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Nonprofiteer
← ALABAMA OILMENS INVITATIONAL INC

Form 990 for tax year 2023

Filed by ALABAMA OILMENS INVITATIONAL INC.

Totals

Total revenue
$423,625
Total expenses
$425,034
Contributions and grants received
$0
Grants paid
$12,000
Program service revenue
$423,625
Investment income
$0
Other revenue
$0
Total assets, end of year
$127,540
Total liabilities, end of year
$20,881
Net assets or fund balances, end of year
$106,659
Program services expenses (Part IX)
$425,034
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$425,034

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: ANNUAL GOLF TOURNAMENT

    total $423,625 · related or exempt $423,625

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $12,000 · program services $12,000

  • 12 · Advertising and promotion

    total $3,452 · program services $3,452

  • 24a · Other expenses: EVENT COSTS

    total $402,848 · program services $402,848

  • 24b · Other expenses: BANK CHARGES/CC FEES

    total $3,587 · program services $3,587

  • 24c · Other expenses: INSURANCE

    total $3,147 · program services $3,147

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $76,479 · end of year $81,766

  • 2 · Savings and temporary cash investments

    end of year $8,489

  • 4 · Accounts receivable

    beginning of year $20,550 · end of year $5,000

  • 10a · Land, buildings and equipment: cost or other basis

    $7,828

  • 10c · Land, buildings and equipment, net

    beginning of year $6,340 · end of year $7,828

  • 15 · Other assets

    beginning of year $15,199 · end of year $24,457

  • 17 · Accounts payable and accrued expenses

    end of year $3,631

  • 19 · Deferred revenue

    beginning of year $10,500 · end of year $17,250

  • 27 · Net assets without donor restrictions

    beginning of year $108,068 · end of year $106,659

Mission and programs · 2023

Mission

TO PROMOTE THE OIL AND GAS INDUSTRY AND TO RAISE FUNDS FOR ALLOCATION TO OTHER NONPROFIT ORGANIZATIONS THROUGH AN ANNUAL INVITATIONAL GOLF TOURNAMENT.

  • PROMOTION OF ANNUAL INVITATIONAL GOLF TOURNAMENT HOSTING 600 GOLFERS FOR FELLOWSHIP AND THE PROMOTION OF THE OIL AND GAS INDUSTRY AS WELL AS RAISE FUNDS FOR LOCAL CHARITIES.

    Expenses $425,034 · Grants $12,000 · Revenue $423,625

As filed on the 2023 return.

Listed in Part VII

  • John Boone

    BOARD MEMBER

    Total calculated
    $0

  • Kyle Callaghan

    BOARD MEMBER

    Total calculated
    $0

  • C Michael Dewberry

    TREASURER

    Total calculated
    $0

  • Curt Dykes

    BOARD MEMBER

    Total calculated
    $0

  • Danny Holt

    BOARD MEMBER

    Total calculated
    $0

  • Jeff Kilgore

    BOARD MEMBER

    Total calculated
    $0

  • Henry Man

    BOARD MEMBER

    Total calculated
    $0

  • Matt Moody

    BOARD MEMBER

    Total calculated
    $0

  • Craig Rucker

    BOARD MEMBER

    Total calculated
    $0

  • Jay Stallworth

    BOARD MEMBER

    Total calculated
    $0

  • Brian Thorpe

    CHARIMAN

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.0
Source object
202433199349303413

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