Fuel Incorporated is located in Fort Washington, MD. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fuel Incorporated 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 12/2023, Fuel Incorporated generated $31.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 40.1% each year . All expenses for the organization totaled $29.2k during the year ending 12/2023. While expenses have increased by 38.1% per year over the past 4 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE MENTORING AND SCHOLARSHIP SERVICES TO ELEVATE LIVES BY FUELING SPIRITUAL FAMILY AND EDUCATIONAL VALUES
Describe the Organization's Program Activity:
Part 3
PROVIDED MENTORING SERVICES TO YOUNG ADULTS
SCHOLARSHIP PROGRAM
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bernard Collins President | 15 | $0 | |
Darcel Collins Chairman | 15 | $0 | |
Barbara Butler Member | 0 | $0 | |
Barbara Gray Member | 0 | $0 | |
Laurie C Maxwell Member | 0 | $0 | |
Anita Gebbie-Deisch Member | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $14,493 |
| Total Program Service Revenue | $11,220 |
| Membership dues | $0 |
| Investment income | $5,824 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $31,537 |
| 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 | $595 |
| Occupancy, rent, utilities, and maintenance | $11,700 |
| Printing, publications, postage, and shipping | $85 |
| Other expenses | $16,822 |
| Total expenses | $29,202 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $1,091 |
| Other assets | $0 |
| Total assets | $1,091 |
| Total liabilities | $0 |
| Net assets or fund balances | $1,091 |