Florida Petroleum Marketers Association
- Assets
- $1.5m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Tallahassee, FL
- Founding
- 07/2018
- Data as of
- 12/2022
- EIN
- 82-3438520
Organization Overview
Florida Petroleum Marketers Association is located in Tallahassee, FL. The organization was established in 2018. 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 12/2022, Florida Petroleum Marketers Association employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Florida Petroleum Marketers 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 12/2022, Florida Petroleum Marketers Association generated $1.3m in total revenue. All expenses for the organization totaled $1.2m during the year ending 12/2022. While expenses have increased by 138.2% per year over the past 5 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 MISSION OF THE FLORIDA PETROLEUM MARKETERS ASSOCIATION IS TO PROTECT THE INDUSTRY AND ADVOCATE ON ITS BEHALF. WE STRIVE TO PROMOTE A GROWTH ORIENTED BUSINESS COMMUNITY IN THE STATE OF FLORIDA AND WORK TO ENSURE THAT EVERY ONE OF OUR MEMBERS REAPS THE BENEFITS OF A FAIRLY REGULATED AND BUSINESS FRIENDLY ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTION AND TRADE SHOW- AN ANNUAL CONVENTION IS HELD WITH APPROXIMATELY 225 BOOTHS AND 1,000 ATTENDEES. THE CONVENTION PROMOTES THE PETROLEUM INDUSTRY TO BOTH MEMBERS AND THE GENERAL PUBLIC. THE BOOTHS DISPLAY INDUSTRY PRODUCTS DESIGNED TO STIMULATE INTEREST IN PETROLEUM PRODUCTS AND EDUCATE ATTENDEES ON THE NEW DEVELOPMENTS IN THE PETROLEUM INDUSTRY.
PUBLICATIONS- THE ASSOCIATION PUBLISHES A MAGAZINE WHICH EDUCATES ITS MEMBERS AND THE PUBLIC ON THE PETROLEUM INDUSTRY. THE MAGAZINE INCLUDES INFORMATION ABOUT THE ASSOCIATION, AS WELL AS LEGAL AND ENVIRONMENTAL ISSUES FACING THE PETROLEUM INDUSTRY AND NEW PRODUCT DEVELOPMENTS. THE ASSOCIATION HAS APPROXIMATELY 200 MEMBERS.
EDUCATION- WORKSHOPS AND SIMINARS TO EDUCATE MEMBERS IN VARIOUS AREAS RELATED TO CURRENT EVENTS, SAFETY, AND ISSUES FACING THE PETROLEUM INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth J Waring Director | Trustee | 5 | $0 |
Eva Rigamonti Director | Trustee | 5 | $0 |
Billy Mcknight Director | Trustee | 5 | $0 |
Stoney Smith Immediate Past Chair | Officer | 5 | $0 |
Dennis Combs Secretary/treasurer | Officer | 5 | $0 |
Carlos Arruza Jr Chairman | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $45,102 |
| All other contributions, gifts, grants, and similar amounts not included above | $416,885 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $461,987 |
| Total Program Service Revenue | $772,147 |
| Investment income | $4,088 |
| 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 | $1,250,808 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $74,000 |
| Grants and other assistance to domestic individuals. | $1,641 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $317,261 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $136,273 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $523 |
| Payroll taxes | $6,569 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $81,855 |
| Fees for services: Accounting | $6,880 |
| Fees for services: Lobbying | $74,050 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $23,186 |
| Information technology | $24,839 |
| Royalties | $0 |
| Occupancy | $21,696 |
| Travel | $14,926 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $341,205 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $540 |
| Insurance | $2,121 |
| All other expenses | $0 |
| Total functional expenses | $1,170,127 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,389,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,219 |
| 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 | $14,102 |
| Net Land, buildings, and equipment | $899 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $50,000 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,465,381 |
| Accounts payable and accrued expenses | $14,886 |
| Grants payable | $0 |
| Deferred revenue | $207,921 |
| 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 | $222,807 |
| Net assets without donor restrictions | $1,242,574 |
| 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 | $1,465,381 |
Grants Awarded
Over the last fiscal year, Florida Petroleum Marketers Association has awarded $74,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA PETROLEUM MARKETERS SCHOLARSHIP PURPOSE: ASSIST WITH SCHOLASTIC DEVELOPMENT | $24,000 |
FLORIDA RESTAURANT ASSOCIATION INC PURPOSE: DONATIONS. | $50,000 |