Arkansas Oil Marketers Association Inc

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

EIN: 710625717 ✦ Little rock, AR ✦ Designated as a 501(c)(6)

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Overview

What is Arkansas Oil Marketers Association Inc?

Arkansas Oil Marketers Association Inc is a nonprofit organization situated in Little Rock, Arkansas. With just two employees, their primary mission is to foster cooperation among petroleum marketers. This is achieved by advocating for uniform federal and state legislation, preventing discrimination, and combating unfair practices within the petroleum industry. The association aims to maintain a collaborative spirit among its members, contributing to a harmonious and fair operating environment in the petroleum sector.


Official website here: www.aoma.org

Is Arkansas Oil Marketers Association Inc legitimate?

Arkansas Oil Marketers Association Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Arkansas Oil Marketers Association Inc 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: $119,220
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,180

For more financial information, click here


Official website here: www.aoma.org

What is the mission statement of Arkansas Oil Marketers Association Inc?

The Arkansas Oil Marketers Association Inc's mission is centered around fostering a cooperative spirit among petroleum marketers. This is achieved by advocating for uniform federal and state legislation that benefits the industry. Furthermore, the organization works diligently to prevent unjust discrimination and unfair practices in all matters related to the petroleum industry. They strive to ensure fairness and unity among petroleum marketers, thereby promoting a harmonious business environment.


Official website here: www.aoma.org

Who is the CEO of Arkansas Oil Marketers Association Inc?

Steve Ferren is the Director of Arkansas Oil Marketers Association Inc.


Official website here: www.aoma.org

What is the revenue of Arkansas Oil Marketers Association Inc?

Arkansas Oil Marketers Association Inc's revenue in 2022 was $443,427.


Official website here: www.aoma.org

Who are the executives of Arkansas Oil Marketers Association Inc and what are their salaries?

The average compensation at Arkansas Oil Marketers Association Inc during 2022 was $79,200. There are 2 employees at Arkansas Oil Marketers Association Inc.


Here are 20 key members and their salaries:


Benny Magness (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Al Heringer Iv (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenny Grounds (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Terry Stephenson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Blackmon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jackie Mcclure (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sadiq Ali (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Howell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vaness Crossfield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Aaron Littlefield (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Cash (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Harger (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kimball Davis (Chairman Of The Board)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matt Lyles (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Hendrix Jr (New Generation)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lifford Luthringer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rich Ezell (Sr Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Justin Sewell (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Hendrix (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Steve Ferren (Executive Vice President)
  • Compensation: $119,220
  • Related: $0
  • Other: $0


Official website here: www.aoma.org

Where can I find the form 990 for Arkansas Oil Marketers Association Inc?

Arkansas Oil Marketers Association Inc's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.aoma.org

Learn more at the official website: www.aoma.org

Mission Statement of Arkansas Oil Marketers Association Inc

Arkansas Oil Marketers Association Inc, a organization dedicated to petroleum marketers, strives to foster a collaborative spirit among its members. Their mission is achieved through several means. Firstly, they work towards securing the enactment of uniform federal and state legislation in the petroleum industry. This ensures a level playing field and prevents unjust discrimination, promoting fairness in all industry-related affairs. Secondly, Arkansas Oil Marketers Association Inc actively works against unfair practice methods within the petroleum industry. By doing so, they aim to protect the rights and interests of their members, fostering a positive and cooperative environment. Overall, the association's mission is to create a harmonious and equitable atmosphere among petroleum marketers, thereby benefiting the entire industry.

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Impact




October, 2024

Arkansas Oil Marketers Association Inc plays a crucial role in enhancing the petroleum marketing industry in Arkansas. By fostering cooperation among petroleum marketers, the association helps create a unified voice to address industry challenges and promote fair practices.

The association actively works to secure the enactment of uniform federal and state legislation, ensuring that petroleum marketers operate under consistent regulations. This effort is vital in preventing unjust discrimination and unfair practices within the industry, thereby protecting the interests of marketers and promoting a level playing field.

Located in Little Rock, Arkansas, the organization focuses on collaboration, allowing its members to share best practices and resources to improve operations and community impact. By emphasizing community improvement, the association contributes to a stronger and more equitable petroleum marketing environment, ultimately benefiting local economies and enhancing the industry's overall integrity.




This information is meant to be a general summary of Arkansas Oil Marketers Association Inc. 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
$443,427 (2022)
Expenses
$456,409 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $1,378
  • Program Service Revenue: $441,100
  • Gross Receipts: $443,427

Assets and Liabilities:

  • Total Assets: $785,470
  • Total Liabilities: $124,156
  • Net Assets: $661,314

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

MEMBER DUES AND ASSESS

Revenue

$169,365

CONVENTION, TS, SEMINA

Revenue

$165,881

INSURANCE REFERRALS

Revenue

$53,607

DECALS

Revenue

$36,607

PUBLICATION ADVERTISIN

Revenue

$12,020

Organization Details

Founding Year

1942

Principal Officer

Steve Ferren

Main Address

PO BOX 229, LITTLE ROCK, AR, 72203

NTEE Category

Code: S41 - Community improvement

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