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Nonprofiteer
← PETROLEUM MARKETERS OF IOWA

Form 990 for tax year 2024

Filed by PETROLEUM MARKETERS OF IOWA.

Totals

Total revenue
$1,664,501
Total expenses
$1,577,718
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$922,145
Investment income
$254,134
Other revenue
$488,222
Total assets, end of year
$3,670,028
Total liabilities, end of year
$608,928
Net assets or fund balances, end of year
$3,061,100
Program services expenses (Part IX)
$1,232,006
Management and general expenses
$345,712
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 78.1% 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: EVENT REGISTRATION & SPONSOR

    total $416,018 · related or exempt $416,018

  • 2b · Program service revenue: ACTIVE MEMBERSHIP DUES

    total $245,072 · related or exempt $245,072

  • 2c · Program service revenue: ASSOCIATE MEMBERSHIP DUES

    total $92,864 · related or exempt $92,864

  • 2d · Program service revenue: NEWSLETTER

    total $85,808 · related or exempt $8,283 · unrelated business $77,525

  • 2e · Program service revenue: MEMBER SERVICE PROGRAMS - UBI

    total $82,383 · unrelated business $82,383

  • 3 · Investment income

    total $254,134 · excluded $254,134

  • 5 · Royalties

    total $239,148 · excluded $239,148

  • 11a · Other revenue: ENDORSEMENT INCOME - UBI

    total $135,959 · unrelated business $135,959

  • 11b · Other revenue: ADMINISTRATIVE - UBI

    total $95,851 · unrelated business $95,851

  • 11c · Other revenue: ADMINISTRATIVE

    total $15,000 · related or exempt $15,000

  • 11d · All other revenue

    total $2,264 · related or exempt $2,264

  • 11e · Other revenue, total

    $249,074

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $277,841 · program services $180,597 · management and general $97,244

  • 7 · Other salaries and wages

    total $396,414 · program services $350,589 · management and general $45,825

  • 8 · Pension plan contributions

    total $39,583 · program services $34,572 · management and general $5,011

  • 9 · Other employee benefits

    total $52,171 · program services $43,800 · management and general $8,371

  • 10 · Payroll taxes

    total $54,481 · program services $43,040 · management and general $11,441

  • 11b · Fees: legal

    total $32,965 · program services $14,410 · management and general $18,555

  • 11c · Fees: accounting

    total $74,020 · program services $54,000 · management and general $20,020

  • 11d · Fees: lobbying

    total $96,935 · program services $96,935

  • 11f · Fees: investment management

    total $10,747 · management and general $10,747

  • 12 · Advertising and promotion

    total $50,484 · program services $50,484

  • 13 · Office expenses

    total $33,665 · program services $26,595 · management and general $7,070

  • 14 · Information technology

    total $3,661 · program services $2,892 · management and general $769

  • 16 · Occupancy

    total $66,571 · program services $52,591 · management and general $13,980

  • 17 · Travel

    total $12,573 · program services $12,573

  • 19 · Conferences, conventions and meetings

    total $155,437 · program services $129,659 · management and general $25,778

  • 21 · Payments to affiliates

    total $36,338 · program services $36,338

  • 22 · Depreciation, depletion and amortization

    total $2,568 · program services $2,029 · management and general $539

  • 23 · Insurance

    total $19,393 · program services $8,241 · management and general $11,152

  • 24a · Other expenses: UBI TAXES

    total $21,718 · management and general $21,718

  • 24b · Other expenses: SERVICES EXPENSES

    total $46,561 · program services $46,561

  • 24c · Other expenses: STRATEGIC INITIATIVES EXP

    total $43,749 · management and general $43,749

  • 24d · Other expenses: READERSHIP COSTS

    total $24,654 · program services $24,654

  • 24e · All other expenses

    total $25,189 · program services $21,446 · management and general $3,743

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $217,509 · end of year $200,087

