Us Lng Association
- Assets
- $191.1k
- Revenue
- $949.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Lewes, DE
- Founding
- Data as of
- 12/2023
- EIN
- 84-2940648
Organization Overview
Us Lng Association, operating under the name Lng Allies, is located in Lewes, DE. 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. Lng Allies 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 12/2023, Lng Allies generated $949.5k in total revenue. All expenses for the organization totaled $964.3k during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTE THE COMMON INTERESTS OF OUR MEMBERS AND THE US NATURAL GAS INDUSTRY AS A WHOLE; ENCOURAGE FREE TRADE IN LIQUEFIED NATURAL GAS BETWEEN THE UNITED STATES AND ITS ALLIES; AND PUBLICIZE HOW US LNG EXPORTS CREATE JOBS AND ECONOMIC GROWTH, ENHANCE THE ENERGY SECURITY OF AMERICA'S ALLIES, AND IMPROVE HUMAN AND ENVIRONMENTAL CONDITIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE US LNG ASSOCIATION CONDUCTED ENERGY AND ECONOMIC RESEARCH; PREPARED AND DISSEMINATED INFORMATIONAL MATERIALS; ORGANIZED EDUCATIONAL EVENTS; AND INFORMED STAKEHOLDERS AND DECISION-MAKERS ABOUT THE BENEFITS OF U.S. NATURAL GAS, LNG EXPORTS, AND THE STATE OF THE U.S. LNG EXPORT INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Renwick Deville Director | Trustee | 1 | $0 |
Usha Turner Director | Trustee | 1 | $0 |
Paul Varello Director | Trustee | 1 | $0 |
Fred H Hutchison President & | Officer | 45 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franklin-hamilton Inc Management, Adv | 12/30/23 | $365,000 |
Berkeley Research Group Llc Contractor | 12/30/23 | $250,988 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $849,500 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $949,500 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,500 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $365,000 |
| Fees for services: Legal | $4,128 |
| Fees for services: Accounting | $1,080 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $377,183 |
| Advertising and promotion | $0 |
| Office expenses | $9,238 |
| Information technology | $24,788 |
| Royalties | $0 |
| Occupancy | $45,543 |
| Travel | $36,059 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $62,312 |
| Interest | $6,318 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,481 |
| Insurance | $1,300 |
| All other expenses | $0 |
| Total functional expenses | $964,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $155,329 |
| Savings and temporary cash investments | $0 |
| 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 | $35,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $191,070 |
| 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 | $43,769 |
| Total liabilities | $43,769 |
| Net assets without donor restrictions | $147,301 |
| 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 | $191,070 |