Louisiana Mid-Continent Oil And Gas Association
- Assets
- $3.4m
- Revenue
- $2.8m
- Investments
- $0.0
- Employees
- 6
- Location
- Baton Rouge, LA
- Founding
- 12/2008
- Data as of
- 12/2023
- EIN
- 26-3239839
Organization Overview
Louisiana Mid-Continent Oil And Gas Association is located in Baton Rouge, LA. The organization was established in 2008. According to its NTEE Classification (S46) the organization is classified as: Boards of Trade, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Louisiana Mid-Continent Oil And Gas Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Mid-Continent Oil And 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 12/2023, Louisiana Mid-Continent Oil And Gas Association generated $2.8m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $2.9m during the year ending 12/2023. 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
LOUISIANA MID-CONTINENT OIL AND GAS ASSOCIATION'S MISSION IS TO PROMOTE AND REPRESENT THE OIL AND GAS INDUSTRY OPERATING IN LOUISIANA AND THE GULF OF MEXICO BY EXTENDING REPRESENTATION OF OUR MEMBERS TO THE LOUISIANA LEGISLATURE, STATE AND FEDERAL AGENCIES, THE LOUISIANA CONGRESSIONAL DELEGATION, THE MEDIA, AND THE GENERAL PUBLIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LMOGA MEMBERS HAVE ACCESS TO THE ASSOCIATION'S STAFF WHICH, COLLECTIVELY, INCLUDES EXPERTS WITH EXTENSIVE EXPERIENCE IN AREAS DIRECTLY IMPACTING THE OIL AND GAS INDUSTRY'S OPERATIONS IN LOUISIANA AND THE GULF OF MEXICO. THIS EXPERTISE INCLUDES ASSISTANCE TO MEMBERS IN ALL MATTERS RELATED TO ENVIRONMENTAL, REGULATORY, AND TECHNICAL ISSUES FACING THE MEMBERSHIP, AND LEGISLATIVE AND LEGAL ASSISTANCE ON ALL MATTERS RELATED TO NATURAL RESOURCES AND THE COASTAL ZONE. MEMBERSHIP IS OPEN TO COMPANIES INVOLVED IN OIL AND GAS ACTIVITIES. BENEFITS OF MEMBERSHIP INCLUDE GOVERNMENT RELATIONS, PUBLIC RELATIONS, EMERGENCY ISSUE RESPONSE, BUSINESS NETWORKING, COMMITTEE MEMBERSHIP, NEWSLETTERS AND PUBLICATIONS, LMOGA ANNUAL MEETING, REGIONAL MEETINGS AND OTHER ASSOCIATION EVENTS, AND THE LMOGA HOUSE. THE ASSOCIATION REPRESENTS ITS MEMBERS AND THE INDUSTRY IN ALL ASPECTS OF THEIR OPERATIONS BEFORE GROUPS INCLUDING THE LOUISIANA LEGISLATURE, LOCAL, STATE, AND FEDERAL AGENCIES, AND THE UNITED STATES CONGRESS. IT ALSO FREQUENTLY WORKS WITH OTHER TRADE ASSOCIATIONS AND AFFILIATED ORGANIZATIONS, THE NEWS MEDIA, AND EDUCATIONAL ENTITIES SUCH AS THE LSU CENTER FOR ENERGY STUDIES. THROUGHOUT THE YEAR, THE STAFF OF THE LOUISIANA MID CONTINENT OIL & GAS ASSOCIATION MONITORS MEETINGS OF GOVERNMENT AGENCIES SUCH AS THE DEPARTMENT OF ENVIRONMENTAL QUALITY, OFFICE OF CONSERVATION, THE DEPARTMENT OF REVENUE, LOUISIANA TAX COMMISSION, LOUISIANA ECONOMIC DEVELOPMENT, THE MINERAL BOARD, PUBLIC SERVICE COMMISSION, LEGISLATIVE COMMITTEES AND THE SPECIAL AGENCIES, COMMISSIONS, BOARDS, AND COMMITTEES FORMED TO CONSIDER SPECIFIC MATTERS. LASTLY, STAFF MANAGE AND COORDINATE WITH RELEVANT AGENCIES DURING EMERGENCY SITUATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tracey Hester Board Member | Trustee | 2 | $0 |
Nathan Mcbride Board Member | Trustee | 2 | $0 |
Bryan Williams Board Member | Trustee | 2 | $0 |
Mike Henschen Board Member | Trustee | 2 | $0 |
Matt Sheppard Board Member | Trustee | 2 | $0 |
Darrell Johnson Board Member | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Lori Leblanc Consulting | 12/30/18 | $186,000 |
Garey Forster Consulting | 12/30/18 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,100,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $30,928 |
| All other contributions, gifts, grants, and similar amounts not included above | $186,744 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,317,672 |
| Total Program Service Revenue | $433,291 |
| Investment income | $30,190 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$16,230 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,815,027 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $647 |
| 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. | $497,486 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $373,007 |
| Pension plan accruals and contributions | $20,782 |
| Other employee benefits | $162,097 |
| Payroll taxes | $53,254 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $188,839 |
| Fees for services: Accounting | $17,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $690,421 |
| Advertising and promotion | $7,172 |
| Office expenses | $6,980 |
| Information technology | $15,846 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $39,120 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,086 |
| Interest | $12,651 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $66,555 |
| Insurance | $38,796 |
| All other expenses | $102,977 |
| Total functional expenses | $2,865,545 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $788,811 |
| Savings and temporary cash investments | $660,792 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,339 |
| 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 | $35,393 |
| Net Land, buildings, and equipment | $1,860,529 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,450 |
| Total assets | $3,351,314 |
| Accounts payable and accrued expenses | $69,230 |
| Grants payable | $0 |
| Deferred revenue | $319,600 |
| 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 | $231,282 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $620,112 |
| Net assets without donor restrictions | $2,718,320 |
| Net assets with donor restrictions | $12,882 |
| 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 | $3,351,314 |