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Nonprofiteer
← VIRGINIA PROPANE RESEARCH & EDUCATION FOUNDATION

Form 990 for tax year 2023

Filed by VIRGINIA PROPANE RESEARCH & EDUCATION FOUNDATION.

Totals

Total revenue
$343,868
Total expenses
$343,868
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$343,868
Investment income
$0
Other revenue
$0
Total assets, end of year
$169,999
Total liabilities, end of year
$172,285
Net assets or fund balances, end of year
-$2,286
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% 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: MARKET DEV & SAFETY EDUCATION

    total $343,868 · related or exempt $343,868

Functional expenses

Part IX, the statement of functional expenses.

  • 11a · Fees: management

    total $30,349

  • 11c · Fees: accounting

    total $6,750

  • 11g · Fees: other

    total $129,524

  • 13 · Office expenses

    total $6,615

  • 17 · Travel

    total $13,102

  • 19 · Conferences, conventions and meetings

    total $4,426

  • 23 · Insurance

    total $1,776

  • 24a · Other expenses: REBATES

    total $150,600

  • 24b · Other expenses: LEADERSHIP SUMMIT

    total $726

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,587 · end of year $139,632

  • 4 · Accounts receivable

    beginning of year $19,648 · end of year $30,367

  • 17 · Accounts payable and accrued expenses

    beginning of year $72,428 · end of year $99,172

  • 19 · Deferred revenue

    beginning of year $2,706 · end of year $39,781

  • 25 · Other liabilities

    beginning of year $17,387 · end of year $33,332

  • 27 · Net assets without donor restrictions

    beginning of year -$2,286 · end of year -$2,286

Mission and programs · 2023

Mission

VIRGINIA PROPANE RESEARCH & EDUCATIONAL FOUNDATION IS A NONPROFIT FOUNDATION WHOSE MAIN PURPOSE IS TO DEVELOP EDUCATIONAL,RESEARCH, AND MARKETING PROGRAMS TO PROMOTE THE PROPANE GAS INDUSTRY IN THE STATE OF VIRGINIA. THE OBJECTIVES OF THE FOUNDATION SHALL BE TO PERFORM THE FOLLOWING: EDUCATE TO PROVIDE INFORMATION ON PROPANE, PROPANE USE EQUIPMENT, MECHANICAL AND TECHNICAL PRACTICES AND PROPANE USES TO CONSUMERS, INDUSTRY EMPLOYEES AND THE PUBLIC IN GENERAL; DEVELOP PROPANE MARKETING WHICH PRESENTS POSITIVE INFORMATION ABOUT PROPANE TO THE PUBLIC INCLUDING PAID PROMOTIONAL ADVERTISING; CONDUCT RESEARCH OR ANY TYPE OF STUDY, INVESTIGATION OR OTHER ACTIVITY DESIGNED TO ADVANCE THE IMAGE, DESIRABILITY, USAGE, MARKETABILITY, EFFICIENCY, AND SAFETY OF PROPANE AND PROPANE USE EQUIPMENT AND TO FURTHER THE DEVELOPMENT OF SUCH INFORMATION AND PRODUCTS; AND COLLECT FUNDS AND ADMINISTER SCHOLARSHIPS WHICH FOSTER INCREASED EDUCATION.

  • THE FOUNDATION PROVIDES CERTIFIED STATEWIDE SAFETY AND TRAINING OF THE SAFE HANDLING AND UTILIZATION OF PROPANE GAS AS AN ALTERNATIVE, RELIABLE ENERGY SOURCE. THESE PROGRAMS INCLUDE FIRE TRAINING, EXTERNAL SAFETY FOR HAZARDOUS MATERIAL TEAMS, GENERAL CONSUMER SAFETY, AND SAFE INSTALLATION PROCEDURES FOR APPLIANCES UTILIZING PROPANE GAS.

  • THE FOUNDATION PROMOTES THE DEVELOPMENT OF THE PROPANE INDUSTRY BY PROVIDING APPLIANCE, MOWER AND VEHICLE REBATES AS WELL AS OTHER ACTIVITIES AIMED AT INCREASING THE USE OF PROPANE GAS.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Taylor Sutton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1.4 related

  • Jamison Walker

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1.4 related

  • Stephanie Richards

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1.4 related

  • Tim Carlson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.4 related

  • Mike Williams

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5 + 1.4 related

  • Zach Eisenman

    EXECUTIVE DI

    Total calculated
    $0
    Hours/week
    2 + 4 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202413209349321041

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