Oklahoma Petroleum Marketers & Convenience Stores Association Inc
- Assets
- $1.2m
- Revenue
- $312.7k
- Investments
- $216.3k
- Employees
- 1
- Location
- Oklahoma City, OK
- Founding
- 04/1979
- Data as of
- 06/2023
- EIN
- 73-0709109
Organization Overview
Oklahoma Petroleum Marketers & Convenience Stores Association Inc is located in Oklahoma City, OK. The organization was established in 1979. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Oklahoma Petroleum Marketers & Convenience Stores 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 06/2023, Oklahoma Petroleum Marketers & Convenience Stores Association Inc generated $312.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.6%) each year. All expenses for the organization totaled $354.8k during the year ending 06/2023. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS AN ASSOCIATION OF PETROLEUM MARKETERS AND CONVENIENCE STORES FORMED TO ENCOURAGE AND DEVELOP CLOSER RELATIONS AMONG ITS MEMBERS. ALSO, THE ORGANIZATION TRIES TO PROTECT AND ADVANCE THE INTERESTS OF MEMBERS THROUGH DISCUSSION OF COMMON PROBLEMS AND METHODS FOR IMPROVEMENT IN PUBLIC RELATIONS AND INDUSTRY RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPMCA ADVANCES INTERESTS OF MEMBER BY IMPROVING INDUSTRY AND PUBLIC RELATIONS. OPMCA MAINTAINS A STRONG ONE-ON-ONE CONTACT WITH GOVERNMENT LEGISTLATORS AT THE FEDERAL, STATE AND LOCAL LEVELS, ALLOWING THE ASSOCIATIONS TO KEEP THE MEMBERS INFORMED OF THE CONSTANTLY CHANGING LEGISLATION AND REGULATIONS REGARDING THE PETROLEUM MARKETING INDUSTRY. MEMBERSHIP VARIES, APPROXIMATELY 300 MEMBERS. OPMCA MEMBERSHIP IS COMPRISED OF REFINERS, SUPPLIERS, WHOLESALERS, CONVENIENCE STORE OPERATORS AND ASSOCIATES WHO SUPPLY PRODUCTS AND SERVICES TO THE PETROLEUM INDUSTRY. MEMBERS OWN AND/OR SUPPLY BRANDED AND UNBRANDED PETROLEUM PRODUCTS TO RETAIL OUTLETS THROUGHOUT THE STATE OF OKLAHOMA AND THE SOUTHWEST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Williams Chairman | Trustee | 0.5 | $0 |
Jerry Davidson Board Member | Trustee | 0.5 | $0 |
Troy Earnhart Board Member | Trustee | 0.5 | $0 |
Teresa Hollenbeck Board Member | Trustee | 0.5 | $0 |
Kurtis Hutchinson Board Member | Trustee | 0.5 | $0 |
Scott Minton Board Member | Trustee | 0.5 | $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 | $261,009 |
| Investment income | $9,282 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $40,750 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$528 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $312,740 |
| 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. | $85,790 |
| Compensation of current officers, directors, key employees. | $85,790 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,959 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,683 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,075 |
| Fees for services: Lobbying | $77,667 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $8,188 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,296 |
| Travel | $2,871 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,814 |
| Insurance | $9,991 |
| All other expenses | $7,452 |
| Total functional expenses | $354,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $151,773 |
| Savings and temporary cash investments | $588,475 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,691 |
| 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 | $5,899 |
| Net Land, buildings, and equipment | $200,808 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $216,328 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $8,959 |
| Total assets | $1,205,933 |
| Accounts payable and accrued expenses | $5,918 |
| Grants payable | $0 |
| Deferred revenue | $78,030 |
| 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 | $36,603 |
| Total liabilities | $120,551 |
| Net assets without donor restrictions | $1,085,382 |
| 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 | $1,205,933 |