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Florida Petroleum Marketers Association

Not tax-deductible

Tallahassee, FL501(c)(6)Community Development EIN 82-3438520Revenue $1.4M in FY2024

On file with the IRSfpma.org502 E Jefferson St, 32301-2537 · Tallahassee, FLTax-exempt since Jul 2018

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The mission of the Florida Petroleum Marketers Association is to protect the industry and advocate on its behalf. We strive to promote a growth oriented business community in the state of Florida and work to ensure that every one of our members reaps the benefits of a fairly regulated and business friendly environment.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Run by 7 volunteers and 6 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · People: Part I, lines 5–6

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
3 of 3
filings with a surplus
Average surplus $84K a year · 6% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Pay to officers and key staff
$267K
to officers and key staff · 20% of spending
Top officer’s pay higher than 81% of similar orgs
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$320K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
-2% vs prior year
Spent
$1.3M
Net assets
$1.4M
By yearFY2022–FY2024
Revenue
$1.4M
FY2024▼ -2%
Tap a bar for its year
Revenue by fiscal year
FY2022$1.3M
FY2023$1.4M
FY2024$1.4M
Expenses
$1.3M
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2022$1.2M
FY2023$1.3M
FY2024$1.3M
Net assets
$1.4M
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2022$1.2M
FY2023$1.4M
FY2024$1.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2018.

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

Who runs it and what they're paid

8 people listed on the 990; $267K paid to officers and key staff.

Part VII, Section A · reportable compensation
Edward Bowman JR
Executive Director
$267,297Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Luis Lago
Chair Elect
$0Pt VII · Sec A

Edward Bowman JR’s $267K as Executive Director is at the 81st percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022
Edward Bowman JR$267,297$250,579$225,822

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.

See Florida Petroleum Marketers Association executive salaries →

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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 Florida's petroleum marketers, promoting business growth and fair regulation.

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Provided by the organization

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3 programs · in their own filed words · FY2024
01

Convention and trade show- an annual convention is held with approximately 225 booths and 1,000 attendees. The convention promotes the petroleum industry to both members and the general public.

Pt IX · col B
02

Publications- the association publishes a magazine which educates its members and the public on the petroleum industry. The magazine includes information about the association, as well as legal and environmental issues facing the petroleum industry and new product developments. The association has approximately 200 members.

Pt IX · col B
03

Education- workshops and siminars to educate members in various areas related to current events, safety, and issues facing the petroleum industry.

Pt IX · col B

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 5 grants · $127K · 2022–2024
Unitemized GrantFY2024$5,937
Florida Petroleum Marketers Scholarship Fund INCFL · FY2023$42,000
Unitemized GrantFY2023$5,208
Florida Restaurant Association INCFY2022$50,000
Florida Petroleum Marketers Scholarship Fund INCFL · FY2022$24,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Fees for servicesLn 2g$788K
Gifts and grantsLn 1h$515K
Investment incomeLn 3$56K
Money outPt IX
$1.3M
Ln 25
Owns and owesPt X
$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$1.7M
Total assetsLn 16$1.7M
LiabilitiesLn 26$320K
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$515K
Fees for servicesLn 2g$788K
Investment incomeLn 3$56K
Other incomeLn 4–11$24K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$1.7M
Cash and savings togetherLn 1–2$1.7M
InvestmentsLn 11–13$25K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.7M
LiabilitiesLn 26$320K
Net assetsLn 32$1.4M
OperationsPt I, VI
EmployeesI 56
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$1.6M$1.7M
InvestmentsLn 11–13$25K$25K
Land, buildings, equipmentLn 10c$359$0
Total assetsLn 16$1.7M$1.7M
LiabilitiesLn 26$297K$320K
Net assetsLn 32$1.4M$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$6K
Pay of current officers, directors and key staffLn 5$334K
Other salaries and wagesLn 7$243K
Other employee benefitsLn 9$3K
Payroll taxesLn 10$28K
Legal feesLn 11b$97K
Accounting feesLn 11c$2K
Lobbying feesLn 11d$90K
Other fees for servicesLn 11g$10K
Advertising and promotionLn 12$5K
Office expensesLn 13$40K
Information technologyLn 14$17K
OccupancyLn 16$18K
TravelLn 17$19K
Conferences, conventions and meetingsLn 19$345K
Depreciation, depletion and amortizationLn 22$359
InsuranceLn 23$2K
Other expenses (24a–d)Ln 24$86K
Total functional expensesLn 25$1.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.4M$1.3M$39K$1.4M 990 PDF
FY2023 $1.4M$1.3M$132K$1.4M 990 PDF
FY2022 $1.3M$1.2M$81K$1.2M 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 J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,383,387 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $553,701$515,340
I-9 Program service revenuePrior year $804,118$788,231
I-10 Investment incomePrior year $25,367$56,033
I-11 Other revenuePrior year $32,855$23,783
I-12 Total revenuePrior year $1,416,041$1,383,387
I-13 Grants and similar amounts paidPrior year $47,208$5,937
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $505,952$607,177
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $730,462$731,037
I-18 Total expensesPrior year $1,283,622$1,344,151
I-19 Revenue less expensesPrior year $132,419$39,236
Part VI · Governance 7 of 8 board members independent, 2 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members7
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,383,387 across 6 lines filed
VIII-1f All other contributions, gifts and grants$515,340
VIII-1h Total contributions, gifts and grants$515,340
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $778,069 · Unrelated business $10,162$788,231
VIII-3 Investment incomeExcluded from tax $56,033$56,033
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $23,783$23,783
VIII-12 Total revenueRelated to mission $801,852 · Unrelated business $10,162 · Excluded from tax $56,033$1,383,387
Part IX · Statement of functional expenses $1,344,151 across 18 lines filed
IX-2 Grants to domestic individuals$5,937
IX-5 Pay of current officers, directors and key staff$334,029
IX-7 Other salaries and wages$242,769
IX-9 Other employee benefits$2,874
IX-10 Payroll taxes$27,505
IX-11b Legal fees$97,144
IX-11c Accounting fees$1,570
IX-11d Lobbying fees$90,000
IX-11g Other fees for services$10,000
IX-12 Advertising and promotion$5,000
IX-13 Office expenses$40,489
IX-14 Information technology$17,086
IX-16 Occupancy$17,549
IX-17 Travel$18,746
IX-19 Conferences, conventions and meetings$345,053
IX-22 Depreciation, depletion and amortization$359
IX-23 Insurance$2,128
IX-24 Other expenses (24a–d)$85,913
IX-25 Total functional expenses$1,344,151
Part X · Balance sheet $1,733,876 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,599,130$1,689,273
X-4 Accounts receivableStart of year $31,774$1,020
X-9 Prepaid expenses and deferred chargesStart of year $15,277$18,583
X-10c Land, buildings and equipment, netStart of year $359$0
X-13 Program-related investmentsStart of year $25,000$25,000
X-16 Total assetsStart of year $1,671,540$1,733,876
X-17 Accounts payable and accrued expensesStart of year $9,886$0
X-19 Deferred revenueStart of year $286,661$319,647
X-26 Total liabilitiesStart of year $296,547$319,647
X-27 Net assets without donor restrictionsStart of year $1,374,993$1,414,229
X-32 Total net assets or fund balancesStart of year $1,374,993$1,414,229
X-33 Total liabilities and net assetsStart of year $1,671,540$1,733,876
Part XI · Reconciliation of net assets $1,414,229 net assets at year end
XI-1 Total revenue$1,383,387
XI-2 Total expenses$1,344,151
XI-3 Revenue less expenses$39,236
XI-4 Net assets at start of year$1,374,993
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,414,229

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

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