Petroleum Equipment Contracters Association Inc in Sparta, New Jersey (NJ)

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Petroleum Equipment Contracters Association Inc
Employer Identification Number (EIN)521676025
Name of OrganizationPetroleum Equipment Contracters Association Inc
AddressPO BOX 1502, Sparta, NJ 07871-5502
ActivitiesBusiness promotion (chamber of commerce, business league, etc.)
SubsectionBusiness League
Ruling Date04/1990
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period02/2014
Assets$25,000 to $99,999
Income$25,000 to $99,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$50,332
Amount of Income$73,865
Form 990 Revenue Amount$66,629
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Promotion of Business


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Amount of income in 2014: $73,865 (it was $88,914 in 2013)
This organization: 

 $73,865
Other organizations performing similar types of work: 

 $180,052

Assets in 2014: $50,332 (it was $44,136 in 2013)
Petroleum Equipment Contracters Association Inc: 

 $50,332
Other organizations performing similar types of work: 

 $162,128

Expenses in 2014: $60,568
This organization: 

 $60,568
Other organizations performing similar types of work: 

 $157,385

Income to expenses ratio in 2014: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.1

Grants share in income in 2014: 0.0%
Petroleum Equipment Contracters Association Inc: 

 0.0%
Other organizations performing similar types of work: 

 5.2%

Financial snapshot ($)

Revenue for 2014

Revenue, Expenses, and Changes in Net Assets or Fund Balances
201220132014
Total revenue$58,824$81,099$66,629
Contributions, gifts, grants, and similar amounts received$0$0$0
Program service revenue including government fees and contracts$12,930$30,690$18,270
Membership dues and assessments$37,475$33,575$34,125
Investment income$0$0$0
Gain/Loss from sale of assets other than inventory$0$0$0
Net income/loss from gaming and fundraising events$2,168$9,720$9,824
Gross income from gaming$0$0$0
Gross income from fundraising events$16,670$17,535$17,060
Less: direct expenses from gaming and fundraising events$14,502$7,815$7,236
Gross profit/loss from sales of inventory$0$0$0
Other revenue$6,251$7,114$4,410
Total expenses$56,162$82,986$60,568
Total net assets$46,023$44,136$50,197
Excess/Deficit for the year$2,662$-1,887$6,061
Net assets or fund balances at beginning of year$43,361$46,023$44,136
Other changes in net assets or fund balances$0$0$0
Net assets or fund balances at end of year$44,136$50,197
Balance Sheets
201220132014
Total assets$46,023$44,136$50,332
Total liabilities$0$0$135
Net assets or fund balances$46,023$44,136$50,197
Other Information
201220132014
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities$0$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2014)
The organization is not a private foundation because it is:Not provided
Number of organizations supported0
Sum of amounts of support$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Gs1 Us Inc1009 Lenox Dr Ste 202, Lawrenceville, NJ 08648-2321NJ1976-07$134,472,883
2Public Relations Society Of America Inc, New York Chapter373 Rt 46 W E-21, Fairfield, NJ 07004NJ1954-05$249,536
3Toy Industry Foundation1115 Broadway Ste 400, New York, NY 10010-3466NY1964-05$20,101,942
4Salesmanship Club Of Dallas106 East 10th Street Suite 200, Dallas, TX 75203-2236TX1932-09$11,816,023
5Salesmanship Club Youth And Family Centers Inc106 East 10th Street Suite 200, Dallas, TX 75203-2236TX1932-09$11,362,324
6Southeast Cement Association Inc, A Domestic Nonprofit Corporation175 Gwinnett Dr Ste 330, Lawrenceville, GA 30045-8461GA1988-08$5,306,742
7South Bronx Head Start Program Board490 E 143rd St, Bronx, NY 10454-1306NY1994-05$2,195,354
8The Houston Tscpa Foundation, Houston Cpe777 Post Oak Blvd, Houston, TX 77056-3204TX1978-08$2,061,653
9The Moles577 Chestnut Ridge Rd, Woodcliff Lake, NJ 07677-8409NJ1957-08$1,189,550
10Fps-The International Organization For Fluid Pwr & Motion Cont ProfPO BOX 1420, Cherry Hill, NJ 08034-0054NJ1982-03$804,375
11Camden County Workforce Investment Board Inc1111 Marlkress Rd, Cherry Hill, NJ 08003-2334NJ1990-08$626,985
12Sussex County Chamber Of Commerce120 Hampton House Road, Newton, NJ 07860NJ1988-04$565,385
13Hudson County Chamber Of Commerce & Industry857 Bergen Ave, Jersey City, NJ 07306-4405NJ1985-04$553,753
14Association Of Women In The Metal Industries Inc19 Mantua Rd, Mount Royal, NJ 08061-1006NJ1997-11$373,998
15Chamber Of Commerce Of Greater Vineland2115 S Delsea Dr, Vineland, NJ 08360-7077NJ1978-02$239,119
16Meeting Professionals International, New Jersey9 Brownstone Way, Englewood, NJ 07631-1213NJ1981-05$188,829
17North Essex Chamber Of Commerce1120 Bloomfield Ave Ste 106a, West Caldwell, NJ 07006-7131NJ1987-05$132,084
18Paramus Chamber Of Commerce IncPO BOX 325, Paramus, NJ 07653-0325NJ1984-08$87,302
19Court House Associates Inc217 North Main Street Suite 202, Cape May Court House, NJ 08210NJ1990-11$0
20New Jersey Veterinary Technicians And Assistants Inc69 Linwood Terrace, Clifton, NJ 07012NJ1992-03$0
Number of organizations performing similar types of work
Alaska2
Alabama5
Arkansas6
Arizona5
California55
Colorado7
Connecticut18
District of Columbia12
Delaware2
Florida24
Georgia18
Hawaii1
Iowa11
Idaho2
Illinois27
Indiana11
Kansas8
Kentucky4
Louisiana4
Massachusetts25
Maryland15
Maine10
Michigan12
Minnesota16
Missouri22
Mississippi8
Montana3
North Carolina22
North Dakota2
Nebraska4
New Hampshire3
New Jersey20
New Mexico2
Nevada2
New York74
Ohio19
Oklahoma9
Oregon4
Pennsylvania15
Rhode Island7
South Carolina6
South Dakota2
Tennessee9
Texas32
Utah3
Virginia22
Vermont3
Washington6
Wisconsin22
West Virginia1
Wyoming1
International1
Total624

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