2024-04-30T09:42:20-05:00 2023-06-30 462982708 FITZPATRICK LEARY & SZARKOLLC 1447 YORK ROAD STE 703 LUTHERVILLE MD 21093 990 2022-07-01 521204629 FUEL FUND OF MARYLAND INC FUEL 4102359080 57 W TIMONIUM ROAD 208 TIMONIUM MD 21093 DALE LINAWEAVER PRESIDENT 4102359080 2024-04-17 1 DALE LINAWEAVER 999009999 0 VINCENT G GREY CPA P01729840 4103071400 2024-04-17 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DALE LINAWEAVER 57 W TIMONIUM ROAD 208 TIMONIUM MD 21093 6228227 0 X WWW.FUELFUNDMARYLAND.ORG X 1981 MD TO PROVIDE FINANCIAL ASSISTANCE TO LOW INCOME FAMILIES FOR HOUSEHOLD HEATING AND UTILITY BILLS. 13 13 12 1 0 0 3436411 5048750 0 0 199430 186710 0 0 3635841 5235460 2995038 3931321 0 0 490765 485565 0 0 196388 296183 276957 3781986 4693843 -146145 541617 6317493 7065175 32968 38591 6284525 7026584 X THE FUEL FUND OF MARYLAND (FFM) AIMS TO BE A LIFELINE FOR OUR VULNERABLE MARYLAND NEIGHBORS STRUGGLING WITH A HOME UTILITY HARDSHIP. WE ASSIST BY PROVIDING NAVIGATION THROUGH AN ARRAY OF FINANCIAL AND COMMUNITY RESOURCES THAT EMPOWER, ENGAGE, AND SAFELY CONNECT A HOUSEHOLD IN TIMES OF CRISIS.OUR MISSION IS ADMINISTERED BY OUR UTILITY ASSISTANCE DEPARTMENT THROUGH THE GENEROUS FINANCIAL SUPPORT OF A ROBUST DONOR PROGRAM STRATEGICALLY DEVELOPED AND ADMINISTERED BY THE DEVELOPMENT DEPARTMENT. FFM RECEIVES NO FUNDING AT THE FEDERAL, STATE, COUNTY AND/OR CITY LEVEL(S). 0 0 4187339 3931321 THE FUEL FUND OF MARYLAND SERVES AS A VITAL, NON-GOVERNMENTAL COMPONENT OF THE SOCIAL SAFETY NET DELIVERING FLEXIBILITY THROUGH INDEPENDENCE, ACCOUNTABILITY THROUGH SOUND GOVERNANCE, AND QUALITY SERVICE DELIVERY THROUGH MORE THAN THREE DECADES OF EXPERIENCE. THE IMMEDIATE IMPACT OF FFM ASSISTANCE IS FOR A HOUSEHOLD STRUGGLING TO AFFORD A UTILITY BILL (WITH A HOUSEHOLD INCOME AT OR BELOW 200-PERCENT OF POVERTY) AND THEIR ABILITY TO KEEP THEIR LIGHTS ON AND HEATING AND COOLING SYSTEMS OPERATIONAL. THE SUPPORT WE PROVIDE IS A BENEFIT TO THE COMMUNITY AT LARGE. OUR UTILITY CRISIS ASSISTANCE MODEL PREVENTS FIRES, ENABLES CHILDREN TO HAVE COOKED MEALS AND DO THEIR HOMEWORK; FREES UP RESOURCES TO PAY RENT, SUPPORTS LIFE-SAVING MEDICATIONS, AND EVEN SAVES MONEY TOWARD A HOUSEHOLD'S NEXT UTILITY BILL.THROUGH THE UTILITY ASSISTANCE DEPARTMENT, FFM PROVIDES FINANCIAL AND COMMUNITY RESOURCES TO LOW-INCOME MARYLAND HOUSEHOLDS TO KEEP THEIR POWER SAFELY CONNECTED DURING TIMES OF A UTILITY HARDSHIP (POWER TURNED OFF, IMPENDING TURN OFF NOTICE OR HIGH UTILITY ARREARAGE). BEYOND DIRECT FINANCIAL ASSISTANCE, A