Carolina Fuel Institute Inc
- Assets
- $74.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 04/1983
- Data as of
- 12/2023
- EIN
- 56-1341886
Organization Overview
Carolina Fuel Institute Inc is located in Raleigh, NC. The organization was established in 1983. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carolina 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 12/2023, Carolina Fuel Institute Inc generated $18.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $73.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
CAROLINA FUEL INSTITUTE INCORPORATED WAS ESTABLISHED FOR THE PURPOSE OF PROMOTING THE MERITS OF FUEL OIL AND THAT CONTINUES TO BE ITS SOLE PURPOSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hal Johnson Chairman | 0 | $0 | |
Will Berry Board Member | 0 | $0 | |
Sam Metzler Board Member | 0 | $0 | |
Kevin Garrison Board Member | 0 | $0 | |
Jimmy Mcdonald Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $18,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $6,500 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $66,546 |
| Total expenses | $73,046 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $56,178 |
| Other assets | $0 |
| Total assets | $74,178 |
| Total liabilities | $7,608 |
| Net assets or fund balances | $66,570 |