BILL.THROUGH THE UTILITY ASSISTANCE DEPARTMENT, THE FUEL FUND OF MARYLAND PROVIDES FINANCIAL AND COMMUNITY RESOURCES TO LOW-INCOME MARYLANDERS TO KEEP THEIR POWER SAFELY CONNECTED DURING TIMES OF FINANCIAL CRISIS. BEYOND DIRECT FINANCIAL ASSISTANCE, AN IMPORTANT COMPONENT OF FUEL FUND SUPPORT IS THE DISTRIBUTION OF ENERGY CREDITS. BGE CURRENTLY MAKES AVAILABLE NEARLY $2.3 MILLION IN RATEPAYER-FUNDED CREDITS, WHICH ARE ADMINISTERED BY THE FUEL FUND. AT THE RATE OF $.50 FOR EVERY $1 OF PRIVATE MONEY PAID ON A BILL, THE FUEL FUND APPLIES THE CREDITS TO THE BGE CUSTOMER'S BILL AT THE TIME OF CASH ASSISTANCE APPROVAL. THE ADVANTAGE CREATED BY THESE CREDITS HAS DIRECTLY RESULTED IN MOREHOUSEHOLDS BEING SERVED. FOR EXAMPLE, THE FUEL FUND CAN SATISFY A $300 BILL BY LEVERAGING $100 IN CASH, WITH BGE BILL CREDITS, OTHER CHARITABLE CONTRIBUTIONS ON THE CLIENT'S BEHALF, AND PAYMENTS BY THE CLIENT. THE FUEL FUND OF MARYLAND IS THE ONLY ORGANIZATION IN THE STATE OF MARYLAND THAT CAN LEVERAGE BGE RATEPAYER-FUNDED CREDITS.MARYLANDERS WITH INCOMES BELOW 50 PERCENT OF THE FEDERAL POVERTY LEVEL PAY NEARLY 40 PERCENT OF THEIR INCOME FOR HOME ENERGY, WHEREAS 6 PERCENT IS CONSIDERED AFFORDABLE. HOME ENERGY IS A CRIPPLING FINANCIAL BURDEN FOR LOW-INCOME HOUSEHOLDS, LEAVING LITTLE MONEY AVAILABLE FOR HOUSING, FOOD, OR MEDICAL CARE.FROM JULY 1, 2020 - JUNE 30, 2021, THE FUEL FUND OF MARYLAND PROVIDED FINANCIAL ASSISTANCE TO 3,437 LOW INCOME HOUSEHOLDS WITH A MEDIAN MONTHLY INCOME OF $1,983.00.


