Virginia Propane Gas Association
- Assets
- $223.7k
- Revenue
- $307.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 02/1974
- Data as of
- 12/2023
- EIN
- 23-7338255
Organization Overview
Virginia Propane Gas Association is located in Richmond, VA. The organization was established in 1974. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Propane 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 12/2023, Virginia Propane Gas Association generated $307.4k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $317.4k during the year ending 12/2023. While expenses have increased by 4.2% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND DEVELOP THE PROPANE GAS INDUSTRY WITHIN THE COMMONWEALTH OF VIRGINIA AND TO COORDINATE ITS ACTIVITIES TO THE END THAT IT MAY SERVE TO THE FULLEST POSSIBLE EXTENT THE BEST INTERESTS OF ITS MEMBERS AND THE PUBLIC.TO ADVANCE TO THE HIGHEST EFFICIENCY THE METHODS OF MANUFACTURING, DISTRIBUTION, UTLIZATION, SALES AND ACCOUNTING EMPLOYED WITH THE PROPANE GAS INDUSTRY AND TO COLLECT, COORDINATE AND DISSEMINATE IDEAS AND INFORMTION FOR THIS PURPOSE. TO REPRESENT GOVERNMENTAL BUREAUS, AGENCIES, AND OTHER BODIES, MATTERS OF SAFETY AND INTEREST TO THE PUBLIC, MEMBERS AND THE PROPANE INDUSTRY. TO COOPERATE WITH THE NATIONAL PROPANE GAS ASSOCIATION AND TO EXTEND ITS FUNCTIONS AND PURPOSE TO THE LOCAL AND STATE LEVEL AND TO COOPERATE WITH OTHER ASSOCIATIONS AND STATE AND FEDERAL ORGANIZATIONS IN EFFORTS TOWARD ACCIDENT PREVENTION, CONSERVATION, STANDARDIZATION AND OTHER ACTIVITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE SAFETY AND EDUCATION IN THE SAFE HANDLING AND UTILIZATION OF PROPANE AND PROPANE DRIVEN EQUIPMENT AND TO EDUCATE MEMBERS IN THE ADVANCE OF METHODS OF MANUFACTURING, DISTRIBUTION, UTILIZATION AND OTHER PERTINENT MARKET INFORMATION.
THE PROMOTION AND MARKET DEVELOPMENT OF THE PROPANE GAS INDUSTRY.
TO PROVIDE NETWORKING AND EDUCATIONAL GROWTH AND PROMOTION OF ASSOCIATION MEMBERSHIP
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Meghan Kulinski Past Preside | OfficerTrustee | 1.4 | $0 |
Tony Hogue President | OfficerTrustee | 1.4 | $0 |
Taylor Sutton President El | OfficerTrustee | 1.4 | $0 |
Jamison Walker Treasurer | OfficerTrustee | 1.4 | $0 |
Chuck Tunnell Secretary | OfficerTrustee | 1.4 | $0 |
Tim Carlson Director, Ex | OfficerTrustee | 1.4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $116,073 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,710 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,783 |
| Total Program Service Revenue | $177,251 |
| Investment income | $221 |
| 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 | $307,398 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100 |
| Grants and other assistance to domestic individuals. | $9,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $83,876 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,750 |
| Fees for services: Lobbying | $34,694 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,028 |
| Advertising and promotion | $0 |
| Office expenses | $3,251 |
| Information technology | $5,285 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $155,500 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,869 |
| All other expenses | $6,077 |
| Total functional expenses | $317,430 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $175,265 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,140 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $33,332 |
| Total assets | $223,737 |
| Accounts payable and accrued expenses | $7,300 |
| Grants payable | $0 |
| Deferred revenue | $16,570 |
| 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 | $680 |
| Total liabilities | $24,550 |
| Net assets without donor restrictions | $187,018 |
| Net assets with donor restrictions | $12,169 |
| 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 | $223,737 |