Civic Intelligence

American Energy Coalition Inc

990 • Fiscal year 2023 • EIN 13-3052987

Jan 01, 2023 to Dec 31, 2023 • Filed on Feb 19, 2024

200 Parkway Drive South 202Hauppauge, NY 11788

(631) 360-0200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

46th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Net Margin

2nd percentile

-254%

Higher net margin than 2% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Top Officer Pay

84th percentile

$39,666

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 152.1% of source-year revenue.

2023 filings • 501(c)6 • <$500k nonprofits • Source year 2023

Asset Growth

13th percentile

-29%

Faster asset growth than 13% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

2nd percentile

-82%

Faster revenue growth than 2% of similar nonprofits.

2023 filings • 501(c)6 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$161,828

Down $66,348 (-29%) from 2022

Net Assets

Down

$161,828

Down $66,348 (-29%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$26,074

Down $120,202 (-82%) from 2022

Expenses

Down

$92,422

Down $134,426 (-59%) from 2022

Net Income

Up

-$66,348

Up $14,224 (+18%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2011: $308,595Liabilities 2011: $3,100Net Assets 2011: $305,4952011Assets 2012: $204,928Liabilities 2012: $5,065Net Assets 2012: $199,8632012Assets 2013: $187,471Liabilities 2013: $22,168Net Assets 2013: $165,3032013Assets 2014: $335,068Liabilities 2014: $31,049Net Assets 2014: $304,0192014Assets 2015: $212,973Liabilities 2015: $28,675Net Assets 2015: $184,2982015Assets 2016: $229,396Liabilities 2016: $46,221Net Assets 2016: $183,1752016Assets 2017: $246,269Liabilities 2017: $10,152Net Assets 2017: $236,1172017Assets 2018: $191,303Liabilities 2018: $7,319Net Assets 2018: $183,9842018Assets 2019: $166,643Liabilities 2019: $12,456Net Assets 2019: $154,1872019Assets 2020: $311,773Liabilities 2020: $6,119Net Assets 2020: $305,6542020Assets 2021: $313,859Liabilities 2021: $5,111Net Assets 2021: $308,7482021Assets 2022: $228,176Liabilities 2022: $0Net Assets 2022: $228,1762022Assets 2023: $161,828Liabilities 2023: $0Net Assets 2023: $161,8282023Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2023

Assets$161,828
Liabilities$0
Net Assets$161,828

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2011: $467,898Expenses 2011: $289,371Net Income 2011: $178,5272011Revenue 2012: $619,501Expenses 2012: $725,133Net Income 2012: -$105,6322012Revenue 2013: $741,011Expenses 2013: $775,571Net Income 2013: -$34,5602013Revenue 2014: $743,024Expenses 2014: $604,308Net Income 2014: $138,7162014Revenue 2015: $610,700Expenses 2015: $730,421Net Income 2015: -$119,7212015Revenue 2016: $582,747Expenses 2016: $583,870Net Income 2016: -$1,1232016Revenue 2017: $569,374Expenses 2017: $516,432Net Income 2017: $52,9422017Revenue 2018: $422,631Expenses 2018: $474,764Net Income 2018: -$52,1332018Revenue 2019: $444,012Expenses 2019: $473,809Net Income 2019: -$29,7972019Revenue 2020: $344,671Expenses 2020: $190,185Net Income 2020: $154,4862020Revenue 2021: $264,509Expenses 2021: $261,415Net Income 2021: $3,0942021Revenue 2022: $146,276Expenses 2022: $226,848Net Income 2022: -$80,5722022Revenue 2023: $26,074Expenses 2023: $92,422Net Income 2023: -$66,3482023Revenue 2024: $5,695Expenses 2024: $167,523Net Income 2024: -$161,8282024

Highlighted filing

2023

Revenue$26,074
Expenses$92,422
Net Income-$66,348
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Feb 19, 2024
Return Version
2023v4.0
Gross Receipts
$26,074
Mission and Program Overview

Mission

Promotion of the oil heat industry.

