The Southwest Kansas Royalty Owners Association Inc
- Assets
- $87.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hugoton, KS
- Founding
- 08/1986
- Data as of
- 02/2024
- EIN
- 48-1000903
Organization Overview
The Southwest Kansas Royalty Owners Association Inc is located in Hugoton, KS. The organization was established in 1986. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Kansas Royalty Owners Association 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 02/2024, Southwest Kansas Royalty Owners Association Inc generated $82.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (4.3%) each year. All expenses for the organization totaled $59.5k during the year ending 02/2024. As we would expect to see with falling revenues, expenses have declined by (8.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bill Light Director | 1 | $0 | |
Bob Beymer Director | 1 | $0 | |
Braden Barnhardt Director | 1 | $0 | |
Caverly Hart Director | 1 | $0 | |
Darrel L Ruth Director | 1 | $0 | |
Dave Eckert Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,225 |
| Total Program Service Revenue | $0 |
| Membership dues | $78,315 |
| Investment income | $1,277 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $82,817 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $27,285 |
| Professional fees and other payments to independent contractors | $2,650 |
| Occupancy, rent, utilities, and maintenance | $5,200 |
| Printing, publications, postage, and shipping | $649 |
| Other expenses | $23,750 |
| Total expenses | $59,534 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $87,203 |
| Other assets | $0 |
| Total assets | $87,203 |
| Total liabilities | $0 |
| Net assets or fund balances | $87,203 |