CRITICAL COMPONENT OF FFM SUPPORT IS THE DISTRIBUTION OF ENERGY CREDITS. BGE CURRENTLY MAKES UP TO $2 MILLION IN RATEPAYER-FUNDED CREDITS ON AN ANNUAL BASIS, WHICH IS ADMINISTERED BY THE FFM. AT THE RATE OF $.50 FOR EVERY $1 OF PRIVATE MONEY PAID ON A BILL, FFM APPLIES THE CREDITS TO THE BGE CUSTOMER'S BILL AT THE TIME OF FINANCIAL ASSISTANCE APPROVAL. THE ADVANTAGE CREATED BY USE OF THESE CREDITS HAS DIRECTLY RESULTED IN MORE HOUSEHOLDS BEING ASSISTED BY THE FFM ON AN ANNUAL BASIS. FOR EXAMPLE, FFM CAN SATISFY A $300 CLIENT HILT BY UTILIZING $100 IN DONATED FUNDS COMBINED WITH BGE CREDITS PLUS OTHER CHARITABLE CONTRIBUTIONS (SUCH AS FOUNDATION FUNDS) ON BEHALF OF THE CLIENT AS WELL AS A PAYMENT BY THE CLIENT. FFM IS THE ONLY ORGANIZATION IN THE STATE OF MARYLAND THAT CAN LEVERAGE BGE RATEPAYER-FUNDED CREDITS.MARYLANDERS WITH INCOMES BELOW 50 PERCENT OF THE FEDERAL POVERTY LEVEL PAY 32% PERCENT OF THEIR MONTHLY INCOME FOR HOME ENERGY, WHEREAS 6 PERCENT IS CONSIDERED AFFORDABLE. ENERGY POVERTY IS A CRIPPLING FINANCIAL BURDEN FOR LOW-INCOME HOUSEHOLDS, LEAVING LITTLE MONEY AVAILABLE FOR HOUSING, FOOD, OR MEDICAL CARE.FROM JULY I, 2022-JUNE 30, 2023, FFM PROVIDED APPROXIMATELY $1.2 MILLION DOLLARS IN FINANCIAL ASSISTANCE TO MORE THAN 4,000 HOUSEHOLDS WITHIN THE BGE SERVICE TERRITORY WHO WERE STRUGGLING WITH A UTILITY HARDSHIP.THE SILVER LIGHTS PROGRAM, IMPLEMENTED IN FY 22, CONTINUES TO MEET THE NEEDS OF SENIORS (60+) AND THOSE WITH CRITICAL MEDICAL NEEDS STRUGGLING WITH UTILITY HARDSHIPS. MORE THAN 30% OF THE HOUSEHOLDS SERVED BY FFM ARE THROUGH THE SILVER LIGHTS PROGRAM. 4187339 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X DEBBIE BROWN - EXECUTIVE DIRECTOR 4108443834 57 W TIMONIUM ROAD SUITE 208 TIMONIUM MD 21093 LAUREN ZEIGLER TREASURER 5.00 X X 0 0 0 TODD A CARTER DIRECTOR 5.00 X 0 0 0 SEAN DUNPHY PRESIDENT 5.00 X X 0 0 0 PHIL LEADORE DIRECTOR 5.00 X 0 0 0 BRANDI NEILAND DIRECTOR 5.00 X 0 0 0 JOE TUMMINELLO VICE PRESIDENT 5.00 X X 0 0 0 JOHN PASTALOW III DIRECTOR 5.00 X 0 0 0 DALE W LINAWEAVER DIRECTOR 5.00 X 0 0 0 BETH S PERLMAN DIRECTOR 5.00 X 0 0 0 DAN SKOWRONSKI SECRETARY 5.00 X X 0 0 0 SCOTT THOMPSON DIRECTOR 5.00 X 0 0 0 ROBBIE BLACK DIRECTOR 5.00 X 0 0 0 QUINTON ASKEW DIRECTOR 5.00 X 0 0 0 DEBORAH BROWN EXECUTIVE DIRECTOR 40.00 X 105924 0 3400 105924 0 3400 1 0 0 0 0 5048750 3009524 5048750 187777 187777 991700 981979 10788 9721 -10788 -1067 -1067 5235460 0 0 186710 3931321 3931321 113924 52375 29271 32278 311671 143286 80078 88307 26779 16527 6628 3624 33191 