To educate and promote the benefits of oil heat to consumers.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$228,176$161,828▼ $66,348
Cash and Non-Interest-Bearing Accounts$225,486$159,138▼ $66,348
Prepaid Expenses and Deferred Charges$2,690$2,690→ $0
Total Assets$228,176$161,828▼ $66,348
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$228,176$161,828▼ $66,348
Total Liabilities and Net Assets / Fund Balance$228,176$161,828▼ $66,348
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Thomas TubmanExecutive DiFT$39,666$39,666

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$26,074
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$26,074
Change in Net Assets
$-66,348
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$52,756
Salaries, Compensation, and Employee Benefits$39,666
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees-$39,666-$39,666
Fees for Services Legal-$22,048-$22,048
Advertising$12,092--$12,092
Travel-$8,819-$8,819
Insurance-$6,432-$6,432
Other Expenses-$2,205-$2,205
Office Expenses-$1,160-$1,160
Total Functional Expenses$12,092$80,330$0$92,422
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Any person, firm or corporation engaged in the heating oil, oil heating or related industries may be eligible for full, associate or transporter membership in the association, with each class of membership having its own board designated dues structure.

Form 990, Page 6, Part VI, Line 7A

Board members shall be elected for the term of two years and the members of the board shall be elected for a term of two years or in either case until their successors are elected and assume office. The nominating committee shall nominate candidates for office and members of the board to succeed those whose terms expire on jume 30th, and shall also nominate candidates to fill vacancies on the board of directors occasioned by death, removal or resignation. The committee shall, upon approval of the board, delvier to the executive director a list of proposed candidates at least thirty days prior to the annual general membership meeting and such list will be posted at the associations office. The list of candidates for office and members of the board shall be sent to all members (full, associate or transporter) of the assocation along with the regular notice of the annual general membership meeting. At the annual general membership meeting, the president shall appoint a chairman of the meeting who shall act as an inspector and canvass the vote. Voting shall be by ballot and the candidates receiving the highest number of votes shall be delcared elected to the office to which they were respectively nominated.

Form 990, Page 6, Part VI, Line 11B

Form 990 is reviewed by the finance consultants, the executive director and the boards finance committe and then sent to the board for review prior to filling with the irs.

Form 990, Page 6, Part VI, Line 12C

On an annual basis all officers, diectors & trustees must complete an 18-20 page questionare to disclose actual or potential conflicts of interest. Completed questionaires are then reviewed by the board of trustees.

Form 990, Page 6, Part VI, Line 19

American energy coalition, inc. Makes its governing documents available. Form 990 is avialable to the public upon request.

Filing and Contact Details

Filer

Filer Name
American Energy Coalition Inc
EIN
13-3052987
Phone
6313600200
Address
200 PARKWAY DRIVE SOUTH 202, HAUPPAUGE, NY 11788

Signing Officer

Name
Rocco Lacertosa
Title
Treasurer
Phone
6313600200
Signed
2024-02-19

Organization Details

Principal Officer
Rocco Lacertosa
Formed
1990
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
3

