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Nonprofit · EIN 54-2145297

INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION

Tax-exempt · CROMWELL, CT 06416

Financials

$838K$844K2023$918K$943K2024
Revenue Expenses · by fiscal year end
Financials of INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$917,674$942,604-$24,930$2,523,387$1,150,847$1,372,540
December 31, 2023990$837,709$844,423-$6,714$2,262,985$851,781$1,411,204
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$32,477
Program service revenue
$826,633
Investment income
$18,680
Net gain from sales of assets
$1,793
Other revenue
$39,884

Expenses

Grants and similar amounts paid
$20,500
Other salaries and wages
$345,549
Salaries, compensation and benefits (total)
$447,110
Professional fundraising fees
$0
Legal fees
$563
Accounting fees
$15,281
Occupancy
$23,925
Travel
$5,345
Depreciation
$47,457
Program services (functional)
$817,617
Management and general (functional)
$124,987

Balance sheet and other

Total assets, start of year
$2,249,251
Total assets, end of year
$2,523,387
Total liabilities, end of year
$1,150,847
Net assets, end of year
$1,372,540
Land, buildings and equipment
$480,564
Net assets without donor restrictions
$1,368,040
Net assets with donor restrictions
$4,500
Gross receipts
$1,417,674
Employees
5
Volunteers
0
Year formed
2004
State of legal domicile
CT

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.

NameTitleHours / weekCompensationFrom related orgsOther / benefits
Christian A HerbPreident
Highest-paid employee
40$0$165,753$25,516
Michael MatareseVice Chair
Trustee or director, Officer
4$0$0$0
Fred LordTreasurer/Secretary
Trustee or director, Officer
4$0$0$0
Katie ChildsImmediate Past President
Trustee or director, Officer
4$0$0$0
Peter AzizDirector
Trustee or director
2$0$0$0
Rick BolognaDirector
Trustee or director
2$0$0$0
John BowmanDirector
Trustee or director
2$0$0$0
David DanielsDirector
Trustee or director
2$0$0$0
Jamie DensmoreDirector
Trustee or director
2$0$0$0
Catherine ErasmusDirector
Trustee or director
2$0$0$0
David FosterDirector
Trustee or director
2$0$0$0
Roy FriedmanDirector
Trustee or director
2$0$0$0
Richard Gada SrDirector
Trustee or director
2$0$0$0
Samuel GaultDirector
Trustee or director
2$0$0$0
Eric GottierDirector
Trustee or director
2$0$0$0
17 more people on this return
NameTitleHours / weekCompensation
Jeff JenningsDirector
Trustee or director
2$0
Richard JohnsonDirector
Trustee or director
2$0
John McCuskerDirector
Trustee or director
2$0
Matthew MitchellDirector
Trustee or director
2$0
George PerrelliDirector
Trustee or director
2$0
Howard PetersonDirector
Trustee or director
2$0
Sharon PetersonDirector
Trustee or director
2$0
Stephen RosentelDirector
Trustee or director
2$0
Peter RussellDirector
Trustee or director
2$0
Paula RyanDirector
Trustee or director
2$0
Susan SantopietroDirector
Trustee or director
2$0
Gary SippinDirector
Trustee or director
2$0
David SousaDirector
Trustee or director
2$0
Greg StafstormDirector
Trustee or director
2$0
Jennifer Tracey-CarloDirector
Trustee or director
2$0
Frank TroianoDirector
Trustee or director
2$0
Stephen H Sack JrChair
Trustee or director, Officer
4$0
990 for the year ended December 31, 2023: 32 people
NameTitleHours / weekCompensationFrom related orgsOther / benefits
CHRISTIAN A HERBPRESIDENT
Officer
40$0$235,383$31,213
DAVID DANIELSDIRECTOR
Trustee or director
2$0$0$0
DAVID FOSTERBOARD CHAIR/PAST CHAIR
Trustee or director, Officer
2$0$0$0
FRANK TROIANODIRECTOR
Trustee or director
2$0$0$0
FRED LORDTREASURER/SECRETARY
Trustee or director, Officer
4$0$0$0
GARY SIPPINBOARD CHAIR/PAST CHAIR
Trustee or director, Officer
4$0$0$0
HOWARD PETERSONDIRECTOR
Trustee or director
2$0$0$0
JOHN MCCUSKERDIRECTOR
Trustee or director
2$0$0$0
JOHN BOWMANDIRECTOR
Trustee or director
2$0$0$0
JENNIFER TRACEY-CARLODIRECTOR
Trustee or director
2$0$0$0
DAVID SOUSADIRECTOR
Trustee or director
2$0$0$0
JEFF JENNINGSDIRECTOR
Trustee or director
2$0$0$0
MATTHEW MITCHELLDIRECTOR
Trustee or director
2$0$0$0
PETER AZIZBOARD CHAIR/PAST CHAIR
Trustee or director, Officer
2$0$0$0
PETER RUSSELLBOARD CHAIR/PAST CHAIR
Trustee or director, Officer
2$0$0$0
RICHARD GADA SRDIRECTOR
Trustee or director
2$0$0$0
RICK BOLOGNABOARD CHAIR/PAST CHAIR
Trustee or director, Officer
2$0$0$0
ROYCE FRIEDMANDIRECTOR
Trustee or director
2$0$0$0
SAMUEL GAULTDIRECTOR
Trustee or director
2$0$0$0
SHARON PETERSONDIRECTOR
Trustee or director
2$0$0$0
STEPHEN G ROSENTELDIRECTOR
Trustee or director
2$0$0$0
STEPHEN H SACK JRCHAIRMAN/DIRECTOR
Trustee or director, Officer
2$0$0$0
ERIC GOTTIERDIRECTOR
Trustee or director
2$0$0$0
MICHAEL MATARESEVISE PRESIDENT
Trustee or director, Officer
2$0$0$0
KATIE CHILDSIMMEDIATE PAST CHAIR
Trustee or director, Officer
4$0$0$0
GEORGE PERRELLIDIRECTOR
Trustee or director
2$0$0$0
SUSAN SANTOPIETRODIRECTOR
Trustee or director
2$0$0$0
GREG STAFSTORMDIRECTOR
Trustee or director
2$0$0$0
JAMIE DENSMOREDIRECTOR
Trustee or director
2$0$0$0
CATHY ERASMUSDIRECTOR
Trustee or director
2$0$0$0
RICK JOHNSONDIRECTOR
Trustee or director
2$0$0$0
PAULA RYANDIRECTOR
Trustee or director
2$0$0$0

