Nonprofit · EIN 82-0557944
NATIONAL ASSOCIATION OF ROYALTY OWNERS INC
Tax-exempt · TULSA, OK 74134
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $477,931 | $536,885 | -$58,954 | $106,805 | $18,170 | $88,635 |
| December 31, 2023 | 990 | $423,439 | $501,332 | -$77,893 | $181,511 | $33,922 | $147,589 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $185,390
- Program service revenue
- $292,535
- Investment income
- $6
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $90,467
- Other salaries and wages
- $78,229
- Salaries, compensation and benefits (total)
- $190,680
- Professional fundraising fees
- $0
- Legal fees
- $17,312
- Accounting fees
- $31,038
- Occupancy
- $4,951
- Travel
- $16,843
- Depreciation
- $9,521
Balance sheet and other
- Total assets, start of year
- $181,511
- Total assets, end of year
- $106,805
- Total liabilities, end of year
- $18,170
- Net assets, end of year
- $88,635
- Net assets without donor restrictions
- $88,635
- Gross receipts
- $477,931
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2002
- State of legal domicile
- OK
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 |
|---|---|---|---|
| JON CORKERN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $90,467 |
| JIMMY WRIGHT | TREASURER Trustee or director, Officer | 2 | $0 |
| DAVID SMITH | DIRECTOR Trustee or director | 2 | $0 |
| DAN HAAKE | DIRECTOR Trustee or director | 2 | $0 |
| ED HAZZARD | DIRECTOR Trustee or director | 2 | $0 |
| CAROLINE PACE | DIRECTOR Trustee or director | 2 | $0 |
| MATT SANDS | PRESIDENT Trustee or director, Officer | 2 | $0 |
| KATY ALVEN | DIRECTOR Trustee or director | 2 | $0 |
| DIANA FRAZIER | DIRECTOR Trustee or director | 2 | $0 |
| BARRY BROWNE | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JIM MILLESON | DIRECTOR Trustee or director, Institutional trustee | 2 | $0 |
| REAGAN BRADFORD | DIRECTOR Trustee or director | 2 | $0 |
| RUSSELL MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| DAN DEVITT | DIRECTOR Trustee or director | 2 | $0 |
| JASON FITZGERALD | SECRETARY Trustee or director, Officer | 2 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| WALT LOTSPEICH | DIRECTOR Trustee or director | 2 | $0 |
| KELLEY HAGGERTY | DIRECTOR Trustee or director | 2 | $0 |
| SCOTT MANNING | DIRECTOR Trustee or director | 2 | $0 |
| ZACH SPIVEY | DIRECTOR Trustee or director | 2 | $0 |
| ROB PRENTICE | DIRECTOR Trustee or director | 2 | $0 |
| LANA MCGEE STRAUB | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JON CORKERN | EXECUTIVE DIRECTOR Trustee or director, Officer | 40 | $59,219 |
| JIMMY WRIGHT | INTERIM EXECUTIVE DIRECTOR Trustee or director, Officer | 2 | $0 |
| WADE CALDWELL | DIRECTOR Trustee or director | 2 | $0 |
| DAVID SMITH | PRESIDENT Trustee or director, Officer | 2 | $0 |
| DAN HAAKE | TREASURER Trustee or director, Officer | 2 | $0 |
| ED HAZZARD | DIRECTOR Trustee or director | 2 | $0 |
| CAROLINE PACE | DIRECTOR Trustee or director | 2 | $0 |
| MATT SANDS | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| JASON POLING | DIRECTOR Trustee or director | 2 | $0 |
| JARED BOEHS | DIRECTOR Trustee or director | 2 | $0 |
| KATY ALVEN | DIRECTOR Trustee or director | 2 | $0 |
| DIANA FRAZIER | DIRECTOR Trustee or director | 2 | $0 |
| BARRY BROWNE | DIRECTOR Trustee or director | 2 | $0 |
| JIM MILLESON | SECRETARY Trustee or director, Institutional trustee | 2 | $0 |
| REAGAN BRADFORD | DIRECTOR Trustee or director | 2 | $0 |
| REAGAN MARBLE | DIRECTOR Trustee or director | 2 | $0 |
| FRED BARAGONA | DIRECTOR Trustee or director | 2 | $0 |
| RUSSELL MURPHY | DIRECTOR Trustee or director | 2 | $0 |
| DAN DEVITT | DIRECTOR Trustee or director | 2 | $0 |
| CLINTON BUTLER | DIRECTOR Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 16209 E 49TH PL, TULSA, OK 74134-7300
- Principal officer (990 for 2024)
- JON CORKERN, 10800 GOSLING RD 131090, SPRING, TX 77393
- Signed the 990
- JON CORKERN, EXECUTIVE DIRECTOR
- Phone
- (918) 664-5573
- Website
- WWW.NARO-US.ORG
- Return prepared by
- ELLISON & ASSOCIATES INC
Mission
PROMOTE COMMON ECONOMIC INTERESTS OF ROYALTY OWNERS REGARDING DISCOVER, DEVELOPMENT, PRODUCTION, AND USE OF OIL, GAS, AND OTHER MINERALS-DEVELOP AND PROVIDE MEMBERS AND THE PUBLIC WITH INFORMATION CONCERNING CONSERVATION OF ENERGY
Program accomplishments
- 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.
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
- 82-0557944
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Exempt since
- 2002
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $106,805
- Income (IRS master file)
- $477,931
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $477,931 | $536,885 | $106,805 | XML |
| 990 | December 2023 | $423,439 | $501,332 | $181,511 | XML |
| 990 | December 2022 | $389,352 | $369,375 | $251,149 | 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 82-0557944).
Questions about NATIONAL ASSOCIATION OF ROYALTY OWNERS INC
- What is the EIN of NATIONAL ASSOCIATION OF ROYALTY OWNERS INC?
- The employer identification number (EIN) of NATIONAL ASSOCIATION OF ROYALTY OWNERS INC is 82-0557944.
- Is NATIONAL ASSOCIATION OF ROYALTY OWNERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2002.
- Which annual return does NATIONAL ASSOCIATION OF ROYALTY OWNERS INC 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 NATIONAL ASSOCIATION OF ROYALTY OWNERS INC 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 NATIONAL ASSOCIATION OF ROYALTY OWNERS INC 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 NATIONAL ASSOCIATION OF ROYALTY OWNERS INC?
- The 990 for the year ended December 31, 2024 names JON CORKERN.
- Who are the officers and directors of NATIONAL ASSOCIATION OF ROYALTY OWNERS INC?
- The 990 for the year ended December 31, 2024 lists 21 people; 1 received compensation from the organization, the highest $90,467 (JON CORKERN, EXECUTIVE DIRECTOR).
- How much revenue does NATIONAL ASSOCIATION OF ROYALTY OWNERS INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $477,931, expenses of $536,885 and total assets of $106,805 at year end.
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