Preparer

Firm
B Riley Wealth Tax Services Inc
Address
500 PORTION RD STE 4, LAKE RONKONKOMA, NY 11779
Preparer
Paul Lorentzen CPA
Phone
6319139000
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ANY PERSON, FIRM OR CORPORATION ENGAGED IN THE HEATING OIL, OIL HEATING OR RELATED INDUSTRIES MAY BE ELIGIBLE FOR FULL, ASSOCIATE OR TRANSPORTER MEMBERSHIP IN THE ASSOCIATION, WITH EACH CLASS OF MEMBERSHIP HAVING ITS OWN BOARD DESIGNATED DUES STRUCTURE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD MEMBERS SHALL BE ELECTED FOR THE TERM OF TWO YEARS AND THE MEMBERS OF THE BOARD SHALL BE ELECTED FOR A TERM OF TWO YEARS OR IN EITHER CASE UNTIL THEIR SUCCESSORS ARE ELECTED AND ASSUME OFFICE. THE NOMINATING COMMITTEE SHALL NOMINATE CANDIDATES FOR OFFICE AND MEMBERS OF THE BOARD TO SUCCEED THOSE WHOSE TERMS EXPIRE ON JUME 30TH, AND SHALL ALSO NOMINATE CANDIDATES TO FILL VACANCIES ON THE BOARD OF DIRECTORS OCCASIONED BY DEATH, REMOVAL OR RESIGNATION. THE COMMITTEE SHALL, UPON APPROVAL OF THE BOARD, DELVIER TO THE EXECUTIVE DIRECTOR A LIST OF PROPOSED CANDIDATES AT LEAST THIRTY DAYS PRIOR TO THE ANNUAL GENERAL MEMBERSHIP MEETING AND SUCH LIST WILL BE POSTED AT THE ASSOCIATIONS OFFICE. THE LIST OF CANDIDATES FOR OFFICE AND MEMBERS OF THE BOARD SHALL BE SENT TO ALL MEMBERS (FULL, ASSOCIATE OR TRANSPORTER) OF THE ASSOCATION ALONG WITH THE REGULAR NOTICE OF THE ANNUAL GENERAL MEMBERSHIP MEETING. AT THE ANNUAL GENERAL MEMBERSHIP MEETING, THE PRESIDENT SHALL APPOINT A CHAIRMAN OF THE MEETING WHO SHALL ACT AS AN INSPECTOR AND CANVASS THE VOTE. VOTING SHALL BE BY BALLOT AND THE CANDIDATES RECEIVING THE HIGHEST NUMBER OF VOTES SHALL BE DELCARED ELECTED TO THE OFFICE TO WHICH THEY WERE RESPECTIVELY NOMINATED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 IS REVIEWED BY THE FINANCE CONSULTANTS, THE EXECUTIVE DIRECTOR AND THE BOARDS FINANCE COMMITTE AND THEN SENT TO THE BOARD FOR REVIEW PRIOR TO FILLING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS ALL OFFICERS, DIECTORS & TRUSTEES MUST COMPLETE AN 18-20 PAGE QUESTIONARE TO DISCLOSE ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. COMPLETED QUESTIONAIRES ARE THEN REVIEWED BY THE BOARD OF TRUSTEES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4AMERICAN ENERGY COALITION, INC. MAKES ITS GOVERNING DOCUMENTS AVAILABLE. FORM 990 IS AVIALABLE TO THE PUBLIC UPON REQUEST.
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02024-02-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PAUL LORENTZEN CPA
ReturnHeader/ReturnTs02024-02-28T18:34:56-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROCCO
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LACERTOSA
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.06$1.68$1.62
2023Detailed filing. Detailed filing data is available for this year.$1.62$0.00$1.62$0.26$0.92$0.66
2022Detailed filing. Detailed filing data is available for this year.$2.28$0.00$2.28$1.46$2.27$0.81
2021Detailed filing. Detailed filing data is available for this year.$3.14$0.05$3.09$2.65$2.61$0.03
2020Detailed filing. Detailed filing data is available for this year.$3.12$0.06$3.06$3.45$1.90$1.54
2019Detailed filing. Detailed filing data is available for this year.$1.67$0.12$1.54$4.44$4.74$0.30
2018Detailed filing. Detailed filing data is available for this year.$1.91$0.07$1.84$4.23$4.75$0.52
2017Detailed filing. Detailed filing data is available for this year.$2.46$0.10$2.36$5.69$5.16$0.53
2016Detailed filing. Detailed filing data is available for this year.$2.29$0.46$1.83$5.83$5.84$0.01
2015Detailed filing. Detailed filing data is available for this year.$2.13$0.29$1.84$6.11$7.30$1.20
2014Detailed filing. Detailed filing data is available for this year.$3.35$0.31$3.04$7.43$6.04$1.39
2013Detailed filing. Detailed filing data is available for this year.$1.87$0.22$1.65$7.41$7.76$0.35
2012Summary only. Only limited summary data is available for this year.$2.05$0.05$2.00$6.20$7.25$1.06
2011Summary only. Only limited summary data is available for this year.$3.09$0.03$3.05$4.68$2.89$1.79