Louisiana Gas Association
- Assets
- $501.4k
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 04/1988
- Data as of
- 12/2021
- EIN
- 72-0942446
Organization Overview
Louisiana Gas Association is located in Baton Rouge, LA. The organization was established in 1988. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana 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 12/2021, Louisiana Gas Association generated $235.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.1%) each year. All expenses for the organization totaled $196.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (6.4%) 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
THE ASSOCIATION'S PURPOSE IS TO ENHANCE PERFORMANCE AND PROMOTE SAFETY IN THE DELIVERY OF NATURAL GAS AND TO BROADEN PUBLIC AWARENESS OF THE NATURAL GAS INDUSTRY'S CONTRIBUTIONS TO SOCIETY IN GENERAL AND THE POSITIVE EFFECTS OF NATURAL GAS USE ON THE ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ASSOCIATION SPONSORS AND PRESENTS A NUMBER EDUCATIONAL SEMINARS AND CONFERENCES FOR ITS MEMBERS ON A VARIETY OF SUBJECTS OF IMPORTANCE TO THE NATURAL GAS INDUSTRY
THE ASSOCIATION'S ANNUAL CONFERENCE OFFERS ITS MEMBERS THE OPPORTUNITY TO NETWORK AND OBTAIN CONTINUING EDUCATION ON A VARIETY OF SUBJECTS THAT WILL ENHANCE THE PERFORMANCE AND PROMOTE SAFETY IN THE DELIVERY OF NATURAL GAS AND TO HELP MEMBERS BROADEN PUBLIC AWARENESS OF THE BENEFITS OF LOUISIANA NATURAL GAS.
THE ASSOCIATION OFFERS TUITION ASSISTANCE SCHOLARSHIPS TO STUDENTS ENROLLED AS JUNIORS AND SENIORS IN A FOUR YEAR ACCREDITED COLLEGE OR UNIVERSITY, WHO ARE CHILDREN OR LEGAL WARDS OF AN EMPLOYEE OF AN ACTIVE MEMBER ORGINIZATION.
THE ASSOCIATION PUBLISHES AN INTERNET NEWSLETTER FOR ITS MEMBERS AND CONDUCTS OTHER PROGRAMS OF INTEREST TO MEMBERS AND PROVIDES INDUSTRY RELATED INFORMATION ON NATURAL GAS PRODUCTS AND SAFETY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nathan Gray Secretary 2n | OfficerTrustee | 2 | $0 |
Ken Drone Treasurer | OfficerTrustee | 2 | $0 |
Sue Guidry President | OfficerTrustee | 2 | $0 |
David Raymond Immediate Pa | OfficerTrustee | 2 | $0 |
Thomas Smith Past Preside | OfficerTrustee | 2 | $0 |
Larry Williams 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $57,383 |
| 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 | $57,383 |
| Total Program Service Revenue | $142,755 |
| Investment income | $5,057 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $30,519 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $235,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $8,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| 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 | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $63,180 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $877 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $12,000 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,100 |
| Office expenses | $70 |
| Information technology | $3,620 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $77,207 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $403 |
| Insurance | $2,370 |
| All other expenses | $217 |
| Total functional expenses | $196,477 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $129,218 |
| Savings and temporary cash investments | $371,203 |
| 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 | $985 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $501,406 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $501,406 |
| 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 | $501,406 |
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