Pennsylvania Independent Oil & Gas Association
- Assets
- $2.0m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 7
- Location
- Wexford, PA
- Founding
- Data as of
- 12/2022
- EIN
- 25-1815131
Organization Overview
Pennsylvania Independent Oil & Gas Association is located in Wexford, PA. As of 12/2022, Pennsylvania Independent Oil & Gas Association employed 7 individuals. Pennsylvania Independent Oil & Gas Association 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 12/2022, Pennsylvania Independent Oil & Gas Association generated $1.1m 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 (4.9%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (6.0%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TRADE ASSOCIATION REPRESENTING PENNSYLVANIA'S INDEPENDENT OIL AND NATURAL GAS PRODUCERS, MARKETERS, SERVICE COMPANIES AND RELATED BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCACY REGARDING ISSUES RELATING TO THE OIL AND NATURAL GAS INDUSTRY IN PENNSYLVANIA
ANNUAL CONFERENCE AND GOLF OUTINGS
SEMINARS TO EDUCATE MEMBERS ON INDUSTRY ISSUES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel Weaver Executive Director | Trustee | 40 | $124,000 |
Stanley Berdell Director | Trustee | 1 | $0 |
Nicholas Andreychek Director | Trustee | 1 | $0 |
Teresa Mccurdy Director | Trustee | 1 | $0 |
Jake Stilley Director | Trustee | 1 | $0 |
Bruce King Director | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,049,551 |
| Investment income | $5,937 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,114,677 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,185 |
| 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. | $331,567 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $290,237 |
| Pension plan accruals and contributions | $2,554 |
| Other employee benefits | $34,825 |
| Payroll taxes | $49,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $52,661 |
| Fees for services: Accounting | $18,461 |
| Fees for services: Lobbying | $8,038 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,208 |
| Advertising and promotion | $27,341 |
| Office expenses | $28,457 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $33,947 |
| Travel | $72,938 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125,934 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,958 |
| All other expenses | $14,183 |
| Total functional expenses | $1,169,876 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,125 |
| Savings and temporary cash investments | $1,526,527 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $420,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $30,394 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,978,076 |
| Accounts payable and accrued expenses | $8,767 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $3,388 |
| Total liabilities | $12,155 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $1,965,921 |
| 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 | $1,978,076 |
Grants Awarded
Over the last fiscal year, Pennsylvania Independent Oil & Gas Association has awarded $10,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
COMMONWEALTH FOUNDATION FOR PUBLIC POLICY ALTERNATIVES PURPOSE: SPONSORSHIP | $5,000 |
PENNSYLVAIA STATE UNIVERSITY PURPOSE: CONTRIBUTION IN SUPPORT OF ENERGY LAND MANAGEMENT PROGRAM. | $5,000 |