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Dallas Petroleum Club

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

EIN: 750224622 ✦ Dallas, TX ✦ Designated as a 501(c)(7)

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Overview

What is Dallas Petroleum Club?

The Dallas Petroleum Club, established in 1934, has transformed from an exclusive network of prominent oil industry figures into a distinguished private city club. Initially serving as a fraternity, the club has since elevated its status to become one of the finest in the country. Its primary focus remains on social activities, providing an exclusive platform for networking and camaraderie.


Official website here: www.dallaspetroleumclub.com

Is Dallas Petroleum Club legitimate?

Dallas Petroleum Club is a legitimate nonprofit organization registered as a 501(c)(7) entity. Dallas Petroleum Club 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: $947,993
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,370,347

For more financial information, click here


Official website here: www.dallaspetroleumclub.com

What is the mission statement of Dallas Petroleum Club?

The Dallas Petroleum Club, established in 1934, has transformed from an exclusive association of prominent oil industry figures into one of the most distinguished private city clubs in the country. Its mission, over the years, has shifted to encompass more than just the oil industry. The club now provides a high-end social environment for its members, offering a range of amenities and opportunities for networking and socializing. The Dallas Petroleum Club continues to uphold its reputation as one of the finest private city clubs in the United States.


Official website here: www.dallaspetroleumclub.com

Who is the CEO of Dallas Petroleum Club?

Paul Parchment is the Secretary of Dallas Petroleum Club.


Official website here: www.dallaspetroleumclub.com

What is the revenue of Dallas Petroleum Club?

Dallas Petroleum Club's revenue in 2022 was $5,765,986.


Official website here: www.dallaspetroleumclub.com

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

The average compensation at Dallas Petroleum Club during 2022 was $28,979. There are 80 employees at Dallas Petroleum Club.


Here are 17 key members and their salaries:


John A Clark (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jon Dormer (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ch Rees Iii (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
J Holt Foster Iii (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jimmy Crain (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Thomas W Lett Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nathan Mcgough (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian J Petet (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mark Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Catrino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Garberding (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kyle Irons (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Parchment (General Manager)
  • Compensation: $499,900
  • Related: $0
  • Other: $19,380
Masoud Farzad (Club House Manager)
  • Compensation: $168,500
  • Related: $0
  • Other: $27,240
Catarina Cejudo (Director Of Accounting)
  • Compensation: $178,202
  • Related: $0
  • Other: $16,091
Jesus Campos (Executive Chef)
  • Compensation: $163,788
  • Related: $0
  • Other: $20,988
Barbara Johnston (Membership Director)
  • Compensation: $151,168
  • Related: $0
  • Other: $37,065


Official website here: www.dallaspetroleumclub.com

Where can I find the form 990 for Dallas Petroleum Club?

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


Official website here: www.dallaspetroleumclub.com

Learn more at the official website: www.dallaspetroleumclub.com

Mission Statement of Dallas Petroleum Club

The Dallas Petroleum Club, established in 1934, has undergone a significant transformation from its initial origins as a fellowship of influential oil industry figures. Today, it ranks amongst the most prestigious private city clubs in the nation. Originating as a fraternity of prominent oil men, the Dallas Petroleum Club has since expanded its scope and membership, becoming a distinguished social club that caters to a wide array of individuals.

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Impact




October, 2024

The Dallas Petroleum Club has significantly impacted the local community and the oil industry by fostering networking and collaboration among professionals. Established in 1934, it has transitioned from a fraternity of leading oil executives to a distinguished private city club, serving as a hub for influential conversations and partnerships. The club's environment promotes social interaction and professional development, allowing members to share insights, innovate, and drive progress within the energy sector. By cultivating relationships among industry leaders, the Dallas Petroleum Club enhances the city's reputation as a pivotal center for oil and gas, contributing to both economic growth and the sharing of industry knowledge.




This information is meant to be a general summary of Dallas Petroleum Club. 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
$5,765,986 (2022)
Expenses
$5,163,336 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $33,330
  • Program Service Revenue: $3,767,773
  • Gross Receipts: $6,842,118

Assets and Liabilities:

  • Total Assets: $8,413,578
  • Total Liabilities: $1,579,970
  • Net Assets: $6,833,608

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Programs

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

MEMBERSHIP DUES AND ASSESSMENTS

Revenue

$3,359,319

OTHER SERVICE REVENUE

Revenue

$408,454

Organization Details

Founding Year

1934

Principal Officer

Paul Parchment

Main Address

1900 N AKARD STREET 1400, DALLAS, TX, 75201

NTEE Category

Code: N50 - Recreation

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