  • 2 · Savings and temporary cash investments

    beginning of year $308,456 · end of year $554,903

  • 4 · Accounts receivable

    beginning of year $209,235 · end of year $93,410

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,314 · end of year $15,401

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

    $179,809

  • 10b · Land, buildings and equipment: accumulated depreciation

    $172,105

  • 10c · Land, buildings and equipment, net

    beginning of year $10,272 · end of year $7,704

  • 11 · Investments: publicly traded securities

    beginning of year $2,155,269 · end of year $2,479,498

  • 12 · Investments: other securities

    beginning of year $500 · end of year $500

  • 15 · Other assets

    beginning of year $128,456 · end of year $318,525

  • 17 · Accounts payable and accrued expenses

    beginning of year $117,295 · end of year $278,120

  • 19 · Deferred revenue

    beginning of year $2,200 · end of year $5,800

  • 25 · Other liabilities

    beginning of year $123,059 · end of year $325,008

  • 27 · Net assets without donor restrictions

    beginning of year $2,806,457 · end of year $3,061,100

Mission and programs · 2024

Mission

THE PURPOSES FOR WHICH THIS ORGANIZATION IS FORMED ARE: 1. TO PROMOTE THE INTEREST AND WELFARE OF THOSE MEMBERS ENGAGED IN THE MARKETING, DISTRIBUTION, MANUFACTURING OR BROKERING OF MOTOR FUEL, HEATING FUEL OR ALTERNATIVE FUEL ENERGY, RETAIL CONVENIENCE STORE OR VEHICLE PRODUCTS AND SERVICES AND TO FOSTER A SPIRIT OF FRIENDLY COOPERATION BETWEEN AND AMONG THE REFINERS, SUPPLIERS, MARKETERS, DISTRIBUTORS, CUSTOMERS AND OTHER SEGMENTS OF THESE INDUSTRIES IN IOWA; 2. TO RAISE THE PROFESSIONAL STANDARDS OF THE FUEL MARKETING, CONVENIENCE STORE AND VEHICLE RELATED INDUSTRIES; 3. TO PROMOTE AND ENCOURAGE SOUND AND ECONOMIC TRADE PRACTICES WITHIN THE FUEL MARKETING, CONVENIENCE STORE AND VEHICLE RELATED INDUSTRIES; 4. TO REPRESENT THE INTERESTS OF FUEL MARKETING, CONVENIENCE STORE OR VEHICLE PRODUCT AND SERVICE RELATED OPERATORS WITH LOCAL, STATE AND FEDERAL GOVERNMENT; 5. TO FOSTER THE PROGRESS OF THE FUEL MARKETING, CONVENIENCE AND VEHICLE RELATED INDUSTRIES THROUGH COOPERATION WITH SIMILAR

Activities or mission (Part I)

TO REPRESENT IOWA'S FUEL INDUSTRY BY ADVOCATING FOR INNOVATIVE AND QUALITY FUEL OPTIONS, CONSUMER AND ENVIRONMENTAL PROTECTION, AND FAIRNESS IN THE MARKETPLACE.

  • EDUCATE AND ADVOCATE ON BEHALF OF MEMBERS - COMMUNICATE CRITICAL INFORMATION TO MEMBERS FREQUENTLY, AND PROVIDE BEST IN CLASS EXPERIENCES AND SOLUTIONS ON REGULATORY AND LEGISLATIVE HAPPENINGS. EDUCATING POLICYMAKERS AND THE PUBLIC ON POLICY ISSUES RELEVANT TO MEMBERS.

  • PUBLICATION OF TRADE MAGAZINES DISTRIBUTED TO MEMBERS. COPIES ARE ALSO DISTRIBUTED AT NO CHARGE TO NON MEMBERS, SUCH AS TRADE ORGANIZATIONS IN OTHER STATES.

  • CONVENTION, TRADE SHOW AND MEETINGS - MEMBERS ATTEND THE MEETINGS TO ELECT OFFICERS, REPORT ON PRIOR YEARS ACTIVITIES AND DISCUSS CURRENT PLANS.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Reo Menning

    FORMER EXEC.

    Total calculated
    $232,590
    From this org
    $0
    From related orgs
    $193,347
    Other
    $39,243

    Schedule J breakdown matched by us

    Base
    not reported + $175,847 related
    Bonus
    not reported + $17,500 related
    Other
    not reported
    Deferred
    not reported + $26,923 related
    Nontaxable benefits
    not reported + $12,320 related
    Filer's total
    not reported + $232,590 related
  • Gary Koerner

    CEO

    Total calculated
    $231,652
    From this org
    $191,024
    From related orgs
    $0
    Other
    $40,628
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $166,610
    Bonus
    $24,414
    Other
    not reported
    Deferred
    $24,034
    Nontaxable benefits
    $16,594
    Filer's total
    $231,652
  • Ronald N Langston Left May 2024

    FORMER PRES.

    Total calculated
    $229,227
    From this org
    $210,362
    From related orgs
    $0
    Other
    $18,865
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $69,862
    Bonus
    not reported
    Other
    $140,500
    Deferred
    $17,092
    Nontaxable benefits
    $1,773
    Filer's total
    $229,227
  • John Maynes

    PRES, GOV'T.

    Total calculated
    $221,527
    From this org
    $166,547
    From related orgs
    $0
    Other
    $54,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $153,584
    Bonus
    $12,963
    Other
    not reported
    Deferred
    $35,683
    Nontaxable benefits
    $19,297
    Filer's total
    $221,527
  • James Ewing

    DIR, MEMBERS

    Total calculated
    $144,111
    From this org
    $104,952
    From related orgs
    $0
    Other
    $39,159
    Hours/week
    40
  • Brian Beers

    PROJECT MANA

    Total calculated
    $143,727
    From this org
    $0
    From related orgs
    $112,969
    Other
    $30,758
  • Chad Besch

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Don Burd

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Dennis Jaeger

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Brett Kimmes

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Scott Moore

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Dave Reif

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Scott Richardson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Nate Stumpf

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Wade Fowler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Cara Ingle

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Ed Rogers

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Chris Biellier Left December 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Tia Eischeid Left December 2024

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25
  • Tessa Fahey Anderson

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25
  • Nate Lincoln

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25
  • Jason Stauffer

    TREASURER

    Total calculated
    $0
    Hours/week
    0.25
  • Keith Olsen

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    0.25

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4
RONALD N. LANGSTON (LEFT MAY 2024) 140,500 0 0
SCHEDULE J, PART III
PART I, LINE 3: THE CEO IS COMPENSATED BASED ON A WRITTEN EMPLOYMENT AGREEMENT DEVELOPED BY THE RELATED ORGANIZATION'S BOARD OF DIRECTORS. PART 1, LINE 4A: RONALD LANGSTON, FORMER PRESIDENT AND CEO, RECEIVED A SEVERANCE PAYMENT OF 140,500 (9 MONTHS OF HIS PAY WHILE EMPLOYED WITH FUELIOWA) AS PART OF A SEVERANCE AGREEMENT VOLUNTARILY ENTERED INTO ON AUGUST 3, 2024. BOTH PARTIES MUTUALLY AGREED THAT RONALD WOULD RETIRE AND SEPARATE FROM HIS EMPLOYMENT AND CEASE ALL SERVICES. THE PAYMENT WAS APPROVED BY THE APPROPRIATE GOVERNING BODY IN ACCORDANCE WITH THE ORGANIZATION'S COMPENSATION AND SEVERANCE POLICIES.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • IOWA BENEFIT ADMINISTRATORS LLC

    PLAN ADMIN · IA · income -$1,288 · assets $7,469

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RINALLIANCE INC

    C CORP · COMPLIANCE · IA · 100% owned · share of income $494,363 · share of assets $4,248,676 · controlled entity

    Directly controlled by FUELIOWA

Provenance

Return type
form_990
Tax year
2024
Filed
3 November 2025
IRS schema version
2024v5.0
Source object
202533099349302533

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