16462 7038 9691 99 99 15750 15750 32919 32919 91583 7131 77452 7000 4066 3238 828 6951 215 6344 392 34800 16388 8816 9596 372 247 125 2944 1387 746 811 10747 10747 FUNDRAISING - SPRING/SU 43831 2400 41431 BANK CHARGES 12821 12821 TELEPHONE 7884 133 7618 133 POSTAGE 7418 5570 1848 4772 1867 2581 324 4693843 4187339 310116 196388 780160 798728 276472 673995 52325 206204 2900 27504 53672 45832 20744 7840 4861060 5028554 316398 291785 7434 30565 6317493 7065175 32968 12964 0 25627 32968 38591 X 1757487 2263188 4527038 4763396 6284525 7026584 6317493 7065175 541617 50442 150000 0 X X 0 1 X 1 0 X 3174095 2662858 3312894 3586411 5048750 17785008 3174095 2662858 3312894 3586411 5048750 17785008 17785008 153686 141085 71710 87078 187777 641336 18426344 0.96520 0.96790 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 5453930 325383 215021 5994334 5186011 750000 -482081 5453930 4500000 686011 5186011 4500000 4500000 2800000 1700000 4500000 1.00000 0 0 26426 25763 663 27246 20069 7177 7840 OPERATING LEASE LIABILITY 25627 25627 X 5252983 50442 50442 5202541 32919 32919 5235460 4660924 0 4660924 32919 32919 4693843 PART X, LINE 2: THE FUND IS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS AN "OTHER THAN PRIVATE FOUNDATION" (PUBLIC CHARITY). THE FUND ACCOUNTS FOR INCOME TAX PROVISIONS IN ACCORDANCE WITH FINANCIAL ACCOUNTING STANDARDS BOARD ACCOUNTING STANDARDS CONCEPT TOPIC 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH CREATES A SINGLE MODEL TO ADDRESS UNCERTAINTY IN TAX POSITIONS AND CLARIFIES THE ACCOUNTING FOR INCOME TAXES BY PRESCRIBING THE MINIMUM RECOGNITION THRESHOLD A TAX POSITION IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE FINANCIAL STATEMENTS. THE FUND BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED UPON EXAMINATION AND, ACCORDINGLY, HAS NOT RECORDED ANY RESERVES, OR RELATED ACCRUALS FOR INTEREST AND PENALTIES, AT JUNE 30, 2023 AND 2022 FOR UNCERTAIN INCOME TAX POSITIONS. THE FUND CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS. THE FUND HAS ADOPTED A POLICY UNDER WHICH, IF REQUIRED TO BE RECOGNIZED IN THE FUTURE, IT WILL CLASSIFY INTEREST RELATED TO THE UNDERPAYMENT OF INCOME TAXES AS A COMPONENT OF INTEREST EXPENSE, AND IT WILL CLASSIFY ANY RELATED PENALTIES IN OPERATING EXPENSES IN THE STATEMENTS OF ACTIVITIES. THE ORGANIZATION IS SUBJECT TO U.S. FEDERAL, STATE AND LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE CURRENT YEAR AND THE THREE PRECEDING YEARS. 