Arkansas Independent Producers And Royalty Owners Association Inc
- Assets
- $370.5k
- Revenue
- $209.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Little Rock, AR
- Founding
- 12/2008
- Data as of
- 12/2021
- EIN
- 26-1648416
Organization Overview
Arkansas Independent Producers And Royalty Owners Association Inc is located in Little Rock, AR. The organization was established in 2008. According to its NTEE Classification (S12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Arkansas Independent Producers And Royalty Owners 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, Arkansas Independent Producers And Royalty Owners Association Inc generated $209.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $198.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.1%) 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE GREATER UNDERSTANDING AND AWARENESS OF THE UNIQUE NATURE OF ARKANSAS'S INDEPENDENT OIL AND NATURAL GAS PRODUCER AND THE MARKET PLACE IN WHICH THEY OPERATE. TO HIGHLIGHT ECONOMIC CONTRIBUTIONS, FOSTER EFFICIENT UTILIZATION OF RESOURCES, PROMOTE A BALANCED APPROACH TO RESOURCE DEVELOPMENT AND ENVIRONMENTAL PROTECTION AND IMPROVE BUSINESS CONDITIONS FOR ITS MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONDUCTED ANNUAL MEETING TO ALLOW MEMBERS TO NETWORK, ALLOW COMMUNICATIONS AMONG MEMBERSHIP AND EDUCATE ON CURRENT ACTIVITES AFFECTING THE MEMBERSHIP AND INDUSTRY. ATTENDED BY APPROXIMATELY 150 MEMBERS.
HELD EDUCATIONAL SEMINARS AND UPDATE MEMBERS ON RECENT DEVELOPMENTS IN THE INDUSTRY.
ESTABLISHED A REWARD PROGRAM AS AN INCENTIVE TO AID MEMBERS TO DETER VANDALISM, THEFT AND OTHER PROPERTY DAMAGE.
TO PROMOTE THE COMMON GOALS OF PROTECTING THE CO-EQUAL AND CORRELATIVE RIGHTS OF PRODUCERS AND OWNERS SO THAT EACH MAY TIMELY RECOVER HIS OR HER JUST AND EQUITABLE SHARE OF PRODUCTION REVENUES, AND OF PROTECTING THEMSELVES FROM LEGISLATIVE AND REGULATORY THREATS TO THEIR EXISTENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andy Miller President | OfficerTrustee | 2 | $0 |
Mike Callan Secretary | OfficerTrustee | 2 | $0 |
Rodney Baker Executive Di | Trustee | 30 | $0 |
Justin W Cope Director | Trustee | 2 | $0 |
Bill Hanna Director | Trustee | 2 | $0 |
Nathan Caldwell Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $180,470 |
| 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 | $180,470 |
| Total Program Service Revenue | $26,960 |
| Investment income | $1,000 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $546 |
| 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 | $208,976 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $142,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $4,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,597 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,135 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $228 |
| Insurance | $2,311 |
| All other expenses | $3,566 |
| Total functional expenses | $198,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,771 |
| Savings and temporary cash investments | $181,030 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $8,746 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $370,547 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $370,547 |
| Total liabilities and net assets/fund balances | $370,547 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Arkansas Independent Producers And Royalty Owners Association Inc has recieved totaling $5,203.
| Awarding Organization | Amount |
|---|---|
American Petroleum Institute Washington, DC PURPOSE: EVENT SPONSORSHIP | $5,203 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arlington Tomorrow Foundation Arlington, TX | $100,083,582 | $21,077,452 |
Lift Inc Tupelo, MS | $308,777 | $4,064,003 |
Mid-America Regional Council Community Services Corporation Kansas City, MO | $2,213,477 | $3,497,916 |
Black Tie Dinner Inc Dallas, TX | $245,672 | $1,497,518 |
Texas Medical Association Foundation Austin, TX | $16,598,953 | $2,226,990 |
Memphis Land Bank Inc Memphis, TN | $18,817,383 | $908,597 |
State Council Charities Austin, TX | $2,067,797 | $1,066,934 |
Generating Income For Tomorrow Kansas City, MO | $295,787 | $1,133,745 |
Kc Air Show Charities Inc Kansas City, MO | $68,342 | $938,134 |
Heart Of America Redistribution Solutions And Support Sedalia, MO | $435,050 | $1,090,030 |
Better Business Bureau Of Metropolitan Houston Educational F Houston, TX | $1,320,064 | $600,627 |
River Oaks Foundation Inc Houston, TX | $1,077,805 | $586,308 |