Overview
What is Oil Heat Institute Inc?
The Oil Heat Institute Inc, based in Warren, Rhode Island, is a nonprofit organization dedicated to supporting and advocating for the oil heat industry. With a small team of two employees, their primary mission is to promote the sale of oil heat and safeguard the interests of consumers. They achieve this by providing relevant information to members of the oil heat industry and the public at large, advocating for reasonable laws and regulations in the petroleum sector, and opposing any unreasonable rules that may negatively impact the industry. The Institute's purpose is to act as a liaison between the industry and the public, ensuring a balanced and well-informed approach to policies affecting oil heat.
Official website here: www.oilheatinri.com
Is Oil Heat Institute Inc legitimate?
Oil Heat Institute Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Oil Heat Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $95,113
Professional Fundraising Fees: $0
Other Salaries and Wages: $22,652
For more financial information, click here
Official website here: www.oilheatinri.com
What is the mission statement of Oil Heat Institute Inc?
The Oil Heat Institute Inc's mission is centered around promoting the sale of oil heat and safeguarding the interests of consumers. The organization serves as a platform to disseminate relevant information to members of the oil heat industry and the general public. Furthermore, the Institute actively advocates for reasonable laws, ordinances, and regulations that positively impact the petroleum industry. Conversely, it opposes any unreasonable regulations that may negatively affect the sector. In essence, the Institute's primary goal is to ensure a balanced and consumer-friendly petroleum industry environment.
Official website here: www.oilheatinri.com
Who is the CEO of Oil Heat Institute Inc?
Suzanne Melo is the President of Oil Heat Institute Inc.
Official website here: www.oilheatinri.com
What is the revenue of Oil Heat Institute Inc?
Oil Heat Institute Inc's revenue in 2022 was $218,052.
Official website here: www.oilheatinri.com
Who are the executives of Oil Heat Institute Inc and what are their salaries?
The average compensation at Oil Heat Institute Inc during 2022 was $58,882. There are 2 employees and 10 volunteers at Oil Heat Institute Inc.
Here are 11 key members and their salaries:
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Official website here: www.oilheatinri.com
Where can I find the form 990 for Oil Heat Institute Inc?
Oil Heat Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.oilheatinri.com
Learn more at the official website: www.oilheatinri.com
Mission Statement of Oil Heat Institute Inc
The Oil Heat Institute Inc, in its mission, strives to promote the sale of oil heat and safeguard the interests of consumers. The organization serves to disseminate information to members of the oil heat industry and the general public. Furthermore, the Institute engages in advocacy efforts, working to establish reasonable laws, ordinances, and regulations affecting the petroleum industry in general while opposing unreasonable ones. Its purpose is to protect and enhance the interests of both the industry and its consumers.
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Impact
October, 2024
Oil Heat Institute Inc plays a significant role in supporting the oil heat industry while prioritizing consumer interests. By promoting the sale of oil heat, the Institute helps ensure a stable market for this energy source, which can be critical for heating homes and businesses. Its commitment to educating both industry members and the general public fosters a better understanding of oil heat, leading to informed decisions that benefit consumers.
Furthermore, the Institute actively engages in advocacy, pushing for reasonable laws and regulations that impact the petroleum industry. This proactive stance ensures that the interests of consumers and industry stakeholders are represented, while also opposing unwarranted legislation that could hinder the industry's viability. By balancing these efforts, Oil Heat Institute Inc helps create a more favorable environment for both the industry and its consumers, contributing to community improvement through reliable heating solutions.
This information is meant to be a general summary of Oil Heat Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,475
- Program Service Revenue: $210,696
- Gross Receipts: $241,349
Assets and Liabilities:
- Total Assets: $285,135
- Total Liabilities: $33,151
- Net Assets: $251,984
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCE REVENUE
Revenue
$445
EDUCATIONAL SEMINARS
Revenue
$67,114
MEMBERSHIP DUES
Revenue
$135,287
REIMBURSEMENTS
Revenue
$7,850
Organization Details
Founding Year
1961
Phone
(401) 619-4553Principal Officer
Suzanne Melo
Main Address
16 MILLER STREET STE B, WARREN, RI, 02885
Website
www.oilheatinri.comNTEE Category
Code: S41 - Community improvement
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