1 BALTIMORE GAS & ELECTRIC PO BOX 1475 BALTIMORE MD 21203 520280210 933181 2988140 CASH EQUIVALENT VALUE BGE FUEL CREDITS RECIPIENT ORGANIZATION DISTRIBUTES FUNDS TO INDIVIDUALS TO ASSIST IN PAYING ENERGY BILLS. 1 SCHEDULE I, PART I, LINE 2 THE FUEL FUND PROVIDES BILL ASSITANCE PAYMENTS DIRECTLY TO BALTIMORE GAS & ELECTRIC AND LEVERAGES UTILITY CREDITS FROM BALTIMORE GAS AND ELECTRIC FOR FAMILIES STRUGGLING TO AFFORD A UTILITY BILL. X FUEL CREDITS 1 2988140 CASH EQUIVALENT VALU 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS RECEIVE A DRAFT OF THE 990 PRIOR TO THE ANNUAL NOVEMBER AND/OR JANUARY BOARD MEETING. THE AUDITORS ATTEND THE NOVEMBER AND/OR JANUARY BOARD MEETING TO MAKE A FULL PRESENTATION OF THEIR FINDINGS. BOARD MEMBERS ASK QUESTIONS DIRECTLY TO THE AUDITORS. THE BOARD VOTES TO ACCEPT THE 990 DRAFT AND THE RESULTS ARE RECORDED IN THE MINUTES OF THE MEETING. THE AUDITORS THEN PROVIDE AN APPROVED COPY TO THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS AND STAFF ARE REQUIRED TO SIGN THE CONFLICT OF INTEREST DOCUMENT ON AN ANNUAL BASIS. ONCE SIGNED, AN ELECTRONIC COPY IS SAVED IN THEIR PERSONNEL OR BOARD FILE. BOARD MEMBERS, STAFF AND VOLUNTEERS ARE REQUIRED TO DISCLOSE ANY CONFLICTS OF INTEREST OR POTENTIAL CONFLICTS OF INTEREST. THE BOARD DEVELOPMENT COMMITTEE MONITORS THE CONTENT OF THE CONFLICT OF INTEREST STATEMENTS AND ANY OTHER DISCLOSURES OF CONFLICTS THROUGHOUT THE YEAR. BOARD MEMBERS ACKNOWLEDGE ANY CONFLICTS REGARDING TOPICS DISCUSSED AT BOARD MEETINGS AND EXCUSE THEMSELVES WHEN APPROPRIATE. THESE ACTIONS ARE NOTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD PRESIDENT WITH INPUT/ASSISTANCE FROM THE BOARD OF DIRECTOR'S HUMAN RESOURCES COMMITTEE WORK COLLABORATIVELY TO DEFINE THE SALARY OF THE EXECUTIVE DIRECTOR AND BONUS INCENTIVE, IF APPLICABLE. WITH HELP FROM AN INDEPENDENT HUMAN RESOURCES CONSULTANT, THEY COMPILE DATA FROM 3 SALARY SURVEYS AND PRESENT TO THE BOARD A LIST OF SALARIES BASED ON THE MEDIAN FROM EACH. THE BOARD PRESIDENT ALONG WITH THE EXECUTIVE COMMITTEE MAY CHOOSE TO RECOMMEND A DIFFERENT LEVEL DEPENDING ON LONGEVITY, PRODUCTIVITY, AND INCREASED OR DECREASED RESPONSIBILITIES. DURING THE BUDGETING PROCESS, THE BOARD APPROVES SALARIES. FORM 990, PART VI, SECTION C, LINE 19 THE FUEL FUND OF MARYLAND'S STATIONERY AND WEBSITE CONTAIN A STATEMENT REGARDING TAX IMPLICATIONS OF GIFTS, NON-PROFIT STATUS AND A 501(C)(3) AND THAT ALL DOCUMENTS ARE AVAILABLE UPON REQUEST AND ARE FILED WITH THE SECRETARY OF STATE. PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT PROCESS FROM THE PRIOR YEAR.