Coal Operators & Associates INC

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The organization exists to better the conditions of those engaged in the pursuit of various Coal mining related activities and to promote and improve general conditions within the Coal mining industry.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
$95K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $47K a year · 21% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$95K
to officers and key staff · 51% of spending
Concern: pay to officers and key staff is 51% of spending; over 30%.
Pt VII · Sec A
17 mo
of spending, in cash
Looks good: 17.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$555
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$257K
+5% vs prior year
Spent
$185K
Net assets
$262K
By yearFY2020–FY2024
Revenue
$257K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$197K
FY2021$187K
FY2022$209K
FY2023$245K
FY2024$257K
Expenses
$185K
FY2024▲ +8%
Tap a bar for its year
Expenses by fiscal year
FY2020$167K
FY2021$171K
FY2022$169K
FY2023$171K
FY2024$185K
Net assets
$262K
FY2024▲ +38%
Tap a bar for its year
Net assets by fiscal year
FY2020$58K
FY2021$75K
FY2022$116K
FY2023$191K
FY2024$262K

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 1973.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $185K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation
President
$53,823Pt VII · Sec A
Executive V. Pres/ Sec/Treasurer
$41,000Pt VII · Sec A
Chairman of Board
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Joseph Jacobs$53,823————
John F Justice$41,000$35,000$35,000$35,000$35,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Improves conditions for coal miners and the industry.

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Provided by the organization

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1 program · in their own filed words · FY2024
01

Coal operators associates, inc. Supports approximately 80 members by providing them with information concerning laws and regulations pertaining to the coal mining industry and support in the areas of taxes, safety, and environmental matters.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$257K
Ln 12
Fees for servicesLn 2g$249K
Investment incomeLn 3$8K
Money outPt IX
$185K
Ln 25
Managementcol C$185K
Owns and owesPt X
$262K
net assets · Ln 32
Cash and savingsLn 1–2$263K
Total assetsLn 16$263K
LiabilitiesLn 26$555
PeoplePt VI, VII
3
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$249K
Investment incomeLn 3$8K
Total revenueLn 12$257K
Assets in detailPt X, end of year
CashLn 1$76K
SavingsLn 2$187K
Cash and savings togetherLn 1–2$263K
Total assetsLn 16$263K
LiabilitiesLn 26$555
Net assetsLn 32$262K
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$191K$263K
Total assetsLn 16$191K$263K
LiabilitiesLn 26$448$555
Net assetsLn 32$191K$262K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$41K$41K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$4K$4K
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$4K$4K
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$5K$5K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$6K$6K
TravelLn 17$12K$12K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$260$260
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$42K$42K
Other expenses (24a–d)Ln 24$71K$71K
All other expensesLn 24e$54$54
Total functional expensesLn 25$185K$185K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $257K$185K$72K$262K 990 PDF
FY2023 $245K$171K$75K$191K 990 PDF
FY2022 $209K$169K$41K$116K 990 PDF
FY2021 $187K$171K$17K$75K 990 PDF
FY2020 $197K$167K$30K$58K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $256,550 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $243,544$248,981
I-10 Investment incomePrior year $1,809$7,569
I-11 Other revenuePrior year $90$0
I-12 Total revenuePrior year $245,443$256,550
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $38,347$45,062
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $132,487$139,966
I-18 Total expensesPrior year $170,834$185,028
I-19 Revenue less expensesPrior year $74,609$71,522
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $256,550 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $248,981$248,981
VIII-3 Investment incomeRelated to mission $7,569$7,569
VIII-12 Total revenueRelated to mission $256,550$256,550
Part IX · Statement of functional expenses $185,028 across 30 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $41,000$41,000
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $4,062$4,062
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $4,387$4,387
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-12 Advertising and promotion$0
IX-13 Office expensesManagement $4,725$4,725
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyManagement $6,000$6,000
IX-17 TravelManagement $12,000$12,000
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetingsManagement $260$260
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $41,740$41,740
IX-24 Other expenses (24a–d)Management $70,800$70,800
IX-24e All other expensesManagement $54$54
IX-25 Total functional expensesManagement $185,028$185,028
Part X · Balance sheet $262,672 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $51,492$75,553
X-2 Savings and temporary cash investmentsStart of year $139,550$187,119
X-16 Total assetsStart of year $191,042$262,672
X-17 Accounts payable and accrued expensesStart of year $448$555
X-26 Total liabilitiesStart of year $448$555
X-27 Net assets without donor restrictionsStart of year $190,594$262,117
X-32 Total net assets or fund balancesStart of year $190,594$262,117
X-33 Total liabilities and net assetsStart of year $191,042$262,672
Part XI · Reconciliation of net assets $262,117 net assets at year end
XI-1 Total revenue$256,550
XI-2 Total expenses$185,028
XI-3 Revenue less expenses$71,522
XI-4 Net assets at start of year$190,594
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$262,117

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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