Overview
What is Operation Fuel Inc?
Operation Fuel Inc, located at 75 Charter Oak Avenue Suite 1-300, Hartford, CT 06106, is a nonprofit organization dedicated to ensuring equitable access to energy for all. Their primary mission involves providing year-round energy assistance to 9,862 low- and moderate-income Connecticut households who are not eligible for or have exhausted their government benefits. This nonprofit promotes energy independence and advocates for affordable energy, striving to make a positive impact on the energy landscape in the state. With a workforce of 25 individuals, Operation Fuel Inc is committed to supporting its community and helping individuals in need maintain a stable energy supply.
Official website here: www.operationfuel.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100% (Four-Star out of Four Stars) from Charity Navigator.
Operation Fuel Inc has received a perfect score of 100%, achieving a Four-Star rating, which reflects exceptional performance in accountability and finance. The organization demonstrates a strong commitment to transparency and governance, highlighted by its fully independent board and comprehensive financial oversight practices.
The charity excels in its financial ratios, with an impressive program expense ratio of 90.87%, indicating that the majority of its funds are directed toward its programs. Additionally, its fundraising efficiency is commendable, with only $0.05 spent to raise each dollar, showcasing its effective resource management. The organization also maintains a low liability-to-asset ratio of 15.42%, indicating a solid financial foundation.
While the data does not point to any specific limitations, the high rating and detailed financial practices suggest that Operation Fuel Inc is a well-managed nonprofit dedicated to its mission. Overall, the organization’s strong governance and financial health position it favorably in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Operation Fuel Inc legitimate?
Operation Fuel Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Operation Fuel 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,233,421
For more financial information, click here
Official website here: www.operationfuel.org
What is the mission statement of Operation Fuel Inc?
Operation Fuel Inc's mission is centered around ensuring equitable access to energy for all. They accomplish this by providing year-round energy assistance to low- and moderate-income households, promoting energy independence, and advocating for affordable energy. Their year-round program offered assistance to 9,862 Connecticut households who did not qualify for or had exhausted their government benefits. By doing so, Operation Fuel Inc aims to bridge the energy affordability gap and contribute to a more equitable energy landscape.
Official website here: www.operationfuel.org
Who is the CEO of Operation Fuel Inc?
Yana Abramovich is the Co-Chair of Operation Fuel Inc. The CEO's salary of Operation Fuel Inc is $0 and their total compensation is $146,647.
Official website here: www.operationfuel.org
What is the revenue of Operation Fuel Inc?
Operation Fuel Inc's revenue in 2023 was $9,797,168.
Official website here: www.operationfuel.org
Who are the executives of Operation Fuel Inc and what are their salaries?
The average compensation at Operation Fuel Inc during 2023 was $49,337. There are 25 employees and 13 volunteers at Operation Fuel Inc.
Here are 14 key members and their salaries (Operation Fuel Inc's CEO's salary is $0 and their total compensation is $146,647):
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- Related: $135,000
- Other: $11,647
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.operationfuel.org
Where can I find the form 990 for Operation Fuel Inc?
Operation Fuel Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.operationfuel.org
Learn more at the official website: www.operationfuel.org
Mission Statement of Operation Fuel Inc
Operation Fuel Inc, a nonprofit organization, is committed to ensuring equitable access to energy for all. They achieve this mission by providing year-round energy assistance to low- and moderate-income households who may not be eligible for or have exhausted their government benefits. This aid is essential in maintaining basic necessities, such as heating and cooling, in their homes.
Beyond energy assistance, Operation Fuel Inc also promotes energy independence and advocates for affordable energy. By advocating for policies and initiatives that encourage energy efficiency and affordability, the organization works towards a future where everyone has access to reliable and affordable energy sources. This advocacy is a crucial part of Operation Fuel Inc's mission, as it addresses the underlying systemic issues that can lead to energy poverty and inequality.
In summary, Operation Fuel Inc is a nonprofit organization that focuses on ensuring equitable access to energy for all. They achieve this by providing year-round energy assistance, promoting energy independence, and advocating for affordable energy. Through these efforts, Operation Fuel Inc seeks to create a more just and equitable energy system where everyone can meet their basic energy needs.
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Impact
July, 2024
Operation Fuel Inc's impact is significant in ensuring equitable access to energy for all. The organization provides year-round energy assistance to over 9,800 low- and moderate-income households in Connecticut who may not be eligible for or have exhausted their government benefits. Through its programs, Operation Fuel promotes energy independence and advocates for affordable energy, making a tangible difference in the lives of those in need in Hartford and beyond.
This information is meant to be a general summary of Operation Fuel 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 2023.
- Investment Income: $50,848
- Gross Receipts: $9,797,168
Assets and Liabilities:
- Total Assets: $5,103,318
- Total Liabilities: $786,981
- Net Assets: $4,316,337
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Organization Details
Founding Year
1988
Phone
(860) 243-2345Principal Officer
Yana Abramovich
Main Address
75 CHARTER OAK AVENUE SUITE 1-300, HARTFORD, CT, 06106
Website
www.operationfuel.orgNTEE Category
Code: L820 - Housing
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