Overview
What is Kentucky Petroleum Marketers Association?
The Kentucky Petroleum Marketers Association (KPMA) is a statewide, nonprofit organization based in Lexington, Kentucky. Comprising representatives from various segments of the petroleum industry, its primary objective is to promote the interests and goodwill of all parties engaged in the marketing and distribution of petroleum products within the Commonwealth of Kentucky. The KPMA currently represents approximately 185 members, who collectively manage more than 2,300 retail fueling facilities across the state. The association's mission is to keep its members informed on news, developments, and issues affecting the petroleum industry, ensuring their continued success and growth. To accomplish this, the KPMA offers four core services: representation, education, advocacy, and connection, ensuring its members are well-equipped to navigate the complexities of the petroleum market.
Official website here: www.kpma.org
Is Kentucky Petroleum Marketers Association legitimate?
Kentucky Petroleum Marketers Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Kentucky Petroleum Marketers 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:
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Official website here: www.kpma.org
What is the mission statement of Kentucky Petroleum Marketers Association?
The Kentucky Petroleum Marketers Association (KPMA) plays a crucial role in keeping its members updated on news, developments, and issues affecting the petroleum industry. As a non-profit trade association, the KPMA serves its membership through four core services: representation, education, advocacy, and connection. The association represents various segments of the petroleum industry, advocating for the interests and goodwill of those engaged in the marketing and distribution of petroleum products. Currently, the KPMA represents approximately 185 members, who collectively own or supply over 2,300 retail fueling facilities in Kentucky. The KPMA's activities aim to promote understanding, advance relevant developments, and address issues and trends that impact the petroleum marketing sector.
Official website here: www.kpma.org
What is the revenue of Kentucky Petroleum Marketers Association?
Kentucky Petroleum Marketers Association's revenue in 2023 was $879,715.
Official website here: www.kpma.org
Who are the executives of Kentucky Petroleum Marketers Association and what are their salaries?
There 20 volunteers at Kentucky Petroleum Marketers Association.
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Official website here: www.kpma.org
Where can I find the form 990 for Kentucky Petroleum Marketers Association?
Kentucky Petroleum Marketers Association's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.kpma.org
Learn more at the official website: www.kpma.org
Mission Statement of Kentucky Petroleum Marketers Association
The Kentucky Petroleum Marketers Association, or KPMA, is a nonprofit organization that serves as a platform for representatives from various sectors of the petroleum industry. Its primary mission is to keep its members informed about pertinent news, developments, and issues affecting the petroleum industry. By doing so, the KPMA aims to ensure that everyone engaged in the marketing and distribution of petroleum products in Kentucky maintains updated knowledge on industry-related matters.
The KPMA accomplishes this mission through four core services: representation, education, advocacy, and connection. The organization represents its members by promoting their interests and fostering goodwill within the petroleum industry. It educates its members by providing them with essential information on industry-related news and developments. The advocacy function involves representing members' interests in state and national government, as well as advocating for issues and trends affecting petroleum marketing and the industry as a whole. Lastly, the KPMA fosters connections within the industry by facilitating networking opportunities and providing resources to its members.
In essence, the Kentucky Petroleum Marketers Association works to keep its members informed, educated, and connected within the petroleum industry. By providing critical information and resources, the organization empowers its members to navigate the complexities of the petroleum market and succeed in their respective roles within the industry.
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Impact
October, 2024
The Kentucky Petroleum Marketers Association (KPMA) plays a vital role in enhancing the petroleum industry within the Commonwealth of Kentucky. By keeping its approximately 185 members informed about crucial developments, trends, and legislative issues, KPMA fosters a well-informed community that can effectively navigate the complexities of petroleum marketing and distribution.
With representation from all segments of the petroleum sector, including ownership and supply of over 2,300 retail fueling facilities such as convenience stores, service stations, truck stops, card locks, and marinas, KPMA serves as a central hub for collaboration and support. This broad membership base allows the association to amplify the voices of marketers and encourage goodwill among industry participants.
KPMA's commitment to advocacy ensures that the interests of its members are prominently represented in both state and national government discussions. By addressing pertinent issues and promoting best practices, KPMA strengthens the industry's position and helps members adapt to ongoing changes.
The association’s educational initiatives further enhance industry knowledge and skills, providing members with resources and training to excel in their operations. By facilitating connections among industry stakeholders, KPMA enhances networking opportunities that can lead to collaborative ventures and community improvement projects.
Overall, KPMA's comprehensive approach to representation, education, advocacy, and connection significantly impacts the industry's health and growth, fostering a more cohesive and resilient petroleum marketing landscape in Kentucky.
This information is meant to be a general summary of Kentucky Petroleum Marketers 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 2023.
- Investment Income: $31,669
- Program Service Revenue: $814,325
- Gross Receipts: $1,008,588
Assets and Liabilities:
- Total Assets: $1,467,109
- Total Liabilities: $189,209
- Net Assets: $1,277,900
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CONFERENCES AND MEETIN
Revenue
$484,430
MEMBERSHIP DUES
Revenue
$204,210
ADMINISTRATIVE SERVICE
Revenue
$65,400
EDUCATIONAL PROGRAMS
Revenue
$54,365
NATIONAL OILHEAT RESEA
Revenue
$5,920
Organization Details
Founding Year
1926
Principal Officer
Brian Clark
Website
www.kpma.orgNTEE Category
Code: S41 - Community improvement
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