Virginia Oil & Gas Association
- Assets
- $171.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Abingdon, VA
- Founding
- 03/1998
- Data as of
- 12/2021
- EIN
- 54-1071248
Organization Overview
Virginia Oil & Gas Association is located in Abingdon, VA. The organization was established in 1998. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Oil & 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, Virginia Oil & Gas Association generated $141.9k 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 (6.6%) each year. All expenses for the organization totaled $109.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.9%) per year over the past 7 years. 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
2021
Describe the Organization's Program Activity:
Part 3
PROMOTE THE OIL AND GAS INDUSTRY OF VA
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maurice Royster Directorvice Presiden | 0 | $0 | |
Leon Boyd Directorvice Pres | 0 | $0 | |
Ken Yagelski Director | 0 | $0 | |
Kevin Miller Director | 0 | $0 | |
Kevin Elkins Director | 0 | $0 | |
George Mason Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $91,219 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $50,705 |
| Other Revenue | $0 |
| Total Revenue | $141,924 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $61,382 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $494 |
| Other expenses | $47,096 |
| Total expenses | $108,972 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $171,168 |
| Other assets | $0 |
| Total assets | $171,168 |
| Total liabilities | $54,055 |
| Net assets or fund balances | $117,113 |
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|---|---|---|
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House Majority Forward Washington, DC | $4,051,593 | $12,002,258 |
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Real Estate Roundtable Inc Washington, DC | $4,544,529 | $7,445,927 |
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The North Carolina Community Action Association Raleigh, NC | $4,811,006 | $8,169,285 |
American Seed Trade Association Alexandria, VA | $7,353,007 | $6,785,185 |
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