Nonprofit · EIN 81-4752116
FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC
Also known as FUEL
Tax-exempt · VINEYARD HVN, MA 02568
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,878,693 | $821,784 | $1,056,909 | $5,333,136 | $26,927 | $5,306,209 |
| December 31, 2023 | 990 | $1,607,808 | $734,227 | $873,581 | $4,263,228 | $30,130 | $4,233,098 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,381,945
- Program service revenue
- $419,156
- Investment income
- $77,592
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $180,000
- Other salaries and wages
- $166,528
- Salaries, compensation and benefits (total)
- $413,226
- Professional fundraising fees
- $0
- Accounting fees
- $29,513
- Occupancy
- $36,633
- Travel
- $5,899
- Depreciation
- $121,757
- Program services (functional)
- $552,117
- Management and general (functional)
- $171,975
- Fundraising (functional)
- $97,692
Balance sheet and other
- Total assets, start of year
- $4,263,228
- Total assets, end of year
- $5,333,136
- Total liabilities, end of year
- $26,927
- Net assets, end of year
- $5,306,209
- Land, buildings and equipment
- $1,962,466
- Net assets without donor restrictions
- $3,738,709
- Net assets with donor restrictions
- $1,567,500
- Gross receipts
- $1,878,693
- Employees
- 18
- Year formed
- 2016
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL IAN RIDGEWAY | CO-EXEC DIRE Trustee or director | 5 | $90,000 |
| CASEY BLUM | CO-EXEC DIRE Trustee or director | 5 | $90,000 |
| HARRY DICKERSON | CHAIRMAN Trustee or director, Officer | 5 | $0 |
| SALLY WALSH | VICE CHAIRMA Trustee or director, Officer | 5 | $0 |
| JOHN KEENE | TREASURER Trustee or director, Officer | 5 | $0 |
| TRACEY OVERBECK STEAD | CLERK Trustee or director, Officer | 5 | $0 |
| PETER F CARR II | DIRECTOR Trustee or director | 2 | $0 |
| DEREK FAIRCHILD-COPPOLETTI | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN BRISTOL | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DANIEL IAN RIDGEWAY | CO-EXEC DIRE Trustee or director, Officer | 5 | $78,000 |
| CASEY BLUM | CO-EXEC DIRE Trustee or director, Officer | 5 | $78,000 |
| HARRY DICKERSON | CHAIRMAN Officer | 5 | $0 |
| SALLY WALSH | VICE CHAIRMA Officer | 5 | $0 |
| JOHN KEENE | TREASURER Officer | 5 | $0 |
| TRACEY OVERBECK STEAD | CLERK Trustee or director | 5 | $0 |
| PETER F CARR II | DIRECTOR Trustee or director | 2 | $0 |
| DEREK FAIRCHILD-COPPOLETTI | DIRECTOR Trustee or director | 2 | $0 |
| SALLY WALSH | DIRECTOR Trustee or director | 2 | $0 |
| BRIAN BRISTOL | DIRECTOR Trustee or director | 2 | $0 |
| HARRY DICKERSON | DIRECTOR Trustee or director | 2 | $0 |
| JOHN KEENE | DIRECTOR Trustee or director | 2 | $0 |
| TRACEY OVERBECK STEAD | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 75 SUMMER ST, VINEYARD HVN, MA 02568-6365
- Principal officer (990 for 2024)
- SALLY WALSH, 188 STATE ROAD, CHILMARK, MA 02535
- Signed the 990
- CASEY BLUM, CO-EXEC DIRECTOR
- Phone
- (508) 560-9237
- Website
- WWW.FUELPROGRAM.ORG
- Return prepared by
- HERITAGE ACCOUNTING & TAX SERVICES
Mission
FUEL OFFERS COLLEGE CURRICULUM IN AN EXPERIMENTAL FRAMEWORK ONBOARD A WORLD-VOYAGING SAILING SHIP.
Program accomplishments
- FUEL PROVIDES STUDENTS LIFE CHANGING JOURNEYS WHICH ALLOW THEM TO DISCOVER THEIR PERSONAL POTENTIAL THROUGH LEARNING. UPON COMPLETION OF THE PROGRAM STUDENTS WILL RECEIVE THEIR FIRST SEA SERVICE LETTER THAT CAN BE USED TOWARDS OBTAINING A UNITED STATES COAST GUARD CAPTAINS LICENSE.Expenses $552,117
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-4752116
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B99)
- Assets (IRS master file)
- $5,333,136
- Income (IRS master file)
- $1,878,693
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,878,693 | $821,784 | $5,333,136 | IRS |
| 990 | December 2023 | $1,607,808 | $734,227 | $4,263,228 | XML |
| 990 | December 2022 | $1,498,775 | $597,317 | $3,380,593 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
| 990-EZ | December 2016 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-4752116).
Questions about FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC
- What is the EIN of FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC?
- The employer identification number (EIN) of FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC is 81-4752116.
- Is FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC?
- The 990 for the year ended December 31, 2024 names SALLY WALSH.
- Who are the officers and directors of FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC?
- The 990 for the year ended December 31, 2024 lists 9 people; 2 received compensation from the organization, the highest $90,000 (DANIEL IAN RIDGEWAY, CO-EXEC DIRE).
- How much revenue does FOUNDATION FOR UNDERWAY EXPERIENTIAL LEARNING INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,878,693, expenses of $821,784 and total assets of $5,333,136 at year end.
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