Overview
What is Kentucky Oil & Gas Association?
Kentucky Oil & Gas Association is a nonprofit organization situated in Frankfort, Kentucky, specifically at 306 W MAIN ST STE 406. Its primary mission is to safeguard the interests of the oil and gas industry in Kentucky and the United States, engaging with both national organizations and public entities. With a modest workforce of one individual, this association works tirelessly to advocate for and protect the needs of the oil and gas sector in the region.
Official website here: www.kyoilgas.org
Is Kentucky Oil & Gas Association legitimate?
Kentucky Oil & Gas Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Oil & Gas Association submitted a form 990, 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $73,250
For more financial information, click here
Official website here: www.kyoilgas.org
What is the mission statement of Kentucky Oil & Gas Association?
The Kentucky Oil & Gas Association's mission is centered around safeguarding the interests of the oil and gas industry, both in Kentucky and at a national level. This organization actively represents the Kentucky oil and gas sector before various state, national organizations, and public entities. Their primary goal is to advocate on behalf of the industry, ensuring its interests are well-represented and protected.
Official website here: www.kyoilgas.org
Who is the CEO of Kentucky Oil & Gas Association?
Ryan Watts is the President-El of Kentucky Oil & Gas Association.
Official website here: www.kyoilgas.org
What is the revenue of Kentucky Oil & Gas Association?
Kentucky Oil & Gas Association's revenue in 2022 was $243,957.
Official website here: www.kyoilgas.org
Who are the executives of Kentucky Oil & Gas Association and what are their salaries?
The average compensation at Kentucky Oil & Gas Association during 2022 was $73,250. There is 1 employee at Kentucky Oil & Gas Association.
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- Compensation: $81,250
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Official website here: www.kyoilgas.org
Where can I find the form 990 for Kentucky Oil & Gas Association?
Kentucky Oil & Gas Association's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kyoilgas.org
Learn more at the official website: www.kyoilgas.org
Mission Statement of Kentucky Oil & Gas Association
The Kentucky Oil & Gas Association, in its mission, works diligently to safeguard the interests of the oil and gas industry in Kentucky and the United States. This nonprofit organization serves as a powerful advocate for this sector, engaging with various state and national organizations, as well as public entities, to ensure the industry's needs are met and its voice is heard. By representing the Kentucky Oil and Gas Industry, the Association aims to foster a favorable environment for the sector's growth and success.
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Impact
October, 2024
The Kentucky Oil & Gas Association significantly influences the oil and gas sector by advocating for the interests of the industry at both state and national levels. By representing the industry's stakeholders before various governmental entities and organizations, the association plays a crucial role in shaping policies that affect the local economy and job market. Its efforts contribute to community improvement through promoting sustainable practices and fostering economic growth in Kentucky. The association's activities also ensure that the concerns of the industry are addressed in legislative discussions, ultimately supporting the vitality of this vital sector.
This information is meant to be a general summary of Kentucky Oil & Gas Association. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $408
- Program Service Revenue: $131,745
- Gross Receipts: $243,957
Assets and Liabilities:
- Total Assets: $316,433
- Total Liabilities: $6,186
- Net Assets: $310,247
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ANNUAL MEETING INCOME
Revenue
$53,903
QUARTERLY MEETING INCOME
Revenue
$42,858
INSURANCE INCOME
Revenue
$24,000
CONFERENCE INCOME
Revenue
$7,600
SIGN AND MERCHANDISE INCOME
Revenue
$2,747
Organization Details
Founding Year
1931
Phone
(502) 226-1955Principal Officer
Ryan Watts
Main Address
306 W MAIN ST STE 406, FRANKFORT, KY, 40601
Website
www.kyoilgas.orgNTEE Category
Code: S41 - Community improvement
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