THE FUEL FUND OF MARYLAND SERVES AS A VITAL, NON-GOVERNMENTAL COMPONENT OF THE SOCIAL SAFETY NET DELIVERING FLEXIBILITY THROUGH INDEPENDENCE, ACCOUNTABILITY THROUGH SOUND GOVERNANCE, AND QUALITY SERVICE DELIVERY THROUGH MORE THAN THREE DECADES OF EXPERIENCE. THE IMMEDIATE IMPACT OF FUEL FUND ASSISTANCE IS FOR A FAMILY STRUGGLING TO AFFORD A UTILITY BILL (WITH A HOUSEHOLD INCOME AT OR BELOW 200-PERCENT OF POVERTY) AND THEIR ABILITY TO KEEP THEIR LIGHTS ON AND HEATING AND COOLING SYSTEMS OPERATIONAL. THE SUPPORT WE PROVIDE IS A BENEFIT TO THE COMMUNITY AT LARGE. OUR HELP PREVENTS FIRES, ENABLES CHILDREN TO HAVE COOKED MEALS AND DO THEIR HOMEWORK; FREES UP RESOURCES TO PAY RENT, SUPPORTS LIFE-SAVING MEDICATIONS, AND EVEN SAVES MONEY TOWARD A HOUSEHOLD'S NEXT UTILITY BILL.THROUGH THE UTILITY ASSISTANCE DEPARTMENT, THE FUEL FUND OF MARYLAND PROVIDES FINANCIAL AND COMMUNITY RESOURCES TO LOW-INCOME MARYLANDERS TO KEEP THEIR POWER SAFELY CONNECTED DURING TIMES OF FINANCIAL CRISIS. BEYOND DIRECT FINANCIAL ASSISTANCE, AN IMPORTANT COMPONENT OF FUEL FUND SUPPORT IS THE DISTRIBUTION OF ENERGY CREDITS. BGE CURRENTLY MAKES AVAILABLE NEARLY $2.3 MILLION IN RATEPAYER-FUNDED CREDITS, WHICH ARE ADMINISTERED BY THE FUEL FUND. AT THE RATE OF $.50 FOR EVERY $1 OF PRIVATE MONEY PAID ON A BILL, THE FUEL FUND APPLIES THE CREDITS TO THE BGE CUSTOMER'S BILL AT THE TIME OF CASH ASSISTANCE APPROVAL. THE ADVANTAGE CREATED BY THESE CREDITS HAS DIRECTLY RESULTED IN MOREHOUSEHOLDS BEING SERVED. FOR EXAMPLE, THE FUEL FUND CAN SATISFY A $300 BILL BY LEVERAGING $100 IN CASH, WITH BGE BILL CREDITS, OTHER CHARITABLE CONTRIBUTIONS ON THE CLIENT'S BEHALF, AND PAYMENTS BY THE CLIENT. THE FUEL FUND OF MARYLAND IS THE ONLY ORGANIZATION IN THE STATE OF MARYLAND THAT CAN LEVERAGE BGE RATEPAYER-FUNDED CREDITS.MARYLANDERS WITH INCOMES BELOW 50 PERCENT OF THE FEDERAL POVERTY LEVEL PAY NEARLY 40 PERCENT OF THEIR INCOME FOR HOME ENERGY, WHEREAS 6 PERCENT IS CONSIDERED AFFORDABLE. HOME ENERGY IS A CRIPPLING FINANCIAL BURDEN FOR LOW-INCOME HOUSEHOLDS, LEAVING LITTLE MONEY AVAILABLE FOR HOUSING, FOOD, OR MEDICAL CARE.FROM JULY 1, 2020 - JUNE 30, 2021, THE FUEL FUND OF MARYLAND PROVIDED FINANCIAL ASSISTANCE TO 3,437 LOW INCOME HOUSEHOLDS WITH A MEDIAN MONTHLY INCOME OF $1,983.00.


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Board, Officers & Key Employees

Name (title)Compensation
Deborah Brown
Director
$84,500
Camella Caudill
Chief Program Officer
$50,375
Pegi Beecroft
Chief Administrative Officer
$24,872
Lauren Messina
Treasurer
$0
Sean Dunphy
President
$0
Joe Tumminello
Vice President
$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$4,812,894
Noncash contributions included in lines 1a–1f $1,487,007
Total Revenue from Contributions, Gifts, Grants & Similar$4,812,894
Total Program Service Revenue$0
Investment income $71,710
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $298,045
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,182,649

Grants Awarded

Over the last fiscal year, Fuel Fund Of Central Md Inc has awarded $3,982,691 in support to 2 organizations.

Grant RecipientAmount

BALTIMORE GAS & ELECTRIC

PURPOSE: RECIPIENT ORGANIZATION DISTRIBUTES FUNDS TO INDIVIDUALS TO ASSIST IN PAYING ENERGY BILLS.

$3,954,206

GRID ALTERNATIVES

Org PageRecipient Profile

Oakland, CA

PURPOSE: RECIPIENT ORGANIZATION PROVIDES SOLAR PANELS TO HOMEOWNERS AS AN ALTERNATE SOURCE OF ENERGY.

$28,485
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 12 grants that Fuel Fund Of Central Md Inc has recieved totaling $146,332.

Awarding OrganizationAmount
T Rowe Price Program For Charitable Giving Inc

Baltimore, MD

PURPOSE: GENERAL OPERATING

$36,250
Venable Baetjer And Howard Foundation

Baltimore, MD

PURPOSE: SILVER LIGHTS: PROVIDING UTILITY ASSISTANCE TO SE

$20,000
Community Foundation Of Anne Arundel County Inc

Annapolis, MD

PURPOSE: HUMAN SERVICES

$20,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: HUMAN SERVICES

$11,650
Network For Good Inc

Washington, DC

PURPOSE: UNRESTRICTED

$10,768
Home Builders Care Foundation Inc

Fulton, MD

PURPOSE: BILL ASSISTANCE/POVERTY

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$4,500,000
Earnings$686,011
Ending Balance$5,186,011

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