Petroleum Club Of Olney

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 370721628 ✦ Olney, IL ✦ Designated as a 501(c)(7)

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Overview

What is Petroleum Club Of Olney?

The Petroleum Club of Olney is a nonprofit organization situated in Olney, likely offering a variety of recreational and social amenities to its members, their relatives, and guests. This organization plays an active role in community activities and extends its support beyond its members. It demonstrates a strong commitment to giving back by offering college scholarships to deserving students and providing assistance to the local community at large.

Is Petroleum Club Of Olney legitimate?

Petroleum Club Of Olney is a legitimate nonprofit organization registered as a 501(c)(7) entity. Petroleum Club Of Olney submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of Petroleum Club Of Olney?

The Petroleum Club of Olney is committed to offering its members, their families, and guests recreational and social amenities and services. The organization is also actively involved in community activities. Additionally, it extends its support to the community through providing college scholarships for students and offering various forms of assistance. The Petroleum Club of Olney aims to contribute positively to its community while providing a comfortable and engaging environment for its members.

Who is the CEO of Petroleum Club Of Olney?

Jr Rittter is the President of Petroleum Club Of Olney.

What is the revenue of Petroleum Club Of Olney?

Petroleum Club Of Olney's revenue in 2022 was $55,950.

Who are the executives of Petroleum Club Of Olney and what are their salaries?


Here are 3 key members and their salaries:


Jr Rittter (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Smith (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Scott Jones (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Petroleum Club Of Olney?

Petroleum Club Of Olney's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of Petroleum Club Of Olney

The Petroleum Club of Olney is committed to offering its members, their dependents, and guests a variety of recreational and social facilities and services, all while actively engaging in community activities. Beyond this, the organization extends its support to the community by providing college scholarships for deserving students and offering other forms of assistance.

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Impact




October, 2024

The Petroleum Club of Olney significantly enriches the local community by providing recreational and social facilities that foster connections among its members, their families, and guests. This gathering place serves as a hub for social activities and events, strengthening community ties and support networks. In addition to its recreational offerings, the club actively engages in community initiatives, contributing to the well-being of Olney. One of its impactful efforts includes providing college scholarships for students, which helps to support educational aspirations and promote academic achievement. Through these activities, the Petroleum Club plays a vital role in enhancing the quality of life in the region while inspiring community involvement and assistance.




This information is meant to be a general summary of Petroleum Club Of Olney. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$55,950 (2022)
Expenses
$70,505 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $38
  • Program Service Revenue: $8,975
  • Gross Receipts: $90,799

Assets and Liabilities:

  • Total Assets: $38,229
  • Total Liabilities: $406
  • Net Assets: $37,823

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Organization Details

Principal Officer

Jr Rittter

Main Address

1003 W MAIN, OLNEY, IL, 62450

NTEE Category

Code: N50 - Recreation

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