Panhandle Producers & Royalty Owners Assoc
- Assets
- $381.4k
- Revenue
- $224.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Amarillo, TX
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 75-1218554
Organization Overview
Panhandle Producers & Royalty Owners Assoc is located in Amarillo, TX. The organization was established in 0000. 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 12/2021, Panhandle Producers & Royalty Owners Assoc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Panhandle Producers & Royalty Owners Assoc 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, Panhandle Producers & Royalty Owners Assoc generated $224.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $173.0k during the year ending 12/2021. 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
PPROA'S MISSION IS TO PROVIDE THE COMMUNITY WITH CURRENT INFORMATION RELATED TO THE PETROLEUM INDUSTRY AND ITS AFFECTS ON THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PPROA HOSTS AN ANNUAL TWO DAY CONVENTION WITH EDUCATIONAL WORKSHOPS FOR MEMBERS CONCERNING ISSUES AFFECTING THE OIL AND GAS INDUSTRY.
OTHER EXPENSES INCURRED TO PROMOTE THE ORGANIZATION'S EXEMPT PURPOSES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Beyea Chairman | Officer | 5 | $0 |
Rj Cree 1st Chairman | Officer | 1 | $0 |
Dana Newsome Past Chairma | Officer | 1 | $0 |
Ed Nichols Treasurer | Officer | 1 | $0 |
Tyler Rufenacht Secretary | Officer | 1 | $0 |
Cooper Sanders 2nd Chairman | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $68,330 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $22,079 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,550 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $96,959 |
| Total Program Service Revenue | $21,850 |
| Investment income | $2,924 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $102,772 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $224,505 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $105,983 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $8,247 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,697 |
| Advertising and promotion | $0 |
| Office expenses | $5,671 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $12,197 |
| Travel | $5,554 |
| 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 | $0 |
| Insurance | $6,530 |
| All other expenses | $0 |
| Total functional expenses | $173,023 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $213,013 |
| Savings and temporary cash investments | $168,370 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $381,383 |
| 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 | $4,596 |
| Total liabilities | $4,596 |
| Net assets without donor restrictions | $0 |
| 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 | $376,787 |
| Total liabilities and net assets/fund balances | $381,383 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bella Vista Village Property Owners Association Bella Vista, AR | $65,598,574 | $31,138,285 |
Sienna Plantation Residential Association Inc Missouri City, TX | $10,383,877 | $12,546,129 |
Riverstone Homeowners Association Sugar Land, TX | $13,624,654 | $10,362,620 |
Woodforest Owners Association Inc Houston, TX | $5,341,273 | $9,874,039 |
Cinco Residential Property Assn Inc Katy, TX | $14,599,829 | $10,954,529 |
Stonebridge Ranch Community Association Inc Dallas, TX | $11,315,034 | $8,717,166 |
Towne Lake Community Association Inc Cypress, TX | $4,256,681 | $7,685,021 |
Walden On Lake Conroe Community Improvement Asso Montgomery, TX | $5,919,000 | $7,405,584 |
Aliana Homeowners Association Inc Pipe Creek, TX | $4,933,191 | $6,737,042 |
Steiner Ranch Master Association Inc Austin, TX | $3,672,449 | $4,302,724 |
Canyon Falls Master Community Inc Dallas, TX | $5,159,893 | $4,744,849 |
Castle Hills Master Association Inc Lewisville, TX | $4,067,423 | $4,896,405 |