Ne Propane Foundation INC EIN 20-2404293 Form 990 (PDF) Claim this org

Ne Propane Foundation INC

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Enhances consumer and employee safety through training, research, and public education on propane use. For fiscal year 2024 it reported $753K in revenue, $752K in expenses, and $14K in net assets.Pt I

Type
Business league / trade association · Community Development
Location
Epsom, NH
Filings
5 on file (2020–2024)
Revenue
$753KFY2024
Expenses
$752K
Net assets
$14K
People
15
Filings
5
Updates
0
More identity details & actions ⌄
EIN  20-2404293 Business league / trade association Epsom, NH
Form 990 (PDF)
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Size
$100K–1M
What they do
Enhances consumer and employee safety through training, research, and public education on propane use.
Leadership
Steve Rosentel · Chair
Money in and out
$753K revenue, $752K expenses
Bottom line
+0.04% operating surplus
Membership & operating revenue · FY2024
Total revenue
$753K
Pt VIII · Ln 12
Total expenses
$752K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $299
Operating surplus
+0.04%
revenue over expenses▲ +24% vs prior filing year
Earned revenue
100%
of revenue from program services & dues>-0.01% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$753K
FY2024▼ -35%
Expenses
$752K
FY2024▼ -35%
Total assets
$594K
FY2024▼ -44%
Total liabilities
$580K
FY2024▼ -44%
Total revenue
$753K
Pt VIII · Ln 12
Total expenses
$752K
Pt IX · Ln 25
Net assets
$14K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$299
Total assetsPt X · Ln 16$594K
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 413

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CNe Propane Foundation INC
EINHdr · item D20-2404293
Principal addressHdr · item CEpsom, NH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNH
Exempt statusHdr · item I501(c)(6) · active
NTEE classificationIRS BMFCommunity Development (S41)
Ruling yearIRS BMFMar 2005

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a13
Independent voting membersPt VI · Ln 1b13
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

3 program services, described in the organization's own filed words · FY2024.
01

Docket 24719

2024 emergency response projects - provided funding for a vast array of training and safety programs related to responding to a propane emergency for both firefighters and propane industry personnel by the pgane staff.

Pt IX · col B
02

Docket 24256

2023 - 2024 safe appliance rebates - provided 440 safe appliance rebates to propane customers who installed new propane equipment in their homes. Program requires a complete safety check by their propane provider. In addition, we provided another 337 rebates to propane customers on docket #24723 in 2024.

Pt IX · col B
03

Docket 244887

2024 NPS safety and training programs - this program provided funding to cover the expenses of pgane staff to provide safety and training programs at the northeast propane show in worcester, ma in august of 2024.

Pt IX · col B

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Statement of Revenue

Part VIII
Program service revenue100%$752K
Investment income$311
Total revenueLn 12$753K

Balance Sheet

Part X · end of year
CashLn 1$594K
Total assetsLn 16$594K
Total liabilitiesLn 26$580K
Total net assetsLn 32$14K
Months of cash on handcomputed9.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $594K · Operating expenses/yr $752K
9.5 months
Where the money goes
Program services
Program services — · Total expenses $752K
Management & General
Management & general — · Total expenses $752K
Fundraising
Fundraising — · Total expenses $752K
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $753K
0%
Government reliance
Government grants — · Total revenue $753K
Earned-income share
Program service revenue $752K · Total revenue $753K
100%
Investment reliance
Investment income $311 · Total revenue $753K
+0.04%
Program self-sufficiency
Program service revenue $752K · Total expenses $752K
100%
Growth & trend
Revenue growth (YoY)
This year $753K · Prior year $1.2M
-35%
Revenue CAGR
FY2020 $641K · FY2024 $753K
+4%
Net-asset trend (YoY)
End of year $14K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $753K · Expenses $752K
+0.04%
Liabilities-to-Assets
Total liabilities — · Total assets $594K
Net-asset ratio
Net assets $14K · Total assets $594K
2%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $594K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Steve Rosentel · Reported title CHAIR · Highest reported compensation $0 · Total expenses $752K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $752K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -35%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$160K
Grants paid · 8 grants · $3.6M · 2020–2024
Propane Gas Association of New EnglandFY2023$1,114,446
Propane Gas Association of New EnglandFY2022$673,112
Propane Gas Association of New EnglandFY2021$473,958
Propane Gas Association of New EnglandFY2020$551,481
Unitemized GrantFY2020$9,935

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$753K revenue · viewing · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$697K revenue · ⤓ 990 PDF
FY2021$499K revenue · ⤓ 990 PDF
FY2020$641K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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