Form 990 for tax year 2024
Filed by ROYALTY OWNERS COALITION OF OKLAHOMA INC.
Totals
- Total revenue
- $533,911
- Total expenses
- $55,629
- Contributions and grants received
- $533,905
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $6
- Other revenue
- $0
- Total assets, end of year
- $678,541
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $678,541
- Program services expenses (Part IX)
- $51,958
- Management and general expenses
- $3,671
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $51,958
Program services were 93.4% 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.
-
1e · Government grants (contributions)
$533,905
-
3 · Investment income
total $6 · excluded $6
-
8c · Net income from fundraising events
total $0
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $48,233 · program services $47,458 · management and general $775
-
12 · Advertising and promotion
total $4,000 · program services $4,000
-
13 · Office expenses
total $1,000 · program services $500 · management and general $500
-
23 · Insurance
total $2,396 · management and general $2,396
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $185,259 · end of year $73,541
-
2 · Savings and temporary cash investments
end of year $600,000
-
4 · Accounts receivable
beginning of year $15,000 · end of year $5,000
-
31 · Retained earnings, endowment or other funds
beginning of year $200,259 · end of year $678,541
Mission and programs · 2024
Mission
Advocate for Mineral Right Owners
-
To develop educational programs to inform its members, legislators, administrative agencies, and the public as to the privileges and obligations of mineral ownership in Oklahoma
Expenses $47,458
-
To educate and promote the petroleum industry from the mineral owners perspective to laypersons, legislators, and administrative agencies.
Expenses $4,500
-
To advocate and lobby for the improvement and protection of the petroleum industry from the mineral owners perspective.
As filed on the 2024 return.
Listed in Part VII
-
Mason Mungle
Chair
- Total calculated
- $0
- Hours/week
- 1
-
Jared Boehs
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Rodd Moesel
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Michael Kelsey
Member
- Total calculated
- $0
- Hours/week
- 1
-
Scott Blubuagh
Vice Chair
- Total calculated
- $0
- Hours/week
- 1
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 15 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202523219349323357
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