Overview
What is New England Fuel Institute Education Foundation Inc?
New England Fuel Institute Education Foundation Inc is a nonprofit organization based in Wilmington, Massachusetts. Their primary focus is on educational outreach, aiming to enlighten individuals both within and outside the fuel and heating industry. Through their mission, they actively engage in teaching public and private organizations about the nuances of the oil and heating sector. The foundation's activities are geared towards spreading knowledge and awareness, ultimately contributing to a broader understanding of this industry.
Official website here: www.nefi.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97%, Four-Star out of Four Star rating.
The New England Fuel Institute Education Foundation Inc has achieved an impressive 97% rating, indicating a strong commitment to accountability and financial health. This high score reflects the organization's robust governance structure, featuring a fully independent board comprised of 12 members, and a perfect score in maintaining a conflict of interest policy, whistleblower policy, and document retention practices.
The foundation demonstrates excellent financial management, with a liability-to-assets ratio of just 0.41%, showcasing its ability to manage debts effectively. Additionally, it allocates all of its expenses toward programmatic activities, resulting in a program expense ratio of 100%. These attributes underscore the organization's effectiveness in using its resources to further its mission.
While the data indicates a strong performance in governance and financial health, the summary does not highlight specific program outcomes or impacts, which could provide a more comprehensive view of the organization’s effectiveness in achieving its educational goals. Overall, the New England Fuel Institute Education Foundation Inc stands out as a well-managed nonprofit dedicated to its mission.
This AI summary has been generated from information found on Charity Navigator.
Is New England Fuel Institute Education Foundation Inc legitimate?
New England Fuel Institute Education Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New England Fuel Institute Education Foundation 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: $0
For more financial information, click here
Official website here: www.nefi.com
What is the mission statement of New England Fuel Institute Education Foundation Inc?
The New England Fuel Institute Education Foundation Inc is dedicated to educating both public and private organizations about the intricacies of the oil and heating industry. Their mission is to serve as a knowledgeable resource, disseminating information to individuals within and outside this sector. The foundation's primary activity involves an extensive outreach program, aimed at educating individuals about various aspects of the fuel industry.
Official website here: www.nefi.com
Who is the CEO of New England Fuel Institute Education Foundation Inc?
Sean Cota is the President & Ceo of New England Fuel Institute Education Foundation Inc. The CEO's salary of New England Fuel Institute Education Foundation Inc is $0 and their total compensation is $162,349.
Official website here: www.nefi.com
What is the revenue of New England Fuel Institute Education Foundation Inc?
New England Fuel Institute Education Foundation Inc's revenue in 2022 was $74,110.
Official website here: www.nefi.com
Who are the executives of New England Fuel Institute Education Foundation Inc and what are their salaries?
Here are 8 key members and their salaries (New England Fuel Institute Education Foundation Inc's CEO's salary is $0 and their total compensation is $162,349):
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- Other: $0
- Compensation: $0
- Related: $162,349
- Other: $0
Official website here: www.nefi.com
Where can I find the form 990 for New England Fuel Institute Education Foundation Inc?
New England Fuel Institute Education Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.nefi.com
Learn more at the official website: www.nefi.com
Mission Statement of New England Fuel Institute Education Foundation Inc
The New England Fuel Institute Education Foundation Inc is committed to educating both public and private organizations about the intricacies of the oil and heating industry. Their mission is to serve as a knowledgeable resource, disseminating information to individuals operating within and outside of this sector. Through their education outreach programs, the foundation aims to foster a deeper understanding of the industry's inner workings, thereby promoting informed decision-making and collaboration within various organizations.
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Impact
August, 2024
New England Fuel Institute Education Foundation Inc impacts public and private organizations by providing education about the oil and heating industry. Through its outreach activities, the foundation educates individuals both within and outside the fuel industry, thereby increasing awareness and knowledge in this sector. Their mission revolves around teaching about the oil and heating industry, contributing to the professional development and understanding of individuals and organizations involved in this field.
This information is meant to be a general summary of New England Fuel Institute Education Foundation 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: $72,919
- Program Service Revenue: $1,191
- Gross Receipts: $646,536
Assets and Liabilities:
- Total Assets: $1,390,702
- Total Liabilities: $5,828
- Net Assets: $1,384,874
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FUNCTIONS AND CONVENTI
Revenue
$1,191
Organization Details
Founding Year
1985
Phone
(617) 924-1000Principal Officer
Sean Cota
Main Address
PO BOX 822, WILMINGTON, MA, 01887
Website
www.nefi.comNTEE Category
Code: B11 - Education
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