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Ne Propane Foundation INC FY2023 filing

Not tax-deductible

Epsom, NH501(c)(6)Community Development EIN 20-2404293Revenue $1.2M in FY2023

On file with the IRSPo Box 1071, 03234-1071 · Epsom, NHTax-exempt since Mar 2005

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To develop programs and projects to enhance consumer and employee safety and training. To provide for research and development of clean and efficient Propane utilization equipment. To inform and educate the public about safety and other issues associated with the use of Propane.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $423 a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $160K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.0M
99% of total assets
Concern: liabilities are 99% of assets; over 80%.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+67% vs prior year
Spent
$1.2M
To programs
96%
Net assets
$14K
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▲ +67%
Tap a bar for its year
Revenue by fiscal year
FY2020$641K
FY2021$499K
FY2022$697K
FY2023$1.2M
FY2024$753K
Expenses
$1.2M
FY2023▲ +67%
Tap a bar for its year
Expenses by fiscal year
FY2020$640K
FY2021$499K
FY2022$696K
FY2023$1.2M
FY2024$752K
Net assets
$14K
FY2023▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$13K
FY2021$13K
FY2022$14K
FY2023$14K
FY2024$14K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 2005.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $1.1M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Bill Ermer
Director
$0Pt VII · Sec A
Bill Massey
Director
$0Pt VII · Sec A
Scott Gaudet
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Ne Propane Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Enhances consumer and employee safety through training, research, and public education on propane use.

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Provided by the organization

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3 programs · $1.1M · in their own filed words · FY2023
01

Docket 23754

2023 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.

$578Kprogram expense
02

Docket 24085

2023 - 2024 safe appliance rebates - provided 671 safe appliance rebates to propane customers who installed new propane equipment in their homes. Program requires a complete safety check by their propane provider.

$412Kprogram expense
03

Docket 24160

2023 pgane safety and training - this program provided funding to cover the expenses of pgane staff to provide safety and outreach assistance to propane industry personnel as well as consumers. These expenses included pgane staff time, training travel expenses and supplies, project management, and print and mailing expenses.

$125Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Propane Education & Research Council INCFY2025$160K
Total grants receivedfrom 1 funder$160K
Grants paid · 8 grants · $3.6M · 2020–2024
Propane Gas Association of Ne INCNH · FY2024$719,235
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
Veteran Education and Transition Services V E T S INCPA · FY2020$50,000
Unitemized GrantFY2020$9,935
Vermont Fuel Dealers AssociationVT · FY2020$6,150

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.2M
Ln 12
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$384
Money outPt IX
$1.2M
Ln 25
Programscol B$1.1M
Owns and owesPt X
$14K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$1.2M
Investment incomeLn 3$384
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$575K
SavingsLn 2$480K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.0M
Net assetsLn 32$14K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$806K$1.1M
Total assetsLn 16$806K$1.1M
LiabilitiesLn 26$793K$1.0M
Net assetsLn 32$14K$14K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1.1M
Management feesLn 11a$38K
Office expensesLn 13$155
TravelLn 17$5K
Conferences, conventions and meetingsLn 19$3K
InsuranceLn 23$1K
Other expenses (24a–d)Ln 24$12
Total functional expensesLn 25$1.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $753K$752K$299$14K 990 PDF
FY2023 Viewing $1.2M$1.2M$373$14K 990 PDF
FY2022 $697K$696K$312$14K 990 PDF
FY2021 $499K$499K$224$13K 990 PDF
FY2020 $641K$640K$908$13K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $1,162,672 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $696,362$1,162,288
I-10 Investment incomePrior year $322$384
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $696,684$1,162,672
I-13 Grants and similar amounts paidPrior year $673,112$1,114,466
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $23,260$47,833
I-18 Total expensesPrior year $696,372$1,162,299
I-19 Revenue less expensesPrior year $312$373
Part VI · Governance 13 of 13 board members independent, 2 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,162,672 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,162,288$1,162,288
VIII-3 Investment incomeExcluded from tax $384$384
VIII-12 Total revenueRelated to mission $1,162,288 · Unrelated business $0 · Excluded from tax $384$1,162,672
Part IX · Statement of functional expenses $1,162,299 across 7 lines filed
IX-1 Grants to domestic organizations$1,114,466
IX-11a Management fees$38,424
IX-13 Office expenses$155
IX-17 Travel$4,921
IX-19 Conferences, conventions and meetings$3,128
IX-23 Insurance$1,193
IX-24 Other expenses (24a–d)$12
IX-25 Total functional expenses$1,162,299
Part X · Balance sheet $1,055,012 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $326,291$574,669
X-2 Savings and temporary cash investmentsStart of year $480,112$480,343
X-16 Total assetsStart of year $806,403$1,055,012
X-17 Accounts payable and accrued expensesStart of year $242,769$347,382
X-19 Deferred revenueStart of year $550,114$693,737
X-26 Total liabilitiesStart of year $792,883$1,041,119
X-27 Net assets without donor restrictionsStart of year $13,520$13,893
X-32 Total net assets or fund balancesStart of year $13,520$13,893
X-33 Total liabilities and net assetsStart of year $806,403$1,055,012
Part XI · Reconciliation of net assets $13,893 net assets at year end
XI-1 Total revenue$1,162,672
XI-2 Total expenses$1,162,299
XI-3 Revenue less expenses$373
XI-4 Net assets at start of year$13,520
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$13,893

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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