American Gas Foundation
- Assets
- $738.2k
- Revenue
- $501.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Washington, DC
- Founding
- 07/1989
- Data as of
- 12/2022
- EIN
- 54-1501306
Organization Overview
American Gas Foundation is located in Washington, DC. The organization was established in 1989. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American 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 12/2022, American Gas Foundation generated $501.1k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $195.5k during the year ending 12/2022. 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
THE MISSION OF THE AMERICAN GAS FOUNDATION IS TO BE AN INDEPENDENT SOURCE OF INFORMATION, RESEARCH AND PROGRAMS ON ENERGY AND ENVIRONMENTAL ISSUES THAT AFFECT PUBLIC POLICY, WITH A PARTICULAR EMPHASIS ON NATURAL GAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDY #1 - ASSESSING POLICY DESIGN AND REGULATORY FRAMEWORKS FOR ENABLING INVESTMENTS IN ENERGY SYSTEM RESILIENCETHE OBJECTIVE OF THIS STUDY IS TO CONDUCT RESEARCH THAT EXAMINES AND ANSWERS THE FOLLOWING QUESTIONS:1. WHAT CHANGES ARE NEEDED TO THE CURRENT REGULATORY FRAMEWORK THAT COULD ENABLE UTILITY INFRASTRUCTURE INVESTMENTS TO ENHANCE ENERGY SYSTEM RESILIENCE?2. WHAT APPROACHES CAN BE USED FOR MEASURING THE RESILIENCE OF THE ENERGY SYSTEM?3. HOW CAN RESILIENCE BE VALUED AND CONSIDERED IN THE REGULATORY JUSTIFICATION FOR ENERGY SYSTEM INFRASTRUCTURE INVESTMENTS?4. HOW MAY REGULATORY FRAMEWORKS AND COST OF SERVICE RECOVERY ANALYSIS BE MODIFIED TO RECOGNIZE THE INCREASING INTERDEPENDENCIES OF THE GAS AND ELECTRIC SYSTEMS TO ENHANCE OVERALL ENERGY SYSTEM RESILIENCE?
STUDY #2 - ASSESSING POLICY OPTIONS FOR ADVANCING THE DEMAND FOR LOW-CARBON SUPPLY RESOURCES FOR GAS DISTRIBUTION COMPANIESTHE OBJECTIVE OF THIS STUDY IS TO CONDUCT RESEARCH AND PERFORM QUALITATIVE AND QUANTITATIVE ANALYSES THAT ANSWER THE FOLLOWING QUESTIONS:1. WHAT BARRIERS/OBSTACLES EXIST IN THE CURRENT REGULATORY LANDSCAPE AT THE STATE LEVEL FOR NATURAL GAS UTILITIES TO ADVANCE LOW CARBON RESOURCES?2. WHAT ARE THE BEST REGULATORY PRACTICES AVAILABLE TO GIVE UTILITIES A REASONABLE OPPORTUNITY TO TRANSITION TO LOW-CARBON GAS RESOURCES? WILL THOSE BEST PRACTICES CHANGE IN A CARBON-NEUTRAL ENVIRONMENT?3. WHAT RATE DESIGN CHARACTERISTICS WILL ALLOW UTILITIES TO RECOVER COSTS AND EARN AN ADEQUATE RATE OF RETURN IN THE CARBON-NEUTRAL ENVIRONMENT?4. WHAT POLICY CHANGES ARE REQUIRED TO ALLOW UTILITIES TO INTRODUCE HIGHER-PRICED GASES LIKE RNG AND HYDROGEN INTO THE DISTRIBUTION SYSTEM?
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maryam Brown Chair | OfficerTrustee | 1 | $0 |
Kevin Akers Trustee | Trustee | 1 | $0 |
David Anderson Trustee | Trustee | 1 | $0 |
David Biegler Trustee (to 5/22) | Trustee | 1 | $0 |
David Carroll Trustee | Trustee | 1 | $0 |
Pedro Cherry Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Concentric Energy Advisors Consultant | 12/30/21 | $107,007 |
Guidehouse Consultant | 12/30/21 | $145,625 |
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 | $501,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $501,000 |
| Total Program Service Revenue | $0 |
| Investment income | $68 |
| 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 | $501,068 |
| 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. | $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 | $98,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,607 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,598 |
| Information technology | $4,991 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,880 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $9,692 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,387 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $195,523 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $734,637 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $3,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $738,217 |
| Accounts payable and accrued expenses | $22,876 |
| 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 | $4,184 |
| Total liabilities | $27,060 |
| Net assets without donor restrictions | $671,157 |
| Net assets with donor restrictions | $40,000 |
| 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 | $738,217 |