North Carolina Propane Gas Assn

Organization Overview

North Carolina Propane Gas Assn is located in Raleigh, NC. The organization was established in 1958. According to its NTEE Classification (N01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, North Carolina Propane Gas Assn employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. North Carolina Propane Gas Assn 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, North Carolina Propane Gas Assn generated $1.6m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 12.1% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROMOTE, PROTECT AND ENCOURAGE THE GROWTH OF THE LP-GAS INDUSTRY IN THE STATE OF NC.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO ENCOURAGE, PROMOTE, AND DEVELOP THE PROPANE GAS INDUSTRY THROUGH EDUCATIONAL SEMINARS, AN ANNUAL CONVENTION, AND RELATED ACTIVITIES.


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Board, Officers & Key Employees

Name (title)Compensation
John Jessup
President/ceo
$168,425
Angi Harris
Chairman Elect
$0
Brian Yow
Vice Chairman
$0
Jay Little
Secretary
$0
Donald Godfrey
Treasurer
$0
Joe Phillips
Past Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$880,409
Government grants $59,100
All other contributions, gifts, grants, and similar amounts not included above$90,496
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,030,005
Total Program Service Revenue$556,756
Investment income $9,101
Tax Exempt Bond Proceeds $0
Royalties $12,019
Net Rental Income $7,517
Net Gain/Loss on Asset Sales $8,550
Net Income from Fundraising Events $98
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $1,572
Miscellaneous Revenue$0
Total Revenue $1,640,023

Grants Awarded

Over the last fiscal year, North Carolina Propane Gas Assn has awarded $28,484 in support to 2 organizations.

Grant RecipientAmount

RAPID X CHANGE

PURPOSE: TO REIMBURSE 80% OF COST TO CONVERT VEHICLES FROM GASOLINE TO CLEAN PROPANE

$14,872

STEVENS SAUSAGE CO

PURPOSE: TO REIMBURSE 80% OF COST TO CONVERT VEHICLES FROM GASOLINE TO CLEAN PROPANE

$13,612
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 1 grants that North Carolina Propane Gas Assn has recieved totaling $880,409.

Awarding OrganizationAmount
Nc Propane Education & Research Foundation

Raleigh, NC

PURPOSE: SAFETY EDUCATION & TRAINING FACILITY

$880,409
View Grant Recipient Profile

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