Nonprofit · EIN 72-1576978
ILLINOIS PETROLEUM RESOURCES BOARD
Tax-exempt · MOUNT VERNON, IL 62864
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $594,568 | $593,233 | $1,335 | $1,537,506 | $21,013 | $1,516,493 |
| December 31, 2023 | 990 | $592,229 | $724,405 | -$132,176 | $1,540,315 | $28,034 | $1,512,281 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $523,079
- Investment income
- $66,385
- Net gain from sales of assets
- $2,144
- Other revenue
- $5,104
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $115,000
- Salaries, compensation and benefits (total)
- $127,105
- Professional fundraising fees
- $0
- Legal fees
- $528
- Accounting fees
- $7,045
- Occupancy
- $23,250
- Travel
- $7,938
- Depreciation
- $14,690
- Program services (functional)
- $515,566
- Management and general (functional)
- $77,667
Balance sheet and other
- Total assets, start of year
- $1,540,315
- Total assets, end of year
- $1,537,506
- Total liabilities, end of year
- $21,013
- Net assets, end of year
- $1,516,493
- Land, buildings and equipment
- $47,076
- Net assets without donor restrictions
- $1,516,493
- Gross receipts
- $2,593,318
- Employees
- 1
- Year formed
- 2007
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH WHITEHEAD | Executive Dir. Officer | 40 | $115,000 |
| BRAD RICHARDS | Chairman Trustee or director, Officer | 1 | $0 |
| JANESSA VANDEVEER | Treasurer Trustee or director, Officer | 1 | $0 |
| ALAN SAUNDERS | Director Trustee or director | 0.5 | $0 |
| STEPHANIE STORCKMAN | Director Trustee or director | 0.5 | $0 |
| TRAVIS THOMPSON | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MICHAEL PAYNE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DAVID BRITTON | Director Trustee or director | 0.5 | $0 |
| JASON FRANKE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| MATT DAVIS | Secretary Trustee or director, Officer | 1 | $0 |
| MICHAEL COLE | Director Trustee or director | 0.5 | $0 |
| JONATHAN RUNYON | Director Trustee or director | 0.5 | $0 |
| WES BROOKE | Director Trustee or director | 0.5 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SETH WHITEHEAD | Executive Dir. Officer | 40 | $117,500 |
| BRAD RICHARDS | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| JANESSA VANDEVEER | Secretary Trustee or director, Officer | 1 | $0 |
| CHRIS MITCHELL | Director Trustee or director | 0.5 | $0 |
| ALAN SAUNDERS | Director Trustee or director | 0.5 | $0 |
| CASEY LAMPLEY | Director Trustee or director | 0.5 | $0 |
| STEPHANIE STORCKMAN | Chairman Trustee or director, Officer | 1 | $0 |
| STACY TATE | Director Trustee or director | 0.5 | $0 |
| TRAVIS THOMPSON | Director Trustee or director | 0.5 | $0 |
| MICHAEL PAYNE | VICE CHAIRMAN Trustee or director, Officer | 1 | $0 |
| DAVID BRITTON | Director Trustee or director | 0.5 | $0 |
| JASON FRANKE | Director Trustee or director | 0.5 | $0 |
| MATT DAVIS | Director Trustee or director | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 941, MOUNT VERNON, IL 62864-0020
- Principal officer (990 for 2024)
- BRAD RICHARDS, PO BOX 941 824 E IL HWY 15, MOUNT VERNON, IL 62864
- Signed the 990
- SETH WHITEHEAD, Executive Dir.
- Phone
- (618) 242-2861
- Website
- iprb.org
- Return prepared by
- Krehbiel & Associates LLC
Mission
TO PROMOTE AN UNDERSTANDING OF THE BUSINESS OF OIL & GAS PRODUCTION IN ILLINOIS THROUGH EDUCATION AND PUBLIC RELATION. TO FOSTER GOODWILL TOWARDS THE INDUSTRY BY ENCOURAGING ENVIRONMENTALLY SOUND PRACTICES WITH RESPECT TO ONGOING PRODUCTION AND HISTORICAL OILFIELD PROBLEMS. TO SUPPORT RESEARCH RELATED TO OIL EXPLORATION AND PRODUCTION AND PROBLEM REMEDIATION.
Program accomplishments
- PUBLIC RELATIONS - PROMOTE A POSITIVE IMAGE AND UNDERSTANDING OF THE INDUSTRY WITH A PROACTIVE PUBLIC RELATIONS CAMPAIGN.Expenses $239,076
- EDUCATION - CREATE AN UNDERSTANDING OF THE ILLINOIS OIL AND GAS INDUSTRY AND GOOD SAFETY PRACTICES THROUGH FREE PROGRAMS WITH SCHOOLS, ORGANIZATIONS, AND THE PUBLIC. THROUGH THE IPRB ILLINOIS OIL AND NATURAL GAS EDUCATION PROGRAM FOR SCIENCE AND MATH TEACHERS, THOUSANDS OF STUDENTS BENEFIT FROM THE CLASSROOM CURRICULUM, EQUIPMENT, MATERIALS AND PRESENTATION BY TRAINED TEACHERS. FURTHER, STUDENTS ARE BETTER PREPARED TO SEEK CAREERS IN SCIENCE, TECHNOLOGY, ENGINEERING AND MATH (STEM).Expenses $180,065
- ENVIRONMENTAL REMEDIATION - PARTICIPATE IN ENVIRONMENTAL CHARACTERIZATION AND REMEDIATION WORK CAUSED BY HISTORICAL OIL & GAS PRODUCTION WITHIN ILLINOIS.Expenses $96,425
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-1576978
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $1,537,506
- Income (IRS master file)
- $2,593,318
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $594,568 | $593,233 | $1,537,506 | IRS |
| 990 | December 2023 | $592,229 | $724,405 | $1,540,315 | XML |
| 990 | December 2022 | $681,030 | $585,029 | $1,685,544 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-1576978).
Questions about ILLINOIS PETROLEUM RESOURCES BOARD
- What is the EIN of ILLINOIS PETROLEUM RESOURCES BOARD?
- The employer identification number (EIN) of ILLINOIS PETROLEUM RESOURCES BOARD is 72-1576978.
- Is ILLINOIS PETROLEUM RESOURCES BOARD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2008.
- Are donations to ILLINOIS PETROLEUM RESOURCES BOARD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does ILLINOIS PETROLEUM RESOURCES BOARD file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ILLINOIS PETROLEUM RESOURCES BOARD due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ILLINOIS PETROLEUM RESOURCES BOARD last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ILLINOIS PETROLEUM RESOURCES BOARD?
- The 990 for the year ended December 31, 2024 names BRAD RICHARDS.
- Who are the officers and directors of ILLINOIS PETROLEUM RESOURCES BOARD?
- The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $115,000 (SETH WHITEHEAD, Executive Dir.).
- How much revenue does ILLINOIS PETROLEUM RESOURCES BOARD have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $594,568, expenses of $593,233 and total assets of $1,537,506 at year end.
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All nonprofits in MOUNT VERNON · Illinois · Community improvement and capacity building