Dallas Petroleum Club

Organization Overview

Dallas Petroleum Club is located in Dallas, TX. The organization was established in 1936. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. As of 10/2020, Dallas Petroleum Club employed 84 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Dallas Petroleum Club is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.

For the year ending 10/2020, Dallas Petroleum Club generated $6.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (3.2%) each year. All expenses for the organization totaled $7.2m during the year ending 10/2020. As we would expect to see with falling revenues, expenses have declined by (0.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

SOCIAL CLUB

Describe the Organization's Program Activity:

Part 3 - Line 4a

PRIVATE CLUB: PRIMARILY PROVIDING FOOD AND BEVERAGE SERVICE TO MEMBERS FOR BUSINESS AND SOCIAL PURPOSES.


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Financial Statements

Statement of Revenue
Total Revenue from Contributions, Gifts, Grants & Similar$0
Investment income $61,436
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
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 $948,195
Miscellaneous Revenue$0
Total Revenue $6,134,462

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