Nebraska Propane Gas Association
- Assets
- $677.1k
- Revenue
- $175.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Lincoln, NE
- Founding
- 03/1953
- Data as of
- 12/2022
- EIN
- 47-0433322
Organization Overview
Nebraska Propane Gas Association is located in Lincoln, NE. The organization was established in 1953. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nebraska Propane 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 12/2022, Nebraska Propane Gas Association generated $175.0k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $189.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (0.3%) per year over the past 8 years. 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
PROMOTE PROPANE INDUSTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROMOTE STRENGTH AND GROWTH IN THE NEBRASKA PROPANE INDUSTRY THROUGH CONSUMER EDUCATION, DEALER TRAINING, PUBLIC RELATIONS AND COMMUNICATION. APPROXIMATELY 125 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynne Mcnally Executive Di | Officer | 40 | $81,381 |
Randy Birchem Treasurer | OfficerTrustee | 1 | $0 |
Ken Caldwell Director | Trustee | 1 | $0 |
Dan Chudomelka Director | Trustee | 1 | $0 |
David Dodson Director | Trustee | 1 | $0 |
Carrie Engel Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $78,509 |
| 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 | $78,509 |
| Total Program Service Revenue | $116,975 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,465 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $175,019 |
| 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 | $81,381 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $4,070 |
| Other employee benefits | $0 |
| Payroll taxes | $6,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,600 |
| Fees for services: Lobbying | $200 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $700 |
| Information technology | $4,439 |
| Royalties | $0 |
| Occupancy | $7,518 |
| Travel | $6,724 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,519 |
| Insurance | $20,167 |
| All other expenses | $0 |
| Total functional expenses | $189,062 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $242,846 |
| Savings and temporary cash investments | $12,379 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $392 |
| 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 | $0 |
| Net Land, buildings, and equipment | $6,259 |
| Investments—publicly traded securities | $415,211 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $677,087 |
| Accounts payable and accrued expenses | $1,814 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $4,207 |
| Total liabilities | $6,021 |
| Net assets without donor restrictions | $671,066 |
| 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 | $677,087 |