Fourchon Oilmans Association Inc
- Assets
- $168.9k
- Revenue
- $84.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Cut Off, LA
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-2346917
Organization Overview
Fourchon Oilmans Association Inc is located in Cut Off, LA. The organization was established in 2011. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fourchon Oilmans Association Inc 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, Fourchon Oilmans Association Inc generated $84.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (28.2%) each year. All expenses for the organization totaled $52.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (34.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL OFFSHORE FISHING TOURNAMENT HELD IN JULY TO RAISE FUNDS FOR COMMUNITY GRANTS AND LOCAL SCHOOL SCHOLARSHIPS. FISHING TOURNAMENT HAS BEEN POSTPONED DUE TO HURRICANE IDA. ANNUAL GOLF TOURNAMENT HELD IN SEPTEMBER TO RAISE FUNDS FOR LOCAL SCHOOL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kent Fagan Treasurer | 0 | $0 | |
Eddie Callais President | 0 | $0 | |
Chett Chiasson Secretary | 0 | $0 | |
Wade Danos Vice Preside | 0 | $0 | |
Randy Adams Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $83,328 |
| Interest on Savings | $946 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $84,274 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $36 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $51,938 |
| Total operating and administrative expenses | $51,974 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $51,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $83,826 |
| Savings and temporary cash investments | $85,085 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $168,911 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |