Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2002.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
21 people listed on the 990; $90K paid to officers and key staff.
Compensation history total reportable pay by year · 2 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Jack Fleet | — | — | $83,960 | $95,900 | $82,194 |
| Jon Corkern | $90,467 | $59,219 | — | — | — |
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 15aYes
Programs and updates
Advocates for royalty owners on mineral development and promotes energy conservation.
Questions for National Association of Royalty Owners INC
Your first name shows with your question. National Association of Royalty Owners INC answers here, for everyone.
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Promote common economic interests of royalty owners regarding discovery, development, production, and use of oil, gas, and other minerals - develop and provide members and the public with information concerning conservation of energy.
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $126K | $73K |
| Land, buildings, equipmentLn 10c | $0 | $0 |
| Total assetsLn 16 | $182K | $107K |
| LiabilitiesLn 26 | $34K | $18K |
| Net assetsLn 32 | $148K | $89K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $90K | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $78K | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $8K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $4K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $10K | $0 | $0 | $0 |
| Legal feesLn 11b | $17K | $0 | $0 | $0 |
| Accounting feesLn 11c | $31K | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $75K | $0 | $0 | $0 |
| Office expensesLn 13 | $20K | $0 | $0 | $0 |
| OccupancyLn 16 | $5K | $0 | $0 | $0 |
| TravelLn 17 | $17K | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $105K | $0 | $0 | $0 |
| InterestLn 20 | $109 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $10K | $0 | $0 | $0 |
| InsuranceLn 23 | $2K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $36K | $0 | $0 | $0 |
| All other expensesLn 24e | $28K | $0 | $0 | $0 |
| Total functional expensesLn 25 | $537K | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $478K | $537K | −$59K | $89K | 990 PDF |
| FY2023 | $423K | $501K | −$78K | $148K | 990 PDF |
| FY2022 | $389K | $369K | $20K | $225K | 990 PDF |
| FY2021 | $396K | $342K | $55K | $206K | 990 PDF |
| FY2020 | $319K | $279K | $41K | $151K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $477,931 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, no flags
Part VIII · Statement of revenue $477,931 across 6 lines filed
Part IX · Statement of functional expenses $536,885 across 17 lines filed
Part X · Balance sheet $106,805 assets, 11 lines filed
Part XI · Reconciliation of net assets $88,635 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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