Alaska Oil And Gas Association
- Assets
- $1.4m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 7
- Location
- Anchorage, AK
- Founding
- 10/1989
- Data as of
- 12/2021
- 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 12/2021, Alaska Oil And Gas Association employed 7 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 12/2021, Alaska Oil And Gas Association generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.1%) each year. All expenses for the organization totaled $2.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.9%) per year over the past 7 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
2021
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 | $305,796 |
Darlene Gates 1st Vice Chair | OfficerTrustee | 2 | $0 |
Benjy Johnson Chair | OfficerTrustee | 2 | $0 |
Erec Issacson 2nd Vice Chair | OfficerTrustee | 2 | $0 |
David Hart 2nd Vice Chair | OfficerTrustee | 2 | $0 |
Doug Chapados Treasurer | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Stoel Rives Llp Legal Counsel | 12/30/18 | $136,013 |
Pacwest Communications Employee Outreach | 12/30/18 | $107,299 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,218,436 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $30,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,248,436 |
| Total Program Service Revenue | $986,333 |
| Investment income | $1,877 |
| 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 | $2,236,646 |
| 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. | $330,246 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $325,437 |
| Pension plan accruals and contributions | $194,793 |
| Other employee benefits | $49,381 |
| Payroll taxes | $42,548 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,330 |
| Fees for services: Accounting | $50,420 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,243 |
| Advertising and promotion | $0 |
| Office expenses | $30,689 |
| Information technology | $5,411 |
| Royalties | $0 |
| Occupancy | $78,262 |
| Travel | $41,545 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,987 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,990 |
| All other expenses | $10,510 |
| Total functional expenses | $1,957,590 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$6,336 |
| Savings and temporary cash investments | $1,075,797 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $375,102 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,444,563 |
| Accounts payable and accrued expenses | $174,943 |
| Grants payable | $0 |
| Deferred revenue | $106,304 |
| 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 | $281,247 |
| Net assets without donor restrictions | $1,163,316 |
| 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 | $1,444,563 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Anchorage Convention & Visitors Bureau Anchorage, AK | $11,264,868 | $23,092,193 |
Seattle-King County Convention And Visitors Bureau Seattle, WA | $9,612,015 | $12,509,131 |
Western United States Agricultural Trade Association Vancouver, WA | $8,949,340 | $8,386,044 |
Fairbanks Convention And Visitors Bureau Fairbanks, AK | $2,458,123 | $5,662,617 |
Washington Association Of Realtors Olympia, WA | $17,163,792 | $6,357,823 |
Pacific Lumber Inspection Bureau Federal Way, WA | $3,862,387 | $4,417,361 |
Tri-Cities Visitor & Convention Bureau Kennewick, WA | $3,619,128 | $3,350,162 |
Alaska Oil And Gas Association Anchorage, AK | $1,444,563 | $2,236,646 |
Washington Roundtable Seattle, WA | $694,063 | $1,580,926 |
National Center For Apec Seattle, WA | $3,822,560 | $1,598,097 |
Local Development Council Of Tacoma Tacoma, WA | $499,995 | $1,252,672 |
Ypo Inc Kirkland, WA | $618,636 | $929,066 |