OK TX Panhandle Chapter IADC
- Assets
- $341.5k
- Revenue
- $183.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Oklahoma City, OK
- Founding
- Data as of
- 12/2022
- EIN
- 73-1080839
Organization Overview
OK TX Panhandle Chapter IADC is located in Oklahoma City, OK. OK TX Panhandle Chapter IADC 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 12/2022, OK TX Panhandle Chapter IADC generated $183.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 36.0% each year . All expenses for the organization totaled $158.4k during the year ending 12/2022. While expenses have increased by 30.7% per year over the past 4 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE OKLAHOMA TEXAS PANHANDLE CHAPTER OF THE IADC IS AN ORGANIZATION BASED IN OKLAHOMA CITY AND COMPRISED OF MEMBERS OF LOCAL OIL AND NATURAL GAS DRILLING COMPANIES. OUR PRIMARY PURPOSE IS TO EDUCATE OUR INDUSTRY THROUGH MONTHLY LUNCHEONS WHERE SPEAKERS DISCUSS CURRENT ISSUES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE OKLAHOMA TEXAS PANHANDLE CHAPTER OF THE IADC IS AN ORGANIZATION BASED IN OKLAHOMA CITY AND COMPRISED OF MEMBERS OF LOCAL OIL AND NATURAL GAS DRILLING COMPANIES. OUR PRIMARY PURPOSE IS TO EDUCATE OUR INDUSTRY THROUGH MONTHLY LUNCHEONS WHERE SPEAKERS DISCUSS CURRENT ISSUES PERTINENT TO OUR INDUSTRY.OUR MEMBERSHIP DUES AND PROCEEDS FROM OUR ANNUAL GOLF TOURNAMENT ARE REDISTRIBUTED TO NEEDY STUDENTS THROUGH SEMI-ANNUAL SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Emily Massey Secretary | Officer | 0 | $0 |
Charles Piper Scholarships | Officer | 0 | $0 |
Steven Jones Treasurer | Officer | 0 | $0 |
Chris Smith Chairman | Officer | 0 | $0 |
Lee Welker Vice President | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $5,877 |
| Fundraising events | $177,707 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $183,584 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $183,584 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $34,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $600 |
| 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 | $166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $158,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,583 |
| Savings and temporary cash investments | $67,685 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $227,277 |
| Total assets | $341,545 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $114,268 |
| Net assets with donor restrictions | $227,277 |
| 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 | $341,545 |