California Independent Petroleum
- Assets
- $2.1m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Sacramento, CA
- Founding
- 11/1976
- Data as of
- 07/2021
- EIN
- 95-3048726
Organization Overview
California Independent Petroleum is located in Sacramento, CA. The organization was established in 1976. 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 07/2021, California Independent Petroleum employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Independent Petroleum 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 07/2021, California Independent Petroleum generated $3.6m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $2.8m during the year ending 07/2021. While expenses have increased by 1.3% per year over the past 6 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 INDEPENDENT PETROLEUM PRODUCERS INDUSTRY IN CALIFORNIA AND THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED OPPORTUNITIES FOR HUNDREDS OF INDUSTRY MEMBERS TO PROMOTE THEIR INDUSTRY IN A PROFESSIONAL AND EFFECTIVE MANNER.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rock Zierman CEO | Officer | 40 | $294,225 |
Peter W Rivera Dir Reg Affairs | 40 | $186,000 | |
Sean M Wallentine VP Gov't Affairs | 40 | $170,400 | |
Sabrina D Lockhart VP Communications | 40 | $152,000 | |
Prindelle Thomas VP External Affair | 40 | $144,660 | |
Randall Breitenbach Cd VP | OfficerTrustee | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kesterpahos Lobbying | 7/30/21 | $165,250 |
Manatt Phelps & Phillips Llp Legal | 7/30/21 | $153,107 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $285,134 |
| 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 | $285,134 |
| Total Program Service Revenue | $3,308,644 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $27,000 |
| Net Rental Income | -$26,286 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $6,849 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,604,741 |
| 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. | $357,609 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $703,713 |
| Pension plan accruals and contributions | $37,479 |
| Other employee benefits | $114,119 |
| Payroll taxes | $65,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $372,121 |
| Fees for services: Accounting | $20,162 |
| Fees for services: Lobbying | $121,934 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $25,392 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $45,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $133,091 |
| Interest | $20,925 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,338 |
| Insurance | $11,661 |
| All other expenses | $38,741 |
| Total functional expenses | $2,819,266 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $396,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $183,541 |
| 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 | $800 |
| Net Land, buildings, and equipment | $1,481,676 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,062,844 |
| Accounts payable and accrued expenses | $364,264 |
| Grants payable | $0 |
| Deferred revenue | $130,948 |
| 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 | $736,274 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,231,486 |
| Net assets without donor restrictions | $831,358 |
| 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 | $2,062,844 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chinatown Service Center Los Angeles, CA | $26,778,687 | $27,867,616 |
Sag-Aftra & Industry Sound Recordings Distribution Fund Valley Village, CA | $48,142,351 | $13,604,136 |
Electric & Gas Industries Association Sacramento, CA | $14,735,713 | $15,175,016 |
American Pistachio Growers Fresno, CA | $11,494,323 | $15,365,842 |
National Council For Prescription Drug Programs Inc Scottsdale, AZ | $21,339,680 | $12,526,720 |
Travel Portland Portland, OR | $18,865,244 | $9,767,566 |
California Society Of Certified Public Accountants Burlingame, CA | $29,880,424 | $13,544,885 |
Scottsdale Convention And Vistors Bureau Inc Scottsdale, AZ | $8,006,659 | $12,242,411 |
Sustainable Apparel Coalition Inc Oakland, CA | $12,069,125 | $10,210,019 |
Portland Business Alliance Portland, OR | $2,909,182 | $8,830,293 |
California Certified Public Accountants Foundation Burlingame, CA | $12,236,942 | $9,436,468 |
California Life Sciences Association San Diego, CA | $8,698,147 | $9,649,305 |