Overview
What is National Oilheat Research Alliance?
The National Oilheat Research Alliance is a nonprofit organization situated in Alexandria, Virginia. Their primary focus is on conducting research, development, and demonstration activities related to oilheat fuel. In 2022, they allocated $2,673,141 for these purposes, utilizing a portion of the previous year's assessment revenue. The research aims to develop energy-efficient heating systems and promote the use of biofuels in oilheat. They also create educational materials to demonstrate the benefits of biofuels. Additionally, the Alliance encourages efficiency and upgrades in heating oil systems and provides technical training to enhance customer service. With a staff of 6 individuals, the National Oilheat Research Alliance is committed to advocating for and improving oilheat technology.
Official website here: www.noraweb.org
Is National Oilheat Research Alliance legitimate?
National Oilheat Research Alliance is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Oilheat Research Alliance 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: $769,334
Professional Fundraising Fees: $0
Other Salaries and Wages: $202,000
For more financial information, click here
Official website here: www.noraweb.org
What is the mission statement of National Oilheat Research Alliance?
The National Oilheat Research Alliance's primary objective is to educate consumers about the benefits of using oilheat, conduct research and development, encourage energy efficiency upgrades, and provide technical training to enhance customer service. They allocate resources for research, development, and demonstration activities, including the development of energy-efficient heating systems. Furthermore, the Alliance collaborates with institutions engaged in biofuels research to create consumer education materials highlighting the benefits of using biofuels as oilheat fuel. In 2022, they allocated a significant portion of their net assessments revenue towards these programs.
Official website here: www.noraweb.org
Who is the CEO of National Oilheat Research Alliance?
Michael Devine is the President Until March 2022 of National Oilheat Research Alliance.
Official website here: www.noraweb.org
What is the revenue of National Oilheat Research Alliance?
National Oilheat Research Alliance's revenue in 2022 was $8,489,007.
Official website here: www.noraweb.org
Who are the executives of National Oilheat Research Alliance and what are their salaries?
The average compensation at National Oilheat Research Alliance during 2022 was $161,889. There are 6 employees and 40 volunteers at National Oilheat Research Alliance.
Here are 43 key members and their salaries:
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- Compensation: $209,280
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- Other: $42,785
Official website here: www.noraweb.org
Where can I find the form 990 for National Oilheat Research Alliance?
National Oilheat Research Alliance's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.noraweb.org
Learn more at the official website: www.noraweb.org
Mission Statement of National Oilheat Research Alliance
The National Oilheat Research Alliance, in its mission, aims to educate consumers about the benefits of using oilheat. Beyond education, the alliance also focuses on conducting research and development activities related to oilheat fuel. This includes the development of energy-efficient heating systems, which are eventually introduced into the marketplace. Furthermore, the alliance collaborates with institutions or organizations engaged in biofuels research to develop consumer education materials that highlight the benefits of using biofuels as or in oilheat fuel. The alliance also allocates funds to encourage heating oil efficiency upgrades and provides technical training to enhance customer service. By doing so, the National Oilheat Research Alliance seeks to promote the use of oilheat fuel in a way that is both environmentally friendly and beneficial to consumers.
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Impact
October, 2024
The National Oilheat Research Alliance plays a vital role in advancing research and development within the oilheat sector. In 2022, the organization allocated over $2.6 million specifically for research, development, and demonstration initiatives. This funding supports the creation of energy-efficient heating systems intended for market introduction.
Additionally, the Alliance collaborates with institutions engaged in biofuels research to produce consumer education materials highlighting the benefits of using biofuels in oilheat fuel, thereby promoting sustainable practices within the industry. By designating future assessments for ongoing research efforts, the Alliance ensures continuous innovation and efficiency improvements in heating oil technology.
Through its educational initiatives, the National Oilheat Research Alliance also aims to enhance consumer understanding of oilheat, emphasizing its benefits and the importance of system upgrades. Ultimately, their work contributes significantly to community improvement by fostering technological advancements and promoting better customer service in the heating industry.
This information is meant to be a general summary of National Oilheat Research Alliance. 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: $26,616
- Program Service Revenue: $8,459,655
- Gross Receipts: $8,603,963
Assets and Liabilities:
- Total Assets: $18,896,161
- Total Liabilities: $5,901,727
- Net Assets: $12,994,434
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
OILHEAT ASSESSMENTS
Revenue
$8,381,707
RESEARCH CONTRACTS
Revenue
$77,948
Organization Details
Founding Year
2001
Phone
(703) 340-1660Principal Officer
Michael Devine
Main Address
600 CAMERON STREET, ALEXANDRIA, VA, 22314
Website
www.noraweb.orgNTEE Category
Code: S41 - Community improvement
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