Propane Education & Research Council Inc
- Assets
- $68.2m
- Revenue
- $39.1m
- Investments
- $0.0
- Employees
- 38
- Location
- Washington, DC
- Founding
- 02/1998
- Data as of
- 12/2021
- EIN
- 36-4192410
Organization Overview
Propane Education & Research Council Inc is located in Washington, DC. The organization was established in 1998. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Propane Education & Research Council Inc employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Propane Education & Research Council 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, Propane Education & Research Council Inc generated $39.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $31.0m during the year ending 12/2021. 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
EXPAND AND GROW SAFE EFFICIENT USE OF ODORIZED PROPANE GAS AS PREFERRED ENERGY SOURCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESEARCH AND DEVELOPMENT - SUPPORT RESEARCH RELATED TO THE USE OF ODORIZED PROPANE AND DEVELOPMENT OF PROPANE UTILIZATION EQUIPMENT.
SAFETY AND TRAINING - SUPPORT PUBLIC AND PROPANE INDUSTRY AWARENESS AND TRAINING TO FOSTER THE SAFE, EFFICIENT USE AND HANDLING OF ODORIZED PROPANE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Swanson Russell Inc Consulting | 12/30/21 | $3,897,579 |
Grp Media Inc Advertising | 12/30/21 | $2,143,158 |
National Propane Gas Association Professional Services - Strategic Partnership; Technical Research | 12/30/21 | $1,295,000 |
Hanley Wood Media Inc Creative Promotional Services | 12/30/21 | $1,294,979 |
Cummins Inc Technology Development Consulting | 12/30/21 | $1,101,694 |
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 | $38,877,990 |
| Investment income | $398,407 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,956 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$329,292 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,056,977 |
| 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. | $3,597,917 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,509,024 |
| Pension plan accruals and contributions | $89,692 |
| Other employee benefits | $546,463 |
| Payroll taxes | $362,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $47,211 |
| Fees for services: Accounting | $382,016 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | -$480 |
| Fees for services: Other | $17,258,818 |
| Advertising and promotion | $0 |
| Office expenses | $494,754 |
| Information technology | $3,549,587 |
| Royalties | $0 |
| Occupancy | $465,939 |
| Travel | $393,020 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,298,758 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $504,409 |
| Insurance | $108,027 |
| All other expenses | $23,488 |
| Total functional expenses | $31,022,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $34,288,864 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,957,733 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $510,351 |
| Prepaid expenses and deferred charges | $432,162 |
| Net Land, buildings, and equipment | $54,859 |
| Investments—publicly traded securities | $25,291,726 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $500,000 |
| Other assets | $147,722 |
| Total assets | $68,183,417 |
| Accounts payable and accrued expenses | $5,400,807 |
| Grants payable | $0 |
| Deferred revenue | $167,186 |
| 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 | $15,257,457 |
| Total liabilities | $20,825,450 |
| Net assets without donor restrictions | $47,357,967 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $68,183,417 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Entrepreneurs Organization Alexandria, VA | $61,864,158 | $33,696,911 |
American Council On Education Washington, DC | $87,315,703 | $34,913,177 |
Association For Supervision And Curriculum Development Arlington, VA | $74,879,436 | $26,629,493 |
Propane Education & Research Council Inc Washington, DC | $68,183,417 | $39,056,977 |
National Science Teaching Association Arlington, VA | $24,488,010 | $16,846,179 |
American Society Of Pension Professionals & Actuaries Inc Arlington, VA | $34,260,839 | $23,358,827 |
American Association Of Community Colleges Washington, DC | $17,692,990 | $18,107,472 |
National Board For Professional Teaching Standards Inc Arlington, VA | $7,108,000 | $15,320,880 |
National Association Of Independent Schools Inc Washington, DC | $58,850,620 | $18,662,235 |
Air Force Association Arlington, VA | $41,846,008 | $19,163,734 |
American Association Of Colleges Of Nursing Washington, DC | $32,242,011 | $15,709,388 |
National Association For The Education Of Young Children Washington, DC | $62,448,452 | $19,211,047 |