Southeast Propane Alliance Inc
- Assets
- $1.5m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 9
- Location
- Raleigh, NC
- Founding
- Data as of
- 12/2022
- EIN
- 87-1014306
Organization Overview
Southeast Propane Alliance Inc is located in Raleigh, NC. 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 12/2022, Southeast Propane Alliance Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southeast Propane Alliance Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE, PROTECT AND ENCOURAGE THE GROWTH OF THE LP-GAS INDUSTRY IN THE SOUTHEAST.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ENCOURAGE, PROMOTE, AND DEVELOP THE PROPANE GAS INDUSTRY THROUGH EDUCATIONAL SEMINARS, AN ANNUAL CONVENTION, AND RELATED ACTIVITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Prewitt Chairman | OfficerTrustee | 1 | $0 |
Tyler Misel Vice Chairman | OfficerTrustee | 1 | $0 |
Angi Harris Secretary | OfficerTrustee | 1 | $0 |
Richard O'sheal Treasurer | OfficerTrustee | 1 | $0 |
Tiffany Benjamin Board Of Directors | Trustee | 1 | $0 |
Anthony Clifton Board Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $364,788 |
| Fundraising events | $0 |
| Related organizations | $1,846,908 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $1,521,586 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,211,696 |
| Total Program Service Revenue | $792,309 |
| Investment income | $13,509 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $10,572 |
| Net Rental Income | -$12,481 |
| Net Gain/Loss on Asset Sales | -$4,164 |
| Net Income from Fundraising Events | $6,941 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$755 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,156,390 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $9,700 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $188,061 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $608,335 |
| Pension plan accruals and contributions | $3,775 |
| Other employee benefits | $59,470 |
| Payroll taxes | $48,262 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $25,209 |
| Fees for services: Accounting | $27,192 |
| Fees for services: Lobbying | $86,760 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,692 |
| Fees for services: Other | $6,340 |
| Advertising and promotion | $17,480 |
| Office expenses | $71,804 |
| Information technology | $37,784 |
| Royalties | $0 |
| Occupancy | $25,181 |
| Travel | $39,378 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $218,806 |
| Interest | $5,233 |
| Payments to affiliates | $38,811 |
| Depreciation, depletion, and amortization | $29,745 |
| Insurance | $13,309 |
| All other expenses | $11,375 |
| Total functional expenses | $1,608,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $190,010 |
| Savings and temporary cash investments | $4,313 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,045 |
| 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 | $4,262 |
| Net Land, buildings, and equipment | $870,403 |
| Investments—publicly traded securities | $234,678 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,809 |
| Total assets | $1,482,520 |
| Accounts payable and accrued expenses | $39,539 |
| Grants payable | $0 |
| Deferred revenue | $34,715 |
| 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 | $148,723 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,000 |
| Total liabilities | $225,977 |
| Net assets without donor restrictions | $1,372,002 |
| Net assets with donor restrictions | -$115,459 |
| 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 | $1,482,520 |