National Association Of Royalty
- Assets
- $402.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- San Angelo, TX
- Founding
- 10/2006
- Data as of
- 12/2021
- EIN
- 75-2130048
Organization Overview
National Association Of Royalty is located in San Angelo, TX. The organization was established in 2006. 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. National Association Of Royalty 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, National Association Of Royalty generated $179.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $122.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
USE RESOURCES SUCH AS NOTIFICATIONS AND ANNUAL CONVENTIONS TO CONDUCT AWARENESS UPDATES AND EDUCATION FOR ROYALTY OWNERS AND THE PUBLIC. TOPICS INCLUDE OIL AND GAS PRODUCTION ISSUES, FRACTIONALIZATION OF OWNERSHIP INTERESTS, ESTATE PLANNING, AND LEGISLATIVE ISSUES AND OTHER TECHNICAL SUBJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Brewer Treasurer | 10 | $0 | |
Cathy Owens-Akin Director | 5 | $0 | |
Paula Kothmann Secretary | 10 | $0 | |
Steven H Lord Jr 1st V President | 10 | $0 | |
Warren Wallace Director | 5 | $0 | |
Bryan Frazier Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $84,742 |
| Total Program Service Revenue | $90,687 |
| Membership dues | $0 |
| Investment income | $146 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $4,333 |
| Total Revenue | $179,908 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $425 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $122,291 |
| Total expenses | $122,716 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $402,425 |
| Other assets | $0 |
| Total assets | $402,425 |
| Total liabilities | $0 |
| Net assets or fund balances | $402,425 |
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