Western Petroleum Marketers Association
- Assets
- $8.3m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Murray, UT
- Founding
- 01/1956
- Data as of
- 06/2024
- EIN
- 87-0223789
Organization Overview
Western Petroleum Marketers Association is located in Murray, UT. The organization was established in 1956. 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. As of 06/2024, Western Petroleum Marketers Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Western Petroleum Marketers 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 06/2024, Western Petroleum Marketers Association generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $2.4m during the year ending 06/2024. While expenses have increased by 3.5% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF WPMA IS TO ASSIST MEMBERS IN INCREASING THEIR BUSINESS EFFECTIVENESS AND PROFITABILITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTED MEMBERS IN INCREASING THEIR BUSINESS EFFECTIVENESS AND PROFITABILITY BY: - PROVIDING RESOURCES FOR EDUCATION, TRAINING, AND AN EXCHANGE OF IDEAS INCLUDING HOSTING AN ANNUAL CONVENTION AND TRADE SHOW FOR MEMBERS; - ENCOURAGING A HIGH LEVEL OF BUSINESS ETHICS AND A POSITIVE IMAGE FOR THE INDUSTRY; - ENCOURAGING GOVERNMENTAL ACTION BENEFICIAL TO THE INDUSTRY THROUGH THE ACTIVE PARTICIPATION OF ITS MEMBERSHIP; - PROVIDING COST EFFECTIVE SERVICES FOR THE MEMBERSHIP. - ADVISING AND EDUCATING THE MEMBERSHIP TO ENABLE THEM TO RUN THEIR BUSINESSES EFFECTIVELY AND PROFITABLY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gene Inglesby CEO | OfficerTrustee | 50 | $245,781 |
Jeremy Bautista President | OfficerTrustee | 1 | $0 |
Matt Berry 1st VP | OfficerTrustee | 1 | $0 |
Annie Marszal 2nd Vp, Hi-E | OfficerTrustee | 1 | $0 |
Todd Shaw 3rd VP | OfficerTrustee | 1 | $0 |
Blain Boelter Sen Ema Dir | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,727,776 |
| Investment income | $219,826 |
| 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 | $2,947,602 |
| 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. | $293,459 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $315,093 |
| Pension plan accruals and contributions | $55,206 |
| Other employee benefits | $18,541 |
| Payroll taxes | $43,428 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $66,095 |
| Advertising and promotion | $3,693 |
| Office expenses | $133,571 |
| Information technology | $57,090 |
| Royalties | $0 |
| Occupancy | $85,868 |
| Travel | $275,906 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $997,090 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $22,636 |
| Insurance | $25,907 |
| All other expenses | $0 |
| Total functional expenses | $2,401,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,322,632 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $265,980 |
| 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 | $106,611 |
| Net Land, buildings, and equipment | $51,175 |
| Investments—publicly traded securities | $1,767,544 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,773,689 |
| Total assets | $8,287,631 |
| Accounts payable and accrued expenses | $498,473 |
| Grants payable | $0 |
| Deferred revenue | $514,150 |
| 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 | $5,010,916 |
| Total liabilities | $6,023,539 |
| Net assets without donor restrictions | $2,264,092 |
| 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 | $8,287,631 |