Colorado Oil & Gas Association
- Assets
- $2.9m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 9
- Location
- Denver, CO
- Founding
- 02/1987
- Data as of
- 12/2023
- EIN
- 74-2373229
Organization Overview
Colorado Oil & Gas Association is located in Denver, CO. The organization was established in 1987. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Colorado Oil & Gas Association employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 12/2023, Colorado Oil & Gas Association generated $3.5m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (1.4%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
FOUNDED IN 1984, THE COLORADO OIL & GAS ASSOCIATIONS MISSION IS TO BE THE UNIFIED POLITICAL AND REGULATORY VOICE FOR THE OIL AND NATURAL GAS INDUSTRY IN COLORADO, AND TO SUPPORT OUR MEMBERS THROUGH ADVOCACY, PARTNERSHIPS, EDUCATION AND STAKEHOLDER ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENERGY SUMMIT ANNUAL CONFERENCE - COGA HOSTS THE PREMIER REGIONAL INDUSTRY CONFERENCE, THE ENERGY SUMMIT. THIS CONFERENCE SPANS TWO DAYS IN THE DENVER METRO AREA AND SERVES TO FURTHER COGA'S EDUCATIONAL MISSION.
LOBBYISTS AT THE COLORADO LEGISLATURE ARE TO ASSIST LAWMAKERS IN DECISIONS AFFECTING THE OIL AND GAS INDUSTRY. THE APPROPRIATE LEGISLATIVE ACTIVITY WAS TRACKED THROUGHOUT THE YEAR.
SCHOLARSHIP AWARDS AND CONTRIBUTUIONS TO LOCAL COMMUNITY CHARITIES AND CAUSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dan Haley President & CEO | 40 | $388,500 | |
Christy Woodward Senior Director | 40 | $227,724 | |
Groffy William Senior Director | 40 | $123,480 | |
Lisha Burnett Board Member | Trustee | 0.5 | $0 |
Jennifer Biever Board Member | Trustee | 0.5 | $0 |
Howard Boigon Board Member | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Beatty & Wozniak Pc Legal | 12/30/23 | $365,000 |
Brownstein Hyatt Farber Schreck Pc Legal | 12/30/23 | $245,266 |
Colorado Legislative Strategies Consulting | 12/30/23 | $110,000 |
Spirit Environmental Consulting | 12/30/23 | $116,028 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,113,381 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $100,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,213,381 |
| Total Program Service Revenue | $254,714 |
| Investment income | $60,284 |
| 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 | $3,528,379 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $56,000 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,096,904 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $287,864 |
| Payroll taxes | $69,748 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $610,820 |
| Fees for services: Accounting | $24,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $487,198 |
| Advertising and promotion | $7,627 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $11,018 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $22,520 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,908 |
| Insurance | $5,367 |
| All other expenses | $215,156 |
| Total functional expenses | $3,178,661 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,428,126 |
| Savings and temporary cash investments | $808,819 |
| 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 | $37,867 |
| Net Land, buildings, and equipment | $578,690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,630 |
| Total assets | $2,860,132 |
| Accounts payable and accrued expenses | $24,716 |
| Grants payable | $0 |
| Deferred revenue | $837,193 |
| 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 | $349,068 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $301,681 |
| Total liabilities | $1,512,658 |
| Net assets without donor restrictions | $1,347,474 |
| Net assets with donor restrictions | $0 |
| 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 | $2,860,132 |
Grants Awarded
Over the last fiscal year, Colorado Oil & Gas Association has awarded $47,551 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROCKY MOUNTAIN VELO LLC PURPOSE: Citizens with economic needs | $8,000 |
AMERICAN HEART ASSOCIATION PURPOSE: Citizens with economic needs | $10,000 |
THE TENNYSON CENTER FOR CHILD PURPOSE: Citizens with economic needs | $29,551 |