Oil Region Alliance Of Business Industry & Tourism
- Assets
- $5.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- Oil City, PA
- Founding
- 06/1998
- Data as of
- 12/2022
- EIN
- 25-1118284
Organization Overview
Oil Region Alliance Of Business Industry & Tourism is located in Oil City, PA. The organization was established in 1998. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Oil Region Alliance Of Business Industry & Tourism employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Oil Region Alliance Of Business Industry & Tourism 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 12/2022, Oil Region Alliance Of Business Industry & Tourism generated $1.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.9% each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. While expenses have increased by 2.4% per year over the past 8 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
MANAGE THE OIL REGION NATIONAL HERITAGE AREA IN NORTHWESTERN PENNSYLVANIA INCLUDING ECONOMIC AND COMMUNITY DEVELOPMENT, TOURISM AND RECREATION.
Describe the Organization's Program Activity:
IN 2022, THE OIL REGION ALLIANCE CONTINUED REHABILITATION OF THE HISTORIC WILLIAM H SCHEIDE HOUSE WITH THE INSTALLATION OF FIRE AND SECURITY SYSTEMS ALONG WITH A SPRINKLER AND LAUNCHED THE BASEMENT REHABILITATION PROJECT; CONTINUED THE DOWNS BUILDING PROJECTWITH THE LAUNCH OF THE FIRST FLOOR RETAIL RENOVATIONS AND CENTRAL STAIRCASE; HOSTED A PLASTER WORKSHOP AT THE HISTORIC JUDGE MCKEE HOUSE; AWARDED EIGHT HISTORIC PRESERVATION AWARDS AND EIGHT HERITAGE MINI-GRANTSVIA PA DCNR; DEVELOPED AND UPDATED A MODERNIZED DRIVING TOUR OF THE OIL REGION NATIONAL HERITAGE AREA; ADVERTISED EXTENSIVELY THROUGH PRINT AND DIGITAL CAMPAIGNS;PRESENTED ANNUAL OIL REGION TOURISM AWARDS; SUPPORTED MARKETING AND HOSPITALITY FOR MULTIPLE CONFERENCES AND SPECIAL EVENTS IN THE OIL REGION; WORKED WITH A PROPERTY OWNER TO DEVELOP A NEW ACCESS ON THE ALLEGHENY RIVER; CONTINUED TO DEVELOP ADDITIONAL MILEAGE ON THE EAST BRANCH TRAIL AND THE ERIE TO PITTSBURGH TRAIL;COMPLETED FIRST EPA COMMUNITY-WIDE ASSESSMENT (CWA) GRANT AND LAUNCHED A NEW 500,000 CWA GRANT ON TARGET BROWNFIELDS IN THE OIL REGION; CONTINUED WORK ON AN ATV TRAIL FEASIBILITY STUDY; ASSISTED THE COLONEL DRAKE CULURAL ALLIANCE IN PROCURING A 200,000 GRANT FOR THE RENOVATION OF THE LYRIC THEATER; HOUSED THE OIL CITY MAIN STREET PROGRAM INCLUDING THE ARTS OIL CITY REVITALIZATION EFFORT; ASSUMED MANAGEMENT OF THE ARTS FLOOR OF THE OIL CITY CIVIC CENTER LOCATED IN THE HISTORIC NATIONAL TRANSIT BUILDING WITH THE GOAL OF MAINTAINING AFFORDABLE STUDIO SPACE AND A DOWNTOWN ARTIST HUB.
PUBLICATION OF VISITOR'S GUIDE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Phillips President/co | OfficerTrustee | 40 | $104,790 |
Jon Bernstein Director | Trustee | $0 | |
Samuel Breene Director | Trustee | $0 | |
Leah Carter Director | Trustee | $0 | |
Jon Crouch Director | OfficerTrustee | $0 | |
Chad Ellis Vice Chairpe | OfficerTrustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $73,225 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $897,598 |
| All other contributions, gifts, grants, and similar amounts not included above | $15,336 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $986,159 |
| Total Program Service Revenue | $126,193 |
| Investment income | $5,138 |
| 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 | $2,138 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,287,690 |
| 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. | $104,790 |
| Compensation of current officers, directors, key employees. | $23,133 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $453,217 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,371 |
| Payroll taxes | $44,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,580 |
| Office expenses | $35,581 |
| Information technology | $12,312 |
| Royalties | $0 |
| Occupancy | $170,195 |
| Travel | $21,886 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,923 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,427 |
| Insurance | $33,884 |
| All other expenses | $44,326 |
| Total functional expenses | $1,303,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $253,025 |
| Savings and temporary cash investments | $400,041 |
| Pledges and grants receivable | $899,117 |
| Accounts receivable, net | $10,153 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $25,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,755,538 |
| Investments—publicly traded securities | $136,368 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,987 |
| Total assets | $5,490,229 |
| Accounts payable and accrued expenses | $64,078 |
| Grants payable | $0 |
| Deferred revenue | $1,974,484 |
| 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 | $230,265 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $28,943 |
| Total liabilities | $2,297,770 |
| Net assets without donor restrictions | $3,154,733 |
| Net assets with donor restrictions | $37,726 |
| 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 | $5,490,229 |