American Petroleum Inst Rgv Chapter Inc
- Assets
- $318.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mcallen, TX
- Founding
- 02/2006
- Data as of
- 05/2023
- EIN
- 20-4087746
Organization Overview
American Petroleum Inst Rgv Chapter Inc is located in Mcallen, TX. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Petroleum Inst Rgv Chapter Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, American Petroleum Inst Rgv Chapter Inc generated $88.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.9%) each year. All expenses for the organization totaled $82.3k during the year ending 05/2023. As we would expect to see with falling revenues, expenses have declined by (13.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION FURTHERS THE CAUSES OF OTHER NON-PROFIT INSTITUTIONS BY PROVIDING FUNDS AND ALSO FUNDS SCHOLARSHIPS FOR STUDENTS PURSUING DEGREES AT UNIVERSITIES AND COLLEGES. DURING THE FISCAL YEAR THE ORGANIZATION AWARDED SCHOLARSHIPS AND MADE VARIOUS DONATIONS TO EXEMPT ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arnold Perez Treasurer | 4 | $0 | |
Chris Paras President | 4 | $0 | |
Fabian Vice President | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $88,141 |
| Other Revenue | $0 |
| Total Revenue | $88,141 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $120 |
| Other expenses | $29,366 |
| Total expenses | $82,266 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $318,775 |
| Other assets | $0 |
| Total assets | $318,775 |
| Total liabilities | $0 |
| Net assets or fund balances | $318,775 |