Alaska Oil And Gas Association
- Assets
- $1.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 6
- Location
- Anchorage, AK
- Founding
- 10/1989
- Data as of
- 12/2022
- EIN
- 92-0126917
Organization Overview
Alaska Oil And Gas Association is located in Anchorage, AK. The organization was established in 1989. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Alaska Oil And Gas Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Alaska Oil And 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 12/2022, Alaska Oil And Gas Association generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 8 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
REGULATORY AND GOVERNMENT AFFAIRS EFFORTS: MONITOR AND PROVIDE INPUT ON REGULATORY AND LEGISLATIVE INITIATIVES AFFECTING OIL AND GAS OPERATIONS; PROMOTE EFFORTS TO STREAMLINE PERMITTING REQUIREMENTS; FOSTER COMMUNICATION BETWEEN INDUSTRY, THE PUBLIC AND GOVERNMENT OFFICIALS IN ALASKA INDUSTRY.
EDUCATIONAL/OUTREACH EFFORTS: EDUCATE CURRENT AND FUTURE PUBLIC POLICY LEADERS AND THE GENERAL PUBLIC ABOUT THE OIL AND GAS INDUSTRY IN ALASKA AND THE ROLE IT PLAYS IN THE STATE'S ECONOMY; REINFORCE AND REBUILD THE INDUSTRY'S BASE OF SUPPORT IN ALASKA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kara Moriarty Ceo/president/secretary | OfficerTrustee | 40 | $350,989 |
Rachel Bylsma External Affairs Manager | 40 | $106,689 | |
Benjy Johnson Chair | OfficerTrustee | 2 | $0 |
Betsy Haines 1st Vice Chair | OfficerTrustee | 2 | $0 |
Erec Isaacson 2nd Vice Chair | OfficerTrustee | 2 | $0 |
David Hart 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pacwest Communications Employee Outreach | 12/30/18 | $107,299 |
Stoel Rives Llp Legal Counsel | 12/30/18 | $136,013 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,493,107 |
| 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 | $1,493,107 |
| Total Program Service Revenue | $699,824 |
| Investment income | $2,187 |
| 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 | $2,195,118 |
| 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. | $381,514 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $289,253 |
| Pension plan accruals and contributions | $125,771 |
| Other employee benefits | $56,915 |
| Payroll taxes | $40,575 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $29,803 |
| Fees for services: Accounting | $32,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,961 |
| Advertising and promotion | $0 |
| Office expenses | $27,166 |
| Information technology | $5,402 |
| Royalties | $0 |
| Occupancy | $83,562 |
| Travel | $54,107 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $198,837 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,256 |
| All other expenses | $5,494 |
| Total functional expenses | $2,025,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,177 |
| Savings and temporary cash investments | $615,371 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $726,299 |
| 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 | $3,314 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,369,161 |
| Accounts payable and accrued expenses | $36,130 |
| 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 | $0 |
| Total liabilities | $36,130 |
| Net assets without donor restrictions | $1,333,031 |
| 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 | $1,369,161 |