Wisconsin Petroleum Marketers & Convenience Store Assoc Inc
- Assets
- $990.2k
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 3
- Location
- Madison, WI
- Founding
- 04/1945
- Data as of
- 12/2021
- EIN
- 39-0714470
Organization Overview
Wisconsin Petroleum Marketers & Convenience Store Assoc Inc is located in Madison, WI. The organization was established in 1945. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Wisconsin Petroleum Marketers & Convenience Store Assoc Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wisconsin Petroleum Marketers & Convenience Store Assoc 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, Wisconsin Petroleum Marketers & Convenience Store Assoc Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $950.3k 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
PROVIDE PROGRAMS AND ACTIVITIES TO REPRESENT THE BUSINESS INTERESTS FOR THOSE WHO MARKET AND DISTRIBUTE PETROLEUM AND RELATED PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVOCATING OUR MEMBERS' POSITIONS THROUGH PREMIER LOBBYING AT THE STATE AND FEDERAL LEVEL; COMMUNICATING CRITICAL INFORMATION; REINFORCING THE IMPORTANCE OF INDEPENDENT BUSINESSES IN THE SOCIAL AND ECONOMIC FABRIC OF OUR COMMUNITIES; EDUCATING STATE AND FEDERAL POLICY MAKERS AND THE PUBLIC ABOUT OUR INDUSTRY.
PROVIDE EDUCATIONAL AND INFORMATIONAL SERVICES AND SPONSOR CONVENTIONS AND SEMINARS FOR MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Hauser President | Officer | 45 | $168,875 |
Craig Wolf Secretary/treasurer | OfficerTrustee | 2 | $0 |
Jon Crawford Chairman | OfficerTrustee | 2 | $0 |
Andrew Bowman Chairman (through 4/21/21) | OfficerTrustee | 2 | $0 |
John Salden Vice Chairman | OfficerTrustee | 2 | $0 |
David Schwartz Second Vice Chairman | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,735 |
| 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 | $232,735 |
| Total Program Service Revenue | $999,202 |
| Investment income | $11,522 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $11,713 |
| 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 | $1,279,853 |
| 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. | $190,449 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $224,278 |
| Pension plan accruals and contributions | $24,100 |
| Other employee benefits | $40,539 |
| Payroll taxes | $27,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $600 |
| Fees for services: Accounting | $61,884 |
| Fees for services: Lobbying | $21,847 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,242 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,652 |
| Office expenses | $18,944 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $69,377 |
| Travel | $9,195 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $94,428 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,354 |
| All other expenses | $42,998 |
| Total functional expenses | $950,347 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $50,743 |
| Savings and temporary cash investments | $473,810 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,863 |
| 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 | $18,164 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $342,577 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $85,000 |
| Total assets | $990,157 |
| Accounts payable and accrued expenses | $47,114 |
| Grants payable | $0 |
| Deferred revenue | $188,385 |
| 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 | $235,499 |
| Net assets without donor restrictions | $754,658 |
| 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 | $990,157 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Wisconsin Petroleum Marketers & Convenience Store Assoc Inc has recieved totaling $112,148.
| Awarding Organization | Amount |
|---|---|
National Oilheat Research Alliance Alexandria, VA PURPOSE: RESEARCH & DEVELOPMENT, ENERGY EFFICIENCY, EDUCATION & TRAINING | $112,148 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Iowa West Foundation Council Bluffs, IA | $531,828,155 | $56,969,163 |
Iowa State Fair Foundation Des Moines, IA | $11,002,682 | $8,403,117 |
Fair And Exposition Society Of Jones County Inc Monticello, IA | $5,659,527 | $5,307,608 |
The Parade Company Detroit, MI | $3,309,193 | $3,267,080 |
Minnesota Fair Plan Bloomington, MN | $3,079,043 | $3,023,700 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Monroe County Fair Association Monroe, MI | $6,321,386 | $2,036,000 |
Minnesota Propane Association Zimmerman, MN | $1,583,838 | $1,664,231 |
Sheboygan County Fair Association Plymouth, WI | $2,297,030 | $1,962,294 |
Kenosha County Fair Association Inc Wilmot, WI | $2,247,686 | $1,814,776 |
German Fest Milwaukee Inc Menomonee Falls, WI | $1,157,824 | $1,461,133 |
Lake County Fair Association Grayslake, IL | $27,796,345 | $1,095,277 |