Kansas Independent Oil & Gas Assn
- Assets
- $1.6m
- Revenue
- $953.5k
- Investments
- $0.0
- Employees
- 3
- Location
- Topeka, KS
- Founding
- 12/1939
- Data as of
- 12/2021
- EIN
- 48-0289485
Organization Overview
Kansas Independent Oil & Gas Assn is located in Topeka, KS. The organization was established in 1939. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Kansas Independent Oil & Gas Assn employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Independent Oil & Gas Assn 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, Kansas Independent Oil & Gas Assn generated $953.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $753.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.0%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION OF THE KANSAS OIL & GAS INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKET IMPROVEMENTS FOR KANSAS OIL AND GAS AND PROMOTION OF THE WELFARE OF OIL AND GAS INDUSTRY IN THE STATE OF KANSAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ed Cross President | Officer | 40 | $171,000 |
Andrea Krug Krauss Chairman | OfficerTrustee | 1 | $0 |
Charles B Wilson Vice Chairman | OfficerTrustee | 1 | $0 |
Ed Nemnich Vice Chairman | OfficerTrustee | 1 | $0 |
Timothy D Hellman Vice Chairman | OfficerTrustee | 1 | $0 |
Barry Hill Vice Chairman | OfficerTrustee | 1 | $0 |
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 | $766,003 |
| Investment income | $25,983 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $121,042 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $953,509 |
| 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. | $171,000 |
| Compensation of current officers, directors, key employees. | $66,690 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $83,600 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $7,222 |
| Payroll taxes | $17,796 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $21,996 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $20,488 |
| Office expenses | $16,197 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $32,442 |
| Travel | $9,082 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $294,380 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,221 |
| Insurance | $23,842 |
| All other expenses | $0 |
| Total functional expenses | $753,424 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,211 |
| Savings and temporary cash investments | $431,436 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $36,582 |
| Investments—publicly traded securities | $963,871 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,638,100 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $109,978 |
| 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 | $109,978 |
| Net assets without donor restrictions | $1,528,122 |
| 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 | $1,638,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Denver Metro Convention & Visitors Bureau Denver, CO | $32,418,723 | $29,420,988 |
Greater Oklahoma City Chamber Of Commerce Oklahoma City, OK | $12,639,674 | $12,068,118 |
Chamber Of Commerce Metropolitan Tulsa Tulsa, OK | $9,253,345 | $10,228,951 |
Denver Metro Chamber Of Commerce Denver, CO | $24,074,791 | $9,796,835 |
Commercial Real Estate Women Network Lawrence, KS | $20,981,999 | $6,251,461 |
Colorado Lending Source Ltd Denver, CO | $12,386,604 | $5,983,291 |
Better Business Bureau Of Greater St Louis Inc St Louis, MO | $4,281,553 | $5,139,066 |
Springfield Convention And Visitors Springfield, MO | $1,284,082 | $4,581,352 |
Branson Chamber Of Commerce Branson, MO | $7,433,805 | $4,271,534 |
Missouri Association Of Realtors Columbia, MO | $17,146,972 | $6,043,805 |
Colorado Springs Convention Visitors Bureau Colorado Springs, CO | $5,599,246 | $5,101,017 |
Oklahoma State Chamber Of Commerce And Associated Industries Oklahoma City, OK | $3,080,131 | $4,188,271 |