Overview
What is National Assoc Of Royalty Owners Inc?
National Assoc of Royalty Owners Inc is a nonprofit organization located in Tulsa, Oklahoma. Its primary mission is to foster a collective economic interest among royalty owners related to the discovery, development, production, and utilization of oil, gas, and other minerals. The association actively works on promoting energy conservation and aims to educate its members and the public about this matter. With a modest workforce of five individuals, National Assoc of Royalty Owners Inc strives to provide valuable information to its members and the community at large.
Official website here: www.naro-us.org
What do the Facebook reviews say about National Assoc Of Royalty Owners Inc?
100% of 6 reviewers on Facebook recommend the National Association of Royalty Owners Inc. Here is a summary of their reviews:
The positive sentiment surrounding this nonprofit highlights the valuable networking opportunities it provides for individuals facing similar challenges. Reviewers appreciate the sense of community and support that fosters discussion and collaboration.
Overall, the organization is recognized for its commitment to addressing the concerns of royalty owners and creating a space where they can connect and share insights effectively.
This AI summary has been generated from reviews found on Facebook.
Is National Assoc Of Royalty Owners Inc legitimate?
National Assoc Of Royalty Owners Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. National Assoc Of Royalty Owners 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: $83,960
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,940
For more financial information, click here
Official website here: www.naro-us.org
What is the mission statement of National Assoc Of Royalty Owners Inc?
The National Assoc of Royalty Owners Inc is dedicated to promoting the common economic interests of individuals who own royalties from the discovery, development, production, and use of oil, gas, and other minerals. One of their key objectives is to develop and disseminate information to their members and the public about energy conservation. Their mission also involves advocating for the economic wellbeing of royalty owners in these sectors.
Official website here: www.naro-us.org
Who is the CEO of National Assoc Of Royalty Owners Inc?
Jon Corkern is the Executive Director of National Assoc Of Royalty Owners Inc.
Official website here: www.naro-us.org
What is the revenue of National Assoc Of Royalty Owners Inc?
National Assoc Of Royalty Owners Inc's revenue in 2022 was $389,352.
Official website here: www.naro-us.org
Who are the executives of National Assoc Of Royalty Owners Inc and what are their salaries?
The average compensation at National Assoc Of Royalty Owners Inc during 2022 was $33,180. There are 5 employees at National Assoc Of Royalty Owners Inc.
Here are 21 key members and their salaries:
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Official website here: www.naro-us.org
Where can I find the form 990 for National Assoc Of Royalty Owners Inc?
National Assoc Of Royalty Owners Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.naro-us.org
Learn more at the official website: www.naro-us.org
Mission Statement of National Assoc Of Royalty Owners Inc
The National Association of Royalty Owners Inc is devoted to fostering a shared economic interest among its members and the public, primarily in relation to the exploration, development, production, and utilization of oil, gas, and other minerals. This organization also prioritizes the dissemination of information to its members and the public concerning the conservation of energy. In simpler terms, the National Association of Royalty Owners Inc works to unite individuals with an interest in the extraction and utilization of fossil fuels, while simultaneously advocating for energy conservation.
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Impact
October, 2024
National Association of Royalty Owners Inc (NARO) plays a crucial role in advocating for the interests of royalty owners in the oil, gas, and minerals sectors. By promoting common economic interests, NARO empowers individuals to navigate the complexities of mineral rights, ensuring they are informed about the discovery, development, and production processes.
The organization is dedicated to providing valuable information and resources that enhance the understanding of energy conservation. This is important not only for royalty owners but also for the broader public, as it fosters a sense of responsibility towards sustainable energy practices. NARO's efforts contribute to the economic well-being of its members by helping them maximize the benefits of their mineral rights while encouraging environmentally conscious practices.
Through its educational initiatives and advocacy work, NARO strengthens the voice of royalty owners, ensuring they are represented in discussions that affect their livelihoods and the responsible use of natural resources. Overall, NARO's impact extends beyond its members, influencing industry practices and promoting energy conservation for the benefit of society as a whole.
This information is meant to be a general summary of National Assoc Of Royalty Owners 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $310,810
- Gross Receipts: $465,926
Assets and Liabilities:
- Total Assets: $251,149
- Total Liabilities: $25,667
- Net Assets: $225,482
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEMBERSHIP DUES
Revenue
$274,420
OTHER INCOME
Revenue
$36,390
Organization Details
Founding Year
2002
Phone
(918) 664-5573Principal Officer
Jon Corkern
Main Address
7030 S YALE AVE, TULSA, OK, 74136
Website
www.naro-us.orgIf you are a representative of National Assoc Of Royalty Owners Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.