Colorado Petroleum Marketers Association
- Assets
- $166.0k
- Revenue
- $268.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Denver, CO
- Founding
- 05/1936
- Data as of
- 12/2022
- EIN
- 84-0173705
Organization Overview
Colorado Petroleum Marketers Association is located in Denver, CO. The organization was established in 1936. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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, Colorado Petroleum Marketers Association generated $268.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.4%) each year. All expenses for the organization totaled $330.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.0%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
ADVANCE THE INTERESTS OF MEMBERS LOCATED IN COLORADO AND WYOMING WHO ARE IN THE BUSINESS OF MARKETING PETROLEUM PRODUCTS. THESE INTERESTS INCLUDE ADVANCING THE EDUCATION, TRAINING, AND LEGISLATIVE AGENDA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONVENTIONS - EXCHANGE OF INFORMATION AMONG MEMBERS, APPROXIMATELY 200. ATTEND TRADE SHOWS AND SEMINARS, AND VIEW EXHIBITS AND LEARN NEW TECHNOLOGIES IN THE BUSINESS.
PROGRAM SERVICE EXPENSES FOUND IN OTHER EXPENSES HAVE 3 PRIMARY CATEGORIES: CONVENTIONS - EXCHANGE OF INFORMATION AMONG MEMBERS, APPROXIMATELY 200. ATTEND TRADE SHOWS AND SEMINARS, AND VIEW EXHIBITS AND LEARN NEW TECHNOLOGIES IN THE BUSINESS. MEMBERSHIP PROGRAMS - RECEIPT OF BI-MONTHLY NEWSLETTER, MEMBERSHIP DIRECTORY, AND EMAIL PROVIDING CURRENT LEGISLATIVE/GOVERNMENT REGULATIONS AND BUSINESS DEVELOPMENTS. RESEARCH FOR MEMBER INQUIRIES REGARDING PETROLEUM MARKETING ISSUES INSURANCE - SERVICE FEES FROM INSURANCE PROGRAMS AVAILABLE TO MEMBERS INCLUDING HEALTH, CASUALTY, AND WORKERS COMPENSATION.
MEMBERSHIP PROGRAMS - RECEIPT OF BI-MONTHLY NEWSLETTER PROVIDING CURRENT LEGISLATIVE AND BUSINESS DEVELOPMENTS AND RESEARCH FOR MEMBER INQUIRIES REGARDING PETROLEUM MARKETING
LEGISLATIVE - PRESENTATIONS TO STATE LEGISLATORS FOR THE PURPOSE OF INFORMING THEM OF THE EFFECT OF CURRENT OR PROSPECTIVE LEGISLATION ON THE PETROLEUM MARKETING INDUSTRY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Bailey President | OfficerTrustee | 1 | $0 |
Travis Booth 1st Vice-Pre | OfficerTrustee | 1 | $0 |
Brian Haldorson Treasurer | OfficerTrustee | 1 | $0 |
Jim Wallace Past Preside | OfficerTrustee | 1 | $0 |
Troy Hill Vice-Charima | OfficerTrustee | 1 | $0 |
Don Policky Vice-Chairma | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| 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 | $0 |
| Total Program Service Revenue | $196,346 |
| Investment income | $372 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $71,745 |
| 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 | $268,463 |
| 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. | $148,783 |
| 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 | $10,275 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| 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 | $75,742 |
| Advertising and promotion | $0 |
| Office expenses | $1,242 |
| Information technology | $7,111 |
| Royalties | $0 |
| Occupancy | $25,100 |
| Travel | $787 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,657 |
| Interest | $0 |
| Payments to affiliates | $33,406 |
| Depreciation, depletion, and amortization | $1,071 |
| Insurance | $3,344 |
| All other expenses | $688 |
| Total functional expenses | $330,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,358 |
| Savings and temporary cash investments | $134,664 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,817 |
| 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 | $6,297 |
| Net Land, buildings, and equipment | $1,236 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,600 |
| Total assets | $165,972 |
| Accounts payable and accrued expenses | $2,181 |
| 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 | $2,181 |
| Net assets without donor restrictions | $163,791 |
| 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 | $165,972 |