Pennsylvania Petroleum Association Inc
- Assets
- $4.5m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 7
- Location
- Middletown, PA
- Founding
- 04/1948
- Data as of
- 12/2023
- 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 12/2023, Pennsylvania Petroleum Association Inc employed 7 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 12/2023, Pennsylvania Petroleum Association Inc generated $2.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.9% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 6.7% per year over the past 9 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
2023
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 |
|---|---|---|---|
Bruce W Spiridonoff President | OfficerTrustee | 2 | $0 |
Steve Oehlert Vice President | OfficerTrustee | 2 | $0 |
Jim Barber Treasurer | OfficerTrustee | 2 | $0 |
Michael Mccarthy Past President & Ema Direc | OfficerTrustee | 2 | $0 |
James A Barton Director | Trustee | 2 | $0 |
Andy Bradigan Director | Trustee | 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 | $635,650 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $635,650 |
| Total Program Service Revenue | $1,650,781 |
| Investment income | $32,765 |
| 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 | -$249 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,395,527 |
| 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. | $247,596 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $259,652 |
| Pension plan accruals and contributions | $13,010 |
| Other employee benefits | $50,486 |
| Payroll taxes | $33,856 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,360 |
| Fees for services: Accounting | $63,062 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $146,161 |
| Advertising and promotion | $5,000 |
| Office expenses | $58,355 |
| Information technology | $46,684 |
| Royalties | $0 |
| Occupancy | $97,684 |
| Travel | $47,453 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $586,751 |
| Interest | $0 |
| Payments to affiliates | $37,800 |
| Depreciation, depletion, and amortization | $28,631 |
| Insurance | $14,483 |
| All other expenses | $0 |
| Total functional expenses | $2,241,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $183,310 |
| Savings and temporary cash investments | $555,967 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $857,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,887 |
| Prepaid expenses and deferred charges | $28,622 |
| Net Land, buildings, and equipment | $158,850 |
| Investments—publicly traded securities | $2,496,940 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $229,786 |
| Total assets | $4,542,184 |
| Accounts payable and accrued expenses | $92,649 |
| Grants payable | $0 |
| Deferred revenue | $264,439 |
| 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 | $229,786 |
| Total liabilities | $586,874 |
| Net assets without donor restrictions | $3,091,873 |
| Net assets with donor restrictions | $863,437 |
| 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 | $4,542,184 |