New Mexico Oil & Gas Association
- Assets
- $6.8m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 9
- Location
- Santa Fe, NM
- Founding
- 03/1959
- Data as of
- 12/2023
- EIN
- 85-0056996
Organization Overview
New Mexico Oil & Gas Association is located in Santa Fe, NM. The organization was established in 1959. According to its NTEE Classification (J01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Employment and related organizations. As of 12/2023, New Mexico Oil & Gas Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Mexico Oil & Gas 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 12/2023, New Mexico Oil & Gas Association generated $3.6m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $2.7m during the year ending 12/2023. While expenses have increased by 4.1% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE SAFE AND RESPONSIBLE DEVELOPMENT OF OIL AND GAS RESOURCES IN NEW MEXICO THROUGH ADVOCACY, COLLABORATION, AND EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL INDUSTRY/AGENCY MEETING - NMOGA IS DEDICATED TO PROMOTING THE SAFE AND RESPONSIBLE DEVELOPMENT OF OIL AND GAS RESOURCES IN NEW MEXICO THROUGH ADVOCACY, COLLABORATION, AND EDUCATION. THE ANNUAL MEETING FOR 2023 WAS THEMED "ENERGIZING NEW MEXICO". WORKING WITH NATIONWIDE ASSOCIATIONS AND ALLIANCES IN THE OIL & GAS INDUSTRY PROVIDES A PLATFORM TO SPEAK ABOUT THE ON-GOING CHALLENGES. NMOGA ALSO HAS SEVERAL COMMITTEE MEETINGS TO LEARN ABOUT REGULATORY, ENVIRONMENTAL, LEGAL, GOVERNMENTAL ISSUES ONGOING.
EDUCATION EFFORTS - NMOGA PROMOTES A BETTER UNDERSTANDING OF THE IMPACTS, BENEFITS, AND CONTRIBUTIONS OF THE OIL AND GAS INDUSTRY TO THE PUBLIC AND STRENGTHENS RELATIONSHIPS AND CONNECTIONS WITH THE INDUSTRY'S ROLE IN PUBLIC SCHOOLS. SOME EXAMPLES ARE, BUT NOT LIMITED TO: (FUELING NM REPORT, BRIGHTER FUTURE FUND, AND BACK TO SCHOOL, NM TEACHER OF THE YEAR).
REGULATORY WORK - INDUSTRY'S POSITION IS TO MITIGATE CLIMATE CHANGE RISKS AND DEVELOP SOLUTIONS. THE INDUSTRY IS COMMITTED TO IMPROVING ENVIRONMENTAL PERFORMANCE BY DEPLOYING INNOVATIVE TECHNOLOGIES AND IMPLEMENTING BEST PRACTICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Missi Currier President And CEO (partial Year) | OfficerTrustee | 40 | $118,750 |
Joe Vigil Director Of Communications | Trustee | 40 | $169,650 |
Abenicio E Baldonado Director Of Community Engagement | Trustee | 40 | $100,440 |
Douglas R Ackerman President And CEO (partial Year) | OfficerTrustee | 40 | $191,000 |
Marcellus Davis Membership Engagement Coordinator | Trustee | 40 | $2,042 |
David Del Mauro Marketing Director | Trustee | 40 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,446,656 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $183,599 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,630,255 |
| Total Program Service Revenue | $831,945 |
| Investment income | $105,557 |
| 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 | $3,567,757 |
| 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. | $807,057 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $38,700 |
| Pension plan accruals and contributions | $62,150 |
| Other employee benefits | $63,011 |
| Payroll taxes | $59,926 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,857 |
| Fees for services: Accounting | $35,674 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,964 |
| Advertising and promotion | $762,302 |
| Office expenses | $32,651 |
| Information technology | $16,397 |
| Royalties | $0 |
| Occupancy | $57,752 |
| Travel | $114,818 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $387,538 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,782 |
| Insurance | $4,154 |
| All other expenses | $0 |
| Total functional expenses | $2,685,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $586,604 |
| Savings and temporary cash investments | $6,178,208 |
| 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 | $19,364 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $17,801 |
| Total assets | $6,801,977 |
| Accounts payable and accrued expenses | $126,611 |
| Grants payable | $0 |
| Deferred revenue | $2,210,701 |
| 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 | $19,931 |
| Total liabilities | $2,357,243 |
| Net assets without donor restrictions | $4,444,734 |
| 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 | $6,801,977 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Texas International Produce Association Inc Mission, TX | $2,343,268 | $5,014,233 |
New Mexico Oil & Gas Association Santa Fe, NM | $6,801,977 | $3,567,757 |
Texas Telephone Association Austin, TX | $386,791 | $884,862 |
Texas Propane Gas Association Austin, TX | $1,574,065 | $1,296,562 |
Association For Responsible Alternatives To Workers Compensati Austin, TX | $310,290 | $450,675 |
Cfa Society Of Houston Houston, TX | $709,984 | $269,663 |
Social Ecological Economic Development Corporation Duncan, OK | $3,435 | $0 |
New Mexico Press Association Inc Albuquerque, NM | $191,185 | $0 |
South Texas Geological Society San Antonio, TX | $174,406 | $0 |
Credit Union Womens Leadership Alliance Inc Fort Worth, TX | $248,614 | $0 |
Melonhead Foundation Inc Tempe, AZ | $0 | $12,099 |
Womens Ceo Global Alliance-A Behavioral Health Leadership Round Evergreen, CO | $0 | $0 |