Form 990 for tax year 2022
Filed by PROPANE EDUCATION & RESEARCH COUNCIL INC.
Totals
- Total revenue
- $41,226,095
- Total expenses
- $42,290,884
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $40,243,221
- Investment income
- $1,049,081
- Other revenue
- -$66,207
- Total assets, end of year
- $64,670,257
- Total liabilities, end of year
- $18,908,297
- Net assets or fund balances, end of year
- $45,761,960
- Program services expenses (Part IX)
- not reported
- Management and general expenses
- not reported
- Fundraising expenses
- not reported
- Program service expenses (Part III)
- not reported
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: ASSESSMENT REVENUE
total $39,218,266 · related or exempt $39,218,266
-
2b · Program service revenue: STATE ORG REVENUE
total $1,015,064 · related or exempt $1,015,064
-
2c · Program service revenue: EVENT REGISTRATION
total $9,891 · related or exempt $9,891
-
3 · Investment income
total $1,048,885 · excluded $1,048,885
-
6a · Gross rents
real property $231,206
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $231,206
-
6d · Net rental income or loss
total $231,206 · excluded $231,206
-
7a · Gross sales of assets other than inventory
securities $47,254,418
-
7b · Less cost or other basis and sales expenses
securities $47,254,222
-
7c · Gain or loss
securities $196
-
7d · Net gain or loss
total $196 · excluded $196
-
10a · Gross sales of inventory
$1,265,942
-
10b · Cost of goods sold
$1,623,263
-
10c · Net income from sales of inventory
total -$357,321 · related or exempt -$357,321
-
11a · Other revenue: MISCELLANEOUS
total $59,908 · excluded $59,908
-
11e · Other revenue, total
$59,908
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $3,936,430
-
7 · Other salaries and wages
total $1,622,331
-
8 · Pension plan contributions
total $86,624
-
9 · Other employee benefits
total $242,615
-
10 · Payroll taxes
total $361,075
-
11b · Fees: legal
total $8,969
-
11c · Fees: accounting
total $428,892
-
11g · Fees: other
total $26,447,593
-
13 · Office expenses
total $529,105
-
14 · Information technology
total $4,672,868
-
16 · Occupancy
total $469,764
-
17 · Travel
total $1,245,344
-
19 · Conferences, conventions and meetings
total $1,167,196
-
22 · Depreciation, depletion and amortization
total $519,067
-
23 · Insurance
total $131,310
-
24a · Other expenses: DUES & SUBSCRIPTIONS
total $359,017
-
24b · Other expenses: BANK AND PAYROLL FEES
total $33,019
-
24c · Other expenses: PROFESSIONAL DEVELOPMEN
total $21,490
-
24d · Other expenses: TAXES AND LICENSES
total $384
-
24e · All other expenses
total $7,791
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $34,288,864 · end of year $6,664,930
-
4 · Accounts receivable
beginning of year $6,957,733 · end of year $7,089,167
-
8 · Inventories for sale or use
beginning of year $510,351 · end of year $582,722
-
9 · Prepaid expenses and deferred charges
beginning of year $432,162 · end of year $684,337
-
10a · Land, buildings and equipment: cost or other basis
$5,366,900
-
10b · Land, buildings and equipment: accumulated depreciation
$5,331,108
-
10c · Land, buildings and equipment, net
beginning of year $54,859 · end of year $35,792
-
11 · Investments: publicly traded securities
beginning of year $25,291,726 · end of year $48,290,118
-
14 · Intangible assets
beginning of year $500,000
-
15 · Other assets
beginning of year $147,722 · end of year $1,323,191
-
17 · Accounts payable and accrued expenses
beginning of year $5,400,807 · end of year $3,231,428
-
19 · Deferred revenue
beginning of year $167,186 · end of year $0
-
25 · Other liabilities
beginning of year $15,257,457 · end of year $15,676,869
-
27 · Net assets without donor restrictions
beginning of year $47,357,967 · end of year $45,761,960
Mission and programs · 2022
Mission
TO DEVELOP PROGRAMS AND PROJECTS INCLUDING PROGRAMS TO ENHANCE CONSUMER AND EMPLOYEE SAFETY & TRAINING, TO PROVIDE FOR RESEARCH & DEVELOPMENT OF CLEAN AND EFFICIENT PROPANE UTILIZATION EQUIPMENT DEVELOPMENT OF CLEAN AND EFFICIENT PROPANE UTILIZATION EQUIPMENT TO INFORM AND EDUCATE THE PUBLIC ABOUT SAFETY AND OTHER ISSUES ASSOCIATED WITH THE USE OF PROPANE.
Activities or mission (Part I)
EXPAND AND GROW SAFE EFFICIENT USE OF ODORIZED PROPANE GAS AS PREFERRED ENERGY SOURCE.
-
RESEARCH AND DEVELOPMENT - SUPPORT RESEARCH RELATED TO THE USE OF ODORIZED PROPANE AND DEVELOPMENT OF PROPANE UTILIZATION EQUIPMENT.
