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Nonprofiteer
← PELLET FUELS INSTITUTE

Form 990 for tax year 2024

Filed by PELLET FUELS INSTITUTE.

Totals

Total revenue
$345,832
Total expenses
$383,726
Contributions and grants received
$217,325
Grants paid
$0
Program service revenue
$123,410
Investment income
$5,097
Other revenue
$0
Total assets, end of year
$348,466
Total liabilities, end of year
$54,725
Net assets or fund balances, end of year
$293,741
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $217,325

  • 2a · Program service revenue: REGISTRATION

    total $51,160 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: SPONSORSHIP

    total $72,250 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $5,097 · unrelated business $0 · excluded $5,097

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $71,772 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $975 · program services $0 · management and general $0 · fundraising $0

  • 11c · Fees: accounting

    total $1,313 · program services $0 · management and general $0 · fundraising $0

  • 11d · Fees: lobbying

    total $50,000 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $140,000 · program services $0 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $2,646 · program services $0 · management and general $0 · fundraising $0

  • 17 · Travel

    total $25,416 · program services $0 · management and general $0 · fundraising $0

  • 23 · Insurance

    total $7,771 · program services $0 · management and general $0 · fundraising $0

  • 24a · Other expenses: AUDIO VISUAL

    total $8,994 · program services $0 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK/CREDIT CARD PROCESSING FEE

    total $4,325 · program services $0 · management and general $0 · fundraising $0

  • 24c · Other expenses: DATABASE MANAGEMENT

    total $3,063 · program services $0 · management and general $0 · fundraising $0

  • 24d · Other expenses: VENUE/MEETING ROOM RENTAL

    total $332 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $67,119 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $246,408 · end of year $199,883

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,667 · end of year $27,500

  • 11 · Investments: publicly traded securities

    beginning of year $113,151 · end of year $121,083

  • 19 · Deferred revenue

    beginning of year $49,100 · end of year $54,725

  • 27 · Net assets without donor restrictions

    beginning of year $328,126 · end of year $293,741

Mission and programs · 2024

Mission

NON-PROFIT ORGANIZATION THAT SERVICES THE PELLET INDUSTRY COMPOSED OF PELLET MILLS, PELLET APPLIANCE MANUFACTURERS AND INDUSTRY SUPPLIERS

  • PROVIDES CURRENT INFORMATION REGARDING INDUSTRY STANDARDS AND REQUIREMENTS FOR THE PROMOTION OF APPLIANCE SALES TO MEMBERSHIP SO THEY CAN EDUCATE THE PUBLIC ABOUT THE BENEFITS OF PELLET FUELS HOME HEATING

  • THE ANNUAL CONFERENCE PROVIDES PELLET FUEL MANUFACTURERS, RETAIL STORES, MANUFACTURERS OF PELLET STOVES AND INDUSTRY SUPPLIERS A VENUE TO SHOWCASE NEW PRODUCTS

  • GOVERNMENT RELATIONS PROVIDES MEMBERSHIP WITH THE NECESSARY TOOLS TO LOBBY AND EDUCATE CONGRESS ON PELLET FUEL INDUSTRY, INDUSTRY STANDARDS AND INCENTIVES FOR CONSUMERS TO PURCHASE PELLET APPLIANCES

As filed on the 2024 return.

Listed in Part VII

  • Kenny Lisle

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    4
  • Scott Cummings

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    4
  • Bill Hoskins

    PAST-CHAIRMAN

    Total calculated
    $0
    Hours/week
    4
  • Matt O'Malley

    SECRETARY/TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Matt Scorzetti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jed Hammell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stephen Faehner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stephen Faehner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Dylan O'Donnell

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Stan Elliot

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Frank Kvietok

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2
  • Jim Verbeke

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2025
IRS schema version
2024v5.1
Source object
202541489349300424

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