North Carolina Propane Gas Assn is located in Raleigh, NC. The organization was established in 1958. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, North Carolina Propane Gas Assn employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Propane 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, North Carolina Propane Gas Assn generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT AND ENCOURAGE THE GROWTH OF THE LP-GAS INDUSTRY IN THE STATE OF NC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, PROMOTE, AND DEVELOP THE PROPANE GAS INDUSTRY THROUGH EDUCATIONAL SEMINARS, AN ANNUAL CONVENTION, AND RELATED ACTIVITIES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Jessup President/ceo | Officer | 50 | $168,425 |
Angi Harris Chairman Elect | OfficerTrustee | 1 | $0 |
Brian Yow Vice Chairman | OfficerTrustee | 1 | $0 |
Jay Little Secretary | OfficerTrustee | 1 | $0 |
Donald Godfrey Treasurer | OfficerTrustee | 1 | $0 |
Joe Phillips Past Chairman | OfficerTrustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $880,409 |
Government grants | $59,100 |
All other contributions, gifts, grants, and similar amounts not included above | $90,496 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,030,005 |
Total Program Service Revenue | $556,756 |
Investment income | $9,101 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $12,019 |
Net Rental Income | $7,517 |
Net Gain/Loss on Asset Sales | $8,550 |
Net Income from Fundraising Events | $98 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $1,572 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,640,023 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $69,080 |
Grants and other assistance to domestic individuals. | $7,000 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $189,330 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $200,688 |
Pension plan accruals and contributions | $5,766 |
Other employee benefits | $30,446 |
Payroll taxes | $32,616 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $23,099 |
Fees for services: Lobbying | $68,881 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $2,477 |
Fees for services: Other | $16,972 |
Advertising and promotion | $48,834 |
Office expenses | $136,506 |
Information technology | $12,135 |
Royalties | $0 |
Occupancy | $94,452 |
Travel | $36,971 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $48,041 |
Interest | $32,773 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $134,857 |
Insurance | $10,417 |
All other expenses | $28,285 |
Total functional expenses | $1,467,010 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $61,466 |
Savings and temporary cash investments | $12,670 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,286 |
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 | $2,954 |
Net Land, buildings, and equipment | $2,210,619 |
Investments—publicly traded securities | $166,634 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $19,786 |
Total assets | $2,483,415 |
Accounts payable and accrued expenses | $46,416 |
Grants payable | $0 |
Deferred revenue | $1,775 |
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 | $867,826 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $916,017 |
Net assets without donor restrictions | $1,103,285 |
Net assets with donor restrictions | $464,113 |
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 | $2,483,415 |
Over the last fiscal year, North Carolina Propane Gas Assn has awarded $28,484 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
RAPID X CHANGE PURPOSE: TO REIMBURSE 80% OF COST TO CONVERT VEHICLES FROM GASOLINE TO CLEAN PROPANE | $14,872 |
STEVENS SAUSAGE CO PURPOSE: TO REIMBURSE 80% OF COST TO CONVERT VEHICLES FROM GASOLINE TO CLEAN PROPANE | $13,612 |
Over the last fiscal year, we have identified 1 grants that North Carolina Propane Gas Assn has recieved totaling $880,409.
Awarding Organization | Amount |
---|---|
Nc Propane Education & Research Foundation Raleigh, NC PURPOSE: SAFETY EDUCATION & TRAINING FACILITY | $880,409 |
Organization Name | Assets | Revenue |
---|---|---|
Tennessee Section Pga Of Amercia Franklin, TN | $3,470,335 | $2,062,038 |
North Carolina Propane Gas Assn Raleigh, NC | $2,483,415 | $1,640,023 |
North Carolina Egg Assn Inc Fuquayvarina, NC | $413,759 | $472,089 |
Advocates For Minor Leaguers Inc Charlottesville, VA | $54,007 | $283,660 |
Carolina League Inc Winston Salem, NC | $0 | $0 |
North Carolina Coal Institute Inc Folly Beach, SC | $219,948 | $106,309 |
Finance Association Of Tennessee Nashville, TN | $50,551 | $0 |
Travelers United Inc Arlington, VA | $6,577 | $65,423 |
Golf Usa Tee Time Coalition Daniel Island, SC | $0 | $0 |
14a Flying Club Inc Mooresville, NC | $0 | $33,436 |
American Dairy Assn Of Sc Atlanta, GA | $14,830 | $46,437 |
A10tion Foundation Inc Fort Valley, GA | $330 | $0 |