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Petroleum Club Of Lafayette Inc

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

EIN: 720455265 ✦ Lafayette, LA ✦ Designated as a 501(c)(7)

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Overview

What is Petroleum Club Of Lafayette Inc?

Petroleum Club of Lafayette Inc is a nonprofit organization that serves as a social hub, offering a space for relaxation and pleasure. The organization, led by Ted Hoyt, is dedicated to creating a congenial atmosphere for its members. Although the description does not provide specific details about the club's activities or the population it serves, it is clear that its primary purpose is to foster social interaction and enjoyment.

Is Petroleum Club Of Lafayette Inc legitimate?

Petroleum Club Of Lafayette Inc is a legitimate nonprofit organization registered as a 501(c)(7) entity. Petroleum Club Of Lafayette 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $693,001

For more financial information, click here

What is the mission statement of Petroleum Club Of Lafayette Inc?

The Petroleum Club of Lafayette Inc. serves as a recreational, pleasure, or social club, striving to offer a congenial setting for its members. The organization's main objective is to foster a social environment for its patrons. While the specifics of the club's activities and initiatives are not provided, it can be inferred that the Petroleum Club of Lafayette Inc. aims to provide a space where individuals can engage in leisure and social activities. It is important to note that the information provided does not include details about the specific goals or objectives beyond the provision of a social environment.

Who is the CEO of Petroleum Club Of Lafayette Inc?

Deke Dekerlegand is the President of Petroleum Club Of Lafayette Inc.

What is the revenue of Petroleum Club Of Lafayette Inc?

Petroleum Club Of Lafayette Inc's revenue in 2023 was $1,665,411.

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

The average compensation at Petroleum Club Of Lafayette Inc during 2023 was $7,295. There are 95 employees at Petroleum Club Of Lafayette Inc.


Here are 2 key members and their salaries:


Deke Dekerlegand (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
See Attached Schedule (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Petroleum Club Of Lafayette Inc?

Petroleum Club Of Lafayette Inc's most recent form 990 was submitted in 2023 and can be accessed here.

Mission Statement of Petroleum Club Of Lafayette Inc

The Petroleum Club of Lafayette Inc, led by Ted Hoyt, functions as a recreational, pleasure, or social club with the primary objective of creating a congenial atmosphere for its members. This nonprofit organization's mission is centered around providing a social space where individuals can unwind and engage in leisure activities. The club's operations are guided by the goal of fostering a sense of camaraderie and relaxation among its members.

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Impact




October, 2024

The Petroleum Club of Lafayette Inc plays a significant role in fostering community engagement and social interaction within Lafayette, Louisiana. As a recreational and social club, it creates an inviting atmosphere where individuals can connect, network, and build relationships in a relaxed setting. The club's activities promote a sense of belonging and camaraderie among its members, making it a vital part of the local social fabric.

By providing a dedicated space for social gatherings, events, and recreational activities, the Petroleum Club enhances the quality of life for individuals in the area. It serves as a venue for personal and professional networking opportunities, which can contribute to local economic growth by bringing together diverse groups of people.

The club is guided by its mission to cultivate a social environment, elevating the community's recreational offerings. Under the leadership of Ted Hoyt, the Petroleum Club of Lafayette not only enriches the lives of its members but also supports local initiatives and creates a platform for cultural exchange and collaboration among various community stakeholders. Through these efforts, it has a lasting impact on the social landscape of Lafayette.




This information is meant to be a general summary of Petroleum Club Of Lafayette 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
$1,665,411 (2023)
2011201220132014201520162017201820192020202120222023$0$850k$1.7M$2.55M$3.4M
Expenses
$1,769,652 (2023)
2011201220132014201520162017201820192020202120222023$0$800k$1.6M$2.4M$3.2M
Efficiency
20112012201320142015201620172018201920202021202220230%15%30%54%

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,296
  • Gross Receipts: $2,364,547

Assets and Liabilities:

  • Total Assets: $4,049,315
  • Total Liabilities: $1,152,124
  • Net Assets: $2,897,191

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Organization Details

Founding Year

1953

Principal Officer

Deke Dekerlegand

Main Address

PO BOX 51251, LAFAYETTE, LA, 70505

NTEE Category

Code: N50 - Recreation

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