-
SAFETY AND TRAINING - SUPPORT PUBLIC AND PROPANE INDUSTRY AWARENESS AND TRAINING TO FOSTER THE SAFE, EFFICIENT USE AND HANDLING OF ODORIZED PROPANE.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stuart WeidieSTUART WEIDIE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Duncan McGinnisDUNCAN MCGINNIS
VICE CHAIRMAN, PRODUCERS
- Total calculated
- $0
- Hours/week
- 1
-
Chris DefilippoCHRIS DEFILIPPO
VICE CHAIRMAN, MARKETERS
- Total calculated
- $0
- Hours/week
- 1
-
Jeff KernsJEFF KERNS
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Gary FranceGARY FRANCE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Kevin CobbKEVIN COBB
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael DickinsonMICHAEL DICKINSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mike GarciaMIKE GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Trent HamptonTRENT HAMPTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Michael HeimMICHAEL HEIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris HillCHRIS HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe McGinnJOE MCGINN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Chris NevilsCHRIS NEVILS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Warren PattersonWARREN PATTERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John PowellJOHN POWELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan RichardsonDAN RICHARDSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Mark SuttonMARK SUTTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian WilkinBRIAN WILKIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Leslie WoodwardLESLIE WOODWARD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Thomas PerkinsTHOMAS PERKINS
PRESIDENT & CEO
- Total calculated
- $584,896
- From this org
- $550,804
- From related orgs
- $0
- Other
- $34,092
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $397,504
- Bonus
- $153,300
- Other
- $0
- Deferred
- $14,663
- Nontaxable benefits
- $19,429
- Filer's total
- $584,896
-
Bridget KiddBRIDGET KIDD
SVP, INDUSTRY RELATIONS
- Total calculated
- $278,091
- From this org
- $248,563
- From related orgs
- $0
- Other
- $29,528
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $198,515
- Bonus
- $50,048
- Other
- $0
- Deferred
- $15,073
- Nontaxable benefits
- $14,455
- Filer's total
- $278,091
-
Eric KusterERIC KUSTER
SVP, SAFETY, EDUCATION, AND COMPLIANCE
- Total calculated
- $235,453
- From this org
- $206,249
- From related orgs
- $0
- Other
- $29,204
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $175,962
- Bonus
- $30,287
- Other
- $0
- Deferred
- $10,619
- Nontaxable benefits
- $18,585
- Filer's total
- $235,453
-
Erin HatcherERIN HATCHER
SVP, COMMUNICATIONS AND MARKETING
- Total calculated
- $232,499
- From this org
- $199,366
- From related orgs
- $0
- Other
- $33,133
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $165,138
- Bonus
- $34,228
- Other
- $0
- Deferred
- $7,856
- Nontaxable benefits
- $25,277
- Filer's total
- $232,499
-
Michael EasonMICHAEL EASON
SVP, ADMINISTRATION & FINANCE (UNTIL 6/2022)
- Total calculated
- $185,972
- From this org
- $173,674
- From related orgs
- $0
- Other
- $12,298
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,674
- Bonus
- $15,000
- Other
- $0
- Deferred
- $6,584
- Nontaxable benefits
- $5,714
- Filer's total
- $185,972
-
Shawn StackSHAWN STACK
VP, FINANCE, DATA, TECHNOLOGY (UNTIL 12/2022)
- Total calculated
- $140,002
- From this org
- $121,164
- From related orgs
- $0
- Other
- $18,838
- Hours/week
- 40
-
Gokul VishwanathanGOKUL VISHWANATHAN
DIRECTOR OF RESEARCH AND SUSTAINABILITY
- Total calculated
- $216,491
- From this org
- $194,888
- From related orgs
- $0
- Other
- $21,603
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $168,379
- Bonus
- $26,509
- Other
- $0
- Deferred
- $10,586
- Nontaxable benefits
- $11,017
- Filer's total
- $216,491
-
Theresa RyanTHERESA RYAN
DIRECTOR OF ADMINISTRATION AND HUMAN RESOURCES
- Total calculated
- $208,241
- From this org
- $187,827
- From related orgs
- $0
- Other
- $20,414
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,719
- Bonus
- $20,108
- Other
- $0
- Deferred
- $10,976
- Nontaxable benefits
- $9,438
- Filer's total
- $208,241
-
Paula WilsonPAULA WILSON
DIRECTOR OF INDUSTRY ENGAGEMENT
- Total calculated
- $216,545
- From this org
- $185,998
- From related orgs
- $0
- Other
- $30,547
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $161,394
- Bonus
- $24,604
- Other
