Overview
What is 501F Users Group Inc?
501F Users Group Inc is a nonprofit organization established in Alpharetta, Georgia, with an address at 12460 Crabapple Road STE 202-258. Its primary mission is to facilitate annual conferences for users of Siemens 501 series gas turbine systems. These users primarily include electrical utility companies and independent power-producing companies. The group's purpose is to provide a platform for these users to learn best practices for operating the Siemens 501 series from peers and international experts, thereby maximizing the system's efficiency. To further support its users, 501F Users Group Inc maintains a website that serves as a resource for educational content related to the Siemens 501 series.
Is 501F Users Group Inc legitimate?
501F Users Group Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. 501F Users Group 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.
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What is the mission statement of 501F Users Group Inc?
The mission of 501F Users Group Inc is centered around providing a platform for individuals using Siemens 501 series gas turbine systems. Their primary objective is to maximize the efficiency of this equipment by leveraging insights from fellow users and international experts. They achieve this through organizing and hosting an annual conference, which brings together electrical utility companies and independent power producing companies. The group maintains a website dedicated to educating users on best practices for running the Siemens 501 series, fostering a community of knowledge sharing and continuous improvement.
Who is the CEO of 501F Users Group Inc?
Richard Palmer is the President of 501F Users Group Inc.
What is the revenue of 501F Users Group Inc?
501F Users Group Inc's revenue in 2023 was $246,966.
Who are the executives of 501F Users Group Inc and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for 501F Users Group Inc?
501F Users Group Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of 501F Users Group Inc
501F Users Group Inc, an organization dedicated to the users of Siemens 501 series gas turbine systems, strives to fulfill its mission by offering opportunities for these users to optimize the efficiency of their systems. The group achieves this goal by facilitating interactions between users and international experts, enabling them to share best practices and learn from one another. This mission is realized through the annual user conferences organized and hosted by 501F Users Group Inc, which attract electrical utility companies and independent power producing companies. By providing a platform for knowledge exchange and skill enhancement, the group aims to help these organizations make the most of their Siemens 501 series gas turbine systems.
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Impact
October, 2024
501F Users Group Inc significantly enhances the operational efficiency of Siemens 501 series gas turbine systems through its educational initiatives and community-building efforts. By organizing and hosting annual user conferences, the group provides a platform for electrical utility companies and independent power producers to share insights and best practices. This collaboration fosters a deeper understanding of the technology, helping users to address common challenges and optimize the performance of their gas turbine systems.
Additionally, the maintenance of a dedicated website allows for continuous learning and knowledge exchange among users. By connecting peers and international experts, 501F Users Group Inc plays a crucial role in empowering its members to maximize the efficient use of their gas turbine systems, ultimately leading to improved reliability, reduced operational costs, and enhanced community energy solutions. The collective expertise gathered through these efforts contributes to advancements in the field, benefitting the broader energy sector.
This information is meant to be a general summary of 501F Users Group 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: $76
- Program Service Revenue: $246,890
- Gross Receipts: $246,966
Assets and Liabilities:
- Total Assets: $483,608
- Total Liabilities: $0
- Net Assets: $483,608
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT REGISTRATION AND DISPLAY FEES
Revenue
$246,890
Organization Details
Founding Year
2014
Phone
(678) 540-6220Principal Officer
Richard Palmer
Main Address
12460 CRABAPPLE ROAD STE 202-258, ALPHARETTA, GA, 30004
NTEE Category
Code: S41 - Community improvement
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