Pennsylvania Petroleum Association Inc
- Assets
- $4.0m
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 4
- Location
- Middletown, PA
- Founding
- 04/1948
- Data as of
- 12/2021
- EIN
- 23-1282564
Organization Overview
Pennsylvania Petroleum Association Inc is located in Middletown, PA. The organization was established in 1948. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Pennsylvania Petroleum Association Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pennsylvania Petroleum Association Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Pennsylvania Petroleum Association Inc generated $1.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.8m during the year ending 12/2021. While expenses have increased by 4.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION REPRESENTING INDEPENDENT PETROLEUM MARKETERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVANCEMENT OF TRADE - EXPENSES INCLUDING CO-OP ADVERTISING, PUBLIC RELATIONS, AND REGULATORY AFFAIRS THAT PROMOTE ADVANCEMENT OF THE PETROLEUM INDUSTRY.
CONVENTIONS - CONVENTION EXPENSES DESIGNED TO PROMOTE THE BETTERMENT OF THE PETROLEUM INDUSTRY.
DEVELOPMENT CONFERENCES AND SCHOOLS - EXPENSES INCLUDING INSTRUCTOR FEES, FACILITIES, AND SUPPLIES INCURRED TO PROVIDE EDUCATIONAL SEMINARS REGARDING THE PETROLEUM INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John V Kulik Government Affairs | 40 | $225,900 | |
Ted Harris Executive Vice President | Officer | 40 | $211,124 |
Michael Mccarthy President | OfficerTrustee | 2 | $0 |
Bruce W Spiridonoff Vice President | OfficerTrustee | 2 | $0 |
James Swenson Treasurer | OfficerTrustee | 2 | $0 |
Scott T Walton Past President & Pmaa Dire | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $653,166 |
| Noncash contributions included in lines 1a–1f | $44,779 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $653,166 |
| Total Program Service Revenue | $1,060,415 |
| Investment income | $47,758 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$4,749 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,812,041 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $240,308 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $294,506 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $18,806 |
| Other employee benefits | $49,904 |
| Payroll taxes | $34,189 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,656 |
| Fees for services: Accounting | $59,945 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,814 |
| Advertising and promotion | $5,729 |
| Office expenses | $42,235 |
| Information technology | $27,554 |
| Royalties | $0 |
| Occupancy | $54,000 |
| Travel | $35,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $368,738 |
| Interest | $0 |
| Payments to affiliates | $36,850 |
| Depreciation, depletion, and amortization | $25,330 |
| Insurance | $12,380 |
| All other expenses | $0 |
| Total functional expenses | $1,753,498 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $112,655 |
| Savings and temporary cash investments | $306,969 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $783,197 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $16,801 |
| Prepaid expenses and deferred charges | $33,248 |
| Net Land, buildings, and equipment | $146,111 |
| Investments—publicly traded securities | $2,621,396 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,020,377 |
| Accounts payable and accrued expenses | $149,976 |
| Grants payable | $0 |
| Deferred revenue | $164,753 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $314,729 |
| Net assets without donor restrictions | $2,976,428 |
| Net assets with donor restrictions | $729,220 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,020,377 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pennsylvania Petroleum Association Inc has recieved totaling $584,566.
| Awarding Organization | Amount |
|---|---|
National Oilheat Research Alliance Alexandria, VA PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $584,566 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Erie County Agricultural Society Hamburg, NY | $60,939,761 | $12,196,655 |
York County Agricultural Society York, PA | $13,244,124 | $7,172,303 |
Maryland State Fair And Agricultural Society Inc Timonium, MD | $17,597,510 | $10,711,144 |
Delaware State Fair Inc Harrington, DE | $38,669,423 | $11,284,455 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Sussex County Farm And Horse Show Association Inc Branchville, NJ | $4,070,051 | $2,708,757 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |
Pennsylvania Petroleum Association Inc Middletown, PA | $4,020,377 | $1,812,041 |
Cleveland National Air Show Inc Cleveland, OH | $1,205,857 | $2,047,075 |
Marion County Agricultural Society Inc Marion, OH | $712,159 | $1,483,488 |
Ohio Equine And Agricultural Association Inc Springfield, OH | $3,559,831 | $1,335,609 |
The Transportation Alliance Inc Silver Spring, MD | $2,936,416 | $1,182,648 |