Address and contacts

Address (IRS master file)
10 ALCAP RDG, CROMWELL, CT 06416-1002
In care of
% CHRISTIAN A HERB
Principal officer (990 for 2024)
Christian A Herb, 10 Alcap Ridge, Cromwell, CT 06416
Signed the 990
Christian A Herb, President
Phone
(860) 613-2041
Return prepared by
HRT Advisors LLC

Mission

To offer classroom and laboratory training in the oil heating, ventilation and air conditioning disciplines leading to the successful graduate being able to sit for their Connecticut B, S or D class professional licenses; to seek to develop human resources; to discover and disseminate knowledge; to extend knowledge and its application byond the boundries of its school; and to serve and stimulate service professionals by developing in students' hightened intellectual, professional, and human sensitivites as well as technological expertise and sense of purpose. Inherent in this broad mission are methods of instruction, education and public service designed to educate people and improve the heating oil industry's ability to grow and serve its customers.

990 for the year ended December 31, 2024

Program accomplishments

  • Private vocational technical school for oil heating, ventilation, and air-conditioning professionals, serving 54 participants.
    Expenses $745,607 · revenue $579,956
  • Seminars on technical subjecrts related to heating and ventilation and review classes for professional licenses certification including NORA reimbursement; serving 293 participants
    Expenses $51,510 · revenue $97,970
  • Scholarship given to three individuals
    Expenses $20,500 · grants $20,500

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
54-2145297
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2005
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B60)
Assets (IRS master file)
$2,523,387
Income (IRS master file)
$1,417,674

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$917,674$942,604$2,523,387XML
990December 2023$837,709$844,423$2,262,985XML
990December 2022$886,305$699,292$2,144,017IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––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 54-2145297).

Questions about INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION

What is the EIN of INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION?
The employer identification number (EIN) of INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION is 54-2145297.
Is INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
Are donations to INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION 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 INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION 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 INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION 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 INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 names Christian A Herb.
Who are the officers and directors of INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION?
The 990 for the year ended December 31, 2024 lists 32 people; 0 received compensation from the organization.
How much revenue does INDEPENDENT CONNECTICUT PETROLEUM ASSOCIATION EDUCATION FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $917,674, expenses of $942,604 and total assets of $2,523,387 at year end.

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