North Carolina Propane Gas Assn
- Assets
- $2.5m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 8
- Location
- Raleigh, NC
- Founding
- 09/1958
- Data as of
- 12/2021
- EIN
- 56-0650719
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.
Form
990
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) | Role | Hours | Compensation |
|---|---|---|---|
John Jessup President/ceo | Officer | 50 | $168,425 |
Jay Little Secretary | OfficerTrustee | 1 | $0 |
Donald Godfrey Treasurer | OfficerTrustee | 1 | $0 |
Angi Harris Chairman Elect | OfficerTrustee | 1 | $0 |
Joe Phillips Past Chairman | OfficerTrustee | 1 | $0 |
Brian Yow Vice Chairman | OfficerTrustee | 1 | $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 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $69,080 |
| Grants and other assistance to domestic individuals. | $7,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $189,330 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $200,688 |
| Pension plan accruals and contributions | $5,766 |
| Other employee benefits | $30,446 |
| Payroll taxes | $32,616 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,099 |
| Fees for services: Lobbying | $68,881 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $2,477 |
| Fees for services: Other | $16,972 |
| Advertising and promotion | $48,834 |
| Office expenses | $136,506 |
| Information technology | $12,135 |
| Royalties | $0 |
| Occupancy | $94,452 |
| Travel | $36,971 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $48,041 |
| Interest | $32,773 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $134,857 |
| Insurance | $10,417 |
| All other expenses | $28,285 |
| Total functional expenses | $1,467,010 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $61,466 |
| Savings and temporary cash investments | $12,670 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,286 |
| 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 | $2,954 |
| Net Land, buildings, and equipment | $2,210,619 |
| Investments—publicly traded securities | $166,634 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,786 |
| Total assets | $2,483,415 |
| Accounts payable and accrued expenses | $46,416 |
| Grants payable | $0 |
| Deferred revenue | $1,775 |
| 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 | $867,826 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $916,017 |
| Net assets without donor restrictions | $1,103,285 |
| Net assets with donor restrictions | $464,113 |
| 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 | $2,483,415 |
Grants Awarded
Over the last fiscal year, North Carolina Propane Gas Assn has awarded $28,484 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
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 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that North Carolina Propane Gas Assn has recieved totaling $880,409.
| Awarding Organization | Amount |
|---|---|
Nc Propane Education & Research Foundation Raleigh, NC PURPOSE: SAFETY EDUCATION & TRAINING FACILITY | $880,409 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tennessee Section Pga Of Amercia Franklin, TN | $3,470,335 | $2,062,038 |
North Carolina Propane Gas Assn Raleigh, NC | $2,483,415 | $1,640,023 |
North Carolina Egg Assn Inc Fuquayvarina, NC | $413,759 | $472,089 |
Advocates For Minor Leaguers Inc Charlottesville, VA | $54,007 | $283,660 |
Carolina League Inc Winston Salem, NC | $0 | $0 |
North Carolina Coal Institute Inc Folly Beach, SC | $219,948 | $106,309 |
Finance Association Of Tennessee Nashville, TN | $50,551 | $0 |
Travelers United Inc Arlington, VA | $6,577 | $65,423 |
Golf Usa Tee Time Coalition Daniel Island, SC | $0 | $0 |
14a Flying Club Inc Mooresville, NC | $0 | $33,436 |
American Dairy Assn Of Sc Atlanta, GA | $14,830 | $46,437 |
A10tion Foundation Inc Fort Valley, GA | $330 | $0 |