Texas Independent Producers & Royalty Owners Association

Organization Overview

Texas Independent Producers & Royalty Owners Association is located in Austin, TX. The organization was established in 1947. According to its NTEE Classification (L50) the organization is classified as: Homeowners & Tenants Associations, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Texas Independent Producers & Royalty Owners Association employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas Independent Producers & Royalty Owners 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 06/2024, Texas Independent Producers & Royalty Owners Association generated $1.8m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $1.8m during the year ending 06/2024. While expenses have increased by 10.6% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2024

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTE THE INTERESTS AND WELFARE OF INDEPENDENT OIL AND GAS OPERATORS, WORKING INTEREST OWNERS, ROYALTY OWNERS, AND THOSE BUSINESSES WHO PROVIDE SERVICES FOR THE ENERGY INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ANNUAL CONVENTION PROVIDES INFORMATION TO ATTENDEES ON ISSUES RELEVANT TO THE OIL AND GAS INDUSTRY


MEMBERSHIP AND POLICY MEETINGS HELP KEEP MEMBERS INFORMED OF WHAT IS HAPPENING IN THE OIL & GAS INDUSTRY


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Board, Officers & Key Employees

Name (title)Compensation
Jud Walker
Chairman
$0
Patricia Boswell Mccall
Secretary
$0
John Swords
Treasurer
$0
Brent Hopkins
Immediate Past Chairman
$0
Eugene Garcia
Past Chairman
$0
Allen Gilmer
Past Chairman
$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$1,809,170
Investment income $3,204
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $19,950
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $1,832,324

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