Petroleum Club Of Shreveport Inc
- Assets
- $1.2m
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 62
- Location
- Shreveport, LA
- Founding
- 06/1963
- Data as of
- 12/2021
- EIN
- 72-0417455
Organization Overview
Petroleum Club Of Shreveport Inc is located in Shreveport, LA. The organization was established in 1963. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. As of 12/2021, Petroleum Club Of Shreveport Inc employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Petroleum Club Of Shreveport Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, Petroleum Club Of Shreveport Inc generated $1.6m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (3.1%) per year over the past 7 years. 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 PROVIDE A FRATERNAL ORGANIZATION TO PROMOTE EDUCATIONAL INSIGHT AND INTELLECTUAL AND SOCIAL INTERACTION AMONG MEMBERS ENGAGED IN THE PETROLEUM, NATURAL GAS AND OTHER ALLIED INDUSTRIES AND PROFESSIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PURPOSE OF THE CLUB IS TO PROVIDE ITS MEMBERS WITH RECREATION, ENTERTAINMENT AND A SOCIAL ENVIRONMENT CONDUCIVE TO THE ADVANCEMENT OF PETROLEUM INDUSTRY AND OTHER TECHNOLOGIES THROUGH INTERACTION AMONG THE MEMBERSHIP.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Terrell General Manager | Officer | 40 | $88,534 |
Stephen Paine Treasurer | Officer | 2 | $0 |
Ian Byram Secretary | Officer | 2 | $0 |
Trey Giglio President | Officer | 2 | $0 |
Marty Wooldridge Vice President | Officer | 2 | $0 |
Jonathan Rose Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $594,258 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $200,681 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $794,939 |
| Total Program Service Revenue | $0 |
| Investment income | $10,764 |
| 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 | $487,771 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,585,070 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $88,534 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $543,250 |
| Pension plan accruals and contributions | $20,800 |
| Other employee benefits | $37,381 |
| Payroll taxes | $64,596 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $18,113 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $170,166 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $52,193 |
| Insurance | $35,513 |
| All other expenses | $58,332 |
| Total functional expenses | $1,450,185 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $523,182 |
| Savings and temporary cash investments | $165,349 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $280,448 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $32,477 |
| Prepaid expenses and deferred charges | $868 |
| Net Land, buildings, and equipment | $184,210 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,186,534 |
| Accounts payable and accrued expenses | $191,693 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $57,492 |
| Total liabilities | $249,185 |
| Net assets without donor restrictions | $879,089 |
| Net assets with donor restrictions | $58,260 |
| 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 | $1,186,534 |
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