Petroleum Equipment Contracters Association Inc
- Assets
- $85.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Sparta, NJ
- Founding
- 04/1990
- Data as of
- 02/2024
- EIN
- 52-1676025
Organization Overview
Petroleum Equipment Contracters Association Inc is located in Sparta, NJ. The organization was established in 1990. 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. Petroleum Equipment Contracters Association 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.
For the year ending 02/2024, Petroleum Equipment Contracters Association Inc generated $67.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $58.0k during the year ending 02/2024. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
PROVIDE TRAINING SEMINARS TO MEMBERS FOR UPDATES TO OSHA RULES, OIL SPILL CONTAINMENT METHODS, D.E.P. UPDATES, UNDERGROUND STORAGE TANK RULES, AND OTHER INDUSTRY RELATED TECHNICAL TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sam A Saba Executive Director & Treas | 17 | $33,000 | |
Tom Ruga President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $31,552 |
| Membership dues | $36,184 |
| Investment income | $46 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $67,782 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,000 |
| Professional fees and other payments to independent contractors | $300 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $365 |
| Other expenses | $24,316 |
| Total expenses | $57,981 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $85,917 |
| Other assets | $0 |
| Total assets | $85,917 |
| Total liabilities | $0 |
| Net assets or fund balances | $85,917 |