New Mexico Oil & Gas Association
- Assets
- $3.7m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 7
- Location
- Santa Fe, NM
- Founding
- 03/1959
- Data as of
- 12/2021
- 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 12/2021, New Mexico Oil & Gas Association employed 7 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 12/2021, New Mexico Oil & Gas Association generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $4.7m during the year ending 12/2021. While expenses have increased by 14.0% per year over the past 7 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
2021
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 TO DISCUSS COMMON ISSUES; EDUCATION EFFORTS; REGULATORY WORK
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan Flynn Partial Year Outgoing Director | Officer | 40 | $278,333 |
Aimee Barabe Director Of Stockholder Relations | Trustee | 40 | $152,500 |
Robert Mcentyre Director Of Communications | Trustee | 40 | $141,520 |
Gloria Ruiz Director Of Community Engagement | Trustee | 40 | $120,007 |
Ken Waits Secretary | OfficerTrustee | 0 | $0 |
Derek Albro Vice Chairman | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,175,835 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $248,850 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,424,685 |
| Total Program Service Revenue | $2,842,449 |
| Investment income | $3 |
| 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 | $5,267,137 |
| 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. | $768,738 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $334,116 |
| Pension plan accruals and contributions | $51,239 |
| Other employee benefits | $49,643 |
| Payroll taxes | $71,764 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $802,867 |
| Fees for services: Accounting | $24,244 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,096 |
| Advertising and promotion | $1,937,412 |
| Office expenses | $28,701 |
| Information technology | $11,603 |
| Royalties | $0 |
| Occupancy | $48,988 |
| Travel | $46,166 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $385,043 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,889 |
| Insurance | $6,337 |
| All other expenses | $0 |
| Total functional expenses | $4,692,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $779,230 |
| Savings and temporary cash investments | $2,867,955 |
| 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 | $7,047 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,654,232 |
| Accounts payable and accrued expenses | $76,140 |
| Grants payable | $0 |
| Deferred revenue | $776,866 |
| 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 | $0 |
| Total liabilities | $853,006 |
| Net assets without donor restrictions | $2,801,226 |
| 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 | $3,654,232 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that New Mexico Oil & Gas Association has recieved totaling $310,000.
| Awarding Organization | Amount |
|---|---|
American Petroleum Institute Washington, DC PURPOSE: EDUCATION PROGRAM | $310,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Mexico Oil & Gas Association Santa Fe, NM | $3,654,232 | $5,267,137 |
Texas International Produce Association Inc Mission, TX | $1,605,651 | $2,337,033 |
Texas Telephone Association Austin, TX | $559,709 | $833,075 |
Texas Propane Gas Association Austin, TX | $1,362,831 | $947,289 |
Association For Responsible Alternatives To Workers Compensati Austin, TX | $368,493 | $434,500 |
Cfa Society Of Houston Houston, TX | $693,016 | $283,628 |
Social Ecological Economic Development Corporation Duncan, OK | $9,980 | $0 |
South Texas Geological Society San Antonio, TX | $158,045 | $0 |
New Mexico Press Association Inc Albuquerque, NM | $164,305 | $0 |
Melonhead Foundation Inc Tempe, AZ | $0 | $12,099 |
Womens Ceo Global Alliance-A Behavioral Health Leadership Round Evergreen, CO | $0 | $0 |