- $0
- Deferred
- $11,118
- Nontaxable benefits
- $19,429
- Filer's total
- $216,545
-
John KerekesJOHN KEREKES
SENIOR CONTRACTS MANAGER AND COUNSEL
- Total calculated
- $194,438
- From this org
- $172,760
- From related orgs
- $0
- Other
- $21,678
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,191
- Bonus
- $22,569
- Other
- $0
- Deferred
- $10,249
- Nontaxable benefits
- $11,429
- Filer's total
- $194,438
-
Patrick HylandPATRICK HYLAND
DIRECTOR OF INDUSTRY COMMUNICATIONS
- Total calculated
- $198,897
- From this org
- $170,471
- From related orgs
- $0
- Other
- $28,426
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,445
- Bonus
- $22,026
- Other
- $0
- Deferred
- $8,997
- Nontaxable benefits
- $19,429
- Filer's total
- $198,897
-
Ingrid BechardINGRID BECHARD
DIRECTOR OF EXTERNAL COMMUNICATIONS
- Total calculated
- $180,643
- From this org
- $170,307
- From related orgs
- $0
- Other
- $10,336
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $148,224
- Bonus
- $22,083
- Other
- $0
- Deferred
- $10,336
- Nontaxable benefits
- $0
- Filer's total
- $180,643
-
Gregg WalkerGREGG WALKER
DIRECTOR OF EXTERNAL COMMUNICATIONS
- Total calculated
- $195,330
- From this org
- $168,775
- From related orgs
- $0
- Other
- $26,555
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $146,329
- Bonus
- $22,446
- Other
- $0
- Deferred
- $10,413
- Nontaxable benefits
- $16,142
- Filer's total
- $195,330
-
Lyndon RickardsLYNDON RICKARDS
DIRECTOR OF SAFETY AND COMPLIANCE
- Total calculated
- $183,031
- From this org
- $155,938
- From related orgs
- $0
- Other
- $27,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $135,938
- Bonus
- $20,000
- Other
- $0
- Deferred
- $8,354
- Nontaxable benefits
- $18,739
- Filer's total
- $183,031
-
Jeremy WishartJEREMY WISHART
DIRECTOR OF TECHNICAL COMMUNICATIONS
- Total calculated
- $176,855
- From this org
- $154,857
- From related orgs
- $0
- Other
- $21,998
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,456
- Bonus
- $20,401
- Other
- $0
- Deferred
- $4,749
- Nontaxable benefits
- $17,249
- Filer's total
- $176,855
-
Michael NewlandMICHAEL NEWLAND
DIRECTOR OF AGRICULTURE BUSINESS DEVELOPMENT
- Total calculated
- $169,780
- From this org
- $153,478
- From related orgs
- $0
- Other
- $16,302
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,832
- Bonus
- $18,646
- Other
- $0
- Deferred
- $8,206
- Nontaxable benefits
- $8,096
- Filer's total
- $169,780
-
Grace WillisGRACE WILLIS
DIRECTOR OF MARKET AND INDUSTRY DATA
- Total calculated
- $164,594
- From this org
- $150,535
- From related orgs
- $0
- Other
- $14,059
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $150,035
- Bonus
- $500
- Other
- $0
- Deferred
- $9,144
- Nontaxable benefits
- $4,915
- Filer's total
- $164,594
-
Joseph CalhounJOSEPH CALHOUN
DIRECTOR OF OFF-ROAD BUSINESS DEVELOPMENT
- Total calculated
- $168,307
- From this org
- $141,940
- From related orgs
- $0
- Other
- $26,367
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,882
- Bonus
- $18,058
- Other
- $0
- Deferred
- $8,771
- Nontaxable benefits
- $17,596
- Filer's total
- $168,307
-
Stephen WhaleySTEPHEN WHALEY
DIRECTOR OF AUTOGAS BUSINESS DEVELOPMENT
- Total calculated
- $168,467
- From this org
- $141,745
- From related orgs
- $0
- Other
- $26,722
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $124,167
- Bonus
- $17,578
- Other
- $0
- Deferred
- $7,723
- Nontaxable benefits
- $18,999
- Filer's total
- $168,467
-
Anna LombardoANNA LOMBARDO
DIRECTOR OF MEETINGS AND EVENTS
- Total calculated
- $147,969
- From this org
- $121,163
- From related orgs
- $0
- Other
- $26,806
- Hours/week
- 40
-
Edward KentEDWARD KENT
SENIOR MANAGER, ACCOUNTING AND FINANCE OPERATIONS
- Total calculated
- $133,952
- From this org
- $119,820
- From related orgs
- $0
- Other
- $14,132
- Hours/week
- 40
-
Khosrow NaderiKHOSROW NADERI
DATA SCIENTIST
- Total calculated
- $120,398
- From this org
- $106,408
- From related orgs
- $0
- Other
- $13,990
- Hours/week
- 40
-
Kristen RiceKRISTEN RICE
DIRECTOR OF STATE SUPPORT AND GRANTS
- Total calculated
- $116,938
- From this org
- $100,519
- From related orgs
- $0
- Other
- $16,419
- Hours/week
- 40
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 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 25 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202303199349312540
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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