Nebraska Petroleum Marketers Inc
- Assets
- $1.8m
- Revenue
- $398.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Lincoln, NE
- Founding
- 03/1936
- Data as of
- 12/2022
- EIN
- 47-0249550
Organization Overview
Nebraska Petroleum Marketers Inc is located in Lincoln, NE. The organization was established in 1936. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Nebraska Petroleum Marketers Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Petroleum Marketers 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 12/2022, Nebraska Petroleum Marketers Inc generated $398.0k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 4.3% each year. All expenses for the organization totaled $383.0k during the year ending 12/2022. While expenses have increased by 4.2% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE PETROLEUM PRODUCTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTERING A COOPERATIVE SPIRIT BETWEEN DISTRIBUTORS AND MARKETERS OF PETROLUEM PRODUCTS, AND PROVIDE MEMBERS WITH INFORMATION AND EDUCATION ABOUT THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Keigher Exec. Dir./s | Officer | 40 | $133,338 |
Charlie Bosselman Member | Trustee | 1 | $0 |
Brian Copsey Member | Trustee | 1 | $0 |
Tommy Hergert Member | Trustee | 1 | $0 |
Jeff Ingalls Member | Trustee | 1 | $0 |
Richard Jameson Member | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $24,110 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $61,890 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $86,000 |
| Total Program Service Revenue | $229,935 |
| Investment income | $61,969 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,444 |
| Net Income from Fundraising Events | -$6,220 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $397,987 |
| 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. | $133,338 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $49,500 |
| Pension plan accruals and contributions | $8,825 |
| Other employee benefits | $28,176 |
| Payroll taxes | $15,319 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,365 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $18,711 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $19,798 |
| Information technology | $7,583 |
| Royalties | $0 |
| Occupancy | $14,007 |
| Travel | $13,272 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $36,341 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,123 |
| All other expenses | $1,238 |
| Total functional expenses | $382,991 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,416 |
| Savings and temporary cash investments | $37,635 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $72,080 |
| 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 | $1,179 |
| Net Land, buildings, and equipment | $3,274 |
| Investments—publicly traded securities | $1,581,780 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,600 |
| Total assets | $1,809,964 |
| Accounts payable and accrued expenses | $5,844 |
| Grants payable | $0 |
| Deferred revenue | $161,046 |
| 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 | $166,890 |
| Net assets without donor restrictions | $1,643,074 |
| 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 | $1,809,964 |